YSU hosts Ohio Business Week

More than 50 students from across Ohio will participate in Ohio Business Week at Youngstown State University from Sunday, June 24 to Saturday, June 30.

Fifteen of the students attending the weeklong program are from the tri-county area.

“YSU plays a crucial role in helping the Foundation prepare Ohio’s youth for future leadership roles in the business community,” said John Davis, executive director of the Ohio Business Week Foundation. “After attending OBW at YSU, students will emerge from the program with the skills necessary for success in higher education and the work force.”

Current high school freshmen, sophomores and juniors have registered for the program. Students from diverse backgrounds come together to form companies and learn business skills, concepts and theories from local and regional business leaders. Students compete in activities that promote leadership and ingenuity and learn about entrepreneurship by developing a business plan, a marketing plan and a financial plan for a start-up business.

Advisers and guest speakers represent large and small businesses from around the state. Students will attend workshops on: elements of cost, marketing and advertising, personal finance, business communications, customer service and entrepreneurship. Most activities will take place in Kilcawley Center at YSU.

“The Williamson College of Business Administration strongly believes in preparing Ohio’s youth for success in the American free enterprise system,” said Betty Jo Licata, dean of YSU’s Williamson College of Business Administration. “Each summer, Ohio Business Week participants leave our campus with a better understanding of entrepreneurship, business success and ethical business practices.”

Established in 1988, the Ohio Business Week Foundation is a statewide non-profit organization that provides high school freshmen, sophomores and juniors with the opportunity to gain firsthand experience in business and entrepreneurship.

Participants are assigned to a “company” with 10-12 other students and a loaned executive called a company adviser. The students develop an idea for a new business venture; complete business, financial and marketing plans; construct a trade show display; develop an advertisement or web page; and create a TV or radio commercial.

At the end of the week, the companies compete in the Emerging Entrepreneur Project Competition. To prepare students for the competition, the Foundation relies on business leaders from across the state of Ohio to provide mentoring and expertise to the student teams.

Applications for the 2013 OBW camp can be downloaded from the Ohio Business Week website. Students may also apply online. For more information, please call Christine Shelton, WCBA coordinator of external relations, at 330-941-3068 or cgshelton@ysu.edu.