Game sides make profit amid crisis
DURING a crisis of limited labour and raw material supply, teams participating in the Management Game achieved steady profit in period four of the competition, according to its organiser, the Hong Kong Management Association.
All but one team made money, ranging from $2.9 million to $7.3 million. Five teams exceeded the $5 million mark while on average teams made $3.8 million.
Teams secured, on average, orders of 140,550 units of Product AW, 31,850 units of Product AI and 119,264 units of Product DI. Teams spent, on average, $1.06 million on marketing and $845,000 on product development.
Because of strong demand in the retail market, only five teams placed a tender for Product AC and the successful bids ranged from $50 to $56.
At the end of the period, nine teams ran out of stock of Product D, while another three teams were left with no finished stock.
Teams were optimistic about the market in forthcoming periods and so invested heavily to expand their production capacity.
On average, teams bought 31.8 additional plants during the period.