{"id":36787,"date":"2020-01-17T17:00:58","date_gmt":"2020-01-17T22:00:58","guid":{"rendered":"https:\/\/news.samsung.com\/us\/?p=36787"},"modified":"2023-11-28T09:17:11","modified_gmt":"2023-11-28T14:17:11","slug":"samsung-hosts-junior-achievement-students-virtual-business-competition","status":"publish","type":"post","link":"https:\/\/news.samsung.com\/us\/samsung-hosts-junior-achievement-students-virtual-business-competition\/","title":{"rendered":"Samsung Hosts Junior Achievement Students for Virtual Business Competition"},"content":{"rendered":"

Excitement was palpable as young entrepreneurs from across New Jersey gathered on Thursday at Samsung Electronics America\u2019s U.S. headquarters, in Ridgefield Park for the regional round of the New Jersey Junior Achievement (JA) Titan<\/a> Challenge.<\/p>\n

\"\"<\/a>The virtual competition challenges students to play the role of corporate business leaders by making decisions that steer their company to success. Contestants set prices, determine production levels, make capital investments, develop budgets and allocate resources to marketing and research activities, while an algorithm crunches the data using market intelligence to identify the winning teams based on a performance index.<\/p>\n

\"\"

Students with Junior Achievement compete in the regional round of the organization\u2019s Titan Challenge for preparing students for a future in business.<\/p><\/div>\n

Sixteen of the first-round winning teams arrived ready for their next set of challenging business decisions \u2013 as well as a networking opportunity to hear from Samsung executives about the real world of work.<\/p>\n

\"\"

Joe Stinziano (right), Executive Vice President Consumer Business Division for Samsung Electronics America, speaks with two Junior Achievement members from Parsippany Hills High School about their future career plans.<\/p><\/div>\n

\u201cDon\u2019t be afraid to make mistakes,\u201d said Joe Stinziano, Executive Vice President Consumer Business Division for Samsung Electronics America, as he welcomed student teams to the regional Titan contest round. \u201cBe okay with being flexible and changing your plan.\u201d<\/p>\n

\"\"<\/a><\/p>\n

Stinziano, who also serves on the Board of Directors for Junior Achievement of New Jersey, praised the competitors as \u201csophisticated\u201d business students and encouraged them to follow their heart as much as they follow their brain when choosing their professional path.<\/p>\n

\u201cWhere I grew up, we all knew we\u2019d need an extra break or two to succeed in life,\u201d Stinziano said. \u201cJunior Achievement gives these kids not only a business framework but also a chance to think about how they want to contribute to society, to give back.\u201d<\/p>\n

\"\"

Joe Stinziano showed the Junior Achievement students Samsung\u2019s Galaxy Fold smartphone while speaking to the group about career choices and his role as the EVP of the Consumer Business Division at Samsung Electronics America.<\/p><\/div>\n

After the students grappled with decisions affecting the profit, sales and market share of their virtual companies, other Samsung executives joined them for networking during lunch to learn more about how these skills apply to a real-world business environment.<\/p>\n

\"\"

John Herrington, Sr. Vice President and General Manager of Home Appliances at Samsung Electronics America, meets with students during the Junior Achievement Titan Challenge regional competition hosted at the company\u2019s offices in New Jersey.<\/p><\/div>\n

\u201cIt was great visiting Samsung and seeing the types of jobs we might want in technology \u2013 technology that doesn\u2019t even exist yet,\u201d said Alex K., of team M.A.D., a Junior at Union County Vocational-Technical High School, one of two first-place winners of the challenge.<\/p>\n

\u201cIt was so interesting to find out what Samsung is looking for when hiring \u2013 and what we might want to work on in terms of character, education and skills,\u201d said teammate David G.<\/p>\n\n\t\t<\/div>\n\t\t<\/div>\n\t\t

