Azerbaijan students win 12th HP Global Business Challenge

Global Citizenship

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Two students from Azerbaijan have been awarded the first prize in the 12^th HP Global Business Challenge in August. The Challenge is an annual business simulation competition, organised in conjunction with Junior Achievement Worldwide (JA), one of world’s largest organisations dedicated to inspiring and preparing young people to succeed in a global economy through in-school and after-school enterprise education programmes.

The international competition invites student teams to make a series of online budgeting decisions affecting a hypothetical business over selected period of time. The decisions involve capital investment, research and development, pricing structures, marketing and production.

More than 1,470 students from 374 teams in 16 countries took part in the preliminary rounds of the competition, out of which eight teams were selected for the final. The finalists, including teams from Argentina, Canada, China, Lithuania and Russia met in Prague last month for the final round at the HP office. The winning team from Azerbaijan was awarded the top prize of €2,250 (3.000 USD).

The competition involved an online high school-level programme, in which students were required to act as CEOs and CFOs, exercising critical economic and management decisions whilst competing in a simulated global marketplace. It was designed by JA, which specialises in teaching young people entrepreneurial skills.

Gabi Zedlmayer, vice president, Corporate Marketing and Global Citizenship HP EMEA said: “HP recognises the potential for working in partnership with organisations such as JA to encourage innovation, diversity and global collaboration among the entrepreneurs of tomorrow. The competition offered the students an opportunity to experience first hand the challenges that come with operating a successful global enterprise.”

The European organisation of JA, JA-YE is Europe’s largest provider of enterprise education programmes, funded by businesses, institutions, foundations and individuals. HP EMEA’s partnership with JA-YE currently spans 25 European countries, focusing on making business education accessible to as many young people as possible.

Read our blog entry about the Global Business Challenge.

October 2007 issue

Global Citizenship Reports 2006 (*)

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