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2010 Global JA Titan Challenge Winner Announced
For Immediate Release
JUNIOR ACHIEVEMENT ANNOUNCES LITHUANIAN
Worldwide online contest tests students' entrepreneurial thinking and business acumen.
Colorado Springs, Colo. – Junior Achievement today announced Team SPRESIME from Lithuania as the winner of the Global JA Titan Challenge, a worldwide online competition designed to test students' business knowledge and skills.
The Global JA Titan Challenge is based on JA TitanTM, Junior Achievement's online simulation that allows teams of high school students to act as chief executive officers of virtual manufacturing companies. The teams are prompted to make decisions that affect the profitability and sustainability of their companies as they attempt to outperform their competitors in profit, sales and market share. By exercising critical fiscal and managerial decision-making, students get firsthand experience in the challenges of operating a successful global enterprise.
The Challenge was comprised of three rounds of competition which took place from mid-February through the end of May. Twenty-nine countries were represented by 243 teams of students-each team typically has three to five members.
Team SPRESIME received first-place honors and a cash prize of US $3,000; second place, and a US $2,000 prize, went to Team Aero from China. Team INTELL from Russia placed third and received US $1,000. Fourth place and US $500 went to Team OTAH from Kazakhstan; Team Roots from Poland rounded out the top five and received a US $250 prize.
"To succeed in the Global JA Titan Challenge, participants must demonstrate quick yet effective decision-making across a variety of disciplines in a compressed timeframe. It is JA's most intense competition; participants must possess and use solid entrepreneurial skills and financial knowledge," said Sean C. Rush, president and chief executive officer, JA Worldwide. "Through the Challenge, Junior Achievement empowers young people to experience and excel in the global economy's competitive environment, which is mimicked in the JA Titan simulation."
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