• Main
• Blog

Global Management Challenge Blog

• 14.07.2019

  Goodwill factor Investment return

  Factor “Investment return” is 1 out of 8 factors that GMC simulator uses to calculate the company's goodwill value. Below are presented parameters from decision and management report that are most correlated with goodwill factor “Investment return” when calculating the company's goodwill value.

• 14.07.2019

  Goodwill factor Resources

  Factor “Resources” is 1 out of 8 factors that GMC simulator uses to calculate the company's goodwill value. Below are presented parameters from decision and management report that are most correlated with goodwill factor “Resources” when calculating the company's goodwill value.

• 13.07.2019

  Goodwill factor Agents and Distributors

  Factor “Agents and Distributors” is 1 out of 8 factors that GMC simulator uses to calculate the company's goodwill value. Below are presented parameters from decision and management report that are most correlated with goodwill factor “Agents and Distributors” when calculating company's goodwill value.

• 09.07.2019

  Goodwill factor Backlog

  Factor “Backlog” is 1 out of 8 factors that GMC simulator uses to calculate the company's goodwill value. Below are presented parameters from decision and management report that are most correlated with goodwill factor “Backlog” when calculating the company's goodwill value.

• 09.07.2019

  Goodwill factor Market share

  Factor “Market share” is 1 out of 8 factors that GMC simulator uses to calculate the company's goodwill value. Below are presented parameters from decision and management report that are most correlated with goodwill factor “Market share” when calculating the company's goodwill value.

• 09.07.2019

  Goodwill factor Research & Development

  Factor “R&D” is 1 out of 8 factors that GMC simulator uses to calculate the company's goodwill value. Below are presented parameters from decision and management report that are most correlated with goodwill factor “R&D” when calculating the company's goodwill value.

• 09.07.2019

  How to test goodwill factors

  In previous article, we discussed factors of the goodwill and how is it calculated. Managing goodwill is one of the most important skills in GMC, no less important than demand forecasting or choosing the optimal strategy. Goodwill is cunning. In the history of the championships there were a lot of games where the team with lower Net assets won the game due to higher goodwill and as a result of Investment performance.

• 08.07.2019

  Goodwill factor Dividends

  Factor “Dividends” is 1 out of 8 factors that GMC simulator uses to calculate the company's goodwill value. Below are presented parameters from decision and management report that are most correlated with goodwill factor “Dividends” when calculating the company's goodwill value.

• 08.07.2019

  Goodwill factor Liquidity

  Factor “Liquidity” is 1 out of 8 factors that GMC simulator uses to calculate the company's goodwill value. Below are presented parameters from decision and management report that are most correlated with goodwill factor “Liquidity” when calculating the company's goodwill value.

• 06.06.2019

  Scenario 15C1 guide

  Before reading this guide for scenario 15C1, please read general guide with tips for new version of GMC simulator, which describes basic rules and principles for preparing a strategy. Also, read game review of scenario 15C1 in World Cup 2015. This guide shows key features of scenario 15C1, which are important to consider for achieving high result. If any of decision parameters are not specified, then in this case follow tips from general guide.

• 01.12.2018

  Alternative scenario versions

  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).

• 27.11.2018

  Preparing calculation model for 2 period

  In previous topic, we discussed how to prepare calculation model v2 (pro version) for 1 period. In this topic, we will look what to do with received management report and how to prepare decision for 2 period. To prepare calculation model, perform the following actions according to the check list.

• 23.11.2018

  Preparing calculation model for 1 period

  For configuration calculation model v2 (pro version) to play in new round of global management challenge, you need to go through the check list below and make sure that all preparation points are completed.

• 21.11.2018

  Production plan block

  Let’s look at the production planning block (highlighted in red). This block is used for calculation of the required volume of production, taking into account demand forecast, stock balances, rejected percentage, management decisions and other factors. As a result, model makes a shipping plan for each market and product “Production plan”.

