RULES & REGULATIONS for GMC Kenya 2019-2020 Edition

  1. The Global Management Challenge Kenya is a strategy and management competition hosted in Kenya by Tarpo Industries Ltd., primarily as an experiential learning platform. A small team within Tarpo Industries Ltd., acts as the “organisers”.
  2. The Global Management Challenge Kenya 2019-2020 includes four phases: a trial run, one national round, one national final, and one international phase where the winning team of the national final will have the opportunity to represent Kenya in the International Global Management Challenge to be held in Lisbon, Portugal. 
  3. The Global Management Challenge Kenya will take place in accordance with the schedule published on the web site(s). The event organizers reserve the right to change the expected dates for the Decisions in the case of unforeseen circumstances, including for example, but not limited to, failures of the ISP (Internet Service Provider) which hosts the event organizer’s website. Any changes to the schedule shall when practical be notified to all team leaders by email to all the addresses notified by the same when registering.
  4. In the Trial run, all registered teams will have the opportunity to play the game for one week where two sets of decisions will be submitted. The aim of the trial run will be for participants to familiarize themselves with the game. 
  5. In the First Round, all registered teams shall be identified by numbers and assigned to groups, through a draw. The draw is done by the simulator software.
  6. Each round (First Round and National Final) of the Global Management Challenge includes five sets of decisions corresponding to five “Quarterly Management Reports”.
  7. At the end of each round of the Global Management Challenge, the team with the highest price for its company’s shares will be declared the winner thereby proceeding to the next round. 
  8. If, within the same group, several teams achieve the same highest price per share, first place shall be attributed to the team which, in the last set of decisions of the respective Round, obtains the highest positive value for the Net Worth position. 
  9. The National and International Final of the Global Management Challenge shall be held at a hotel, a corporate facility, or an alternative appropriate venue as decided by the organisers. Teams are not allowed to contact each other during the Finals, except interaction during the lunch break. Failure to respect this rule shall result in disqualification.
  10. The attribution of prizes, whether individual or team-based, relating to the National and International Final requires the attendance and participation of the team members (properly identified) at the respective event.
    • Only those with a valid passport in good standing will be eligible to participate in the National Final
  11. The prize for the Winner of the national phase of the Global Management Challenge shall be attributed to the team that achieves the highest share price for its “company” in the last Decision of the National Final.
  12. The winner of the National Final will have the opportunity to represent Kenya in the International Final of the Global Management Challenge. The winning team shall within fourteen (14) days after the National Final confirm the availability of all its team members to participate in the International Final of the Global Management Challenge. In the event that a team cannot participate in the International Final, the event organizers reserve the right to nominate the team that is to participate according to the order of classification of the National Final.
    • Costs of airfares, visas, accommodation and any other expenses related to participation at the International Final in Lisbon, Portugal will be the responsibility of the winning team members.
    • The Organizers will continue to look for corporate and institutional sponsors who may be willing to contribute towards such costs but will not be held liable should such an outcome not be possible
  13. In order to participate in the Global Management Challenge, the teams must complete the online registration form that shall be accepted only if properly filled out and validated by the event organizers before the start date of the Competition.
    • Participation is restricted to those who have completed secondary school education
    • Applications for the Global Management Challenge Kenya will not be accepted from persons not residing in Kenya.
  14. Each team in the Global Management Challenge must have a minimum of three, and a maximum of five members.
  15. The composition of each team is personal and exclusive in its nature, with it being expressly prohibited to form teams including members who are simultaneously registered in other teams of the competition.
  16. The provisions of the preceding rule apply to all the teams, and in all the phases / rounds of the competition.
  17. Irrespective of the competition phase, a breach of the provisions of rule 15 shall result in the immediate and automatic disqualification of all teams having a composition that does not respect its terms.
  18. Any changes to the members of the teams must be communicated to the event organizers, in writing, before the third Decision of the Opening Round, without prejudice to the provisions of the final part of rule 17.
  19. If one or more teams qualifying for the Second Round or the National Final withdraw, at the discretion of the organisers they may be replaced by the team(s) in the respective qualification group(s) with the next highest classification.
  20. Each team must complete and send its Decisions via (internet) the designated site (competition portal) in compliance with the competition schedule. Failure to do so, (and in particular, internet failures and/or other reasons not attributable to the event organizers), default values, as described in the Manual, shall be automatically entered as that team’s decisions. Teams that do not send at least three of the five sets of decisions in each round of the Global Management Challenge are automatically disqualified from the Competition.
  21. Each team is responsible for checking that its decisions, as reproduced in the Management Report, are correct and correctly sent. Possible errors arising from the transmission / receipt of the data relating to the decisions (for example, the corruption of files), can only be corrected if reported to the event organizers within a maximum period of 24 hours after of the Management Report is made available on the designated site.
  22. At the time of registration, each team member must declare that they have knowledge of the content of these rules and the respective manual provided to it, expressly recognizing that all the decisions relating to the interpretation and application of these rules shall be exclusively decided by the organizers. Each participant acknowledges and expressly accepts that the decisions made by the organizers are final and irrevocable in nature, and are therefore not capable of being appealed or opposed.