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Simon Fraser
University
About Us
Gavin Norquay
Maria Sandjaja
Ivy So
Anoop Aulakh
Ashish Gurung & Andrew Kumar
Simon Fraser
University
Simon Fraser
      SFU Burnaby Center
          Harbour
          Surrey
History



    1991          2005          2006


  established    ceased      the comeback
                operations        story
Growth


  150.0
                                         17%

  112.5
                                               10%
   75.0

   37.5
                               73%

     0
          2006   2007   2008


                                Executives
   Membership Growth            Project Managers
                                Associates
Projects
Today




1. Market Economics   2.Success Skills   3. Entrepreneurship   4. Financial Literacy   5. Ethics 6. Sustainability
Financial
Literacy Week
FLW: Vision




 “           The workshops helped me organize my
             personal finances. I highly encourage the
             continuation of this program.”  David Li
                                                                                   Student, SFU




1. Market Economics   2.Success Skills   3. Entrepreneurship   4. Financial Literacy   5. Ethics 6. Sustainability
FLW: Problems

                        2000                        2008




                                                                                        student
                                                                                        expenses
                                                                                        increasing


              Tuition                Housing                   Food


1. Market Economics   2.Success Skills   3. Entrepreneurship    4. Financial Literacy    5. Ethics 6. Sustainability
FLW: Solutions


         Twice a year                                          Business Contract Issues
                                                               Financing Issues
        Series of seminars in
                                                               Real Estate
         a week
                                                               Passive Income
      Featuring industry
                                                               New Venture Finance
       professionals



1. Market Economics   2.Success Skills   3. Entrepreneurship   4. Financial Literacy   5. Ethics 6. Sustainability
FLW: Results




1. Market Economics   2.Success Skills   3. Entrepreneurship   4. Financial Literacy   5. Ethics 6. Sustainability
FLW: Results

                                                                               SIFE
                      Students
                                                                     15 members
            Started Portfolios

                                                                     250 volunteer hours
                Manage Debt

                 Career in Fin

               New Ventures


1. Market Economics   2.Success Skills   3. Entrepreneurship   4. Financial Literacy   5. Ethics 6. Sustainability
FLW: Outlook




1. Market Economics   2.Success Skills   3. Entrepreneurship   4. Financial Literacy   5. Ethics 6. Sustainability
FLW: Criteria

                                                                                                       ✔
Market Economics
                                                                                                       ✔
Success Skills
                                                                                                       ✔
Entrepreneurship
                                                                                                       ✔
Financial Literacy
                                                                                                       ✔
Ethics
                                                                                                       ✔
Sustainability

1. Market Economics   2.Success Skills   3. Entrepreneurship   4. Financial Literacy   5. Ethics 6. Sustainability
Learning
Important
Fundamentals in
Ethics
LIFE: Vision




       “              I have learned how to
                      make ethical decisions.”
                                                                                       QE - Student




1. Market Economics   2.Success Skills   3. Entrepreneurship   4. Financial Literacy    5. Ethics 6. Sustainability
LIFE: Problems


                                  Ethics education

           No classes in Secondary Education

           53% students don’t attend post-sec

           Third year exposure


1. Market Economics   2.Success Skills   3. Entrepreneurship   4. Financial Literacy   5. Ethics 6. Sustainability
LIFE: Solutions


                                                                                       Workshop

                                                                                  Case Study

                                                                                   Discussion

                                                                               Cross Cultural
                                                                                  Activity



1. Market Economics   2.Success Skills   3. Entrepreneurship   4. Financial Literacy    5. Ethics 6. Sustainability
LIFE: Results



                           88% increase in IB strategies




            94% increase in Ethical Awareness



1. Market Economics   2.Success Skills   3. Entrepreneurship   4. Financial Literacy   5. Ethics 6. Sustainability
LIFE: Outlook




1. Market Economics   2.Success Skills   3. Entrepreneurship   4. Financial Literacy   5. Ethics 6. Sustainability
LIFE: Criteria

