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A Great Opportunity to
• Learn by doing
• Explore career options
• Discover your talents
The Young Enterprise (YE) Program was introduced to Malaysian secondary schools in 1989
by the American Malaysian Chamber of Commerce to give you an opportunity to learn about
business through hands-on experience.
The YE Program, also known as Program Pengusaha Muda Malaysia is similar to the U.K.
program, which is more than 50 years old, and to Junior Achievement in the United States.
Malaysia is the first country in this region to adopt this program as an extra-curricular activity
for secondary school students.
Only 25 participants called “Achievers,” are selected from each school to form a mini-company.
Over a period of nine months, you will learn how to run a company with the assistance from the
Advisors from your sponsor company.
This program is designed to let you learn how to run a business, and to learn proper business
procedures. You will also be given the privilege of operating a real corporate bank account.
YE will also lead you through the complete life-cycle of a company, from capitalization to
voluntary liquidation.
Young Enterprise student companies often make profits. However, the success of the program
is not judged solely by financial results, but rather in developing teamwork and business skills
as a foundation for future achievements.
MANAGEMENT
ADMINISTRATION
OPERATION
SALES
HUMAN
RESOURCE
FINANCE
MARKETING
1
About AMCHAM
Member companies are active in all sectors of business conducted between Malaysia and
the United States of America including: oil and gas, petrochemicals, electronics and other
manufacturing, information technology services, infrastructure development, transportation,
and financial and other services. AMCHAM is affiliated with the Asia Pacific Council of American
Chambers of Commerce (APCAC) and with the U.S. Chamber of Commerce.
Objectives
• To promote and develop mutually-prosperous commercial, cultural, and community
relations between U.S., Malaysian and other international businesses and organizations.
• To represent and express members’ viewpoints on trade-related issues to both the U.S.
and Malaysian governments through channels of communication and dialogue.
• To collect, evaluate, and disseminate relevant business and policy information to
members. To educate members through luncheons, seminars and publications.
• To support Malaysian initiatives through community service programs, including the
Young Enterprise Program and the AMCHAM-MACEE Scholarship.
• To encourage new business development by linking interested parties with established
business and government contacts in Malaysia.
• To provide resources, networking opportunities, and support for the American business
community in Malaysia.
2
Sponsor Acknowledgements
MAEI was formed in 1989 and it is a committee of the American Malaysian Chamber of Commerce
(AMCHAM). MAEI consists of 22 member companies covering both the semiconductor and the
non-semiconductor sectors. Most of MAEI member companies have been doing business in
Malaysia for more than three decades. MAEI aims to enchance committee member-government
relations and to highlight its contribution to the Malaysian economy.
MAEI participates in annual dialogues held by the Ministry of International Trade and Industry
(MITI), Ministry of Finance (MoF), and Malaysia Industrial Development Authority (MIDA). MAEI
has been frequently consulted on issues of concern to the electronics industry, as well as on
matters pertaining to the economic development of Malaysia.
3
Junior Achievement Worldwide
Junior Achievement was founded in 1919 by Theodore Vail, president of American Telephone
& Telegraph; Horace Moses, president of Strathmore Paper Co.; and Senator Murray Crane of
Massachusetts. Its first program, JA Company Program, was offered to high school students
on an after-school basis. In 1975, the organization entered the classroom with the introduction
of Project Business for the middle grades. Over the last 30 years, JA has expanded its activities
and broadened its scope to include in-school and after-school students.
JA Worldwide’s purpose is to inspire and prepare young people to succeed in a global economy.
JA Worldwide reaches 9.3 million students per year in 367,000 classrooms and afterschool
locations. JA programs are taught by volunteers in inner cities, suburbs, and rural areas
throughout the United States of America and in more than 123 countries around the world.
JA Worldwide’s 384,625 classroom volunteers around the world come from all walks of life and
include business people, college students, parents, and retirees. These dedicated individuals
are the backbone of the organization.
4
Sponsors Page
The Penang facility (AMD Export Sdn. Bhd.) founded in 1972 is AMD’s first offshore
manufacturing plant. It’s core business is microprocessor Assembly and Test, with R&D
activities in package development, regional services in Procurement, Software development,
EHS, Security and HR. In 2008 an MSC Malaysia status entity was incorporated. AMD Global
Services Sdn. Bhd. in Penang provides global Accounting and Financial services while the
Cyberjaya office is a global hub for Information Technology services.
5
DELL
Dell listens to customers and delivers innovative technology solutions and services that give
them the power to do more. The company’s broad portfolio of end-to-end IT solutions—
desktops, notebooks, servers, storage, security, networking, mobility solutions, software
and peripherals, cloud applications, data center solutions and IT services—supports millions
of customers in 180 countries around the globe, including 95 percent of global Fortune
500 companies, governments, educators, healthcare organizations, consumers and more
than 10 million small-medium businesses customers. Today, Dell engages
in 2 billion customer conversations each year — on the phone, in person, on
Dell.com and, increasingly, through social media. In Malaysia, Dell has three
facilities supporting regional and global operations for services, IT, finance,
procurement, human resources, marketing and manufacturing, among others.
