June 26, 2012

Lake Erie College Hosts Business Camp for High School Students

(Painesville, Ohio) – Sixty high school students were on campus the week of June 17-22 to participate in the hands-on program, Learning About Business (LAB). The program brought together students from high schools in Lake, Geauga and Cuyahoga counties to learn from local business leaders while they worked together to complete a group business project.

The LAB program is a week-long competition in which high school sophomores and juniors experience real-life interactive business experiences that help them better understand free enterprise. Throughout the week, students learned about promotion and advertising, accounting principles, management, labor relations and all of the functions needed for a successful business.

Every day, new speakers and activities helped the students manage a virtual company; this year, the students developed, advertised and promoted a hybrid car. The students were divided into 12 teams of five students each and were judged through a sophisticated computer program. At the end of each day, the students received a score and learned what was done right or wrong.

Presenters included local area leaders from the Lake County Captains, PNC Bank, Hennes-Paynter Communications, K&D Group and Classic Automotive Group. The LAB students also participated in an international conference call while visiting Lubrizol Corporation.

"We were fortunate to have another successful year of the LAB program. The program opened the students’ eyes to the world of business as it really exists,” said Michael Jablonski, LAB Executive Director.