TEL AVIV, Israel, May 27, 2015 /PRNewswire/ --
The final round of the 11th annual Sofaer International Case Competition - SICC 2015, hosted by the Eli Hurvitz Institute of Strategic Management at Tel Aviv University's School of Management, took place on Wednesday, 20th May 2015.
The eight teams of four MBA students that competed this year in analyzing the strategy of a leading Israeli firm were from the following schools: Tel Aviv University School of Management, the host school; Judge Business School. Cambridge, UK; University of Cologne, Cologne Business School, Germany; Copenhagen Business School, Denmark; Hong Kong University of Science and Technology - HKUST; Peking University HSBC Business School, Shenzhen; Rotman School of Management, University of Toronto, Canada; Wits Business School, South Africa.
The three teams that reached the final round were from Cambridge, Peking and Copenhagen.
The firm that was the subject of this year's competition was Radiflow of the RAD Group, which provides cybersecurity services for critical infrastructures such as electricity, and the entire competition focused on the issue of cybersecurity.
The panel of judges was made up of senior business people and researchers in the area of business management from Israel and from leading universities abroad who accompanied the student teams.
The winning team from Peking University HSBC Business School, Shenzhen, received the Barton M. Biggs Award in the amount of US$10,000, presented by Mr Michael Sofaer, the representative of the donor family, at the concluding award ceremony event.
The winning team suggested that Radiflow act together with strategic partners to penetrate the Chinese market with their cybersecurity solutions for electricity and gas infrastructures.
Prof. Moshe Zviran, Dean of Tel Aviv University's School of Management, said: "The Sofaer International Case Competition is an important element in the School's global activities. Exposing the members of the teams from abroad to Israeli companies at the forefront of technology gives them the opportunity to apply the knowledge and tools they have acquired during their studies, while the company that is the subject of the competition enjoys the benefit of international brainstorming that provides them with new perspectives on their long-term business plans."
Udi Aharoni, CEO and Academic Director of LAHAV Executive Education at the School of Management and manager of the Eli Hurvitz Institute, said: "This year's event was complicated by the fact that the subject of the competition was an Israeli start-up that works with large infrastructure companies around the world. As such, penetrating global markets and the lengthy sales process involved pose serious strategic challenges. Nevertheless, the teams came up with high-quality and creative solutions, which presented Radiflow with several lines of development for immediate consideration."
Mr Yair Seroussi, Chairman of Bank Hapoalim and of the Eli Hurvitz Institute, who chaired the panel of judges of the competition, said: "Israel is a pioneer in the area of cybersecurity and the aim is for Israeli companies to continue to develop and lead the field worldwide. The winning team was chosen for its strategic analysis, which demonstrated original thinking. The panel of judges chose the vision and challenge of expansion into the Chinese market."
The judges of the final round were Dr. Michael Anghel, Chairman of LAHAV and company director, Ilan Barda, CEO of Radiflow - the firm that was the subject of the strategic case analysis, Orna Berry, Corporate Vice President Growth and Innovation at EMC Israel Center of Excellence, Yoel Esteron, publisher of Calcalist, an Israeli economics daily, Dr Chaim Hurvitz, CEO, CHealth, a private venture capital firm, Michael Sofaer, representative of the donor family, and Yair Seroussi, Chairman of Bank Hapoalim and of the Eli Hurvitz Institute.
More details appear at: http://en-recanati.tau.ac.il/Sofaer-International-Case-Competition.
Anat, Hi end Ventures - P.R
SOURCE SICC – Sofaer International Case Competition