For Immediate Release:
August 31, 2009
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Junior achievement announceS Russia winner of
2009 HP Global business challenge
2009 HP Global business challenge
Contest encourages students to apply entrepreneurial thinking.
Colorado Springs, Colo. —JA Worldwide® (Junior Achievement) today announced Team Topol-M from Russia as the winner of the HP Global Business Challenge, a worldwide competition designed to increase students’ business knowledge and skills.
JA Worldwide and HP hosted 16 students representing eight countries in São Paulo, Brazil, as the two-member teams competed on the financial field of battle in the final round of competition. Team Topol-M emerged victorious, receiving first-place honors and a cash prize of US $3,000. Second place, and a US $2,000 prize, went to Team 4 Life from Kazakhstan, with Team Phi from China placing third and receiving US $1,000. Fourth place and US $500 went to Team Intell, also from Russia; Team Adna from Azerbaijan rounded out the top five and received a US $250 prize.
Registration for the international competition began in October 2008, drawing 300 teams and nearly 1,000 student-competitors from Argentina, Armenia, Azerbaijan, Bolivia, Brazil, Bulgaria, Canada, Cayman Islands, China, Costa Rica, Denmark, Ecuador, Georgia, Guatemala, Hong Kong, India, Indonesia, Kazakhstan, Lithuania, Mexico, Moldova, Paraguay, Peru, Poland, Romania, Russia, Singapore, Turkmenistan and the United States. After two elimination rounds fueled by the entrepreneurial spirit, eight teams emerged as finalists to compete in the last round of face-to-face competition to win the title of “JA Titan of Industry.”
The 2009 HP Global Business Challenge is based on JA Titan®, Junior Achievement’s online simulation program that allows teams of high school students to act as chief executive officers of virtual manufacturing companies. The teams are prompted to make decisions that affect the profitability and sustainability of their virtual companies as they attempt to outperform their competitors in profit, sales and market share. By exercising critical economic and managerial decision-making, students get firsthand experience in the challenges of operating a successful global enterprise.
“The HP Global Business Challenge requires innovative thinking. It is JA’s most intense competition, and participants must demonstrate solid entrepreneurial skills and financial knowledge,” said Sean C. Rush, president and chief executive officer, JA Worldwide. "Through the HPGBC, Junior Achievement empowers young entrepreneurs to reach high levels of work readiness, social responsibility and technological expertise.”
“We have worked together with Junior Achievement for 14 years to host the HP Global Business Challenge, and we remain enthusiastic about the competition’s positive impact,” said Yvonne Hunt, director, Global Social Investment, HP. “HP recognizes the value and potential of partnering with Junior Achievement to encourage innovation, diversity and global collaboration among the entrepreneurs of tomorrow.”
More information on the HP Global Business Challenge is available at http://www.ja.org/Programs/programs_high_intl_hpgbc.shtml.
About JA Worldwide® (Junior Achievement)
Junior Achievement is the world’s largest organization dedicated to inspiring and preparing young people to succeed in a global economy. Through a dedicated volunteer network, Junior Achievement provides in-school and after-school programs for students which focus on three key content areas: work readiness, entrepreneurship, and financial literacy. Today, 131 individual area operations reach more than four million students in the United States, with an additional five million students served by operations in 123 other countries worldwide. For more information, visit www.ja.org.