Changing the world, one extraordinary place at a time

Changing the world, one

extraordinary place at a

time.



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Gustavus Adolphus SIFEThe 2004-2005 Gustavus SIFE Team…

…would like to welcome you to our 4th annual, regional competition presentation. Welcome!



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Presenters:

Lance HendricksonSeniorFinancial EconomicsMapleton, MN

Trish KunkelSeniorFinancial EconomicsMotley, MN

Ross WelteJuniorFinancial EconomicsCoon Rapids, MN

Casey FoxSeniorManagementSanborn, MN

Allison RyanFreshmanUndecidedSt. Paul, MN

Allison OsgoodFreshmanUndecidedSt. Cloud, MN

Owen HolmsethJuniorManagementFrost, MN



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Gustavus Adolphus College: An Extraordinary Place

Location: St. Peter, MinnesotaPop. 9,747(1 ½ hrs. south of Twin Cities10 min. north of Mankato)

Institution Type: Private, Liberal Arts, Lutheran (ELCA) Affiliated Swedish Background

Enrollment: 2,542 Full-Time Students 13:1 Student/Faculty Ratio;

Average Class Size: 17

Founded In: 1862 in Red Wing, MN; Moved to St. Peter in 1876Oldest Lutheran school in MN



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Team History:• Inception: 1st Meeting - Late September 2001

Informational Meeting/Pizza PartyInitial Team of 7 members

• 2002 Rookie Of The Year Recipient: Chicago Regional

• 4th Officially Active Year

• Current Team: 14 students; achieved increased membership every year since inception

• Meetings are held weekly to plan and continue work on projects.



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Team Mission:

- To design educational outreach projects by combining classroom knowledge with real

world experiences to help people better understand business ethics, free markets, entrepreneurship, and personal finance.-



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Goals:• Long Term (Enduring)–

1. Maintain, while strengthening the SIFE tradition at Gustavus.

2. Increase our presence as an established organization on campus. Be more recognized and familiar of who we are and what we do.

3. Strengthen the commitment and initiative among the current members on our team.

• Short Term (Current Year) –

1. Increase membership of our team over previous year.

2. Establish solid base for sufficient funding for upcoming year.

3. Establishing a strong Business Advisory Board of 6 enthusiastic members and encourage a strong relationship with them.

4. Perform an improved presentation at regional competition over last year’s presentation.



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“Dress For Success”: Project Need• Most upcoming and recently graduated college students lack

the proper knowledge and are underprepared with proper interview dress, both informal and formal.

• This means…Current students need to receive that correct information to prepare them for interviewing, successfully.

• How can Gustavus SIFE teach upperclassman at Gustavus to dress appropriately for interviews??



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“Dress For Success”:Project Description• Coordinated local business woman to attend Gustavus and

work with Casual Corner, where she works, and Knights Chamber.

• She supplied numerous examples of business clothes for both men and women so that they could see examples of proper dress for interviewing.

• Q & A session to ask various items from more on dress to other aspects of the interview in order for the students to “dress for success.”



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“Dress For Success”:Results & Future PlansContributed Hours: 10 Students Involved: 4Number Impacted: 25 Status: NEW, completed

• Results:- Increased knowledge of proper attire for formal and informal interviews.

• Future Plans- Repeat next year while bringing in other people with knowledge in the area to provide different exposure to differing perspectives.



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St. Peter High School:Project Need• Electing to attend college after high school takes a great deal of

preparation.

• Part of the decision-making process that high school seniors and juniors go through is deciding what major they may have some interest in and what they may want to do with their life.

• However, high school students are often unaware of the many career options that accompany different majors.

• How can Gustavus SIFE educate local high school seniors and juniors on their options with a major from the Economics/Management department??



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St. Peter High School:Project Description• Contacted George Schoenborne, teacher at the local St. Peter

High School. The Gustavus SIFE has built a relationship with Mr. Schoenborne through previously visiting his classes and performing this project.

• Gave presentations to two classes of students in “School Bank.”

• Presentation Information:1. What is involved in, what can you

do with, and what types of jobs can you obtain with a major in Economics, Accounting, and Management.

2. Importance of continued education and making the transition from high school to college.



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St. Peter High School:Results & Future Plans

• Results:- 4th consecutive year of this project. - Increased exposure of business majors and the possibilities they provide.- Extensive Q & A resulted in valuable first hand knowledge.

