The Mini-Company Program helps young Filipinos appreciate and understand better the role of business in the society by allowing them to organize and operate an actual business enterprise. For a ten-month period 3rd and 4th year students from various colleges organize and operate their own mini-company and go through the different steps involved in setting up and closing a company. These steps include capitalization, registration, corporate visioning, election of directors and officers, research and product development, manufacturing, marketing, maintaining a financial record system, preparing of an annual report, distribution of wages and salaries, dealing with taxes, and eventual liquidation of the company. Students assume leadership roles in their companies and perform all functions of business. Each company is guided by 3 advisors (production advisor, finance advisor, and marketing advisor) who in turn are guided by the JA program manual and by their personal knowledge and experiences in the field of business. Through this hands-on approach, students not only learn how businesses function, they also learn about the structure of the Philippines’s free enterprise system and the benefits it provides. Students are left with the valuable skills of critical thinking, leadership, motivation, and application of economic theories to real life business decisions.
Since its introduction in 1969, 25,000 students have graduated from the Mini-Company Program. At the end of each year, the mini-company program is culminated by the Awards Night wherein student-achievers and advisers are recognized for their exemplary performances.