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Alzheimer Recognized for Work with High School Business Programs
Tim Alzheimer, College of Business adjunct assistant professor of
finance and former commercial bank officer, was awarded the 2007
"Most Outstanding High School Economics Program" from Business
Simulations, Inc. in Pompano Beach, Florida, in April 2008. This
award recognizes Alzheimer's administration of the High School
Business Challenge Simulation for the Montana Council for
Economic Education.
The Business Challenge is an eight-week simulation, where
students manage a compact disc video player manufacturing
company. Business decisions are made weekly, with each decision
representing one quarter in the business lifecycle. Students are
required to make decisions in areas such as plant size, amount of
production, product price, advertising and human resources. The
team with the highest overall stock price is deemed the "winner."
This simulation, used in high schools across Montana as well as
other states across the country, is one of several separate
business simulation applications created by Business Simulations,
Inc. Each year, the company selects one secondary and one
post-secondary teacher and program that they believe has
developed the most outstanding business and economics program by
using their software, for the award. This award is a great honor
and Dean Richard Semenik commends the efforts of Alzheimer and
the high school teachers he works with.
"Under the leadership of College of Business faculty member Tim
Alzheimer, the High School Business Challenge has proven to be
one of the most successful and impactful developmental economic
education programs in the state," said Semenik. "Literally
thousands of high school students have been able to participate
in a sophisticated, hands-on learning experience that would
otherwise not be available to them."
Montana's Business Challenge program is sponsored by the Montana
Chamber Foundation. The Montana Council on Economic Education
administers the program. Alzheimer plays an integral role in this
program, providing all teacher training and simulation
demonstrations across the state. In addition, Alzheimer
personally analyzes all student team simulation decisions.
The Business Challenge began in eight schools around the state in
the spring of 2000, with approximately 186 student participants.
The program has expanded exponentially, with more than 60 junior
high and high schools and nearly 1,600 students now participating
in the program.
When asked what this award means to him, Alzheimer says that it
shows students and teachers are embracing his efforts in the
field of economic education, as evidenced by the increasing
number of participants in the program. "Our country is now, and
will continue to face many serious economic issues. In ten years,
today's students will be an integral part of our economy. I would
rather they be a part of the solution, rather than a part of the
problem," Alzheimer states.
Alzheimer finds that having students learn basic economic
fundamentals is very rewarding in itself. He quotes Jon Huntsman,
Jr. saying, "Economic prosperity and quality of education for our
children are inexorably linked." Alzheimer goes on to says, "This
is why I teach, and am so passionate about what I do."
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