Website: www.dell.com
6
FEDERAL EXPRESS SERVICES (M) SDN. BHD.
FedEx Express is the world’s largest express transportation company, providing fast and
reliable delivery to more than 220 countries and territories. FedEx Express usesaglobalair-
and-groundnetworkto speed delivery of time-sensitive shipments, by a definite time and date
with a money-back guarantee. FedEx Express handles more than 3.5 million packages daily
and employs over 150,000 employees globally. FedEx Expresshas over
50,000 drop-off locations, 660 aircraft and 46,000motorizedvehiclesinits
Integrated global network.
Website: www.fedex.com.my
FLEXTRONICS INTERNATIONAL
Headquartered in Singapore, Flextronics is a leading Electronics Manufacturing Services
(EMS) provider focused on delivering complete design, engineering and manufacturing
services to automotive, computing, consumer, industrial, infrastructure, medical, clean
tech and mobile OEMs. Flextronics helps customers design, build, ship, and service
electronics products through a network of facilities in 30 countries on four continents. This
global presence provides design and engineering solutions that are combined with core
electronics manufacturing and logistics services, and vertically integrated with components
technologies, to optimize customer operations by lowering costs
and reducing time to market. For more information, please visit
http://www.flextronics.com
7
FREESCALE SEMICONDUCTOR MALAYSIA SDN. BHD.
Freescale Semiconductor is a global leader in the design and manufacture of embedded
semiconductors for the automotive, consumer, industrial and networking markets.
The company is based in Austin, Texas, and has design, research and development,
manufac¬turing or sales operations in more than 20 countries. From microprocessors
and microcon¬trollers to sensors, analog ICs and connectivity – our vital technologies are
the foundation to the innovations that make our world greener, safer, healthier and more
connected. Already, there are more than 18 billion Freesc ale semiconductors at work
all over the planet. You’ll find them embedded all around you: in automobiles, computer
networks, communications infrastructure, office buildings, factories, industrial equipment,
tools, mobile phones, home appliances and consumer products that touch every aspect of
your daily life. Our semiconductor facility in Sungei Way Petaling
Jaya is one of the largest and most sophisticated in the world.
This 20-acre state-of-the-art facility has a total manufacturing floor
space of 260,000 sq. ft.
Website: www.freescale.com
GE (NYSE: GE)
GE (NYSE: GE) works on things that matter. The best people and the best technologies taking
on the toughest challenges. Finding solutions in energy, health and home, transportation and
finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works.
GE’s relationship with Malaysia began in 1975 with a sales and service centre. Today, GE is
present in Malaysia in three major locations as well as several key customer sites, providing
employment for over 1,000 Malaysians. Malaysia is home to all of GE’s significant infrastructure
businesses – energy, oil & gas, aviation, healthcare, lighting and transportation and is delivering
products and solutions to support Malaysia’s local infrastructure.
Investments in Malaysia currently exceed RM1 billion. GE works closely with local infrastructure
providers, supplying equipment and services to Petronas, TNB, KTM and local water
authorities. GE manages an aircraft maintenance, repair and overhaul Center of Excellence
in Subang, serving Malaysia Airlines, Air Asia and more than 30 other Asian
airlines. GE’s Healthcare division supplies private and public hospitals with
the latest diagnostic imaging equipment and healthcare information systems,
while the company’s lighting division supports key stadiums and ports. For
more information, visit GE in Malaysia’s website at www.ge.com/my
8
HGST Technologies Malaysia Sdn. Bhd.
Drawing on the heritage of invention that first introduced the hard disk drive, HGST is a new
type of storage company for a new world where ever-increasing amounts of content are
being generated from cloud services, Internet content providers, social networks, mobile
devices, Big Data and enterprise business transactions.
HGST has an unmatched reputation for product quality and reliability; offering award-
winning enterprise optimization software and a broad portfolio of innovative, high-quality
hard disk and solid state drives that store, manage and protect the world’s data. Our
intelligent storage solutions are trusted by enterprises, Internet companies, consumers and
creative professionals to store and manage their data efficiently and securely.
HGST Technologies Malaysia Sdn. Bhd, Penang (formerly sTec Technology) is a wholly
owned and independently operated subsidiary of Western Digital Corporation, marketing
and selling its leading storage portfolio around the world. HGST continues
to strategically invest in high-growth and emerging technology segments,
attracting and retaining the industry’s best talent, and expanding research
and innovative product development.
Website : www.hgst.com
9
MOTOROLA SOLUTIONS MALAYSIA Sdn. Bhd.