• 21.11.2018

  Demand forecast block

  Let’s look at block of demand forecast (highlighted in red). This block is used to estimate the change in demand between previous and next period. Total value of change in demand is calculated in the “Total demand” table for each market and product, for example +10%.

• 22.08.2018

  Assembly workers recruiting

  Starting from scenario 15C1 (also rightly for scenarios 16C1 and 17C1), developers of GMC simulator saddled the wave with increased competition in the labor market of assembly workers. In earlier scenarios 12C1-14C3 labor market of assembly workers almost always allowed to recruit the exact number of staff specified in the decision, now it is possible to recruit 100% of the specified number only with comparative weak competition between companies in the group. The "capacity" of the labor market decreased by 2 and workers are not enough for everyone. Particularly brightly the shortage of labor market appears in the final stages of the championship, which rises intense competition between the teams even more.

• 04.02.2018

  Sheet Configuration

  Sheet Config contains the service information for correct operation of the calculation model. Due to the fact that all scenarios in Global Management Challenge are unique in their own right, it makes it necessary to customize calculation model for a specific one, otherwise the error in forecasting demand increases. Also R & D, agents and distributors recruitment, etc. can be incorrect.

• 04.02.2018

  Sheet Strategy

  Sheet Strategy allows you to make a complete simulation of 5 periods at the same time. Sheet is divided into 5 parts, each of which completely copies sheets decision calculation 1, 2, 3, 4, 5.

• 04.02.2018

  Sheet Goodwill

  Sheet Goodwill contains information about factors that affect goodwill and investment performance. Decisions that positively affect goodwill and investment performance are highlighted in green, and affect negatively - in red. Such simple analysis allows you to quickly understand the tactics of making decisions to get maximum investment performance and beat less skillful opponents. Also this sheet helps to calculate optimal plan for paying dividends and issuing shares of the company.

• 04.02.2018

  Sheet Language

  Calculation model v2 (pro version) is easy to translate into your native language. All names and titles are placed on sheet Language. You can download language translation settings in store for free or translate it yourself. To translate calculation model, just simply replace information on sheet Language.

• 03.02.2018

  Sheets 1, 2, 3, 4, 5

  Worksheets 1, 2, 3, 4, 5 are the main tools for making decisions. Worksheets contains information, which is grouped into several functional blocks as you can see in the screenshots below. Management decision form preparation contains a lot of tips about certain cells. For your convenience, data i cells is highlighted in red, if the decision parameters are incorrect or not optimal.

• 03.02.2018

  Sheets D1, D2, D3, D4, D5

  Sheets D1, D2, D3, D4, D5 display information about decision for the period. Format of the sheet completely repeats the input form and does not contain unnecessary information in order not to distract from data input.

• 02.02.2018

  Sheet History

  History sheet contains all necessary information about the most important parameters of the company for 5 periods of the history and 5 periods of taking decisions. Information is grouped into several blocks.

• 18.05.2017

  General guide

  All GMC scenarios are unique and for long history of the championship they have accumulated several dozen. However, there are some universal tips that you can follow safely in any scenario while making company's strategy for upcoming game. Based on the cumulative experience of our experts, this topic provides general advice for game strategy in new version of the GMC simulator. These tips are used in development of calculation model v2, which you can purchase in our store.

• 05.05.2017

  Demand factor Agents and distributors number

  In previous topic, we have already examined how demand varies with change in commission of agents and distributors. In this topic, we will analyze the dependence of demand on change in number of agents and distributors.

• 05.05.2017

  Demand factor Agents and distributors support

  Previously, we analyzed influence from commission and number of agents and distributors on demand. In this topic, we analyze dependence of demand on agents and distributors support.

• 04.05.2017

  Demand factor Agents and distributors commission

  Agents and distributors are one of the most powerful demand factors in global management challenge. According to force of influence, agents and distributors are almost as powerful as prices. Influence on demand consists of 3 components.

• 31.03.2017

  Demand factors

  Guide for external and internal demand factors in the Global Management Challenge simulator and their influence on demand for products in the markets.

