Global Management Challenge business management championships

Global Management Challenge is the world’s largest strategic management championship, combining the world’s leading experience in business education. The championship is based on a comprehensive computer business simulator (game model), which makes it possible to gain experience in managing a company equal to several years of work in a global competition in less than a month, as well as apply theoretical knowledge in practice and work out basic managerial and personal skills.

The Championship is a system of management championships and consists of several subprojects: Regional Cup, Federal District Cup, University Cup, Open National Stage, etc. Each subject of the Russian Federation can organize its own regional cup and thereby be guaranteed to take part in the national final of the championship.

For the region, it is a major media event with a wide audience coverage and the possibility of mass development of managerial competencies, personal and social skills.

The content of the championship:

1. Before the start of each round, the organizers form groups (independent competitive markets), including up to 8 teams each.

2. At the beginning of the round, the teams receive electronically a single history of the virtual company for all participants.

3. Each round consists of several virtual periods (quarters), during which the teams make management decisions and send them through a special form on the Internet within specified time. The number of periods and their duration is published before the start of the round.

4. The teams with the highest investment attractiveness of the virtual company from each round and each group become the winners at the end of the last gaming quarter. The investment attractiveness is automatically calculated by the business simulator and is based on the decisions made by the teams. The evaluation of the business simulator is final and not subject to appeal.

5. The number of the teams from each group that can advance to the next round of the Championship is published at the beginning of the round and depends on the actual number of participating teams.

6. The winning team of the Championship Professional League receives a paid ticket to the International Final of the Global Management Challenge competition (hereinafter referred to as the International Final), where it will represent Russia among other teams that have won in their countries. The organizers of the Championship provide the team with tickets and hotel accommodation.

7. The winning team of the Championship Student League receives a paid ticket to the International Finals, where it will support the winning team of the Professional League.

There are two directions in the championship: professional and student.

The professional direction includes the following categories of participants:

• Small and medium-sized businesses: the number of employees is up to 250 people, turnover is less than 2 billion rubles per year;

• Participants of additional professional education programs: Master of Business Administration (MBA), Presidential Program, etc.;

• Teachers;

• State and municipal employees;

• Employees of budgetary institutions;

• Large business: the number of employees is more than 250 people or turnover is over 2 billion rubles per year.

The student direction includes two categories of participants: students and postgraduates. Students of Russian universities and institutions of secondary vocational education under the age of 25 years inclusive are allowed.

To popularize entrepreneurship and develop basic business competencies, a competition among schoolchildren of grades 10-11 is held separately. The cup ends with a full-time regional final with the participation of the best 8-16 teams.