Motorola Solutions is a leading provider of mission-critical communication solutions and
services for enterprise and government customers. Motorola Solutions meets a wide range
of customer needs through its public safety solutions, mobile computing technology,
advanced data capture, integrated command and control communications, WLAN
solutions and advanced services. Established since 1974 in Penang, Motorola Solutions
Malaysia is the ‘Global Center of Excellence’ responsible for the entire manufacturing
value chain activities including Research & Development, sales, distribution and support
for regional and global market for digital two-way radio products and solutions. The R&D
Center, established in 1976, is the first two-way radio design center in Malaysia and a full-
fledged design center for two-way radios in the world. This facility in Penang is a one-stop
radio communication solutions center for Motorola Solutions in Asia Pacific. It is the largest
two-way radio manufacturing facility in the world and one of the few design centers that
provides end-to-end two-way radio communication
solutions.
Website: www.motorolasolutions.com
ON Semiconductor
ON Semiconductor (Nasdaq: ONNN) is a premier supplier of high performance silicon
solutions for energy efficient electronics. The company’s broad portfolio of power and signal
management, logic, discrete and custom devices helps customers efficiently solve their
design challenges in automotive, communications, computing, consumer, industrial, LED
lighting, medical, military/aerospace and power applications. ON Semiconductor operates
a world-class, value-added supply chain and a network of manufacturing facilities, sales
offices and design centers in key markets throughout North America, Europe, and the Asia
Pacific regions.
10
PENANG SEAGATE INDUSTRIES (M) SDN. BHD.
Penang Seagate is a wholly-owned Malaysian subsidiary of Seagate Technology LLC.
Seagate is the leading provider of storage devices. In 2008, we became the first hard drive
manufacturer to ship 1 billion hard drives - with the industry’s broadest product offering.
Our products include 2.5-inch and 3.5-inch hard disk drives, solid state drives and hybrid
drives (which incorporate both rotating media and flash memory) for compute-intensive
enterprise environments that demand high performance, low-power consumption and
proven reliabil¬ity. From our product design to our manufacturing processes, Seagate is
thinking green, committed to developing and maintaining sustainable, responsible practices
in everything we do. Rather than a reactive approach to environmental compliance, Seagate
has created a proactive product development process that integrates environmental care
into the entire lifecycle of our products. The Seagate Penang STPG facility is located at
Bayan Lepas, which is near the sea along the coastal highway.
It is primarily a slider (read-write heads) facility and has emerged
as one of the largest manufacturer of thin film magnetic recording
heads in the world.
Website: http://www.seagate.com
PLEXUS
Plexus is unique within the Electronic Manufacturing Services (EMS) industry with more than
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Website: www.plexus.com
SCHENKER LOGISTICS (M) SDN. BHD.
Schenker Logistics (M) Sdn Bhd was incorporated in Malaysia in 1979 providing only air
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SENSATA TECHNOLOGIES MALAYSIA SDN. BHD.
Sensata Technologies, a successful US-based multinational company, is a world leader11
and early innovator in mission-control sensing, electrical protection, and power manage-
ment solutions. Sensata designs and manufactures highly engineered electromechanical
and electronic sensors and controls. Their devices are customized for applications in the
automotive, commercial and industrial markets. Globally, Sensata manufactures over
SENSATA TECHNOLOGIES MALAYSIA SDN. BHD.
Sensata Technologies, a successful US-based multinational company, is a world leader and
early innovator in mission-control sensing, electrical protection, and power manage¬ment
solutions. Sensata designs and manufactures highly engineered electromechanical and
electronic sensors and controls. Their devices are customized for applications in the
automotive, commercial and industrial markets. Globally, Sensata manufactures over 20,000
different products and hips over one billion units per year. Our manufacturing facility in
Malaysia is one of the Sensata Technologies’ largest production
worldwide. The Sensata Malaysia facility produces sensors used
in the automotive market to improve safety, fuel efficiency and
passenger comfort and to reduce emissions. In Malaysia, we
have a proud tradition of 34 years experience.
Website: www.sensata.com
12
TBWA KUALA LUMPUR
TBWA Worldwide creates Disruptive ideas for global clients, including ABSOLUT, adidas,
Apple, Häagen-Dazs, Mars, McDonald’s, Michelin, Pernod Ricard, Standard Chartered
Bank, Singapore Airlines, SONY Playstation, Tourism Malaysia and VISA. As one of the
fastest-growing networks in the World’sTop-10, TBWA is the World’s 24th Most Innovative
Company in ‘Fast Company’ magazine’s Top 50 list and was also named by both ADWEEK
and Advertising Age as Global Agency of the Year 2008 (also Ad Age’s #3 Agency of the
Decade). Part of the Omnicom Group, TBWA has 267 offices in 77 countries and employs
approximately 12,000 employees worldwide. In Malaysia, TBWA
comprises TBWA-ISC, TEQUILA -MYALO, and Wizard Media
Dynamics, becoming one of the country’s Top 5 after only five
years of operations from 2001 to 2006.
