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The Global
Management Challenge is a Strategic Management Competition .
This initiative has had an enormous success ever since, both at a
national and international level. It is now in its 26th Edition .
The Competition is organized by SDG - Euromanager.
Today the competition takes place in
26 countries
.
In 2006, the challenge has been launched in : Denmark, Greece,
Switzerland and Romania.
Over the last twenty six years, The Global Management Challenge ,
has had over 300 thousand university students and company managers
participating in this event from all over the world.
The Global Management Challenge consists of a Management
Simulation in which each team runs a Company, with the objective of
getting the highest company share price on the simulated Stock exchange.
By managing a company, without running real-world risks, and taking top
management decisions, the competitors are given the opportunity:
- to analyse Financial and Economic Indicators ,
- to broaden their views on Corporate Strategy ,
- to interact with the different Functional Areas of a
Company,
- to understand the Market Conditions in which they compete
and Customer Satisfaction ,
- to become aware of the impact of their Decisions on the
Organization itself, within an environment designed to encourage and
develop team work.
The Global Management Challenge consists of 4 stages :
- Qualifying Round: 5 weeks;
- Semi-Finals: 5 weeks ;
- National Final: over
one day, March 29th in Brussels;
- International Final: April 24th and 25th
in Macao, that brings together the winners from each country;
Each stage consists of Five Developing Decision Periods during the
competition. The Group Winner is the team that finishes with the highest
simulated share price.
The Simulator
The Simulator was designed and developed by Partners of EDIT 515 U.K.,
Professors of the Operational Department of Research of the University of
Strathclyde in Scotland (Key subject for a Master's in Business
Administration of the Scottish Business School of this University).
SDG Euromanager and EDIT 515 U.K. are partners in developing and improving
this Simulator. Their aim is to ensure that it is up-to-date, in order to meet
the company's current needs as well as keep up with the latest technology..
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