ANNUAL REPORT 2015-2016
STAR Annual Report 2015 - 2016
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PREFACE Everything comes to an end, thereby also the end of the 38th STAR Board year. One year ago, we started and shortly after, close to 300 active members joined the journey. It has been a journey full of challenges, successes, fun, new friends and plenty of learning experiences. Now that the end of the year has come, it is time to look back at where this journey has brought us. This Annual Report provides you with the quantitative and qualitative results of the year 2015-2016. It illustrates the memorable events, strategic accomplishments and STAR’s financial performance. All these results coming together makes me realize what an impact this journey has made on RSM student life. It demonstrates that nothing is impossible when you are ambitious, dedicated, willing to learn and work as a team. That is what our active members have demonstrated over the year. By turning challenges into opportunities, they have organized impressive events through which they developed themselves professionally and personally. I am truly grateful for their efforts, dedication and positive energy they have given STAR and each other.
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STAR Annual Report 2015 - 2016
Additionally, I would like to thank the supervisory board and verification committee for their continued efforts and contributions to STAR. Your dedication, support and advice have guided us through this year and are very much appreciated. Moreover, the support of and successful collaboration with the Rotterdam School of Management Erasmus University and our main partners have enabled this year’s successes and achievements. I trust that the 39th STAR Board will continue this journey with you and wish them all the best!
Best regards,
Suzanne Bickes Chairman 38th STAR Board
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ABOUT STAR
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STAR Annual Report 2015 - 2016
STAR is the study association of Rotterdam School of Management, Erasmus University (RSM). With 6,500 members, STAR is Europe’s largest study association and above all the most active and professional study association in the Netherlands. STAR’s mission is to enrich RSM student life; from various perspectives, offering students to join events or organize these themselves. Each year, around 300 dedicated active members organize STAR projects that reach thousands of students.
Apart from academic activities like speakers events, case competitions or selling books, STAR also aims to organize social activities, ranging from freshmen introduction days to periodic parties. RSM students can join us on several international trips; the ski trip, surf trip, race of the classics, various international weeks organized all over the world, study trips and a community development project.
STAR provides students with the opportunity to get in contact with their fellow students, their studies and a broad range of companies. This is facilitated by the great amount of activities that are organized by numerous committees and Master Study Clubs.
The best known events are the STAR Management Week, which consists of social, academic and career events; Erasmus Consultancy Project, where students conduct research for companies in an emerging country and the Erasmus Recruitment Days, which is the largest recruitment event of the Benelux organized by students.
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HISTORY In 1969, the ‘Interfaculteit Bedrijfskunde’ (and later on ‘Interuniversitair Instituut Bedrijfskunde’ - IIB) was established, a joint initiative of various faculties of both Erasmus University and Delft University of Technology. In 1977, S.V.I.I.B. (studievereniging IIB) was founded, an association focused on external contacts, internal contacts with scientific staff, and, of course, mutual contacts among business students. The exact meaning of S.V.I.I.B. was lost in 1984, when the faculty of Business Administration became an official part of Erasmus University, and so the name changed to Sviib.
Over the past 38 years, STAR has become an association of influence, diversity, and professionalism. With more than 6,500 members, including 300 active members, we can proclaim to be the largest study association in Europe.
As with the establishment of Rotterdam School of Management (RSM) as we know it today, which led to a more cohesive organisation of BA, IBA, and MBA studies, the aim was to achieve the same cooperation among study associations. Several daughter associations (Dutch: disputen) were established and later on consolidated as Master Study Clubs. More importantly, in early August 2005, Sviib and BActive (association for students of the programme in International Business Administration) merged to become STAR (Study Association of the Rotterdam School of Management), an association with a bit of both worlds and an international focus.