Website: www.tbwamy.com
13
UNIVERSITY SAINS MALAYSIA
The vision of Universiti Sains Malaysia (USM) is transforming higher education for a
sustainable tomorrow. USM was established in 1969 to fulfil the future need of the country
for human capitals trained in science based fields, is a pioneering, transdisciplinary research
intensive university with the mission to empowers future talents and enables the bottom
billions to transform their socio-economic well-being. The university has expanded its roles
since inception, and has also become a well-known university locally and interna¬tionally.
Today, USM offers both undergraduate and graduate courses to about 29,000 local and
foreign students. Currently the university operates at three campuses; the main campus
in the Penang Island offers sciences, pharmacy, industrial technology, and social sciences
courses; Engineering and Aeronautical courses are offered at the Engineering Campus in Sri
Ampangan, Nibong Tebal, Pulau Pinang; and medical, dental and health sciences courses
are offered at the Health Campus, in Kelantan. In 2007, USM
was granted the status of a Research University, and was also
recognized as the Best University in Malaysia. In October 2008,
USM was granted the status of an APEX University by Ministry of
Higher Education, the first in Malaysia.
Website: www.usm.my
14
WD MEDIA (MALAYSIA) SDN. BHD.
WD, a Western Digital company, is a long time innovator and storage industry leader. As
a storage technology pacesetter, the company produces reliable, high performance hard
disk drives and solid state drives. These drives are deployed by OEMs and integrators in
desktop and mobile computers, enterprise computing systems, embedded systems and
consumer electronics applications, as well as by the company in providing its own storage
products. WD’s leading storage devices and systems, networking products, media players
and software solutions empower people around the world
to easily save, store, protect, share and experience their
content on multiple devices. WD was established in 1970
and is headquartered in Irvine, California.
For more information, please visit the company’s
Website: www.wd.com
Western Digital
Western Digital Corp. (NASDAQ: WDC), Irvine, Calif., is a global provider of products and
services that empower people to create, manage, experience and preserve digital content.
Its subsidiaries design and manufacture storage devices, networking equipment and home
entertainment products under the WD®, HGST and G-Technology brands. Western Digital
provides cost-effective solutions for the collection, management, protection and use of
digital information and video and audio content. The company is a pioneer and leading
global maker of hard drives and solid-state drives for internal, external, portable and shared
storage applications.
15
This Guide Is For 2014
This guide is intended as an easy reference for all Achievers and to give you an outline of the
Young Enterprise Program.
Dates of events may change; your Advisors will update you accordingly.
Your Advisors from the sponsor company will meet with you once a week for about two hours,
and will act as your ”consultants.”
16
Who Is An Entrepreneur?
An entrepreneur is a person who organizes and manages a business for profits to his/her
company. A successful entrepreneur is one who balances ambition, customers’ needs, and
his/her resources. Roles may vary within small and large corporations, but all entrepreneurs
have a vision for success. Business people, such as hawkers, shopkeepers, bus operators and
owners of supermarkets, restaurants, and shopping malls, are all successful entrepreneurs.
• Dedicated
• Hardworking
• Responsible
• Understanding
• Team-player
• Patient
17
Setting Up Your Company
Business Purposes and Objectives
1. Select a name for your company. Design a logo.
3. Find out who will be your customers for the products or services you have chosen.
4. Find out if you have competitors for the products or services you have decided on. If you
have competitors, find out what they offer.
5. Design a simple brochure to tell people about your company. (see sample brochure on Page
46)
All employees are paid salaries. A limited company also pays corporation tax at the end of each
year based on its annual net profit.
Business Plan
Your initial plan needs to describe what is necessary to get the business started and requires
answers to questions such as:
• What is the business all about?
• Who will be running the company and how will it be organized?
• What products are to be offered?
• Who will be the customers?
Company life-cycle
(Refer to the Calendar of Events on Page 19)
18
10 Steps To Forming A Young Enterprise Company
Step 1: Selection Of The Board Of Directors
This is a very important step. The group of Achievers should be a good mix of different
personalities. You select your own Board of Directors. Remember that good friends don’t
necessarily do a good job! Your Advisors will guide you.
