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 FAQ
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 | 1. What does the Global Management Challenge consist of? | | | | The Global Management Challenge is a Strategic Management Competition. It consists of a Simulation in which each team runs a Company, with the objective of finishing with the highest company share price on the Stock Market. | | | 2. Who can take part in the Global Management Challenge? | | | | Company Managers and University Students can participate. | | | 3. Who are the teams made up of? | | | | - University Students
- Company Managers
- Mixed (students and company managers), which are formed by a sponsoring company with the collaboration of the Organiser.
| | | 4. How many people make up each team? | | | | In order to form a team, each team should have between 3 to 5 people.
In the case of mixed teams, which are formed by a Sponsoring Companies together with the Organisers, a maximum of 6 people is allowed to compete.
| | | 5. How does the competition work? | | | | The simulation works over the Internet.
Each edition begins with a Team Draw. The teams are organised in groups (each group with a maximum of 8 teams). Each group makes up a competitive Market, in which the teams compete with one another.
Each team then:
- Receives information on the Company they are about to run (Company History);
- Outlines a Corporate Strategy;
- Launches its Strategy by making functional decisions in different areas of the Company (Marketing, Production, Human Resources and Finances);
- Submits its Management Decisions to the Simulator via the Internet (Decision sheet).
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, simulating a year and a quarter of the companies activity.
| | | 6. What documents do the competitors receive? | | | | The Team Leader (who liaises with the Organiser) receives:
By e-mail:
- The Team's Identification: Its Group Number and its Company Number;
- The Team's Username and Password: to send its Decisions and retrieve its Management Report, within a restricted area of the organiser’s web site;
- The Sponsor's Name (for teams made up of students only).
By Internet:
- The Global Management Challenge Manual
- The Company History (5 Excel documents)
| | | 7. Do all teams run the same Company? | | | | The Company that each team runs is the same for all the teams. In other words, all the teams within a Group start with the same footing. However, from the moment the competition starts, each Group has nothing to do with the other Groups. Any decisions taken will have impact only within in it's own Group/Market. Therefore, competitors mustn't compare their company share price with those of other Groups. | | | 8. How do the teams submit their decisions? | | | | Each team fills the Decision Sheet (using a USB Stick) and give to the organizers. In the same way, each team will receive the Management Report. | | | 9. When and where will the International Final of the Global Management Challenge 2012 take place? | | | | The INTERNATIONAL FINAL 2012 will take place in Romania on the 16th, 17th and 18th of April, 2013. | | |