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STAR Annual Report 2013 - 2014
STAR Annual Report 2015 - 2016
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THE 38 STAR BOARD TH
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STAR Annual Report 2015 - 2016
Suzanne Bickes Chairman
Stijn Oude Elferink Secretary
Okke Essing Treasurer
Daniel Bos Commercial Relations Manager
Liselotte Borstlap Brand Manager
Jeroen Bravenboer Project Manager Bachelor
Danique Rook Project Manager Master
Sander Ouwejan Project Manager Career
Joep BeliĂŤn Information Processes Manager
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SUPERVISORY BOARD Atte Anema (Chairman) Albert Pranger Claudia Baijens Remco van der Matten Joël van Gilst Mirna Steur
Bas Louwman Floris Wesselink Marieke Struijk Nikki Bueno De Mesquita
VERIFICATION COMMITTEE Joel van Gilst (Chairman) Ron de Koning Mathew Dibble Laura Hendrickx Sander van Vliet
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OPERATIONS STAR Opening Party Accompanied by a 1000 students the Opening Party at Club Vie was a great success!
BA and IBA Introduction Days 700 freshmen were introduced to their fellow students and STAR.
Eurekaweek After the general introduction of STAR, students were invited to Van Leeuwen to enjoy dinner and drinks.
August
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Recruitment After a very successfull marketing campaign, the recruitment period led to 300 new active members.
Heartbeat Festival In cooperation with the university, the academic year was opened at a festival with e.a. Dotan.
Booksale One of the yearly operations of STAR: always supplying RSM students with the right books.
General Assembly of Members The 38th STAR Board has been officially inaugurated and the policy, financial statement and operations of the 37th STAR Board were reviewed.
September
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OPERATIONS
Active Member Weekend During a fun weekend with lots of activities the active members of 2015-2016 had the opportunity to meet their fellow committee/ MSC members.
IBA and BA Graduation Party Celebration of the new IBA and BA Graduates at Westelijk Handelsterrein!
STAR Management Week Two weeks in which all pillars of STAR were exposed via company visits, company dinners, inhouse days, seminars, conferences and social events with Shell as main sponsor. The week finished with a closing party on a boat.
Constitution Drink All the active members and other associations in the Netherlands had the opportunity to celebrate the inauguration of the 38th STAR Board STAR Christmas Gala After a fancy dinner we partied until dawn at Apartt.
Eurotrip A group of students went on an exiting week to Budapest with the second Eurotrip!
October
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November
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December
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OPERATIONS The Speaker Series Over the year the Speaker Series had several successfull events with among other things the Q500 and a visit to the European Space Agency
Erasmus Recruitment Days The largest on-campus recruiting event in the Benelux with 2500 participating this year in exciting recruitment activities with over a hundred companies. Ski Trip The ski trip was again a very popular trip, with lots of participants and fun!
STAR New Years Reunion Drink
January
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MSC Prom The Master Study Clubs of STAR bundled their strengths and organized an All MSC Gala in Blender
February
STAR Annual Report 2015 - 2016
Excelsior Student Cup The STAR Soccer Teams were represented during the Excelsior Student Cup. The final match was played in the Excelsior stadium. Active Member Day
BA Study Trip This year the BA Study Trip went to Seoul to explore the business and social life of this metropole
Spring Break Edition Over the year the Events committee organizes several drinks and parties, such as the Spring Break edition at Bartender
IBA Study Trip IBA students travelled to Ho Chi Minh City
March
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OPERATIONS Erasmus Charity Run International Week 30 students from all over the world came to Rotterdam to experience The Netherlands. Consultancy Castle The Netherlands best and brightest meet the top consulting firms in a very chique setting.
Sports The Sports Committee organized several events throughout the year such as a Golf Clinic and a visit to a Ice Skating game.
Active Members Day to Antwerp
Theme Nights at Cafe van Leeuwen
Race of the Classics Team RSM participated in the 28th edition of the Race of the Classics with the Hendrika Bartelds Case Competition
April
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May
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OPERATIONS ... and much more! During the year, all committees have worked very hard to set-up activities for all RSM students. Not all activities are mentioned in this yearly report, but photo’s can be found on social media (facebook.com/rsmstar) and more information can be found on our website (www.rsmstar. nl)! MSC Study Trips A lot of Master Study Clubs went on trips all over the world: Silicon Valley (MSC BIM), Jakarta (MSC Innovation), Seoul (MSC Strategy), Marrakech (MSC Management) and much more!
