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Scots College Students Benefit from Business School Guidance

04 Dec 2012

University of Sydney Business School faculty and students collaborated with the Scots College to mentor Year 10 students participating in a business simulation program, in keeping with the School's strong tradition of encouraging entrepreneurship.

The Australian Business Week program is an in-school business competition that requires students to take over and run a large company over a simulated eight-quarter period. Under the guidance of mentors from the Business School, Scots College students learnt to make effective and intuitive entrepreneurial decisions, developing workplace competencies of teamwork, financial management and business strategy through marketing, operations and resource management.

The mentors included Abdul Razeed, Lecturer in the Discipline of Accounting, and Student Ambassadors Mario Moreno, Thomas Farmakis, and Alice Joe.

"This was my first year mentoring and it was a great experience," said Thomas. "I explained the practical side of business to the students I mentored, and clarified concerns they had about actual business inputs."

Discipline of Accounting Associate Lecturer Wes Hamilton-Jessop adjudicated the Trade Display category on the final day of the competition. "I was incredibly impressed with the quality of the student presentations," he said. "This program fosters leadership potential and our involvement is an example of the Business School's commitment to benefit the wider community."

"As mentors, it is very rewarding to be able to speak to younger students about studying at the Business School and encouraging them through our experience," added Thomas.

Team Armstrong, mentored by Abdul Razeed, was declared the overall winner at the competition final held on 23 November 2012.

"The University of Sydney Business School staff and students were fantastic and really helped the boys during Australian Business Week," said David Inches, Director of Vocation and Enterprise at Scots College.