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Page 1: Aiesec Booklet Mod
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SUMMARY

1. AIESEC INTERNATIONAL HISTORY

2. AIESEC WAY

3. LEADERSHIP

4. GLOBAL INTERNSHIPS PROGRAM (eXchange)

5. GLOBAL LEARNING ENVIRONMENT

6. AIESEC DIFFERENCE

7. AIESEC ROMANIA

8. AIESEC ARAD

8. AIESEC ACRONYMS

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History

What began in 1948 as an organization to help develop "friendly relations" between member countries is now a global association with activities in 107 different countries and territories.

The founding members of AIESEC started to build the organization between 1946 - 1948 but a clear identity was defined in 1948 and later in 1949 at the Stockholm Congress. 89 students participated in the Exchange Program in 1949 and exchange was defined as the core activity of the organization. In the coming years more and more countries joined the network and AIESEC became global in a very short period by being present on all the continents. Seminars were first introduced as part of trainees' reception experiences in a proposal from AIESEC in Germany in 1961. They were mainly economic in nature and for the first time, AIESEC was addressing specific issues in its activities-stated clearly in a non-political way. At the 1974 International Congress in Bordeaux, an important motion was passed: the minimum length of an Exchange traineeship had to be 6 weeks. This measure improved the quality of our Exchanges. In 1976 an International Theme Programme was established that focused all international, regional, and local seminars on specific topics. This idea continued and grew through various stages. After this the focus of the organization was on addressing global themes besides the traditional Exchange Program. Themes like International Trade, Management Education, Sustainable development, Entrepreneurship and Corporate Responsibility were discussed at local, national and global seminars. In the attempt to meet the challenges of tomorrow head on and become a change agent, AIESEC Global Seminar Series (AGSS) was initiated in 1988. This series of seminars was conducted with the objective of educating youth and gathering their opinions on issues related to sustainable development, such that they would be able to have an impact on society through their combined voice, and later in life as leaders. TODAY AIESEC has 60 years of experience in developing high-potential youth into globally minded responsible leaders. Present in over 107 countries and territories and with over 50,000 members, AIESEC is the world's largest youth-run organization. Focused on providing a platform for youth leadership development, AIESEC offers young people the opportunity to participate in international internships, experience leadership and participate in a global learning environment. What makes AIESEC unique is the youth driven impactful experience that it offers to its members. AIESEC is run by young people for young people, enabling a strong experience to all its stakeholders. Our members are part of an exciting, driven global network. They are able to contribute to societal change while exploring their own vision for a positive impact on society. We are supported by thousands of partner organisations around the globe who look to AIESEC to support the development of youth and to access top talent through our global internship program.

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Our alumni are leaders within their organizations and communities. They use the

experience, skills and inspiration AIESEC has provided them to be agents of positive change within today‟s society.

Timeline 1946 A precursor to AIESEC, called AIESE, is formed at an international meeting of

students in Liege, Belgium

1949 Official statutes of AIESEC adopted at Stockholm Congress Exchange of first 89 students

1951 First international study tour (Scandinavia)

1953 Co-operation established with International Chamber of Commerce and UNESCO

1955 Traineeships break the 1000 mark

1957 United States joins as first non-European country

1958 First International Presidents Meeting

South Africa joins AIESEC as first African country and Venezuela as first in South America

1961 Establishment of permanent secretariat in Geneva

1963 First Congress in North America, Princeton 1963, ends with White House reception by President Kennedy

AIESEC extends to Asia with the inclusion of Korea and Japan

1964 Pope Paul VI receives the delegates of the 16th International Congress in Rome

1965 With Australia joining, AIESEC is now on all inhabited continents. Czechoslovakia joins as first country behind the "Iron Curtain"

1966 Co-operation with Swiss Bank Corporation starts

AIESEC co-sponsors "Education for International Business" conference in Switzerland, forerunner for the International Theme Programme

1967 First Seminar Traineeship Programme is held

1969 First time a computer is used to exchange students ITOMS (International Transfer of Management Skills) world conference is held in Turin, Italy

1970 Lufthansa joins AIESEC International as official carrier

1972 "Extension and Consolidation" programmes begin as aid from developed to developing countries in AIESEC

1974 Minimum allowable length on AIESEC traineeships is increased to six weeks to ensure quality

1976 "Management Education in the 80's" is adopted as the first International theme for 1976-78

