USAID | Smith School Global Challenge PDF Print E-mail
Monday, 22 February 2010 10:04

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Not a case competition.  Not a business plan competition.

The Global Challenge is a unique opportunity to devise an entirely new public-private alliance--one that will allow a private enterprise to contribute to international development initiatives in a specified region. This event is being held in the spirit of President Obama’s Global Engagement,
which seeks to address development challenges by engaging and empowering local stakeholders.

We invite MBA and graduate students from across the nation to employ their creativity, research skills, business acumen and passion for seeking solutions that advance growth and reduce poverty.

Cash Prizes
Teams will vie for three cash prizes: $5,000 First Place,$2,500 Second Place, and $1,000 Third Place.

Teams will have the opportunity to connect with leading experts in the international development and business communities, receive guidance and build invaluable relationships with other students.

Winning teams also will have their work published and distributed to international development professionals around the world.

 

In 2008, nearly 80 percent of total resource flows to the developing world were from private sources.
                       (Hudson Institute, 2008)
Now, more than ever, the private sector plays a critical role in international development.  We are looking for new ideas and fresh perspectives on how companies can best address the needs of the developing world.

Register today!
Registration will be open from January 19 to February 5, 2010.

Challenge Format
The Challenge is divided into two rounds:

Round One
In response to the Challenge prompt (distributed via e-mail to registered teams on February 8, 2010), each team will submit a written document that proposes a public-private alliance that can support both the private enterprise's long-term profit motive and the host community/country’s development agenda.  Submissions will be judged by a panel of experts. For more on the judging criteria, see Rules & Eligibility.

Final Round
Up to eight teams will be invited to participate in a live oral competition at USAID headquarters in Washington, D.C. on April 23, 2010.  Judges will include representatives from USAID, industry-leading private sector companies, and academia.

The Global Challenge is brought to you by USAID’s Business Growth Initiative and the Smith School’sCenter for Social Value Creation and Center for International Business Education and Research.

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Food for Thought

A competitive and vibrant post-secondary educational system in any country is a critical precursor to ensuring that the workforce of tomorrow will possess the knowledge, skills, and attitudes necessary to create and manage new businesses, to privatize and restructure existing enterprises, and to regulate business activity effectively-all elements of a robust private sector.
 
-"Assessment of Graduate Management Education", William Davidson Institute, University of Michigan Business School (2003)