April 19, 2016, University of Warwick -- A competition starts on Friday to help tackle the global ageing population that is causing huge problems to healthcare systems across the world.
The World Health Organization (WHO) expects the number of people aged more than 60 years-old to more than double and reach a staggering two billion by 2050 - that will be 21.1 per cent of the world's population. This will bring new challenges to global healthcare systems, with the demand for elderly care increasing significantly.
Warwick Business School's fourth annual Healthcare Case Challenge, sponsored by GE Healthcare and GE Healthcare Finnamore, will ask teams to create solutions that provide the right care, at the right time, in the right place to a specific cohort of the elderly population, with the winners pocketing £4,500.
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As well as a team from Warwick, students from the Birmingham Business School, Cranfield School of Management, London Business School, Nottingham University Business School, Alliance Manchester Business School, Rotterdam School of Management, Said Business School, and SDA Bocconi School of Management will be taking part in the two-day competition starting on Friday, with the final pitches on Saturday.
"MBA students will apply their business and economic knowledge to collaborate with students of other disciplines, such as medical and engineering, to create innovative solutions in healthcare", said Farah Abdulhadi, Director of the WBS Case Challenge.
Last year's competition saw eight teams from top business schools competing, with Alliance Manchester Business School taking away the grand prize ahead of Said Business School, who were the winners in 2014.
Ms Abdulhadi added: "This student-led event offers participants the opportunity to network with MBAs and masters students from across the globe and with a plethora of people from the healthcare industry, including academics, researchers and potential graduate employers.Teams must have six postgraduate and masters students, at least three of which must be MBA students, but it has been designed to encourage the intermingling of diverse disciplines.
"Not only was GE Healthcare pleased to take on board some of the innovations presented at the event last year, but they also offered a permanent role in their organisation to one of the participants.
"This competition provides an opportunity for MBA students to further explore new career avenues by solving stimulating business problems."
