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College of BusinessCommerce News

March 8, 2002 -- News Brief

Illinois students fare well in business case competition

Seven University of Illinois teams competed for the opportunity to advance to the National Business Consulting Challenge that was held February 28 through March 1, 2002, at Andersen's Center for Professional Education in St. Charles, Ill.

The top two local teams were recently presented awards at a reception hosted by Andersen. First place honors went to Stanley Yong, Katie Finnegan, Peter Berger, Scott Springer, and Bruno Alencar (left to right). The team, which advanced to the national competition, was awarded a $1,000 grand prize. Second place was awarded to Nick Bafaloukos, Eric Newgard, Michael Simanek, and Mark Wu. This team was awarded $500. The students on the first-place team are enrolled in the Technology and Management Program, jointly offered by the College of Commerce and Business Administration and the College of Engineering.

At the national competition, the University of California-Berkeley took first place honors and was awarded a grand prize of $5,000 and a $20,000 gift for their university. The University of Illinois team took 2nd place and received a $3,000 cash prize. The team from Georgia Tech took 3rd place and received a $1,000 cash prize.

The competition gave participants an opportunity to gain expertise and hands-on experience in consulting, and helped them understand how consultants work with clients. Each team was responsible for developing a customer loyalty program proposal for a company. Teams were judged on their ability to develop innovative solutions that address the company's people, processes, technology and strategy.

The contest at the University of Illinois was part of the nationwide competition involving 144 teams and 576 students from 15 leading universities.

Note: This information was obtained from a press release from Andersen.


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