Annual Report 2016-2017 by STAR (Study Association Rotterdam School of Management, Erasmus University)

ANNUAL REPORT 2016-2017

STAR Annual Report 2016 - 2017

PREFACE About one year ago, the 39th STAR board year officially started and the time went by so quickly. It was one big rollercoaster going on and on and it was a blast. Fun, beautiful, difficult and learn full moments went by and we have enjoyed all of them. It is, to be honest, impossible to give you a report of our year in just a document. A board year at STAR is so much more than that, and therefore indescribable in words and some pictures. However, we do want to give you a small insight into the year 2016-2017 and what we have done on both strategic and financial level. We are looking back to a year in which we made the book sale available online and home-delivered, built a new active member portal, are looking forward to a STAR Management Week with a large emphasis on sustainability and many more. All of this would not have been possible without the help of our dedicated 300 active members and the thousands of passive members that participated in their events and trips. You guys made me proud every single week and have made this year extra special to me. Moreover, thank you to STARâ&#x20AC;&#x2122;s Supervisory Board and Verification Committee for your effort and support. In addition, I want to thank our faculty Rotterdam School of Management, Erasmus University, and our corporate partners for their continuous support and thrust in our capabilities.

Last but definitely not least, I am truly proud of my fellow board members and what we have accomplished this year. It was an honor to experience this board year together with you! At the same time, I wish all the best to the 40th STAR board, which we fully trust in making the upcoming year as great as the past one. I hope reading this document will make you all look back at a fantastic and successful year with many great memories. I wish you all the best of luck in the future and hope to see you again! Best regards,

Julie Geelen Chairman STAR Board 2016-2017

STAR Annual Report 2016 - 2017

ABOUT STAR STAR is the study association of Rotterdam School of Management, Erasmus University (RSM). With 6,500 members, STAR is Europeâ&#x20AC;&#x2122;s largest study association and above all the most active and professional study association in the Netherlands. STARâ&#x20AC;&#x2122;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.

STAR Annual Report 2016 - 2017

STAR Annual Report 2013 - 2014

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.

STAR Annual Report 2016 - 2017

THE 39 STAR BOARD TH

Julie Geelen Chairman

Floor Theunissen Secretary & HR Manager

Lizz Jansen Treasurer

Davey van Gilst Commercial Relations Manager

Mercedes Roggen Brand Manager

Devin Oosting Project Manager Bachelor

Rik Helsloot Project Manager Master

Ruben List Project Manager Career

Max van Soest Information Processes Manager

STAR Annual Report 2016 - 2017

SUPERVISORY BOARD Atte Anema (Chairman) Dan Beseda Julius Regeer Suzanne Bickes Klaas Hartmans Mirna Steur

Bas Louwman Floris Wesselink Marieke Struijk Nikki Bueno De Mesquita Sander Ouwejan Danique Rook

VERIFICATION COMMITTEE Joel van Gilst (Chairman) Ron de Koning Mathew Dibble Laura Hendrickx Sander van Vliet Okke Essing

STAR Annual Report 2016 - 2017

OPERATIONS

BA and IBA Introduction Days 700 freshmen were introduced to their fellow students and STAR.

Eurekaweek After the general introduction of STAR, students enjoyed themselves at de Vrienden Live with dinner and drinks.

August

STAR Annual Report 2016 - 2017

Heartbeat Festival In cooperation with the university, the academic year was opened at a festival on campus!

STAR Opening Party Accompanied by a 1000 students the Opening Party at Club Vie was a great success! Recruitment After a very successfull marketing campaign, the recruitment period led to 300 new active members. Booksale One of the yearly operations of STAR: always supplying RSM students with the right books.

General Assembly of Members The 39th STAR Board has been officially inaugurated and the policy, financial statement and operations of the 38th STAR Board were reviewed.

September

STAR Annual Report 2016 - 2017

OPERATIONS

Active Member Weekend During a fun weekend with lots of activities the active members of 2016-2017 had the opportunity to meet their fellow committee/ MSC members.

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. The week finished with a closing party in cooperation with Crossroads. Eurotrip A group of students went on an exciting week to Lisbon with the third Eurotrip!

