IMAGINE BEING TOLD that you are part of a new and younger management team that has just been invited to take over an established company in the business of supplying portable music devices. The company wants to revive its flagging business, target a younger market and, at the same time, stay abreast of the changing trends in technology. You have a free hand to make decisions that will revitalise the organisation. What's more, your terms of employment are attractive and some of the company's shareholders have already pledged their financial support. Feeling a little overwhelmed? Don't be - your management team has already commissioned a market research firm to help you. The research focuses on how the company's products are performing in an intensely competitive market and, based on the results, your team has already formulated a 12-month research plan that needs your approval. You now need to sieve through data on spending budgets, loans, accounts and product development. You also have to review the operational aspects of the business such as warehousing and freight and packing costs before making some strategic decisions. Some of the decisions will be about how much to spend on human resources, including training and hiring; whether to purchase raw materials from the spot or the standard market; whether to accept product bids from overseas buyers, or whether to issue corporate bonds. Can you balance all these concerns while simultaneously ensuring profitability for the company? Does it sound more challenging than your day job? This is just a small window to what you can expect if you sign up for the Hong Kong Management Game this year. What is comforting is that finding a solution to these issues is not the responsibility of one person, but that of a team of four, and at no commercial cost or risk. If you fail, neither will you be fired nor will your company go into the red. There can be no safer oasis for business managers to test strategies, implement theories and learn from mistakes. Try it - you will learn.