Manulife Financial Announces "Manulife: Entry Into Asia Challenge" at the
International Business Executive of the Year Celebration
-- Business students at Canadian universities can compete for a
top prize of $100,000
TORONTO, Nov. 16, 2012 /CNW/ - At the celebration of the Canadian Chamber of
Commerce International Business Executive of the Year Award on November 15 in
Toronto, Manulife Financial President and Chief Executive Officer Donald
Guloien took the opportunity to announce the creation of a one-time only
competition, the Manulife: Entry into Asia Challenge.
"Manulife is pleased to announce the establishment of the Manulife: Entry Into
Asia Challenge," said Mr. Guloien. "I firmly believe that Canada's ability to
diversify into Asian markets is key to our economic future.There can be no
half-measures. We are excited to partner with the University of Toronto's
Rotman School of Management on this unique competition."
The competition will provide undergraduate and graduate business students at
Canadian universities the opportunity to create a business plan for a Canadian
small or medium-sized enterprises (SMEs). SMEs are the largest job creators
in Canada, yet only account for roughly 28 per cent of Canada's GDP.
The competition will focus on the creation of a business plan for a SME to
expand into any country in Asia. Competing teams will be asked to
demonstrate their ability to think strategically about entry into Asian
markets while demonstrating their understanding of the unique attributes,
challenges and realities facing Canadian SMEs.
The competition will offer a first prize of $100,000 a second prize of $50,000
and a third prize of $20,000.
The Rotman School's facilities and expertise with case competitions lends
itself well to this one-time only opportunity. Additional details on the
competition are available at manulife.com/asiachallenge.
"We're thrilled to work with Manulife to help promote and build our future
Canadian business champions entrance into Asia," said Roger Martin, Dean of
Rotman School of Management. "We all know the dynamism of Canadian
entrepreneurs and the opportunity to help them plan for development in an
Asian market is a privilege."
About Manulife Financial
Manulife Financial is a leading Canada-based financial services group with
principal operations in Asia, Canada and the United States. In 2012, we
celebrate 125 years of providing clients strong, reliable, trustworthy and
forward-thinking solutions for their most significant financial decisions. Our
international network of employees, agents and distribution partners offers
financial protection and wealth management products and services to millions
of clients. We also provide asset management services to institutional
customers. Funds under management by Manulife Financial and its subsidiaries
were C$515 billion (US$523 billion) as at September 30, 2012. The Company
operates as Manulife Financial in Canada and Asia and primarily as John
Hancock in the United States.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and
under '945' on the SEHK. Manulife Financial can be found on the Internet at
Manulife Financial Laurie Lupton 416.852.7792 email@example.com
Rotman School of Management Ken McGuffin 416.946.3818
SOURCE: Manulife Financial Corporation
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