October

STAR Annual Report 2016 - 2017

IBA and BA Graduation Party Celebration of the new IBA and BA Graduates at BarTender and Westelijk Handelsterrein! Constitution Drink All the active members and other associations in the Netherlands had the opportunity to celebrate the inauguration of the 39th STAR Board STAR Christmas Gala After a fancy dinner we partied until dawn at Apartt.

November

December

STAR Annual Report 2016 - 2017

OPERATIONS

Ski Trip The ski trip was again a very popular trip, with lots of participants and fun!

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.

STAR New Years Reunion Drink

January

February

STAR Annual Report 2016 - 2017

The Speaker Series Over the year the Speaker Series had several successful events with among other things Brownies and Downies and Bunq

Active Member Day

Traffic Light Party Over the year the Events committee organizes several drinks and parties, such as the Traffic Light Party

Excelsior Student Cup The STAR Soccer Teams were represented during the Excelsior Student Cup

BA Study Trip This year the BA Study Trip went to Taipei to explore the business and social life of this metropole

IBA Study Trip IBA students travelled to Shanghai and Beijing

March

STAR Annual Report 2016 - 2017

OPERATIONS

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.

Race of the Classics Team RSM participated in the 29th edition of the Race of the Classics with the Hendrika Bartelds Case Competition

April

STAR Annual Report 2016 - 2017

Erasmus Charity Run

Sports The Sports Committee organized several events throughout the year such as skiing at Snowworld.

Active Members Day to Antwerp

Theme Nights at de Vrienden Live

May

STAR Annual Report 2016 - 2017

OPERATIONS

Meet the Mainpartner With the mainpartner ING we visited the match Netherlands Luxembourg.

Open EUR Festival In collaboration with university, JFR and de Smitse we organized the Open EUR Festival, which was a huge success!

June

STAR Annual Report 2016 - 2017

MSC Study Trips A lot of Master Study Clubs went on trips all over the world: Silicon Valley (MSC BIM), Shanghai and Beijing (MSC Strategy), Tel Aviv (MSC Supply Chain) and much more!

... and much more! During the year, all committees have worked very hard to setup activities for all RSM students. Not all activities are mentioned in this yearly report, but photoâ&#x20AC;&#x2122;s can be found on social media (facebook.com/rsmstar) and more information can be found on our website (www.rsmstar.nl)!

Surftrip A group of STAR members enjoyed a lovely surf holiday in Zarautz

iCare Three weeks of voluntary work in Senegal conducted by RSM students. Erasmus Consultancy Project One of STARâ&#x20AC;&#x2122;s largest projects leaves for their destination: Colombia

Publication STAR Active Members Yearbook

August

July

STAR Annual Report 2016 - 2017

STRATEGY On a yearly basis, STAR develops and executes a policy that is in line with its mission: to enrich RSM students’ life. In November 2016, the 39th STAR Board developed the policy for 2017, thereby considering views of STAR’s main internal and external stakeholders. The policy development process has been critically reviewed, improved and supervised by experienced alumni currently employed at Accenture and McKinsey. STAR’s policy is developed within the framework of the association’s Strategic House consisting of four strategic pillars, namely: Career Start Support, Social activities, Academic Support, and Corporate Social Responsibility. These four pillars are underpinned by the personal and professional development of our active members that organize our numerous events. Their development is of crucial importance to the association and their work directly and indirectly contributes to achieving the strategic objectives. Bearing this strategic framework mind, the policy of 2017 has been written and consists of twelve initiatives that were identified by the 39th Board. They form the focus points of 2017’s strategy execution in order to reach the strategic goals. On the next page, you can find an overview of these twelve points. However, for an in-depth explanation of the initiatives, I would like to refer to the Policy 2017 document that can also be found on rsmstar.nl.

STAR Annual Report 2016 - 2017

STRATEGY

STAR Annual Report 2016 - 2017

After half a year of execution of the before mentioned policy, the key achievements of our progress can be found below. Up until the end of the year 2017, the 40th Board will be trusted with the further execution of this policy after which they will write the new policy for 2018.

These key results would not have been possible without the continuous dedication of STARâ&#x20AC;&#x2122;s board members and all active members. We sincerely hope that these results have laid a steady fundament for the upcoming years and trust that the next board will continue to develop our great association.

