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REGIONAL CASE ANALYSIS COMPETITION SPONSORED BY FIRSTCARIBBEAN - A FIRST FOR UWI

Bridgetown, Barbados, May 22, 2007, - Under their second three-year accord signed on October 30, 2006, The University of the West Indies and FirstCaribbean International Bank have made a firm commitment towards facilitating the advancement of knowledge and understanding of issues affecting business, trade and financial services in the Caribbean.

To demonstrate this commitment, the University and the Bank will be involved in another major history-making event when the 2007 Case Analysis Competition is hosted by the Cave Hill Campus on May 22nd at 5:00 p.m. in the CLICO Centre for Teaching Excellence.

The hosting of the event has become more significant as the competition has been spread to include all three campuses of The University. The event was first held in 2005, with participation of teams of students from the Cave Hill Campus only. Since that time UWI and FirstCaribbean International Bank have worked together to widen the scope of the competition to reflect the mandate of both institutions.

2007 Competition


Fifteen students comprising three teams of five students each will be taking part in the finals, expected to be keenly contested, given the rich history of excellence in debating at the regional University.

To further support this year’s initiative, being spearheaded by the UWI’s Department of Management Studies & Business Development Office, with support from the Bank, a blueprint was developed for the hosting of the regional competition that is expected to become a key feature of the University’s calendar. It is further envisaged that, ultimately, the competition will be further expanded to become an international event.

In preparation for this year’s activity, the Cave Hill Campus has integrated this case study into its curriculum offering in Human Resources Management for level two students. Students will therefore have the opportunity to put classroom theory into practice while evaluating a regional case that focuses on recent organisational issues and events.

Awards

Over US$5,000 has been allocated for the award of prizes and other incentive awards as part of the competition. Teams will be vying for the prestigious University of the West Indies/FirstCaribbean International Bank Challenge Trophy, while a number of individual prizes will also be at stake.

Pre-competition Workshop

FirstCaribbean International Bank has also worked closely with the University to help students become competition-ready. On May 21, the day before the competition, the finalists will take part in a presentation skills workshop, the content of which has been specially developed by the Bank’s Learning and Development Unit. The workshop is being conducted by Ms. Suzanne King, Regional Training Manager, Personal and Leadership Development at the Bank.

Funding for the regional case analysis competition is being provided by the FirstCaribbean International Comtrust Foundation, the registered charity which implements the Bank’s overall corporate and social responsibility strategy.

Background to Competition

The Case Analysis Competition is a direct result of the Case Study Development Project, a component of the first Memorandum of Understanding signed in 2003, which involved the researching and writing of a series of cases related to the merger of Barclays Bank PLC and CIBC. This project was spearheaded by Professor of International Management and Head of the Department of Management Studies on the Cave Hill Campus, Betty Jane Punnett and drew on faculty from the Management Studies departments across all three campuses. The cases, which cover the disciplines of human resource management, management information systems, business strategy and policy and marketing, were completed and published in collaboration with the University of Western Ontario’s Ivey Business School, who distributes them to universities through Ivey Publishing system worldwide, ensuring that they remain key resource materials for undergraduate and postgraduate students across the disciplines throughout the region and beyond.

The UWI and FirstCaribbean agreed to launch the cases by hosting a competition to build and reward the skills of students of the University in business case analysis. To this end, students of Cave Hill’s summer course in Business Strategy were selected to be the pioneers of the competition, held in 2005. This year, another case developed out of this research, Harmonisation of Compensation and Benefits for FirstCaribbean International Bank, will be used as the subject matter to be debated among the teams.
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