The Hong Kong Management Game trains participants to make strategic business decisions while competing to gain the highest accumulated profit under different simulated circumstances.
'The best way of learning is learning by doing,' says Glover Chan Wing-wah, senior marketing manager of the Hong Kong Management Association (HKMA), the competition's organiser.
'Yet companies prefer young executives to avoid taking excessive risks throughout their learning process. A feasible solution is the management game.'
Participants are given the opportunity to try out what they have learned without the risk of losing any real-life investments.
The game simulates the business world and allows participants to practise specific skills, such as taking calculated risks, making sensible business decisions and formulating strategies that can help them to outperform competitors.
'The game enables participants to take a holistic view of a company,' Chan says. 'Participants will come to appreciate how the different parts or divisions of an organisation interact with each other.'