Corporate twists that can test wits
Be prepared for any turn of events that could wipe out company profits, says Louis Ho Yun-lung, a member of Kwun Tong Maryknoll College (KTMC) Boys, the team which won last year's Hong Kong Management Game before going on to triumph in the Asian Management Game.
The other team members were Edmond Lee Yip-man, Eric Chan Kwok-san and Sam Wong Tsz-wa.
A final-year civil engineering student at the Hong Kong University of Science and Technology, Ho says unexpected twists are among the game's biggest challenges.
For instance, shortly after the KTMC Boys had decided against taking up an insurance policy for the goods they stored in a warehouse, a fire broke out and destroyed most of their merchandise. As a result, they had to double the production capacity to offset heavy losses and meet delivery commitments.
'[It] tested the team's adaptability and flexibility because each solution would lead to different ends,' says Ho.
Although the game was designed as a self-contained contest, individual teams have to anticipate what the other competing teams are doing when they formulate business strategies with the aim of maximising their respective market shares and profits.
'We were able to acquire and then apply the relevant skills to realistic business situations. This went beyond what we could learn from textbooks,' Ho says.
The game offers participants the opportunity to enhance their numerical skills and hone their analytical abilities in an exhilarating atmosphere.
'Although all of us who make up the team are close friends, this game tested how well we could work together. We had a lot of fun from teamwork and co-operation,' he adds.