1977 Concept of the "Leadership Development Seminar" is formulated First "Export Mission" is undertaken by France

1980 Theme of "Energy: A Factor in the World Economy" is chosen at the World Conference in 1980

1982 "Meeting the Challenges of the Information Age" is chosen as international theme for 1982-1984

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1985 AIESEC decides to improve the relationship with the People's Republic of China "Services: a Dynamic Forces in Tomorrow's Economy" chosen as international theme 1985-87

1986 Refusal by the Swedish authorities to grant visa for the South African delegation to International Congress feeds debate on non-political nature of AIESEC 1st AIESEC Alumni congress held in Hungary.

1987 International theme - "Towards a global economy: The Challenge of co-operation" chosen for the years 1987 to 89.

1988 Launch of AIESEC Global Seminar Series( AGSS) under theme of "Our common future: The challenge of co-operation"

1990 Launch of the first "Global Theme Programme" with theme "Entrepreneurship and Corporate Responsibility"

1991 New global logo is introduced "Youth Action Guide on Sustainable Development" is published

1992 The Global Theme for the year 1992-1994 is adopted: "Education towards International and Cultural Understanding" AIESEC sends a delegation to the Earth Summit in Brazil (UNCED)

1993 "Corporate Responsibility & Entrepreneurship, A Youth Insight" is published

1994 "Education and the 21st Century Citizen - A Youth Action Guide" is published

1995 AIESEC attends the World Social Summit (WSSD) in Copenhagen

1996 Lufthansa sponsors an exclusive flight for over 300 delegates to travel for Congress in Warsaw, Poland. First paperless matching of traineeships. Global Theme is adopted: "Interdependence Learning and Acting for a Shared Future". AIESEC attends Habitat II meeting in Istanbul

1997 Matching of traineeships goes online with launch of "Insight" global information system

1998 AIESEC International relocates to Rotterdam

Launch of AIESEC Learning Tool

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AIESEC in numbers

1948 The year AIESEC was founded

50.000 members

The number of young people who are currently experiencing AIESEC.

107 countries/territories

The number of countries and territories all around the world where AIESEC is present.

1.700 universities

We are currently present in over 1700 universities Although we have 800 Local Committees, many Local

Committees have presence in numerous universities. Given the latest internal data (June 2009) on number of universities we

have presence on.

470 conferences

We run more than 470 conferences each year at national, regional and global level

The biggest AIESEC conference is the International Congress (IC) with more than 600 young people and 200 organizations

involved from all around the world.

10.000 exchanges

We provide unique exchange experiences for over 10.000 youth annually and plan to have more!

4.000 partners

We partner with 4.000 organizations globally These include sponsors, internships providers and others.

8.300 leadership

opportunities

Each year, over 8.300 leadership opportunities are available Youth around the world engage in all sorts of projects in leading a team of at least three people for more than three months. This

number is constantly increasing.

800.000 alumni

We have impacted over 800.000 people in society through AIESEC

This number is calculated taking into account an average of 15.000 members per year throughout our existence.

800 LC's

We have 800 Local Committees As you can see from the number above, many Local

Committees are covering several universities.

6 Growth Networks

Our network is divided into six Growth Networks Asia-Pacific, Middle East and North Africa, Western Europe and

