The 16th International Future Business Leaders Summit commenced in Shanghai, China, attracting over 500 students to attend it from more than 30 foreign language schools or those international course departments of high schools. 17 students from International Course Department of High School Attached to Shandong Normal University (AHS) attended the contest and won a considerable number of individual or teamwork prizes like “Outstanding CEO”, “Best Producer Award”.
The organizing committee made arrangements for contestants to experience business affairs and invited Professor Swiercz from Business School of George Washington University to address a speech to them. The contest set up simulate industrial market and financial market, respectively intended for companies and individuals. In the following 5 simulate fiscal years contestants would found companies to undertake the 4 business operation as well as retail procedures of stock issue, stock exchange, bonds share and <http://dict.youdao.com/w/%E8%82%A1%E7%A5%A8%E5%9B%9E%E8%B4%AD/>stock repurchase. Companies shall strive to achieve profitability by flexibly adopting various approaches like state share holding, sino-foreign joint venture <http://dict.youdao.com/w/Sino-foreign joint venture/> and scientific and technological innovation. Over the contest companies’ research and development strength, purchase fund and Value C would vary from each other.
Despite their debut to attend the contest, AHS students actively participated in the contest, undertaking product design and promotion and making outstanding achievements, with Chen Zhuo, Wang Zidong, Xu Ziming and Che Zhiyuan granted “Best Manager Award”, Niu Jingda winning “Outstanding CEO” and Deng Yaru, Wang Jiayi and Ren Anwen conferred “Excellent State Share-Holding Company”.
Simulate Business Contest originates from the simulate business activities as an educational program intended for high school students in the US. With the procedures of setting up and operating their simulate companies and undertaking business operations like product development. production and promotion, it can well nurture students’ business attainments, strengthen their leadership, promote communications among high school students, develop their teamwork awareness and capacity and widen their visions.
Reported by Liu Wei
Translated by Feng Zhao
Net Editor: Yang Hua