After a period of intensive trialling the University of Melbourne Enginuity 2024 Competition is underway, with a competitive field of teams all battling for supremacy against their peers.

And so to the action, and all the teams made excellent starts, with the early pacesetters after 41% growth being "Group 1 Consulting" with 1,407 pts, but they cannot rest on their laurels with the chasing pack very close behind led by "Hungry Mate", just 6 points further back, and "Myth Build" and "PROEng" tied in 3rd place. However, it is early days, and there are sure to be plenty of twists ahead as the journey through the Early Years unfolds.

The early signs are that the competition will be very competitive, with all the teams improving their overall position in period 5. However, this was not unexpected. After being formed at the beginning of period 1, overhead costs were incurred whilst the companies were being established, without any profits being generated. The companies were now in a position to generate profits against a more stable overhead base, and this was reflected in improved operating profits. Of course, growth will be impossible without an effective strategy, and all the management teams have had time to think about this carefully, and come up with a set of objectives to deliver business success for their stakeholders.

League table at the end of period 5