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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