Home > Team Inforamtion > 2003-2004 SIFE Projects

 

SIFE Projects 2003-2004 University of Maryland

 

I. Ethics

* College Park:

Activity #1: Managerial Ethics and the Scale of Ethics
Project Chair CP: Rocio and Jess Summary: Teaching College business freshman about the different types of managerial ethics. Analyze ethical and unethical scenarios related to business issues. Target: College Freshman Presentations: - Markets and Societies on 11/5/03 by Rocio and Carolina

Activity #2: Academic Integrity: A Bridge to Professional Ethics
Target: Middle School Students Presentations: Leaders of Tomorrow on 10/__/03 by Babsi and Sakisha

*Shady Grove:

Project Chair SG: TBA

Activity #1: Copyrights and Patent Laws
Target: Middle School and College Sophomores
Summary: The activity shows students how creative works can either be encouraged and supported to everyone's benefit, or stolen and exploited to the harm of creators. Since it could be assumed that legal structures weren't a big deterrent in this developing country, it comes down to an ethical decision based on the principles of fairness and honesty made by individuals and entrepreneurs. This activity should help students deal ethically with temptations to download or copy the works of artists.

Activity #2: Evaluate new products from an ethical and economic prospective
Target: Middle School
Summary: The students learn to evaluate new products from an ethical, as well as an economic, perspective. While demand for illegal or harmful products may be high, selling them would be unethical, despite the fact that profits can be made by those who produce or distribute them.Students will
Recall that consumers are sometimes willing to pay for products that are illegal or harmful. Familiarize themselves with ethical decision making guidelines. Investigate and analyze the ethical issues surrounding the production and sale of controversial products.

Activity #3: Accounting Practices in businesses
Target: High School and College Summary: The students make judgments about the accounting practices of businesses and learn why ethical standards are important for business people.
Students will:

o Review how businesses account for income and expenses.
o Examine ethical and unethical accounting practices.
o Identify the consequences of unethical accounting practices for a business and its investors.
o Recognize the importance of accurate financial reports.

Activity #4 :Insider Trading and Business Competition
Target: High School and College
Summary: The students examine ethical issues related to competition. They learn why insider trading is illegal.
Students will:

o Review four types of business competition.
o Read about insider trading.
o Develop similes for insider trading.
o Clarify what makes insider trading unethical.

 

Activity #5: Academic Integrity as a Bridge to Professional Ethics
Target: College and above
Summary: PowerPoint presentation and handouts complied by College Park students. CP SIFE students have previously done presentation at Howard University.

Activity # 6: Ethical Scenarios for High School Students
Target: High School Students
Summary: Dean Cleveland has provided four ethics scenarios. Use the scenarios to prepare

Activity #7: Ethical Scenarios for College Students
Target: College Students
Summary: Dean Cleveland has provided four ethics scenarios. Use the scenarios to prepare presentation.
Title:
Target:
Summary:

 

II. Fiscal Fitness Presentations:

*College Park:

Project Chair: Carolina
Title: Investing with a Purpose
Target: Adults
Summary: The Department of Community Affairs of Prince George's County prepared a 2-hour long workshop about 'How to Buy a Home' targeted to the adult Hispanic population. The workshop included:

a. How to finance your home by Bank of America.
b. Understanding legal issues and the title process by CorTitle
c. Finding your home by a Robin Realty Real Estate Agent.
d. Understanding your credit and FICO score by SIFE, UM.

- This event will be covered on a Gazette article.
- Traditional Latin American refreshments were provided to all participants.
- More of these workshops are going to be scheduled in the future.

*Shady Grove:

Activity #1: Credit Card Usage-With American Express
Project Chair SG: TBA
Target: High School Seniors and College Students
Summary: Only 38% of college students prepare a monthly budget, 32% are currently in credit card debt and less than half understand how the stock market works, according to results of the 2002 SIFE Fiscal Fitness Survey of college students from 27 campuses in 19 states. Gen is waiting for a response from American Express to partner in their Junior Achievement Program. Junior Achievement: U.S. and international programs in which American Express employees and advisors team up with local Junior Achievement organizations to teach students the basics of business, economics and career skills.

Activity #2: College Application Process & Financial Aid
Project Leaders: Gen Oliver & Susi Klein, Jess Combs & Sakisha
Target: High School Students
Summary: Off-campus mentoring. Saturday, November 8 Type: Presentation, 1:15 - 2:00 pm Location: Howard University Hospital Room 3800
Title:
Target:
Summary:

 

III. Free Market Economics (Jan-Feb)

Activity #1: Import/Export- Lunch project
Target: Grade School
Summary: Explain import and exporting to a group of grade school students. Start with incomplete lunches and let students' trade to obtain a complete lunch.

