Junior Achievement Titan Competition 2010

(L to R), Bang Geng, Jaynie and Jun Jie with judges and officials of the competition

Participating in the Junior Achievement Titan Workshop and Competition from 18 to 19 Nov 2010 gave us the opportunity to broaden our understanding of running a virtual company and competing in a computer-simulated business environment.

As Freshmen, we were not sure if we would swim or sink if we were to participate in the competition, but after meeting up with our Senior, Nyang Bing Ru, who emerged champion with his team for the same competition in 2009, hissharing about his experience finally got all of us interested.

In the workshop, we learnthow to strategically set the price for our product (a holo-generator) to undercutting the market competition via various factors in which we have to set based on what our competitors’ offer to the virtual customers. The workshop also included a sharing session by participants from the other polytechnics and junior colleges. One of which was an investment proposal involving marketing a product through a patent and certain termsthat we picked up were “break-even-point” and “product lifecycle”. We were then given some time for us to put what we have learnt into practice… in a simulation game that modeled closely to that of the world of business. The Supply and Demand concepts that we learnt from our Diploma helped us in interpreting the demand of consumers and analyzing competitor’s strategies.

In the finals, we met our formidable competitors and westruggled over the decisionswe had to make in ashort span of time as each would affect the overall performance of our company.

We were overjoyed and fortunate to come in 2nd placing. This competition not only give us the opportunity to learn new concepts outside our classrooms, but also the opportunity to meet new friends. We would strongly recommend this competition to all students.

Soh Jun Jie
Chew Bang Geng
Jaynie Anne Margareth T Pineda
(Freshmen - Diploma in Financial Business Informatics)