ACCA Hong Kong Business Competition 2023
The ACCA Hong Kong Business Competition 2023 provided an opportunity for students to demonstrate their business analysis and problem-solving skills by assuming the role of business consultants for start-up companies – Filix Medtech, MakeOmnia, and R2C2 from Cyberport Hong Kong with a focus on sustainable solutions.
The theme for this year’s competition is “Be you. Be part of future unicorn.” Over 250 students were presented with real-life business cases and challenged to provide strategic recommendations using their accounting and business knowledge to address the challenges faced by the start-ups. An online briefing session was held to support students to gain a deeper understanding of the operations of the selected start-up companies.
Students were required to submit proposals outlining innovative solutions on a randomly assigned business cases. Top 9 teams were shortlisted to join a professional workshop and coach meeting supported by ACCA-qualified professionals before presenting their proposals at the final competition. Three winners were selected from the finalists of each stream, and the three stream winners then competed for the grand champion.
3 teams of HKU students won 4 awards including Outstanding Team Award for start-up Filix Medtech, Merit Team Awards for start-up MakeOmnia and the Team Excellence Award.
Website / Image URL:
https://www.accaglobal.com/hk/en/student/support-students/hk-business-competition-2023.html
Faculty Advisor:
Dr. Winnie Leung
HKU Teams
Outstanding team and award(s):
Outstanding Team for start-up Filix Medtech (First in Stream Filix Medtech)
Team Excellence Award
Team Name: exCEL
Awardees:
Ms. Lam Tsz Yan, BBA(Acc&Fin), Year 3
Ms. Wu Hong Ni, BBA(Law)&LLB, Year 3
(The team comprises 1 other team member from other Faculty of The University of Hong Kong)
Award(s):
Merit Award for start-up MakeOmnia
Team Name: Polygon
Awardees:
Ms. To Shu Kiu, BBA(Acc&Fin), Year 3
(The team comprises 2 other team members from other Faculty of The University of Hong Kong)
Award(s):
Merit Award for start-up MakeOmnia
Team Name: Planify Consulting
Awardees:
Mr. Kwan Chun Ho Owen, BSc(QFin), Year 4
Mr. Li Yi Sen, BBA(BA), Year 2
Ms. Fong Kwai Yi, BEcon&Fin, Year 3
(The team comprises 1 other team member from other Faculty of The University of Hong Kong)
Students Sharing from Outstanding Team for start-up Filix Medtech:
“Joining the ACCA Business Case Competition was a game-changer for me. My teammates, Connie, Iris and I had to work on a B2B2C strategy for Agarwood products for a trailblazing start-up, Filix Medtech, which made us think hard and get smart about the business world.
We had to dig into market research, check out what the company was doing, and get creative with our solutions. This made us better at understanding how businesses work. We also got a real feel for what customers want, how to get products to them, and the return of the whole project to our investors.
Working together as a team helped us get better at working with others and sharing our ideas clearly. The competition atmosphere was exciting, too! I also got to meet experts and participants from other universities. This has grown our network and could lead to cool opportunities in the future.
Overall, this competition was so much more than just trying to win. It gave us new skills, a lot of confidence, and a real respect for how complex business can be. Getting to put what I have learned in school into action was an awesome part of my learning journey.”
(By Lam Tsz Yan, Emily)
“Joining the competition with my friends, Iris and Emily, fulfilled my university life and empowered me to be more prepared for the challenges in my future career. The competition not only provides a platform for us to showcase skills and knowledge but also allows us to contribute to the advancement of sustainable business practices.
The process of the whole competition is tough but rewarding. We dedicated countless hours to setting strategy and fine-tuning our presentation. Through numerous practice sessions, we honed our public speaking skills, and our confidence grew. Our team devoted significant time and effort to improve our performance, like our team name, “exCEL”. The final pitching session gave us a great sense of satisfaction and encouraged us to keep fighting.
This once-in-a-lifetime case competition experience taught me invaluable lessons that extend beyond the realm of academia. I learned the importance of teamwork and effective communication. The experience also highlighted the significance of thorough research, innovative thinking, and the ability to adapt to changing circumstances. It instilled in me a sense of confidence and reinforced my belief that with dedication and perseverance, any challenge can be overcome.
The honour is truly meaningful to our team and I would like to express my heartfelt gratitude to my teammates, our mentor Miss Rebecca Fox from Alipay HK, and the organiser ACCA.”
(By Wu Hong Ni, Connie)
