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Bonus - Alternative scenario versions

01.12.2018

List of all scenario versions:

1. 12C1
2. 12C3
3. 14C1
4. 14C1(RU)
5. 14C1(RU2)
6. 14C3
7. 15C1
8. 15C1(2)
9. 15C1(3)
10. 15C1(4)
11. 15C1(5)
12. 15C1(RU)
13. 15C1(RU2)
14. 16C1
15. 16C1(2)
16. 16C1(RU)
17. 16C1(RU2)
18. 16C1(RU3)
19. 16C1(RU4)
20. 16C1(RU5)
21. 17C1
22. 17C1(2)
23. 17C1(3)
24. 17C1(4)
25. 17C1(5)
26. 17C1(6)
27. 17C1(RU)
28. 17C1(RU2)
29. 18C1

Organizers of the Global Management Challenge championship annually release 1-2 (more often 1 than 2) new scenarios. Each scenario contains unique settings for markets, business news, etc. In any country, teams will play absolutely in the same conditions if the same scenario is played in the round (fair play).

However, for individual rounds, an existing scenario may be slightly modified. As a rule, these are particularly significant rounds, for example, the international final or final rounf national championship (usually China or Russia).

How does this happen? At the beginning of the round, each team receives a set of history reports and prepares a decision for 1 period. For a specific scenario, teams already have a decision based on the experience (as a rule it should be done). After processing decisions, each team receives a management report and ... surprise! Situation on the market has changed dramatically and instead of growing sales of products, demand for them, on the contrary, fell. Teams were left with unsold stock warehouse and a lack of understanding of what was going on.

So that is how organizers are launching an alternative version of the existing scenario. It can be recognized by changed parameters of the management report, most often it is the price of raw materials - it will differ from the price in already known scenario version.

For example, currently 3 versions of the 17C1 scenario are known. In the normal version of scenario 17C1, price of raw materials by periods takes the following values (SPOT, 3 months, 6 months):

1. 79,567, 75,192, 71,611
2. 79 336, 75 369, 71 403
3. 79 345, 75 378, 71 410
4. 78 498, 75 378, 71 410
5. 78 498, 75 387, 71 419

In the alternative version of scenario 17C1(2), price of raw materials by periods differs:

1. 78 801, 75 648, 70 921
2. 79 164, 75 205, 71 247
3. 79 164, 75 205, 71 247
4. 79 129, 75 172, 71 217
5. 77 980, 74 862, 70 182

This is a hint for players that market in current round will be different and you need to be prepared for all sorts of surprises. This version of scenario was used in semi-final of championship of Russia in the season 2017: 17C1(2)-RU 2017-5. In fact, it was one of the last rounds before international final, where organizers tested this version of 17C1(2).

Before international final in season of 2017, an alternative version of 17C1(2) scenario was further developed and version 17C1(3) turned out, where price of raw materials takes the following values:

1. 78 801, 75 648, 70 921
2. 80 746, 75 957, 71 958
3. 80 745, 76 708, 72 670
4. 79 129, 75 172, 71 217
5. 79 129, 74 862, 70 182

As can be seen from the price of raw materials, 1 period remained unchanged, but then organizers twisted something up. It is noteworthy that team from Russia just played scenario 17C1(2) in semi-final and should have been ready for such turn of events at the international final, but could not properly apply their knowledge and remained outside the TOP-3.

Pay attention to tips in management report.

Scenario 12C1 (origin version)

Business report:

1. History 1 – Forecasts for growth in the EU are based on unrealistic expectationssay some rating agencies. They claim that even the total of privatesector and consumer demand and foreign trade will not be able to drivea recovery.
2. History 2 – Management are returning to analysing their results to improveprofits. For example they are measuring the response to advertisingbudgets and reinvesting in the responsive media.
3. History 3 – The US central bank is prepared to take action if the risks posedby the euro zone crisis threaten US recovery.
4. History 4 – Some hi tech companies are increasing revenues by selling theirproducts to companies making smart phones. By focussing on improvingthe performance and reducing power consumption of their products theyhave doubled sales. Research and development has paid off.
5. History 5 – The US dollar is forecast to make gains against the Euro asinvestors seek safe havens for their funds. Fears about globalgrowth are reinforcing this trend.
6. Report 1 – Government policies world wide of supporting their own nationalfinancial situation may increase commodity prices by boostinginflation. This may not be the result they intended.
7. Report 2 – The European Central bank's lending of of more than 800 billion eurosto eurozone banks has done little to encourage them to lend tobusinesses.
8. Report 3 – The price of iron ore has surged. It is outperforming oil and copper.The price of iron ore is critical since it feeds into steel andultimately into the price of many consumer products. Whether thiscontinues depends on the demand from countries such as China.
9. Report 4 – Commodity prices are beginning to retreat as concerns about a strongdollar and falling economic confidence begin to loom. The prices ofOil, gold and copper are beginning to slide.
10. Report 5 – Export of expensive Swiss watches have increased. There still seemto be markets for high quality goods.

Scenario 12C3 (origin version)

Business report:

1. History 1 – Governments are looking at ways to regulate investment managers. Theyare concerned that the best interest of customers have been ignoredin the past and wish to ensure this situation is corrected.
2. History 2 – European orders have been flat in past quarters. Production managershave to decide whether to reduce output. Can the marketing teamincrease orders or is this expecting too much?
3. History 3 – Asian manufacturing grew recently boosted by a growth in exports.This has offset weak domestic demand.
4. History 4 – Information is critical to the ongoing development of business.Often the management team are so busy dealing with day to daydecisions that they cannot keep abreast of new developments.
5. History 5 – The International Monetary Fund is concerned that loans givento southern Europe may not be repaid in full. The northenEuropean countries may have to provide the shortfall.
6. Report 1 – Global developments may not always bring growth for all of thenational parties involved. Sometimes a weaker partner carriesthe brunt of cost reductions and this can cause threats oflocal disruption.
7. Report 2 – Mobile phones are transforming the way some rural farmers are doingbusiness. Previously isolated from information on weatherforecasting or the latest market prices they now use theirphones to keep up to date. In some countries farmers account fora reasonable percentage of GDP and therefore this technology iswelcome.
8. Report 3 – Energy forecasters are predicting that because the US will be ableto access vast reserves of gas and oil from shale rock deposits itis set to become the biggest global gas and oil producer. Europe isinterested in this development. It may reduce costs.
9. Report 4 – European Union energy policy has concentrated on the reductionof CO2 emissions. This has led to the need to increase renewablepower capacity. The timescales for the reduction of CO2 are short.Can Europe maintain security of supply and affordability to customersand still meet these targets?
10. Report 5 – Is the future of the global economy one of pessimism? Will the Eurozonecrisis be resolved shortly? Can a reduction in the cost of energy help?

