Michigan Tech College of Business Newsblog

Category: Competitions

MTU’s DECA Soared at State Conference

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SGroup DECA 2016tudents from Michigan Tech’s chapter of Distributive Educational Clubs of America (DECA) attended the State Career Development Conference over spring break. The competition has three different types     of events which include case studies, business simulations, and prepared events. The students are given thirty minutes to an hour to prepare the event depending on the type, and then present their findings to judges who grade them based on specific performance indicators. For the business simulations and case studies, no outside materials are allowed. The competition is designed to take the knowledge students learn inside the classroom and apply it to real world problems. The judges are professionals from that specific area meaning that the judge typically works for a firm within that industry and/or holds certifications which makes them competent to judge the event. This year, eleven members from Michigan Tech attended the conference, and nine qualified for the International Career Development Conference. Ken Arndt placed third in the corporate finance event, and Cassandra Barry (pictured below) placed first in the accounting event. In Michigan Tech’s chapter of DECA, placing first in any event had only occurred three times, once when the chapter was established, and twice in 2013.

 

C Barry DECA

 

 

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Two Michigan Tech Teams Win New Venture Competition

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Two student teams from Michigan Tech each brought home $10,000 or more in venture funding from the New Venture Competition at Central Michigan University last weekend.

Superior Filament, led by Cedric Kennedy, Aubrey Woern and Jos Krugh, brought home a $10,000 Best Technology Award, as well as another $1,000 for Best Pitch and the $250 Audience Choice Award.

The student-run company is developing filment for 3-D printers from recycled plastics to support growth in the 3-D printing industry while reducing environmental impact.

We Inspire, led by Arick Davis, won the $10,00 Korson Family Highest Growth Potential Award. We Inspire is developing an online system and community to help students make informed career choices by connecting them with profiles and feedback from practicing professionals.

Two other Michigan Tech teams participated in the annual entrepreneurial competition. TRU is developing a big data solution with proprietary algorithms to help performance athletes optimize performance through informed nutritional and dietary supplement choices.

Huskies 4 Hire is connecting students looking for short-term employment opportunities with community members seeking temporary employees.

The Pavlis Honors College helped sponsor the event financially.  The student teams received support from Michigan Tech’s Innovation Center for Entrepreneurship, the School of Business and Economics and the MTEC SMartZone..

Story written by Jenn Donovan in Tech Today – Tuesday, April 12 2016

To read more, check out senior electrical engineering major, Arick Davis’ LinkedIn post.

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THE Project: SBE works to make higher education more affordable in MI

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rsz_1the_project_2015_2For the 4th year in a row, Michigan Tech placed second in THE Project’s 2015 competition on April 13. The event was held at the Pinnacle Center in Grand Rapids, MI and included 15 teams from the State of Michigan. The competing students were asked to prepare a variety of deliverables to reduce the cost of higher education in the state of Michigan.

Michigan Tech had 2 teams both receiving recognition and awards. Michigan Tech’s Team A received the highest presentation score in their division. The students of Team A consist of:

  • Helen Richards, majoring in Engineering Management
  • Arissara (Kwang) Suthijindawong, double major in MIS and OSM
  • Cody Waffle, majoring in Engineering Management

Michigan Tech Team B placed second overall and received the highest score in their division. The students of Team B consist of:

  • Taylor Auguston, majoring in Management with a concentration in Supply ChainTHE Project 2015
  • Kareem Fayssa, majoring in Operations Systems and Management
  • Frances Kallio, majoring in Operations Systems and Management
  • Dylan Whittaker, majoring in Operations systems and Management

Both teams worked over the course of the two semesters to prepare for their deliverables and final presentations. With guidance from Dr. Dana Johnson the students all received valuable knowledge and project management skills that can be utilized as they move forward with their careers. Kallio expressed “It was the greatest experience of my college career. Not only did my presentation and public speaking improve, but my team work, leadership and communication skills grew beyond belief.”

Members of both teams improved their understanding of project management concepts along with gaining confidence in their ability to apply them to a real world experience. Fayssa noted that he now intends to pursue a career in project management and will often reflect on his experience with THE Project 2015.

 

This article was written by Frances Kallio.

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2nd Place Win at Design Expo

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A team from the Business Development Experience Course (BUS 4992) tied for second place in the category of Design Expo Image Contest, in 2014’s Design Expo.  This accomplishment is particularly impressive, as over 600 Michigan Tech students across all disciplines competed in this year’s hands-on, discovery-based learning program, hosted by the Institute for Leadership and Innovation and the College of Engineering.

The team, titled “Balise and RFID Use in Rail Systems,” consisted of members Frank Kampe (’14, BS in Marketing), Min Li (’14, BS in Operations and Systems Management), Daniel Holmberg (’14, BS in Management), and Kevin Heras (projected graduation: Fall 2014, majoring in Management).  In order to participate in the Design Expo, team members took the Business Development Experience two-course sequence, where business school students ascertain the commercial viability of potential projects.  Since the implementation of the courses, business school students have been teaming up with the Enterprise and Senior design project teams to look at their technologies from a business perspective.

Team Advisor and Assistant Professor of Entrepreneurship and Innovation, Saurav Pathak, was pleased with his students and the work they conducted.  “This group in particular made valuable recommendations to Technical Expert Network (TEN) on how to expand the use of Radio Frequency Identification (RFID) technologies in the US rail industry,” Pathak remarked.  He added, “The fact that business school students were placed as award winners in an event that predominantly highlights the technological feats at Michigan Tech is proof that there is value in ascertaining the business prospects of these technologies.”

Congratulations to the team on their award!

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