The Global Management Challenge consists of a Strategic Management Simulation, in which each team runs a Company with the objective of finishing with the highest company share price on the simulated Stock Exchange.


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 about to run;
• Outlines a Corporate Strategy;
• Launches its Strategy by making functional decisions in different areas of the Company (Marketing, Production, Human Resources and Finances).
• Then, it 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 Five 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 once the simulator analyses and compares the teams' decisions showing 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.

All the teams can, at any time, consult its Company History, the Manual, the Competition's Calendar and its Team's classification/ranking for each Decision Period, in the organiser's web site.

The Global Management Challenge consists of 4 stages:

• 1st Round
• 2nd Round
• The Winning Team of each Group in the First Round proceeds to the Second Round.
• The Winning Teams in the Second Round compete in a National Final, usually held at the end of the year.

Every year, there is an International Final of the Global Management Challenge, in which the Winning Teams of each participating Country compete with one another.