Market Economics
                                                                                                       ✔
Success Skills
Entrepreneurship
Financial Literacy
                                                                                                       ✔
Ethics
                                                                                                       ✔
Sustainability

1. Market Economics   2.Success Skills   3. Entrepreneurship   4. Financial Literacy   5. Ethics 6. Sustainability
Wii   Whalley
      Improvement
      Initiative
Whalley




          Suburb of Surrey

          High crime rate

          Poor conditions
Wii: Opportunity




13.6%              Population Increase
Wii: Problems


    Issues      Programs
                           - Hands on
                           experience

   Marketing               - New clients
                           each semester
   Employee
                           - Sustainable
  Recruitment              improvement
  & Retention
ACE Marketing
Group
AMG: Vision




“         Having SIFE SFU Students work with
          us on our marketing strategy brought a
          fresh perspective to our project.”
                                                                           Bonny Burnside
                                                                           Whalley Community Association




1. Market Economics   2.Success Skills   3. Entrepreneurship   4. Financial Literacy   5. Ethics 6. Sustainability
AMG: History



              2001                               Issues                                2008

                                            Developing
      Last year of
                                              area &                              New start
        market
                                             Location



1. Market Economics   2.Success Skills   3. Entrepreneurship   4. Financial Literacy   5. Ethics 6. Sustainability
AMG: Problems



                  Promotions                                   Limited Budget



                                                                No Previous
                  Small Team
                                                                  Market



1. Market Economics   2.Success Skills   3. Entrepreneurship   4. Financial Literacy   5. Ethics 6. Sustainability
AMG: Solutions




1. Market Economics   2.Success Skills   3. Entrepreneurship   4. Financial Literacy   5. Ethics 6. Sustainability
AMG: Results

 June 4th Opening

  400 visitors/day

   80 hours effort




1. Market Economics   2.Success Skills   3. Entrepreneurship   4. Financial Literacy   5. Ethics 6. Sustainability
AMG: Outlook




                      Evaluation in June
                      Business Growth


1. Market Economics   2.Success Skills   3. Entrepreneurship   4. Financial Literacy   5. Ethics 6. Sustainability
AMG: Criteria

                                                                                                       ✔
Market Economics
                                                                                                       ✔
Success Skills
                                                                                                       ✔
Entrepreneurship
                                                                                                       ✔
Financial Literacy
                                                                                                       ✔
Ethics
                                                                                                       ✔
Sustainability

1. Market Economics   2.Success Skills   3. Entrepreneurship   4. Financial Literacy   5. Ethics 6. Sustainability
Recruit & Retain
R & R: Vision




“       I have the experience in running a
        business, but with the education that
        [SIFE Simon Fraser] has given me, I can
        now reach new heights in my life.”
                                                                                            Sonia Singh
                                                                                            PhatFixx




1. Market Economics   2.Success Skills   3. Entrepreneurship   4. Financial Literacy   5. Ethics 6. Sustainability
R & R: Problems

                                                                             Sonia Singh
                                                                             PhatFixx

                                                                             Vigour
                                                                 Competitive edge
                                                                           Authority
                                                                           Turnover
                                                                               Trust

1. Market Economics   2.Success Skills   3. Entrepreneurship   4. Financial Literacy   5. Ethics 6. Sustainability
R & R: Solutions


                      Formalized HR Structures
          Recruitment procedures
          Role clarification and job descriptions
          Performance appraisals
          Employee Training
          Compensation and Benefits
1. Market Economics   2.Success Skills   3. Entrepreneurship   4. Financial Literacy   5. Ethics 6. Sustainability
R & R: Results

HR Strategy =
       + respect
       + authority

Empowerment =
     + business dev
     + operations
Incentives =
        + motivation
        + performance

1. Market Economics   2.Success Skills   3. Entrepreneurship   4. Financial Literacy   5. Ethics 6. Sustainability
R & R: Results


                 Retention                                                  Trust

     1 month to 5 months                                       Store remains in
         and going                                                operation

            500% increase


1. Market Economics   2.Success Skills   3. Entrepreneurship   4. Financial Literacy   5. Ethics 6. Sustainability
R & R: Results




