Alpha Kappa Psi wins business competition Saturday in Chicago
A team from Alpha Kappa Psi took first place in a regional business competition held Saturday in Chicago.
The team, from Central Michigan University's co-ed business fraternity, took first place overall in the competition, defeating all other teams in the East Central Region, including those from the University of Michigan, Michigan State University and Indiana University. The team won $1,500 to split among the three participants. This is the first time a team from CMU placed in the top three.
Three of the fraternity’s members, Greenville senior Magenta Eggertsen, Northville sophomore Alex Kanya and New York senior Paulina Lee (a Central Michigan Life staff reporter), participated in the conference, named The Principled Business Leaders Institute.
The students were given a case study of a Swedish hotel facing financial difficulties and had to determine whether the hotel should remain private or franchised. The team had to give a 20-minute PowerPoint and participate in 10-minute question-and-answer segment after their presentation.
Kanya, a first year participant, said winning the competition was a surprise for the fraternity.
"This is our first time winning; we considered ourselves underdogs." Kanya said. "We were going up against several prestigious colleges and we didn't expect to win."
Kanya said the team faced several challenges in participating in the competition.
"Just wrapping our heads across the entire case was challenging." Kanya said. "We didn't know that much about hotels as a team, and we really had to learn a lot from the ground up."
Two professors of marketing and hospitality services administration, Eugene Roh and Michael Garver, were advisers to the team, and participants agreed their involvement was crucial in the their success.
Roh said he felt honored to be asked to advise the team.
"I contributed my knowledge, my time and my expertise in the project," Roh said. "I could have just said 'no,' but the students involved were enthusiastic and dedicated, and I really felt that it was worth my time to work with them. It was an absolute pleasure working with these students."
Eggertsen said the win was important for the standing of Alpha Kappa Psi.
“The win was motivational for us,” Eggertsen said. “It told us that our fraternity is important; that we have something to offer.”