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Four Harvey Students To Participate In LAB Program At Lake Erie College This Summer

The Harvey High School students who have been selected for the LAB program are: Alejandra Padilla, Alexandra Padilla, Katie Rupert and Irma Frausto.

Learning About Business (LAB) has provided an award-winning, total-immersion, interactive business experience for high school students on the Lake Erie College campus in Painesville, Ohio. LAB students get to experience college life away from home during LAB week.

The hands-on free-enterprise program exposes students to all aspects of the business world. In one short week participants form a virtual global company, develop a management team and structure, create and execute a business plan that includes production, marketing, and sales goals. To be successful they have to deliver results to shareholders.

During LAB week, teams make significant product development, marketing, sales, and management decisions. Some of the decisions they face include supply, safety, pricing, and ethical issues, plus catastrophic events. The virtual businesses are modeled - and their success, or failure, measured - using a dynamic, sophisticated, computer-simulated marketplace to reflect each of these decisions in their quarterly stock price.

To connect LAB's principles and activities to the real business world (for-profit or non-profit), more than one hundred savvy and successful community business volunteers share their talent and knowledge as presenters, panelists, mentors, coaches, and advisers.

LAB also introduces students to life skills to build on in the future in becoming successful business leaders in the global marketplace.

LAB selects approximately 60 high school students who are about to enter their junior or senior year. The program recruits from some 30 public and private high schools in Lake, Geauga, Ashtabula, and Cuyahoga counties and on occasion admits foreign students.

The students were recruited by Harvey business teacher Nell Rapport. The program fee for the four Harvey students is being paid by a grant from Avery Dennison.