North America, Central and Eastern Europe, Africa, Iberoamerica

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The AIESEC GN’s

CEE MENA WENA AF AP IA Armenia Algeria Austria Botswana Afghanistan Bolivia

Lithuania Bahrain Belgium Cameroon Australia Brazil

Macedonia, Fyro Egypt Canada Cote D’ivoire Bangladesh Central America South

Azerbaijan Iran Denmark Ghana Hong Colombia

Moldova Jordan Finland Kenya Kong Dominican Republic

Bosnia - Herzegovina Morocco France Nigeria India Ecuador

Mongolia Oman Germany Rwanda Indonesia El Salvador

Bulgaria Tunisia Greece Senegal Japan Guatemala

Poland Qatar Italy South Africa Korea Mexico

Croatia UAE Norway Tanzania Mainland Peru

Romania

Portugal Togo China Portugal

Czech Republic

Spain Uganda Malaysia Puerto Rico

Russia

Sweden Zimbabwe New Southern Cone

Estonia

Switzerland Angola Zealand Spain

Serbia

United Kingdom Benin Pakistan Venezuela

Georgia

Ethiopia Philippines United States

Slovakia

Gabon Singapore

Hungary

Mozambique Sri Lanka

Slovenia

Taiwan

Kazakhstan

Thailand

Tajikistan

Vietnam

Kyrgyzstan

Tunisia

Latvia

Turkey

Ukraine

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VISION: Peace and Fulfillment of Humankind's Potential Peace: Not just absence of war, but a world that does not have conflicts that arise from cultural, religious, perceptional or other aspects of differences in humanity. Fulfillment of Humankind's Potential: Aim to develop individuals who have the knowledge, skills and determination to bring more development to the world.

How is this Enacted?

Our 6 Values provide a way for the collective leadership of AIESEC to encourage

common norms of behavior across our global network which will support the achievement of our goals and will support us in pursuing our ideals.

1) Activating Leadership

We lead by example and inspire leadership through actions and results. We take full responsibility for developing the potential of other people.

2) Demonstrating Integrity

We are consistent and transparent in our decisions and actions. We fulfill our commitments and conduct ourselves in a way that is true to our ideals.

3) Living Diversity

We seek to learn from the different ways of life and opinions represented in our multicultural environment. We respect and actively encourage the contribution of every individual.

4) Enjoying Participation

We have a dynamic environment created by active and enthusiastic involvement of individuals. We enjoy being involved in AIESEC.

5) Striving for Excellence

We aim to deliver the highest quality performance in everything we do. Through creativity and innovation we seek to continuously improve our results.

6) Acting Sustainably

We act in a way that is sustainable for our organization and society. Our decisions take into account the needs of future generations.

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Our IMPACT

So, the role of AIESEC is ACTIVATING LEADERSHIP.

The WAY we do it

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Leadership in AIESEC

Leadership plays an important role when an organization strives for the fulfillment of its vision. AIESEC ties in with the idea and provides a platform for young people to let them explore and develop their leadership potential towards making a positive impact on society.

The organization with its huge global network of 50000 committed students in over 110 countries offers you more than 5000 practical leadership opportunities each year and helps its members to develop functional competencies and soft skills through a customized learning experience called “The AIESEC way”. With the help of workshops, trainings and individual learning plans members receive support on their way to grow as a person and become a future leader. Being part of a team on the local, national or international level and leading individuals AIESEC offers its members a high number of diverse leadership positions. An example of available leadership positions in AIESEC are: Leading a team of individuals to:

Sell the exchange program to corporate clients Run an exchange project on a relevant social issue Run a recruitment process Put new members through the induction process Organize a learning activity for members Organize a conference for 20 to 300 people

Be a part of a local leadership team that:

Organizes 15-60 volunteer members Manages a budget Services 5-15 companies and NGOs Runs a strategic planning process for the year Participates in national discussions on strategy Trains at local and national events

Be a part of a national or international team that:

Manages AIESEC at 4 to 50 different universities Develops the agenda and delivers training at conferences with up to 300 people Sells and manages major partnerships with companies and organizations Represents a country at AIESEC conferences Leads the development of a national long-term plan Leads the develop of national strategies for different functional areas

Functional Skills:

Sales and Marketing Strategic Planning Human Resources Budgeting/Accounting Project Management

Soft Skills:

Team management Public speaking and presentation Cross-cultural awareness Training and facilitation

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eXchange History

In the early years of the Association Internationale des Etudiants en Sciences Economiques et Commerciales1

(AIESEC), activities regarding exchange

consisted of traineeships, study tours and the exchange of information on studies. Traineeships were organized during the months of November or December through careful selections by the 'local committees' (groups of AIESEC members) and training occurred during the following summer. „Receiving Committee' members of the host country played a role, completing the whole experience by serving as a point of contact for trainees with the economic and cultural life of the locality.

Efforts by the association for better organization could also be witnessed after the congress in Copenhagen (1952) addressing uniform procedures and employment contracts for exchange.

Development of exchange was progressing well with an annual growth of 22% but there was a mounting concern for the quality of exchanges and thus the AIESEC Summer School Training Programmes (SSTP) were introduced in 1966.

