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annual report inspiring young minds 2011

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table of contents 1 2 3 4 5 6 7 8 9 10 11 12 foreword ­ androulla vassiliou ­ european commissioner year in review message from our chairman and ceo our leadership ja-ye europe board of directors national chairs our network our approach our core programmes we work with students from primary up to university to develop a series of skills to ensure future success of europe s next generation of business leaders closing the gap between business and education our survey of europe s business leaders skills for the 21st century our initiatives and projects give a new perspective to learning-by-doing and help students acquire the necessary skills for an ever more complex competitive and global economy ja-ye alumni europe a network of young entrepreneurs building opportunities at our best highlighting some of the many accomplishments throughout the ja-ye europe network financial statements partners

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foreword androulla vassiliou european commissioner for education culture multilingualism youth and sport the current crisis has taken a toll on our labour markets and young people have been particularly hit many youngsters face great difficulties in moving from education and training into employment and we have seen an important rise in youth unemployment fighting against this situation is a key priority for the european commission and i would like to thank junior achievement ­ young enterprise ja-ye for the help which they give to young people entrepreneurship is a vital competence not only for those who will become entrepreneurs but for all young people whatever their future path in life the dedication of jaye to promoting entrepreneurship education makes a remarkable contribution to help young europeans reach their full potential via creativity a sense of initiative and the capacity to manage a project i therefore congratulate ja-ye on their successful programmes such as enterprise without borders the global enterprise project and the start-up programme their continued ability to mobilise strong networks between education business and community is an inspiring example for all i compliment ja-ye on their great achievements throughout 2011 and i wish you every success for the future yours sincerely androulla vassiliou european commissioner for education culture multilingualism youth and sport year in review message from our chairman and ceo year one has only to think of the thousands of others who also competed in closely fought regional and national competitions across europe years of research and evaluations tell us that we are making a difference increased motivation better education and career choices higher start-up rates more job creation ja-ye europe was established 10 years ago to help build closer links across the network raise awareness among important stakeholders and partner with the five other geographic regions within ja worldwide to develop a truly global network in partnership with the european commission ­ specifically dg education and culture ­ we have seen the take-off of initiatives like enterprise without borders and innovation camps with the help of dg enterprise and dg employment we are promoting employability social enterprise and employee volunteering our private sector partners are persistent innovators with exciting projects like the online social innovation relay the global enterprise project the sci-tech challenge and the social enterprise program we can take satisfaction from a year of enormous achievement but we look forward to another year full of exciting developments we are both proud to be working with so many inspiring people engaged in such an important collective effort our focus as we go forward will be on deeper collaboration impact and effectiveness our part in the global strategy and most important of all working hard to support each of our 36 member nations to achieve their goals michael p bray chairman clifford chance caroline jenner ceo ja-ye europe never has our challenge been more demanding and never has there been a greater need for us to succeed the shift in the balance of economic power from west to east and north to south has destabilised the economies of much of europe and driven the problem of youth unemployment to the top of the agenda in this environment we need to be constantly mindful of the impact we are having and the need to maximise our return on investment in order to help future generations of young people to overcome this challenge hundreds of ja-ye staff manage 86 million hours of activity each year and touch close to 4 million young people a growing army of alumni now in excess of 4,000 contribute as active volunteers 1,000 community and business leaders serve on our boards of directors this year our oldest member organisation the uk turns 50 every year at our competitions we witness truly inspirational displays of entrepreneurism and innovation and we hear young people describe the experience as a life-changing event to get a sense of how far these students have come in one school 1 2011 annual report 2011 annual report 2

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our leadership ja-ye europe board of directors michael bray chairman ja-ye europe middle ralph de la vega chairman ja worldwide right sonja bata honorary member of the board member of the board bata shoe organisation michael p bray chairman clifford chance jean-léopold schuybroek vice chairman executive chairman interel michel de wolf secretary of the board managing partner dgst auditors johan h andresen jr president ceo ferd francesco vanni d archirafi chairman citibank europe plc ferdinando beccalli-falco president and ceo of ge europe north asia ceo ge germany peter cheese human capital consultant jørgen clausen former president ceo danfoss a/s giuseppe de palma vice president eu affairs exxonmobil petroleum chemical b.v.b.a jo deblaere global chief operating officer accenture john grumbar executive chairman egon zehnder international bengt gunnarsson senior advisor bata group guenther juenger director corporate affairs group emea intel christophe leclercq publisher euractiv.com per møller ceo ernst young denmark jan muehlfeit chairman microsoft europe martin spurling chief executive officer hsbc turkey nominee for 2012 mark torfs chief operations officer deloitte belgium nominee for 2012 lars-petter Ørving managing director emea north east manpower as gabriele zedlmayer head of global citizenship activities vp global social innovation office hewlett-packard company epp vodja chair of the board of executives ceo junior achievement estonia caroline jenner ceo ja-ye europe ex-officio 3 2011 annual report 2011 annual report 4

