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EAEU countries may join Strategy and Management Championship “Global Management Challenge”

EAEU countries may join Strategy and Management Championship “Global Management Challenge”


On September 16, issues of cooperation between the Eurasian Economic Commission and the international organizing committee of the strategy and management championship “Global Management Challenge” were discussed by Tigran Sargsyan, Chairman of the Board of the Eurasian Economic Commission (EEС), and João Matoso Henriques, Executive Director of the Global Management Challenge (GMC), CEO of SDG - Simuladores e Modelos de Gestão. The meeting was also attended by Vyacheslav Shoptenko, Director of the Institute for Organizational Development and Strategic Initiatives of the Russian Presidential Academy of National Economy and Public Administration (RANEPA), GMC project manager in Russia. The meeting was held at the EEС’s headquarters.

“We pay much attention to the formation of the Eurasian elite. The cooperation of the Member States of our Union with the Global Management Challenge, successful participation in international championships will allow young business managers from the EAEU countries to improve their professional level, be competitive, and, therefore, contribute to the development of our countries’ economies”, - pointed out Tigran Sargsyan.

“This year, the Global Management Challenge celebrates its 40th anniversary. The organization, which is represented in 37 countries holds strategy and management competitions that unite the students’ and corporate worlds”, - reported João Matoso Henriques.

Nowadays, of all the EAEU countries, the Global Management Challenge championships have been held only in Russia - since 2006, - and brought together about 70 thousand people over this time. In 2019, the world final was held in Yekaterinburg, where the Russian team became the champion. At the same time, teams of the Republic of Belarus and the Kyrgyz Republic took part in the competition.

The Global Management Challenge expects to extend the practice of competitions to other Member States of the Union. “Our goal is to attract students, employees of corporations and entrepreneurs to participate in the competition so that we have winning teams from each EAEU country. Then they will participate in the international final of the Global Management Challenge Championship, which is held every year. We also plan to organize special competitions for Eurasian countries, so that we have a Eurasian winner every year”, – reported João Matoso Henriques.

The sides also discussed the possibility of holding a separate cup for the best teams of the Eurasian Economic Union as part of the Gaidar Forum in January 2020.

João Matoso Henriques invited Tigran Sargsyan, Chairman of the EEC Board, to take part in a special discussion on the topic of economic integration, which will take place as part of the opening ceremony of the world championship finals in Lisbon in May 2020.

According to Vyacheslav Shoptenko, the organizers of the Global Management Challenge proposed RANEPA, the organizer of the championship in Russia, to become a methodological center for the championship in the EAEU and the CIS countries. “We have already made several pilot “approaches”, in particular, the teams from Kyrgyzstan and Belarus participated in the world final in Yekaterinburg. They represented the corporate sector and achieved high results in this competition”, - he told. Vyacheslav Shoptenko expressed his hope that in addition to a full-scale national stage to be held in each of the EAEU countries in 2019–2020, a special competition - the EAEU Cup - will be held, for the first time in the world, among five countries of the Union only. He suggested that such a competition could be included in the annual championship calendar.