Teams find going tough
Sunday 22 October 1995
Last year's winner, Severn Trent Water, has risen to the top of its group, with a share price of 1 ecu at the end of the third quarter of the round, but the other three group leaders - BPP Courses, "Borg" of Birmingham and "It's Good to Talk" of Ipswich - all have shares trading at 1.11 ecus. These are below the starting price of 1.19 ecus, and progress is so difficult that few others are trading above 1 ecu.
However, these figures represent an advance on the second round, when the best price was BPP's 1.09 ecus and the stock value of all but four of the 20 teams taking part was below par.
The prize for these contestants in the Independent NatWest Management Challenge is a place in next month's national final. There, at a London hotel, they will compete for pounds 10,000 and the chance to take on the best in Europe.
The challenge is based on a computer simulation devised by Edit 515 of Edinburgh. As with a genuine company, performance is measured by share price, which can be moved up or down according to decisions made by the teams in response to the conditions created by the computer. In this round progress has been checked largely by the tough world economic situation.
The company each team is trying to run is a medium-sized manufacturer producing consumer goods for sale in Europe and the United States. In order to do this, team members must demonstrate a range of skills - including finance, production, marketing and personnel management. Some teams give individual members responsibility for each of these functions, while others take group decisions. The idea is that teams can learn and refine their business skills.
- 3 The enemy within: People who hear voices in their heads are being encouraged to talk back
- 4 Phil Neville backtracks on Tomas Rosicky 'I'd smash him' comments from Match of the Day 2
- 5 SAG Awards: Fake applause track interrupts Reese Witherspoon
Rowan Atkinson to sell £10 million McLaren 'supercar' he crashed into a tree and a lamppost
Paris attacks: Do not call Charlie Hebdo killers 'terrorists', BBC says
Asteroid narrowly scrapes past Earth: how to watch the closest space rock for decades as it flies by
UK weather: Snow to fall in the coming week with sub-zero temperatures to last until early February
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Nigel Farage: NHS might have to be replaced by private health insurance
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
George Galloway condemns 'racist, Islamophobic, hypocritical rag' Charlie Hebdo at freedom of speech rally
iJobs Money & Business
£30000 - £32000 per annum + benefits : Ashdown Group: A highly successful, int...
£18000 - £20000 per annum: Recruitment Genius: This rapidly expanding business...
£25 - 28k + Bonus: Guru Careers: An In-house / Internal Recruiter is needed to...
Negotiable: Recruitment Genius: A Tax Assistant is required to join a leading ...