||Warsaw, capital of Poland, hosted the International Final of the Global Management Challenge 2005 on the 9th and 10th of May 2006. The team from the People’s Republic of China was the winner of this final.
Tuesday, 9th of May - 2006
Semi-final of the Global Management Challenge
Wednesday, 10th of May - 2006
Final of the Global Management Challenge
Meeting with Global Management Challenge Partners
Gala Dinner and Prize Awards
In the International Final 19 countries participated:
Belgium, Bolivia, Brazil, Czech Republic, France, Germany, Greece Hong Kong SAR (China), India, Italy, Macao SAR (China), Mexico, People’s Republic of China, Poland, Portugal, Romania, Singapore, Slovak Republic and Spain.
As it happened last year and in the previous one, this international final was divided into two days, with a semi-final and a final.
On the first day of this event the teams were divided into four groups by means of a draw. The two teams with the highest company share prices in each group made up the eight teams that qualified for the final round.
Bolivia, Greece, Romania, France, Macau, India, Singapore, Hong Kong, Mexico, Slovakia and the Czech Republic, did not succeed and were therefore out of the race for the world title.
1st – Spain (1.521 share price)
2nd – Italy (1.465)
3rd – Mexico (1.380)
4th – France (1.346)
5th – Romania (1.289)
1st – Poland (1.681)
2nd – Brazil (1.408)
3rd – Hong Kong (1.348)
4th – Bolivia (1.136)
1st – Portugal (1.581)
2nd – Belgium (1.526)
3rd – Czech Republic (1.416)
4th – Greece (1.243)
1st – P.R. of China (1.706)
2nd – Germany (1.611)
3rd – Slovakia (1.432)
4th – India (1.324)
In the Final, the following teams were present: Belgium, Brazil, China, Germany, Italy, Spain, Poland and Portugal. In the end, China won the competition. “It was hard work and the competition was very strong”, said Guo Ying - the only woman out of five members of the Chinese team -, during the Prize Award ceremony that was held in the gallery of the Museum John Paul II. Prior to having achieved this victory, the Chinese team had already won another 872 teams, which were registered in the Global Management Challenge in their country.
In second place came the Polish team, which last year had won the international competition for the first time. The joy of the Polish team was evident, more still when their expectations did not point to such a good result.
In third place was Spain, in fourth Germany, in fifth Belgium and in sixth Portugal. João Prudêncio, team leader of the Portuguese team mentioned in the prize awards that “we are impressed with the performance of China. Their team was very well prepared and always maintained their performance, which gave fruits”. For this element of the Portuguese team, the finals are getting stronger each time. After Portugal, Italy classified in 7th and finally Brazil in 8th.
|1st – P.R of China (2.207 Share Price)
2nd – Poland (1.896)
3rd – Spain (1.867)
4th – Germany (1.865)
5th – Belgium (1.854)
6th – Portugal (1.813)
7th – Italy (1.783)
8th – Brazil (1.353)
Besides the prizes awarded to the winning team and participation awards given to the remaining teams, the International Organisation distinguished Millennium Bank as “International Sponsor of the Year”. This award was given for outstanding contribution to the international development of the Global Management Challenge. Luis Pereira Coutinho, vice-president of the bank, pointed out when receiving the award that “this distinction symbolizes our contribution to the creation of managers and new talents in Poland”.
Internacional Sponsor of the year awarded to:
For outstanding contribution to the international development of the Global Management Challenge
Cooperation Award to:
For outstanding organisation of the International Final 2005