Presentation on theme: "The Global Business Management Competition for the Construction Industry for the Construction Industry ENGIUNUITY 2014 Copyright Virtual Management Simulations."— Presentation transcript:
The Global Business Management Competition for the Construction Industry for the Construction Industry ENGIUNUITY 2014 Copyright Virtual Management Simulations
Introduction People are the key asset of any business, and with so many people in the Construction Industry today working for companies operating in different parts of the world, they need to be equipped with the skills to succeed in such a highly competitive global market place. The ENGINUITY 2014 Competition provides management and leadership training that is relevant and appropriate for today's construction professionals worldwide, relevant because the very nature of the Competition involves running a GLOBAL CONSTRUCTION BUSINESS, giving participants the opportunity to experience the challenges that face their corporate management on a daily basis. Using a sophisticated computer simulation, competing teams are given the task of managing a fledgling UK-based multinational construction business in a realistic economic climate relevant to the global economy as it is today, and the success or failure of their 'virtual' business depends entirely on the decisions they make in a number of key business areas. ENGINUITY 2014 pits participating teams against their colleagues and peers in a unique business management experience. 2010 “Fluor 1” (Fluor, Holland) 2011 “Will it Wobble ?” (Campbell Reith, UK) 2012 “Macaronage” (Independent, NZ) 2013 “Pbers” (Parsons Brinckerhoff, UK) ENGINUITY ROLL OF HONOUR 2014 ?
Managing The GLOBAL Business A fledgling UK-based multinational construction company, with its headquarters in London, has been trading for just one year. A new management team is needed to run the company for the foreseeable future. The first task facing the new management team is to form a business strategy to satisfy the high demands of the company's shareholders, who are keen to see a quick return on their investment. Although based in the UK, and subject to UK tax laws and interest rates, expansion into overseas markets, and different continents, may be an attractive proposition. A lot will depend upon the prevailing economic climate in the UK, and worldwide. Working in different countries will present some particular challenges to overcome, such as client restrictions, global competitors and environmental problems (extreme weather conditions, civil unrest, local labour problems etc). However, the potential rewards and opportunities of operating globally, such as worldwide client base, niche markets and lucrative large-scale contracts, may outweigh the risks.
Target Audience Applicable To Construction professionals No age limit UK and worldwide Any location Job Roles Engineering Quantity Surveying Project Management Architecture Planning Head office functions Sectors Civil Building Structural Highways & transportation Water & environmental Building services Mechanical & chemical Target Audience ENGINUITY 2014 is open to anyone, of any age, working in a construction-related environment, in the UK or worldwide. It is particularly relevant to people in the early stages of their careers.
Managing The Global Business Corporate level Understanding the industry UK and worldwide Economic climate Availability of work Rival competition Client expectations Forming company strategy Satisfy stakeholders Improve asset value Achieve profitable growth Increase market share Manage risk Enhance company reputation Operational level Making key decisions Finance Marketing Overheads Procurement Construction Overcoming problems Changes in economy Job delays New competitors Changing client requirements Personnel issues Supply chain problems Management skills required Interpreting reports Measuring performance Analysing information Solving problems Making effective decisions Key Features ENGINUITY 2014 exposes participants to key aspects of managing a global construction business.
Participants Develops Management Skills Commercial awareness Strategic thinking Team working Communication Decision making Problem solving Contributes to CPD Internal programmes Professional institutions Discipline wide To be Successful Being the overall winner Performing well Inspirational Learning Activity Practical Competing against peers Team building Challenging Thought provoking Enjoyable For Participants ENGINUITY 2014 provides many benefits to those taking part.
For Sponsors From the Sponsoring Company’s perspective, as well as the benefits to the participants, there are other advantages to encouraging staff to participate in ENGINUITY 2014. “Look forward to reading your analysis. Thank you so much for all your help and support; our directors are really supportive of this tool for learning and are keen to promote it within the business. Boston Spartans have been invited to present to the Board which is great for them.” Glenda Hamilton (HR Manager for Kier Northern) “Look forward to reading your analysis. Thank you so much for all your help and support; our directors are really supportive of this tool for learning and are keen to promote it within the business. Boston Spartans have been invited to present to the Board which is great for them.” Glenda Hamilton (HR Manager for Kier Northern)
Schedule Stage 2: The Final (‘Head to Head’) The leading 8 teams at the end of the Preliminary Stage will be invited to compete in the final, played over a further 6 rounds during 2 weeks in May, to determine the 2014 Champions. During the final the teams compete against each other for not only work, but also the services of project managers. This creates an even more uncertain and pressurized environment in which the skills and team dynamics formed in the early years are really put to the test. Stage 1: The Preliminary Rounds This takes place over 8 weekly rounds during March and April. During the Preliminary Stage, also known as the Early Years, each team competes for work against a number of 'fictional' rival companies. Each one has their own unique profile and bidding history, and a careful assessment of the opposition is required to formulate an effective procurement strategy. The dynamics of this stage enable the teams to appreciate the impact of each decision they make.
Registration and Awards REGISTRATION ENGINUITY 2014 represents outstanding value for money, priced at only £250 per team (up to 6 people) to encourage and enable sponsors to enter multiple teams. A registration form can be requested using the ‘Further Information’ links on the next slide. Registration closes on Friday February 28th, 2014. AWARDS Reaching the final of ENGINUITY 2014 will not be easy, particularly as there are only 8 teams that can qualify for final. The prizes reflect the achievement of the finalists. For the Winning Team :- A cash prize of £1,000 Each team member will receive a personally engraved crystal award For the Runners Up :- Each team member will receive a personally engraved crystal award For the other finalists :- Each team member will receive a personally engraved award Upon completion of the competition each participant will be awarded a training certificate, which can be used as required for internal/external CPD assessment.
Further Information Further detailed information can be obtained from the website at: www.enginuitycomp.co.uk or by e-mail firstname.lastname@example.org or by contacting in the first instance Mike Fletcher Tel/Fax No: +44 (0)1332 694351