April 26, 2015
The setting of the event is a splendid art-deco restaurant in the heart of the city. The ambiance of the room was electric as the MC announced the winning teams.
The event marks the 32nd edition of Global Management Challenge, the world's largest strategy and management competition. The Challenge consists of a management simulation in which teams of three to five university students and young professionals are given complete control of a virtual company with the objective of obtaining the highest investment performance for its shareholders.
Teams of students and managers from 22 countries and four continents gathered in Prague to compete for the global championship of Global Management Challenge.
Team Wadi, of Wadi.com the winner of UAE Global Management Challenge, participated in the competition alongside teams from France, Spain, Russia, Hong-Kong, Portugal, Estonia and Brazil to name just a few. In March 2015, Team Wadi, a group of management professionals from Wadi.com, an online fashion store, qualified as the winner of the UAE competition and won the honor to participate in this prestigious event. Team Wadi had competed against more than 70 teams comprising over 300 participants from companies and universities around the UAE, such as DP World, Emirates Global Aluminium, New York University of Abu Dhabi and Hult Management Institute. Team Wadi won first place followed by The Achievers from Higher Colleges of Technology and Team DP World in third place. In addition, the jury selected an Emirati team, EGA2, which was recognized for its achievement, consistency of performance and dedication throughout the competition.
The winners of the international finals of Global Management Challenge this year are a team of managers from Russia. Next year's global competition will take place in Macau, and it represents yet another opportunity for the 2016 UAE winners of the competition to come home with the trophy, thus affirming the country's relentless desire to excel in anything and everything. Such a triumph would undoubtedly harness enough interest from the business community to give the UAE a real chance to host the international event.
Companies and university students are invited to register for the third edition of UAE Global Management Challenge by contacting the organizer by e-mail amina@managementchallege.ae or telephone 04-3910229.
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About Global Management Challenge
Global Management Challenge is the largest strategy and management competition in the world, with participation from more than 30 countries. In excess of 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.
For more information visit: www.managementchallenge.ae
© Press Release 2015
