by Daniyal Saud, UN Club VP
|Students in Free Enterprise (SIFE) matched their
educational outreach projects against the programs of other SIFE
teams at the 2009 Students in Free Enterprise Regional Competition
and Career Opportunity Fair held on March 25 at the Hyatt Regency
garnering the first runner-up position.
SIFE, founded in 1975, is an international non-profit organization
active on more than 1,400 university campuses in 48 countries.
SIFE teams create economic opportunities in their communities
by organizing outreach projects that teach market economics,
entrepreneurship, personal financial success skills, and business
ethics. At competitions, their projects are judged by business
leaders on creativity, innovation, and effectiveness.
The regional competition was comprised of three four-year institutions
and two two-year colleges from the Pacific Region, and was one
of 16 SIFE USA Regional Competitions held throughout March and
April. The first place winners from all regional competitions
will proceed to SIFE’s National Exposition held in Philadelphia,
Pa., on May 10-12. This is the ninth year HPU SIFE has placed
as one of the top two teams. Teams were judged on the effectiveness
of their projects during a 24-minute presentation and were evaluated
on creativity and innovation, results of education programs,
success in utilizing resources, and documentation of activities.
During the academic year, the HPU SIFE team organized numerous
events in the community. As two of the top events, HPU SIFE created
a high school business competition in Hawai‘i which will
take place on April, and enhanced development in Cambodia by
mobilizing two student organizations at HPU and one SIFE team
from Germany to engage in fundraising activities with the goal
of building a school.
For the high school business competition, four public high schools
and 109 students signed a commitment to participate. The competition
is based on GoVenture, a software teaching the students how to
run a fictitious business, and it simulates the management of
key ratios in the business. The students have a number of learning
objectives—business, entrepreneurship, economic, finance,
and accounting being the most significant ones. The students
will gain software skills and learn the importance of responsible
behavior in today’s business world.
One of the beliefs that HPU SIFE has is that less fortunate global
communities should be provided the opportunity to sustain themselves.
To uphold this principle, HPU SIFE decided to contribute to positive
change in a Cambodian community. To make a difference, the SIFE
team worked closely with the nonprofit organization called Cambodia’s
Hope. HPU SIFE realized that the future of the country lies in
the hands of the new generation. To enhance development in Gambodia,
HPU SIFE raised funds to build a basic open-air school to Slar.
The construction of the school will start in July, and SIFE’s
goal is to have the school functioning in September. To promote
sustainability, HPU SIFE will continue to work closely with Cambodia’s
Hope and the participating student organizations to establish
trade markets for the village.
Other events organized during the year were Credit and Financial
Seminars, the HPU SIFE Organizational Sustainability project,
HPU SIFE Volunteer Income Tax Assistance project, HPU SIFE MyCleanCloset
project, and the Mix Café Marketing Plan project.
Members of the SIFE team in the regional competition were Sven
Blauth from Germany, Xiao Yi from China, Truls Kolstad from Norway,
Tomoko Furukawa from Japan, Mihkel Välja from Estonia,Andreas
Schwab from Germany, and Paul Harleman from the Netherlands.
For more information about SIFE, call 1-800-677-SIFE or visit
the HPU Student Newspaper. All rights reserved.
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maintained by Angela Sorace