Enactus

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Enactus
Formation 1975
Type NGO
Purpose To enable progress through entrepreneurial action.
Headquarters Springfield, Missouri
Region served 36 Countries Worldwide
Membership 66,500
Official language English
President & CEO Alvin Rohrs
Website www.enactus.org

Enactus, known before October 2012 as Students In Free Enterprise (SIFE), is an international non-profit organization dedicated to enabling progress through entrepreneurial action. Enactus provides a platform for university students to collaborate with business and academic leaders in the development of entrepreneurial-based projects that empower people to transform opportunities into real, sustainable progress for themselves and their communities. The quality and impact of the students' projects are evaluated by leading executives through a series of regional, national and global competitions. The Enactus experience not only transforms the lives of the people served, it also transforms the lives of the students who participation as they develop into entrepreneurially-minded, socially-responsible leaders.

History[edit]

Originally SIFE, Enactus (ENtrepreneurship ACTion US) was founded in 1975 to use the entrepreneurial spirit to change people's lives. Since its founding, it has become an international organization with 36 different country operations.[1] In 2012, the name was changed to Enactus to convey the organization's unique nature. [2] The new name is a combination of three words. "En" comes from the word entrepreneurial, representing that Enactus members see opportunity in everyday surroundings. "Act" comes from action, because members show willingness and commitment to see things through. "Us" represents that Enactus is a group of people, connected as a part of a greater whole. Together Enactus is "A community of student, academic and business leaders committed to using power of entrepreneurial action to transform lives and shape a better more sustainable world."[3]

Operating model[edit]

Enactus projects are undertaken by student teams of more than 1,600 university campuses in 36 countries. Enactus offers these 66,500 students the opportunity to develop leadership, teamwork and communication skills through learning, practicing and teaching the principles of free enterprise, in hopes of improving the livelihoods of in the process. Each of our campus programs functions like an independent innovation lab, and rather than mandating a uniform approach, students are challenged to get out of the classroom and work hands-on with the people and communities for which they are helping to develop uniquely tailored solutions. Every team works with a dedicated faculty mentor and business advisory board than help the students achieve the highest level of creativity and excellence in their work..[4]

Competitions[edit]

The quality and impact of the students' projects are then assessed through a series of regional and national competitions, which are judged by leading executives. The top team from every country gets invited to showcase their projects on a global stage at the Enactus World Cup.

This competitive process creates a "best-practice" sharing environment and is aimed at fostering a healthy spirit of competition, which encourages and rewards excellence.

In every country around the world, and at each level of the overall competition, the format, rules and judging criteria remain the same.

Enactus World Cup Champions 1999 - 2014
1999 California State University, Chico
2000 Texas State University
2001 Drury University
2002 La Sierra University
2003 Drury University
2004 Curtin University of Technology
2005 University of Zimbabwe
2006 Shanghai Institute of Foreign Trade
2007 La Sierra University [5]
2008 Memorial University of Newfoundland
2009 French University in Egypt (UFE)
2010 French University in Egypt (UFE)
2011 University of Regensburg
2012 Belmont University
2013 Technical University Munich
2014 North China Electric Power University

Judging criteria[edit]

Central to the competitions are the criteria to which each team is judged. These remain the same throughout the world.:

Which Enactus team most effectively used entrepreneurial action to empower people to improve their livelihoods in an economically, socially and environmentally sustainable way?

List of Participating Countries[edit]

  • Australia
  • Azerbaijan
  • Brazil
  • Canada
  • China
  • Egypt
  • France
  • Germany
  • Ghana
  • Guatemala
  • India
  • Ireland
  • Japan
  • Kazakhstan
  • Kenya
  • Korea
  • Kyrgyzstan
  • Malaysia
  • Mexico
  • Morocco
  • Netherlands
  • Nigeria
  • Philippines
  • Poland
  • Puerto Rico
  • Russia
  • Senegal
  • Singapore
  • South Africa
  • Swaziland
  • Tajikistan
  • Tunisia
  • Ukraine
  • United Kingdom
  • United States
  • Vietnam
  • Zimbabwe

[6]

Partners and donors[edit]

Enactus holds several high-profile partnerships, such as Walmart, Sam's Club, Unilever, KPMG, Dell and Coca-Cola, including many more. Enactus partners include corporations, organizations and individuals' foundations. [1]

Governance[edit]

Enactus is governed by a distinguished group of board members that includes senior leaders from a diverse range of industries and companies that support Enactus.

The Enactus World Headquarters operations are led by a staff of more than 60. In addition to the World Headquarters team, more than 100 other staff manage the day-to-day operations of each Enactus country.

Renaming[edit]

At the Enactus World Cup on 30 September 2012, SIFE announced that it would now be called Enactus. The new name was established to create a clearer brand image and "reaffirm its long-standing commitment to using entrepreneurial action as a catalyst for progress. According to Alvin Rohrs, the Enactus CEO, "There's really nothing else quite like it. . . We needed a name that reflected that uniqueness. Something that captured the entrepreneurial spirit that fuels everything we do." [7]

References[edit]

  1. ^ http://enactus.org/who-we-are/our-story/
  2. ^ http://enactus.org/sife-changes-their-name-to-highlight-a-deep-commitment-to-entrepreneurial-action/#.U9kEVvldVUk
  3. ^ http://enactus.org/who-we-are/our-story/
  4. ^ http://enactus.org/who-we-are/our-story/
  5. ^ https://login.enactus.org/aboutsife/News/Pages/LaSierraUniversityWinsSIFEWorldCup2007.aspx
  6. ^ http://enactus.org/
  7. ^ http://enactus.org/rebranding/sife-changes-their-name-to-highlight-a-deep-commitment-to-entrepreneurial-action/#.UGmEy1n9Gp0

External links[edit]