RALEIGH, NC /JUNE 23, 2014 — High school students from the RTP region competed this last weekend in the National Black MBA Association, Inc. (NBMBAA) 13th Annual Leaders of Tomorrow (LOT) Business Case Competition. This annual competition offers a total scholarship pool of $30,000 for the top three teams.
The Durham-Raleigh NBMBAA chapter LOT students placed 10th this weekend out of 26 teams across the nation. The team analyzed an MBA-level business case, and presented their findings to corporate executives and business school faculty at the event. The event was held at The Ohio State University Fisher School of Business.
Minority students from Atlanta, Boston, Central Florida, Chicago, Dallas, Detroit, Washington D.C., Greater Harrisburg, Greater Hartford, Houston, New Jersey, Philadelphia, Raleigh Durham, San Francisco, South Florida, St. Louis, Toronto, Twin Cities and Westchester, were judged by senior executives with over 15 years of experience on quality of presentation, creativity, case analysis, feasibility of recommendations, effectiveness of recommendations, questions and answers, and business case assignment details.
The program has proven to be highly effective by showing that minority high school students, at-risk or otherwise, can perform at up to three times their peer group given an intensity of resources, guidance and adults who set the bar extremely high in terms of expectations and accountability.
Teams were mentored and coached by NBMBAA local chapter members on how to leverage tools used by business executives – such as a SWOT analysis, a planning approach that identifies the strengths, weaknesses, opportunities, and threats involved in a business case, and “Porter’s Five Forces,” a blueprint for industry analysis and strategic development, to evaluate industry competition.
Marion Johnson, Director of the Leaders Of Tomorrow program for the Durham-Raleigh NBMBAA , and mentor for the business case competition team for the RDU-Chapter of National Black MBA Association indicated he was “very proud of all 33 students who participated in the LOT program throughout out the year. I am particularly proud of the 5 students selected to represent the RDU-Chapters LOT program at the business case analysis competition. Students work extremely hard over a 3-month period to learn MBA level concepts and apply them to real world business situations,” he indicated.
This years presentation students included:
- Jennifer Richards 10th grade
- Marisa Bishop 9th grade
- Nick Conde-Palmer 12 grade
- Bryan Hager 9th grade
- Isaiah Forte-Rose 10th grade
About the National Black MBA Association, Inc. Leaders of Tomorrow (LOT) Program – Since 1992, the National Black MBA Association has provided mentors who coach students on a consistent basis in college preparation, academic success, leadership, public speaking, social engagement, networking, and goal setting to develop discipline, set and achieve high academic standards, and implement ways to serve their communities.
- Over 8,000 minority high school students have been mentored through LOT
- LOT operates in more than 30 U.S. cities, Canada, and the United Kingdom
- More than 95% of LOT graduates enroll in college
- More than $2 million in scholarships and programming support has been provided by LOT and its partners.
About the National Black MBA Association, Inc. Established in 1970, the National Black MBA Association (NBMBAA) is dedicated to developing partnerships that result in the creation of intellectual and economic wealth in the black community through its five channels of engagement; education, career, leadership, entrepreneurship, and lifestyle. With 40-plus chapters, a membership base of more than 9,500 and more than 450 corporate partners, the NBMBAA provides access to its constituents through services such as the Annual NBMBAA Conference; Local Empowerment Initiatives; and other programs. For more information about the LOT program, and the case competition, visit www.nbmbaa.org/LotCaseNew or visit www.nbmbaa.org.