Scenario 14C1 (origin version)

Business report:

1. History 1 - The core economies in Europe are faltering. However other areas areshowing an increase in output. This indicates that while theeurozone as a whole may grow there will be variability withinmarkets.
2. History 2 - Measuring international aircraft travel is one way of showingthe change in world economics. The fast growing economiesof South-East Asia are expected to require more pilots as theirpopulations become richer and people start travelling more.
3. History 3 - Attempts to take products up market may lead to a fall off inprofitability if companies do not carry their customers withthem. Existing customers may be alienated at the increase inprices.
4. History 4 - Academic qualifications are taking a back seat to practical skillswhich can deliver more tangible returns for business. The economicsituation has caused management of businesses to focus on hard skills.
5. History 5 - Raw material costs have increased in recent years. Prices quoted forthe future may stabilise and not be subject to sudden variation.
6. Report 1 - The IMF has reduced its forecast for the US economy. Severe weatherhad an effect on production levels causing concern for the economy.This resulted in slow employment growth.
7. Report 2 - Debt in the developed world is at a higher level than before thefinancial crisis. this is expected to cause an increase in world.interest rates. Many central banks are holding interest rates down.How long can this last and what will the impact be on globaleconomies if interest rates suddenly rise?
8. Report 3 - Small companies often lead the drive to economic recovery. Usingthe internet to boost sales is one way that these companies canincrease marketing results and reduce costs.
9. Report 4 - Asia has become a source of capital for small hi tech start-upcompanies. Although this market is smaller than silicon Valley itis growing.
10. Report 5 - The IMF has suggested that the eurozone could benefit from increasinginfrastructure spending. The claim is that this policy is mosteffective in low growth high quality infrastructure economiesrunning below their potential.

Scenario 14C1(RU) (alternative russian version with 4 game periods, where 1 decision was made by organizing committee)

Business report:

1. History 1 - The core economies in Europe are faltering. However other areas areshowing an increase in output. This indicates that while theeurozone as a whole may grow there will be variability withinmarkets.
2. History 2 - Measuring international aircraft travel is one way of showingthe change in world economics. The fast growing economiesof South-East Asia are expected to require more pilots as theirpopulations become richer and people start travelling more.
3. History 3 - Attempts to take products up market may lead to a fall off inprofitability if companies do not carry their customers withthem. Existing customers may be alienated at the increase inprices.
4. History 4 - Academic qualifications are taking a back seat to practical skillswhich can deliver more tangible returns for business. The economicsituation has caused management of businesses to focus on hard skills.
5. History 5 - Raw material costs have increased in recent years. Prices quoted forthe future may stabilise and not be subject to sudden variation.
6. Report 1 - Экономическая ситуация в мире стоит на грани кризиса из-за нарастающей угрозы распространения неизвестного вируса, а также сильного падения цен на нефть.Рынки стран Восточной Азии уже столкнулись с колоссальным падением продаж из-за бушующей в регионе эпидемии. Эксперты прогнозируют значительное снижение спроса на традиционных рынках. Потребители все реже посещают магазины и предпочитают совершать покупки в интернете.
7. Report 2 - Debt in the developed world is at a higher level than before thefinancial crisis. this is expected to cause an increase in world.interest rates. Many central banks are holding interest rates down.How long can this last and what will the impact be on globaleconomies if interest rates suddenly rise?
8. Report 3 - Small companies often lead the drive to economic recovery. Usingthe internet to boost sales is one way that these companies canincrease marketing results and reduce costs.
9. Report 4 - Asia has become a source of capital for small hi tech start-upcompanies. Although this market is smaller than silicon Valley itis growing.
10. Report 5 - The IMF has suggested that the eurozone could benefit from increasinginfrastructure spending. The claim is that this policy is mosteffective in low growth high quality infrastructure economiesrunning below their potential.

Scenario 14C1(RU2) (alternative russian version with 4 game periods, where 1 decision was made by organizing committee)

Business report:

1. History 1 - The core economies in Europe are faltering. However other areas areshowing an increase in output. This indicates that while theeurozone as a whole may grow there will be variability withinmarkets.
2. History 2 - Measuring international aircraft travel is one way of showingthe change in world economics. The fast growing economiesof South-East Asia are expected to require more pilots as theirpopulations become richer and people start travelling more.
3. History 3 - Attempts to take products up market may lead to a fall off inprofitability if companies do not carry their customers withthem. Existing customers may be alienated at the increase inprices.
4. History 4 - Academic qualifications are taking a back seat to practical skillswhich can deliver more tangible returns for business. The economicsituation has caused management of businesses to focus on hard skills.
5. History 5 - Raw material costs have increased in recent years. Prices quoted forthe future may stabilise and not be subject to sudden variation.
6. Report 1 - The IMF has reduced its forecast for the US economy. Severe weatherhad an effect on production levels causing concern for the economy.This resulted in slow employment growth.
7. Report 2 - Debt in the developed world is at a higher level than before thefinancial crisis. this is expected to cause an increase in world.interest rates. Many central banks are holding interest rates down.How long can this last and what will the impact be on globaleconomies if interest rates suddenly rise?
8. Report 3 - Small companies often lead the drive to economic recovery. Usingthe internet to boost sales is one way that these companies canincrease marketing results and reduce costs.
9. Report 4 - Asia has become a source of capital for small hi tech start-upcompanies. Although this market is smaller than silicon Valley itis growing.
10. Report 5 - The IMF has suggested that the eurozone could benefit from increasinginfrastructure spending. The claim is that this policy is mosteffective in low growth high quality infrastructure economiesrunning below their potential.

