Global Management Challenge is an innovative and multidimensional
training method, which combines the advantages of a strategic business
game with e-learning. The project is aimed at all those who want to
develop their competences in company management through practical
experience. Since 2000, more than 7,000 managers and students have
participated in the Polish editions of the contest, and each year
numbers are increasing. In 2006, almost 1,200 managers and students,
representing 60 companies and more than 40 universities from the entire
country, participated in the contest. Around the world, since 1980, the
GMC project has brought together people in 23 countries, and more than
400,000 people have participated.
The GMC training can serve as part of the inside recruitment process,
as well as a tool for assessment or a prize for the employees. The
participating companies treat GMC as an innovative element of their
training strategy. Students, on the other hand, are able to participate
thanks to sponsors eager to invest in young talent.
‘The simulation allows the participants to organise their knowledge on
company management, and this knowledge stays with us for a long time,
because it is based on personal experience,’ says Michał Kierzkowski
from SIGMA team (the winner of GMC 2006), sponsored by Bank Millennium
S.A. ‘Global Management Challenge forces the participants to think over
and approach critically some of the textbook paradigms, such as ratio
analysis, tax shield, assumption of the mutually exclusive maximization
of profits and minimization of costs. ‘At the same time, it enables us
to understand intuitively and to appreciate other paradigms, such as
real options or dividend management theories.’
The participants, registered in teams of three to five people, play the
role of virtual management boards. The task of each team is to lead a
company operating on the EU market and in the NAFTA zone. A large part
of the game is focused on analysis of the company’s financial
condition, and requires a proper response to changes taking place in
the market environment. Apart from day-to-day operating activities, the
teams prepare a long-term development strategy for their companies. The
only criterion of assessment is the value of shares of the managed
company on the stock exchange.
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‘GMC is a great merit-based training. It mobilises the participants to
search for the most innovative management trends in press and
literature,’ says Anna Gapińska of Elektrociepłownie Wybrzeże S.A. ‘The
knowledge achieved is translated not only to the consecutive decisions
made in the course of the game, but also to those made in our
professional career. As we made the subsequent decisions, I felt I was
managing my own company, and not a virtual one. It is very useful at
work, because it teaches responsibility for the decisions made.’
A novelty in this year’s edition is the training programme.
Participation in the project is preceded by a training programme,
during which the participants will get to know the simulation
principles. Teams registered before 16 April will participate
in three financial quarters of the game, without any consequences for
the contest results. In addition, the training participants
will receive support from the previous finalists at a special forum.
Training of contestants before the competition is bound to improve the
contest level.
The contest itself consists of two on-line stages, during which the
constant support of the organiser is provided, and the domestic final,
a one-day session of the best eight teams. The winner of Euromanager
2007 will get the right to represent Poland during the Global Final in
Brussels in April 2008. In addition, the laureates will receive prizes
in the form of laptops, and runners-up will be able to participate in
the seminar cycle ‘Authorities’.
Registration for this year’s edition for the managerial and company teams will end on 30 April 2007.
Organiser in Poland: BIGRAM Personnel Consulting
Details: www.gmcpoland.pl
Contact:
Paulina Szadkowska
Project Manager
BIGRAM Personnel Consulting
tel. (22)646-94-94, + 48 (0) 605 222 008
mail:
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