The Global Management Challenge.

The Global Management Challenge.

The Global Management Challenge (GMC) is a prestigious strategic management competition designed for both experienced managers and university students. Participants are required to form teams consisting of 3-5 members. These teams are then assigned to a group, which typically comprises 5-8 teams, depending on the specific competition.

The participating teams are subsequently assigned a virtual company, which is initially indistinguishable from the other companies in the competition. Each team subsequently advances their company by formulating a sequence of decisions pertaining to all facets of the business, encompassing considerations such as the acquisition of machinery and allocation of advertising expenditures. During each round, a total of five sets of decisions are made, which correspond to five quarters. A quarter is a time interval commonly recognised as encompassing three months.

The decisions, documented on the Decision Sheet, are analysed using advanced business simulation software. This software generates comprehensive Management Reports that provide detailed insights into the outcomes of these decisions. The objective is to achieve the highest share price on the virtual stock exchange by the end of the game.

The competition is structured into multiple rounds, typically consisting of 3 or 4 rounds at the national level and 2 rounds at the international level. The quantity of national rounds may vary in each country and is contingent upon the number of participants. Certain countries employ a slightly varied approach by integrating the Global Management Challenge with other competitions.

In India, teams participate in an additional competition that is more sector-specific, such as simulating the operations of a car manufacturing company. The top 8 teams from this competition advance to the GMC national final. In Germany, the participants exclusively engage in the Global Management Challenge (GMC) during their final round. While it may appear intriguing, this situation poses a disadvantage for those teams, as they lack familiarity with the simulation in comparison to other teams at the international level.

History

The competition originated in 1980 in Portugal through a collaboration between SDG – Simuladores e Modelos de Gestão – and Expresso, a renowned weekly newspaper. The GMC computer model was developed by Edit 515 Limited, a registered company based in Scotland, United Kingdom. The content is regularly updated to accurately reflect current trading conditions and business risks. The objective is to provide competitors with highly realistic and intricate business scenarios, encompassing diverse challenges and issues.

The Global Management Challenge has established itself as the largest strategic management competition worldwide, attracting an impressive annual participation of 20,000 individuals. Over the course of four decades, a substantial number of over 400,000 university students and company managers from various countries across the globe have actively engaged in participation since the year 1980.

The contest currently attracts participation from over 30 countries, including Angola, Australia, Belarus, Belgium, Bolivia, Brazil, Czech Republic, Denmark, Finland, France, Germany, Ghana, Greece, Hong Kong SAR (China), Hungary, India, Italy, Kazakhstan, Latvia, Macau SAR (China), Mexico, Morocco, Nigeria, People's Republic of China, Poland, Portugal, Romania, Russia, Singapore, Slovakia, Spain, Turkey, Ukraine, United Kingdom, and Venezuela.

In the upcoming 2010-2011 session, the contest welcomed two new African countries: Ivory Coast and Benin. Notably, Ivory Coast partnered with Educarriere.net, a renowned website in the region that has gained prominence for its publication of various examination results.

Every nation independently coordinates its own National competition, ensuring that all materials are produced exclusively in the official language of that particular country. The champions of the National competition convene to participate in the International Semi-Finals and, if they emerge victorious, proceed to compete in the International Final (with outcomes still reported in the respective languages of each country).

World Champions – Global Management Challenge

In the inaugural year of the competition in 1980, the participation was limited to teams from Portugal. During the subsequent two-year period, the winner of the GMC was determined through a final match between Portugal and Brazil, showcasing the Luso-Brazilian rivalry. In 1981, Brazil emerged as the victor, while Portugal claimed the title in 1982. Since 1983, the victor has been determined through an International Final, which is graciously hosted by one of the participating nations. Please find below the list of winners for each year's competition:

Year	Winner	Number of participating countries	Host country
1980	Portugal	1	Portugal
1981	Brazil	2	Portugal
1982	Portugal	2	Brazil
1983	Portugal	3	Portugal
1984	Portugal	5	Portugal
1985	Portugal	6	Portugal
1986	Spain	5	Portugal
1987	United Kingdom	8	Portugal
1988	Spain	7	Portugal
1989	Portugal	7	Portugal
1990	United Kingdom	7	Portugal
1991	Portugal	5	Portugal
1992	Spain	4	Portugal
1993	Portugal	5	Portugal
1994	Portugal	5	Portugal
1995	Spain	7	Portugal
1996	France	8	Portugal
1997	Brazil	7	France
1998	Portugal	9	Macau SAR
1999	P.R. China	9	Portugal
2000	P.R. China	10	Portugal
2001	Czech Republic	11	France
2002	P.R. China	11	Macau SAR
2003	P.R. China	15	Portugal
2004	Poland	16	Portugal
2005	P.R. China	19	Poland
2006	Czech Republic	24	Macau SAR
2007	Macau SAR	25	Romania
2008	Russia	30	Portugal
2009	Ukraine	25	Russia
2010	Slovakia	25	Macau SAR
2011	Russia	25	Ukraine
2012	Ukraine	24	Romania
2013	Russia	22	Russia
2014	Russia	22	Czech Republic
2015	Russia	25	Macau SAR
2016	Macau SAR	26	Qatar
2017	Czech Republic	26	UAE

 

International Final wins per country since 1983
Rank	Country	Number of wins
1	Portugal	8
2	P.R. China	5
3	Russia	5
4	Spain	4
5	United Kingdom	2
5	Czech Republic	2
5	Ukraine	2
8	Brazil	1
8	France	1
8	Poland	1
8	Macau SAR	1
8	Slovakia	1

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