19
Calendar Of Events 2014
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
22.03.2014 - 13.09.2014 -
School Holiday 30.03.2014 28.05.2014-15.06.2014 21.09.2014 22.11.2014-04.01.2015
YE COMPANY LIFE CYCLE
* Introduction in School x
* Register Company x
* Sell Shares & Start Operations x
* Cease Production x
* Crease Business Operations x
* Liquidation Process x
* Annual General Meeting x
* Achievers’ Showcase x
YE ACHIEVEMENT AWARDS
Announcement of awards x
Closing Date for:
• The Best Product x
• The Best Annual Report x
• The Best Use of ICT x
• The Best Enterprise (Central Region) x
• The Best Achiever (Central Region) x
• The Best Marketing Strategy (Central Region) x
• The Best CSR Project (Central Region)
YE Awards Judging x
FedEx/JA International Trade Challenge x
• JA Company Of The Year Competition x
ACTIVITIES FOR ACHIEVERS
* Achievers’ Orientation x
* Achievers’ Leadership Workshop (Central Region) x
* Achievers’ CSR Reporting Workshop: x
(Central Region)
* Social Innovation Relay x
* FedEx ITC Workshop x
* Achievers’ Stock Market & Trading Workshop x
* Achievers’ Branding & Marketing Workshop: x
(Central Region)
* Achievers’ Finance Workshop: x
Audit/Liquidation/AGM
* Achievers’ Presentation Skills Workshop: x
(Central Region)
* Achievers’ Sales Fair x
FedEx / JA International Regional Trade Challenge x
SUPPORT ACTIVITIES FOR ADVISORS
* Advisors’ Workshop x
You will manage the company until the company is liquidated. In the Young Enterprise
Program, you are appointed to this position by your fellow Achievers. However, you are
also an employee of the company and will earn a salary.
In carrying out your duties, you are not above the conditions of employment, which have
been laid out for all the other directors and employees of the company.
A monthly checklist is included in the Guidebook. Use this checklist as a guide to keep
your Board of Directors stay on track.
We trust that you will take your role seriously and meet the challenges of managing your
company with pride. This program places little emphasis on financial success, but greater
emphasis on the learning experiences of every Achiever. As the “coach” to the team, it is
important that you read the Achievers’ Guidebook. Consult your Advisors when you have
any doubts.
22
The Operations Department
Operations Director
The Person
The Operations Director drives the following four departments:
He/She coordinates work from the design stage to the final product itself.
23
Research & Development Manager
The Person
The R&D Manager works closely with the Marketing Department to turn customers’ needs into
creatively designed products that are easy to manufacture and sell.
2. Designs prototypes of new products which the marketing department will use to conduct
market survey. (A prototype is a model of a product which is being planned for production.
This is just to gauge the demand for the product)
3. The R&D manager also develops the process flow for all products. He draws up the various
steps to make a product which he must discuss with the Production Manager. Sometimes
the steps need to be changed, so that it is possible to make more products in a shorter time.
4. Responsible for making sure the products made are safe to manufacture and use (e.g., the
product does not use toxic or dangerous materials such as gases or glass).
24
Production Manager
The Person
The Production Manager is responsible for the implementation of the process flow, for turning
raw materials into the finished product.
Plans - Plans for the delivery of raw materials to meet the production schedule,
plans the output required to meet customers’ requirements, and plans the
number of people required to meet the production schedule.
Organize - Organize training sessions for the team to acquire necessary skills to
perform all production tasks to meet the quality standards set.
Direct - Directs the production team to perform specific tasks along the process
flow, and meets quality goals within a reasonable cost.
Lead - Leads the team to meet the production schedule and targets while
maintaining the systems of control on the line.
Control - Maintains good discipline and teamwork among the workers. He also
keeps track of all Production Records like raw materials usage, scraps/
rejects,workers attendance, delivery records and labor pay out.
25
Quality Control Manager
The Person
The Quality Control (QC) Manager monitors and maintains the quality of the products made by
the company.
2. Carries out regular quality checks along the production process flow.
3. Ensures that all products conform to quality standards which have been set.
Purchasing Manager
The Person
The Purchasing Manager is responsible for all purchasing matters related to the manufacturing
of a product; these include materials and services.
26
Marketing Director
The Person
The Marketing Director is responsible for the market survey and product promotion.
Sales Director
The Person
The Sales Director ensures that the company’s sales targets are achieved.
27
Sales Director (cont’d)
3. Sets the selling price of the product.
(The cost price of a product is determined by the Finance Director. The Sales Director sets
the selling price.)
5. Collects money for all products sold. Money must be recorded and accounted for before
handing it over to the Finance Director.
“I will not waste time waiting for customers to come; I will go to them!”
28
Human Resources Director
The Person
The Human Resources (HR) Director takes care of all the company’s personnel affairs, including
recruitment, training and staff welfare.
“When dealing with people, remember you are not dealing with creatures of logic but creatures of emotion.”
–Dale Carnegie–
29
Company Secretary
The Person
The Company Secretary is responsible for all record keeping and administrative matters of the
company.
30
Finance Director
The Person
The Finance Director safeguards the company’s assets and funds. He maintains proper
accounting records.
Other Positions
Some of the other positions that an achiever can hold in the YE Company are as follows.
