Argentina Students Named Among the Best Business Decision Makers In The World as Part of 1999 Hewlett-Packard Global Business Challenge.BRUSSELS--(BUSINESS WIRE)--Sept. 9, 1999-- Students from Argentina were named among the best business decision makers in the world today when they placed third in the 1999 Hewlett-Packard Global Business Challenge in Brussels, Belgium. The international event features software that allows students to compete with business decisions. It's all part of Junior Achievement International (JAI JAI Java Advanced Imaging JAI Justice et Affaires Interiéures (French: Justice and Home Affairs) JAI Journal of ASTM International JAI Just An Idea JAI Jazz Alliance International JAI Joint Africa Institute ), a non-profit organization A non-profit organization (abbreviated "NPO", also "non-profit" or "not-for-profit") is a legally constituted organization whose primary objective is to support or to actively engage in activities of public or private interest without any commercial or monetary profit purposes. that teaches young people about free enterprise. The Argentina team took home $1000. in U.S. dollars. -- Minsk, Belarus won first place and took home $3,000 in U.S. dollars. -- Second place went to Porto Alegre Porto Alegre Port and city(pop., 2005 est.: city, 1,386,900; metro. area, 3,978,263), southern Brazil. Located along the Guaíba River near the Atlantic Ocean coast, it was founded c. 1742 by immigrants from the Azores. It was first known as Porto dos Casais. , Brazil and won $2,000. -- Buenos Aires Buenos Aires (bwā`nəs ī`rēz, âr`ēz, Span. bwā`nōs ī`rās), city and federal district (1991 pop. , Argentina took third and received $1,000. -- Mexico City Mexico City Spanish Ciudad de México City (pop., 2000: city, 8,605,239; 2003 metro. area est., 18,660,000), capital of Mexico. Located at an elevation of 7,350 ft (2,240 m), it is officially coterminous with the Federal District, which occupies 571 sq mi , Mexico got fourth and won $500. -- Fifth place went to Vilnius, Lithuania and they won $250. The competition began eight months ago with 832 teams of students from 43 countries in all 24 time zones competing via the Internet. The student teams have been 'virtual managers' entering decisions on price, production, distribution, marketing and research and development on computer software that simulates a business. A composite score of retained earnings Retained Earnings The percentage of net earnings not paid out in dividends, but retained by the company to be reinvested in its core business or to pay debt. It is recorded under shareholders equity on the balance sheet. , market share, growth, productivity, plant capacity, and brand name awareness determined the winner. All eight teams began with a stock value of $99.00. The top three ending values were: -- Belarus $2,415 -- Brazil $2,273 -- Argentina $2,192 "These were the best-of-the-best Junior Achievement students from around the world," said Lee S. Ting, vice president and managing director of geographic operations for the Hewlett-Packard Company in Palo Alto Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif. "Hewlett-Packard is proud to sponsor the event." Ting announced today in Brussels that Hewlett-Packard will sponsor the 2000 Hewlett-Packard Global Business Challenge. That makes five consecutive years Hewlett-Packard has sponsored the event. "Junior Achievement International is grateful to Hewlett-Packard for its commitment to help educate youth around the world on the fundamentals of free and open market economies," said Sam Taylor, COO of JAI. Hewlett-Packard Company is a leading global provider of computing, Internet and Intranet solutions, services, communications products and measurement solutions, all of which are recognized for excellence in quality and support. Junior Achievement is the world's oldest, largest and fastest-growing nonprofit A corporation or an association that conducts business for the benefit of the general public without shareholders and without a profit motive. Nonprofits are also called not-for-profit corporations. Nonprofit corporations are created according to state law. economic education organization. Junior Achievement International (jaintl.com) serves nearly 1.5 million students in 106 countries. |
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