STAR Annual Report 2011-2012

Annual Report 2011-2012

STAR Annual Report 2011 - 2012

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STAR Annual Report 2011 - 2012

Preface September is the time we close the books on the past year and start fresh with a new one. However, before we leave you in the capable hands of the 35th board I would like to give you an overview of what STAR has done the past year, how this year’s strategy has panned out and how STAR did financially with the STAR Annual report 2011-2012.

From september 2011 on, about 270 Active Members have worked hard and dedicated not only on organizing great events and activities for the students of the Rotterdam School of Management but also on developing themselves in doing so. It is these students, their devotion to the cause and willingness to go the extra mile that have made this year, and this association, into the success story it is today. Together with them we have enriched the lifes of thousands of RSM students by organizing over 60 events through 57 committees and Master Study Clubs. I would like to thank you for your committment and enthousiasm.

The success story of the past year could not have been complete with the support and advice of the Rotterdam School of Management, Erasmus University and our corporate partners. They have contributed to a sustainable future for STAR and the extracurricular development of the RSM student. Even in these hard times with harsh government regulations.

Another crucial factor in the success of this year are my fellow boardmembers. I am extremely proud of what we have accomplished together and STAR could not have had this excellent year without you. You made STAR a home and inspiration for me and many other RSM students and I will be forever grateful for that.

Last but most certainly not least I would like to thank the Supervisory Board and the Verification Committee for their wise advice and support that helped us through this year.

I hope this Annual Report will give you some idea of the outstanding year we all had at STAR and I hope you will enjoy reading it. It is time to close the books and open a new one. I wish all the best to the 35th STAR board and hope they do even better than us!

Yours sincerely,

Thomas Snuverink Chairman 34th STAR Board 2011-2012

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STAR Annual Report 2011 - 2012

About STAR STAR is the study association of Rotterdam School of Management, Erasmus University (RSM). With 7,000 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 280 dedicated active members organize STAR projects that reach thousands of students.

The best known events are the STAR Management Week, which consists of social, academic and career events; International Business Study, 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 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.

Apart from academic activities like speakers events, case competitions or selling books, STAR also aims to organize social activities as well, ranging from IBA events, introduction days to parties. RSM students can join us abroad with a ski or sailing trip, international weeks, study trips or community development.

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STAR Annual Report 2011 - 2012

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 34 years, STAR has become an association of influence, diversity, and professionalism. With more than 7,000 members, including 280 active members, we can proclaim to be the largest study association in Europe. Next year we will celebrate STAR’s 7th lustrum.

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 2011 - 2012

The 34th STAR Board Thomas Snuverink Chairman

Daniel Gaspersz Commercial Relations

Milou Houtman Project Manager

Marlies Ruigerwaard Secretary

Job de Groot Information & Brand Manager

David Boudeling Project Manager

Karl Kluun Treasurer

Raymond Tsang-A-Sjoe Public Affairs & Vice Chairman

Thijmen Kaster Project Manager

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STAR Annual Report 2011 - 2012

Supervisory Board Eric Ritsema (Chairman) Marloes Hemmen Bart van Muijen Jelena Obradov Laura Pool Rosalie Papenhuizen Djordy Seelmann

Nazanin Vafaee Guido van der Ven Jasperina de Vries Sanne Vrijland

Verification Commitee Gerard Drost (Chairman) Jacomijn Klitsie Sharita van den Herik Roeland Stolker Erik van Veen Sanne Vrijland Lettice de Zeeuw

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Operations

BA & IBA Introduction days 280 freshmen getting to know their fellow students, faculty and STAR.

Booksale One of the core operations of STAR, supplying the RSM students with their books at the lowest price.

Eurekaweek General introduction of new students to Erasmus where RSM student could eat with STAR @ the Villa Kakelbont for the first time!

August

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September

STAR Annual Report 2011 - 2012

General Assembly of Members Officially inaugurating the 34th STAR board and reviewing the year of the 33rd STAR board.

Constitution Drink Celebrating the inauguration of the 34th board with the active members and associations from all over The Netherlands.

Opening Party 1300 students starting of the academic year with a blast in a sold-out Club Vie.

