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JA COMPANY

The JA Student Company Program

At Learning Paths School (LPS), we believe in equipping our students with practical skills that extend beyond traditional academics.

This program is an inherent feature of the Class XI & XII Commerce Curriculum at Learning Paths School, Mohali. The school, with limited help from industry volunteers along with its academic staff members, has been nurturing this initiative since 2016. To date, five Student Companies have been formed, operated, and liquidated.

Over a seven-eight months period, the Student Company Program at Learning Paths School teaches Class XI-XII commerce students how to organize and operate a real business. Volunteers from the local business community also work with students during ideation, planning, and operations.  This gives students the real-world skills and experience that they need to achieve their dreams of becoming entrepreneurs. The Student Company is owned by its shareholders, which comprise students and staff of the School. The Class XI students act as promoters, elect the Board of Directors, and appoint officers for all four departments of Production, Marketing, Finance, and Human Resources. Generally, the following time period is followed for running the company program

A Proof-of-Concept in Entrepreneurship Education

Our flagship initiative, The JA Student Company Program is education in action. In this program, our senior secondary students embark on a journey where they learn invaluable entrepreneurial skills while establishing and operating their own student companies. This experience this commitment and aligns seamlessly with the core guidelines of the National Education Policy (NEP) 2020. It takes them through the entire business cycle, from crafting business plans to setting up their organizations, managing day-to-day operations, and eventually, the liquidation phase.

Student-Driven Companies with a Professional Touch

What sets this program apart is its authenticity. Each student company is overseen by a dedicated ‘Board of Directors,’ complete with articulated ‘incorporation’ documents and meticulous bookkeeping. These companies don’t just exist on paper; they create and market real products, raise “capital,” and experience the highs and lows of “real” profits and losses. Throughout this journey, our students receive guidance and mentorship from a diverse pool of professionals.

Real-Life Experience within Academic Boundaries

The JA Company Program at LPS is designed to provide our students with the closest possible real-life entrepreneurial experience while remaining firmly within the bounds of academia. We understand that practical skills are vital for success in today’s dynamic world, and this program ensures that our students are well-prepared to face the challenges of entrepreneurship while continuing their academic pursuits.

At Learning Paths School, we believe that education should go beyond textbooks, and the JA Company Program exemplifies our commitment to preparing our students for a future filled with opportunities and innovation. Welcome to a journey that bridges the gap between the classroom and the boardroom.

Case Studies Contents and Visual Tables to be taken from the existing website. Needs to start from New to Old

Program Timeline:

  • July-August: Business Planning
  • October: Organizing Business and Preparing Bye-Laws
  • November-January: Business Operations
  • April-May: Continue Operation and Liquidation

Program Structure:

The program unfolds in five distinct stages:

  • Ideation
  • Planning
  • Execution
  • Evaluation
  • Liquidation

Past Student Companies:

  • HELPER’S HAGUE (November 2016 – May 2017):Product: ‘Cool-e’ – a light, comfortable, and strong Load Carrier device for workers in the construction industry.
  • Units Sold: 52
  • Euphoria (November 2017 – May 2018):
  • Product: ‘Comf-e’ – seating cum storage ottoman made from discarded tires.
  • Units Sold: 63
  • CleanTech (October 2018 – May 2019):
  • Product: ‘FABTAB’ – Toilet cleaning and sanitizing tablet, eco-friendly and targeted at rural areas.
  • Units Sold: 530
  • Carbon Neutral (December 2018 – May 2019):
  • Product: ‘Earthen’ – Customizable vertical gardening panels with pots.
  • Units Sold: 30
  • ShinobiTECH (November 2019 – Ongoing):
  • In progress – Detailed company report pending.

2022-23: CLASSROOM TO COMPANY - THE JOURNEY OF CRESKO TECHNOLOGIES

Introduction:

Cresko Technologies embarked on its journey in August 2022 as part of the LPS Student Company Program. Transitioning from a classroom project to a real-time entrepreneurial endeavor, the aim was to address day-to-day problems. After rigorous brainstorming, the team finalized the pest-catching device, EZYcatch.

Key Milestones:

  • Idea Generation: Exploring common problems and solutions.
  • Selection Process: Deliberating various ideas and finalizing ‘EZYcatch.’
  • Execution: Initiating the development and production phase.
  • Challenges: Overcoming obstacles and learning from failures.
  • Achievements: Progress made in solving day-to-day problems.
  • Ongoing Journey: Continuation of Cresko Technologies – More details in the company report.

Glimpses of Activities:

  • Board Meeting in Progress
  • Team Euphoria
  • Trade Fair (Shopper’s Stop) organized by School

The journey from ideation to execution is a testament to the entrepreneurial spirit cultivated through the Student Company Program at Learning Paths School. Stay tuned for the detailed company report of Cresko Technologies.

The Company Program activities are conducted with in school hours as shown below.

Brief description of the past four student companies at LPS

The first student company at LPS called ‘HELPER’S HAGUE’ was established by the class XI Commerce students in November 2016. The Company produced and sold a light, comfortable, and strong Load Carrier device ‘Cool-e’ which can make the job of workers specially in construction industry carrying heavy load more comfortable and effortless. It produced and sold 52 units of ‘Cool-e’ in three months of operation. The company was liquidated in May 2017.

The second student company ‘Euphoria’was launched in November 2017. The company produced and sold seating cum storage ottoman  ‘Comf-e’ which was made from discarded tires. Apart from providing storage and space utility, it was easily movable from oneplace to another place with its rolling base. It produced and sold 63 units of ‘Comf-e’ in its 4 months of operation. The Company was liquidated in May 2018.

The year 2018 saw the launch of  two student companies. First ‘CleanTech’ was launched in October 2018. The Company produced and sold Toilet cleading and sanitizing tablet ‘FABTAB’ an ecofriendly, safe and easy to use cleaning solution. Inspired from Swachh Bharat Abhiyan, the product was specially targeted the rural areas and public toilets that are built under Swachh Bharat Abhiyan. The company produced and sold 530 units of ‘FABTAB’ in its five months of operation. The company was liquidated in May 2019.  The second company in the same year was ‘Carbon Neutral’ which was launched in December 2018. The company was dealing in providing customizable vertical gardening panels with pots called ‘Earthen’ The Company produced and sold 30 units of ‘Earthen in its 3 months of operation and liquidated in May 2019.

The Fifth Company ShinobiTECH formed and launched in November 2019 is still in progress. In the following, its company report will give full details of how students go through every nuance of running business from ideation to operation.

Few Glimpses of Company Program Activities

Board Meeting in Progress

Team Euphoria

Trade Fair (Shopper’s Stop) organised by School.

2022-23:CLASSROOM TO COMPANY THE JOURNEY OF CRESKO TECHNOLOGIES LPS STUDENT COMPANY PROGRAM 2022-23

Cresko Technologies journey began all the way backin August 2022, when we were introduced to the LPS Student Company Program. This program was not just a school project but it was also a real time entrepreneurial one, where we aimed to solve day to day problems. And so, we started our journey, we looked for common problems and their solutions.  Many ideas came, many ideas failed. After weeks and weeks of deliberating, we finalized a pest catching device, EZYcatch.

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