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When the Global Management Challenge starts, you will be put in charge of a virtual company which manufactures and sells its products on the European and NAFTA markets as well as on the internet.
You will then be responsible for developing the virtual company by making a series of decisions relating to every aspect of the business.
You will face challenges such as computer bugs, logistical problems and political conflicts which destabilise the world market. You must learn how to protect your company from such threats and act quickly to reduce their impact. You must also manage trading according to the fluctuations of the currency markets.
How does the Competition work?
The simulation is on-line.
Each edition begins with a Team Draw. The teams are organised into groups (Each Group with a maximum of 8 Teams). Each Group creates a competitive Market, in which the teams compete with one another.
- Each team receives information (Company History) about the Company it is to run;
- Outlines a Corporate Strategy;
- Launches its Strategy by making functional decisions in different areas of the Company (Marketing, Production, Human Resources and Finance).
- It then submits its Management Decisions (Decision sheet) to the Simulator via the Internet.
The Simulator then analyses and compares the teams' decisions and produces a Management Report for each team, showing the detailed results in financial and operational terms.
This process is repeated over 5 Developing Decision Periods during the Competition, simulating a year and a quarter of the companies activity.
Documentation used in the competition
- Manual - Explains the organisation and functions of the company.
- Company history - Details its performance in the previous five quarters.
- Decision sheet - Submits the management decisions to the simulator, within a restricted area of the organiser's web site;
- Management report - Produced after the simulator analyses and compares the teams' decisions and shows the detailed outcome in financial and operational terms. Using the team's Username and Password, within the restricted area of the organiser's web site, the teams submit their management decisions and consult/download their Management Report. Any team can, at any time, consult its Company History, the Manual, the Competition's Calendar and its Team classification/ranking for each Decision Period in the organiser's web site.
Structure of GMC
The competition is divided into four rounds:
- Round 1 - all registered teams play, and the top 64 progress to Round 2
- Round 2 (semi-finals) -eight groups of eight teams; only the top team from each group can make it through to the National Final
- National Final - face-to-face showdown; eight teams battle it out over the course of a day
- International Final - the winning team from each country competes over two days
Why get involved?
By taking part in GMC, gives you extra value of competiveness during job search in the future, as well as improving your business skills.
Experience how to direct a company in a constantly changing market situation with real competitors and without real risks.
Meet the managers of the most admired companies of the world, show your skills, build relationship!
Please note, there is no cost to enter GMC. Neither students nor universities or faculties pay for participation. |