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our leadership national chairs armenia ray reeder business consultant austria dr gerhard wildmoser associate ceo wildmoser/koch partner rechtsanwälte gesmbh belgium flemish yves servotte member of the executive board beneo-group belgium french michel de wolf managing partner dgst auditors macedonia vesna stojanova vice-dean faculty for business and economy malta josef camilleri head public affairs and csr hsbc bank malta plc moldova grigore belostecinic rector academy of economic studies netherlands han de ruiter marketing director aegon bulgaria sasha bezuhanova hp cee public sector director czech republic irena a brichta managing partner brichta partners s.r.o denmark jørgen mads clausen former president and ceo danfoss a/s estonia rein loik ceo tallinn airport norway vibeke hammer madsen ceo virke ­ the federation of norwegian commercial service enterprises poland sonia wdrychowiczhorbatowska vice-president of the board citi handlowy bank portugal joão pedro tavares vice-president accenture portugal romania mihai tudor general manager ibm south east europe finland elmar paananen ceo troll capital ltd france jérôme gervais ceo adecco foundation germany prof dr michael hüther institut der deutschen wirtschaft köln greece christos tsangos technology investor cloudwise s.a russia ac evgeny p velikhov president rna kurchatovsky institute serbia svetlana kisic senior expert economic institute slovakia martin kubala ceo hewlett-packard slovakia spain iñigo churruca bonilla managing director ing commercial banking hungary péter fáth government relations director dunamenti power plant ireland brendan doyle director corporate finance deloitte isle of man jim dale executive chairman cpw insurance limited israel ella galil chairperson sweden erik skog partner sahlgren skog switzerland ruedi noser member of the swiss national parliament ceo noser management ag turkey nevzat Öztangut executive board and the board of directors garanti securities united kingdom ian smith partner andersonbick consultants llp italy stefano scabbio regional managing director italy and iberia manpower latvia aigars rostovskis chairman of the board university of turiba lithuania sarnas skyrius partner gild bankers luxembourg yves elsen managing partner ceo hitec luxembourg s.a 5 2011 annual report 2011 annual report 6

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our network armenia junior achievement armenia armine hovannisian www.jaarmenia.com austria junior enterprise austria michaela tomek www.junior.cc belgium flemish vlaamse jonge ondernemingen peter coenen www.vlajo.org belgium french les jeunes entreprises thierry villers www.lesjeunesentreprises.be bulgaria junior achievement bulgaria milena stoycheva www.jabulgaria.org czech republic junior achievement czech republic josef müller www.jacr.cz germany junior achievement germany marion hüchtermann www.juniorprojekt.de greece junior achievement greece maria laina www.sen.org.gr hungary junior achievement hungary orsolya gergely www.ejam.hu iceland junior achievement iceland gunnar jonatansson www.ungirfrumkvodlar.is ireland junior achievement ireland della clancy www.juniorachievement.ie isle of man junior achievement isle of man sue cook www.jaiom.im luxembourg ja-ye luxembourg serge lucas www.jonk-entrepreneuren.lu macedonia junior achievement macedonia jasmina maneva-galevska www.jamacedonia.org.mk malta young enterprise malta lorna farrugia www.youngenterprise.org.mt moldova junior achievement moldova tatiana ungureanu www.jamoldova.org.md netherlands jong ondernemen arko veefkind www.jongondernemen.nl norway ungt enterprenørskap ja-ye norway anne kathrine slungård www.ue.no poland junior achievement foundation of poland zbigniew modrzewski www.junior.org.pl portugal junior achievement portugal erica nascimento marta viera de sa www.japortugal.org romania junior achievement romania stefania popp www.jaromania.org russia junior achievement russia nina kuznetsova www.ja-russia.ru serbia junior achievement serbia darko radicanin www.ja-serbia.org slovakia junior achievement slovakia marcela havrilova www.jasr.sk spain junior achievement spain lucia de zavala www.fundacionjaes.org sweden ung företagsamhet young enterprise sweden magnus engelbäck www.ungforetagsamhet.se switzerland young enterprise switzerland nicole heim www.y-e.ch turkey junior achievement turkey kerim caliskan www.gencbasari.org denmark young enterprise denmark christian vintergaard www.ye.dk estonia junior achievement estonia epp vodja www.ja.ee finland young enterprise finland virpi utriainen www.nuoriyittajyys.fi france entreprendre pour apprendre isabelle andrieu www.entreprendre-pour-apprendre.fr israel young entrepreneurs israel uri yaloz www.yazamim.org.il italy junior achievement italy miriam cresta www.junioritalia.org latvia junior achievement latvia janis krievans www.jal.lv lithuania junior achievement lithuania eugenijus savicius www.lja.lt united kingdom young enterprise united kingdom michael mercieca www.young-enterprise.org.uk note for the most updated information please refer to our website http www.ja-ye.org 7 2011 annual report 2011 annual report 8

