High-Stakes Business Challenge
Leder Students Bring Solutions to the City During Construction in Internal Case Competition
Our internal case competition this year focused on the loss to businesses due to city construction. We partnered with the City of Edmonton to create a case where our students could come up with solutions for the City of Edmonton and small businesses around the city to manage the loss they face when there is construction.
As a frequent small business visitor, I often see a blocked road or lots of construction and it immediately turns me in the opposite direction. Often times I don’t even bother trying to get to the final location if there is lots of construction. So, the city and small businesses wondered, how we can come up with a solution to aid small businesses who are struggling due to the lengthy construction time periods.
Seven teams were formed, and they got to work interviewing businesses, looking at other cities who have programs in place to reduce the impact on small businesses, and creating a solution. All the teams had awesome ideas, but one team truly had a good understanding of a way to mitigate the impact. Faith Carnegie, Diquita Cardinal, Jenae Charlebois, and Deserinque Ricketts, decided on creating a Construction Mitigation Program. This would involve having communication and public meetings so that construction workers, business owners, and customers could have a voice in what would help to minimize construction disruption. The program would also include free advertising around the city for particular businesses in construction zones. A few more perks to the program would be partnering with underground parkades to provide additional free parking, street art, and grants for businesses facing long term construction. Finally, the program would have program liaisons who would be in charge of communicating with the businesses to keep updated on the struggles they are facing and find ways in attempt to resolve the issues.
It is great to have the opportunity for our students to help solve, real-life and current issues. A big thank you to the City of Edmonton for partnering with us and a congrats to all the teams who came out and participated. We are looking forward to what next year’s case might bring!
Inviting all future Business Students!
High-Stakes is an original game that can only be described as a mix between fear factor and monopoly. If you like fast paced decision making, meeting new people, taking risks and winning awesome prizes...this event is for you.
Your first challenge will be to turn your team into a business, which can be done by coming up with a creative name. Then your business will have to decide on whether you want to accept challenges in hopes of winning over investors or draw chance cards. Chance cards have the potential to triple the value of your company or completely bankrupt you. So be careful…but not too careful, after all business is for those who take risks.
If you're considering coming to King's to study business this event is a great opportunity to meet current students, alumni and professors.
When: June 10th 3-5:30
Where: The King's University
Will there be pizza: Yes!
RSVP to firstname.lastname@example.org
Check out our Facebook page for more details.