It was a movement of expansion from the „traditional' traineeship exchange programmes and gave more meaningful experiences to the exchange participant. SSTPs engaged a limited amount of selected trainees, each undergoing unique training and education but in a common field or topic on a project. Every week they took time off from their firms to meet for lectures and group discussions and at the end of their traineeship period, joint and individual reports were produced. By the end of 1969, 22 SSTPs were successfully carried out in eleven different countries.

A shift of focus to member education and talent development to prepare AIESEC members for a future in the business environment occurred in the 1970's. Alignment of the global association as a whole led to the emergence of International Theme Programmes (ITP). Henceforth, these became a formal part of AIESEC.

1 Nowadays, the french acronym AIESEC is no longer used by the organization, since in the history AIESEC expanded to other

backgrounds different to Economic and Commercial Sciences. Please use AIESEC simply as is.

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Advancements in Information technology in the 1990's saw the ongoing development of communication and exchange tools. The emergence of the AIESEC Global Information Systems (AGIS) embraced new internet technology to connect operations across the globe. Such changes meant that not only was the International Traineeship Exchange Program, (ITEP) managed online, but also a large portion of local committee budgets were now freed up from the costs of physical communications. AGIS would later become known as "Insight". Insight had the advantage of using the internet to send data, and continuous matching was able to take place, (previously matching was done at specified times.) The introduction of Issue-Based Experiences (IBXPs) began as a way to ensure that young people who have identified a passion for a particular issue have the chance to live an experience that not only enables them to gain general leadership skills, but also expertise on a particular issue. This process supplements what AIESEC offers to its members; experiences to support them in developing needed competencies to lead positive change and a strong interest and knowledge in one of the key topics of the world that needs positive leadership.

In 2011 the eXchange program was renamed to Global Internships Program in Romania not to be confused with other types of exchange.

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Timeline Year eXchange purpose and types

1948 150 exchanges

To establish and promote friendly relations between the members.

Study tours, cultural tours

1964 2500 exchanges

Increasing Diversity and improving international understanding :

Students in Study Tours

1978 3500 exchanges

To develop a new generation of managers with international understanding

Traineeship exchanges

Activities on management

1989 6000 exchanges

International understanding and cooperation of countries and communities.

Traineeship eXchanges

Social based projects

1999 1000 exchanges

By developing individuals we contribute to the development of our communities with an overriding commitment to international cooperation and understanding

Traineeship eXchanges

Learning activities

2005 4000 exchanges

Our international platform enables young people to discover and develop their potential to provide leadership for a positive impact on society.

Traineeship eXchanges

Learning activities

2011 14511 exchanges

AIESEC is the international platform for young people to discover and develop their Leadership potential

International internships

Global Learning environment

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AIESEC Internship Types

Management Internships The Intern spends time working in areas related to Management. These areas may include business, administration, finance, accounting, marketing, project management, organizational management and human resources. Technical Internships Has to be based on work in areas related to Information Technology or Engineering. The Intern spends the majority of their time in one or more of these areas; web development and management, software development and programming, system analysis and design, network management, database management and engineering. Development Internships The intern has a direct interaction or working on the development of an unprivileged group of persons or community. Majority of the work has to be based on areas related to community development issues. Education Internship It involves the majority of time being spent either teaching a language, teaching a subject, or another aspect of education including curriculum development, character education, cultural interaction and perspective promotion in academic fields and sectors. The intern must have the academic and working backgrounds in the field of education and training.

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Global Learning Environment

Individual discovery – Are you aware of who you are? What do you want in life? What makes you happy? What makes you vibe? Our actions help you to discover the sense of your life and guide you towards the best decisions in your personal and professional opportunities. Team Experiences - Teams are the basis of our current organizational structure. You can be part of teams from 4 members to lead the organization to over 35,000 members. Our teams‟ experiences are comprised of a common goal, plan, specific period of time and constant evaluation and recognition of success. You can manage projects, manage organizational processes and operations, organize events and much more. Teams also bring forward the aspect of ‘learning by doing’ Mentoring – Mentoring relationships provide an important source of external feedback –with other AIESEC members or AIESEC partners/supporters- about your decisions in AIESEC and outside of AIESEC. Through mentoring we create friendly relationships among all of our stakeholders and powerful networks. Virtual Spaces - Our virtual spaces play the role of tying together the entire learning environment and AIESEC network. MyAIESEC.net is our unique online platform of resources, contact information, forums, news, classifieds and constant promotion of exchange and leadership opportunities at a local, national and international level. At the same time, AIESEC is present in the main online channels such as Youtube, Flickr, Facebook to keep you connected to your AIESEC friends in all parts of the world. Conferences and Seminars - AIESEC holds over 470 national and international conferences every year which gather AIESEC members, partners, sponsors, alumni, etc. These conferences currently serve to support major organisational activity. You can either attend or organize these conferences in your city/country and receive AIESEC members from all over the world. Learning Circles - AIESEC Learning Circles are local learning communities to discuss and share information about issues or topics that are common between members, partners or sponsors. The learning circles –virtual and physical- are formed by AIESECers who share a common interest in gaining experience, knowledge and networks in a common sector or topic.

