In conjunction with the Global Entrepreneurship Week (GEW) 2010, ACJC Entree Council sent five teams to compete in Junior Achievement (JA) Titan, a workshop and competition held on 18 and 19 November 2010 respectively.
JA Titan is a business simulation organized by Junior Achievement which allows participants to gain first-hand experience in decision-making for their companies. Companies compete by selling fictitious Holo-Generators in a computer-simulated business environment.
Companies are ranked according to their Performance Index (PI), with the top company having the highest PI. The PI is affected by 6 factors: Retained earnings, demand potential, supply potential, productivity, growth, and market share.
During each quarter, participants have to decide how and where to spend their money based on the performance of the previous quarter. They do so by varying key business decisions - price, production, research and development, marketing, capital investment, and charitable giving. In reality, all these are vital factors which lead to the success of many companies.
Through this, participants have gained many valuable lessons such as learning key business decisions and practices which can make or break a company's success.
Out of 30 participating teams, which included teams from Raffles Institution (Junior College), National Junior College, and various polytechnics, two teams from our school fought their way into the finals, with one team emerging as champion of JA Titan of Industry Singapore!
Congratulations to Jonathan Tan (1SB3) and Sharon Chan (1SD1)! The finalists also include Teoh Ze Tong (1SB3), Sebastian Quek (1SB3), and Ng Teng Yee (1SB3).
To God be the glory, the best is yet to be.