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our approach in partnership with the business and education communities ja-ye europe works to inspire and prepare young people to succeed in a global economy we focus on young people from primary through postsecondary school because we think that this is where the seeds of achievement are sown where young people need encouragement and support while they discover talents test ideas and apply skills we start narrowing the gap between business and education early on by engaging vast numbers of business people directly in the classroom alongside thousands of teachers and millions of students every day we strive to increase the number of more confident enterprising and empowered young people entering the workforce ja-ye europe is the european regional operating centre for ja worldwide® our alumni are 4-5 times more likely to start a business launch startups with higher survival rates our reach bu sin ess 128 ,41 7 lu vo are more employable earn higher salaries 2,0 06 g ,3 rad 01 u ary ate nte ers se co nd 0 ,22 137 rs tea c 2 894 947 2 197 055 1 736 655 2 620 102 3 105 753 3 117 936 3 117 978 889 703 894 608 967 681 pri m 47 8,0 ar 95 y students 2002 9 2003 2004 2005 2006 2007 2008 2009 2010 2011 3,117,978 10 2011 annual report 2011 annual report mi dd 63 3 le ,58 gr 2 a he de s number os students

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11 2011 annual report 2011 annual report 12

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our core programmes primary school our community how does a community work what are the different roles that people play and how do these roles relate to each other all these are questions to which young students find answers with the help of business volunteers during five classroom visits the volunteers perform a series of fun activities with the students to facilitate their understanding and learning about the community in which they live through a voting decision-making activity students discuss what can be done and take on different responsibilities impact 24 european countries 107,854 students 2,833 schools 2,200 business volunteers 13 the our community program is great we like the materials a lot also we enjoyed the excursions to different organisations even to the local municipality student ­ estonia europe and me the programme is new and brings the european dimension into focus with the help of volunteers from the business world students gain knowledge about how businesses operate in europe what sustainability and interdependency are and how the relationship between natural human and capital resources works impact 5 european countries 244 schools 2011 annual report no amount of money could pay for the experience i ve had i will definitely be using my new improved presentation skills in the future preparation is key business volunteer ­ ireland 7,622 students 108 business volunteers 14 2011 annual report

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our core programmes middle school it s my business the programme raises students awareness about entrepreneurs and entrepreneurship students identify the characteristics of an entrepreneur and the types of activities they do the learning process is done through handson activities with the support of business volunteers and a series of online activities economics for success personal finance students education and career options are the three main pillars of the programme by gaining this knowledge they will be more conscious of the choices they need to make the opportunity costs all around them and what they can achieve by staying in school students are guided by business volunteers through carefully crafted activities that seek to develop a range of life skills and to give students a broader perspective about their future 15 the programme made students aware of many new things for example what is the role that resources play in a business also the business volunteer was thrilled that they could present such activities so successfully in a classroom teacher ­ romania 18,727 students 294 business volunteers 2011 annual report it was a privilege to have participated in this project it was undoubtedly both an enriching experience and a demanding challenge i think i was able to express to each of them the role that they as individuals should have in a constantly changing society business volunteer portugal impact 21 european countries 228,985 students 3,418 schools 1,789 volunteers impact 11 european countries 337 schools 2011 annual report 16

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our core programmes secondary school company programme the company programme is just that students set up their own company over the course of one school year students work in teams and share responsibilities they come up with ideas for real products or services do market research raise capital sell and handle the money and accounts throughout the process they work with volunteer mentors from the business world the ja-ye company programme is recognised by the european commission enterprise directorate general as `best practice in entrepreneurship education through participating in the programme student teams have the chance to gain hands-on experience in entrepreneurship they experience the excitement but also the hard work that it requires students teams have the opportunity to participate in numerous regional national and european competitions as part of the programme · · · trade fairs company of the year competitions awards in specific categories impact 37 european countries 223,576 students 6,636 schools 19,282 business volunteers personal skills working in a team communication self-confidence taking initiative problem-solving taking calculated risk leadership business skills basic economics financial literacy developing market research drafting a business plan raising finance sales techniques running a business meeting 18 17 2011 annual report 2011 annual report