Scenario 14C3 (origin version)

Business report:

1. History 1 - The green policies promoted by the European Union are impactingon energy costs. initially the claim was that these policies wouldhelp to reduce costs. Now the subsidies required are being past onto consumers.
2. History 2 - There is a recovery in construction in the US. It is hopedthis may will continue into the future. The dollar should risein value if this happens..
3. History 3 - The International Monetary Fund is suggesting that advancedeconomies should borrow to spend on key infrastructure projects.The say that the Eurozone would benefit most.
4. History 4 - Moving a brand upmarket without listening to customers can risklosing them. Increasing the quality of material can cause sucha shift possibly leading to loss of sales.
5. History 5 - The Eurozone continues to struggle. There seems to some optimismthat the peripheral economies are controlling public expenditureand showing some growth. The core countries are still struggling.
6. Report 1 - The global economy has seen some extreme disruptions.Inflation fears have caused governments to suddenly increasetheir interest rates. Exchange rates have also been affected.
7. Report 2 - financial interactions among regions in the global economy arecomplex. Politics and government power struggles can be asinfluential as the economic factors.
8. Report 3 - The absence of essential reforms in some European countries isholding back required developments. The combination of aninefficient public sector and a shortage of private sectorcompanies prevents them competing successfully in EU markets.this can affect company valuations.
9. Report 4 - This is the traditional shopping season around the world.Countries expect to achieve increased sales. However increasedinterest rates can have a bigger impact in some countries thanin others.
10. Report 5 - The US dollar has gained against the Euro. This can be attributedto a growing confidence in the American economy.

Scenario 15C1 (origin version)

Business report:

1. History 1 - Financial problems in the Eurozone have lead to companies dismissingstaff. Many of these skilled staff have set up their own businessesto improve their financial situation.
2. History 2 - Small businesses can gain advantages over their larger competitorsby giving faster turn round times and improving on existingproducts.
3. History 3 - Small businesses depend on good teamwork. Team members must havethe skills required to carry out their own function and be ableto understand the functions of the others. Where all of the membersoperate profesionally the results can be well above those of othergroups.
4. History 4 - Economists have long held the view that investment is the pathto economic growth. Traditionally the investment centred ontangible assets. Now they have broadend this scope to includeresearch and development and employees' skills.
5. History 5 - Excellence in leadership combined with good customer service andfinancial expertise are essential if a business wishes to achieveexpansion and increase market share.
6. Report 1 - Financial forecasts seem to predict a period of economic doldrums.Steady interest rates are predicted because of fear of turbulencein the international markets.
7. Report 2 - Crude oil prices are predicted to stay low. Low demand and oversupply are the culprits. This may be welcome for some countriesbut it suggests financial problems for others.
8. Report 3 - Strong currencies create interesting discussions in the countriesaffected. Some welcome the result as a mark of success while otherspredict a loss of competitiveness in export markets..
9. Report 4 - Retailers are wary of a post festive season slump. Retailers ofelectronic equipment are especially worried about facing a bleakquarter.
10. Report 5 - Emerging economies are vulnerable to any world wide financial slowdown.They may not have the flexibility to fend off such a downturn.

Scenario 15C1(2) (alternative version)

Business report:

1. History 1 - Financial problems in the Eurozone have lead to companies dismissingstaff. Many of these skilled staff have set up their own businessesto improve their financial situation.
2. History 2 - Small businesses can gain advantages over their larger competitorsby giving faster turn round times and improving on existingproducts.
3. History 3 - Small businesses depend on good teamwork. Team members must havethe skills required to carry out their own function and be ableto understand the functions of the others. Where all of the membersoperate profesionally the results can be well above those of othergroups.
4. History 4 - Economists have long held the view that investment is the pathto economic growth. Traditionally the investment centred ontangible assets. Now they have broadend this scope to includeresearch and development and employees' skills.
5. History 5 - Excellence in leadership combined with good customer service andfinancial expertise are essential if a business wishes to achieveexpansion and increase market share.
6. Report 1 - Financial forecasts seem to predict a period of economic doldrums. Steady interest rates are predicted because of fear of turbulence in the international markets.
7. Report 2 - Economists are beginning to question whether stagnation in world markets will continue or whether the funds that have been saved by wary investors will now become available to reflate markets.
8. Report 3 - Financial experts are presenting conflicting views of the global economy. Some are full of gloom and doom. Others think that this phase is past and that steady improvement is on the way.
9. Report 4 - Politicians are concerned that the gap between the rich and the poor is increasing. The wealth of the rich keeps increasing while the wealth of the poor remains constant.
10. Report 5 - Employees with high skills are becoming a global comodity. Higher education is expensive and countries cannot afford to lose their trained people.

Scenario 15C1(3) (alternative version)

Business report:

1. History 1 - Financial problems in the Eurozone have lead to companies dismissingstaff. Many of these skilled staff have set up their own businessesto improve their financial situation.
2. History 2 - Small businesses can gain advantages over their larger competitorsby giving faster turn round times and improving on existingproducts.
3. History 3 - Small businesses depend on good teamwork. Team members must havethe skills required to carry out their own function and be ableto understand the functions of the others. Where all of the membersoperate profesionally the results can be well above those of othergroups.
4. History 4 - Economists have long held the view that investment is the pathto economic growth. Traditionally the investment centred ontangible assets. Now they have broadend this scope to includeresearch and development and employees' skills.
5. History 5 - Excellence in leadership combined with good customer service andfinancial expertise are essential if a business wishes to achieveexpansion and increase market share.
6. Report 1 - Financial forecasts seem to predict a period of economic doldrums.Steady interest rates are predicted because of fear of turbulencein the international markets.
7. Report 2 - Economists are beginning to question whether stagnation in worldmarkets will continue or whether the funds that have been savedby wary investors will now become available to reflate markets.
8. Report 3 - Exports in the Eurozone are showing signs of improving.This is probably caused by the combination of the weak Eurowith cheap oil and quantitative easing.
9. Report 4 - Investors are being warned that they must learn to handle businesscycles in the market place. They have to build resilience intotheir decisions ahead of future downturns.
10. Report 5 - Climate change is being blamed for the increase in severe weatherconditions. If this is true companies will have to spend more onprotecting the physical assets of their businesses.

