Students and managers have been competing for more than 8 weeks in the second edition of UAE Global Management Challenge. Out of the 78 participating teams team Wadi from Wadi.com qualified to proceed to the international finals which will be held in Prague, next month.
The UAE finals were hosted by Emirates Academy for Hospitality Management on March 28th. 2015, where the six finalists battled all day in a convivial yet competitive ambiance.
Team Wadi was closely followed by the runner up team The Achievers from Higher Colleges of Technology sponsored by H Hotel and the second runner up Team DP World from DP World.
The winning team was announced during the annual award ceremony which was hosted at the H hotel. The awards were distributed by the jury members, Mr Abdulrahman Saqr, Director HR, Al Futtaim Automotive and Mr Hamed Kazim, CEO HK Consulting & Senior Advisor, PwC. The event was attended by competition participants as well as representatives of universities and corporates that had sent teams to the competition.
The second edition has registered a higher number of participants (78 teams, 338 participants versus 63 teams, 293 participants last year) of which several student teams were sponsored by local and multinational companies.
A number of last year’s contenders couldn’t resist the temptation to take on the challenge and test their management skills for a second time. The winning and the runner up teams included participants who were taking part in the competition for the second year running.
The Global Management Challenge is the world’s largest strategy and management competition that consists of a simulation in which teams of 3 to 5, comprising of university students and corporate professionals, are given complete control of a virtual company with the objective of obtaining the best investment performance for their shareholders. Competitors analyze financial and economic data and indicators, expand their views on corporate strategy, interact with functional areas of a company and gain an in-depth understanding of the market conditions in which their companies compete.