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our core programmes secondary school ja-ye europe trade fair the ja-ye europe trade fair was hosted by ja slovakia this year and is a unique opportunity for students participating in the company programme to experience what it really feels like to be an entrepreneur the top student companies from 36 european countries gathered for the event that took place in bratislava organised every year students create stands to display and promote their products to sell them to the general public the european trade fair has been characterized as one of the most exciting and rewarding moments of the year in addition to competing for business student teams also have the opportunity to win a variety of awards students must use teamwork and their organizational and presentation skills to defend their business plan to a panel of judges from the business community impact 36 european countries 50 student companies 18 judges from the business community 50 teachers 19 thanks to these young people it is clear to me that the problem of unemployment cannot be resolved just by digging ditches if young people can compete successfully at events like this and realise how to create a prosperous company then they will certainly be able to create hundreds if not thousands of jobs later on iveta radicová prime minister of the slovak republic awards 2011 best overall company knetter the netherlands a children s soap with a nice crackling effect microsoft most innovative product backbord switzerland collection of designed bags made from recycled sailing materials bata best stand award knetter the netherlands sap best sale award biobookcover austria coloured bookcovers made of biologically degradable ingredients hp responsible business award touchcut denmark electronic touch screen solutions for physically or mentally challenged individuals 2011 annual report 2011 annual report accenture ewb collaboration award physticks austria science software for secondary school students 20

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our core programmes secondary school company of the year competition impact the 22nd ja-ye europe company of the year competition was hosted by ja-ye norway in oslo and it welcomed 34 national champion student companies from around europe ja-ye europe company of the year award is given to the best overall student company student companies that have won their national competitions proceed to this international competition where they are judged by a panel of business people the jury examines each company s approach to communication teamwork problem-solving objectivesetting planning and review administration and financial systems personnel management product development customer focus marketing and sales and financial results apart from the main award the student teams also compete for a range of themed awards that are offered every year with the support of our partners and they are called signature awards 34 european countries 34 student companies 10 judges from the business community awards 2011 company of the year summit enterprise uk summit enterprise created a multifunctional perfume pen for men and women which works both as a pen for work and as a perfume atomiser the students are still running the business and have plans for development signature awards 2011 norwegian tax administration accounting award captura norway youth magazine working with freelance journalists words cannot express our delight and honour to be part of what is such a fantastic competition summit enterprise uk 1st runner up newqreation i/s denmark innovative smartphone application nordea award for the best business idea team newqreation denmark innovative smartphone application 2nd runner up ace slovakia a toothbrush and toothpaste in one 21 2011 annual report 2011 annual report fedex access award backbord switzerland collection of designed bags made from recycled sailing materials 22

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our core programmes post secondary school awards 2011 winner startup of the year flicks portugal state of the art solutions and services for fire detection in a wide variety of environments through a system composed by an array of multispectral sensors signature awards 2011 citi sustainability award atech sb norway bilge-water filtration system that eliminates pollution of the ocean intel innovation award flicks portugal cutting ­edge solutions for fire detection 1st runner up bemee spain a wireless technology that enhances the interaction between a person and its surroundings mastercard best international potential award up the shop finland art and design concepts for pop-up shop 2nd runner up eventriffic romania impact the startup programme targets students aged between 19 and 30 who are at college or university students develop startups related to their area of study and often collaborate with others in different faculties who can offer complementary competences the programme gives students the opportunity to really test what they are learning to work with experts from business and industry to gain entrepreneurial experience in a very supportive environment and to seriously consider becoming an entrepreneur online media monitoring service for event organisers pwc responsible leadership award bemee spain a wireless technology that enhances the interaction between a person and its surroundings 16 european countries 12,454 students 289 schools 1,770 business volunteers at a time of crisis which particularly affects young people it is essential to convey how much your work can help our country because such initiatives are essential to overcoming the difficulties we are experiencing the community of madrid supports all programmes from kindergarten to university this is a key action to make spain a prosperous and prestigious country letizia ortiz rocasolano hrh princess of asturias 23 2011 annual report 2011 annual report 16 24

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closing the gap between business and education ja-ye commissioned freshminds research to investigate the role of business in society and the impact of volunteering and corporate citizenship on developing skills in young people 517 business leaders from around europe completed the survey stating their opinions on attitudes aspirations and actions regarding the role of business in society and the added value of volunteering and community support the majority of businesses feel that the development of entrepreneurial and financial skills is particularly poor in their country at the same time they believe that ja-ye s programmes play a major role in closing the skills gap with 81 of respondents stating that ja-ye programmes make a reasonable difference or make a great difference in equipping young people with the skills they need for the future to what extent do you believe that your country s education system is equipping young people with the right skills for them to enter the workforce · business should play an active role in education · volunteering has equally high value for the development of skills for the future generations society in general as well as respondents organisations and respondents employees considering the target groups who benefit to what extent do you think that business-education partnerships are effective base 517 · 63 of the business people interviewed believe that their country s education system is not equipping young people with the right skills they need to enter the workforce · 54 of the respondents felt that young people were lacking in soft skills such as confidence presentation skills networking motivation drive and teamwork · ja-ye was felt by respondents to primarily develop students soft skills 50 and entrepreneurship skills and acumen 40 · a clear majority 88 indicated that their organisations engage with young people to increase their exposure to enterprise 25 2011 annual report 2011 annual report 26

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