More Than 1,200 Teens Worldwide Compete in Annual HP Global Business Challenge; International Competition Promotes Innovation, Diversity and Global Collaboration, Russian Team Takes First Place.COLORADO SPRINGS Colorado Springs, city (1990 pop. 281,140), seat of El Paso co., central Colo., on Monument and Fountain creeks, at the foot of Pikes Peak; inc. 1886. It is a year-round resort and a booming military, technological, and commercial city. , Colo. -- Russian students Anastasia Sycheva and Andrey Rusakov took first prize in the 11th annual HP Global Business Challenge, an international business competition for teens. The live championship round was held recently at the HP campus in Cupertino, Calif., and included teams from Azerbaijan, Canada, China, Estonia, Russia, and Ukraine. More than 1,200 students on 570 teams from 41 countries participated during the spring to determine the eight final student teams that would make the trip to California to pit their business acumen against the opposition. The contest requires each team to make a series of budgeting decisions affecting a hypothetical business over 2 1/2 years, or ten quarters, including capital investment, research and development, pricing structure, marketing and production level. The team with the best overall performance wins the contest. The contest is organized by JA Worldwide (Junior Achievement) and sponsored by HP. During their stay in California, contestants were treated to excursions at The Monterey Bay Aquarium The Monterey Bay Aquarium, which is located in a former sardine cannery on Cannery Row in Monterey, California, is one of the largest and most respected aquariums in the world. It has an annual attendance of 1.8 million and holds 35,000 plants and animals representing 623 species. , a tour of HP Labs, and the Tech Museum of Innovation. "At HP, we seek to encourage innovation, diversity and global collaboration, and through our support of these talented students and this inspiring competition we're doing just that," said Bess Stephens, vice president and global director, Philanthropy philanthropy, the spirit of active goodwill toward others as demonstrated in efforts to promote their welfare. The term is often used interchangeably with charity. and Education, HP. "These students exhibited a vibrant entrepreneurial and collaborative spirit and are a credit to their generation and the vision of free enterprise. We congratulate the Russian team The Russian Team was a professional wrestling team in the 1980's that attempted to prove their Soviet dominance over their opponents. History The Russian Team was formed in December 1984 in the NWA's Jim Crockett Promotions. and all of the participants in the HP Global Business Challenge." Anastasia and Andrey, from the city of Ekaterinberg, were presented with a check for $3,000 at the awards ceremony, emceed by Scott Budman of NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. 11 in San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. . Speakers included Jack E. Kosakowski, executive vice president and chief executive officer of JA Worldwide; Bess Stephens, vice president and global director of Philanthropy and Education at HP; and Satjiv Chahil, senior vice president for worldwide marketing in the Personal Systems Group at HP. About JA Worldwide(TM) (Junior Achievement) JA Worldwide is the world's largest organization dedicated to educating young people about business, economics and entrepreneurship. Through a dedicated volunteer network, JA Worldwide provides in-school and after-school programs for students in grades K-12. JA Worldwide offers educational programs that focus on seven key content areas: business, citizenship, economics, entrepreneurship, ethics/character, financial literacy Financial literacy is the ability of individuals to make appropriate decisions in managing their personal finances. Raising levels of financial literacy is now a focus of government programmes in countries including[1] Australia, Japan, the United States and the UK. , and career development. Today, 142 offices reach approximately four million students in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , with more than three million students served by operations in 96 countries worldwide. For more information, visit www.ja.org. |
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