The first round of the Global Management Challenge (GMC) - the world’s largest strategy and management competition - has begun, with teams across the globe competing to win at a national level, ahead of the international finals to be held in Dubai in April 2018.

This year, 923 UAE-based students have entered the competition across 274 teams. The teams will partake in several rounds of strategic challenges which simulate how businesses operate and compete in the global marketplace.  The winning team in each round will demonstrate the best mix of resources and decision making in earning the highest net profit for their business.

Abdulrahman Saqr, Director of HR, Al-Futtaim Automotive said: “The Challenge is an ideal platform for the development of leadership skills in young people, which are essential to produce a generation of qualified future leaders capable of building a knowledge economy and maintaining sustainable development. I am proud to see a growing number of UAE students participate each year, creating the opportunity to grow their skills, experience and network, especially as we prepare to host the international final in Dubai for the first time. At Al-Futtaim, we encourage innovation in all areas and support and nurture local talent to offer them every opportunity to grow and succeed.”

Each year there are country-level competitions, winners of which then represent their countries at the GMC Global Finals. 2018 marks the 5th year the UAE will participate in the challenge, and the first time the international finals will be held in Dubai.  The finals will see the top teams from over 30 countries come together in the emirate to compete and be crowned the Global GMC champion.

Last year’s UAE edition of the Challenge saw unprecedented interest with over 900 participants, 253 teams and 423 female participants - a 30 per cent increase from 2016.

The 2017 winning team included Khadija Al Marzouqi, Afra Al Mezaina, Auhood Al Ali and Ohood Ahmed from the Higher Colleges of Technology, who formed ‘United Spirits’, the first all-Emirati team to ever win the GMC.

To reinforce the value of ‘learning by doing’ - an integral pillar of the GMC - Al-Futtaim Automotive sent the winners to Japan to learn best business practices, and to explore and understand the fundamentals of Japanese heritage and culture. The team of four visited the Tokyo Motor Show and took part in mentorship sessions with Toyota Japan’s Senior Management team.

GMC is organised under the patronage of His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, exclusively sponsored by Al-Futtaim Automotive, a pioneer in the region’s automotive industry, with the Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF) as a Knowledge Partner and the Higher Colleges of Technology as the Strategic Academic Partner.

 

About Global Management Challenge

Global Management Challenge is the largest Strategy and Management Competition in the world with participation from more than 30 countries. More than 500,000 university students and company managers have participated in the competition over the past 30 years.  The challenge comprises a program wherein teams of managers and university students manage a virtual company in competition with each other, with the objective of achieving the highest investment performance. The simulation offers a rare opportunity for students and professionals to manage a company, without running real-world risks while taking strategic and senior management decisions. Global Management Challenge normally consists of two to three national rounds; the winning team then competes with winners of several other countries in a Global Management Challenge for a world title that is played every year in a different city across the globe. Global Management Challenge UAE is operated by Beaufort Associates, a management consulting and advisory services firm, based in Dubai Internet City.

 

About Al-Futtaim Automotive

Al-Futtaim is regarded as a pioneer in the region’s automotive industry, encompassing passenger and commercial vehicles, construction equipment, used car sales, rental and leasing, backed by trusted service and spare parts facilities.

Al-Futtaim’s automotive companies offer customers convenience, choice and the highest standards of after-sales service. Representing some of the world’s most popular and desirable brands including Toyota, Lexus, Hino, Honda, Volvo, Chrysler, Jeep, Dodge, Lotus,, four out of every 10 cars on the UAE roads are from Al-Futtaim. Other automotive B2C and B2B businesses include FAMCO, Al-Futtaim Automall, and Al-Futtaim Auto Services. A comprehensive network of showrooms, service and parts distribution centres are spread across the UAE and further afield in Oman, Qatar, Saudi Arabia, Egypt, Pakistan and Sri Lanka.

 

Source: Memac Ogilvy Public Relations