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Accounting Students Win Silver Medal in National Business Competition

(January 27, 2011, Thunder Bay, ON) Students from Lakehead University's Faculty of Business Administration ranked among the top in Canada at this year's final round of the Inter-Collegiate Business Competition (ICBC), held at Queen’s University, January 7 - 9, 2011. The accounting team of Angela Pratola and John Blanchette placed second overall in the competition with first place going to Concordia, and third place to University of Calgary. The University of Manitoba, Hong Kong Polytechnic University and University of British Columbia were among the finalists.


Accounting students Angela Pratola and John Blanchette

“The ICBC competition was both an extremely challenging and rewarding experience. The accounting program at Lakehead University prepared me with the essential knowledge and skills to be A-listed and place second in this prestigious event. We were matched against the top schools in Canada and around the world and our success in this event is both intrinsically rewarding and will be great for our future career prospects,” says John Blanchette. “I would strongly encourage future commerce students to consider applying to be on next year's team to represent Lakehead in the ICBC competition.”

During the preliminary round, eight Lakehead teams competed against teams from approximately 41 other universities, including schools from Australia, Belgium, Hong King, Singapore, and the United States. The top six teams from each category, selected during a blind-review process, went on to the finals at Queen’s. Fifteen Lakehead students competed in preliminary round subject areas:

Accounting: Angela Pratola and John Blanchette
Business Policy: Allison O'Shea, Matt Adams, and Olena Ternovska
Ethics: Jolen Opyc and Mark Dyer
Finance: Greg Paquette and Kyle Christian
Human Resources: Julian Lombardo and Rob Deleo
Marketing: Landon Elliott and Tyler Zegil
Management Information Systems: Madora Day and Aaron McNeil

For the final round competition, teams were given five hours to analyze a new business case and make a 15-minute PowerPoint presentation to a panel of corporate business leaders. The presentation was followed by a short question and answer session.

“Placing second in the ICBC competition is a true reflection of the education I have received from the Commerce program at Lakehead University,” says Angela Pratola. “The skills we were taught in the classroom made our team well-prepared to aggressively compete against top students from Canadian and international universities. This competition has provided me with a unique opportunity to further my education and career, while meeting several interesting students and professionals.”

Allison O’Shea, who competed in the Business Policy division of the preliminary round, recalls her experience, "participating in the ICBC preliminary round was an amazing experience as it allowed me apply the tools and skills I've learned in the classroom.  Furthermore, it provided me with a great opportunity to work with fellow colleagues who share a similar passion and drive for business. Next year, I look forward to applying the experience I gained from this year's competition and placing in the final round.”

Dr. Bahram Dadgostar, Dean of the Faculty of Business Administration at Lakehead, is a long-time supporter of student participation in the ICBC. "ICBC is one of the longest-running, most competitive, undergraduate business case competitions in the world," he said. "Lakehead students have always performed well in this competition, and we are proud to see them succeed. Given the increased global competition in the ICBC, it is quite an accomplishment for our students to consistently perform well on this international platform. For example, this is the second consecutive year that our accounting team was the highest ranking team in Ontario, and placed in the top three in Canada.”

Angela feels that, “although the ICBC competition was challenging, and even intimidating at times, it was a memorable and valuable experience that I would strongly recommend to all commerce students.”


Media: For further information about the Inter-Collegiate Business Competition (ICBC) visit To schedule interviews, please contact Lakehead University's ICBC Coordinator, Camillo Lento, at

About Lakehead
Lakehead is a comprehensive university with a reputation for innovative programs and cutting-edge research. With a main campus located in Thunder Bay, Ontario and a campus in Orillia, Ontario, Lakehead has over 8,280 students and 2,250 faculty and staff, and is home to the west campus of the Northern Ontario School of Medicine. In 2006, Research Infosource Inc. named Lakehead University Canada's Research University of the Year in the undergraduate category. For more information on Lakehead University, visit

Last updated January 27, 2011

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