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An Overview of the VEI ProgramSouth Pasadena High School
For New and Returning Coordinators
Presented by: Nick Chapman, National Program DirectorAugust 4th, 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
272235
191 185143 121
Romania Austria Slovakia China Germany U.S.A. CzechRepublic
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:
OwnershipExperientialCooperative
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 Year1. 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 DataStudent 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 - [email protected]
Western Region Office
Nancy Phillips
Western Regional Director
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
122 Amsterdam Avenue
New York, NY 10023
P: 212-769-2710
F: 212-799-7528
veinternational.org
Thank youFor more information,
visit veinternational.org
