High school students find ways to solve business problems

Student Shun Abe (Japanese) and friends from BIS International School HCMC presented their ideas - Photo: NGOC PHUONG

The "Vietnam Business Innovation Challenge 2024" (VBIC) is an intellectual playground for high school students with a passion for business. Participating in the competition, students from home and abroad will come up with good ideas for businesses.

Students solve problems from real business data

The final round has 13 teams, students will receive real data from Land Rover Vietnam (a British luxury off-road vehicle brand), then come up with strategies and directions to help businesses operate effectively.

It is known that in previous rounds, candidates also received actual data from Vietnam Dairy Products Joint Stock Company ( Vinamilk ) and Hong Hac Drama Theater (HCMC).

Dr. Phan Hoang Lan - Director of the Center for Entrepreneurship and Innovation, Fulbright University Vietnam - said that although it was the first time the competition was held, it still attracted many students from both within and outside the country to participate.

"Not many businesses in Vietnam really trust young people, especially high school students. Therefore, we call on businesses to be open and willing to give them opportunities to have real data, from which they can create ideas.

At the same time, we invite experts in the fields of business development, marketing, finance, sustainable development, innovation, etc. to support the knowledge of the students when participating in the contest," Ms. Lan added.

"By participating in problem solving, you will understand the difficulties of businesses and from there come up with corresponding solutions. Letting young people approach real-life problems is very important. If they only learn theory, it will be difficult for students to quickly approach business problems. When they learn early, they will gain more experience."

Dinh Vu Minh Tuan's group of friends (students of Vinschool The Harmony) came up with ideas for the final round - Photo: NGOC PHUONG

More opportunities to access new knowledge

Shun Abe (a Japanese student studying at BIS International School, Ho Chi Minh City) said that by participating in the contest, he gained more knowledge about economics and experience in business activities.

"I learned many skills such as research, teamwork, presentation, and public speaking. As a 10th grade student participating in the contest, I also encountered many challenges and difficulties in coming up with general ideas and finding information about the topic.

But the judges' comments were very objective and these tips helped us gain a broader perspective in the business field," Shun Abe added.

Dinh Vu Minh Tuan (student of Vinschool The Harmony, Hanoi ) said he was very happy and surprised to make it to the final round.

"We learned how to analyze a company's financial performance, its strengths and weaknesses, and what needs to be overcome to help the company grow further. However, we still lack ideas to come up with solutions and benefits for businesses," Tuan said.

"This is the first time I have participated in the competition. We have many opportunities to access new knowledge, face challenges that high school students have never thought of, and learn how to solve problems creatively. Participating in the competition, I got to know many friends, and learned many perspectives from other groups."

780 candidates from 10 different countries

The contest "Challenge to solve real-life problems of enterprises in 2024" is organized by Olympia High School in collaboration with Fulbright University Vietnam.

Launched in January 2024, the competition has attracted more than 260 teams with more than 780 contestants from countries and territories such as Vietnam, Australia, USA, Japan , Qatar, Hong Kong, Germany...

Source: https://tuoitre.vn/hoc-sinh-thpt-tim-cach-giai-bai-toan-cua-doanh-nghiep-20240407173237898.htm