October

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Operations

MSC Active Members day A day of wild water rafting @ Dutch Water Dreams with all the active members from the Master Study Clubs. Afterwards drinks in The Hague.

Active members Weekend A weekend in the south of Holland where the new active members got to know each other through some nice social activities.

October

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STAR Annual Report 2011 - 2012

STAR Management Week Two weeks in which the entire campus is flying the STAR colors and one of the largest student events in the Benelux. This year’s theme was next level, no limit and the week consisted of company visits, company dinners, workshops and trainings, closing this week with the famous SMW party in the Maassilo.

Richard Branson In cooperation between STAR and Nova College Tour in which we invited Richard Branson over to Rotterdam for an intimate Q&A about his impressive career.

IBA Graduation Party Party to celebrate the new IBA graduates

M&A Day Sinterklaas @STAR

Christmas Dinner Review of the past year and official inauguration of the 33rd Board.

November

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Operations

Ski Trip The first STAR Committee taking off to the French Alps for a week of student skiing with a group of 80 students!

Alumni New Years drink

IBA Social Drink An social drink for the IBA students in Club Vie with their own student live band.

January

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Erasmus Recruitment Days The largest on-campus recruiting event in the Benelux with this year a record amount of 2500 students participating in exciting recruitment activities with over a hundred companies.

February

STAR Annual Report 2011 - 2012

Active Members Day 2 This year taking all the Active Members to the beautiful city of Antwerp to welcome the new committees and have a great time together.

STAR Valentine’s Party The second large STAR party of the year, selling out the Thalia Lounge with a great Valetine themed party.

Business in Asia Seminar General Assembly of Members

IBA Studytrip The city of Mumbai was this years destination for 40 IBA students, experiencing a culture shock and an economic power rising.

March

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Operations

BA Studytrip Review of the past year and official The BA students went to Kuala Lumpur to discover one of the most exciting cities in Asia at the moment.

MSC Marketing Experience to New York

Race of the Classics The ROTC fleet crossed the North Sea to Ipswich, England, for the first time in 4 years with Team Erasmus as one of the more notorious ships in the fleet.

Maart

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International Week 30 students from all over the world come to Rotterdam to experience The Netherlands in one week. In cooperation with the Amsterdam Study Association SEFA

April STAR Annual Report 2011 - 2012

Case Competitions 6 teams from all over Europe compete in interesting cases on Diergaarden Blijdorp and BP judged by Prince Carlos.

Consultancy Castle 24 of The Netherlands best and brightest meet the top 7 consulting firms for an interesting weekend in a very chique setting.

Active Members Weekend The second active members weekend Third Reqruitment Period

Hockey Tournament

May

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Operations

BIM Study Trip A study trip to the Mecca of IT: Silicon Valley. 25 BIM students visiting famous companies like Linkedin, Google, Zygna and even Apple.

Entrepreneurship Study Trip Strategy Study Trip Innovation Study Trip

MSC FM study trip An interesting research trip taking 25 FM students to Singapore and Kuala Lumpur.

June

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IBS South Korea One of STAR’s largest projects leaves for their destination: South Korea, the tiger of the East.

July

STAR Annual Report 2011 - 2012

Other Interface 4 editions with interesting and current articles. This year for the first time available on an app!

ICC Providing International students with interships and joboffers all year.

Marketing Team Supporting every committee within STAR on visuals and marketing strategies.

Commercial Team Helping out the Commercial of the Board and the Committees in their quest for funds.

Community Development International Team - Nepal Embarking on a fantastic journey to lend a helping hand to several charity projects in Nepal.

