Students formed companies and took over running a multi-million dollar simulation sporting goods company.
MCC’s second annual Australian Business Week kicked off at the end of last term. Throughout the week students were challenged with decision making that affected their business in terms of marketing, finance and operations. Students also had to turn a real profit by taking a microfinance loan of $10 and paying it back by Friday with surplus. All profits raised went towards Opportunity International, a microfinance charity in the developing world. Additional challenges involved creating a 30 second video commercial, preparing a company report and building a trade display to interact with real customers.
Keynote guest speakers included Timothy Delahunty, CFO of CommBank Indonesia, Renaud Besnard, Senior Director of Global Marketing for Twitter and Jonathan Palmer, Economist from the WA State Treasury. Business mentors from the local community assisted with coaching student companies through several of the problems they faced. Rob & Karen Dybeck, owners of Mundaring Subway and business mentors said “We love seeing how projects such as ABW have an impact on the school culture and add to what is being built at MCC.” Lyle Stewart, Risk Management Consultant at Deloitte and ABW mentor agrees that events like ABW expand the horizons of both students and staff – “fantastic to see the culture being developed at MCC, empowering and trusting students and staff”.
Thanks to all business mentors, staff, students and parents for making ABW 2019 a tremendous success.
Mr David Elsing