Auditor
1. Conducts the financial audits with the assigned school
2. Prepares the auditor’s report.
ICT Manager
1. Creates website for the YE company.
2. Assist in the charts and graphs for the annual report submission
Safety Officer
1. To make sure all achievers are present at all productions days and ensure the environment /
equipments are safe to use during productions.
2. If an accident occurs during production, seek first aid with the teacher / corporate advisor.
3. Submit accident report form as and when required.
Store Keeper
1. Receives, unpacks and stores the stocks/supplies in a save place.
2. Checks the incoming orders against items listed on requisitions, invoices or other proper
forms for correct counts.
3. Initiates orders and supplies as needed; delivers and picks up supplies and materials to
location as required.
4. Maintains records and makes physical count of stock on hand, and prepares reports as
necessary.
5. Maintains stockroom in clean and orderly manner.
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Company Closure - Audit, Liquidation And AGM
At the end of the Company’s life cycle, prepare for its closure. This is the list of things to do:
• Submit financial statements and all RECORDS and documents to the auditors.
Records include Cash Books, Receipts, Approval Vouchers, Bank Statements,
Payroll, Production and Inventory Records.
Liquidation - What to do ?
Immediately after the LAST day of trading August 31
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Young Enterprise Achievement Awards
I. The Best Product Award
Objective:
To recognize a successful product of a YE Company. The product must be one that is made by
the YE Company. This is the product that sustained the company’s business.
Eligibility:
All companies registered with the Young Enterprise Secretariat in Malaysia are eligible to
participate in this award.
Entry requirements:
The number of product entries is limited to ONE for each company. The entry must be submitted
with the entry form, the product and the product write up describing the manufacturing process
and the planning of the product. The write-up should not exceed 12 pages, including the front
and back covers. Each entry must be endorsed by the Teacher and Corporate Advisor.
Objective:
To recognize and encourage the highest standards in the presentation of financial and other
corporate information to shareholders, who may have an interest in the performance and
nactivities of the Young Enterprise Companies.
Eligibility:
All companies registered with the Young Enterprise Secretariat in Malaysia are eligible to
participate in this award.
Entry requirements:
The entry must be accompanied with the prescribed entry form. Please submit one copy of the
annual report ending August 31 of the current year. The annual report should not exceed 30
pages, including front and back covers. Please print on single side of the sheet, use A4 paper
and allow a margin of at least one inch all a round. The entry must be endorsed by the Teacher
and Corporate Advisor.
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III. The Best Achiever Award ( *central region only )
Objective:
To recognize and motivate achievers to participate actively in the Young Enterprise and to strive
for excellence.
Eligibility:
All Achievers are eligible to participate. One Achiever will be chosen from each school.
Objective:
The Best Use of ICT award recognizes a team of Young Achievers who have applied information
communications technology tools effectively and creatively in the development of their products
as well as in their promotional and marketing efforts.
Eligibility:
All companies registered with the Young Enterprise Secretariat in Malaysia are eligible to
participate in the award.
Entry Requirements:
Please ensure that each team’s nomination is accompanied by a summary of ICT usage (not
exceeding 2 pages) and supporting materials to be submitted in softcopy, either in CD or
diskette.
Any part of the report commissioned to any outsider (including Advisors) will be disqualified.
Entries that do not conform with the entry requirements will be disqualified.
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V. The Best Enterprise Award ( *central region only )
Objective:
The Best Enterprise Award recognizes the best overall performance of a YE company. The term
“Best Enterprise” is defined as a YE company championed by a capable leader who is able to
maximize the potential of each of the team members; a company whose team members are
dedicated; loyal, supportive of each other and most importantly; a YE company whose team
members have learned the most from this innovative program.
Eligibility:
All winners of the Best Annual Report and the Best Product Award will automatically qualify for
this award.
Eligibility:
All companies registered with the AMCHAM are eligible to participate in this award.
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VII. The Best CSR Project Award ( *central region only )
Objective:
This award is to recognize the participating team of Young Achievers’ conscious effort to ensure
that social responsibility becomes part of their YE Company culture and covers the operational
activities, innovative products, services and projects & programs that the YE Company has
embarked and implemented in the current year.
Eligibility:
All companies registered with the AMCHAM are eligible to participate in this award.
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Junior Achievement’s (JA) Programs
I. Express/Junior Achievement International Trade Challenge
The ITC is a competition on Market Entry Strategy. To prepare for the Market Entry Strategy,
students are required to research and synthesize detailed information related to a specific
country to gain a greater understanding of international trade. The exercise stresses the
elements of teamwork, competition, marketing, promotion and innovation, and it requires the
students to develop a clearly written international marketing plan for a specific country that
includes:
Eligibililty :
The challenge is open to YE achievers who attends the one day workshop on ITC. Students will
have to complete and submit their Market Entry Strategy Plan. The ITC competition requires
student (two per team) entrants to create a comprehensive Market Entry Strategy plan and
develop a well-written proposal for judging by local Experts/volunteers. Each team must submit
their Market Entry Strategy Plan with a maximum of 2000 words.
