2016 Global Management Challenge International Final
The Macao team, which is teamed up by students
of Macau University of Science and technology, participated in the “2016 Global
Management Challenge International Final”, which was held in Qatar, Doha, from
April 10 to 12, excelled among 21 global teams and claimed the honor of world
championship. The Global Management Challenge is the largest annual competition
for strategy and management simulation.
This February, the winning team stood out among 111 teams at the Macao final and won candidacy for the international final. In order to prepare well for the international finals, the team has spent a lot of time and efforts collecting a large amount of data, deliberating, and rehearsing. With their rich knowledge and proficient techniques, they built on their experience from the previous competitions, applied the knowledge they learned from classes comprehensively, exerted high standards throughout the entire competition, and finally claimed the great honor of world championship.
The Global Management Challenge makes changes every year according to the global economy; the participating teams need to make flexible decisions based on the current situations, using knowledge of finance, management, and operations. For each year’s international finals, there are twenty to thirty winning teams from all over the world; the contestants are international elite; the hosting city of the event changes annually. By taking part in the competition, the students not only enhance the knowledge they have learned but also improve their capabilities in management and decision-making; they can also interact with other international teams, understand the management culture and operation methods of different places, and therefore broaden their horizons. The team express that it has been a valuable real-practice experience for them.
The Global Management Challenge (GMC) is a global simulation competition for corporate management; it crosses five continents of the world, and has been officially certified by the European Foundation for Management Development (EFMD); it has had more than 20 years’ history, and is the world’s largest strategy and management competition. The GMC first holds regional competitions in different regions of the world so as to produce the regional champions, who will then represent the local regions to compete with the other 20 plus winning teams of other countries or regions at the international final.