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July 6, 2016
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Students get a taste of the business world
Tyndle Colley (holding the ABW Grand Champions trophy) with her team mates, mentors and Bendigo Bank's Geoff Edwards SOME things just seem to get better with age. Whilst Australian Business Week (ABW) has now been hosted at Noosa District State High for the thirteenth straight year, the appetite for the program hasn’t waned. In fact, it’s more popular than ever. ABW offered Year 11 students the opportunity to acquire some skills necessary to run their very own multi-million dollar company. In the exciting week long intensive program, students made business decisions which had real outcomes. This year students ran a simulated resort, and with the help
of a business and teacher mentor discovered the variety of skills needed to be part of a successful business in the 21st century. Over the week students performed tasks in teams ranging from forming a company, assigning roles and responsibilities in the company and reviewing key business areas. They had to make decisions about price, product, their target market, staffing and training. This year’s 15 teams also developed a marketing strategy and mounted a trade display complete with promotional material and produce a 30 second
commercial featuring their business. Finally, each team prepared a written company report explaining decisions made and the outcomes and the impact on their company’s performance and delivered an oral presentation to an audience of business people, teachers, students and parents. It made for a full week but left each participant with some valuable skills for their careers and the courage to make a difference in their chosen field. This year, the team named Nature’s Hideaway Resort were crowned Grand Champions.
The winning team’s appointed CEO, Tyndle Colley said the ABW experience had not only benefited his team, but all who took part. “We’ve learnt so many valuable lessons this week - how to work together and consider everyone’s opinions. We were thrilled to have been given this opportunity to develop our skills in business management even though most of us haven’t had business studies as a course. We’re especially thankful to our mentors, who gave their time to guide us and advise us,” Tyndle said. Continued on Page 3