By Christine Muchira
Students from Kenyatta University have beaten a total of 40 other teams to emerge winners of the Kenyan chapter of the Global Management Challenge (GMC).
The five young men and women will go ahead to represent the country at the GMC International Finals, which will be held in April, in Macau, The People’s Republic of China.
They will compete with top participants from other countries for the GMC World Title.
GMC is the world’s largest management & strategy competition and has been running since 1980.
It is currently present in 35 countries worldwide and has more than 500,000 university students and company managers participating globally.
The GMC is in its second edition in Kenya.
Participants use an online tool to manage and grow virtual businesses, making decisions about: dividend pay outs, debt, cash flow management, capital investment, operations, marketing, and resourcing. They are all evaluated on their business’s performance.
The final stage of the national competition had a total of eight teams compete to represent Kenya in China.
This included teams from: Jomo Kenyatta University of Agriculture & Technology, the Kenya College of Accountancy, Strathmore University, the United States International University, Kenyatta University as well as Lapid Leaders Africa.
“The Global Management Challenge (GMC) Kenya continues to attract a high calibre of participants, and this year proved an especially close competition. With every edition that passes, we are seeing an increased appetite from young people from diverse academic and commercial backgrounds, who are interested in exploring different learning opportunities and challenges,” explained Asim Shah, founder of the Kenyan chapter of the Global Management Challenge.
“What this competition is teaching us, is that providing an avenue for young people to learn from and inspire each other will see their skill sets grow, making them more employable. We congratulate the winning team, and wish them all the best as they go ahead to represent Kenya in the International Finals.”
The winning team was unveiled in Nairobi at a cocktail event themed ‘Self-learning for the next generation of business leaders & entrepreneurs.’
The GMC was launched in Kenya to help bridge the gap between formal learning and the needs of the work place and businesses.
“The competition has really taught us how to work as a team, and had given us practical experience of how corporates work and how decisions are made at the highest level of organizations.
The winning experience was amazing for my team. We look forward to representing our country to the highest level in China at the international finals, and to portray Kenya as a country of great minds and promising young people,” said Oliver Maina, leader of the winning team Team Gladiators.
The second edition of the GMC brought together teams from various Kenyan universities and workplaces including University of Nairobi, Strathmore University, Jomo Kenyatta University of Agriculture & Technology, Kenyatta University, Egerton University, Daystar University, Oshwal College, Pan Africa Christian University and Kabarak University.
The third edition of the GMC will kick in August 2016.