The competition is open to university students and young professionals organised as teams of 3 to 5 members managing a manufacturing company as its senior management. In their capacity as the management of the virtual company, the participants take decisions relating to the sales and marketing, production, human resources and finances of the company. The decisions are made in a highly competitive, constantly changing environment because the simulation software assesses all the decisions of each participating team in comparison with the decisions of the other competing teams within their group. As such, no decision is right or wrong, however, the team that makes better decisions compared to others within their group is rewarded by achieving the best Investment Performance for the shareholders of the virtual company at the end of the Competition.
The simulator for Global Management Challenge was developed by professors of the Operational Research department of the University of Strathclyde in Scotland and has since been revamped and upgraded by them on an ongoing basis to incorporate the latest management concepts. The original team structured as Edit 515 Limited is still actively involved in supporting and improving the simulation.
The competition is organised globally by SDG – Simuladores e Modelos de Gestão, a Portugese company specialising in innovative methods for competence development based on the virtual business simulations. Over the years the competition has established as a major event in several countries supported by local media and corporate sponsors with participants from industry and academia.
Currently 35+ countries are expected to participate in the competition in 2017: Angola, Australia, Belarus, Belgium, Brazil, Canada, Cape Verde, Czech Republic, Denmark, Estonia, France, Germany, Ghana, Greece, Hong Kong, India, Ivory Coast, Kuwait, Latvia, Macao, Mexico, Mozambique, People’s Republic of China, Qatar, Singapore, UAE, Poland, Portugal, Romania, Russia, Singapore, Slovak Republic, Spain, Turkey, Ukraine, United States of America and Venezuela.
Prestigious companies such as Accenture, Barclays, Deloitte, Dell, Du Pont, Eco Bank, EDP Renewables, Edu Global China, Ernst & Young, Hershey’s, HSBC, KPMG, Maersk, McDonald’s, Mont Blanc, NYSE Euronext, Orange, Peregerine Academic Services, Portugal Telecom, PwC, Bank Santander, Siemens, SNCF, Staples, TAP Portugal have participated in organising/sponsoring Global Management Challenge around the world.
Many of the world’s leading universities such as Boston College, Cornell University, Duke University, John Hopkins University, Ohio State University, University of Chicago have participated in recent Global Management Challenge competitions.
Global Management Challenge is accredited by European Foundation for Management Development as technology enhanced learning.