Young Enterprise Sales Fair 2013: Young Entrepreneurs Showcase Their Talents To Climb The Steps To Success
Kuala Lumpur, August 24, 2013 - More than 400 Form 4 students from 14 national secondary schools in the Klang Valley, Selangor, Negeri Sembilan and Melaka gathered at Subang Parade and put their entrepreneurial skills to the test at the 2013 JA YE Achievers’ Sales Fair last Saturday. The fair was organized by The American Malaysian Chamber of Commerce (AMCHAM) and officiated by Y.B. Tuan P. Kamalanathan P. Panchanathan, Deputy Minister of Education. The student sold handmade products designed and produced by their student companies, and a portion of the sales proceeds will go towards charity.
YB Tuan P. Kamalannathan A/L P. Panchanathan commented, “It is great to see how much the YE program has contributed to unearthing unlimited potential and creativity in our students when it comes to doing business. I am confident that the YE program is an effective platform that has inspired many Malaysian youths in terms of wanting to attempt entrepreneurship ventures of their own in the future.”
As part of a nine-month business venture, the Annual Sales Fair aims to provide a safe commercial environment for students to promote and sell their self-made products to the public. It also challenges students to plan and manufacture goods as well as to accept the consequences of success or failure based on their collective decision-making.
First introduced in 1989, the Junior Achievement Young Enterprise (JA/YE) Program is a community education program conducted by AMCHAM. The JA/YE Program is supported by the Ministry of Education and over 30 sponsor companies that provide mentorship and practical opportunities for students to gain an understanding of the role of an entrepreneur.
AMCHAM Vice-President, Datuk Tim Garland said, “By competing for their share of the consumers wallet against other YE companies and retail stores, the Young Enterprise Sales Fair allows an important experience for students to understand the dynamics of business in a real business setting.”
Under the guidance of corporate and teacher advisors, the JA/YE Program provides students with the unique opportunity to manage the full life cycle of a business enterprise through a hands-on experience. Students learn valuable practices such as financial management, budgeting, marketing, product development, pricing and selling, as well as developing skills and insights which will help them progress through the next tiers of their education. Consequently, they also develop research skills, foster team spirit, and develop critical thinking, prioritization and communication skills.
“It was nice to see my students respond positively and demonstrate admirable attributes such as leadership, teamwork and creativity during this program. The students’ enthusiasm during the YE Sales Fair has proven that it is possible for them to have fun and learn essential skills at the same time,” said Puan Subbulatchimie a/p J.C. Ramalu of SMK Subang Utama.
AMCHAM would like to extend its sincere gratitude to all associated sponsors for their financial support and for the support of their staff as advisors and mentors to the students. Special thanks also go out to the management of Subang Parade as venue sponsor for the Sales Fair.
The American Malaysian Chamber of Commerce (AMCHAM) was founded in 1978 as an international, non-profit, private-sector business association. It comprises nearly 800 members representing over 350 American, Malaysian and other international companies. The Chamber is affiliated with the Asia Pacific Council of American Chambers of Commerce (APCAC) and with the U.S. Chamber of Commerce, which is the largest chamber of commerce in the world. AMCHAM conducts the Young Enterprise and other Junior Achievement programs in Malaysia.
JA YOUNG ENTERPRISE
Junior Achievement’s Young Enterprise Program is an innovative, extra-curricular activity for secondary school students who are selected to form a 'mini' company at school. The students, called "Achievers," learn to translate economic theories into real business, and to discover for themselves what enterprise really means. Achievers experience the complete business cycle, from capitalization to voluntary liquidation, gaining an understanding of basic economics and how business works. They are also given the privilege of operating a real corporate bank account through a participating bank.