KAMCO team wins first in group and advances to semi-finals
KAMCO Investment Company, a leading investment company with one of the largest AUMs in the region, participated in the Global Management Challenge (GMC), the world’s biggest strategy and management competition. A dedicated team, consisting of five KAMCO employees, is representing the firm amongst the 500,000 participants in the challenge from over 30 countries.
KAMCO’s team successfully wins first in its group and advances to the semi-finals taking place in Kuwait, in which the winning team will get a chance to compete in the national finals taking place in Doha, Qatar. ADNAR Group is the event organizer in Kuwait and the exclusive organizer of the Global Management Challenge in the GCC. Members participating in the GMC will run a virtual company, making 75 decisions that will steer the company based on its investment performance reflected in the simulated stock exchange. The purpose of this competition is to develop team building, entrepreneurial and leadership skills through different stages of the decision-making process.
Commenting on the GMC, KAMCO Chief Resources Officer, Mr. Farouq Al Oumi, said, “We are always searching for new and innovative ways of training and challenging our employees to achieve and exceed the highest performance expectations. This challenge will explore the employees’ unique strategic managerial skills that encompass all operations performed within a company, from marketing and production techniques to finance and human resources management. Providing our employees with a variety of training programs falls in line with our human resource development strategy towards training and educating our employees to increase work efficiency and overall job satisfaction.”
The Global Management Challenge, established in 1980, is the largest simulated strategic management competition of its kind. The challenge brings together competitors from across five continents through a virtually simulated platform. Each participating team gets a chance to see their decision-making process take effect on their virtual companies through the simulated stock exchange. The teams consist of business students, employees, ambitious individuals, or a combination of all three. In addition to the challenge, participants will receive a certification for their inclusive training program prior to the challenge.