An Overview of the VEI Program...An Overview of the VEI Program veinternational.org The Business...

An Overview of the VEI Program

Augustus F. Hawkins High School

For New and Returning Coordinators

Presented by: Nick Chapman, National Program Director June 9th, 2014

An Overview of the VEI Program

veinternational.org

Agenda

What is Virtual Enterprises International? – Major Program Components

VEI Firms & Networks

VEI Simulated Workplace – Career Preparation, Classrooms to Offices, Teacher as

Facilitator, Business Partners, Successful Student

VEI Program Implementation – The Business Plan, E-commerce Website, Trade Shows, Annual

Report

Curriculum & Assessment

An Overview of the VEI Program

veinternational.org

Virtual Enterprises International is an in-school, live,

global business/workplace simulation.

An Overview of the VEI Program

veinternational.org

Students create and run their own businesses

An Overview of the VEI Program

veinternational.org

Classrooms become simulated work environments

An Overview of the VEI Program

veinternational.org

Students conduct business with other student-run

businesses both nationally and internationally

through the VEI Portal

VEI Student Firms

An Overview of the VEI Program

veinternational.org

California-based firm that provides sustainable rooftop gardens.

An Overview of the VEI Program

veinternational.org

New York City-based entertainment and advertising firm.

An Overview of the VEI Program

veinternational.org

South Carolina-based artisan confectionary manufacturer and retailer.

An Overview of the VEI Program

veinternational.org

500 firms across 27 product and service categories

VEI Networks

An Overview of the VEI Program

veinternational.org

The U.S. Network

10,000 students, 500 firms, 350 schools,

350 coordinators, 18 states

An Overview of the VEI Program

veinternational.org

International Network

1261

973

720 700

579

438

362 351

272 235

191 185 143 121

Romania Austria Slovakia China Germany U.S.A. Czech Republic

Bulgaria Belgium Brazil Italy Spain Serbia Russia

VEI Firms/Practice Enterprises per Country

Source: Europen-Pen International Official Website

42 countries, 7800 firms

U.S. is 6th largest and growing

VEI Simulated Workplace

An Overview of the VEI Program

veinternational.org

VEI is Career Preparation

An Overview of the VEI Program

veinternational.org

“Learning Through Work”

• Apply learning through practical experience that develops knowledge and skills necessary for success in careers and postsecondary education

• Sample Student Learning Outcome – Student builds effective collaborative working relationships with colleagues and customers

– Able to work with diverse teams

– Contributing appropriately to the team effort

• An Experience Differentiated by: – Direct interaction with partners over time

– Application of skills transferable to a variety of careers

– Activities have consequences and value beyond success in the classroom

– Learning for student and benefit to partner are equally valued

• Experiences might include: – Integrated project with multiple interactions with professionals

– Student-run enterprise with partner involvement

– Virtual enterprise or other extended online interactions with partners

– Projects with partners through industry student organizations

– Service learning and social enterprises with partners

– Compensated internship connected to curriculum

An Overview of the VEI Program

veinternational.org

The VEI “Classroom”

• An office instead of a classroom

– Networked computer workstations

– Workgroup clusters of furniture

– Conference table and chairs

An Overview of the VEI Program

veinternational.org

Teacher as Facilitator

• VEI is a student-centered approach

– Emphasis on project-based, collaborative learning

• Primary responsibility to facilitate and direct student

learning, not deliver a prescribed daily lesson

“sage on the stage” “guide on the side”

An Overview of the VEI Program

veinternational.org

The Role of Business Partners

• Essential to the VEI program

• Connect students with the real world of business

• Partners provide guidance, resources, curriculum

development, opportunities and advocacy

– Ex: Site visits, job shadowing, mentoring, work samples,

internships

An Overview of the VEI Program

veinternational.org

The Successful VEI Student

Implementing the VEI Model

An Overview of the VEI Program

veinternational.org

VEI emphasizes learning in 4 key areas:

Ownership Experiential Cooperative

Reflective

An Overview of the VEI Program

veinternational.org

What does a VEI firm do?

