Competition Description-From Website
The Global Management Challenge – a strategic business management simulation – is based on a realistic business situation in which a number of virtual companies, represented by the teams taking part, compete against one another in a common business environment. A sophisticated and comprehensive computer model simulates the interactions of the various parts of each company, the competitive relationships between the companies and the background economic situation.
The task facing your team is to take charge of one of these simulated companies and manage it as if it were a real live business.
Your team needs to organize itself to carry out the duties of senior management of the company it is controlling. Read more on….
December 2010 – February 2011
Ankit Khandelwal, Alina- Ioana Manolache, Vlad Acretoaie, Sorin Marinescu
We the team of 4 members from different background participated and reached the pre-final round during the national level round of Denmark. We made executive decisions like sales distribution, wages fixing, dividend payment, bank loan and fixing the budget on real time numbers data and calculations. We learn a lot about running a company, making strategic decisions while in competition and other things.