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Skilled labour - a key to achieving vision 2020
By Masahudu Ankiilu Kunateh, Ghanadot

Accra, Aug 4, Ghanadot - The Country Director of the Global Management Challenge (GMC), Mr. Arnold Parker has observed that for Ghana to achieve the much-trumpeted vision 2020, training of skilled labour must be the fulcrum of the country’s development agenda.

He added that students and graduates of the various tertiary institutions in Ghana must be skilled and imbue the spirit of entrepreneurship to enable them contribute to the socio-economic development of the country.

Mr. Parker made this observation at a press conference to outdoor the maiden GMC Ghana Edition in Accra, yesterday.

The GMC which started in 1980 in Portugal is the biggest strategic and management competition around the world with over 360,000 participants annually.

He disclosed that Ghana is the first country in West Africa and the second in Africa to join the GMC and would be competing with other 29 countries across the globe.

This year, Ghana plays host to this prestigious global event for the first time. By this feat Ghana becomes the 30th country to join the list of countries that host the competition annually, Mr. Parker added.

According to him, “The Global Management Challenge revolves around a Simulator. The Business Simulator mimics the global business environment and has been programmed to enable virtual companies compete as if there were real life businesses. All the virtual companies in the Simulator are listed on a virtual stock exchange. The simulated Stock exchange becomes the barometer for determining the performance of the virtual companies”.

Participation is open to students of tertiary institutions, Management trainees of companies and individuals aspiring to train themselves in strategic business Management and entrepreneurship.

To participate, you will need to form or join a team with minimum of three to five persons and register as a team. Consequently, a virtual company will be created for each registered team and members of the team become the management board of their respective companies.

The goal of each team is to obtain the highest share price for your company on the simulated stock exchange.

To do this, team members will have to take decisions in four key functional areas of their company; Marketing, Production, Human Resources and Finance.

By managing a company without running real-world risks, and taking top management decisions, the GMC competitors are given the opportunity to: analyse Financial and Economic Indicators and their impact on businesses,


 broaden their views on Corporate Strategy , understand the intricacies of the different functional areas of a Company, understand the Market Conditions in which companies compete and the importance of customer satisfaction to businesses and become aware of the impact of their Decisions on the company itself within an environment designed to encourage and develop team work.

Most importantly, the GMC will afford Ghanaian youth the opportunity to learn at first hand how to develop a global vision for a company and manage such a company.
The Country Director indicated that “You have heard and read it all. Been to all the business seminars and read all the business books. Now is your chance to take charge of a company and prove your worth”.

Mr. Parker announced that a team which emerges as the first in the Ghana Edition would receive a package of GH¢20,000 in addition to GH¢5,000 cash, a set of business books, a plaque, a certificate of participation and full sponsporship to the global finals.

While, the second team will take home a GH¢2,000 cash, a set of business books, a plaque and certificate of participation, whilst the third winning team also receive a cash of GH¢2,000, a set of business books, a plaque and certificate of participation.









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