EMPLOYMENT NOTES

Risk-free management

It is rare that managers can test their knowledge and skill in an atmosphere where they have much to gain and nothing to lose. Such was the scene at the Slovak Management Competition organized by KNO Worldwide November 17 and 18. Eleven teams of four or five managers were provided with a fictitious company manufacturing and selling a generic product. Using a combination of cash flow, balance sheets, and financial reports, each team went through a series of rounds making decisions that were fed into a computer, which then revealed updated financial, production and marketing information based on all the teams'decisions .

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