Global Management Challenge

Global Management Challenge

Global Management Challenge (GMC) is a strategic management competition for university students. The students form teams of 3-5 members, and each team is placed in a group of 5-8 teams, depending on the round of the competition. The teams are then given a virtual company, initially identical to every other company in the competition. Each team then develops their company by making a series of decisions, relating to every aspect of the business e.g. how many machines to buy, or how much to spend on advertising etc. In each round, five sets of decisions are taken, corresponding to five quarters. A quarter is a period said to span three months.

These decisions - made on the Decision Sheet - are run through sophisticated business simulation software, which generates in-depth Management Reports, showing the consequences of the decisions. The aim is to finish the game with the highest share-price on the virtual stock exchange.

History

The Global Management Challenge is the world's biggest Strategic and Management Competition. More than 375,000 university students and company managers around the world participate.

The concept of the competition emerged in 1980 in Portugal by SDG – Simuladores e Modelos de Gestão – in partnership with Expresso, a weekly newspaper. The GMC computer model was designed by Edit 515 Limited, registered in Scotland, U.K. It is updated frequently to reflect real world trading conditions and business risks, the aim being to present competitors with very realistic and complex business scenarios, with varied challenges and problems.

Twenty-eight countries currently participate in the contest: Angola, Australia, Belgium, Belarus, Bolivia, Brazil, Czech Republic, Denmark, France, Germany, Greece, Hong Kong SAR (China), India, Italy, Latvia, Macau SAR (China), Mexico, People's Republic of China, Poland, Portugal, Romania, Russia, Singapore, Slovak Republic, Spain, Turkey, Ukraine and United Kingdom.

Each country organizes its own National competition, the model producing all material in the lanuguage of that country. The winners of the National competition meet to contest the International Semi-Finals and, if successful, go on to compete in the International Final (with results still in each of the country's native language).

World Champions

Nine different countries have won the International Final of the GMC since it began in 1980. The winners of each year's competition are listed below:

2007 - Macau SAR (China)

2006 - Czech Republic, Ukraine (GMC and [http://ru.wikipedia.org/wiki/GMC_Junior GMC Junior!] )

2005 - P. R. China

2004 - Poland

2003 - P. R. China

2002 - P. R. China

2001 - Czech Republic

2000 - P. R. China

1999 - P. R. China

1998 - Portugal

1997 - Brazil

1996 - France

1995 - Spain

1994 - Portugal

1993 - Portugal

1992 - Spain

1991 - Portugal

1990 – United Kingdom

1989 - Portugal

1988 - Spain

1987 - United Kingdom

1986 - Spain

1985 - Portugal

1984 - Portugal

1983 - Portugal

1982 - Portugal

1981 - Brazil

1980 - Portugal

External links

* [http://www.worldgmc.com/ Official Website]


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