STAR Annual Report 2016 - 2017

THANKS TO

All our Active Members who where part of the following committees: Academic Committee, Activity Team AM, Activity Team BA, Activity Team IBA, BA Introduction Days, BA Study Trip, RSM STAR 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 Accounting and Financial Mangement, MSC AFM Study Trip, MSC Business Information Management, MSC BIM Eurotrip, MSC BIM Study Trip, MSC Finance and Investments, MSC F&I Study Trip, MSC Finance and Investments Advanced, MSC F&IA, 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, Race of the Classics, Reach Out, RSM STAR Case Society, Ski Trip, Speakers Series, Sports Committee, STAR Management Week, Surftrip and STAR 8th Lustrum Committee. 26

STAR Annual Report 2016 - 2017

STAR Annual Report 2014 - 2015

STAR Annual Report 2016 - 2017

FINANCIAL STATEMENT Balance sheet as at 31 July 2017

Tangible fixed assets

31-07-2017

31-07-2016

Furniture

€2.183

€15.113

Computers and peripheral devices

€6.821

€6.574

Marketing items

€1.066

€373

Software and licences

€50.209

€41.747

Total

€60.279

€63.807

Accounts receivable

31-07-2017

31-07-2016

€2.063

€3.040

Other receivables

€215.354

€238.73

Total

€217.417

€241.772

Provision Bad Debts

STAR Annual Report 2016 - 2017

FINANCIAL STATEMENT Equity

31-07-2017

€442.605

€81.922

€90.517

Exploitation surplus/deficit

€(19.263)

€27.729

Total

€505.264

€560.851

Retained Earnings General reserves

31-07-2017

Provisions Current liabilities

31-07-2016

STAR Annual Report 2016 - 2017

31-07-2016

€2.063

€3.040

€66.585

€71.745

Income statement for the year 2016-2017 For the year ended 31 July 2017 Net income

31-07-2017

31-07-2016

Contribution students

€434.484

€400.440

Acquisition revenues

€367.214

€364.656

Contribution faculty

€88.569

€66.818

€161.602

€259.765

€ 1.500

€7.176

€1.053.369

€1.098.855

Sales books Contribution other

Costs of organising projects

31-07-2017

31-07-2016

€33.309

€28.441

€442.452

€356.910

€59.183

€71.248

€233.993

€194.425

€65.762

€89.134

Costs books

€153.630

€254.819

Other costs

€827

€4.779

€989.156

€999.726

Overhead costs Project costs Day programme costs Traveling costs Recruitment and marketing costs

STAR Annual Report 2016 - 2017

FINANCIAL STATEMENT General and administrative expenses

31-07-2017

31-07-2016

Office supplies costs

€20.208

€18.227

Usage and depreciation

€25.456

€22.640

Project costs

€56.532

€52.139

€2.738

€2.650

€65.589

€70.576

€2.023

€2.720

€11.047

€13.369

(€33.309)

(€28.385)

€150.284

€153.936

Travelling costs Board costs Marketing costs Other costs Allocated overhead charges

Other income

31-07-2017

Interest revenue Result joined events Result liabilities Other results

31-07-2016

€392

€1.572

€85.547

€73.544

(€18.178)

€17.170

(€3.089)

(€10.320)

Results overhead €64.672

€(19.263)

Profit

STAR Annual Report 2016 - 2017

€81.966

€27.729

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.

Other information 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 auditorâ&#x20AC;&#x2122;s report has been issued. Rotterdam, September 20th, 2017 On behalf of the Board,

Lizz Jansen Treasurer STAR Board 2016-2017

STAR Annual Report 2016 - 2017

40 STAR BOARD TH

During 2017-2018 the 40th STAR Board will be there for you. Marc Gijsbers Chairman

Anouk AimĂŠe Hokke Project Manager Bachelor

Carlijn ten Have Secretary

Astrid van der Zanden Project Manager Master

Leon Hartkoorn Treasurer

Nhu Pham Project Manager Career

Jarno Levinga Commercial Relations Manager

Per Kamerman Information Processes Manager

Linda Rodenbrug Brand Manager

STAR Annual Report 2016 - 2017

COLOPHON Content Julie Geelen Lizz Jansen Floor Theunissen Design Davey van Gilst

Copyright ÂŠ 2018 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.

STAR Annual Report 2016 - 2017

STAR Annual Report 2016 - 2017