Scenario 15C1(4) (alternative version)

Business report:

1. History 1 - Financial problems in the Eurozone have lead to companies dismissingstaff. Many of these skilled staff have set up their own businessesto improve their financial situation.
2. History 2 - Small businesses can gain advantages over their larger competitorsby giving faster turn round times and improving on existingproducts.
3. History 3 - Small businesses depend on good teamwork. Team members must havethe skills required to carry out their own function and be ableto understand the functions of the others. Where all of the membersoperate profesionally the results can be well above those of othergroups.
4. History 4 - Economists have long held the view that investment is the pathto economic growth. Traditionally the investment centred ontangible assets. Now they have broadend this scope to includeresearch and development and employees' skills.
5. History 5 - Excellence in leadership combined with good customer service andfinancial expertise are essential if a business wishes to achieveexpansion and increase market share.
6. Report 1 - slowdown in the Chinese economy has impacted on the global economy.Sales of goods have dropped and investment is slowing down.
7. Report 2 - Cyber attacks on businesses are on the increase. These attacks arecostly to the businesses that are successfully attacked. The cost ofrecovery is compounded by the loss of customer confidence and lossof sales
8. Report 3 - Economists have been looking at the impact of tax havens onbusiness development. One view is that this hidden wealth couldhave been used to create innovation in the businesses concerned.
9. Report 4 - There is hope that the Eurozone may be about to have a cyclicalupswing. The weak Euro together with cheap oil and quantitativeeasing are predicted to produce a surge in manufacturing.
10. Report 5 - n/a

Scenario 15C1(5) (alternative version)

Business report:

1. History 1 - Financial problems in the Eurozone have lead to companies dismissingstaff. Many of these skilled staff have set up their own businessesto improve their financial situation.
2. History 2 - Small businesses can gain advantages over their larger competitorsby giving faster turn round times and improving on existingproducts.
3. History 3 - Small businesses depend on good teamwork. Team members must havethe skills required to carry out their own function and be ableto understand the functions of the others. Where all of the membersoperate profesionally the results can be well above those of othergroups.
4. History 4 - Economists have long held the view that investment is the pathto economic growth. Traditionally the investment centred ontangible assets. Now they have broadend this scope to includeresearch and development and employees' skills.
5. History 5 - Excellence in leadership combined with good customer service andfinancial expertise are essential if a business wishes to achieveexpansion and increase market share.
6. Report 1 - Financial forecasts seem to predict a period of economic doldrums.Steady interest rates are predicted because of fear of turbulencein the international markets.
7. Report 2 - Crude oil prices are predicted to stay low. Low demand and oversupply are the culprits. This may be welcome for some countriesbut it suggests financial problems for others.
8. Report 3 - Strong currencies create interesting discussions in the countriesaffected. Some welcome the result as a mark of success while otherspredict a loss of competitiveness in export markets..
9. Report 4 - Retailers are wary of a post festive season slump. Retailers ofelectronic equipment are especially worried about facing a bleakquarter.
10. Report 5 - Emerging economies are vulnerable to any world wide financial slowdown.They may not have the flexibility to fend off such a downturn.

Scenario 15C1(RU) (alternative russian version with 4 game periods, where 1 decision was made by organizing committee)

Business report:

1. History 1 - Financial problems in the Eurozone have lead to companies dismissingstaff. Many of these skilled staff have set up their own businessesto improve their financial situation.
2. History 2 - Small businesses can gain advantages over their larger competitorsby giving faster turn round times and improving on existingproducts.
3. History 3 - Small businesses depend on good teamwork. Team members must havethe skills required to carry out their own function and be ableto understand the functions of the others. Where all of the membersoperate profesionally the results can be well above those of othergroups.
4. History 4 - Economists have long held the view that investment is the pathto economic growth. Traditionally the investment centred ontangible assets. Now they have broadend this scope to includeresearch and development and employees' skills.
5. History 5 - Excellence in leadership combined with good customer service andfinancial expertise are essential if a business wishes to achieveexpansion and increase market share.
6. Report 1 - Financial forecasts seem to predict a period of economic doldrums.Steady interest rates are predicted because of fear of turbulencein the international markets.
7. Report 2 - Crude oil prices are predicted to stay low. Low demand and oversupply are the culprits. This may be welcome for some countriesbut it suggests financial problems for others.
8. Report 3 - Strong currencies create interesting discussions in the countriesaffected. Some welcome the result as a mark of success while otherspredict a loss of competitiveness in export markets..
9. Report 4 - Retailers are wary of a post festive season slump. Retailers ofelectronic equipment are especially worried about facing a bleakquarter.
10. Report 5 - Emerging economies are vulnerable to any world wide financial slowdown.They may not have the flexibility to fend off such a downturn.

Scenario 15C1(RU2) (alternative russian version with 4 game periods, where 1 decision was made by organizing committee)

Business report:

1. History 1 - Financial problems in the Eurozone have lead to companies dismissingstaff. Many of these skilled staff have set up their own businessesto improve their financial situation.
2. History 2 - Small businesses can gain advantages over their larger competitorsby giving faster turn round times and improving on existingproducts.
3. History 3 - Small businesses depend on good teamwork. Team members must havethe skills required to carry out their own function and be ableto understand the functions of the others. Where all of the membersoperate profesionally the results can be well above those of othergroups.
4. History 4 - Economists have long held the view that investment is the pathto economic growth. Traditionally the investment centred ontangible assets. Now they have broadend this scope to includeresearch and development and employees' skills.
5. History 5 - Excellence in leadership combined with good customer service andfinancial expertise are essential if a business wishes to achieveexpansion and increase market share.
6. Report 1 - Financial forecasts seem to predict a period of economic doldrums.Steady interest rates are predicted because of fear of turbulencein the international markets.
7. Report 2 - Crude oil prices are predicted to stay low. Low demand and oversupply are the culprits. This may be welcome for some countriesbut it suggests financial problems for others.
8. Report 3 - Strong currencies create interesting discussions in the countriesaffected. Some welcome the result as a mark of success while otherspredict a loss of competitiveness in export markets..
9. Report 4 - Retailers are wary of a post festive season slump. Retailers ofelectronic equipment are especially worried about facing a bleakquarter.
10. Report 5 - Emerging economies are vulnerable to any world wide financial slowdown.They may not have the flexibility to fend off such a downturn.

