ORLANDO, Fla. – In competition with MBA students from across the country, two student teams from the UCF College of Business won the Small Business Institute’s (SBI) Project of the Year competition, taking first place in the 2019 ‘Graduate Specialized’ category and Honorable Mention in the 2019 ‘Graduate Consulting Project’ category.
Students Alan Bashy, Sabbithry Persad and Scott Stambaugh won first place in the ‘Graduate Specialized’ category on the strength of their consulting project for a local company, CE Avionics of Sanford, FL. The company, a leader in avionics repair and installation, received the team’s assistance in the form of an in-depth marketing plan which provided full industry and competitive analyses and an implementation plan for penetrating a new market, including pricing and promotional strategies.
The team of Shardeh Berry, Kasimu Greenidge and Hannah Gehring were awarded an Honorable Mention in the ‘Graduate Consulting Project’ category for their consulting work for Winter Springs, FL-based Tuskawilla Lawn Maintenance. The team’s report included an outlook of current industry conditions, in-depth financial analysis, and recommendations for improving the organization’s systems and processes. Both teams worked with faculty advisor Dr. Carl Blencke as part of a management class.
“Congratulations to our students who won this prestigious recognition,” said Ron Piccolo, PhD. and Galloway Professor and Chair of the Department of Management. “Our course offering utilizing the SBI program is an important educational partnership between UCF and the Florida Small Business Development Center (FSBDC) which contributes to the quality of the student educational experience at the University of Central Florida.”
The FSBDC at UCF sponsors the Small Business Institute in Central Florida and, in conjunction with the Department of Management at the UCF College of Business, manages the SBI program locally. It recruits and evaluates FSBDC clients for the program, lends FSBDC consultants as SBI case supervisors and provides a range of guidance and support. The FSBDC is part of the UCF Office of Partnership and Innovation.
“We are so pleased by the success achieved by these impressive students,” commented Eunice Choi, Regional Director for the FSBDC at UCF. “This is yet another avenue for the FSBDC at UCF and UCF itself to support small businesses in Central Florida while also introducing UCF students to the world of business consulting. It demonstrates UCF’s commitment to our community and to growing the local economy, and the FSBDC’s contribution to furthering UCF’s educational mission.”
At the UCF College of Business, SBI is a graduate‐level elective course. Students enrolled in the class provide management consulting services to local small businesses. Each student team has direct contact with the client and produces a professional case report. The report is the ultimate product of the program and is tailored to each business. Case study reports have included market research, marketing plans, competitive analysis, advertising strategy, customer surveys, strategic plans, financial analysis, human resource manuals and business plans.
The SBI Program is offered as a full-semester credit course through the College of Business Department of Management. During the semester, the student teams oversaw and implemented extensive research and analysis to determine industry best practices; met regularly to understand company processes and procedures; and performed wide-ranging analysis of business and industry strategies and performance. As a result of their efforts, the students were able to provide a comprehensive analysis and set of recommendations.
About the UCF College of Business
Established in 1968, the UCF College of Business offers degrees at the bachelor’s, master’s, doctoral and executive levels. All programs, as well as the Kenneth G. Dixon School of Accounting are accredited by AACSB International – the Association to Advance Collegiate Schools of Business. The college provides high-quality academic programs designed to give students a competitive advantage in the world of business now and in the future. Learn more at business.ucf.edu.
About the Florida SBDC Network
For over forty years, the Florida SBDC Network, the state’s principal provider of business assistance [Fl. Stat. 288.001], has nourished a statewide partnership between higher education and economic development to provide existing and emerging small and medium-sized business owners with management and knowledge resources that enable overall growth, increased profitability, and economic prosperity for Florida’s economy.
Since 2011, Florida SBDCs have provided 513,107 hours of professional business consulting to 74,669 client businesses, resulting in 252,955 jobs created, retained, or saved; $33.3 billion in sales growth; $2.6 billion in government contract awarded; $1.4 billion in capital investments acquired; and 4,159 new businesses started.
A statewide network of over 40 offices, the Florida SBDC is funded in part by the U.S. Small Business Administration, Defense Logistics Agency, State of Florida and other private and public partners. The Florida SBDC Network, headquartered at the University of West Florida, is nationally accredited by the Association of SBDCs and is a 2016 recipient of the President’s E Award for Export Service. Florida SBDC services are extended to the public on a nondiscriminatory basis. Language assistance services are available for individuals with limited English proficiency. For more information, please visit www.FloridaSBDC.org.