Michigan Tech College of Business Newsblog

Category: Competitions

Business Students Place Third in Annual Marketing Conference

Published
By

Three student members of the Michigan Tech chapter of the American Marketing Association (AMA)—Ryan Calkins (Management), Emily Kughn (Marketing), and Jaxon Verhoff (Marketing)—recently demonstrated their marketing strategy competence at the 2020 AMA regional conference hosted virtually by the University of Wisconsin–Whitewater.



The students were selected as top-10 finalists at the online conference where more than 800 students from 64 universities participated. They went on to place third on October 9, winning a cash award of $250.

In addition to this achievement, Michigan Tech was represented in the AcuRite Digital Marketing Strategy Competition and Gartner Sales Competition, where managers from the sponsoring companies served as judges.

Although COVID-19 disrupted the learning environment, Associate Professor of Marketing, Jun Min, who advises the marketing organization on campus, states, “I am continually impressed with our students’ willingness to try something new.”

Continue Reading →

2020 Bob Mark Business Model Competition Winners

Published
By

The 2020 Bob Mark Business Model Competition was held January 29.  Eighteen students making up 13 teams pitched business models to advance their innovation. Community members and judges from across campus and the community selected the winners and provided the teams with feedback.

Student stands on stage during business plan competition
Jacob Soter is currently pursuing a TechMBA®

The winners of the 2020 Bob Mark Business Model Competition:

  • First Prize, $2,000—Kyra Pratley, POWERPENDANTS
  • Second Prize, $1,000—Jake Soter, SwimSmart Technologies
  • Third Prize, $500—J. Harrison Shields, Shields Technologies
  • Honorable Mention, $250—Samerender Hanumantharao & Stephanie Bule, Bio-Synt
  • Honorable Mention, $250—Allysa Meinburg, Haley Papineau, Sadat Yang, AAA Prosthetic Ankle
  • Audience Favorite, $250—Allysa Meinburg, Haley Papineau, Sadat Yang, AAA Prosthetic Ankle
  • MTEC SmartZone Breakout Innovation Award, ($1,000 Reimbursable expenses toward business development)—Ranit Karmakar

This event is a tribute to the late Bob Mark, professor of practice in the College of Business who started the Elevator Pitch Competition at Michigan Tech. The competition recognizes his entrepreneurial spirit and its continuation at Michigan Tech.

The 2020 Bob Mark Business Model Competition was hosted by Husky Innovate, a collaboration between Pavlis Honors College, the Michigan Tech College of Business, and the Office of Innovation and Commercialization. Husky Innovate is Michigan Tech’s resource hub for innovation and entrepreneurship, and offers workshops, competitions, NSF I-Corps training, a speaker series, and co-hosts the Silicon Valley Experience.

Continue Reading →

Introducing the Husky Investment Tournament for High Schools

Published
By

Student stands at NasdaqThe School of Business and Economics at Michigan Technological University announces the Husky Investment Tournament, an exciting and engaging semester-long outreach initiative designed for high school business classrooms. Students in grades nine through twelve will see business come to life through the principles of the stock market–with the opportunity to win prize money and college scholarships!

“The purpose of the Husky Investment Tournament is to offer more students more pathways to discover business opportunities at Michigan Tech,” says Dean Johnson, dean of the School of Business and Economics and founder of the Tournament. 

How it works: Teams comprised of 3-4 student members will receive $1,000,000 in virtual US dollars will build a portfolio. At the conclusion of the competition, the team with the top-performing portfolio will be invited to campus to pitch to a panel of current Michigan Tech students and experts. The winning team will also receive $1,000 in prize money and all student-team members who actively participate will be awarded scholarships to attend Michigan Tech.

Most importantly, students will learn about the world of investing and business in a hands-on and dynamic way.

“We envision the Husky Investment Tournament to be embedded into an economics or business or personal finance class. Teachers should plan to discuss personal finance, investing, and the Husky Investment Tournament with students. The School of Business and Economics will provide faculty support and resources,” Johnson says.

 

Students gather around computer

Registration closes September 23 and the competition begins October 1, running until December 1. Interested educators or administrators may inquire for more details by emailing business@mtu.edu. 

 

 

Continue Reading →

Business Huskies Place Second and Third in State Project Competition

Published
By

Earlier this month, Michigan Technological University’s School of Business and Economics (SBE) sent two teams of undergraduate students to Grand Rapids, Michigan, to compete in the final stage of the eighth-annual THE Project Competition, an annual collegiate project management competition hosted by the Western Michigan Project Management Institute Chapter.

From L to R: Keaton Thames, Erica Austin, Giselle Ulep, Skyler Nelson-Makuch, Sarah Koerber, Quinn Trumbower

Roger Woods, SBE faculty member who leads the opportunity each year, says that the experience engages Huskies in the practice of project management, develops their leadership skills, and provides them with a platform to demonstrate their abilities to business and community leaders.

Michigan Tech has competed in all eight of the competitions, placing third in 2018 and first in 2017.

THE Project scenario for 2019 was to develop a project plan to renovate an existing building on campus to LEED standards. Teams worked with subject-matter experts and stakeholders to develop a project plan using the Project Management Body of Knowledge published by the Project Management Institute. They are assigned a mentor and are judged by professionals at four different stages or “gates.”

Students faced competition from five other Michigan schools including Cornerstone, Ferris State, Grand Valley, Hillsdale, and Western Michigan.

“THE Project is probably the best college experience I have had outside of an internship for my future career in the project management industry,” says first-time competitor and Michigan Tech senior, Connor Green.

A group of five Michigan Tech students pose at competition.
From L to R: Amanda Vermeer, Amanda Sabol, Megan Twork, Connor Green, Hannah Badger

Team Extreme Makeover Tech Edition–comprised of Erica Austin (management, Sterling Heights, MI), Sarah Koerber (engineering management,Grand Blanc, MI), Skyler Nelson-Makuch (supply chain and operations management, Kalamazoo, MI), Keaton Thames (engineering management, Highlands Ranch, CO), Quinn Trumbower (engineering management, New London, WI) , and Giselle Ulep (engineering management, Beverly Hills, MI)–went from last place to the top spot in their division throughout the four competition gates, securing a position in the final three.

Huskies LEED the Way–a team, which included Hannah Badger (engineering management, Plymouth, MI), Connor Green (engineering management, Sandusky, MI), Amanda Sabol (engineering management, Utica, MI), Megan Twork (engineering management, Ravenna, MI), and Amanda Vermeer (engineering management, Sterling Heights, MI)–led their division from start to finish, also securing a spot in the final three.

Final: Huskies LEED second; Extreme Makeover third.

 

Continue Reading →

2018 Bob Mark Business Model Competition

Published
By

The Bob Mark Business Model Competition provides a venue for students of all majors to pitch their entrepreneurial ideas before an audience and a panel of judges. Prior to the competition, students receive coaching from business professionals to hone their ideas and improve their pitches.

The 2018 Bob Mark Business Model Competition took place Wednesday, Dec. 5. More than 20 participants making up 15 teams pitched business plans for ideas ranging from hypothermia-preventing life jackets to a web-based stress management program.

Continue Reading →