1 December 2009 Welcome to our Virtual Economy Presenter: Judy James

2 December 2009 A simulated business environment designed to train and equip students with real life employability skills Students run and work in their own virtual enterprise company trading with other virtual enterprises and completing competencies through their daily work activities Particularly successful program for VCAL, disengaged students What is a virtual enterprise?

3 December 2009 Scandinavia 276 Australia 107 Brazil 98 Argentina 30 USA 309 Canada 43 China 46 South Africa 4 Europe 2850 Great Britain 24 Eastern Europe Where are virtual enterprises located?

4 December Virtual Enterprise Australia

5 December 2009 Teachers take on a different role – that of workplace facilitators Emphasis is on changing the student from a dependent learner into a proactive and self- directed learner By providing activities that engage the student, they become motivated and move towards ownership of the VE and their individual role in ensuring its success Teacher role

6 December 2009 In virtual enterprise, your students will: Gain hands on practical experience Develop essential employability skills Work in a real business environment Gain customer service skills working with real clients Trade with many other VEs in Australia (and globally) Develop confidence and initiative Increase communication and teamwork skills Be mentored a by real business partner Enjoy their learning! All in a fun, innovative and engaging learning environment!!! Student participation

7 December 2009 Provide a brief ‘taster’ of work in a simulated business environment You will buy and sell from your colleagues in other virtual enterprises! This trading procedure: is the basis for all business activities and underpins the virtual enterprise economy introduces you to: –the trading cycle –the steps to be followed –the documentation required to trade with other virtual enterprises. Purpose of this workshop

8 December 2009 Today you are an employee of a virtual enterprise You are asked to take a position in a virtual enterprise and represent them while you trade with other virtual enterprises Each virtual enterprise will be given the documentation required to trade with the other virtual enterprises Your mission!

9 December 2009 Stationery Express Virtual Enterprise A stationery supply company proudly selling paper, pens, diskettes, post-it notes, envelopes, file and file accessories plus specials that are published monthly. Offices ‘R’ Us Virtual Enterprise Specialises in the selling of top quality office furniture ranging from reception desks, workstations, filing cabinets and bookshelves. ImagePlus Virtual Enterprise Offers services in marketing and developing a ‘web’ presence to help with developing a business and marketing plan or creating that all important web site. Virtual Enterprises

10 December 2009 Essential Books Virtual Enterprise A leading bookstore in the Network with an extensive range of business, fiction and non-fiction books. Computing Concepts Virtual enterprise Offers a range of computers including desktops, notebooks and the latest printers and software designed for advanced productivity applications. Virtual Enterprises

11 December 2009 Observer Administration Officer Sales & Marketing Officer Finance Officer Accounts Receivable Finance Officer Accounts Payable Purchasing Officer Positions

12 December 2009 Using the trading cycle: Follow the standard procedures for buying and selling to other VEs Pay the bills Bank the takings for the day Report back to the whole group Your activities

13 December 2009 How could you use a Virtual Enterprise in the delivery of your program? Using the workshop analysis handout, list: The business skills you acquired The employability skills you used Competencies or program you could deliver in the Virtual Enterprise Workshop analysis

14 December 2009 Thanks for listening! Judy James Network Project Manager Virtual Enterprise Australia Tel: Any questions?