The Kaplan Group Annual Scholarship
For over 20 years, The Kaplan Group has had extensive experience solving problems and negotiating B2B transactions for clients large and small. Now, we want to give back. We see value in continuous education and helping students grow.
Because of this, The Kaplan Group is offering a $1,000 scholarship to any undergraduate or graduate student pursuing a business or law-oriented degree program.
- Deadline for Entry: Sunday, July 17, 2016
- Scholarship Award Date: Tuesdsay, August 23, 2016
- Number of Winners Selected: 1 winner of a $1,000 scholarship
- Minimum GPA Requirement: 2.50
- Eligible Fields of Study: MBA, Finance, Accounting, Law, Management, Entrepreneurship, Economics, Business Administration.
- Eligible Schools: Any accredited 2 year or 4 year college or university in the USA including graduate programs
Please choose one of the two 600 word essays below to complete the application.
Submit your essay as a PDF with a title page including the following information:
- Field of Study
- Year of School
- Phone Number
- Email Address
- Name your essay file as follows:
- lastname-firstname-essay-1.pdf (for essay #1)
- lastname-firstname-essay-2.pdf (for essay #2)
Email your application to firstname.lastname@example.org
Complete the short survey linked here (survey is required but not used in the scholarship decision process).
Topic 1 – Financial Statements & Business Models
Understanding how to view and analyze a financial statement is one of the most fundamental skills necessary to succeed in business.
In 600 words, please tell us about a past business you have worked for and which financial statement you think is the most important to their business and why.
Feel free to refer to our Introduction to Financial Statement Analysis modules if you need to learn more or brush up on your financial statement basics.
Topic 2 – Should You Sue Your Customer?
Customers are the lifeblood of every business. We work day after day to find, attract, and retain our customers.
But what happens when the customer does not pay and you get stiffed with the bill?
As a B2B collection agency, The Kaplan Group sees these situations daily. Unfortunately, the alternative of going to court needs to be considered in many of the claims placed with our collection agency. Often times these neglected invoices can be collected without relying on the legal process, but unfortunately some of our clients eventually face the decision of whether or not to sue a customer that is long past due on payments.
To address this type of situation, we created a flowchart that answers the question: “Should you sue your customer?”
Please review the flowchart and write 600 words telling us each of the following:
- One situation where you SHOULD sue your customer.
- One situation where you SHOULD NOT sue your customer.
In each scenario, explain what major factors you considered when determining whether or not to pursue a lawsuit. Be creative – simply repeating what is in the flowchart will not result in a winning essay.