Research

Plan

Present

Implement

Evaluate

Report

The Business Plan

Research

Plan

Present

An Overview of the VEI Program

veinternational.org

The Business Plan

• Every firm is required to write a comprehensive and

professional business plan

– Outlining the goals and objectives of the firm

• Regions conduct local Business Plan Competitions

– Winning teams qualify for Nationals

• Culminates in a National Business Plan Competition

– Held in NYC during the Youth Business Summit

Research

Plan

Present

Implement

Evaluate

Report

An Overview of the VEI Program

veinternational.org

What does a VEI firm do?

Research

Plan

Present

Implement

Evaluate

Report

E-Commerce Website

Implement

An Overview of the VEI Program

veinternational.org

E-commerce Website • All firms have an e-commerce website

– Provides information about the firm & program

– Product/Service descriptions & pictures

– Online shopping cart utility or ordering procedure

• Introducing the “Better Business Rating”

– Firm websites will be rated by “mystery shoppers”

– Similar to star ratings on Amazon.com

– Based on ease of use, customer relations, turnaround time, etc

Research

Plan

Present

Implement

Evaluate

Report

Trade Shows

Implement

An Overview of the VEI Program

veinternational.org

Firms participate in numerous regional and international trade

shows (Ex: New York City, South Carolina, California, Belgium)

Research

Plan

Present

Implement

Evaluate

Report

An Overview of the VEI Program

veinternational.org

What does a VEI firm do?

Research

Plan

Present

Implement

Evaluate

Report

The Annual Report

Evaluate

Report

An Overview of the VEI Program

veinternational.org

The Annual Report

• Report on the firm’s operations over the Fiscal Year 1. What did you say you were going to do in your Business Plan?

2. What actually happened?

3. Explain the differences.

• Why were you successful?

• Why weren’t you successful?

• What did you learn from the experience?

• Preparation of Firm Financial Statements – Income Statement

– Balance Sheet

– Cash Flow Statement

Research

Plan

Present

Implement

Evaluate

Report

An Overview of the VEI Program

veinternational.org

What does a VEI firm do?

Research

Plan

Present

Implement

Evaluate

Report

Assessments

An Overview of the VEI Program

veinternational.org

Online Assessment & Evaluation

Pre/Post Surveys VEI Technical Assessment (NOCTI - Test code: 7975)

Pre/Post Assessment

Attendance Data Student Portfolios

Assessment of Work-Based

Learning (Pre/Interim/Post

available online for all students and

aligned with LL WBL Continuum)

The VEI Curriculum

An Overview of the VEI Program

veinternational.org

Curriculum

• Task-based curriculum available online – For teachers and students

– Curriculum Units, Student Task Guide, Reference Files &

Templates

• Resources – Departmental (Accounting & Finance, Administration,

Design, HR, IT, Sales & Marketing)

– Cross-Functional (Orientation, Business Plan, Trade

Show, Personal Finance, Annual Report)

An Overview of the VEI Program

veinternational.org

An Overview of the VEI Program

veinternational.org

Pacing Guide

• A sequential guide to help teachers manage firm

operations

• Aligned to Curriculum Tasks and available resources

• Pacing Guide is available on the curriculum page

– http://veinternational.org/curriculum/

Name of Task Reference to

Curriculum Task

Available Resources

Write the firm’s Mission

Statement

ADMIN Task 8 Sample mission statements

Establish procedures for

managing the firm’s bank account

ACCOUNTING Task

10

US Network Bank User

Guide

An Overview of the VEI Program

veinternational.org

Successful VEI Firm

Accounting & Finance

Information Technology

Human Resources

Design

Sales & Marketing

Admin

An Overview of the VEI Program

veinternational.org

Contact

Irvine Pilot Project Manager

Polly Farina - pfarina@veinternational.org

Western Region Office

Nancy Phillips

Western Regional Director

nphillips@khsd.k12.ca.us

501 South Mt. Vernon Avenue

Bakersfield, CA 93307

P: 661.396.4430

F: 661.397.4593

veinternational.org/ca

National Office

Nick Chapman

National Program Director

nchapman@veinternational.org

122 Amsterdam Avenue

New York, NY 10023

P: 212-769-2710

F: 212-799-7528

veinternational.org

Thank you For more information,

visit veinternational.org