More than 100 teams participated in each of the 2016 editions of these territories that will be represented by teams of university students in the international final of the race that takes place in April.
The international final of the 2016 edition of the Global Management Challenge will be held from April 10 to 12 in the city of Doha, Qatar. In all, there will be around 30 countries and some of them are only now choosing their own champions. Macau and Hong Kong are examples of this, having organized this month their national finals where in both cases, victory was ensured by student teams.
In these two territories the competition is organized by the Macau Management Association (MMA). In Macau, the 2016 edition was disputed by 111 teams and the Hong Kong edition of the event had 126 teams in the line up, in both cases mainly formed by university students. “We have more students, because registration is free for student teams, but we hope to see more managers in the 2017 edition”, explains Jodie Lam, assistant director of MMA. In his opinion anyone who participates in this initiative gains valuable knowledge about management and gets a precious opportunity to put theory into practice in a riskless environment, since the companies working in the contest are all virtual. This environment is interesting for both students and those who are already engaged in their professional careers.
For Jodie Lam, “this test is an excellent strategy and management tool as participants have to work together and make decisions in a variety of areas of running a business in order to gain the best results”. He adds that the Global Management Challenge enables teams to broaden horizons in strategic management, understand market conditions better, make contact with different areas of a business and understand the impact of their decisions on company performance.
After the victory in Macau and Hong Kong, the two student teams will take part in the international finals and compete for the title of world champions against countries from Europe, Africa, Asia, South America and the Middle East.