Survivors return to fray
Independent NatWest Management Challenge 1995
Your support helps us to tell the story
As your White House correspondent, I ask the tough questions and seek the answers that matter.
Your support enables me to be in the room, pressing for transparency and accountability. Without your contributions, we wouldn't have the resources to challenge those in power.
Your donation makes it possible for us to keep doing this important work, keeping you informed every step of the way to the November election
Andrew Feinberg
White House Correspondent
AFTER a summer layoff, the surviving teams in the management game being run by the Independent on Sunday with sponsorship from National Westminster Bank are once more battling for the much-sought-after pounds 10,000 prize.
Twenty teams are through the preliminary rounds of the Independent NatWest Management Challenge to be within sight of a place in the national final, which will give the winner the chance of going on to compete in Europe as well as the cash.
In the semi-final the participants, divided into four groups, have to start again with a share price of 1.19 ecus. The team in each group with the best share price at the end of the round will go forward to the final, which will take place in a London hotel next month.
The share price is moved up or down according to decisions made by the teams, in response to conditions created by the computer simulation designed by Edit 515, the Edinburgh-based academic team that developed the challenge. Greater realism than is available in some other business games is provided by competing directly against other teams in the group.
The company each team has to try to run is a medium-sized manufacturing company producing consumer goods for sale into mainland Europe and the United States. In order to do this effectively, team members must demonstrate a range of skills - including finance, production, marketing and personnel management. Some teams give individual members responsibility for each of these functions, while others, such as the team from Birmingham University featured in these pages earlier this year, take group decisions on each facet in each "quarter".
The economic situation confronting the teams is not bright. The world has been looking for an economic lead from the US, but - in the simulation - its own economy has been in depression for more than a year.
However, a number of teams have nudged their share prices. Last year's winner, Derbyshire-based Severn Trent Water, is leading one group with a stock price of 1.138 ecus. But the best performer so far is BPP Courses of London, with 1.229 ecus. The students from Birmingham are at the top of their group with 1.221 ecus and another Birmingham team - "Borg" - tops its group with 1.229 ecus.
The challenge provides teams with an opportunity to learn and refine business skills in a realistic environment.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments