Students in Free Enterprise (SIFE) Win Big
January 23, 2008
The Saint Anselm College Students in Free Enterprise (SIFE) Chapter won third place at the Boston College Duel on the Heights Competition on January 19.
The team, comprised of senior business student Brittany Gorman along with Nick Provost, Meredith Shepard, and Tom Cullen, spent 36 hours preparing and then presenting their case to a panel of judges. Their prize was an award of $1,000 for the Saint Anselm College SIFE Chapter and an impressive trophy.
The SIFE chapter at Saint Anselm College was started over a year ago by Thomas Fitzpatrick, assistant professor of economics and business. The club quickly grew to 20 active members and won the Rookie of the Year award at both the national and regional competitions last year. They also put out a monthly newsletter as an educational tool to keep members informed. SIFE meets every two weeks and has an ongoing list of projects.
One of these upcoming projects is an activity in microlending, an idea that involves granting small loans to those in need, usually entrepreneurs in small and developing nations. They will be hosting a symposium on the subject in March as well as using their recent prize money to invest in microloans. Professor Fitzpatrick is taking the idea even further. In his International Business Management class, students have the option of either reading a book or funding a microloan of $25.
Professor Fitzpatrick hopes that the projects and the SIFE club can “educate students on the importance of free enterprise and its value so that it is not lost…The government can never do as much as a person can do themselves.”
In picture: (L to R) Nick Provost, Tom Cullen, Meredith Shepard, Brittany Gorman, in front of Fulton Hall at Boston College School of Business.