CIOB GSC 2015 - Period 8
Stasis?
An unusual stability in that HKU's 'Smurf Village', CGU's 'Saltire', HKPolyU's 'Tempe Construction', Curtin's 'The Mighty Ducks' and Chongquing's 'Chonquing University Student Center' all held the same places as the last round that is 1st, 2nd, 3rd, 4th and 6th. However the spread of the scores is marginally wider. The team out of the top six was Newcastle(Australia)'s 'UoN Nobbys' who slipped to 7th to be replaced by London Southbank's 'HK Global'. The chasing pack is still there so we expect some changes in the next two rounds.
Below the top six movements have been limited mainly to one or two places but 'RMIT CJ Team' has slipped a little more than that.
The psychology at this stage is usually interesting with the leading teams tending to get a) twitchy and b) cautious and this gives opportunities for those in the chasing pack with flair and courage to catch them. It's time to take some decisions that earlier you might have considered as risky. This is when leadership and disciplined decision making should show its value.
The ratio of turnover to company capital is an important indicator at a level of 9 times the company capital the questions start to be raised as to whether your company have enough assets to support its work load. But it also indicates that the company capital is working hard. If the ratio is much lower say 5 it indicates that the company's capital is not working hard and your Finance Director needs to consider how to respond. Grow the company's turnover, invest the capital outside the company or reduce the capital. It is not only the construction side of estimating and completing projects that determine a successful company. The financial side is equally important.
Period 8 results
Preliminary results, subject to change.
(Teams with a negative 100% have requested late submission or have been asked to resubmit)
Top 10
Team's improvement
CIOB GSC 2015 - Period 7
Time to review strategy?
The top six remain the same but the order has changed HKU's 'Smurf Village' remains 1st, GCal's 'Saltire' are up to 2nd from 4th, 'HKPolyU's 'Tempe Construction' down to 3rd from 2nd Curtin's 'The Mighty Ducks' are up to 4th from 5th and Newcastle's 'UoN Nobby's are up to 5th from 6th, Chongquing's 'Chongquing University CIOB Student Center' are down to 6th from 3rd. Challenging the top six are teams from London Southbank, HKU, RMIT and Curtin and the points difference is not great.
Universities with teams in last year's final but not in the top six, yet, are RMIT, last year's winners, Loughborough and Greenwich. There are considerable movements below the top ten so there is still plenty of time.
It's time to review strategy.
Teams set out with a strategy, a set of objectives, a game plan how to achieve their targets. After three rounds it is a good time to review how well the original strategy is working. Evidence of good leadership is to have the strength to review your strategy and make changes if necessary. Clinging on to a strategy that isn't quite delivering results isn't good management. Real directors have their strategies continually challenged by the dynamic nature of the market, competition for work and staff, uncertainty and risks. This calls for flexibility in response.
Period 7 results
Preliminary results, subject to change.
(Teams with a negative 100% have requested late submission or have been asked to resubmit)
Top 10
Team's improvement