The Business Department of Alvernia University is once again offering an opportunity for 50 registered Boy Scouts to earn their Personal Management Merit Badges through a full day workshop on Saturday, August 14. After the workshop, Scouts will complete a 13 week-long assignment related to personal budgeting, and present their work during a second session at the end of the fall semester.
Alvernia’s Business Department embraces the Catholic, Franciscan tradition and believes that it is important to view today’s business world from both practical and ethical standpoints. “Ethics based life-long learning can help individuals make a difference in the world around them,” says one professor.
“The Personal Management Merit Badge helps Scouts to map a life plan,” says Troop 149 Scout Leader Michael Bashore. “It involves setting short-range and long-range goals and investigating different ways to reach those goals. Education, training, and experience all help make goals become a reality.”
To earn the badge, each Scout will prepare and track a budget reflecting home income. They will learn the differences between saving and investing, the concepts of return on investment and risk, and the concepts of simple interest and compound interest and how these affected the results of their investment exercise. After the 13-week exercise, the Scouts will return to campus to present their results to Alvernia professors and Scout leaders.
According to the Boy Scouts Hawk Mountain Council, “To achieve their goals, Scouts will choose the best path and make a commitment to it, while remaining flexible enough to deal with changes and new opportunities.”