Two AUK Teams Compete in the Global Management Challenge (GMC) National finals

Two teams from the American University of Kuwait (AUK) participated in the Global Management Challenge (GMC) Kuwait finals and won titles for their performances. One team, "AUK's Wolf Pack", won third place in the Investment Performance category, while other team, "AUK - Top 5", won in the Highest Investment Performance in One Quarter category. In an awards ceremony held at the Radison Blu Hotel, the teams were recognized for their achievements. AUK Interim Dean of the College of Business & Economics, Dr. John Russell, attended the ceremony with the teams mentors, AUK Professors Rafiqul Bhuyan and Ayman Haddad.

The GMC Kuwait Edition is part of the international GMC competition, the largest Strategy and Management Competition in the world that is based on business simulations. In it, each team runs a company with the objective of achieving the highest Investment Performance. This criterion measures the investment 'return' for the original shareholders. More than 500,000 university students and company managers from around the world participate in the GMC every year. The teams are then divided into groups whereby each group creates a competitive market and launches its strategy by making functional decisions in different areas of the Company (Marketing, Production, Human Resources and Finances). The online simulator then analyses and compares the teams' decisions and produces a Management Report for each team, showing the detailed results in financial and operational terms. This process is repeated over Five Developing Decision Periods during the Competition, simulating a year and a quarter of the companies activity.

Dr. Haddad, who mentored AUK's Wolf Pack team, was pleased with AUK's performance at GMC. "I am very proud of my team for coming in 3rd place in this competition, especially that the difference between them and the team that came in first place was not significant and we were competing against teams of professional bankers. I am also proud of the "AUK - Top 5" team for their excellent performance as the "Highest Investment Performance Boost in One Quarter," he explained, and thanked Dr. Russell for his support.

Released by the Office of Public Affairs on the 6th April 2015