Publication STAR Agenda

August

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STAR Annual Report 2011 - 2012

Strategy In the policy, the XXXIVth STAR Board (hereinafter called “we”) would like to stipulate that making significant change to a large organization such as STAR requires time, managed in a time span over multiple years. Inherent to annual policy creation is that every board has to reinvent the wheel time after time. To account for this issue, we wrote our policy including operational points for the present, tactical points to start now and finish later, and strategic points for the future. All in all this policy will serve STAR’s overall mission: “enriching student life” by making sure that we provide the optimal service to our student in the present, while preparing STAR for the future making sure we are still providing our services in the next 10 years. This led us to the following slogan for next year:

“Maximizing STAR in the present while preparing STAR for the future” XXXIVth STAR Board 2011 - 2012

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Strategy To reach this goal, we have structured our policy around three main pillars:

Improving processes

on an operational level. In the short term, we believe STAR can regain capacity and resources. By improving processes, the Board will have increased capacity to support active members, focus on strategic issues, and to increase efficiency and professionalism overall. This pillar is divided into 3 areas: • Efficiency • Standardiation and Documentation • IT Restructuring

Enhancing membership value

on a tactical level. In the medium term, we believe STAR needs to prove its value to members, passive and active.

We will take the first step by thoroughly analyzing the current portfolio of activities and the value added. We aim for continuity, by balancing the portfolio to make sure STAR remains competitive and will evolve with markets in time. The implementation of the portfolio analysis will start with the succeeding Board, and possibly continued by future Boards. This pillar is specified into these three areas: • Non-recruitment value • Active Member value • Portfolio analysis

Embedding STAR in the RSM

on a strategic level. In the long term, we believe that STAR should be an integral and indissoluble part of RSM. The RSM is one of the main stakeholders, who helped STAR from the cradle to our current position. However, we are still not serving the entire student population of the RSM and are not as involved as desired. We aim to be a secondary factor for upcoming students choosing for the RSM. Achieving this goal would be greatly stimulated by automatic membership. The implementation of embedding STAR in the RSM will start this year by strengthening our relations with different parties within the RSM. This last pillar is split-up into two areas: • Strengthening the relationship with the RSM • Involve all RSM students in STAR

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STAR Annual Report 2011 - 2012

A policy is made in the beginning of the year to structure the the targets set by the board. These targets are set to make sure that we won’t be watching the shop, but really put an effort towards improving STAR. However, a board year is very dynamic, and plans made in the beginning of the year can be outdated half way. That is why we would like to emphasize that this policy was a guideline and that the results sometimes are not in line with what was stated, or some parts even not executed do to an overestimation of our time available. We have added an out of scope section in the results to give these great results a place in this document.

Key results Improving Processes • Implementation of the STAR Webshop • General MSC Commercial Leaflet • Monthly MSC mailings for all MSC • Interface App • Increased use of aqcuisition tools • Empowered board assistent Key Results Embedding STAR in RSM • Enhanced commercial cooperation through the CorpNet meetings • Indirect seat on the Faculty Council • Enhanced communication with Academic Directors • Close cooperation on several STAR projects (International Week/Case Competition)

Key results Enhancing Membership Value • New Book Contract offering improved value • STAR Card • Update SMW concept • Development of STAR Academy training platform for Active Members

Key Achievements Outside Scope: • Beginning made in second and third main sponsor acquisition • First STAR Premium Partner Diner • Development of new and improved STAR Corporate Identity • Richard Branson at a STAR event • First STAR Surftrip • International Business Studies Erasmus Consultancy Project • MSC Active Members Day

We are very proud of these results and the Active Members who have helped us with achieving these great developments.

With this plan and these results we have worked hard to improve STAR and perpare STAR for the future. However, as mentioned in the introduction, good policy is something that is carried over the years and it is up to the 35th STAR board to continue the upward spiral!

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Thanks to Abel Spohr Abel Verweg Adrienne Kapiteijn Agnetha Roobol AimĂŠe Cox Aimee van der Gaag Albert Pranger Alexamder Fagard Alexander Marinov Alexandra Dresco Alexandru Aleman Alica KlĂśsges Amber mechelse Amy Fransz Anastassia Katchan Anke Koers Annelinde Barbiers Annelotte Bosloper Anni Panagiotopoulou Antony Sarantidis Ariana Popal Arvind Abhelakh Ashkan Mortezapour Atte Anema Bart van Muijen Bart-Jan ter Haar Bas Gieben Bas Louwman Bas van Lieshout

