Area student receives full scholarship to PFEW
Alyssa Johnson, daughter of Anne and Rich, of South Williamsport and a junior at South Williamsport Area High School, was granted a full scholarship to attend Pennsylvania Free Enterprise Week 2017 at Lycoming College.
PFEW is a weeklong economic education program that offers students an inside look at the private enterprise system and the way the free market functions.
Johnson attended week one of the five, one-week sessions offered this summer. Pennsylvania teachers and counselors recommend the candidates who are then reviewed by the PFEW staff. Admission is based on motivation to learn that is demonstrated through essays submitted by the applicants.
Those accepted are awarded scholarships, which cover all program costs, excluding a registration fee and transportation. The students are housed in the campus dormitories.
During the week, students form companies that compete against other student companies for the equivalent of three years using a college level simulation.
Business volunteers serve as company advisors who mentor the students as they face many of the same decisions real executives confront every day.
The companies compete against each other in the areas of management skill, return on net assets, a marketing and advertising campaign and a presentation to stockholders.
Company advisors do not make decisions for their team, but suggest available options and share their own experiences and challenges. Scholarship winners learn the value of teamwork, communication, cooperation and leadership.
Dozens of world-class speakers present seminars and discussions covering topics like the relationships of business with labor, government and consumers.
The students also hear talks about business ethics, management and leadership skills, the economic system future, the global marketplace, money and banking, business operations, careers in business, marketable skills and more.