The annual event, which will run until early December aims to help strengthen the competitiveness of Chinese enterprises in an international market economy and to promote integration of international practices in Chinese enterprises, said an official from the organizing committee of Global Management Challenge China '97 over the weekend.
The core of the event is based on a computer software program, which simulates various management situations that could be encountered by an enterprise in standard international market surroundings. The participants, acting as enterprise leaders, make decisions on the enterprise's production, finances, personnel, quality, sales and transport. After evaluating the decisions of participants in the same sector, the system will provide the enterprise's fiscal operations report, which will serve as the foundation of the next round .
The contest consists of three rounds. the winning teams of the first two rounds will participate in the final contest and the closing ceremony held in Beijing in early December. The winners of the final contest will be sent to Paris next March for the finals of the international competition.
The 96 teams participating in last year's event included managers of well-known enterprises, MBA students and young teachers and professors from renowned Chinese universities, the official said
(CD News) CHINADAILY vol.17NO.5199 Monday, June 16.1997