Activity #2: Exploring Product Designs and Marketing Strategies Geared towards Teenagers
Target: Grades 6-8, 9-12
Summary: In this lesson, students consider the marketing of cellphones to teenagers as a springboard to designing products and related marketing strategies aimed at specific segments of the teen market.
Students will:

o Explain what appeals to them about advertisements aimed at teenagers; consider why companies would want to market to teens.
o Learn how cellphone manufacturers are changing the designs of their products to appeal to teens by reading and discussing "Youth Will Be Served, Wirelessly."
o In groups, design new versions of technological products and related marketing strategies aimed at teens; create design and marketing presentation poster.
o Create advertisements for their group products, targeting specific segments of the teen market; present marketing plans, design posters and advertisements to the class "focus group."



IV. Logistics Experience

Target:
Summary: Logistics and Transportation Society and/or Professor Dewitt about doing a potential presentation or possibly even a field trip (shipping industry in inner harbor...something that Professor Turner mentioned to Melissa in the past)

 

V. Polsky Personal Investing in Equity Mutual Funds Competition (Feb)

Project Chairs CP: Hoang, Manjula, Pushkar
Target: Businesses and Dining Hall employees.
Summary: To familiarize employees of various organizations (University of Maryland, Profit and Non-Profit organizations) with different retirement accounts options and various investing choices.

 

VI. Entrepreneurship

Activity #1: Center for Entrepreneurship
Target: Adults
Summary: The Washington Jobs Partnership (NJP) by mentoring inner-city individuals who seek to improve their economic situation through learning and applying entrepreneurship and financial management skills. This is a 16-week-long program, and the volunteers work 2 hours per week and on some additional weekends. The volunteers are trained and supervised by Mr. Brian Cunningham, a successful retired entrepreneur and professional business mentor who is also one of the founding board members of the Washington Chapter of the NJP. The SIFE team assists with course preparation, including developing and distributing course materials, collecting and evaluating assignments, and holding one-on-one group lab sessions outside of class. Some of the important features of the program include: Developing a concise 30 - 40 page business plan consisting of an extensive market analysis, a five-year financial projection, and operational and managerial components of the business. A lecture series on "How to Start and Operate a Business" with the help of the SIFE students and the course materials published by the National Foundation for Teaching Entrepreneurship. A session is also offered on "Management Principles of Jesus" to include the spiritual needs necessary for character development. Computer lab training sessions conducted weekly by the students for the aspiring entrepreneurs to give them the technological edge to conduct their research and make them efficient in their business practices. Group participation in an empowering, motivational "Get the Edge" program by Anthony Robbins, a renowned business and personal success coach.
Contact: Prashant Koirala, Location: 633 Park Road North West, Washington DC

Activity #2:
Target: Small business entrepreneurs
Summary: Consulting Activities Date: Wednesday, November 15, 5-7 pm Location: Ronald Reagan Bldg., D.C. Participants: Small business entrepreneurs
(One of Dean Cleveland's mentoring activities

 

 

VI. Kauffman Foundation Entrepreneurship Assistance

Activity #1: New Marketing Strategy for the "_______" Tea House
Project Chairs CP: Babsi and Jess
Target: Small Business in College Park area
Summary:

 

 

VII. Luncheon on Business and Education (March)

Target: Adults and college community at Shady Grove
Summary: Faculty and connections in this area from the Smith School and Hinman program, the Dingman Center and the Macklin program. Montgomery County Chamber of Commerce, the Montgomery College Hispanic Business Institute, the Hispanic Chamber of Commerce and/or the SBA for the State of Maryland

 

 

VIII. Smith Mentoring Activities

a. High School Presentations: Date: Tuesday, November 14, 3-4 p.m. Location: Seneca Valley HS Title: Spanish Language Smith Admissions Presentation
b. Campus hosted events Date: Saturday, April 24, 8:30 am - 4:30 pm Type: Maryland Day Open House Participants: SEO, LoT, Project 312

 


IX. Diversity and College Admissions


Activity: Translate the Smith School Undergraduate admissions materials into Spanish and Chinese.

Spanish: Ceci, Rocio, Carolina
Chinese: Li and Soso
Summary: