STAR (student Association)
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STAR (student Association)
STAR (''St''udy ''A''ssociation ''R''otterdam School of Management, Erasmus University) is a study association for business administration students of the Rotterdam School of Management, Erasmus University at the Erasmus University Rotterdam based in Rotterdam, Netherlands. STAR was founded in 1977 and currently has 6,500 members, being the largest student-led study association of Europe. STAR has 52 committees and an annual revenue of €0.42 million. The three core values held by STAR are ''Social, Academic and Career Start Support''. Well-known events organized by STAR include their anniversary celebration, the STAR Party. This festivity is a student-organized party in the Netherlands and attracts thousands of students, peaking at 4,850 visitors in 2007. Another notable event is their annual Academic Conference, where distinguished academic, business, and political leaders discuss current global issues. The STAR Party and the Academic Conference are part of the STAR Managemen ...
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Not-for-profit
A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in contrast with an entity that operates as a business aiming to generate a profit for its owners. A nonprofit is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. An array of organizations are nonprofit, including some political organizations, schools, business associations, churches, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be tax-exempt, and some may also qualify to receive tax-deductible contributions, but an entity may incorporate as a nonprofit entity without securing tax-exempt status. Key aspects of nonprofits are accountability, trustworthiness, honesty, and openness to eve ...
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Post-graduate
Postgraduate or graduate education refers to academic or professional degrees, certificates, diplomas, or other qualifications pursued by post-secondary students who have earned an undergraduate ( bachelor's) degree. The organization and structure of postgraduate education varies in different countries, as well as in different institutions within countries. While the term "graduate school" or "grad school" is typically used in North America, "postgraduate" is often used in countries such as (Australia, Bangladesh, India, Ireland, New Zealand, Pakistan, South Africa, and the UK). Graduate degrees can include master's degrees, doctoral degrees, and other qualifications such as graduate certificates and professional degrees. A distinction is typically made between graduate schools (where courses of study vary in the degree to which they provide training for a particular profession) and professional schools, which can include medical school, law school, business school, and othe ...
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Committee
A committee or commission is a body of one or more persons subordinate to a deliberative assembly. A committee is not itself considered to be a form of assembly. Usually, the assembly sends matters into a committee as a way to explore them more fully than would be possible if the assembly itself were considering them. Committees may have different functions and their types of work differ depending on the type of the organization and its needs. A member of a legislature may be delegated a committee assignment, which gives them the right to serve on a certain committee. Purpose A deliberative assembly may form a committee (or "commission") consisting of one or more persons to assist with the work of the assembly. For larger organizations, much work is done in committees. Committees can be a way to formally draw together people of relevant expertise from different parts of an organization who otherwise would not have a good way to share information and coordinate actions. They may ...
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Treasurer
A treasurer is the person responsible for running the treasury of an organization. The significant core functions of a corporate treasurer include cash and liquidity management, risk management, and corporate finance. Government The treasury of a country is the department responsible for the country's economy, finance and revenue. The treasurer is generally the head of the treasury, although, in some countries (such as the United Kingdom or the United States) the treasury reports to a Secretary of the Treasury or Chancellor of the Exchequer. In Australia, the Treasurer is a senior minister and usually the second or third most important member of the government after the Prime Minister and Deputy Prime Minister. Each Australian state and self-governing territory also has its own treasurer. From 1867 to 1993, Ontario's Minister of Finance was called the Treasurer of Ontario. Originally the word referred to the person in charge of the treasure of a noble; however, it has now m ...
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Financial
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability asse ...
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Supervisory Board
In corporate governance, a governance board also known as council of delegates are chosen by the stockholders of a company to promote their interests through the governance of the company and to hire and fire the board of directors. In civil service, a supervisory board or regulatory board is often a legislatively independent body with authority over other non-governmental boards (i.e. boards embedded within and run by industry bodies), such as found in some systems of regulated marketing, especially in the agricultural sector. The scope of supervision is to supervise other supervisory bodies. Industry boards are typically oriented toward their own stakeholders, while the second-instance supervision takes a broader view of all stakeholders, including the public interest. Corporate governance varies between countries, especially regarding the board system. There are countries that have a one-tier board system (like the U.S.) and there are others that have a two-tier board sys ...
