Sujith R M
CHENNAI: Three colleges from the city have qualified for the National level competitions of the Students In Free Enterprise (SIFE) India Southern Regional Competitions 2006 in Mumbai on June 18. Madras School of Social Work, D.B Jain College and Alpha Arts and Science College were selected from the 13 colleges that participated. They will compete in Mumbai for a chance to represent India at the SIFE World Cup in Paris in September.
The event held at the Savera hotel was inaugurated by S. Ramasundaram, chairman and managing director, Tamil Nadu Industrial Development Corporation, and is sponsored by SYNTEL, a U.S. based Business Process Outsourcing enterprise.
Keshav Murugesh, Chairman, SIFE India and Chief Operating Officer, SYNTEL said "The aim of this event is to inspire students to think beyond their limits and let them develop leadership, teamwork and communication skills by learning, practicing and teaching the principles of free enterprise." He added that students acquire a positive attitude after interaction with global corporates like Wal-Mart, KPMG, Nortel Network and Unilever. This also provides an opportunity for the youth to showcase their skills and talent and they are even hired by companies. He cited an example of a project in Nashik Central Jail where the inmates made handicrafts and leather goods that were given to government organisations for sale. The prisoners got a surplus and were encouraged to try for exports . It improved their discipline and became a source of sustained livelihood.
Each team is given thirty-seven minutes for presentation. The team will have a maximum of seven minutes to distribute annual reports to judges, twenty-four minutes to present details and five minutes to answer questions posed by judges. A minute is given to set up the presentation . The judging criteria is divided into five parts that include how a market based economic system works, skills to succeed in a competitive global economy, entrepreneur and financial management skills, business ethics and long term strategy to attain sustainability.