NEWS
| JA Azerbaijan to Host the Finals of 2010 National Management and Economics Competition |
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| Date published: Mar 09 2010 |
| NEWS >> |
 March 10, 2010 – 2.30 p.m. at Grand Hotel Europe, Baku Room: Junior Achievement Azerbaijan hosts the finals of the 2010 National Management and Economics Competition (NMEC). The activity is conducted within the School Economics Education Program (SEE), supported by the coalition of companies – Statoil Absheron, the United States Agency for International Development (USAID), and Chevron Khazar Ltd. as main donors, and Baker & McKenzie, Bakcell, AmCham, and the Ministry of Youth and Sports as event partners.
The guest speakers at the event will be representing Statoil, USAID, Chevron and the Ministry of Youth and Sports. All media agencies are invited to attend the event that will be held with participation of representatives from business and academic community.
During the event, eight teams from Baku schools (##132, 95, 264, Elitar Gymnasium and Zarifa Aliyeva School), and Agdash’s Guvekend and Yukhari Leki village schools will compete for the title of National Champion on using the business simulation software. While simulating "business quarters," students enter decisions on price, production, marketing, capital investment, and R & D. The impact of the decisions will lead to the success or failure of each student company. In total 152 students from Baku, Sumgayit, Mingechevir, Agdash, Kurdamir, Yevlakh, and Goranboy regions of Azerbaijan participated in the elimination rounds.
During the event, a friendly match between the winner students and representatives from business community will take place. The event will end with an awards ceremony.
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Junior Achievement provides teachers, and schools with concrete programmes, and allows students to learn how to put theory into practice and to understand what entrepreneurship is about. In this way students gain self-confidence and motivation, become proactive and learn how to work in a team. This is an important investment in Europe's future.