ABINGTON, Pa. — Penn State Abington has collaborated with a German university for more than a decade to design competitions that provide students with international business experiences. The latest iteration took place recently when 10 students from Hof University of the Applied Sciences joined 10 Abington students to develop a real-world business solution for a European company with operations in the Philadelphia region.
Faculty mentors mingled students from Abington and Hof to create five teams, and the group traveled to NETZSCH Premier Technologies' facilities in Exton for the discovery phase.
The issue presented by NETZSCH executives and its president, Giuliano Albiero, examined the case for the firm to potentially sell its equipment in the alternative proteins market, which refers to foods, ingredients, or beverages that have protein derived from non-animal sources. The segment is becoming increasingly important, spurred by global population growth, climate change, and supply chain challenges.
Among the factors the teams needed to consider while unearthing supporting research and developing a rationale for their plans:
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A new business strategy: They needed to convince NETZSCH executives to sell equipment to the alternative proteins market and to present a go-to-market blueprint for generating new business in this emerging market.
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Pricing justification and competition: The price of the company’s products is substantially higher than its competitors' prices. However, the quality and customer support are superior.
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Global experience: The company has a worldwide presence as opposed to many competitors who only sell to specific regions.
From the outset, the competition reflected the realities of the professional environment: managing tight deadlines and cross-cultural relationships, as well as mastering skills and stretching limits. After performing primary research onsite, the teams then met at Abington over two days to develop and refine their proposals. The students formally presented their ideas to NETZSCH executives at the Microsoft Technology Center in Malvern.