GUST, EQUATE award win­ners in MEGlobal Case Study 2016

Kuwait Times - - FROM THE ARABIC PRESS -

Gulf Uni­ver­sity for Sci­ence and Tech­nol­ogy (GUST) and EQUATE Petro­chem­i­cal Com­pany, a global pro­ducer of petro­chem­i­cals, awarded the win­ners of the an­nual MEGlobal Case Writ­ing Com­pe­ti­tion 2016 to develop the aca­demic and sci­en­tific com­pe­ten­cies of stu­dents. MEGlobal is a wholly owned sub­sidiary of EQUATE and the com­pe­ti­tion is part of EQUATE’s Sus­tain­abil­ity Pro­gram. This is the fourth time this com­pe­ti­tion has been con­ducted with GUST.

The judg­ing panel in­cluded EQUATE Se­nior VP and MEGlobal Pres­i­dent Dr Ramesh Ra­machan­dran, MEGlobal Vice Pres­i­dent of Projects Dr Sal­man Al-Ajmi, as well as GUST’s Vice Pres­i­dent for Aca­demic Af­fairs Dr Salah AlSharhan and Head of Mass Me­dia Depart­ment Dr Fa­hed Al-Su­mait.

Dr Ra­machan­dran said, “Ed­u­ca­tion and pro­fes­sional devel­op­ment are key el­e­ments in EQUATE’s Sus­tain­abil­ity Pro­gram. This com­pe­ti­tion is an op­por­tu­nity for the stu­dents to an­a­lyze hy­po­thet­i­cal cases that re­flect po­ten­tial chal­lenges they will face in in­dus­try and put the­o­ries and ideas into real-life prac­tices. Every year, the stu­dents have dis­played their an­a­lyt­i­cal abil­i­ties, strate­gic abil­i­ties and cre­ative think­ing. EQUATE and MEGlobal are proud to be as­so­ci­ated with GUST and have al­ways been im­pressed by the qual­ity and the abil­i­ties of stu­dents in Kuwait.”

Mean­while, As­sis­tant Pro­fes­sor at GUST Col­lege of Busi­ness Ad­min­is­tra­tion Dr John Hayes said, “Strate­gic think­ing and the abil­ity to ap­ply it are key com­pe­ten­cies within the cor­po­rate world. As ev­i­dent from the high num­ber of par­tic­i­pants in this com­pe­ti­tion, the stu­dents are en­thu­si­as­tic about ap­ply­ing their the­o­ret­i­cal knowl­edge to de­vise real-life so­lu­tions for ac­tual en­ter­prise-based chal­lenges. GUST firmly be­lieves in en­cour­ag­ing and nur­tur­ing the strate­gic di­rec­tion and orig­i­nal think­ing in our stu­dents, which are key el­e­ments for pi­o­neer­ing cor­po­ra­tions, such as EQUATE and MEGlobal.”

The com­pe­ti­tion in­cluded the par­tic­i­pa­tion of a num­ber of teams from GUST. Five teams, con­sist­ing of un­der-grad­u­ate and MBA stu­dents, were se­lected for the fi­nals and de­vel­oped the case stud­ies. At the be­gin­ning of the com­pe­ti­tion, MEGlobal pro­vided a num­ber of cases for the stu­dents to use in the com­pe­ti­tion. The case stud­ies cov­ered mar­ket­ing/sales, fi­nance, hu­man re­sources and man­age­ment. The stu­dents were guided by Dr Hayes, who is a renowned au­thor and re­searcher, to pro­vide in­no­va­tion-based strate­gic busi­ness so­lu­tions to ac­tual chal­lenges.

The par­tic­i­pants com­peted for fi­nan­cial prizes to­tal­ing KD 6,000 that were awarded to the five teams. The awards were KD 3,000 for first place to one team, KD 2,000 for se­cond place split be­tween two teams and KD 1,000 for third place di­vided be­tween two teams. The win­ning teams were awarded by Petro­chem­i­cal In­dus­tries Com­pany (PIC) CEO Mohammad Al-Farhoud, EQUATE Chair­per­son and PIC Deputy CEO for Olefins and Aro­mat­ics Hos­nia Hashim, as well as Dr Ra­machan­dran.

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