• 30.01.2017

  Introduction to the Calculation model v2 (pro version)

  Calculation model v2 (pro version) consists of several functional blocks.

• 28.01.2017

  Demand factor Backlog of orders

  In case where demand for your products exceeds supply, then orders of customers remain unfulfilled and you get backlog.

• 27.01.2017

  Demand factor Seasonality

  Superimposed on the general economic trend is a strong seasonal pattern of demand for the industry's products. Seasonal demand is different for each market type (EU, Nafta, Internet), but the same for all types of products (1, 2, 3) in particular market. For example, if seasonal demand in EU market is +5%, it means that demand for each type of product in EU market increases by +5%.

• 27.01.2017

  Research and development

  An important way in which your products can be competitive is through developments in design and technology. Each quarter, therefore, you shoold decide how much to spend on product development for each of your products.

• 04.12.2016

  Calculation model (pro version) tutorial

  Watch our tutorial about calculation excel model (pro version). You can buy Calculation Model v2 (pro version) in our store.

• 04.12.2016

  Calculation model (lite version) tutorial

  Watch our tutorial about calculation excel model (lite version). You can download Calculation Model v2 (lite version) for free in our store.

• 09.05.2015

  Cooperative strategies - World Cup practices

  Earlier we discussed different types of cooperation strategies, operations and variants of their application. But all of that was just theory, and now we will how cooperative strategies work in close combat in World Cup.

• 21.04.2015

  Scenario 14C3 guide

  Before reading this guide for scenario 14C3, please read general guide with tips for new version of GMC simulator, which describes basic rules and principles for preparing a strategy. Also, read game review of scenario 14C3 in World Cup 2014. This guide shows key features of scenario 14C3, which are important to consider for achieving high result. If any of decision parameters are not specified, then in this case follow tips from general guide.

• 16.04.2015

  Cooperative strategies

  Cooperative strategies were especially great developed in championships with free participation. Free participation allows to register unlimited number of teams (within reason) and apply cooperative strategy with maximum efficiency. GMC simulator is designed in such way, that competitors dicision in the group make impact on market share of your company. So, essence of cooperation is to provide benefits to teams that plays together, over other rivals in the group.

• 10.04.2015

  World Cup

  Brief about World Cup and what to do, if you do not want to fail. Firstly, topic is written for those teams who expect to archive at least Top-3 in international final.

• 03.04.2015

  Demand factor Research and development

  To estimate impact of R&D on market, it is necessary to calculate quality of products before and after R&D implementation. Quality of products is measured in units from 60, as described in topic product quality estimate. When you get MINOR, it is immediately implemented in production in current period (+6 units). Effect on demand from implementing MINOR and getting MAJOR is equal (+6 units). Effect on demand from implementing MAJOR is +20 units.

• 17.02.2015

  Demand factor Prices

  Prices - one of the easiest ways to regulate sales of products. Price changes do not have big residual effect on sales. After returning to the original value of the price, sales restore to its original level.

• 06.02.2015

  Dividends

  Normally, when anybody asked about dividend question sounds like - "How many dividends I need to pay in current period?". But this is an incorrect question, because it is important not only - how much to pay, but also - how to pay.

• 29.01.2015

  Demand factor Training

  Training - one of new features in GMC simulator. it is very similar to management budget and affects same productional and financial performance of the company, but less powerfull. Impact of training can be summarized in 3 areas.

• 23.01.2015

  Goodwill factors

  Lets remember how to calculate Investment perfomance (IP): Investment perfomance = Company’s market value (capitalization) + Dividends + Issuing/Repurchasing shares (with discount rate)

• 21.01.2015

  Management reports mining

  Each GMC-team while getting new knowledges has one main problem - search for new data for analysis. Main data-source is management report, the more, the better - more opportunities for team to analyze and develop winning strategies. If we know the fact that each round every team make decision with 75 different combinations and each of them has unique impact on the result, then we should have really a lot management reports - hundreds and thousands to make representative analysis. If you play in GMC by all rules, then you will collect, for example 100 reports at least 5 years - 1 championship a year, 4 rounds in the championship, 5 management reports in the round (of cause if you wil not lose in 1 round). During this time, your competitors (which are less legible) will go far away and will be invincible for you. Therefore, search and analysis of new and new management reports - basis of successful performance in the championship.

