Russian team wins 33rd Global Management Challenge

The Latvian team took park in the finals

Twenty-five national teams competed last week in the International Final of the 33rd Global Management Challenge, hosted in Macau for the fifth time, with the Russian team eventually securing the title.
This year’s finalists included Macau, Hong Kong, China, Brazil, Cameroon, Czech Republic, Estonia, France, Greece, India, Ivory Coast, Kenya, Kuwait, Latvia, Mexico, Morocco, Poland, Portugal, Qatar, Romania, Russia, Senegal, Slovakia, Spain, and the United Arab Emirates. Each country or territory was represented by the winning team of the respective national or regional competition.
During the final rounds of the competition, the teams were given the background of a fictional company that they were to manage, and were required to make five sets of decisions on behalf of that company. The teams initially competed in four groups as part of the semi-final round before the two highest scoring teams from each group competed for the title.
The Global Management Challenge first came to Macau in 1996, organized by the Macau Management Association (MMA). The association is a non-profit organization with the object of promoting the principles and practices of modern management.
“It is important to hold the international final in this region [Macau], one part of the world in which the Global Management Challenge has been for 20 years,” said Luis Alves Costa, a representative of the international organization.
Founded in Portugal in 1980, the Global Management Challenge is the world’s largest strategy and management competition, which now has a presence in more than 30 countries. Over its roughly 35 years of existence, more than 500,000 participants have taken part in the international competition.
Macau previously won the challenge in 2007 and was awarded runner-up (second place) in last year’s final in Prague. DB