Croatian Algebra Awards Scholarships Worth More Than 500,000 HRK

Lauren Simmonds

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As Novac writes, the final presentation of the candidates who have applied, the team work on this assignment and then the announcement of the most successful scholarship holders ended the scholarship competition of the Croatian Algebra University this past weekend.

The above competition involved candidates who were given the opportunity to win full and partial scholarships for the only e-Leadership MBA programme in Croatia and the wider area. It involves teaching modules imbued with topics related to the digital transformation and the industrial revolution 4.0, the Croatian Algebra University said.

The partner of the final day of the competition was one of the most innovative global marketing companies, Red Bull, whose experts prepared a challenging business case to be solved by Algebra’s scholarship candidates. The mentors available to the teams were Hrvoje Martic (Infodom), Luka Maricic (Superology), Filip Petrovic (JGL), Mario Pavic (Five), Juraj Zlof (GrowthFix), Petra Stojanov (Algebra LAB) and Zeljko Riha (Riha & Stamac).

As part of this year’s competition, one full scholarship, one scholarship in the amount of half the tuition fee and ten partial scholarships were awarded. Although the applications for the scholarship competition were individual, on the scholarship day itself, the candidates competed in teams, so that, in addition to individuals, members of the three best placed teams also won partial scholarships for MBA studies at the Croatian Algebra University.

The candidates, who were divided into teams, voted for the performances of other teams and solutions to the aforementioned Red Bull business challenge that they liked the most. Members of the winning team, “Arima One”, won scholarships for the MBA programme in the amount of 35,000 kuna per candidate, the second-placed team “Running Cord” was offered scholarships in the amount of 30,000 kuna, while the third-placed team, “Divas”, was awarded scholarships in the amount of 25,000 kuna per candidate.

The jury will then award the most valuable prizes, a full scholarship for the MBA programme in the amount of 135,000 kuna, as well as all remaining partial scholarships this year, after further analysis of individual performances in the coming days due to the complexity of the evaluation process and the very good presentations of the candidates with their project solutions. The jury of this year’s scholarship competition consists of members of the MBA team of the University of Algebra – Goran Radman, Maja Dujlovic, Arsen Solic and Natasa Soic.

“We believe that our vision of upgrading the classic MBA study with topics related to the digital transformation and the industrial revolution 4.0 is becoming more and more real every year, with each new generation of students.

The great interest we’ve seen from the candidates for this year’s scholarship competition as well as the great successes achieved in the business sphere and in the careers of our previous candidates, as well as our current students and graduates, show that this MBA programme has successfully responded to the challenge of educating people for leadership and management skills, but also that it inspired them to creatively apply digital technologies with the goal of digitally transforming the business of their companies. We’d like to congratulate all of the scholarship holders on their scholarships and we believe that they’ll also represent a step towards significant progress in their careers,” emphasised Arsen Solic of the Croatian Algebra University.

The Algebra MBA scholarship competition is otherwise, and traditionally, a fantastic opportunity for business networking. The final competition, which sees the solving of a specific business challenge, attracts people in similar career positions in some of the best Croatian and international companies. As the Algebra MBA e-Leadership programme combines knowledge and skills from the fields of business management, managerial skills and knowledge of digital technologies, as well as the implementation of digital transformation, its participants are usually those who require some of these skills – and their synergy effect – for further advancement and to take new, leading positions in their companies.

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