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Executive Power
The Executive, also referred as the Executive branch or Executive power, is the term commonly used to describe that part of government which enforces the law, and has overall responsibility for the governance of a state. In political systems based on the separation of powers, such as the USA, government authority is distributed between several branches in order to prevent power being concentrated in the hands of a single person or group. To achieve this, each branch is subject to checks by the other two; in general, the role of the Legislature is to pass laws, which are then enforced by the Executive, and interpreted by the Judiciary. The Executive can be also be the source of certain types of law, such as a decree or executive order. In those that use fusion of powers, typically Parliamentary systems, the Executive forms the government and its members generally belong to the political party that controls the legislature or "Parliament". Since the Executive requires the support ...
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Hierarchical
A hierarchy (from Greek: , from , 'president of sacred rites') is an arrangement of items (objects, names, values, categories, etc.) that are represented as being "above", "below", or "at the same level as" one another. Hierarchy is an important concept in a wide variety of fields, such as architecture, philosophy, design, mathematics, computer science, organizational theory, systems theory, systematic biology, and the social sciences (especially political philosophy). A hierarchy can link entities either directly or indirectly, and either vertically or diagonally. The only direct links in a hierarchy, insofar as they are hierarchical, are to one's immediate superior or to one of one's subordinates, although a system that is largely hierarchical can also incorporate alternative hierarchies. Hierarchical links can extend "vertically" upwards or downwards via multiple links in the same direction, following a path. All parts of the hierarchy that are not linked vertically to one ano ...
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Organizational Structure
An organizational structure defines how activities such as task allocation, coordination, and supervision are directed toward the achievement of organizational aims. Organizational structure affects organizational action and provides the foundation on which standard operating procedures and routines rest. It determines which individuals get to participate in which decision-making processes, and thus to what extent their views shape the organization's actions.Jacobides., M. G. (2007). The inherent limits of organizational structure and the unfulfilled role of hierarchy: Lessons from a near-war. Organization Science, 18, 3, 455-477. Organizational structure can also be considered as the viewing glass or perspective through which individuals see their organization and its environment. Organizations are a variant of clustered entities. An organization can be structured in many different ways, depending on its objectives. The structure of an organization will determine the modes in ...
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Academic Department
An academic department is a division of a university or school faculty devoted to a particular academic discipline. This article covers United States usage at the university level. In the United Kingdom and other Commonwealth countries, universities tend to use the term faculty; faculties are typically further divided into schools or departments, but not always. The organization of faculties into departments is not standardized, but most U.S. universities will at least have departments of History, Physics, English (language and literature), Psychology, and so on. Sometimes divisions are coarser: a liberal arts college which de-emphasizes the sciences may have a single Science department; an engineering university may have one department for Language and Literature (in all languages). Sometimes divisions may be finer: for example, Harvard University has separate departments of Organismic and Evolutionary Biology, Molecular and Cellular Biology, and Chemistry and Chemical Bio ...
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Doctorandus
Doctorandus (drs., ; ) is a Dutch academic title according to the pre-Bachelor–Master system. The female form is doctoranda (dra., though this abbreviation is no longer used). The title is acquired by passing the ''doctoraalexamen'', the exam which usually concludes university study. Some students will continue to do research under the supervision of a professor, which eventually allows them to obtain the title of doctor. In Dutch, the words ''doctoraal'' and ''doctoraat'' have different meanings, the first referring to the doctorandus, the second word referring to the doctorate phase or title. The word 'doctorandus' is based on the traditional principle that this degree is a prerequisite and intermediate step for obtaining a doctorate title. However, in the twentieth century the doctorandi have become considered to be graduates and when they can choose a scientific career, they do so usually as a paid '' promovendus'' and not as research students. An exception are medical studen ...
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Faculty (university)
A faculty is a division within a university or college comprising one subject area or a group of related subject areas, possibly also delimited by level (e.g. undergraduate). In American usage such divisions are generally referred to as colleges (e.g., "college of arts and sciences") or schools (e.g., "school of business"), but may also mix terminology (e.g., Harvard University has a "faculty of arts and sciences" but a "law school"). History The medieval University of Bologna, which served as a model for most of the later medieval universities in Europe, had four faculties: students began at the Faculty of Arts, graduates from which could then continue at the higher Faculties of Theology, Law, and Medicine. The privilege to establish these four faculties was usually part of medieval universities’ charters, but not every university could do so in practice. The ''Faculty of Arts'' took its name from the seven liberal arts: the triviumThe three of the humanities (grammar, rhetor ...
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