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ACU students advance to nationals in free enterprise competition

For immediate release
April 29, 2005

Members of Abilene Christian University's Students in Free Enterprise, a part of the College of Business Administration, won regional competition and will be competing in nationals in Kansas City May 22-24.

"This win is great for a team that has only been around three years," said Tyler Cosgrove, junior finance major from Amarillo, chief executive officer and founder of ACU's SIFE team. "This shows that our college of business produces not only some of the brightest and best but those who wish to share their knowledge of the free enterprise system through creative means."

In ACU's regional league, two winners were selected - ACU and Hardin-Simmons University. Other teams that competed included: Le Tourneau University, Southern Methodist University, and Langston University. Teams were judged on projects they developed and implemented throughout the year, focusing on teaching free enterprise principles in the community. The judging focused on four criteria – ethics, financial skills, globalization, and entrepreneurship.

"One of the outstanding features of the competition is the number of companies represented by the judges and the attendance of company representatives targeting our students for recruiting opportunities," said Dr. Philip Vardiman, SIFE sponsor and Assistant Professor of Management. "Our students have the opportunity to interview with these companies for full-time positions and internships."

Twenty-five students are involved in ACU's SIFE chapter, and eight competed on the team at regional competition. SIFE faculty representatives are Vardiman and Dr. Ian Shepherd, Assistant Professor of Economics. The projects SIFE coordinated this year include Enterprise City, Tiffany Hamilton Run, an etiquette dinner, and the fashion show.

ACU received $1500 for their overall win and $200 for first place in the individual ethics competition.

Internationally, the SIFE competition includes teams of business students from 1,800 colleges and universities in more than 40 counties. Last year, in 2004, a total $1,000,000 was awarded to winning schools.

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