December 3, 2021
Phillips 66 Business Ethics Case Competition awards $7,000 to K-State students
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Back row, from left: Brooke Pickert, Cole Pierce, Tucker Balman, Garrett Gunnerson, Jordan Ast, Brett Jennrich. Front row, from left: Bill Turnley, department head — management, Larrisa Vogt, Maddie Fankhauser, Samantha Crawford, Jacqueline Anzalone, Karl Burg, Reid Seacat, Tyler Rodvelt, Sabine Turnley, senior instructor — management. |
The Kansas State University College of Business Administration recently awarded $7,000 in scholarship money to 24 students who competed in the 2021 Phillips 66 Business Ethics Case Competition.
A total of 275 students representing 70 teams entered the competition, which was organized by the college's Ethics and Responsible Business Citizenship Initiative and sponsored by Phillips 66.
Students were challenged to examine a real-world ethical dilemma and were responsible for analyzing the situation, applying appropriate ethical and strategic management principles, and developing a viable set of practical recommendations. After faculty members in the management department evaluated the initial written analyses, six teams were selected to compete in the final round where they presented their analyses and recommendations to a panel of judges.
"This competition provides a unique opportunity for our students to improve their analytical, decision-making and presentation skills," said Bill Turnley, Sam and Karen Forrer chair of business ethics and head of the management department. "The finalists' presentations were excellent. Their recommendations were well justified and did a nice job of balancing strategic and ethical concerns. We very much appreciate the support from Phillips 66 that makes this competition possible."
"Phillips 66 is very proud to support the Business Ethics Case Competition," said Seth Sanders, volumetric accounting director at Phillips 66. "The presenting groups all did a wonderful job and adapted well to the virtual format. It was great to see K-Staters take a broader, more holistic view of the corporate purpose and demonstrate how long-term value can be generated for all stakeholders."
The winning team, The Last Dance, includes Jaqueline Anzalone, senior in sales and supply chain management; Tucker Balman, senior in supply chain management; Tyler Rodvelt, senior in accounting and finance; and Reid Seacat, senior in finance. Each member of the winning team will receive $500 for a total prize of $2,000.
Team members of the second-place team, Clairvoyant Consulting, are Aaron Debolt, senior in financial analysis; and Maddie Fankhauser, Brooke Pickert and Cole Pierce, seniors studying marketing and sales. Each team member will receive $400 for a total prize of $1,600.
Table 7 Consulting was the third-place team and was made up of Jordan Ast, junior in finance and supply chain management; Jackson Boyle, senior in management information systems; Garrett Gunnerson, senior in supply chain management; and Brett Jennrich, senior in management information systems and marketing. Each team member will receive $300 for a total prize of $1,200.
Fourth place was taken by team Cats' Consulting with Joe Lucas, senior in marketing and organizational management; and three seniors in accounting: Jack Beckley, Dayne Homolka and Avery Malloy. Those students will each be awarded $250 for a total prize of $1,000.
Members of the remaining two finalist teams received an honorable mention award of $150 each for advancing through to the final round. Receiving the honorable mention designation was team Fantastic Four with Jake Acosta, senior in finance; Alex Arriaga, senior in finance; Peyton Carr, senior in management; and Zachary Sauer, senior in accounting. Also receiving honorable mention was team GKLS Consulting with Karl Burg senior in management information systems; Samantha Crawford, senior in human resource management; Gunther Shull, senior in organizational management; and Larissa Vogt, senior in accounting.