• 17.01.2015

  Investment perfomance

  What is it - investment perfomance? Lets check how manage and maximize it.

• 05.01.2015

  Demand factor Assembly time

  One of the most underrated factors. A common optimum assembly time for products is 105% - 120%, but the real optimum assembly time can greatly go beyond this range, as it depends on several factors.

• 27.12.2014

  Demand factor High quality raw materials

  High quality raw materials (HQRM) - one of the key elements GMC simulator, which must be applied properly. HQRM influence on sales in the current period, there is no residual effect. The residual effect is possible only when the product is not implemented with HQRM and lay in stock. So it will affect on sales in future periods until it will be completely sold from warehouse.

• 16.12.2014

  Market elasticity

  This topic for experienced GMC-players only, because information requires serious skills and background.

• 14.12.2014

  Demand factor Website development

  Part of GMC simulator with website development did not changed much compared to the previous version of simulator. Website level by analogy with product quality estimation is also determined not by fixed number of stars (1, 2, 3, 4, 5), but numerically. But in contrast to the product quality estimation, sheet “W” with original data for management report does not contain such information.

• 12.12.2014

  Demand factor Ports

  While website rating increases, number of visitors also grows. Percentage of visitors who can come on website is directly proportional to the sales in Internet in current period. Each additional percentage of visitors gives a similar percentage increase in sales. Therefore, it is important to minimize the percentage of visitors who could not come on your website (failure rate) - as a reserve to increase sales. For example, if the percentage failure rate was 3%, and became 1%, sales in the Internet will grow by 3 - 1 = 2%

• 08.12.2014

  Product quality estimate

  In new version of GMC simulator appeared important innovation in management reports - sheet "W", which stores raw data for formation of the remaining sheets (useful in computational models development). However, if you parse each row in sheet "W", then you will see, that part of rows remains unused data in lines - 102, 103, 104, 105, 106, 107.

• 02.12.2014

  Demand factor Direct advertising

  Impact of direct advertising on market is different from corporate advertising. It has less cumulative effect, but affect acts immediately in the current period. Impact of direct advertising on sales does not depend on the type of product or market, the dependence is identical for all cells of the matrix of demand (3x3).

• 27.11.2014

  How to test demand factors

  If you want to win in Global Management Challenge, you need to know not only exclusive tips and hints, but also you must correctly and accurately forecast sales for each product. This tip describes basic method of testing demand (market growth) factors.

• 21.11.2014

  Demand factor Corporate advertising

  Corporate advertising effects on market very long period of time, but does not effect on sales immediately. Also, corporate advertising has a strong cumulative effect, so the strategy of investments should be planned for all 5 periods. Effect on sales is different for each market. The greatest effect will be in the Internet. EU and Nafta have the same effect, but is less than in the Internet.

• 11.11.2014

  Demand factor Management budget

  Only few GMC-players understand how to use the management budget (MB) to increase the efficiency of production, because it is not clearly marked in the official manual and extremely difficult to test in practice. But if you have a couple of thousand reports, then making correct analysis is a matter of technique.

• 24.10.2014

  Maintenance map

  Maintenance (MT) is not the most expensive part in company budget, but can save a couple thousand with proper planning. To do this, you need to invest as much - as you really need and no more.

• 23.10.2014

  Agents and distributors - Recruitment map

  Agents and distributors recruitment is a very simple mechanism. The exact number of agents available in the next period depends on several factors.

• 17.10.2014

  Insurance plan

  When you choose an insurance plan for the next period, it is important to understand that the best choice can be only between two options - insurance plan 4 or 0. Insurance plans 1, 2 and 3 are less favorable than 4.