Global Management Challenge is an innovative way to develop the knowledge and skills of our employees It is also an opportunity to discover management potential among young talents.
Accordingly, a total 95 team’s nominations consisting 4 members in each team were received for Business Simulation Games 2022 across the country. Further, these 95 teams shall participate in 4 rounds of Business Simulation Games 2022. This year, Business Simulation Games is being organized in association with Global Management Challenge (GMC) – the world’s largest strategy and management platform.
The simulation exercise will focus on special emphasis on Strategy formation, Scenario analysis, cross-functional coordination and forming consensus to make commercial and strategic decisions on Finance, Marketing, HR, Production / Operations etc.
According to Bipin Kishor Mundi, CGM (HRD), “Power Grid Corporation of India Limited (POWERGRID), is always in pursuit of developing its human resource through latest tools and techniques to keep pace with the ever changing business complexities. In this context, use of simulators as a training tool has gained immense popularity in both technical and business development areas. We also intended to organize Business Simulation Games as our Learning & Development intervention for enhancing the business acumen of our employees.
We are overwhelmed by the kind of interest/response shown by the employees and as many as 95 entries (each team consist of 4 members) have been received.
In this regard, I am happy to inform that POWERGRID teams have participated in many National level/ Asian/International Level Business Simulation/Management Games competitions in the past and have done exceedingly well. Also, participants in the previous competitions have rated very high on such intervention as it serves both complementary and supplementary hands-on experience to the concepts taught in the various programs.
I am sure these Business Simulation Game will give a cross-functional insight of an organization and therefore be able to contribute beyond one’s assigned roles and a sense of being competitive.”