Scenario 16C1 (origin version)

Business report:

1. History 1 - Financial forecasters are pessimistic about the global outlook.Governments are changing fiscal policies to increase confidence.
2. History 2 - European Union policy makers are being asked to make innovativechanges in investment and infrastructure to boost flagging economies.
3. History 3 - Ongoing years of near recession have turned consumers into bargainhunters. Manufacturers need lean business models to survive in thisenvironment.
4. History 4 - Competitive opposition has forced businesses to reduce margins tosurvive. These may continue to fall as competitors reduce prices.Only committed managements with shareholders confidence will thrive.
5. History 5 - Upgrading the quality of goods to offset the advances of the oppositionhas become good management strategy.
6. Report 1 - Companies are making more use of the internet to promote theirbusiness. This increases the threat of cybercrime taking place.The use of smart-phones and tablets also enhances these threats.
7. Report 2 - The US Dollar has increased in value and should reduce U.S. exports.American companies may be starting to feel the effect of the strongerdollar on the US economy.
8. Report 3 - Lean production reduced wastage related to both materials and humanresources and is likely to become used by more manufacturers.Savings made will be enhanced by the use of renewable energy.This will reduce the costs of manufacturing enabling companiesmake long-term savings.
9. Report 4 - Unemployment rates are variable across the European Union. Spain hasa rate more than three times that of Germany while France and Italyhave a rate about twice that of Germany. Youth unemployment is muchhigher. Economic policy does not seem to have much impact on thissituation
10. Report 5 - Changing demographics could impact on the finances of richcountries according to academic research. Interest rates may slowlyrise as middle aged savers retire and start to spend their savings.

Scenario 16C1(2) (alternative version)

Business report:

1. History 1 - Financial forecasters are pessimistic about the global outlook.Governments are changing fiscal policies to increase confidence.
2. History 2 - European Union policy makers are being asked to make innovativechanges in investment and infrastructure to boost flagging economies.
3. History 3 - Ongoing years of near recession have turned consumers into bargainhunters. Manufacturers need lean business models to survive in thisenvironment.
4. History 4 - Competitive opposition has forced businesses to reduce margins tosurvive. These may continue to fall as competitors reduce prices.Only committed managements with shareholders confidence will thrive.
5. History 5 - Upgrading the quality of goods to offset the advances of the oppositionhas become good management strategy.
6. Report 1 - Companies are making more use of the internet to promote theirbusiness. This increases the threat of cybercrime taking place.the use of smart-phones and tablets also enhances these threats.
7. Report 2 - European governments are being urged to increase infrastructurespending to help with economic recovery. The International MonetaryFund is asking them to be more supportive of growth.
8. Report 3 - Internal energy costs have become a central focus in Europe. The USAmade a success of fracking and this reduced their energy costs andincreased security of supply. Europe is struggling to match thissuccess. Fracking is not popular but neither is nuclear energy and windturbines require a base load supply system.
9. Report 4 - Shortage of skilled engineers is predicted to hold back the economiesof some European counties. Emerging countries are boosting theircapabilities by training the skilled engineers the will need tosustain their expansion.
10. Report 5 - Asian companies are beginning to overtake Apple in the mobilephone market. Competition is fierce where technology and priceattract users.

Scenario 16C1(RU) (alternative russian version with 4 game periods, where 1 decision was made by organizing committee)

Business report:

1. History 1 - Financial forecasters are pessimistic about the global outlook.Governments are changing fiscal policies to increase confidence.
2. History 2 - European Union policy makers are being asked to make innovativechanges in investment and infrastructure to boost flagging economies.
3. History 3 - Ongoing years of near recession have turned consumers into bargainhunters. Manufacturers need lean business models to survive in thisenvironment.
4. History 4 - Competitive opposition has forced businesses to reduce margins tosurvive. These may continue to fall as competitors reduce prices.Only committed managements with shareholders confidence will thrive.
5. History 5 - Upgrading the quality of goods to offset the advances of the oppositionhas become good management strategy.
6. Report 1 - Companies are making more use of the internet to promote theirbusiness. This increases the threat of cybercrime taking place.the use of smart-phones and tablets also enhances these threats.
7. Report 2 - European governments are being urged to increase infrastructurespending to help with economic recovery. The International MonetaryFund is asking them to be more supportive of growth.
8. Report 3 - Internal energy costs have become a central focus in Europe. The USAmade a success of fracking and this reduced their energy costs andincreased security of supply. Europe is struggling to match thissuccess. Fracking is not popular but neither is nuclear energy and windturbines require a base load supply system.
9. Report 4 - Shortage of skilled engineers is predicted to hold back the economiesof some European counties. Emerging countries are boosting theircapabilities by training the skilled engineers the will need tosustain their expansion.
10. Report 5 - Asian companies are beginning to overtake Apple in the mobilephone market. Competition is fierce where technology and priceattract users.

Scenario 16C1(RU2) (alternative russian version with 4 game periods, where 1 decision was made by organizing committee)

Business report:

1. History 1 - Financial forecasters are pessimistic about the global outlook.Governments are changing fiscal policies to increase confidence.
2. History 2 - European Union policy makers are being asked to make innovativechanges in investment and infrastructure to boost flagging economies.
3. History 3 - Ongoing years of near recession have turned consumers into bargainhunters. Manufacturers need lean business models to survive in thisenvironment.
4. History 4 - Competitive opposition has forced businesses to reduce margins tosurvive. These may continue to fall as competitors reduce prices.Only committed managements with shareholders confidence will thrive.
5. History 5 - Upgrading the quality of goods to offset the advances of the oppositionhas become good management strategy.
6. Report 1 - Companies are making more use of the internet to promote theirbusiness. This increases the threat of cybercrime taking place.the use of smart-phones and tablets also enhances these threats.
7. Report 2 - European governments are being urged to increase infrastructurespending to help with economic recovery. The International MonetaryFund is asking them to be more supportive of growth.
8. Report 3 - Internal energy costs have become a central focus in Europe. The USAmade a success of fracking and this reduced their energy costs andincreased security of supply. Europe is struggling to match thissuccess. Fracking is not popular but neither is nuclear energy and windturbines require a base load supply system.
9. Report 4 - Shortage of skilled engineers is predicted to hold back the economiesof some European counties. Emerging countries are boosting theircapabilities by training the skilled engineers the will need tosustain their expansion.
10. Report 5 - Asian companies are beginning to overtake Apple in the mobilephone market. Competition is fierce where technology and priceattract users.

