Registrations Open for ISBF’s Power of Why Challenge (POWC) 2020-2021, a Unique Scholarship Programme for Class XII Students
New Delhi: The Indian School of Business and Finance (ISBF), a premier Teaching Institution of the London School of Economics (LSE) in India, today announced the opening of registrations for the 2020-2021 edition of The Power of Why Challenge (POWC), a unique scholarship programme for Class XII students. The challenge will be held in two rounds over a month, following which two winners will be awardedwith a 50% waiver on ISBF’s tuition fees for the LSE undergraduate programmes taught at ISBF.
Sharing his thoughts on the announcement, Dr. Jitin Chadha, Founder and Director of ISBF, said, “POWC is a unique challenge, conceived with the sole purpose of ensuring that merit gets the encouragement and financial support that it deserves. It tests participants on their ability to ask relevant questions in the domains of Economics, Management and Finance, and imbibes in them a spirit of enquiry which drives all intellectual pursuits.I therefore urge Class XII students across the country to participate wholeheartedly, not only to avail this unique learning experience, but also to earn a substantial scholarship to receive a London School of Economics (LSE) education in India.”
The previous editions of the challenge have seen tremendous response from students, and two students – namely ArchitAsawa of Daly College Indore, and Dhruv Gupta of Pathways School, Baliawas, Gurgaon – won the two 2020 editions and are currently enrolled in BSc (Hons) Economics and BSc (Hons) Business & Management respectively at ISBF.
POWC 2020-2021 details
The Power of Why Challenge is an enquiry-based approach to teaching and learning that motivates students to challenge the status quo and question the fundamental assumption about concepts, issues and phenomena that are typically taken for granted. The two rounds of the challenge are as follows:
Round 1 is about how questions bridge information asymmetry increasing the likelihood of accurate decision-making. It comprises of two bouts:
Bout 1 pushes you to choose the right questions to ask in order to reach accurate conclusions about a contemporary business problem.
Bout 2 nudges you to synthesize multi-dimensional information towards making strategic economic and managerial decisions.
Only those challengers who prove their mettle in Round 1 would qualify to Round 2 of the Challenge.
Round 2 is about the might of a seemingly innocuous question and requires each Challenger to ask one.
Challengers who reach this round are expected to:
Ask one question from the world of economics/management/finance along with a rationale explaining the importance of asking that question.
Challengers should be ready to defend their questions subsequently in a face-to-face discussion with ISBF faculty members.
Following the 2 rounds, two students are selected as the winners of the awarded for a 50% waiver on tuition fee for LSE undergraduate programmes taught at ISBF.