The JA Student Company of the Year competition is not simply a business competition for
young people. The goal is to balance the business achievements of each team as a whole with
the personal development of each individual member.
Therefore, for a team to win this award, it is not sufficient just to run a financially successful
JA Company (YE Company) or to have created an exciting product or service. JA Company
members also must demonstrate that they understand how and why the company performed
as it did.
Judges will be looking for evidence of innovation and the application of new ideas in all aspects
of running the company. They also will look for an understanding that continuous improvement
through innovation is essential to the success of a business.
Eligibility :
The Best YE Enterprise company will automatically qualify to participate in this competition. A
maximum of five students are allowed to represent their YE company for this challenge.
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Points To Remember
Safety At All Times
Observe safety procedures during production.
Ensure every product is of quality and safe for the customers’ use.
Academic Achievements
You need to balance your studies and YE activities. If you do poorly in your studies, you should
consider quitting from the YE program.
Restrictions:
• Do not exceed the authorized capital of RM800.
• Do not sell shares after the second month of operation.
• Do not manufacture food or food products.
• It is wrong to copy - do not use copyright designs, pictures, names, your products (e.g.,
picture of Garfield, Ujang, Snoopy, etc.)
• Stop all business operations on August 31
Payments
Be a responsible business person, and make your payments on time. Such as registration fee
of your company, cost of the guidebooks, fees for seminars, YE Sales booth, corporate tax.
• The registration fee is RM10, and the guidebooks are RM20.
• The total cost for your workshops is RM20.
• YE Sales booth rental, RM20.
• The corporation tax is 5% of your net profit, or a maximum of RM25,whichever is lower.
The corporation tax should be sent with the Annual Report.
Central Region:
All payments related to the Young Enterprise Program must be paid by cheque to “American
Malaysian Chamber of Commerce.”
Northern Region:
Cheques should be made out to “Young Enterprise Secretariat Penang” and sent to the Penang
Secretariat.
Learn To Avoid:
• taking on business which may stretch your resources to the limit
• depending on your Advisors too much for your day-to-day operations
• depending too much on one major customer for business
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Monthly Check List
JANUARY
ACTIVITIES STATUS
Advisors,Teachers and students meet
Recruitment of Achievers
• Election of Board of Directors
• Formulate objectives / plans
• Develop the company brochure
• YE Company Registration
• Achievers’Orientation Program
FEBRUARY
ACTIVITIES STATUS
Review the past month’s activities
Sell shares / capitalization
Make YE Co. rubber stamp
Start recordkeeping
MARCH
ACTIVITIES STATUS
Review the past month’s activities
Discuss possible products
Build prototype(s)
Conduct Market Survey
• Discuss Manufacturing Plan
• Salaries and Commission
• Pricing
• Marketing Plan
• Quality standards/criteria
• Draw up plans for production sessions
APRIL
ACTIVITIES STATUS
Review the past month’s activities
Production sessions
Decide on product shelf life
New product development
Check recordkeeping
Announcement of the YE Achievement Awards
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Monthly Check List (cont’d)
MAY
ACTIVITIES STATUS
Production continues
Check if company’s records are up-to-date
FedEX/JA International Trade Challenge
JUNE
ACTIVITIES STATUS
Production continues
Check the inventory records!
Check cash situation - bank and cash at hand
JULY
ACTIVITIES STATUS
Production continues
Get one new product done
Check on how records are kept
AUGUST
ACTIVITIES STATUS
YE Sales at mall
Cease all business operations on Aug 31
Prepare for YEA Awards
Final accounts are drawn up
Achievers’ Liquidation/Audit Workshop
FedEX/JA International Regional Trade Challenge
SEPTEMBER
ACTIVITIES STATUS
Select your Best Achiever
Achievers audit exercise
Send in YE Achievement Award s
OCTOBER
ACTIVITIES STATUS
Annual General Meeting (AGM)
Achievers’ Showcase
NOVEMBER
ACTIVITIES STATUS
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Appendix
How To Conduct Effective Meetings
Purpose Of Meetings
• To exchange information
• To generate ideas
• To ensure understanding of members of issues or situations
Preparations - all must come prepared! (Think through, plan, and do your homework.)
• Meeting chairman – be ready to facilitate, always keep the group in focus, be firm, and
handle heated arguments appropriately.
• Meeting participants – be ready to contribute to discussions, do not argue – discuss!
Be attentive, and avoid small group discussions. Also pose relevant questions to the
entire group.
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How To Conduct Effective Meetings (cont’d)
2. Clarify Details
• Review background – provide whatever information available about each topic. It is
OK if not all information is available. Team members can contribute.
• Ask for additional information and bring up relevant issues.
