2008

Azerbaijani Students 6th Worldwide on Business Decision-Making
Date published: Feb 11 2009
2008 >>

 
While the world’s sport tensions heated in Beijing, sixteen young bright business minds challenged each other in Colorado Springs, CO, United States for the prestigious Hewlett-Packard Global Business Competition awards. Junior Achievement Worldwide and HP Corporation brought together eight teams from Argentina, Azerbaijan, Canada, Estonia, Lithuania, Hong-Kong, United States, and Poland, who passed through qualification rounds and semi-finals of the business Olympiad to compete in the final contest.

The HP Global Business Challenge (HPGBC) is based on JA Titan, an online program that allows teams of high school and college students to act as chief executive officers of virtual manufacturing companies and compete to earn the highest performance index. The teams make decisions that affect the profitability and sustainability of their virtual company and attempt to outperform their competitors in profit, sales and market share. They set prices, determine production levels, and invest in capital, plan marketing, charitable giving, and research and development budgets. Junior Achievement teams from Azerbaijan make the finals of HPGBC four years in a row, winning the competition in 2007.

On August 19, Vugar Nasibov and Shahriyar Amirli, the JAA alumni team from the Azerbaijan State Oil Academy, traveled to the Colorado Springs, CO to participate in the final contest. “We developed our own strategy of business operations that we believe will be successful,” was commenting Vugar a day before the competition, while going through piles of reports generated by JA Titan software. The next day, when the competition commenced, everybody realized – it would be stiff.

After playing twelve quarters, the students waiting for the competition results joined the gala dinner, attended by JA Worldwide President and the Board of Directors, media and international business community members. "The HP Global Business Challenge is Junior Achievement's most intense competition, requiring superior knowledge and skill levels," said Sean C. Rush, President of JA Worldwide, before announcing the winners. "These students are socially minded technology innovators and through this competition we are empowering their entrepreneurship and work readiness."

Based on the contest results Azerbaijani team finished 6th. Lithuanian students won the competition and $3,000 cash award, Argentina became 2nd with $2,000-award, and Estonian team finishing 3rd with $1,000 as an award.

JA Azerbaijan will continue supporting Azerbaijani students to participate in HP Global Business Challenge in 2009 to help them examine their business and economic skills with the peers worldwide.

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, 139 individual area operations reach more than 4 million students in the United States, with an additional 4.3 million students served by operations in 118 other countries worldwide. For more information, visit http://www.ja.org/.

About HP
HP focuses on simplifying technology experiences for all of its customers – from individual consumers to the largest businesses. With a portfolio that spans printing, personal computing, software, services and IT infrastructure, HP is among the world’s largest IT companies, with revenue totaling $113.1 billion for the four fiscal quarters ended July 31, 2008. More information about HP (NYSE: HPQ) is available at http://www.hp.com/.

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