39
T
he Macau Manage- earned the right to compete in Bank, has been competing from the 2007 International
ment Association the 2009 International Final. for a number of years but has Final held in Bucharest, Ro-
(MMA) will play fallen short of the prize. mania.
host to the 2010 Internation- Competitive edge MMA Council Chair-
al Final event featuring the This year’s Macau final “was Record numbers man Tommy Lau says that
participation of a record 34 one of the most competitive Both the local and Hong since its local inception, the
countries and regions, to be to date,” MMA deputy secre- Kong heats, organised by GMC has created an inter-
held in Macau in Spring next tary general Paulina Luk told the MMA, saw a record national platform for Macau
year. Macau Business. number of teams entering the people to meet others with
The Global Management In a nutshell the competi- challenge this year, 190 for different cultures, values and
Challenge, a real time busi- tion is a strategy and manage- Macau and 147 in the sister management skills.
ness market simulation, is the ment simulation where teams SAR, adding up to 1,000 par- “This is a valuable as-
world’s largest strategy and of up to five members run a ticipants in total. set especially at a time when
management competition, stock listed company com- Macau has been compet- Macau is becoming an inter-
counting more than 400,000 peting to achieve the highest ing in the GMC for more than national city, with numerous
participating university stu- share price in their market by 20 years and only recently has business opportunities com-
dents and junior managers making decisions in five key it seen its perseverance re- ing from different parts of the
over its 30 plus year history. areas: Human resources; pro- warded, when it brought home world,” he says.
The announcement of duction; sales and marketing; the Championship Trophy
next year’s International Final accounting and finance. Big decisions
host was made concurrently “VR Omega,” compris- The competition provides
with the announcement of ing five mainland account- thousands of youngsters,
the Macau, and neighbouring ing students attending their
This year’s
from university students to
Hong Kong SAR, representa- fourth year at MUST, beat the
Macau final
aspiring junior talents, a risk-
tives in the 2009 competition. favourites by “only a centesi-
“was one of
free opportunity to experi-
Macau University of Sci- mal point.”
the most
ence being a top manager of
ence & Technology (MUST) Team “David (Bank of
competitive
an organisation and to make
team “VR Omega” and Hong China Macau Youth Associa-
to date”
the executive decisions that,
Kong University of Science tion),” led by veteran GMC ultimately, will determine the
Paulina Luk
& Technology (HKUST) player and three times local fate of the company in the
team “Excel” scooped the champion, David Ho, a junior market.
MOP30,000 first place cash executive at a local branch GMC emphasises the
prize at their local heats and of the mainland’s Central participants´ opportunities to
Play the game
T
he simulation program of GMc,
known as EDIT 515, is the creation
of a group of economists in the
Department of Operational research at
Strathclyde University in Scotland.
Their challenge, posed by the
Glasgow chamber of commerce 36
years ago, was to create an information
technology application that could test
the outcome of strategic management
decisions by a company against its
competitors.
In a typical challenge, each
participating team receives the last five
quarter’s history of a company. In Macau, SDG asia holds the authority of Macau, BNU, cTM and
after carefully studying the franchise, while the competition itself is aIcEP Portugal.
company’s past performance and its organised by the Macau Management Macau Business and Business
operating market, it devises a business association (MMa) and sponsored by Intelligence magazines - flagship
strategy. the Macau Foundation, Golden crown financial publications (in English and
National heats for the GMc are Development ltd, The hong Kong and chinese) published by De Ficção
organised by a local business franchise Shanghai Banking corporation (hSBc), Multimedia Projects - are media
of lisbon-based Sociedade de Modelos cEM, the Macau Government Tourist partners of the competition.
de Gestão (SDG), in concert with one Office, the Macau Trade and Investment For more information, log on to
or more media partners worldwide. Promotion Institute, the Monetary
www.gmc-asia.com. L.P.
March 2010
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