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Beini Yang Benedict Probst Berdien Fennema Bert Feskens Bibi Bogaart Boudewijn van den Berg Britt mulder Brittany Richardson Camilla Bjornstad Carina Solbag Carlijn Hofland Carlos Souza Carlotta Costanzo Carsten Passlick Casper Bout Cathrin Schmitz-draeger Cathy Tran Cecilia van den Berg Celia Fuhr Charief van Zetten Christie Tan Christina Wessels Christof Wamud Christoph Ahrendt Christophe Soom Clement Leung Daisy Verma Daniel Gaspersz Daniela Vagnerova

David Boudeling Deena Awwad Denise Rottier Derrick Dikkers Dilara Cabuk Dimitar Zhelyazkov Dimitrios Gkozgkos Dirk Paul Zeilstra Djurre Kuiper Djordy Seelmann Dmitri Staicov Dominique van Pelt Dora Kallipolitou Edoardo Arioti Elena Koulekova Elise Zonneveld Emile Meijer Eric Ritsema Erik Feleus Erik van Veen Ernst Dencher Erwin Borst Erwin Lusse Ewald Euser Fabian Dekker Fariha Amiri Felix Plakolb Finn Althof Fleur van Unen

STAR Annual Report 2011 - 2012

Florine van den Adel Franziska Meyer Gerard Blok Giulia Greppi Gorkem Erdem Guido Bakker Guido Soonius Guido van der Ven Gwendolyn Graman Hande Macit Hanna Neeft Heider Anwar Heleen Waes Ilona van der Berg Ilona van Vliet irina mihai Iris van der Heijden Ivana Lotte Jair Halevi James Rowell Janna van der holst Jim Bout Jasperina de Vries Jellena Obradov Jitske Mols Joachim Wister Joao Barata Job de Groot Jodie Oortman

Joey Veurink Joost de Kok Joost Mathot Joost van der Sande Jorien Rother Jos Hooft Joyce Morren Jozef Misik Judith Kontny Judith Quist Julia Gapyey Julia Laenge Julia Roetz Julia Weits Jurgen Hersbach Justin Sangers Karin Bongers Karl Kluun Kassandra de Jong Katharina Malinowski Katharina Steiner Katrin Smolka Ken French Kim Langendijk Kim van der Aar Kim Zoetbrood Kirsten de Haas Kirsten Parren Koen Smits

Kristinka Wilmink Lachezar Stoynov Larissa Hendriksen Laszlo Arany Laura Pool Laura Rahardjo Laura van Rie Laurie Robben Lennart Vinke Lianne Pruim Lilyana Uzunova Linda Langemeijer Linda van Leeuwen Lisa Linskens Lisanne van Zwol Liselotte keizer Lizan Bakker Louise Boon Luuk de Vos Luuk van Woudenberg Lyubomira dimitrova Maarten Korsten Mandy van de Velde Marc claasen Marc Huijsing Marc-Alexander Vetter Marianne Vollebergh Marieke Struijk Marijke Majoor

Marjolijn de Haas Marjolijn van Dijk Marjon van der Maat Mark de Vries Araujo Marleen Bloo Marlies Ruigewaard Marloes Hemmen Marloes Nijland Marlou Ruiterman marlous den bieman Marta Chiruta Martijn Ros Max de Ruijter Meeke de Jong Meral Sengul Michelle de Jong Michelle Hooien Michelle Hu Milou Houtman Mirna Steur Mohsin Chughtai Moritz Hellwig Myrienne Figaroa Nadia Schoenmakers Nadine van Son Nathalie Lidman Nazan Kahraman Nazanin Vafaee Neli Mesyova

STAR Annual Report 2011 - 2012

Niall Deasy Nick Timmers Nicky Kroon Nicole Bakker Niels Kramer Niels van Melick Nienke Keen Noortje de Graaf Patrick Koetsier Peter Bezmian Philip Lazar Raphael Spaans Raymond Tsang-A-Sjoe Reep VerLoren van Themaat Rianne Mossel Richard Nievaart Rik Hendriks Robbert Brouwer Robin de Jong Roderick Jager Roel van der berg Ron de Koning Rosalie Papenhuizen Roy de Lepper Sander Hoek Sander van der Toorn Sanne Amber Maas Sanne Vrijland

