On January 5, 2012, four teams from School of Management Zhejiang University participated in the 2012 China Business Plan Competition, which was held by the Dingman Center for Entrepreneurship (the Robert H. Smith School of Business), the University of Maryland and the Guanghua School of Management, Peking University. Our team “Tenacity,” made up of 4 undergraduates from different majors (HE Zhuoyun from Information Management and Information System 2009, WANG Yumeng from Accounting 2009, CHEN Lingyu from Human Resource Management 2009 and XU Yunxiang from Biomedical Engineering & Instrument Science), got the Grand Prize Winner and People’s Choice Winner, and won an award of $4,000. Besides, another business plan “NUANJI Site” was nominated in the final competition.

As an essential part of Maryland’s MBA students’ study tour in China and the course of Business Plan, the China Business Plan Competition has been held for six consecutive years, offering a total amount of $10,000 award for participant teams. Students from Maryland University are divided into groups of three to five to compete with teams from other universities in Guanghua School of Management, Peking University. This year, 21 teams from five universities, namely Smith School of Business, the University of Maryland (7 teams), The Israel Institute of Technology (2 teams), Guanghua School of Management, Peking University, Tianjin University, and ZJU-SOM participated in the competition. Six teams reached the finals. Our four teams demonstrated esprit de corps and the typical morale of ZJU-SOM, spoken highly by the judges.

Our School encourages students to participate in this kind of international business competitions in order to broaden their global perspectives and to communicate with students from other business schools. The School gave much support to participant teams, and teachers offered them a lot of instructions during the 2-month preparation for the competition. Although it is the first time our students have participated in this competition, it marks a good beginning for our School and our students to achieve international competitiveness.