Scenario 16C1(RU3) (alternative russian version with 4 game periods, where 1 decision was made by organizing committee)

Business report:

1. History 1 - Financial forecasters are pessimistic about the global outlook.Governments are changing fiscal policies to increase confidence.
2. History 2 - European Union policy makers are being asked to make innovativechanges in investment and infrastructure to boost flagging economies.
3. History 3 - Ongoing years of near recession have turned consumers into bargainhunters. Manufacturers need lean business models to survive in thisenvironment.
4. History 4 - Competitive opposition has forced businesses to reduce margins tosurvive. These may continue to fall as competitors reduce prices.Only committed managements with shareholders confidence will thrive.
5. History 5 - Upgrading the quality of goods to offset the advances of the oppositionhas become good management strategy.
6. Report 1 - Companies are making more use of the internet to promote theirbusiness. This increases the threat of cybercrime taking place.the use of smart-phones and tablets also enhances these threats.
7. Report 2 - European governments are being urged to increase infrastructurespending to help with economic recovery. The International MonetaryFund is asking them to be more supportive of growth.
8. Report 3 - Internal energy costs have become a central focus in Europe. The USAmade a success of fracking and this reduced their energy costs andincreased security of supply. Europe is struggling to match thissuccess. Fracking is not popular but neither is nuclear energy and windturbines require a base load supply system.
9. Report 4 - Shortage of skilled engineers is predicted to hold back the economiesof some European counties. Emerging countries are boosting theircapabilities by training the skilled engineers the will need tosustain their expansion.
10. Report 5 - Asian companies are beginning to overtake Apple in the mobilephone market. Competition is fierce where technology and priceattract users.

Scenario 16C1(RU4) (alternative russian version with 4 game periods, where 1 decision was made by organizing committee)

Business report:

1. History 1 - Financial forecasters are pessimistic about the global outlook.Governments are changing fiscal policies to increase confidence.
2. History 2 - European Union policy makers are being asked to make innovativechanges in investment and infrastructure to boost flagging economies.
3. History 3 - Ongoing years of near recession have turned consumers into bargainhunters. Manufacturers need lean business models to survive in thisenvironment.
4. History 4 - Competitive opposition has forced businesses to reduce margins tosurvive. These may continue to fall as competitors reduce prices.Only committed managements with shareholders confidence will thrive.
5. History 5 - Upgrading the quality of goods to offset the advances of the oppositionhas become good management strategy.
6. Report 1 - Companies are making more use of the internet to promote theirbusiness. This increases the threat of cybercrime taking place.the use of smart-phones and tablets also enhances these threats.
7. Report 2 - European governments are being urged to increase infrastructurespending to help with economic recovery. The International MonetaryFund is asking them to be more supportive of growth.
8. Report 3 - Internal energy costs have become a central focus in Europe. The USAmade a success of fracking and this reduced their energy costs andincreased security of supply. Europe is struggling to match thissuccess. Fracking is not popular but neither is nuclear energy and windturbines require a base load supply system.
9. Report 4 - Shortage of skilled engineers is predicted to hold back the economiesof some European counties. Emerging countries are boosting theircapabilities by training the skilled engineers the will need tosustain their expansion.
10. Report 5 - Asian companies are beginning to overtake Apple in the mobilephone market. Competition is fierce where technology and priceattract users.

Scenario 16C1(RU5) (alternative russian version with 4 game periods, where 1 decision was made by organizing committee)

Business report:

1. History 1 - Financial forecasters are pessimistic about the global outlook.Governments are changing fiscal policies to increase confidence.
2. History 2 - European Union policy makers are being asked to make innovativechanges in investment and infrastructure to boost flagging economies.
3. History 3 - Ongoing years of near recession have turned consumers into bargainhunters. Manufacturers need lean business models to survive in thisenvironment.
4. History 4 - Competitive opposition has forced businesses to reduce margins tosurvive. These may continue to fall as competitors reduce prices.Only committed managements with shareholders confidence will thrive.
5. History 5 - Upgrading the quality of goods to offset the advances of the oppositionhas become good management strategy.
6. Report 1 - Companies are making more use of the internet to promote theirbusiness. This increases the threat of cybercrime taking place.the use of smart-phones and tablets also enhances these threats.
7. Report 2 - European governments are being urged to increase infrastructurespending to help with economic recovery. The International MonetaryFund is asking them to be more supportive of growth.
8. Report 3 - Internal energy costs have become a central focus in Europe. The USAmade a success of fracking and this reduced their energy costs andincreased security of supply. Europe is struggling to match thissuccess. Fracking is not popular but neither is nuclear energy and windturbines require a base load supply system.
9. Report 4 - Shortage of skilled engineers is predicted to hold back the economiesof some European counties. Emerging countries are boosting theircapabilities by training the skilled engineers the will need tosustain their expansion.
10. Report 5 - Asian companies are beginning to overtake Apple in the mobilephone market. Competition is fierce where technology and priceattract users.

Scenario 17C1 (origin version)

Business report:

1. History 1 - The European economy is starting to improve. Unemploymenthas dropped. However many jobs are part time or temporary.
2. History 2 - Growing levels of investment in Europe are signs that managementof companies are regaining confidence. Manufacturing firms arespending on items such as renewable energy. There is confidencethat there will be positive returns on projects.
3. History 3 - The European Union thinks that it is too risky to increase interestrates. Inflation is increasing but past experience has shown thatif interest rates are increased too soon this can slow down thethe economy.
4. History 4 - The use of fossil fuels is under threat from social acceptabilitytrends. Companies in this sector are facing a growing resistancefrom users. Regulators and investors are showing concern thatthe companies may end up with unusable assets in future.
5. History 5 - Cyber security attacks have increased and are causing serious concerns.Public and private companies are being attacked and these cause bothsocial and economic disturbances and high costs.
6. Report 1 - The International Monetory Fund is optimistic thatthe global economy has turned a corner, They thinkthat growth is broad based with not only the eurozonepicking up but the global economy as well,00
7. Report 2 - US shale developments are likely to have a long term impacton energy provision,American exports are reducing prices ofoil and gas globally, This is having political as well aseconomic effects,00
8. Report 3 - Sales are beginning to tighten up as previous forecasts looktoo optimistic, Companies are hoping that the improvementsthey made in reducing costs and targetting marketingwill now prove worthwhile,00
9. Report 4 - Concerns are being expressed that money tightening both inthe US an Europe will create a financial crisis, Indicatorsof such a crisis are already showing in Asia and North America,000
10. Report 5 - Competition among companies increases efficiency, Investmentin training and new machines give organisations an edge overcompetitors,000

Scenario 17C1(2) (alternative version)

Business report:

1. History 1 - The European economy is starting to improve. Unemploymenthas dropped. However many jobs are part time or temporary.
2. History 2 - Growing levels of investment in Europe are signs that managementof companies are regaining confidence. Manufacturing firms arespending on items such as renewable energy. There is confidencethat there will be positive returns on projects.
3. History 3 - The European Union thinks that it is too risky to increase interestrates. Inflation is increasing but past experience has shown thatif interest rates are increased too soon this can slow down thethe economy.
4. History 4 - The use of fossil fuels is under threat from social acceptabilitytrends. Companies in this sector are facing a growing resistancefrom users. Regulators and investors are showing concern thatthe companies may end up with unusable assets in future.
5. History 5 - Cyber security attacks have increased and are causing serious concerns.Public and private companies are being attacked and these cause bothsocial and economic disturbances and high costs.
6. Report 1 - Economists are searching economic data for signs about trendsin the global economy. Will the trend be static? Will there be anincrease or a decline? Often the data is used to reinforce previouslyheld convictions.
7. Report 2 - The threat of global warming has produced many proponents of greenenergy. No more oil or gas or coal. They ignore the problems oftransition to a low carbon economy and also the fact that thereis a growing global population that still has no access to safereliable and affordable energy. Any solution will require thecooperation of governments and consumers and businesses.
8. Report 3 - Customers are beginning to evaluate the cost of products againsttheir gain in value. When the economy seems becalmed the routinereplacement or acquistion of a new product may result in a negativedecision. How can a company encourage a more positive result?
9. Report 4 - A recent report has stated that companies have a large number ofemployees working in areas different from the area in whichthey trained. Companies put too little effort into trainingworkers in the right skills.
10. Report 5 - The US economy is picking up and the Federal Reserve is thinkingof increasing base interest rates. Europe is still trying tocatch up.

Scenario 17C1(3) (alternative version)

Business report:

1. History 1 - The European economy is starting to improve. Unemploymenthas dropped. However many jobs are part time or temporary.
2. History 2 - Growing levels of investment in Europe are signs that managementof companies are regaining confidence. Manufacturing firms arespending on items such as renewable energy. There is confidencethat there will be positive returns on projects.
3. History 3 - The European Union thinks that it is too risky to increase interestrates. Inflation is increasing but past experience has shown thatif interest rates are increased too soon this can slow down thethe economy.
4. History 4 - The use of fossil fuels is under threat from social acceptabilitytrends. Companies in this sector are facing a growing resistancefrom users. Regulators and investors are showing concern thatthe companies may end up with unusable assets in future.
5. History 5 - Cyber security attacks have increased and are causing serious concerns.Public and private companies are being attacked and these cause bothsocial and economic disturbances and high costs.
6. Report 1 - European small businesses have over the long term provided goodreturns for investors. There are risks but assessment of themanagement potential of a company can help reduce these..
7. Report 2 - Companies that have good products enable them to take marketshare from competitors. Analysts use growth of share pricetogether with revenue and dividends to identify these companies.
8. Report 3 - Emerging markets are showing signs of sales potential. Increasesin US interest rates which could strenghthen the dollar mayimpact on thes developments.
9. Report 4 - Chip security is causing concern to companies. Exposure to newthreats with unknown protection is making them nervous.
10. Report 5 - Management is about taking care of possible downsides as wellas looking for potential gains. Decisions on higher returnsalso carry higher risks.

Scenario 17C1(4) (alternative version)

Business report:

1. History 1 - The European economy is starting to improve. Unemploymenthas dropped. However many jobs are part time or temporary.
2. History 2 - Growing levels of investment in Europe are signs that managementof companies are regaining confidence. Manufacturing firms arespending on items such as renewable energy. There is confidencethat there will be positive returns on projects.
3. History 3 - The European Union thinks that it is too risky to increase interestrates. Inflation is increasing but past experience has shown thatif interest rates are increased too soon this can slow down thethe economy.
4. History 4 - The use of fossil fuels is under threat from social acceptabilitytrends. Companies in this sector are facing a growing resistancefrom users. Regulators and investors are showing concern thatthe companies may end up with unusable assets in future.
5. History 5 - Cyber security attacks have increased and are causing serious concerns.Public and private companies are being attacked and these cause bothsocial and economic disturbances and high costs.
6. Report 1 - European economies are at last showing signs of growth. Europeanbanks have been slow to implement cost cutting procedures butare now improving their operating costs and lowering provisionfor bad debt.
7. Report 2 - Seasonal cheer has arrived for some business. Those with highproductivity and high quality goods are doing well..
8. Report 3 - First quarter blues are being felt by some companies who failedto gain advantage from the previous quarters sales. They will nowneed to catch up with their better organised competitors.
9. Report 4 - Developments in Asia can have an impact on the US and Europe.Economic data suggeste that there may be a slowing of activity there.Of course the US and Europe are also influenced by other factors.
10. Report 5 - n/a

Scenario 17C1(5) (alternative version)

Business report:

1. History 1 - The European economy is starting to improve. Unemploymenthas dropped. However many jobs are part time or temporary.
2. History 2 - Growing levels of investment in Europe are signs that managementof companies are regaining confidence. Manufacturing firms arespending on items such as renewable energy. There is confidencethat there will be positive returns on projects.
3. History 3 - The European Union thinks that it is too risky to increase interestrates. Inflation is increasing but past experience has shown thatif interest rates are increased too soon this can slow down thethe economy.
4. History 4 - The use of fossil fuels is under threat from social acceptabilitytrends. Companies in this sector are facing a growing resistancefrom users. Regulators and investors are showing concern thatthe companies may end up with unusable assets in future.
5. History 5 - Cyber security attacks have increased and are causing serious concerns.Public and private companies are being attacked and these cause bothsocial and economic disturbances and high costs.
6. Report 1 - Steady as you go. Economists are quite happy with balanced growth oreven little growth without volatility.
7. Report 2 - Economists are not expecting a recession merely a period of subduedeconomic growth.
8. Report 3 - A normal seasonal trend of sales does not please retailers who arelooking to satisfy shareholders and their management board.
9. Report 4 - The global economy is stable. Retailers are encouraging theirgovernments to increase sales by using quantitative easing to boostgrowth.
10. Report 5 - n/a

Scenario 17C1(6) (alternative version)

Business report:

