(MENAFN - Arab Times) Gulf Bank has announced that two of its teams qualified for the national heats of the Global Management Challenge, which was held on 18 March at Holiday Inn. The two teams, 'Victorious Secret' and 'Innov8', were among 12 teams entered by the Bank under the umbrella team title 'Team Gulf Bank'. Two teams from Team Gulf Bank were among 6 teams that reached the 2014 Global Management Challenge Kuwait finals, all competing to earn the right to represent Kuwait in the global final, which will be held in Sochi, Russia. Gulf Bank's team "Innov8" received the 2nd place prize and was awarded with the "Highest Investment Performance Boost in One Quarter" award
Commenting on the teams' achievement, Mrs Salma Al-Hajjaj, General Manager of Human Resources at Gulf Bank said: "We are very proud that two of our teams have got to the national stage of this prestigious competition. Gulf Bank's support for this initiative underlines our commitment to investing in people and providing opportunities for them to develop as individuals. In addition Gulf Bank continues to support young people in the community by sponsoring university students to partake in this competition. Our corporate social responsibility mission is focused on preparing youth to becomtomorrow's business generation, so that when they graduate, they will have the skills and tools to compete in a world- class commercial environment.
Each of the Team Gulf Bank teams comprises a mix of Gulf Bank employees from various departments. 'Victorious Secret' incudes: Faisal al-Gharabally, Nasser Al-Musallam, Marwa Hajjiah and Jamil Girgis while 'Innov8' includes: Tamer El-Bayoumi, Vikas Sethi and Abdulrahman Al-Ramadan. The Global Management Challenge is the world's largest simulated strategy and management competition. It is based around a virtual environment with its own market and shares. Teams manage their own companies with the objective of getting the highest investment performance. The competition measures the investment return for the original shareholders, not just the value of their shares at the end of the competition, but also taking into account any shares purchased, or sold, as well as any dividends received
The Global Management Challenge teaches real world business tactics and decision-making in a safe, virtual environment. Due to the competition's effectiveness and success, it earned the European Foundation for Management Development- technology-enhanced learning program (EFMD CEL) accredit