1. Welcome to Virtual Enterprises International
For New and Returning Students/Employees
Presented by: Name, Facilitator

2. What is VEI?

3. Overview Simulated business environment
- You interview for a position in the firm.
- You create/update our product line & vision.
Actual on-the-job work experience
- Work in departments/monthly tasks
- Buy from & sell to other firms
Tasks = real world relevance/careers
- Sales, Purchasing, Payroll, Marketing, etc.
- Apply concepts from other Business classes

4. International Network
42 countries, 7800 firms
U.S. is 6th largest and growing

5. 10,000 students, 500 firms, 350 schools,
The U.S. Network
Michigan
1st year: 1 firm (Owosso – O-Town)
2nd year: 13 firms
3rd year: 29 firms
This year: +11
10,000 students, 500 firms, 350 schools,
350 coordinators, 18 states

6. Students create and run their own businesses

7. Classrooms become simulated work environments

8. Students fill organizational roles such as CEO and HR Manager and serve as consumers for other VEI businesses
Emphasize that a key part of this is students are consumers in this economy.
They need to purchase from other firms!!!
Leading a project and/or team
Spending income on necessities and luxury items

9. Teacher as Facilitator•
“sage on the stage”
“guide on the side” •
Explain to students that this might be uncomfortable for some of them in the beginning.

10. Business Plan E-commerce Website Annual Report
Research
Plan
Present
Implement
Evaluate
Report
Business Plan
E-commerce Website
Annual Report
Research – for business plan, how to do things
Plan – Business Plan
Present – competitions, to business partners, at open houses
Implement – website, trade show and the day to day activities of running a business
Evaluate – look at your sales results, how did your actuals compare to projected?, web traffic, results of a cold call campaign
Report – annual report

11. VEI emphasizes learning in 4 key areas: Ownership Experiential Cooperative Reflective
To get to that Successful VEI Student, the VEI approach emphasizes learning in four key areas:
(Reference this from the pre-training activity where they should have found this on the About page of the website.)
1. Ownership: Students take responsibility for their own learning.
2. Experiential: Students’ learning is authentic and realistic.
3. Cooperative: Students learn with and from others and understand the dynamics of working part of a team.
4. Reflective: Students experience the consequences of their decisions and apply that learning to future challenges.

12. Daily Sample 90-minute Block Sample 45-minute Period
8:23 Arrival: Sign In, To Do list
8:28 Check in meeting w/ Chief, VP, or Team Lead
8:33 Break out meetings / Work
9:05 Debrief and To Do list
9:15 Break
9:20 Management Planning/Work
10:12 Dismissal
Sample 45-minute Period
8:23 Arrival: Sign In, To Do list
8:28 Check in meeting w/ Chief, VP, or Team Lead
8:33 Break out meetings / Work
9:05 Debrief and To Do list
9:15 Dismissal

13. Weekly Executive Meeting to identify Goals & Objectives for the Week
Status meetings to ensure progress
Summarize and Prioritize for the following week
Monday
Tuesday
Wednesday
Thursday
Friday
Admin
Meeting*
Work
Acct
Meeting
Sales HR
Design/IT

14. Organizational Structures
Chief s VP
Mgr
Asso c
Sales & Marketing
Accounting & Finance
Human Resources
Etc.
Admin
Functional/Hierarchy
Matrix/Team-based
Divisional/Large firms
Division 1
Sale s
Acct
Division 2
Division 3

15. Organizational Chart (CEO) (CFO) (CAO) Chief Executive Officer
Vice President of Sales
&
Marketing
Vice President of
Administration
Human Resources
Vice President
of Accounting of
Purchasing
Chief
Administrative Officer
(CAO)
Financial Officer
(CFO)
Department of
3-4 Employees
1-3 Employees
1-2 Employees
1-2
Employees
Vice President of Design
Layout
Web
Master

17. First 4 Weeks Orientation Prepare resumes & cover letters
Interview for positions
Business ideas and brainstorming
Training

18. Next 4 weeks Business Plan – due October 24th Create website
Department Tasks
Prepare for Trade Show & Competitions
Personal Finance & Budgeting

19. The rest of the year Day to day business activities and workflow
Trade Shows
Professional development
Department Manual
Annual Report
And more!

20. Assessment & Evaluation
Pre/Post Surveys
Pre/Post Assessment
Student Portfolios

21. Other Assessment Methods
Evaluations
Professionalism Rubric
Weekly activity Report
Purchase & Budget Reports
Individual and Group Projects
Professional Development Assessments

22. Students conduct business with other student-run businesses both nationally and internationally through the VEI Portal

23. Task Based Curriculum Orientation Tasks Department Tasks
Personal Finance Tasks

24. Resources Reference Files Submittal Forms Webinars & Tutorials
Look at Reference Files:
Show the link to the Annual Activities Map for VE Firms (above the accounting section)
Show a form from each section to show as an example or just point it out if we will be going over it later in the presentation.
Accounting: Accounting Department Workflow
Administration/HR – meeting minutes sample
Look at Submittal Forms –
- connect some of the forms to the location on the Annual Activities Map that we just discussed
Look at Webinars & Tutorials
- for students and facilitators

25. HANDOUT – ANNUAL ACTIVITIES MAP FOR VE FIRMS
Trainer: Make sure you review all items on this chart and describe them.
Explain fiscal year
Note: written bus. Plans are due 10/31 so this chart is not exact!! Follow this considering the Michigan specific timeline as well (will discuss at the end of the day tomorrow).
There will also be follow up reminders throughout the year from the State Coordinator, Cyndi Millns and from the Midwest Director, Cindy Boyd and her team: Penny Riddle (business plan every day duties) and Lisa Bonelli (bank, data portal, web issues)
We will refer to this document throughout the training-

26. Welcome to the firm!
For more information,
visit veinternational.org