Sertac Aydeniz Simon Michael Suesan Sjors Suikerbuijk Sophia blichfeldt Sophie Campagne Stanimir Moskov Steven Timmermans Stijn bransen Stijn Veenstra Susanne Nieuwenkamp Suzanne bouwman Teus Jan de Jong Thijmen Kaster Thom Brauwers Thomas Snuverink Tom Reijnen Tom Vermaas Valesca Benjamin Vincent Buitelaar Wernher Pikali William van Tongeren Xu Bo Kahw Xulai Yue Yali Yu Yannick Socolov Youming Ma Younes El-Hajouti Yvonne Slagter Zsofi Anna Weber

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STAR Annual Report 2011 - 2012

Financial statement Balance sheet as at 31 July 2012

Tangible fixed assets

31-7-2012

31-7-2011

Furniture

€28.209

€30.779

Computers and peripheral devices

€15.883

€9.335

€463

€380

Software and licences

€27.852

€7.855

Total assets

€72.407

€48.350

Marketing items

Accounts receivable

31-7-2012

31-7-2011

Joint venture projects

€34.549

€19.609

Provision Bad Debts

(€2.234)

(€6.486)

Other receivables

€158.066

€79.725

€190.380

€92.849

Total assets

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Financial statement Equity

31-7-2012

Retained Earnings

€403.269

€276.654

General reserves

€107.636

€96.093

€24.262

€126.615

€535.167

€499.361

Exploitation surplus/deficit

Total

31-7-2012 Provisions Current liabilities

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31-7-2011

STAR Annual Report 2011 - 2012

31-7-2011

€2.234

€6.486

€91.365

€81.869

Income statement for the year 2012 For the year ended 31 July 2012 Net income

31-7-2012

31-7-2011

Contribution students

€388.070

€377.225

Acquisition revenues

€497.693

€527.218

Contribution faculty

€58.247

€62.280

Contribution funds

€12.692

€23.175

€ 613.338

€654.046

€ 9.894

€ 9.846

€1.579.933

€1.653.790

Sales books Contribution other

Costs of organising projects

31-7-2012

Office supplies

31-7-2011

€16.675

€23.008

€1.741

€362

€360.015

€345.779

€75.109

€70.382

Travelling costs

€210.599

€238.247

Recruitment and marketing costs

€105.460

€156.103

Costs books

€617.164

€637.848

Other costs

€ 15.038

€2.974

€1.401.800

€1.474.704

Usage and depreciation Project costs Day programme costs

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Financial statement General and administrative expenses

31-7-2012

Office supplies

€18.992

€24.588

Usage and depreciation

€20.218

€20.805

Project costs

€70.701

€55.680

€40

€4.234

€2.433

€1.979

€58.848

€57.820

Marketing costs

€9.573

€6.535

Other costs

€25.110

€13.577

€205.915

€185.217

Day programme costs Travelling costs Board costs

Other income

31-7-2012

31-7-2011

Cash register surplus

€1.447

€4.513

Interest revenues

€6.773

€2.935

Result joined events

€39.289

€42.963

Incidental results

€25.278

€10.725

€1.753

€0

€0

€60.478

€(22.544)

€6.595

€48

€4.537

€52.043

€132.746

Result assets Result provisions Result liabilities Other results

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31-7-2011

STAR Annual Report 2011 - 2012

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 auditor’s report has been issued.

Rotterdam, September 8, 2012 On behalf of the Board,

K.B. Kluun Treasurer STAR Board 2011-2012

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STAR Annual Report 2011 - 2012

35th STAR Board During 2012-2013 the 35th STAR Board will be there for you.

Rik Hendriks Chairman

Babet van Dinten Secretary

JoĂŤl van Gilst Treasurer Remco van der Matten Vice-chairman

Mirna Steur Brand Manager Claudia Baaiens Project Manager

Tom Reijnen Project Manager

Iris Blokpoel Project Manager

Linda Wekers Commercial Relations

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Colophon Content Karl Kluun Thomas Snuverink Raymond Tsang-A-Sjoe Design Job de Groot Production OCC dehoog Copyright Š 2012 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 permission 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 2011 - 2012