Benefits

The Global Management Challenge introduces the element of beneficial healthy competition between companies in the public arena, which, at the same time, constitutes a complex training solution. Our aim is to identify and promote the best participants and the companies involved.

The benefits arising from the contest have been identified on the basis of numerous statements made by the participants of previous editions: 
"The Spirit of Entrepreneurship"The competition is the best test of skills in business management in the European and international markets. At this stage, no risk is involved. The participants participate in a simulated business environment, and take actions implementing skills used in the real world.  This specific type of training allows the participants to develop:

• The ability to think strategically,
• Understanding of the financial aspects of business management,
• Flexibility in a dynamic environment,
• The spirit of entrepreneurship.

Through implementing their own decisions, the participants can observe relations and reactions between the different operational areas of a company. They learn how specific actions influence the added value of the company.
The main aim of the competition is to facilitate learning through practice - commonly believed to be one of the most efficient methods of preserving the knowledge gained. Through encountering various realistic situations, the participants are stimulated to think creatively and to draw conclusions. Through learning from their mistakes and accomplishments, they develop company management skills.
PromotionAs a public event, the contest is widely commented upon by its various media partners. The organization of fringe events is aimed at promoting the best participants and developing contacts on the national and international levels.  
Recruitment

One of the objectives of the contest is to make communication between companies and universities easier. In the case of companies sponsoring student teams or the registration of mixed teams, which consist of company employees and students/ graduates, Global Management Challenge facilitates the selection and recruitment of young people.  This is especially beneficial when searching for quality employees for entry positions or for an internship period. 
It is a unique opportunity to strengthen the image of a modern and attractive company, whose concerns are not only about the development of its present employees but also its future ones.

Integration 
One of the wide range of topics included in the competition is the creation of teams; these consist of representatives from different departments of a company. By interacting with each other, they have an opportunity to observe closely the operational mechanisms of the entire company.
The team members have a common objective, which is the success of their virtual company, and are strongly motivated to work in a group. The integration and cooperation of the participants enables a more efficient communication and information flow in their real company.
Careful observation of the behaviour of co-workers and competitors allows the exchange of ideas, resulting in gaining experience and the broadening business knowledge, which cannot be explained during a training session organized in a traditional way.