A team of graduate students studying at the program ‘International Management’ of the IBS RANEPA, along with the students of the Institute of Law and National Security, has won the international case championship ‘Biomass India Sustainable Supply Chain Competition’. The team members were Ilya Rogachev, David Maksadov, Temirlan Makhanov and Ayrat Latypov.
The championship was organized by one of the leading Indian business schools, Woxen University, in partnership with Biomass India (BMI), the leading organization in the biomass recycling industry. BMI is a partner organization for state governments and businesses that want to abandon the practice of burning agricultural waste and are willing to invest in ecosystems that ‘turn waste into value’ in their regions.
The participants had to analyze the Tetra Pak value chain strategy and generate recommendations for the development of the Tetra Pak recycling company in China.
‘The judges were impressed by the students’ erudition, which proves the quality of the IBS’ education quality. We are happy to continue partnership with the IBS and we hope to cooperate on different initiatives’, highlighted Pritam Reddy, the Representative of the International Strategy Advisory Board (ISCB) at Woxen University.
‘The task of the case was to study the Tetra Pak supply chain in China and to suggest ways for its improvement. In four hours, we have researched the case problematics and prepared our recommendations for the recyclables supply chain upgrade. The recommendations have the potential to increase the recyclability percentage of tetrapacks from 28% to 46%’, said David Maksadov.
‘As a part of the task we evaluated each initiative according to two indicators, which are the complexity of implementation and the potential of this initiative to achieve the goal of the case. We used the experts’ guidance and data from open sources’, Ilya Rogachev, a student, shared details about the work accomplished.
‘I believe that sustainable supply chains are crucial for the long-term success of the business. By integrating sustainable development into our activities, we can reduce the negative impact on the environment, increase efficiency and create value for all involved stakeholders’, said Temirlan Maksadov, a team member.
Maria Bernshtein, the Director of the English-language Master’s program ‘International Management’ of the IBS RANEPA, has pointed out that the championship wasn’t the first experience of participating in international competitions for students studying at the program. ‘Despite the difficult situation in the world, the Master’s program allows to continue international partnerships and maintains student activities aimed at acquiring unique skills of cross-cultural communication and experience of solving up-to-date business problems internationally. Undoubtedly, the fact that the program ranks 12th in the world out of the 100 best Master’s degree programs in management in the Financial Times ranking contributes to development in this direction. As part of our Master’s program, students participate in international projects, such as Business with Social Impact in Emerging Markets (BSIEM), implemented jointly with universities of Brazil, Colombia, Mexico and India, or within the framework of cooperation of the Consortium of Innovative University, which includes, in addition to the IBS RANEPA, universities in China, South Africa, USA, Hungary, Brazil. Thus, by enrolling in the program, MIM students become members of the international elite business community and gain a team of like-minded people’, Maria Bernstein said.