A few dozen area high school students are putting their business skills to the test in the 5th annual Junior Achievement Titan Challenge. JA Development Manager Amanda Overton says 20 teams of students are acting as CEOs of simulated companies.
"They have a product," said Overton. "They have to come up with the R&D on it, the marketing, figure out what price is best."
How do high schoolers know what kinds of decisions to make? Overton says some of them have been preparing for months, plus each team is assigned a business mentor, who volunteers to help. It's a challenge, not a contest, so the winner is determined very simply: The "business" with the highest performance index.
Overton says the each member of the winning team today gets bragging rights, plus a $400 scholarship.
There were two teams each from Hoban, Copley, Firestone, Hudson, Highland (Medina), Highland (Sparta), Stow-Monroe Falls, Waterloo, Woodridge and Wooster high schools.
Update 6:15 P.M.: The first place team was a team from Medina Highland, followed by a team from Hudson. A group from Copley came in third place.