Erasmus Consultancy Project Peru One of STAR’s largest projects leaves for their destination: Colombia
iCare Three weeks of voluntary work in Nepal conducted by RSM students.
Duck Race
Publication STAR Active Members Yearbook
June
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July
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August
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STRATEGY On a yearly basis, STAR develops and executes a policy that is in line with its mission: to enrich RSM students’ life. The 38th STAR Board developed the policy for 2016, thereby considering views of STAR’s main internal and external stakeholders. This year, the policy development process has been critically reviewed, improved and supervised by experienced alumni currently employed at Accenture, McKinsey, and Shell. STAR’s policy is developed within the framework of the association’s Strategic House, consisting of four strategic pillars (Career Start Support, Social activities, Academic Support, and Societal Impact) with objectives. In addition to the four pillars there are three layers supporting the Strategy House, namely: projects, members, and enablers. These layers consist of sixteen initiatives that were identified by the 38th STAR Board and form the focus points of 2016’s strategy execution in order to reach the strategic objectives. None of all this would be possible if it were not for the students who organize the various activities that underpin these pillars and initiatives, STAR’s Active Members. They continuously develop themselves through the organization of activities within their respective committees. Their development is of crucial importance to the association and their work directly and indirectly contributes to achieving the strategic objectives. The annual report captures a high-level overview of 2016’s policy, the defined strategic goals and objectives and the intermediate achievements contributing to reaching these goals and fulfilling STAR’s mission.
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STAR Annual Report 2015 - 2016
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STRATEGY On a yearly basis, STAR develops and executes a policy that is in line with its mission: to enrich RSM students’ life. The 38th STAR Board developed the policy for 2016, thereby considering views of STAR’s main internal and external stakeholders. This year, the policy development process has been critically reviewed, improved and supervised by experienced alumni currently employed at Accenture, McKinsey, and Shell. STAR’s policy is developed within the framework of the association’s Strategic House, consisting of four strategic pillars (Career Start Support, Social activities, Academic Support, and Societal Impact) with objectives. In addition to the four pillars there are three layers supporting the Strategy House, namely: projects, members, and enablers. These layers consist of sixteen initiatives that were identified by the 38th STAR Board and form the focus points of 2016’s strategy execution in order to reach the strategic objectives. None of all this would be possible if it were not for the students who organize the various activities that underpin these pillars and initiatives, STAR’s Active Members. They continuously develop themselves through the organization of activities within their respective committees. Their development is of crucial importance to the association and their work directly and indirectly contributes to achieving the strategic objectives. The annual report captures a high-level overview of 2016’s policy, the defined strategic goals and objectives and the intermediate achievements contributing to reaching these goals and fulfilling STAR’s mission.
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THANKS TO All our Active Members who where part of the following committees: Activity Team AM, Activity Team BA, Activity Team IBA, BA Introduction Days, BA Study Trip, Booksale Committee, Case Competition, Commercial Team, Consultancy Castle, Erasmus Consultancy Project, Erasmus Recruitment Platform, Erasmus Recruitment Days, Eurekaweek, Eurotrip, Events Committee, IBA Freshmen Weekend, IBA Study Trip, iCare, International Week, Marketing Team, MSC Business Information Management, MSC BIM Eurotrip, MSC Bim Study Trip, MSC Financial Management, MSC FM Study Trip, MSC Global Business and Sustainability, MSC GBS Study Trip, MSC Human Resource Management, MSC HRM & OCC Study Trip, MSC Innovation Management, MSC Innovation Study Trip, MSC Master in Management, MSC Management Study Trip, MSC Marketing Management, MSC Marketing Study Trip, MSC Organisational Change and Consulting, MSC Strategic Entrepreneurship, MSC Entrepreneurship Study Trip, MSC Strategic Management, MSC Strategy Study Trip, MSC Supply Chain Management, MSC SCM Study Trip, Premaster Committee, Race of the Classics, Reach Out, RSM STAR Case Society, Ski Trip, Speakers Series, Sports Committee, STAR Management Week, Support Team and Surftrip. 26
