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04-08-2004

Clarkson Enterprise Team Wins Fourth Straight Regional Competition - Looks Ahead To Nationals

Clarkson University's Students In Free Enterprise (SIFE) claimed an unprecedented fourth consecutive victory at the Regional Competition and Career Opportunity Fair this week in Hartford, Connecticut. As regional champions, Clarkson will advance to the SIFE USA National Exposition in Kansas City, Kansas, May 23-25, to compete against other regional champions.

Students in Free Enterprise, a national organization with 1,600 U.S. college and university chapters, encourages business students to take what they are learning in the classroom and apply it to real-life situations, using their knowledge to better their communities through educational outreach projects. Competing SIFE teams from New England and New York colleges and universities converged on Hartford to present their 2004 SIFE projects and accomplishments.

The first project was a partnership between eBay, Senator Hillary Rodham Clinton, the St. Lawrence County Chamber of Commerce, and Clarkson University linking 10 local businesses with the Internet to expand their product exposure. The Clarkson students helped business owners adapt to the exciting potential of e-Commerce.

The second project singled out by the judges was a computer simulation that helps young students understand three important dynamics in business: risk, resource and opportunity. The simulation gives budding entrepreneurs challenging decisions to make regarding the future of a lemonade stand; each decision having new implications on the future of the endeavor.

In SIFE competition, teams are judged on how well their projects taught others the principles of free enterprise. Senior Sean Smith; juniors Chris Vacca, Scott Ellsworth, and Dustin Logan; and sophomores Kyle Webb and Karla LaPoint presented Clarkson University's project and conclusions.

Marc Compeau, an instructor in Clarkson's School of Business and Director of Entrepreneurial Programs for the University, serves as advisor for the SIFE team and was named a Sam M. Walton Free Enterprise Fellow in recognition of his leadership and support of the SIFE program at Clarkson. "The projects presented by all of the academic institutions at this year's regional competition was first-rate," remarked Compeau. "We are indeed fortunate to have won again; it is a tribute to the hard work of our team members and how seriously they take this competition."

Clarkson University is a nationally ranked independent technological university in Potsdam, New York, offering majors in engineering, business, arts and sciences, and health sciences. Clarkson's Entrepreneurship Program was ranked as one of the nation's top programs by Entrepreneur magazine. The University's Supply Chain Management program, also part of the School of Business, is ranked sixteenth in the country by U.S. News and World Report. Clarkson students learn in an academically rigorous, collaborative culture that emphasizes hands-on team projects and real-world multidisciplinary challenges. As a result, the University has earned a reputation for developing innovative business and technological leaders.

[News directors and editors: For more information, contact Michael P. Griffin, director of News & Digital Content Services, at 315-268-6716 or mgriffin@clarkson.edu.]

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