Erwida Maulia, The Jakarta Post, Jakarta
Sixteen-year old Jaya Sakti, an 11th grader from the SMK 26 Jakarta vocational school, said his dream was to one day run a boardinghouse business.
Over the weekend, Jaya was able to live out this dream, taking part in the two-day SimBiz 2009 contest, a software-based entrepreneurial business competition in Jakarta offering students the chance to learn about managing a company.
Around 150 high school and 100 university students from across the country entered competitions with prizes worth Rp 17 million (US$1,550) in total.
Throughout the day, students such as Jaya learned how different business decisions affected companies by monitoring the progress of a virtual enterprise.
"I've learned that increasing the selling price of a product can impact the product's sales. If we want to raise prices, we have to also increase market spending," he said.
His friend, Muhamad Iqbal Saifudin, said he was taught how to use software to make business planning easier to draft.
The two students were finalists in the business simulation contest for high-school students.
The competition, organized jointly by Bina Nusantara (Binus) University's International program and software company Prestasi Junior Indonesia (affiliated with software developer Junior Achievement Worldwide) required participating students to develop their businesses using the simulation software JA Titan.
The students were divided into teams of two, in which each group was given between 70 and 120 minutes to act as executives of a manufacturing firm. Then, entrusted with the responsibility of a company head, they had to make decisions based on six business concepts: the price of products, amount of goods produced, marketing costs, research and development costs and investment costs.
Binus University International's student dean Dominique Razafindrambini said during the opening ceremony SimBiz 2009 aimed to help students improve their business skills and knowledge, as well as sharpen their skills.
Member of Prestasi Junior Indonesia's national board and former environment minister Sarwono Kusumaatmadja said Indonesia needed to encourage more of its citizens to be business-minded, and that entrepreneurial skills should be developed early on.
The contest, adopted from international business simulation competition The Hewlett Packard Global Business Challenge, was sponsored by US-based giant mining firm PT Freeport Indonesia and technology consultant firm Accenture.
"We're happy that students from various regions, including Greater Jakarta, Bandung, Yogyakarta and East Kalimantan, enthusiastically took part in this competition, which serves as an education tool about the importance of business decisions," said Freeport spokesman Mindo Pangaribuan.
The competition received praise for boosting students' awareness about owning a businesses, particularly after complaints were directed at schools for only encouraging students to work with private firms or state offices.
Source : The Jakarta Post
Sixteen-year old Jaya Sakti, an 11th grader from the SMK 26 Jakarta vocational school, said his dream was to one day run a boardinghouse business.
Over the weekend, Jaya was able to live out this dream, taking part in the two-day SimBiz 2009 contest, a software-based entrepreneurial business competition in Jakarta offering students the chance to learn about managing a company.
Around 150 high school and 100 university students from across the country entered competitions with prizes worth Rp 17 million (US$1,550) in total.
Throughout the day, students such as Jaya learned how different business decisions affected companies by monitoring the progress of a virtual enterprise.
"I've learned that increasing the selling price of a product can impact the product's sales. If we want to raise prices, we have to also increase market spending," he said.
His friend, Muhamad Iqbal Saifudin, said he was taught how to use software to make business planning easier to draft.
The two students were finalists in the business simulation contest for high-school students.
The competition, organized jointly by Bina Nusantara (Binus) University's International program and software company Prestasi Junior Indonesia (affiliated with software developer Junior Achievement Worldwide) required participating students to develop their businesses using the simulation software JA Titan.
The students were divided into teams of two, in which each group was given between 70 and 120 minutes to act as executives of a manufacturing firm. Then, entrusted with the responsibility of a company head, they had to make decisions based on six business concepts: the price of products, amount of goods produced, marketing costs, research and development costs and investment costs.
Binus University International's student dean Dominique Razafindrambini said during the opening ceremony SimBiz 2009 aimed to help students improve their business skills and knowledge, as well as sharpen their skills.
Member of Prestasi Junior Indonesia's national board and former environment minister Sarwono Kusumaatmadja said Indonesia needed to encourage more of its citizens to be business-minded, and that entrepreneurial skills should be developed early on.
The contest, adopted from international business simulation competition The Hewlett Packard Global Business Challenge, was sponsored by US-based giant mining firm PT Freeport Indonesia and technology consultant firm Accenture.
"We're happy that students from various regions, including Greater Jakarta, Bandung, Yogyakarta and East Kalimantan, enthusiastically took part in this competition, which serves as an education tool about the importance of business decisions," said Freeport spokesman Mindo Pangaribuan.
The competition received praise for boosting students' awareness about owning a businesses, particularly after complaints were directed at schools for only encouraging students to work with private firms or state offices.
Source : The Jakarta Post
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