Eberly Hosted Junior Achievement Titan Business Challenge

Posted on 3/28/2014 2:32:29 PM

Junior Achievement ChallengeTeams from nine area high schools converged in Eberly College on March 20, 2014, for the Junior Achievement Titan Business Challenge.

“The Junior Achievement Titan Business Challenge was designed to release student creativity, test leadership skills, and demonstrate the competitive nature of the free enterprise system,” Kelli Ruiz, director of Education for the Junior Achievement of Western Pennsylvania, said.

Teams of three students were matched with business consultants and taught the nuances of running a global business.

The challenge consisted of three rounds, each representing a business quarter. The first round was five minutes, and the rounds shortened by one minute as the challenge progressed.

The student teams strategized to operate the most successful global business by making real economic decisions on price, production, marketing, capital investment, and research and development, which they do online in the highly competitive industry of the fictional Holo-Generator.

The success or failure of the teams’ virtual business hinges on the key decisions made by the students, Ruiz said.

Students learned how to make and applied business decisions and interacted and learned from business leaders.

Students were also introduced to industry reports, balance sheets, profit and loss statements, and market conditions.  

“This program benefits students by teaching them how to make business decisions,” Ruiz said.

Following the competition, door prizes and student awards were handed out. First place won $100 per person, second place won $50 per person, third place won $25 per person, and fourth place won $20 per person.

Door prizes included gift cards to local eateries, Walmart and Sheetz.

Junior Achievement of Western PA connects corporate and community volunteers with young people to inspire them and prepare them to succeed in a global economy.

Eberly College of Business and Information Technology

—Aleda Johnson