Two teams made up of selected Year 9 and 10 students competed in the Illuminate:NextGen Challenge at Deakin University last week. Students were challenged to look at a new opportunity for technology to be implemented in educational organisations such as schools and universities. One team successfully achieved overall first place in the Challenge with their Business Idea whilst the other Whitefriars’ team won ‘Student Choice’ award where the peers evaluated each other work. Overall, a very challenging but successful week for the students. Thank you to all of those who supervised and assisted the students in achieving their best.
Battle of the Brands:
As part of Commerce Week, the Year 7s competed in a ‘Battle of the Brands’ trivia hosted by Sandra Venneri during lunchtime on Wednesday. The room was buzzing with excitement as the students’ knowledge of logos, jingles and slogans were tested. Congratulations to the winning team consisting of Lucas Ficarra, Isaac Lawrenson, Ben Carbone, Matt King, Charlie Cant and James Palumbo.
Unit 2 Business Management Incursion – A Visit from a Young Entrepreneur:
The Year 10 and 11 students currently undertaking Unit 2 Business Management course listened to a young entrepreneur talk about his experiences in establishing his successful business. Nathan Op De Coul established Melbourne Entertainment Company in his late teens and has become a very efficacious entrepreneur. The incursion provided students with an opportunity to apply, question and consolidate their knowledge of the subject.
Year 7 ASX Schools Sharemarket Game
A massive congratulations goes out Sam Van Winckel (Year 7) for his efforts in taking out the Whitefriars trophy at the conclusion of Game 1. Sam managed to generate a resounding profit of $6,678 on his $50,000 investment – a great return of 13% over the limited 10 weeks. Of the 19,000 syndicates in the game, only 51% finished in profit. The all ordinaries went up by less than 1% over the time of the game so Sam did really well to beat the market. Sam’s ability to recognise economic trends in the mining export industry, whilst having the foresight to take advantage of the Telstra Corporation growing share prices, yielded him this considerable success. Sam’s tip for all future players, “You do not have to invest in a multitude of companies, it can be better to invest in a limited amount that you can manage effectively.”
Dylan Wade, Commerce Captain