• Future Plans:- Repeat project next year, strengthening relationship with St. Peter High School.- Possibly bringing high school students to Gustavus for a presentation.- Possibly expanding the presentation to include more students, more information or a combination of the two.

Contributed Hours: 10 Students Involved: 3Number Impacted: 50 Status: REPEAT, completed



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Dispatch-N-Tow Business Plan:Project Need• Local businessman approached the Gustavus

Economics/Management department in need of advice for his newly purchased company.

• He wants to expand the company into a profitable venture for his software development company that specializes in wrecker dispatching.

• We split the project into two phases as we were aware this was a large undertaking.

• He presented to the team his ideas and what he was trying to do and we decided to create a business plan for him.

• How can Gustavus SIFE help this business man but also teach others of what they are doing??



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Dispatch-N-Tow Business Plan :Project Description• Split up the research of the appropriate segments of the

business plan.

• Have team members do outside research, data gathering and rough constructing of the business plan elements.

• Frequent contact with the owner was necessary because necessary information was scarce. The company is relatively new so financial statements aren’t extensive and the operations are not well defined.



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Dispatch-N-Tow Business Plan :Results & Future Plans• Results:

- Phase I is completed with preliminary research finished. We’ve decided the extent to which we can present the business plan to the businessman and how complete we make it with the information that is available.

• Future Plan:- Phase II will be completed after SIFE regional competition and before the end of the school year. This will involve final assemble of the many parts of the business plan, polishing of the information he desires and presenting the plan to him.

- Gustavus SIFE also needs to determine how to teach others of what we learned through this project and that may be done through a seminar with the businessman.

Contributed Hours: 100 Students Involved: 14Number Impacted: 1 Status: NEW, completed



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Ethics Panel Discussion:Project Need• Students repeatedly learn about the importance of ethics and

the significance that it is building in the working world.

• Create an awareness of the challenges faced by business managers with regard to ethics in general.

• Provide an opportunity for SIFE members to practice presentation skills to an outside business audience.

• How can Gustavus SIFE help students better understand ethics in the business world??



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Ethics Panel Discussion :Project Description• Invited a panel of business managers to attend Gustavus and

speak on the topic of ethics and how they pertain to their company

• Invited Gustavus campus and local business community to attend the discussion with the business managers in a panel format.

• SIFE members provided an overview of the topic to start the evening’s discussion.

• Wrapping up the discussion with an enthusiastic Q & A session.



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Ethics Panel Discussion :Results & Future Plans

• Results:- Increased awareness of ethics in the medical, insurance, banking and retail industries and the similarities and differences among them.

- Generated positive exposure of SIFE to the business community and to the local campus.

• Future Plans:- Repeat panel but with managers from different selection of

industries.

Contributed Hours: 10 Students Involved: 3Number Impacted: 50 Status: REPEAT, completed



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Support Structure:

• Gustavus SIFE Team: 14 total members, 1 Advisor2 Co-Presidents, 1 Secretary

• Business Advisory Board:

Bruce JohnsonCo-Chair of Gustavus Economics/Management Department

Cynthia Favre: Associate Director, Gustavus Adolphus Career Center

Jeremy Busch:Chisum Repair Systems Marketing Coordinator

Milt TorattiRepresentative for Riverbend Center for Free Enterprise



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Funding:

• Because we are non-profit and do not have a lot of money, our team focused on developing cost effective projects.

• Next year we want to change this. We’ve signed up for the InkCycle program in partnership with SIFE. We want to generate a decent amount of cash flow to allow us much more flexibility in our projects and also in our recruitment for the team.

• We also will propose a budget to the Gustavus Student Senate to receive funds for our projects next year.



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Goals:• Long Term (Upcoming Year)–

1. Have a solid team of 20 dedicated members built, prepared at the beginning of classes in the fall.

2. Establish regularly scheduled projects, (ex. Every last Friday of the month), providing exposure to SIFE. Projects such as guest speakers, seminars and discussion panels.

3. Create regular times to have Business Advisory Board members to meet with team to keep motivation and flow of ideas high.



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Thank-You!

Thank-You judges for your dedication to being here to today to make this competition successful!

We would now like to invite any questions that you may have.

Documents

Changing the world, one extraordinary place at a time