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The AIESEC Difference

Our innovative approach to developing young people focuses on taking a proactive role, developing self-awareness and a personal vision, building networks, and developing capacity to drive change. The AIESEC platform allows individuals to craft their own experience through the available opportunities. The result is typically a 1-5 year experience that produces individuals with the following skills and experiences: 1) Leadership Experience Through the management of over 700 offices at the local, national, and international level, AIESEC members have the opportunity to lead teams in different areas, do planning, take decisions, speak in public, and turn their ideas into action. AIESEC members are oriented to enter situations with the intention to make things happen. 2) Multi-Functional Skills AIESEC members get practical experience in all facets of running an organization, including sales and marketing, customer servicing, recruitment, evaluation, budgeting, planning, project management, presentation skills, and more. Practical experience in such a broad range of areas is unique while still in university. 3) Effectiveness The way we run a global organization with such an impressive scale of programs and almost 100% turnover is through an incredible commitment from our membership. AIESEC members invest between 15-30 hours a week in the organization while also managing university, part-time jobs, family, and friends. They learn how to manage their time, set priorities, and multi-task. 4) Global and Diversity Through the management of our exchange program and interaction on our global on-line platforms, the average AIESEC member is working and communicating every day with people from all over the world. Nearly all AIESEC members speak more than 1 language and have an international experience. AIESEC members learn how to work effectively in diverse environments and see things from a global perspective. 5) Self-Awareness With a focus on reflection, AIESEC provides space and support for individuals to do goal-setting, personal awareness exercises, and personal vision development. Pushed by an inspiring environment, AIESEC members develop a strong sense of who they are and the role they would like to play in the future.

_______________________________________ This is the AIESEC Difference – what gives people with AIESEC experience an edge over other young people and what drives them to play valuable roles within their workplaces and communities.

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AIESEC ROMANIA

In Romania, AIESEC has been actively involved in the education and career orientation of young people for almost 20 years. One of AIESEC‟s greatest strengths is our ability to bring together young people and partner organizations from all over the world through internships, conferences and our global learning environment. Our membership base consists of more than 1,000 young people in over 40 universities in 15 cities from Romania. Local offices are managed by students or recent graduates. AIESEC is run by youth, for youth. Together, the network manages relationships with well over 550 partners, facilitates more than 600 internships and 700 leadership roles. AIESEC in Romania was born in March 1990, when a team from Austria came to our country with the intention of founding AIESEC Romania. From that moment until today, 13 cities host AIESEC. Among those, there are Braşov, Bucureşti, Constanţa, Cluj-Napoca, Craiova, Galaţi, Iaşi, Oradea, Piteşti, Ploieşti, Sibiu, Timişoara and Târgu-Mureş. In 2010, AIESEC Romania expanded its national network in Arad and Suceava.

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We, AIESEC Arad

AIESEC ARAD exists as an organization since September 2010. Our main mission is to develop young people professionally and personally, as well as the local business and social environment through projects, educational opportunities and international experiences.

The projects initiated and coordinated by AIESEC Arad are based on a series of issues like the environment, sustainability, education, IT and branding. They are established according to the identified needs of the society and of young people, and aim at providing the best opportunities for the young, both theoretical and practical ones.

Departments

Talent Management

The Talent Management department‟s main role is maintaining the organizational climate and an efficient internal communication. Its activity consists in coordinating the recruitment, developing members‟ potential and performance and their evaluation. Keeping the members motivated and the coaching are also part of the department‟s functional systems in view of a more continuous development.

