The Global Management Challenge is the largest Strategy and Management Competition in the world. It's based on business simulations. More than 500 000 university students and company managers have been participated in this competition since 1980.
The concept of the competition emerged in 1980 in Portugal by SDG – Simuladores e Modelos de Gestão – in partnership with the weekly newspaper EXPRESSO. EXPRESSO has not only given a great amount of national coverage on the competition, but has also contributed immensely to the internationalization process.
The Global Management Challenge around the world
At this time the Global Management Challenge is presented in following countries: Angola, Australia, Belarus, Belgium, Brazil, Canada, Camaroon, Cape Verde, Czech Republic, Denmark, Estonia, France, Ghana, Germany, Greece, Hong Kong SAR (China), India, Italy, Ivory Coast, Kuwait, Latvia, Macao SAR (China), Mexico, Mozambique, People's Republic of China, Poland, Portugal, Qatar, Romania, Russia, Slovak Republic, Spain, Turkey, Ukraine, United Arab Emirates and United States of America.
The Global Management Challenge consists of a Management Simulation in which each team runs a Company, with the objective of getting the highest Investment Performance. This criterion measures the investment ‘return’ for the original shareholders not just as the value of their shares at the end of the competition but also after allowing for any shares purchased, or sold, and also any dividends received.
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,
- Broaden their views on Corporate Strategy,
- Interact with the different Functional Areas of a Company,
- Understand the Market Conditions in which they compete and Customer Satisfaction,
- Become aware of the impact of their Decisions on the Organization itself, within an environment designed to encourage and develop teamwork
Every season of the Global Management Challenge ends with International Final that brings together the winners from each country.
SDG and EDIT 515 U.K. are partners in developing and improving this Simulator. Their aim is to ensure that it is up-to-date, relevant and challenging in order to meet the participating company's current needs, and to keep up with the latest technology.
The Simulator was designed and developed by Partners of EDIT 515 U.K., Professors of the Operational Research Department of the University of Strathclyde in Scotland (Key subject for a Master's in Business Administration of the Graduate Business School of this University).
The Global Management Challenge in Russia
The competition was launched in Russia in 2006 by RANEPA and it's been supported by the Agency for Strategic Initiatives since 2011. Russian competition became the biggest one:
- 12000 people played Global Management Challenge past season.
- 13 regional finals were organized all over the country, so more than 500 people played offline.
The number of participants since 2006.
Vnesheconombank became the general supporter of Global Management Challenge in 2012 and the scale of competition was increased.
There was the International Final in Russia in 2010 (edition 2009). It was held in Khanty-Mansiysk located in West Siberia. But instead of Siberian cold there will be stunning warm weather in Sochi.