The UAE Global Management Challenge, a leading strategy and management competition, has kicked off its round 1 recently following the conclusion of the trial run, which saw the participation of 47 teams with more than 200 members.

The trial run aimed to acclimatise the teams to their simulated environment, said a statement.

More than 60 teams from UAE companies and universities will now compete for the chance to become the UAE Champion, it said.

The participants within the teams will assume roles in finance, marketing, production and HR sectors and plan their business strategy. They will analyse financial and economic indicators, develop corporate strategy, interact within functional areas of a company, and gain an in-depth understanding of the market conditions in which their companies compete.

The overall aim is to maximize their virtual company’s investment return for shareholders.
 
Amina Selmani, project manager of Beaufort Associates, said: “It was an impressive trial that showcased some of the finest talent the UAE has to offer. We now look ahead to round one, where the real challenge begins for these teams.”

“The trial round gave participants the confidence to make mistakes, strategise, hone their business skills and asses the competition. The UAE champion will emerge from one of these teams and witnessing their progress in the trial run it’s bound to be a close call,” she said.

The round, which began last week, will see teams from companies pitting their skills against each other and against students of some of the finest universities in the UAE. The winner of the UAE competition will then compete at a global level in April when the international finals take place in Sochi, Russia. - TradeArabia News Service