OutGoing Exchange

The department‟s activity is represented by the eXchange programme, which offers young people the opportunity to choose an international internship. This way, multiculturalism is promoted as an element of the personal and professional development of the members. The department uses the AIESEC platform for the search of the most adequate internship for each member and makes sure that he/she has an interesting experience, being there for him/her throughout his/hers entire eXchange period.

InComing exchange

This department deals with all the internal tasks that need to be accomplished in order for the internationals who come in eXchage in Arad to have a memorable experience. The team‟s aim is to offer them a relevant work experience, the program being sold to companies and other non-governmental organizations. This implies finding the most suitable persons that can contribute to the quality of the experience.

Communication

The Communication department has as main objective creating and maintaining AIESEC‟s image by means of the projects and the events organized in which the local committee is involved. The team contributes to this objective by the work done on one of the four sub-areas of the department, which are public relations, events, design and information systems and knowledge management. The first one deals with the written texts , for promotional materials and the media, the second one with the organization of the events, the third one

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with all related to design and the last one with the informational systems, in physical and structural format.

Finance

This department is responsible for the financial resources management in AIESEC Arad. It deals with three sub-areas such as accountancy, financial management and legislation. The main activities are accountancy, the creation of budgets, financial analysis, control and evaluation, all contributing to the organization‟s sustainability.

External Relations and eXchange

The External Relations department is in charge of contacting the companies interested in supporting AIESEC projects and activities and maintaining the relations with the economical, local and national environment. Our main activity is to search for the interested companies to get involved in our projects and to take international interns and obtain feedback concerning our activities for the local committee‟s activity to be relevant for the exterior as well.

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AIESEC Acronyms

AIESEC and AIESECers make use of many acronyms and abbreviations in everything from

written communications to daily conversation. These acronyms help shorten many technical

terms used by AIESEC chapters worldwide.

@ Symbol internationally known as AIESEC

AC Assessment Centre

ADAPT AIESEC Development Assistance Program for Trainees

AI AIESEC International

AP Asia-Pacific (GN)

AR Alumni Relations (Portfolio)

BOA Board of Advisors

BOD Board of Directors

CC Congress Committee

CCP Congress Committee President

CD Corporate Development (Portfolio)

CEE Central & Eastern Europe (GN)

CEED Cultural Envoy for Exchange Development

CEEDer A CEED participant

CIDA Canadian International Development Agency

COMM Communications (Portfolio)

CSR Corporate Social Responsibility

DT Development Traineeship

EB Executive Board

EP Exchange Participant (formerly known as SN)

ER External Relations (Portfolio)

ET Educational Traineeship

Expro Exchange Projects Conference

F Finance (Portfolio)

FACI Facilitator

GA General Assembly

GIP Global Internship Program (formerly known as ITEP

GM General Meeting

GN Growth Network

HFTF Heading for the Future (stage)

HR Human Resources

HRDC Human Resources Development Canada

I2A Introduction to AIESEC (stage)

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IBXP Issue-based experience

IA Ibero America (GN) (formerly known as Spanish-Speaking GN)

IC International Congress

ICX Incoming Exchange (Portfolio)

IPM International President’s Meeting

IS Information Systems

ITEP International Traineeship Exchange Program (now know as GIP)

LC Local Committee

LCP Local Committee President

LPG/LSG Local Partner Group/Local Sponsor Group

LR Leadership Role (stage)

MC Member Committee

MCP Member Committee President

MCVP Member Committee Vice President

MD Member Development (now known as TM)

MENA Middle East & North Africa (GN)

MT Management Traineeship

NC National Congress

NLDC National Leadership & Development Conference

NOGX National Outgoing Exchange Conference

NPG/NSG National Partner/Sponsorship Group

NPM National President’s Meeting

OC Organizing Committee

OCP Organizing Committee President

OGX Outgoing Exchange (Portfolio)

OPM Ontario Presidents’ Meeting

ORC Ontario Regional Conference

PBOX Project Based on Exchange

QO Quebec/Ontario Conference (sometimes written as OQ)

QRC Quebec Regional Conference

PR Public Relations

RB Review Board

SN Student Nominee (now known as EP)

TN Traineeship Nominee

TM Talent Management (Portfolio) (formerly known as MD)

TR Taking Responsibility (stage)

TT Technical Traineeship

VP Vice President

WENA Western Europe & North America (GN)

WRC Western Regional Conference

X Internationally Recognized symbol for Exchange