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Open only to members of FBLA and DECA middle and high school business clubs, the New Jersey JA Titan competition attracted more than 200 teams for the virtual elimination round held in November. Sixty-four of them proceeded to the regionals, being held at four different corporate offices this month, including Samsung. First and Second Place winners from two groups at the Samsung-hosted round of competition now advance to the championship round in February.<\/p>\n

\"Junior

Group 1 First Place winners: Team \u201cMAD\u201d from Union County Vocational-Technical High School; (From L to R) Alex K., David G. and Meredith R.<\/p><\/div>

\"Junior

Group 2 First Place winners: Team \u201cNo Chance\u201d from Morris Hills High School; (From L to R) Moses Y., Srivatsa K. and Jeremy B.<\/p><\/div>

\"Junior

Group 1 Second Place winners: Team \u201cSKSKSK\u201d from Morris Hills High School; (From L to R) Smridhi M. and Karie S.<\/p><\/div>

\"Junior

Group 2 Second Place winners: Team \u201cFire Breathing Rubber Duckies\u201d from Montgomery High School; (From L to R) Drew P. and Shashaank J. <\/p><\/div><\/div>

<\/div><\/div><\/div>\n

\u201cWe love these regional rounds with our corporate partners, because it\u2019s a great opportunity for our students to network with Samsung employees and really get a taste of what Samsung is like,\u201d said New Jersey JA program manager Katelyn Serpe. \u201cWe\u2019re able to offer all of our programs free of cost to students and schools throughout the state in part because of our awesome corporate partners, like Samsung.\u201d<\/p>\n

New Jersey Junior Achievement is one of more than 100 area offices of Junior Achievement USA whose programs help prepare students for the real world by showing them how to generate wealth and effectively manage it, how to create jobs that make their communities more robust and how to apply entrepreneurial thinking to the workplace.<\/p>\n","protected":false},"excerpt":{"rendered":"

Excitement was palpable as young entrepreneurs from across New Jersey gathered on Thursday at Samsung Electronics America\u2019s U.S. headquarters, in Ridgefield Park for the regional round of the New Jersey Junior Achievement (JA) Titan Challenge. The virtual competition challenges students to play the role of corporate business leaders by making decisions that steer their company […]<\/p>\n","protected":false},"author":84,"featured_media":36776,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[29719,17563],"tags":[23341,287],"blue-badge":[],"class_list":["post-36787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate","category-corporate-education","tag-junior-achievement","tag-samsung-gives"],"acf":{"turn_off_retargeting":false},"fimg_mobile_url":"https:\/\/img.us.news.samsung.com\/us\/wp-content\/uploads\/2020\/01\/17165128\/IMG_7789.jpg","fimg_url":"https:\/\/img.us.news.samsung.com\/us\/wp-content\/uploads\/2020\/01\/17165128\/IMG_7789.jpg","primary_category":{"term_id":29719,"name":"Corporate","slug":"corporate","term_group":0,"term_taxonomy_id":29719,"taxonomy":"category","description":"","parent":0,"count":1026,"filter":"raw","term_link":"https:\/\/news.samsung.com\/us\/category\/corporate\/","term_path":"corporate"},"badge":false,"_links":{"self":[{"href":"https:\/\/news.samsung.com\/us\/wp-json\/wp\/v2\/posts\/36787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.samsung.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.samsung.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.samsung.com\/us\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/news.samsung.com\/us\/wp-json\/wp\/v2\/comments?post=36787"}],"version-history":[{"count":0,"href":"https:\/\/news.samsung.com\/us\/wp-json\/wp\/v2\/posts\/36787\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.samsung.com\/us\/wp-json\/wp\/v2\/media\/36776"}],"wp:attachment":[{"href":"https:\/\/news.samsung.com\/us\/wp-json\/wp\/v2\/media?parent=36787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.samsung.com\/us\/wp-json\/wp\/v2\/categories?post=36787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.samsung.com\/us\/wp-json\/wp\/v2\/tags?post=36787"},{"taxonomy":"blue-badge","embeddable":true,"href":"https:\/\/news.samsung.com\/us\/wp-json\/wp\/v2\/blue-badge?post=36787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}