    “          SIFE Simon Fraser brought me
               back to business basics by asking
               the right questions.”   Sonia Singh
                                                                              PhatFixx




1. Market Economics   2.Success Skills   3. Entrepreneurship   4. Financial Literacy   5. Ethics 6. Sustainability
R & R: Results

                                                               200,000
       40,000


                                                               150,000
       30,000


                                                               100,000
       20,000


                                                                50,000
       10,000


              0                                                       0
                       Profit Margins                                        Net Present Value


              4x increase                                       150 % increase
                                                                   Before SIFE SFU involvement
                                                                   After SIFE SFU Involvement

1. Market Economics   2.Success Skills   3. Entrepreneurship    4. Financial Literacy   5. Ethics 6. Sustainability
R & R: Outlook




                                                                         Kla-how-eya

                                                                         -HR Structure
                                                                         -Job descriptions
                                                                         -Recruitment

1. Market Economics   2.Success Skills   3. Entrepreneurship   4. Financial Literacy   5. Ethics 6. Sustainability
R & R: Outlook




                                  + CBC Radio 1

                                  + Collaborative Nationwide Consulting


1. Market Economics   2.Success Skills   3. Entrepreneurship   4. Financial Literacy   5. Ethics 6. Sustainability
R & R: Criteria

Market Economics
                                                                                                       ✔
Success Skills
                                                                                                       ✔
Entrepreneurship
Financial Literacy
                                                                                                       ✔
Ethics
                                                                                                       ✔
Sustainability

1. Market Economics   2.Success Skills   3. Entrepreneurship   4. Financial Literacy   5. Ethics 6. Sustainability
Sustainability
Sustainability: Vision




  “   Ingrain sustainability
      in all we do.”     Gavin Norquay
                         SIFE, Simon Fraser
Sustainability: Problems
Sustainability: Solutions
+ ease transition                 + streamline organization



                       +                              +   PMO


Project Overview Statement   Google Hosted Services       Standards Adherence
Status Reports               Online storage center        Problem Solving
Project Closing Form         Versatile Interface
Sustainability: Partnerships

 Downtown Surrey Business Improvement Association


          Whalley Community Association


              Daniel Igali Foundation


            SFU Campus Administration
Summary
Summary
                                                                           FLW         LIFE    AMG        R&R


                                                                                                ✔
                                                                           ✔
Market Economics
                                                                                                ✔
                                                                           ✔           ✔                  ✔
Success Skills
                                                                           ✔                              ✔
                                                                                                ✔
Entrepreneurship
                                                                                                ✔
                                                                           ✔
Financial Literacy
                                                                                                ✔
                                                                           ✔           ✔                  ✔
Ethics
                                                                           ✔           ✔        ✔         ✔
Sustainability

1. Market Economics   2.Success Skills
                      2. Globalization   3. Entrepreneurship   4. Financial Literacy    5. Ethics 6. Sustainability
Empowered

