Biz
whizzes earn a seventh Beanpot
You think the New England Patriots
are a dynasty, with three Super Bowl championships in four years?
That's
chump change, compared with the team of Northeastern undergraduate
business students who recently won the annual Business Beanpot
championship. Again. For the seventh time in nine years, to be
precise.
The Business Beanpotnamed for the local ice hockey contestpits
teams from Northeastern, Babson College, Bentley College, Boston
University, the Massachusetts Institute of Technology, and Suffolk
University against one another. Their daylong challenge: Develop
a business strategy for a particular company.
Coached by assistant
business professor Ray Kinnunen, the Northeastern team has not
only won seven out of nine trophies, but has reached the Final
Four round every year since the Beanpot's inception in 1996.
This
year, the contestants were charged with developing a business
strategy for French outdoor advertising company JCDecaux, a competitor
of
Viacom Cable and Clear Channel.
The teams were given five hours
in which to create a strategy and a strategy presentation, including
PowerPoint slides. A panel of judges picked the best four teams,
and those students actually made their presentations for the
final round.
A returning member of the Northeastern team, Ted
Kail, waxes eloquent about his experience. "Only one way to describe it," he says. "Winning
the championship two years in a row are two of the happiest days
of my life."
The Business Beanpot is much more than fun and
games, though. Many of Northeastern's
participants have gone on to work at such industry giants as Microsoft
and General Electric, as well as several investment banking firms,
Kinnunen says.
He believes the sports metaphor is apt for the
Business Beanpot. "There has to be some form of competitive fire," he says. "If
you think about it, these are the kind of people who survive, kind
of like on The Apprentice."
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