• Summarize – provide an overview of what has been covered.
4. Agree On Actions
• Ask for alternatives – choose preferred alternatives.
• Decide who will do what by when.
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How To Conduct Effective Meetings (cont’d)
During
• Arrive punctually
• Keep to agenda items and timing
• Avoid side conversations or discussions
• Participate
• Listen
• Be open and encourage ideas
• Be willing to reach a consensus
• Take short breaks (five minutes) if the team cannot reach a consensus
• Provide constructive feedback to ideas
• Remember that all members are equal during the meeting
• Speak up if you disagree
• Chairperson to summarize -not longer than five minutes
• Evaluate meeting
• Finish punctually
After
• Arrange the meeting room back to its original condition (neat & tidy)
• Return whatever items to where they belong (especially if borrowed from other rooms)
• Distribute minutes within three days
• Keep to commitments made during the meeting
• Avoid negative remarks after the meeting
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This page may form an Attachment to the Letter of Employment. Make photocopies and attach
this to all the employment letters. Remember to fill in the blanks!)
1. Work days : .................................................. (day of the week ). Two hours each meeting.
3. Time : ..................................................
6. Discipline:
a. Habitual absence without leave, absence without leave for more than two consecutive
meetings, habitual late attendance, and leaving the workplace repeatedly during working
hours without permission.
b. Habitual or substantial negligence of duties. Failure to observe safety rules and regulations.
c. Repeated failure to meet established standards of production, and failure to keep true and
proper records such as attendance, financial, production, inventory, and sales records.
d. Disorderly behavior alone, or in combination with threats to assault another person, including
an employee of the company.
e. Thefts, frauds, dishonest practices, including attempted thefts, attempted fraud, or
attempted dishonesty in connection with the company’s business or property.
f. Willful damage to, or loss of company’s goods or property, or that of the customer.
g. Disclosing confidential information to competitors.
h. Participating in unauthorized financial transactions.
7. Disciplinary Actions
The Company will take disciplinary action against any employee in the event of misconduct,
inefficiency or indisciplines as mentioned in #6. Any such action shall be confirmed in writing.
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Salary Structure In A Young Enterprise Company
In this program, the Board meeting days will be considered as working days, and the monthly
salary will be calculated based on this. Production work is usually held on the same day as the
Board meeting. However, if you have to organize additional production days, it is entirely up to
you to decide how much extra should be paid as incentive.
The salary paid to each employee is based on his or her job scope, and the responsibility that
he/she holds.
The salary of the Board of Directors and all employees will be paid monthly. Production workers
are paid either on a daily basis, or by their output.
Monthly-paid Employees
Group C p. piece
Production Workers RM0.20
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Sample Of A Company Brochure
Suggestion: Keep it to one page. Here are some key points you can include.
BAGUS ENTERPRISE
c/o SM Maju Jaya
15 Jalan Keretapi, 50000 Kuala Lumpur
Tel : 3435422
Profile
Bagus Enterprise was established on 12 Feb. 20XX, to make and market musical greeting
cards for all occasions.
The Directors of the company are members of SM Maju Jaya. They have a wide range of
skills applicable to developing a profitable business under the guidance of our sponsor
company Syarikat Kayaraya Sdn. Bhd.
The Board of Directors are as follows:
1.
2.
3.
4.............etc
What Do We Offer ?
1) “Musical” greeting cards made from all natural materials
2) Potted plants from our nursery
3) Personalized T-shirt and pants set
The Directors are pleased to offer 300 units of shares to investors at RM2 per unit.
This is an opportunity to invest in a company which products are unique, affordable and
recyclable.
When the company liquidates in October this year, shareholders will be paid a dividend
adequate to equitably disburse all profits of the company.
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Sample Of An Auditors’ Report
This Auditors Report was given to Alpha & Omega Enterprise by SM Bukit Bintang, who acted
as the auditor.
We have audited the account of Alpha & Omega for the financial year ended August 31, 2002.
The preparation of the financial statements is the responsibility of the company’s directors. Our
responsibility is to express an opinion on the financial statements based on our audit.
We find that the financial statements give a fair and true representation of the company’s assets
and liabilities in accordance with the information supplied by the directors. We are satisfied that
the financial statements contain appropriate and proper information and explanations required.
Juliana Chan
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Glossary
The explanations given here will help you understand the Young Enterprise Program.
ANNUAL GENERAL MEETING A meeting held once a year with your shareholders.
The Board of Directors will give the company’s report to
the shareholders.
AUTHORIZED SIGNATORIES These are the Directors and Teacher who have been
nominated to sign your bank cheques.
COMPANY LIFE CYCLE The beginning and end of a company. You begin by finding
the money to start your business. You end the company
when you close it at the end of the YE Program.
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Glossary (cont’d)
BAGUS ENTERPRISE
c/o SM Maju Jaya
......................................
.
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