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Sife

  • 2.
  • 8. Ashish Gurung & Andrew Kumar
  • 10. Simon Fraser SFU Burnaby Center Harbour Surrey
  • 11. History 1991 2005 2006 established ceased the comeback operations story
  • 12. Growth 150.0 17% 112.5 10% 75.0 37.5 73% 0 2006 2007 2008 Executives Membership Growth Project Managers Associates
  • 14. Today 1. Market Economics 2.Success Skills 3. Entrepreneurship 4. Financial Literacy 5. Ethics 6. Sustainability
  • 16. FLW: Vision “ The workshops helped me organize my personal finances. I highly encourage the continuation of this program.” David Li Student, SFU 1. Market Economics 2.Success Skills 3. Entrepreneurship 4. Financial Literacy 5. Ethics 6. Sustainability
  • 17. FLW: Problems 2000 2008 student expenses increasing Tuition Housing Food 1. Market Economics 2.Success Skills 3. Entrepreneurship 4. Financial Literacy 5. Ethics 6. Sustainability
  • 18. FLW: Solutions Twice a year Business Contract Issues Financing Issues Series of seminars in Real Estate a week Passive Income Featuring industry New Venture Finance professionals 1. Market Economics 2.Success Skills 3. Entrepreneurship 4. Financial Literacy 5. Ethics 6. Sustainability
  • 19. FLW: Results 1. Market Economics 2.Success Skills 3. Entrepreneurship 4. Financial Literacy 5. Ethics 6. Sustainability
  • 20. FLW: Results SIFE Students 15 members Started Portfolios 250 volunteer hours Manage Debt Career in Fin New Ventures 1. Market Economics 2.Success Skills 3. Entrepreneurship 4. Financial Literacy 5. Ethics 6. Sustainability
  • 21. FLW: Outlook 1. Market Economics 2.Success Skills 3. Entrepreneurship 4. Financial Literacy 5. Ethics 6. Sustainability
  • 22. FLW: Criteria ✔ Market Economics ✔ Success Skills ✔ Entrepreneurship ✔ Financial Literacy ✔ Ethics ✔ Sustainability 1. Market Economics 2.Success Skills 3. Entrepreneurship 4. Financial Literacy 5. Ethics 6. Sustainability
  • 24. LIFE: Vision “ I have learned how to make ethical decisions.” QE - Student 1. Market Economics 2.Success Skills 3. Entrepreneurship 4. Financial Literacy 5. Ethics 6. Sustainability
  • 25. LIFE: Problems Ethics education No classes in Secondary Education 53% students don’t attend post-sec Third year exposure 1. Market Economics 2.Success Skills 3. Entrepreneurship 4. Financial Literacy 5. Ethics 6. Sustainability
  • 26. LIFE: Solutions Workshop Case Study Discussion Cross Cultural Activity 1. Market Economics 2.Success Skills 3. Entrepreneurship 4. Financial Literacy 5. Ethics 6. Sustainability
  • 27. LIFE: Results 88% increase in IB strategies 94% increase in Ethical Awareness 1. Market Economics 2.Success Skills 3. Entrepreneurship 4. Financial Literacy 5. Ethics 6. Sustainability
  • 28. LIFE: Outlook 1. Market Economics 2.Success Skills 3. Entrepreneurship 4. Financial Literacy 5. Ethics 6. Sustainability
  • 29. LIFE: Criteria Market Economics ✔ Success Skills Entrepreneurship Financial Literacy ✔ Ethics ✔ Sustainability 1. Market Economics 2.Success Skills 3. Entrepreneurship 4. Financial Literacy 5. Ethics 6. Sustainability
  • 30. Wii Whalley Improvement Initiative
  • 31. Whalley Suburb of Surrey High crime rate Poor conditions
  • 32. Wii: Opportunity 13.6% Population Increase
  • 33. Wii: Problems Issues Programs - Hands on experience Marketing - New clients each semester Employee - Sustainable Recruitment improvement & Retention
  • 35. AMG: Vision “ Having SIFE SFU Students work with us on our marketing strategy brought a fresh perspective to our project.” Bonny Burnside Whalley Community Association 1. Market Economics 2.Success Skills 3. Entrepreneurship 4. Financial Literacy 5. Ethics 6. Sustainability
  • 36. AMG: History 2001 Issues 2008 Developing Last year of area & New start market Location 1. Market Economics 2.Success Skills 3. Entrepreneurship 4. Financial Literacy 5. Ethics 6. Sustainability
  • 37. AMG: Problems Promotions Limited Budget No Previous Small Team Market 1. Market Economics 2.Success Skills 3. Entrepreneurship 4. Financial Literacy 5. Ethics 6. Sustainability
