Four companies from the Accountancy, Business and Management (ABM) strand of De La Salle Lipa (DLSL) bagged multiple awards during the Junior Achievement (JA) Company of the Year awarding held at the Philippine Trade Training Center, Feb. 1, 2018.
DLSL established a partnership with the Junior Achievement of the Philippines, Inc. (JAPI) in the implementation of JAPI’s Business Skills Pass (BSP) Program. The BSP Program is a qualification certifying that students (14-16 years old), who have had a real entrepreneurship experience, hold the necessary knowledge, competencies and skills to start a venture of their own or be successfully employed. BSP includes a full-year in-school mini-company experience; an examination of business, economic and financial knowledge; and the possibility to access further opportunities offered by small and large businesses and top higher institutions across the Philippines. At the end of the program, there will be an awarding for Company of the Year from all participating schools.
DLSL’s Grade 12 ABM students started conceptualizing their businesses last school year and started implementing them in the last quarter of 2017. Each of the 29 companies conducted market research of the company’s products up to their production and selling. Upon liquidation last December 2017, each company prepared an annual report highlighting each company’s operations. Such companies then became an entry for the Junior Achievement Company of the Year competition.
After comprehensive evaluation of 40 entries from 40 competing mini companies, DLSL housed four of the top 10 JA mini companies qualified to step onto the next round: the oral presentation and interview. These four mini-companies that made it to the top 10 were CreaTure, The Hatch Co., The Morning Club and The Ringers Co.
Meanwhile, the Outstanding Company Member of the Year is given to a member who shows great passion and knowledge of the company operations. This year, JA identified the top five company members of the year from all competing companies and one of these outstanding company members is Roie Andrae Arayon of the Ringer’s Co.
The Best Corporate Social Responsibility Award goes to companies who are socially responsible and partner with communities to provide them additional source of income. CreaTure, headed by Kenneth Lance Uy, won the Best Corporate Social Responsibility Award of the Year. On the other hand, the Morning Club, led by Ricky Dalisay, placed 1st runner-up, while the Ringer’s Company, headed by Joaquin Carlo Navales, placed 2nd runner-up.
Furthermore, the Vice President Award of the Year is awarded to the best vice president of a specific department from all competing companies. The Hatch Co., led by Allyssa Mercado, gained 4 out 5 Vice President of the Year Awards. Pauline Dela Peña, Jaean Cabatay, Maria Julia Marquez and Niño Angelo Lescano championed VP for Marketing of the Year, VP for Public Relations of the Year, VP for Finance of the Year and VP for Human Resource of the Year, respectively. Moreover, The Hatch Co. was also able to place 1st runner-up for the Annual Report of the Year.
The Company of the Year Award is the final and most prestigious award for the JA Company of the Year competition. The Hatch Co. was able to rank 2nd runner-up in this national competition.
Garnering all these awards, the respective ABM students did experience being entrepreneurs taking calculated risks and reaping success. Running their own mini companies was their initial step towards bigger and greater ones later on.
“Success always comes with a price, it’s your choice how much you’re willing to pay for it.”
-Ricky Dalisay, The Morning Club CEO
“With every tear that fell, we learned how to become better persons. With every sweat that dropped, we realized how to become better entrepreneurs. With every smile that crossed our face despite the difficulties, we recognized the real value of never giving up.”
– Allyssa Mercado, The Hatch Co. CEO