United

FedEx runs students trade challenge awards scheme in eight countries

Friday, 13 February 2009

FEDEX Express has  launched its ‘Young Achievement Australia International Trade Challenge’ for secondary school students.

Now in its third year the awards scheme will run in eight Asia-Pacific countries in two phases - the national competition run by Young Achievement Australia (YAA) and the Asia-Pacific regional ‘International Trade Challenge’ run by Junior Achievement Worldwide (JA).

The competition is designed to engage secondary students, between the ages of 15 and 18, through the creation of an international ‘market-entry strategy’ for a product they design, and through competition with peers.

“FedEx is proud to support a new generation of entrepreneurs through this program,” said Rhicke Jennings, managing director, FedEx Express Australasia. “Young people’s understanding of business and trade in a globalised world is fundamental to this region’s continued economic success.”

For the local competition, the student teams are asked to develop a ‘market-entry strategy’ paper for the international marketing of a product. The three best entries are then selected to represent Australia at ITC final in Thailand at the end of August, where they develop a specific product and create an original ‘international marketing plan’ for a designated country.

Through this process, students work as teams and gain first-hand experience of what roles world trade, product distribution and sales play in a market environment. In addition to teamwork, participating students learn about the basics of risk evaluation in the business world and gain confidence in their analytical ability.

Entries for the Australian International Trade Program close 22 June, with final judging results announced 13 July.   The six students (three teams) judged to have submitted the best entries for the national competition will then have the opportunity to travel to Thailand, 03-08 August, to compete in the International Trade Challenge against teams from across the Asia-Pacific region.

HACTL
Cathay Cargo
United

FedEx runs students trade challenge awards scheme in eight countries

Friday, 13 February 2009

FEDEX Express has  launched its ‘Young Achievement Australia International Trade Challenge’ for secondary school students.

Now in its third year the awards scheme will run in eight Asia-Pacific countries in two phases - the national competition run by Young Achievement Australia (YAA) and the Asia-Pacific regional ‘International Trade Challenge’ run by Junior Achievement Worldwide (JA).

The competition is designed to engage secondary students, between the ages of 15 and 18, through the creation of an international ‘market-entry strategy’ for a product they design, and through competition with peers.

“FedEx is proud to support a new generation of entrepreneurs through this program,” said Rhicke Jennings, managing director, FedEx Express Australasia. “Young people’s understanding of business and trade in a globalised world is fundamental to this region’s continued economic success.”

For the local competition, the student teams are asked to develop a ‘market-entry strategy’ paper for the international marketing of a product. The three best entries are then selected to represent Australia at ITC final in Thailand at the end of August, where they develop a specific product and create an original ‘international marketing plan’ for a designated country.

Through this process, students work as teams and gain first-hand experience of what roles world trade, product distribution and sales play in a market environment. In addition to teamwork, participating students learn about the basics of risk evaluation in the business world and gain confidence in their analytical ability.

Entries for the Australian International Trade Program close 22 June, with final judging results announced 13 July.   The six students (three teams) judged to have submitted the best entries for the national competition will then have the opportunity to travel to Thailand, 03-08 August, to compete in the International Trade Challenge against teams from across the Asia-Pacific region.

HACTL
Cathay Cargo
HACTL
Cathay Cargo