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FINANCIAL STATEMENT Balance sheet as at 31 July 2016
Tangible fixed assets
31-07-2016
Furniture Computers and peripheral devices
€11.398
€6.574
€8.873 €2.010
Software and licences
€41.747
€23.742
Total
€63.807
€46.023
Accounts receivable
31-07-2016
31-07-2015
3.040
386
Other receivables
€238.732
€152.791
Total
€241.772
€153.177
Provision Bad Debts
STAR Annual Report 2015 - 2016
€ 15.113 €373
Marketing items
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31-07-2015
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FINANCIAL STATEMENT Income statement for the year 2016 For the year ended 31 July 2016 Net income Equity
31-07-2016
€423.252
General reserves
€90.517
€91.617
Exploitation surplus/deficit
€27.729
19.340
Contribution students
€400.440
€401.844
Acquisition revenues
€364.656
€456.129
Contribution faculty
€66.818
€54.738
€259.765
€419.900
€ 7.176
€ 2.756
€1.098.855
€1.335.367
Sales books Contribution other
€560.851
Total
31-07-2016
Provisions Current liabilities
€534.210
31-07-2015
€3.040
€4.386
€71.745
€135.454
Costs of organising projects
31-07-2016
€45.625
€356.910
€341.178
€71.248
€65.565
€194.425
€192.572
€89.134
€88.631
Costs books
€254.819
€415.828
Other costs
€4.779
€7.543
€999.726
€1.156.942
Project costs Traveling costs Recruitment and marketing costs
STAR Annual Report 2015 - 2016
31-07-2015
€28.411
Overhead costs Day programme costs
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31-07-2015
31-07-2015
€442.605
Retained Earnings
31-07-2016
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FINANCIAL STATEMENT General and administrative expenses
31-07-2016
31-07-2015
Employees The association has no employees. All work is performed on a voluntary basis. Exploitation surplus The association has no objective to have an exploitation surplus. However the Association will use this exploitation surplus to improve its liquidity, which means a possible exploitation surplus is added to the retained earnings.
Office supplies costs
€18.227
€21.895
Usage and depreciation
€22.640
€31.233
Project costs
€52.139
€68.300
€2.650
€1988
€70.576
€71.308
€2.720
€5.268
€13.369
€21.695
(€28.385)
(€42.122)
Audit obligation Under section 396 (6) Book 2 of the Netherlands Civil Code, the association is exempt from the obligation to have the financial statements audited by an auditor. Consequently, no audit has been requested and therefore no auditor’s report has been issued.
€153.936
€221.416
Rotterdam, September 14, 2016
Travelling costs Board costs Marketing costs Other costs Allocated overhead charges
Other information
On behalf of the Board, Other income
31-07-2016 €1.572
€3.701
Result joined events
€73.544
€33.549
Result liabilities
€17.170
€26.717
(€10.320)
€21.695
Interest revenue
Other results
€244
Results overhead €81.966
€27.729
Profit
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31-07-2015
STAR Annual Report 2015 - 2016
Okke Essing Treasurer STAR Board 2015-2016
€80.430
€6.986
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39 STAR BOARD TH
During 2016-2017 the 39th STAR Board will be there for you.
Julie Geelen Chairman
Devin Oosting Project Manager Bachelor
Floor Theunissen HR Manager/ Secretary
Rik Helsoot Project Manager Master
Lizz Jansen Treasurer
Ruben List Project Manager Career
Davey van Gilst Commercial Relations Manager
Max van Soest Information Processes Manager
Mercedes Roggen Brand Manager
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COLOPHON Content Suzanne Bickes Okke Essing Design Liselotte Borstlap
Copyright Š 2016 Study Association Rotterdam School of Management, Erasmus University Besides legal exceptions nothing in this publication may be copied and/or made public without prior written permision from the publisher. We have taken the utmost care in compiling this publication. However, we are not responsible for errors or incomplete information.
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STAR Study Association RSM Erasmus University Mailing Adress: Room T04-53 | P.O. box 1738 | Rotterdam, the Netherlands Visiting Adress: Room T04-53 | Burgemeester Oudlaan 50 | 3062 PA Rotterdam, the Netherlands +31 (0)10 408 20 37 | info@rsmstar.nl | www.rsmstar.nl
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STAR Annual Report 2015 - 2016