  • 38. AMG: Solutions 1. Market Economics 2.Success Skills 3. Entrepreneurship 4. Financial Literacy 5. Ethics 6. Sustainability
  • 39. AMG: Results June 4th Opening 400 visitors/day 80 hours effort 1. Market Economics 2.Success Skills 3. Entrepreneurship 4. Financial Literacy 5. Ethics 6. Sustainability
  • 40. AMG: Outlook Evaluation in June Business Growth 1. Market Economics 2.Success Skills 3. Entrepreneurship 4. Financial Literacy 5. Ethics 6. Sustainability
  • 41. AMG: Criteria ✔ Market Economics ✔ Success Skills ✔ Entrepreneurship ✔ Financial Literacy ✔ Ethics ✔ Sustainability 1. Market Economics 2.Success Skills 3. Entrepreneurship 4. Financial Literacy 5. Ethics 6. Sustainability
  • 43. R & R: Vision “ I have the experience in running a business, but with the education that [SIFE Simon Fraser] has given me, I can now reach new heights in my life.” Sonia Singh PhatFixx 1. Market Economics 2.Success Skills 3. Entrepreneurship 4. Financial Literacy 5. Ethics 6. Sustainability
  • 44. R & R: Problems Sonia Singh PhatFixx Vigour Competitive edge Authority Turnover Trust 1. Market Economics 2.Success Skills 3. Entrepreneurship 4. Financial Literacy 5. Ethics 6. Sustainability
  • 45. R & R: Solutions Formalized HR Structures Recruitment procedures Role clarification and job descriptions Performance appraisals Employee Training Compensation and Benefits 1. Market Economics 2.Success Skills 3. Entrepreneurship 4. Financial Literacy 5. Ethics 6. Sustainability
  • 46. R & R: Results HR Strategy = + respect + authority Empowerment = + business dev + operations Incentives = + motivation + performance 1. Market Economics 2.Success Skills 3. Entrepreneurship 4. Financial Literacy 5. Ethics 6. Sustainability
  • 47. R & R: Results Retention Trust 1 month to 5 months Store remains in and going operation 500% increase 1. Market Economics 2.Success Skills 3. Entrepreneurship 4. Financial Literacy 5. Ethics 6. Sustainability
  • 48. R & R: Results “ SIFE Simon Fraser brought me back to business basics by asking the right questions.” Sonia Singh PhatFixx 1. Market Economics 2.Success Skills 3. Entrepreneurship 4. Financial Literacy 5. Ethics 6. Sustainability
  • 49. R & R: Results 200,000 40,000 150,000 30,000 100,000 20,000 50,000 10,000 0 0 Profit Margins Net Present Value 4x increase 150 % increase Before SIFE SFU involvement After SIFE SFU Involvement 1. Market Economics 2.Success Skills 3. Entrepreneurship 4. Financial Literacy 5. Ethics 6. Sustainability
  • 50. R & R: Outlook Kla-how-eya -HR Structure -Job descriptions -Recruitment 1. Market Economics 2.Success Skills 3. Entrepreneurship 4. Financial Literacy 5. Ethics 6. Sustainability
  • 51. R & R: Outlook + CBC Radio 1 + Collaborative Nationwide Consulting 1. Market Economics 2.Success Skills 3. Entrepreneurship 4. Financial Literacy 5. Ethics 6. Sustainability
  • 52. R & R: Criteria Market Economics ✔ Success Skills ✔ Entrepreneurship Financial Literacy ✔ Ethics ✔ Sustainability 1. Market Economics 2.Success Skills 3. Entrepreneurship 4. Financial Literacy 5. Ethics 6. Sustainability
  • 54. Sustainability: Vision “ Ingrain sustainability in all we do.” Gavin Norquay SIFE, Simon Fraser
  • 56. Sustainability: Solutions + ease transition + streamline organization + + PMO Project Overview Statement Google Hosted Services Standards Adherence Status Reports Online storage center Problem Solving Project Closing Form Versatile Interface
  • 57. Sustainability: Partnerships Downtown Surrey Business Improvement Association Whalley Community Association Daniel Igali Foundation SFU Campus Administration
  • 59. Summary FLW LIFE AMG R&R ✔ ✔ Market Economics ✔ ✔ ✔ ✔ Success Skills ✔ ✔ ✔ Entrepreneurship ✔ ✔ Financial Literacy ✔ ✔ ✔ ✔ Ethics ✔ ✔ ✔ ✔ Sustainability 1. Market Economics 2.Success Skills 2. Globalization 3. Entrepreneurship 4. Financial Literacy 5. Ethics 6. Sustainability