A student team from the Faculty of Economics and Business, Universitas Gadjah Mada (FEB UGM), achieved remarkable success by winning two awards at the SxC Grand Impact Business Case Competition 2024, held online on Nov. 23, 2024.
In addition to securing the title of 2nd Runner-Up, the team, Hyena Jogja, also received the Best Paper award.
Hyena Jogja comprises Ivan Hiumawan (Management 2023) and Anne Grace Pardosi (Accounting 2023).
Ivan Hiumawan explained that their team competed against dozens of teams from various universities across Indonesia to earn these achievements.
The competition required participants to progress through the preliminary and final presentation stages.
In the preliminary stage, participants were tasked with drafting a paper that included an in-depth analysis of the company’s condition, profile, proposed solutions, and conclusions.
The analysis considered internal and external aspects, as well as risk mitigation.
“In this competition, participants were asked to address a real-life case involving cash flow issues within a company. The case simulated a company facing a payment gap between its customers and obligations to suppliers,” Hiumawan explained at FEB UGM on Wednesday, Dec. 4, 2024.
According to Hiumawan, this payment gap resulted in unhealthy cash flow, prompting teams to devise strategic solutions.
Hyena Jogja presented an innovative approach emphasizing customer payment efficiency and more optimal debt management.
The final stage, an online presentation, posed a unique challenge for the team. Despite their nerves, Hiumawan found the competition a valuable first-time experience.
“This was our first time presenting in such a prestigious competition. We felt nervous and even blanked out when answering the judges’ questions. Imagine presenting in only 10 minutes — we had to deliver our ideas concisely and clearly,” he shared.
Despite the pressure, Anne Pardosi expressed gratitude for Hyena Jogja’s ability to perform at their best and earn high praise from the judges.
The team also faced personal challenges, including health issues, during the competition process.
“This was a major hurdle when drafting the paper. Even though it was tough, we supported each other and ultimately achieved satisfying results,” Pardosi added.
Pardosi highlighted the significant role of FEB UGM in their success.
The team received mentoring facilitated by the Career and Student Development Unit (CSDU) under the guidance of their faculty advisor, Professor Mamduh M. Hanafi.
“We are grateful for the support throughout the competition process. Professor Mamduh Hanafi provided invaluable insights, particularly in preparing a comprehensive and integrated analysis and solution,” said Pardosi.
Reporters: FEB UGM/Orie Priscylla & Kurnia Ekaptiningrum
Author: Agung Nugroho
Post-editor: Lintang