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HP and Junior Achievement Announce Lithuania as Winner of 2008 HP Global Business Challenge

Contest encourages students to apply entrepreneurial thinking

COLORADO SPRINGS, Colo., Aug. 20, 2008

HP and JA Worldwide® (Junior Achievement) today announced Team Hattrick from Lithuania as the winner of the HP Global Business Challenge, a worldwide competition designed to increase the business knowledge and skills of students.

This week, HP and JA Worldwide hosted 16 students representing eight countries at HP’s Colorado Springs campus as they competed in the final round of the contest.

Team Hattrick received the first place honor and was granted a cash prize of $3,000. Second place was awarded to Team Santos from Argentina, with Team Kiki from Estonia placing third.

The competition began in late February with 238 worldwide teams participating. After two elimination rounds, eight teams emerged as finalists to compete in the last round of face-to-face competition.

“Teaming with Junior Achievement for the last 12 years on this challenge supports HP’s goal to encourage innovation, diversity and global collaboration among the entrepreneurs of tomorrow,” said Yvonne Hunt, vice president, Global Social Investment, HP. “In addition, we are pleased to announce our 2009 grant commitment to JA Worldwide, a gift totaling $1 million in computer hardware and continued collaboration in major JA programs globally.”

2008 HP Global Business Challenge

The 2008 HP Global Business Challenge is based on JA Titan™, an online program that allows teams of high school students to act as chief executive officers of virtual manufacturing companies and compete to earn the highest performance index.

The teams are prompted to make decisions that affect the profitability and sustainability of their virtual company and attempt to outperform their competitors in profit, sales and market share. They set prices, determine production levels, invest in capital, and plan marketing, research and development budgets.

“The HP Global Business Challenge is Junior Achievement’s most intense competition, requiring superior knowledge and skill levels,” said Sean C. Rush, president and chief executive officer, JA Worldwide. “These students are socially minded technology innovators and through this competition we are empowering their entrepreneurship and work readiness.”

Students from the following teams traveled to Colorado Springs to participate in the last round of competition:


  • Argentina – Team Santos, National University of Cordoba, Cordoba
  • Azerbaijan – Team Rasmus, Azerbaijan State Oil Academy, Baku

High Schools

  • Canada – Eagles, Auburn Drive High, Cole Harbour, Nova Scotia
  • Estonia – Team Kiki, Narva Kreenholmi Gymnasium, Narva, Ida-Virumaa
  • Hong Kong – SCC Top Company, Christian Alliance SC Chan Memorial College, Tuen Mun
  • Lithuania – Team Hattrick, Klaipeda Azuolyno Gymnasium, Klaipeda
  • Poland – Team Frytos, I Liceum Ogólnokształcące im. Stanislawa Dubois, Koszalin
  • United States – Tallassee 2, Tallassee High School, Tallassee, Ala.

More information on the HP Global Business Challenge is available at

About JA Worldwide® (Junior Achievement)

Junior Achievement is the world’s largest organization dedicated to inspiring and preparing young people to succeed in a global economy. Through a dedicated volunteer network, Junior Achievement provides in-school and after-school programs for students which focus on three key content areas: work readiness, entrepreneurship, and financial literacy. Today, 139 individual area operations reach more than 4 million students in the United States, with an additional 4.3 million students served by operations in 118 other countries worldwide. For more information, visit

About HP

HP focuses on simplifying technology experiences for all of its customers – from individual consumers to the largest businesses. With a portfolio that spans printing, personal computing, software, services and IT infrastructure, HP is among the world’s largest IT companies, with revenue totaling $110.4 billion for the four fiscal quarters ended April 30, 2008. More information about HP (NYSE: HPQ) is available at

© 2008 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.

Editorial contacts:

Pamela Bonney, HP:

Stephanie Bell, JA:

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