Students of S-1 Economics and Accounting, S-2 MM FEB UI Class of 2020 and 2021 Won Three Champions in Gadjah Mada Business Case Competition
Nino Eka Putra ~ Public Relations FEB UI
DEPOK – (22/7/2022) Students of S-1 Economics and Accounting, S-2 Master of Management (MM) Faculty of Economics and Business, Universitas Indonesia (FEB UI) class of 2020 and 2021 won two awards in the Gadjah Mada Business Case Competition (GAMA BCC) with the organizer of the Alumni Family of the Faculty of Economics and Business, Gadjah Mada University (KAFEGAMA). The Slagen team won second place, the Livicha team won second place, and the Three M team won third place. The winners were announced at Bidakara Hotel, Jakarta, on Friday (22/7).
GAMA BCC is a national-level competition for university students throughout Indonesia to have a broader knowledge of business practices in the agricultural industry, thus encouraging the improvement of the food chain in Indonesia. In addition, building relationships with various universities and practitioners as mentors and trainers who provide new insights.
The competition aims to (1) encourage students’ knowledge of business principles, concepts, and practices; (2) support students’ creativity and critical thinking in solving business problems and business sustainability; (3) encourage students’ knowledge, reasoning skills, and non-technical skills; (4) bridge the gap between theory and practice; (5) encourage students’ ability to organize and present original ideas.
The requirements that must be met to participate in GAMA BCC are active S-1 and S-2 students from universities throughout Indonesia, as evidenced by an introductory letter; for the S-2 category, the maximum age is 30 years old in January 2022; attach a Curriculum Vitae (CV) and Student Identity Card (KTM) at the time of registration. GAMA BCC participants totaled 118 teams for the S-1 category and 41 for the S-2 category.
The first award was won by the Slagen Team consisting of Anastasia Yolanda, Deanna Peramesty Wijaya, and Nabhan Ibrahim Ahmad, who won second place. This team was able to get the champion because it discussed the decision of PT Pupuk Kaltim to reduce gas emissions to support the government’s target of achieving net zero emission using carbon capture storage, with the title “Step Forward of PT PKT Doing Related Diversification Strategy in CCS to Achieve Net Zero Emission by 2030”. The paper explains that from the external side, Carbon Capture Storage (CCS) needs to be balanced with the government’s optimization of the constitution and implementation of the use of clean energy in society reliably and sustainably to achieve equal distribution of lifestyles and gaps where the construction of CCS will achieve the success of the 3 Sustainable Development Goals (SDGs). On the inner side, in business feasibility, CCS has an NPV value of IDR 13.088T, IRR of 43.82%, and a payback period in 2 years and one month. Data obtained from ditjenppi.menlhk.go.id, Ministry of Energy and Mineral Resources, climateactiontracker.org, The World Research Institute data, and PT PKT internal company data.
According to one of the Slagen Team representatives, Nabhan said “The next step for our team after receiving this award is as a form of appreciation and evaluation. We are further for the competition that will be followed next. An award is just an award, but the most important thing is how our team’s analysis and ideas can help to advance the Indonesian economy in the future. Together we help the Indonesian agricultural sector to be more advanced!.”
The second award was won by the Livicha Team consisting of Aliya Izet Adrianto, Evita Sonny, Richard William, who were crowned second place. This team won the championship because they presented a problem or business opportunity from PT Pupuk Kaltim (BUMN agribusiness). Data were obtained from cases and allowed to use supporting data from credible sources.
Richard from the Livicha Team said, “Considering that we are already in the last semester, after this, each of us will focus on completing our studies and thesis or research. Hopefully, the experience at GAMA BCC can be a provision for our future studies and careers.”
Team Three M won the third award, consisting of Meliani Nababan, Mutiara Putri Sihombing, and Mohammad Iqbal, who was crowned third place. The team won the award for presenting the business case “Net Zero Emission How Low Can You Go?” by analyzing how to reduce carbon emissions with business innovation. The data obtained came from financial reports, annual reports, sustainability reports of PT Pupuk Kaltim, and various papers that have been published to support business proposals.
One of the Three M Team, Mutiara, said, “Participating in GAMA BCC was a new experience because we met great people who inspired us. Later, from this victory, we will join a new competition. However, we will focus on our thesis proposal first.”