1. History 1 - The European economy is starting to improve. Unemploymenthas dropped. However many jobs are part time or temporary.
2. History 2 - Growing levels of investment in Europe are signs that managementof companies are regaining confidence. Manufacturing firms arespending on items such as renewable energy. There is confidencethat there will be positive returns on projects.
3. History 3 - The European Union thinks that it is too risky to increase interestrates. Inflation is increasing but past experience has shown thatif interest rates are increased too soon this can slow down thethe economy.
4. History 4 - The use of fossil fuels is under threat from social acceptabilitytrends. Companies in this sector are facing a growing resistancefrom users. Regulators and investors are showing concern thatthe companies may end up with unusable assets in future.
5. History 5 - Cyber security attacks have increased and are causing serious concerns.Public and private companies are being attacked and these cause bothsocial and economic disturbances and high costs.
6. Report 1 - Economists are searching economic data for signs about trendsin the global economy. Will the trend be static? Will there be anincrease or a decline? Often the data is used to reinforce previouslyheld convictions.
7. Report 2 - Economists are debating whether there may be a surge in inflation.While there are signs of pressure easing in some areas that affectprices caution is advised.
8. Report 3 - The US intends to open global discusions on their policy offair trade. The IMF is concerned this will impact oninternational trade.
9. Report 4 - Companies should realise that a rise in wages without a commensuraterise in productivity will cause them to face increased pressure toraise prices pushing up inflation.
10. Report 5 - Production companies often do not realise that creative industriesmake a significant contribution to national economies. TV and Filmscan contribute to the economy. Many countries give tax relief andsponsorship to encourage their development.

Scenario 17C1(RU) (alternative russian version with 4 game periods, where 1 decision was made by organizing committee)

Business report:

1. History 1 - The European economy is starting to improve. Unemploymenthas dropped. However many jobs are part time or temporary.
2. History 2 - Growing levels of investment in Europe are signs that managementof companies are regaining confidence. Manufacturing firms arespending on items such as renewable energy. There is confidencethat there will be positive returns on projects.
3. History 3 - The European Union thinks that it is too risky to increase interestrates. Inflation is increasing but past experience has shown thatif interest rates are increased too soon this can slow down thethe economy.
4. History 4 - The use of fossil fuels is under threat from social acceptabilitytrends. Companies in this sector are facing a growing resistancefrom users. Regulators and investors are showing concern thatthe companies may end up with unusable assets in future.
5. History 5 - Cyber security attacks have increased and are causing serious concerns.Public and private companies are being attacked and these cause bothsocial and economic disturbances and high costs.
6. Report 1 - The International Monetory Fund is optimistic thatthe global economy has turned a corner. They thinkthat growth is broad based with not only the eurozonepicking up but the global economy as well.
7. Report 2 - US shale developments are likely to have a long term impacton energy provision.American exports are reducing prices ofoil and gas globally. This is having political as well aseconomic effects.
8. Report 3 - Sales are beginning to tighten up as previous forecasts looktoo optimistic. Companies are hoping that the improvementsthey made in reducing costs and targetting marketingwill now prove worthwhile.
9. Report 4 - Concerns are being expressed that money tightening both inthe US an Europe will create a financial crisis. Indicatorsof such a crisis are already showing in Asia and North America.
10. Report 5 - Competition among companies increases efficiency. Investmentin training and new machines give organisations an edge overcompetitors.

Scenario 17C1(RU2) (alternative russian version with 4 game periods, where 1 decision was made by organizing committee)

Business report:

1. History 1 - The European economy is starting to improve. Unemploymenthas dropped. However many jobs are part time or temporary.
2. History 2 - Growing levels of investment in Europe are signs that managementof companies are regaining confidence. Manufacturing firms arespending on items such as renewable energy. There is confidencethat there will be positive returns on projects.
3. History 3 - The European Union thinks that it is too risky to increase interestrates. Inflation is increasing but past experience has shown thatif interest rates are increased too soon this can slow down thethe economy.
4. History 4 - The use of fossil fuels is under threat from social acceptabilitytrends. Companies in this sector are facing a growing resistancefrom users. Regulators and investors are showing concern thatthe companies may end up with unusable assets in future.
5. History 5 - Cyber security attacks have increased and are causing serious concerns.Public and private companies are being attacked and these cause bothsocial and economic disturbances and high costs.
6. Report 1 - The International Monetory Fund is optimistic thatthe global economy has turned a corner. They thinkthat growth is broad based with not only the eurozonepicking up but the global economy as well.
7. Report 2 - US shale developments are likely to have a long term impacton energy provision.American exports are reducing prices ofoil and gas globally. This is having political as well aseconomic effects.
8. Report 3 - Sales are beginning to tighten up as previous forecasts looktoo optimistic. Companies are hoping that the improvementsthey made in reducing costs and targetting marketingwill now prove worthwhile.
9. Report 4 - Concerns are being expressed that money tightening both inthe US an Europe will create a financial crisis. Indicatorsof such a crisis are already showing in Asia and North America.
10. Report 5 - Competition among companies increases efficiency. Investmentin training and new machines give organisations an edge overcompetitors.

Scenario 18C1 (origin version)

Business report:

1. History 1 - Criminals are laundering vast amounts of money in spite ofattempts by regulators to stop them. There is apparentlyno regulator with sufficient overview or understanding ofthe issues to be succesful in prevention.
2. History 2 - It looks as if interest rates will be on hold for the time being.Central Bankers are being cautious.
3. History 3 - The European Banks are sensitive to the ongoing stress in markets.They have reduced their growth forecasts and are helpingmarkets with financial support.
4. History 4 - EU production firms are worried that trade wars may be created bythe US. They fear that any increase in tarifs on their productsbeing sold in the US will reduce their sales there.
5. History 5 - Most of the succesful businesses at the moment are run by youngentrepreneurs. Some are being hindered by beaurocratic regulations.When will governments reduce this burden?
6. Report 1 - The EU is beginning to open up the European provision of railwaystock to competition. Tendering processes will be introduced next year.Private companies can then compete with state backed organisations.
7. Report 2 - Financial reports are boosting confidence in Europe. They suggestincreased income and steady capital ratios.
8. Report 3 - The US is funding companies that can analyse large amounts of data.Politicians in particular are keen to use an analytical approach foronline marketing strategies.
9. Report 4 - Air pollution is beginning to become as big a political discussionpoint as global warming. The visible signs and damage to healthare forcing governments to take action.
10. Report 5 - Medium sized companies are becoming confident that the future isbright. They are faster at adopting new technology and intend touse it to create more wealth.