To the many claims the steel giant VSŽ can make, they can now add the title of champion managers. A team of three from the Košice-based firm's daughter company VSŽ Oceľ won the final round in a simulation game called Management Cup'96, which was held in the Czech city of Brno on November 22.
VSŽ Oceľ's Peter Čajka, Peter Koržtko, and Marek Manica out-managed nine teams from Slovakia and six from the Czech Republic in the first annual competition, which was organized by the human resources consultancy firm KNO Worldwide, under a license from the Dutch company MCC International.
"All of us had to agree with each decision," said Čajka. "The game taught us to react to all external impacts and influences on the market. We understood how deeply the manager should know his product - from its production to its service, in order to successfully sell it to consumers. Information about the market was the most precious asset in deciding about production volume, advertising costs, and investments."
The Management Cup is a simulation game for managers in which each team manages a fictitious company acting in a competitive market over six pressure-packed 40-minute rounds. Following each round, all teams' decisions are processed by computer, with their effects calculated within minutes.
"The game encourages creativity, personal development, competitiveness, and logical thinking from all participants," explained Adriana Strečanská, KNO's marketing manager.
The teams' final standings were calculated from the company's net income, research and development investments, stock performance and market share.
Strečanská said that while this year's Cup involved general companies trading general products, future simulations will be more complicated, focusing on a specific industry and its conditions.
4. Dec 1996 at 0:00 | Alexandra Tomová