TWO female finance managers from Sears Menswear have beaten off
competition from more than 150 teams in industry to win the 1991
Institute of Directors/Lotus Business Challenge.
Karen Foster, a retail accountant with Fosters Menswear, and Julie
Lees, finance manager with the Your Price chain, were the only
all-female team among the eight finalists which included British Steel,
BP Oil and Royal Insurance.
Based in Solihull, the two women nearly didn't make the final -- held
in London -- due to pressure of work. Not rating their chances, they
were ''staggered and delighted'' to come out on top.
The challenge tests participants' management skills with
computer-simulated business scenarios. It encourages teams to use
computer modelling tools to aid forecasting and strategic decision
making.
In the preliminary rounds, teams have to assess three investment
opportunities for a fictitious venture capital company and then manage
the business they had chosen. The eight teams with the highest return on
their investment met in the final.
The winning team received #3000 worth of Lotus business software.
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