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The DeVille School of Business Announces Business Plan Competition Winners

What's New, 2012-04-16

On April 13, four MBA students, Ed Arison, Tim Coyne, Randy Humes, and Diana Johnson, were the first place $1000 winners of the first-ever Walsh University DeVille School of Business, Business Plan Competition. This past semester, students were invited to create their own business plan and compete for a chance to win more than $2,000 in prizes to jump start their own business on campus. The competition was open to all Walsh University students to develop a sustainable, student-run business plan which would then be developed into a fully functioning business.

The winning business plan was for the development of a community-wide tutoring program for area high school students in the need of academic assistance. The participating students would be tutored by current Walsh students in the areas of math, English and Science.

There were a total of 40 business plans submitted. An internal judging committee narrowed the plans down to the top three teams, who then presented to an esteemed panel of judges comprised of Walsh board members Judith Lancaster, Dennis Biery and Paul Ruflin. The judging was based on the marketability of the idea, organization and presentation of the written and oral presentation, and whether the business idea was well-aligned with Walsh's mission of creating leaders in service to others. The judging ceremony took place this past weekend in a format similar to the television show Shark Tank, where the three teams pitched their business ideas and the judges collaborated on the spot to decide which team to invest in. The other two teams' business plans related to an on-campus laundry service, and a Walsh University discount "fun" card.

"All of the teams gave strong presentations which resulted in a real challenge to our judges" said Dr. Carole Mount, Dean of the School of Business. "We are pleased that the winning business plan will provide a valuable service to our community, allowing our students to demonstrate the leadership in service to others that is a hallmark of our student preparation. Students and faculty are already excitedly preparing for next year's competition."