Students in Free Enterprise Competition
Every year, SBU's SIFE team attends a SIFE regional competition in the early spring. Prior to competition, the team prepares a presentation detailing projects completed throughout the school year. At competition, the team presents to a panel of judges, or business professionals, who judges the team's projects and their presentation. The panel judges projects according to the following criteria:
- Understand how a market-based economic system operates
- Acquire the education and skills training needed to succeed in a dynamic, competitive global economy
- Learn how to succeed as an entrepreneur and/or improve an existing business
- Develop the personal financial management skills necessary to achieve financial independence
- Understand that the long-term success and prosperity of a market economy, businesses, and individuals are dependent on ethical business practices
- Make environmentally sustainable personal and business decisions
The team’s projects must incorporate the above principles in order for a team to achieve a good score.
If the team does well at the regional competition and becomes a Regional Champion, it moves on to the national competition. Last year, SBU’s SIFE team was a Regional Champion and competed at the national competition in Philadelphia, PA.
This year, the SIFE team plans to attend both the regional competition and the national competition in Minneapolis, MN. The 2010 Competitions will be:
- Regional Competition is in Rogers, Arkansas April 13, 2010.
- National Competition is in Minneapolis, MN May 11-13, 2010.