KUALA LUMPUR, 3 April 2017 – On Saturday, after a vigorous elimination process over several weeks, PwC Malaysia declared three teams from locally-based universities as winners of the first PwC Trust Builders Challenge.
Sridharan (Sri) Nair, PwC Malaysia Managing Partner who was one of 5 Judges during the Finals, said,
“My fellow Judges and I were very impressed by the presentations and ideas these students shared. Their solutions and approaches were professional, imaginative and yet very much applicable in a real-life business context.
I’m encouraged by the thought that these young people who are Malaysia’s future leaders have such a strong understanding of how business works. The interest displayed from all teams that took part in the competition demonstrates a real desire in our young people to solve important problems which revolve around trust in business.
For us, this is one of the best signs that we are moving the needle on the topic of trust in business. It may be a tiny step, but a needed one in this current climate of low trust in institutions all over the world.”
The Trust Builders Challenge which ran from January to April 2017, is a team competition for Malaysian university undergraduates. The competition challenges teams to showcase their critical thinking, innovativeness, and business acumen by presenting a solution to rebuild trust in business.
It was conceived by PwC Malaysia as part of their larger Building Trust programme, which also includes the Building Trust Awards for Malaysian public-listed companies.
Sri said:
“In November 2015, we recognised the companies that are making efforts to build trust among their customers and investors at PwC’s inaugural Building Trust Awards.
Then in 2016, PwC and the Young Corporate Malaysians collaborated on a Trust Debate which attracted over 100 attendees, 1,284 Facebook Live views and 1,054 engagements on social media. The energy and enthusiasm of those who listened in to this debate proved to us that young people have a particularly keen interest in the topic.
We wanted to do more to harness ideas and input from our young Malaysians. In fact, we believe that we can encourage the next generation of leaders to help influence what trust looks like in the future. Hence, the idea of PwC Trust Builders, a trust building challenge for university students was born.”
137 teams of three students each from locally-based universities took part in the challenge. For a competition without any cash prizes, the participation rate was much higher than expected.
Salika Suksuwan, Human Capital Leader, PwC Malaysia said:
“Teams from public and private universities all over West and East Malaysia put in submissions for the challenge. I’m pleased with the diversity of these students from different backgrounds, genders, and fields of study. It was very encouraging to see great solutions borne out of diverse teams.
Our Malaysian universities and employers should also take heart in knowing that more than 400 students who participated in our challenge are homegrown talent. Not only should we be proud of these young people, but inspired to know that we have future and capable leaders in our very midst.”
The winning team won:
Read about the winners and more on the PwC Trust Builders Challenge for university students here: http://www.pwc.com/my/en/issues/trust/pwc-trust-builders.html
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We were inspired by the game JENGA®. The classic block-stacking, stack-crashing game is one that has players attempting to build a tower that gets taller and taller, while removing blocks from its base. One false move, and the structure crashes to the ground.
The process of building trust is much like this game. Like JENGA®, it isn’t for the faint hearted. It can be a painstaking process and it is certainly a journey. One where every action, good and bad, stacks up. At all times it takes all your different players working together to a common goal – fitting together the various pieces to form a structure that doesn’t falter.
At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 223,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.
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