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.
- 1 Australia to impose 24-hour curfew on all cats to protect endangered species
- 2 Model's video shoot on the beach interrupted by sudden landing of a group of illegal migrants
- 3 The difference between a psychopath and a sociopath
- 4 MH370: Boeing 777 wing that could match missing plane found on the French island of Reunion
- 5 'Killer robots' with AI must be banned, urge Stephen Hawking, Noam Chomsky and thousands of others in open letter
Kate Winslet thanked 'particularly horrible' girl who bullied her at school after Titanic success
Israel accused of killing 75 children during day of 'carnage' and war crimes in Gaza war
Australia to impose 24-hour curfew on all cats to protect endangered species
Walter Palmer: Cecil the lion killer revealed to be American dentist
MH370: Boeing 777 wing that could match missing plane found on the French island of Reunion
Yvette Cooper: Our choice is years of Tory rule under Jeremy Corbyn – or a return to a Labour government
Labour leadership contender Jeremy Corbyn says 'we can learn a great deal from Karl Marx'
I am the Jeremy Corbyn supporter that many will tell you doesn't exist
Public anger after French sunbather beaten up by gang for wearing a bikini in Reims park
Labour leadership: New poll shows party is now even 'less electable' than under Ed Miliband
Labour leadership contest: I would never quit the party, says Liz Kendall
iJobs Money & Business
£20000 - £25000 per annum + competitive: SThree: SThree are a global FTSE 250...
£45 - £55k DOE: Guru Careers: A Financial Controller is required to join a suc...
£12500 - £20000 per annum: Recruitment Genius: Scotland's leading life insuran...
£22500 - £24500 per annum: Recruitment Genius: Inbound and outbound calls with...