Global Management Challenge - News
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The 40th Anniversary of the Global Management Challenge should have returned to Portugal but, unfortunately, the Global Pandemic, Covid-19, struck without warning and forced a postponement until a later date. This was due to the fact that different countries had varying lock-down and suppression of virus transmission strategies. A new date has yet to be decided. We should, by now, have been able to announce and crown the ounntry that prevailed to become the
Russia hosted the 2018 International Final, from 16th to 18th April 2019 in Ekaterinburg.
After two intense days of decision making under extreme time pressure, this culminated in the crowning of
U.A.E. (United Arab Emerites) hosted the 2017 International Final, from 16th to 18th April 2018 in Dubia capital city of Dubai, one of 7 Emerites that collectively form the U.A.E. The Dubai Emerite is the second largest Emerite by area (Abu Dhabi is by far the largest) but Dubai has the largest population with just.under half the total population of the U.A.E. The Dubai Emerite lies at the Southern end of the Persian Gulf. Dubai is famed for its ultra modern architecture (including the 830m tall Burj Khalifa tower) and its lively sophisticated night life.
As usual the semi-final and the final of the GMC competition were both highly competitive and very closely contested affairs, the ultimate winner being the team to score the highest level of investment performance during the International Final. After two intense days of decision making under extreme time pressure, this culminated in the crowning of the
The U.A.E. were wonderful hosts to multi-disciplinary National Winners from 23 countries (representing 4 continents). The team members, both men and women, included bankers, students, company executives and trainees,
Qatar hosted the 2016 International Final, from 10th to 12th April 2017 in Doha capital city of Qatar. Located on the peninsular Persian (Arabian) Gulf this modern city possesses a beautiful downtown waterfront with numerous parks and the Corniche Promenade. The initiative was hosted by
Qatar Finance and Business Academy (QFBA) in co-operation with Adnar Group
The semi-final and the final of the GMC competition were both very closely contested affairs, the ultimate winner being the team to score the highest level of investment performance during the International Final. After two intense days of decision making under extreme time pressure, this culminated in the crowning of
Macau as the 'GMC winner 2016'.
The awards and gala dinner ceremony was held under the patronage of the
Deputy Governor of Qatar Central Bank, HE Sheikh Fahad Faisal al-Thani
who handed over the awards to the Macau, Russia and China teams for finishing 1st, 2nd and 3rd, respectively.
The 2016 GMC international final saw strong competition among teams from a number of countries, including
Qatar, Angola, Brazil, China, Cape Verde, Czech Republic, Estonia, France,
Greece, Hong Kong, India, Kenya, Kuwait, Macau, Mexico, Morocco, Poland,
Portugal, Russia, Senegal, Slovak Republic, Spain and the UAE.
Macau SAR (China) hosted the 2015 International Final of the Global Management Challenge from 19th to 21st April 2016, with 26 national champion Teams qualifying to compete This marked an important milestone as this was the 20th anniversary of Macau's association with the Global Management challenge. The competition was held in the beautiful Sofitel Hotel, Spa and Casino complex and was organised in association with the Macau Management Association
Czech Republic hosted the 2014 International Final from 21st to 23rd April 2015.
in the beautiful city of Prague. This was the first time that the Czech Republic had hosted this International event.
The best manager and student teams from 22 countries from all over the world took part in the International Final of the Global Management Challenge, regarded by many as the 'Intellectual Olympiad' for those who are totally focussed on business and management problem solving. The participating countries were represented by the winning team from their national competition.
The 2013 International Final was the first one to be held using the much upgraded version of the GMC simulator. This new version was used by all countries in the 2014 version of the Global Management Challenge. It brings significant new decisions that make the competition an even greater challenge for the competing teams and at the same time fully automates (and simplifies) the many tasks that the country controllers must perform. The new decisions are related to green issues, training, production outsourcing. carbon emissions and share issues and repurchases. The winning team is decided by a new criterion ... Investment Performance ... rather than Share Price alone.
Launched in Portugal in 1980, by Simuladores e Modelos de Gestao (SDG) and the Expresso newspaper, more than 400 000 competitors ranging from company executives to university students have participated worldwide.
The Global Management Challenge, designed and developed in the U.K. by Edit 515 Ltd. organised and marketed from Portugal by SDG, has become a high profile and visible event in more than 30 countries where it is held, adding prestige to the many participating organizations.
The International Final, where the winning teams of each country compete for the World Title, is a milestone and prestigious event, which provides a unique experience of contact between different cultures and the reality of competing at an international level.
This is now the 35th edition, all of which have involved continuous development over the years. Most involve subtle but significant changes and alterations to the core models, with decisions changing to reflect current practices and real-life economic coditions. Major improvements and significant upgrades to the Global Management Challenge models are made strategically, creating different challenges that the participants must analyse and solve. You can access the latest International Newsletter (dated March 2015).