MUN business students win national competition

For the third time in four years, four master of business administration students from Memorial University of Newfoundland captured the first place in the 1991 national MBA case competition championship.

The team, consisting of Pam (Hicks) Elliott of Corner Brook; Cheryl Gallant of Stephenville Crossing and Kathy Lush Coleman and Karen Quinton-Appleby, both of St. John’s, successfully defended the national championship won by Memorial in 1990.

[img_assist|nid=745|title=|desc=MUN’s winning team in the 1991 National MBA Case Competition Championship are, from left (front) Cheryl Gallant of Stephenville Crossing; Pam (Hicks) Elliott of Corner Brook; Karen Quinton-Appleby and Kathy Lush-Coleman, both of St. John’s; (back) Peter Chafe, team alternate; Dr. Richard Barth, Associate Dean; and Dr. Alex Faseruk, associate professor of finance and Glen Rowe, lecturer, team coaches. |link=none|align=center|width=640|height=441]

MUN first won the national championship in 1988. The 1989 team finished second.

McGill University and the Université de Québec à Montréal are the only universities to have won two championships. Memorial’s five appearances in the final round of three teams is also a record.

Eighteen teams, representing some of the best business schools from across Canada, competed in the 10th annual competition, hosted by Concordia University in Montreal.
The MUN team was coached by Dr. Alex Faseruk, associate professor of finance, and Glenn Rowe, lecturer.

“This competition is not an easy one to win,” says Dr. Faseruk. “This year it seemed that every other competing university was out to beat Memorial.”

He added that the “competition was intense and our team members were under a great deal of pressure. They were at all times excellent ambassadors of the university.

“Memorial’s prestige has been greatly enhanced not only by the maturity and professionalism of the team but also by their friendliness, said Dr. Faseruk.”

The teams in the final round were given three hours to provide a consultant’s report to solve a number of key business problems. These solutions were presented to a simulated board of directors for the company comprised of Montreal-area business executives and managers.

The University of Saskatchewan placed second and the University of Toronto came in third place.

The winning team was presented with a $2,000 Bank of Montreal scholarship, to be equally divided among members.