The Invincible scoop £4,650 in student business competition

14.03.07

The Invincible scoop £4,650 in student business competition

University of Warwick team The Invincible were announced UK champions of the Global Management Challenge at yesterday?s National Final, hosted by the Chartered Institute of Management Accountants

Student teams have been competing since October 2006, with over 1,000 students taking part in the competition. The Global Management Challenge (GMC) is a strategic online business game, where student teams run a virtual company.

Governmental support
The National Final begun with a televised message of support from MP Phil Hope, Parliamentary Under Secretary of State for Skills. The teams played the game ‘live’ submitting five decisions - representing a year-and-a-quarter of their business - throughout the day. The final set of data was analysed at the end of the day, with team Invincible excelling to the top of the league with a share price of 1.528 on the virtual stock exchange.

Celebrity guest
The winning teams were announced by Paul Clark, Commercial Director of Hobsons UK, with the team in first place receiving a specially commissioned trophy plus £4,650 prize money. Syed Ahmed, a contestant on the BBC Two reality show The Apprentice, presented second place to University of Manchester team, Kaizen.

Team Invincible will now proceed to play against 23 other countries in the International Final in Macau, China on 24/25th April. The global winner will be crowned Best Virtual Business Manager in the World.

They commented: ‘We were really surprised when we were announced the winning team! Today has been very different from playing the game at university - there has been a great atmosphere. Over the past six months we have learned a lot about our team mates, and also about strategic thinking, and the importance of being relaxed and making calm decisions.’

Better luck next year!
Soton 06, one of the runner-up teams, reflected: ‘We have learned a lot today - especially how time can affect a team's performance. We would definitely like to enter the GMC next year - we would make sure we were better prepared by practising making decisions under time pressure.’

Further information
To find out more about supporting a team or sponsorship opportunities for next year's Global Management Challenge, please contact James Steiger on 020 7958 5057.

For more information about the National Final, or to obtain photos from the day, contact Collete Fardoe on 020 7958 5015

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Team image

 

Team image

 

Syed with runners up image

 

Bright Spark and mentor

 

Third place team image

 

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