It can be argued that businesses that have the largest possible market have the greatest potential to make a positive, long-lasting impact in the world. Also, in order to be successful in today’s business world, it is important that students interested in pursuing entrepreneurial ventures (or careers in business) be exposed to cultural practices different from their own.
A SAGE team has many possible people with whom to network: university students, business and civic leaders, and SAGE students from other countries. SAGE cuts across boundaries between secondary education and higher education; between education and business; between business and government; and, most importantly, between countries. One of SAGE’s goals is to give all participants a global perspective along with local insight.
Your network is valuable, and provides an important source of “social capital.” Through SAGE all participants can increase the value of their networks.
Have you ever heard of Metcalfe’s law? This law says:
“Take the number of people in your relevant network and square it. This is the value of your network.”
For example, if there are 20 people in your network, its value is 400. If you add one new member, the value doesn’t go to 21 or 401. It goes to 21 * 21, or 421.
For businesses operating in a global economy, it is important that they are aware of key policymaking organizations and trade coalitions, such as the International Monetary Fund, the World Bank, the World Trade Organization, the United Nations, the International Labor Organization, and trade coalitions such as the European Union, NAFTA, CAFTA and ASEAN.
One goal of the SAGE program is to build international linkages between SAGE teams. Specifically, with existing technology SAGE has created a network among domestic business, international business, higher education and teenagers. It is vital for SAGE students to have ample opportunity to learn entrepreneurial skills, while at the same time learn how international trade directly affects many aspects of their lives (e.g., from purchasing decisions to career choices). SAGE judges will rate teams more highly if they can demonstrate positive social impact on the widest possible scale. Teams that incorporate a national or global dimension into existing activities can convince judges that they have acquired a deeper awareness and appreciation for conducting business in a market other than one’s own local market.