On April 18, 2018, the International final of Global Management Challenge (GMC) 2017 edition was successfully concluded in Dubai UAE. For the first time representing China at the event, students of SCUT School of Business Administration (SBA) vied for the world title against strong opponents in the international arena. After two stages of ten rounds of intense competitions in two days, the SBA team captured the second place and achieved the best result for China since 2007.
The international final was carried out among winning teams of nearly 40 countries and regions all over the world. The SBA team put in a brilliant performance in the first day of semi-finals and broke into the final stage as the second best in the group. Although once fell behind in the final session, the five SBA students promptly adjusted their strategy and eventually claimed the second prize in the event.
The SBA team secured the only national ticket to the international final by prevailing against 1,984 teams competing in the China zone of the event earlier in January this year. It included five undergraduate students: PEI Huafei (team leader, Industrial Engineer Class of 2014), LUO Kaiyi (Industrial Engineer Class of 2014), CONG Huafeng (Industrial Engineer Class of 2014), LI Haocheng (Financial Management Class of 2015), and LAO Ziyu (Business Management Class of 2016). Prof. ZHANG Weiguo, Prof. LI Weining, and Dr. CHEN Weihong served as mentors.
Reputed as the Olympic Games of management simulations, the Global Management Challenge emerged in Europe and now is the largest international competition in business management. Centered on management decision, the contest involves different functional areas in a business, such as development strategy, production, R&D, marketing, human resources, investment and finance. By simulating the real operation of a company in the market economy, it gives its participants opportunity to put theory learned into practice and demonstrate their professional competence.