RMIT Vietnam NewsRMIT Vietnam team shines in global business comp

RMIT Vietnam team shines in global business comp

Wednesday, December 31, 2014 - 09:52
(from left) Senior Lecturer David Knock and his students Tran Le Giang, Nguyen Thuy Van, and Nguyen Minh Triet - finalists in the Fall Capstone® Business Simulation Challenge.

RMIT Vietnam alumni Nguyen Thuy Van and Tran Le Giang, along with current student Nguyen Minh Triet, have proven they have what it takes to be leaders.

The group was recently named a finalist in the Capstone Business Simulation Challenge, a global competition showcasing leadership and talent in formulating business strategy.

It’s the second time an RMIT Vietnam team has reached the finals.

This year’s team secured fifth place after competing with more than 1,750 entrants making up 961 teams from universities across 38 countries, and impressed the judges with their skills in positive thinking and forecasting.

Finance alumni Van and commerce alumni Giang along with finance student Triet, first used Capstone simulation in the RMIT Vietnam course Performance Analysis and Simulations.

According to Triet, all finance and management students need to be able to read financial reports but Capstone takes this further.

“It prepares students with specific knowledge such as good leverage ratios and safe days of working capital,” Triet said.

“It also builds skills in market forecasting and decision-making based on competitor performance.”

The competion was online for the first round and the semi-final but the finals saw the team compete in-person with six teams from Canada, India, United Kingdom and Australia in a 48 hour, high-pressure playoff.

RMIT Vietnam Senior Lecturer David Knock, who runs the University’s Performance Analysis and Simulation course, said he is immensly proud of the students.

“I think it’s a fantastic result which is due to the team giving it their all,” he said.

According to Mr Knock, this year’s competition saw some rule changes as well as new modules.

“It can be challenging to prepare for the modules outside of our curriculum,” he said.

“It’s up to the students, with this group taking the initiative to form a team and equip themselves for the competition.”