vei orientation webinar
TRANSCRIPT
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Program Orientation Webinar
Thursday, August 1st
2013Presented by Nick Chapman
122 Amsterdam Ave. New York, NY 10023 Phone: 212-769-2710www.veinternational.org
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What is Virtual Enterprises International?
VEI is an in school entrepreneurship program Students learn business by doing business
Classes are firms that do business virtually with
other firms across the U.S. and internationally
Approx. 500 firms nationally and 5,000 firms internationally
The VEI approach emphasizes learning in four key areas:
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 as part of a team.
4. Reflective: Students experience the consequences of their
decisions and apply that learning to future challenges.
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Program Links
www.veinternational.org
National website
www.veinternational.org/about/
Videos & background information
www.veinternational.org/resources/
Links to all resources for students and teachers
http://www.veinternational.org/http://www.veinternational.org/about/http://www.veinternational.org/resources/http://www.veinternational.org/resources/http://www.veinternational.org/about/http://www.veinternational.org/ -
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Where we are
0
500
1000
1500
Argentina
Australia
Austria
Belgium
Brazil
Bulgaria
Canada
China
Cze
chRepublic
Denmark
Finland
France
Germany
G
reatBritain
Italy
Lithuania
Luxembourg
Malaysia
Netherlands
Norway
Poland
Romania
Slov
akRepublic
Slovenia
Spain
Sweden
Switzerland
S
VEI/Practice Firms by Country
Map of all VE schools in the United States (source: http://batchgeo.com/map/eaaa2350282d188b8208b037b8304390)
http://batchgeo.com/map/eaaa2350282d188b8208b037b8304390http://batchgeo.com/map/eaaa2350282d188b8208b037b8304390 -
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VEI Regional OfficesVEI National Office
Iris BlancNational Director
Deni Frand
External Relations
Tyler Fugazzie
Digital Communications
Western
Nancy Phillips
South
Chris Haff
Long Island
Ellen Palazzo
Irv Wortman
Northeast
Kathy Gielow
Mid-Atlantic
Rhonda Doak
Midwest
Cindy Boyd
New York City
John Jastremski
Nick [email protected]
College Network
Kristen Callahan
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Basics of the VEI Model
What do firms sell? Everything!
Who is the Target Market?
VEI Employees (students) and other VEI Firms What makes it all work?
The US Network Bank links all firms in the US
Networked to all international banking systems The online bank works exactly like your personal
online banking system
Direct deposit, automatic payments, electronic data
Products:
ApparelElectronics
Food
Sporting Goods
Furniture
Services:
AdvertisingFinancial services
Adventure tours
App developers
Legal services
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The Role of the Facilitator
Moving from sage on the stage to
guide on the side
VEI is a student-centered approach
Emphasis on project-based, collaborative learning
Primary responsibility to facilitate and direct
student learning
NOT to deliver a prescribed daily lesson
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Role of a Business Partner
Business partners are an essential element ofthe VEI program
Connecting students with adults and classrooms
with the real world of business Partners provide guidance, resources,
opportunities and advocacy
Opportunities may include:
Site visits, job shadowing, mentoring, work samples
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What does a VEI firm do?
Research
Plan
Present
Implement
Evaluate
Report
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Pacing Guide
A sequential guide to help teachers manage firm
operations
Aligned to Curriculum Tasks and available resources
Pacing Guide will be available on the curriculum page
http://veinternational.org/curriculum/
Name of Task Reference to Curriculum
Task
Available Resources
Write the firms Mission Statement ADMIN Task 8 Sample mission statements
Establish procedures for managing
the firms bank account
ACCOUNTING Task 10 US Network Bank User Guide
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Curriculum
Task based curriculum
Available online
Organized by departmentOrientation
Accounting & Finance
Administration
Communications
Human Resources
Graphics
Information Technology
Purchasing
Sales & Marketing
NOTE:
All Curriculum and Resources
are password protected.
Please contact your regional
director for access.
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Resources
Website
VEI Portal
US Network Bank Wholesale Marketplace
US and International Firm Directories
Reference Files
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The VEI Classroom
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The VEI Classroom
An office instead of a classroom
Networked computer workstations
Workgroup clusters of furniture
Conference table and chairs
Telephone, Printer, Fax/Copier/Scanner
Filing cabinets
Microsoft Office Suite or suitable alternative
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The Business Plan
Every firm is required to write a comprehensivebusiness plan Outlining the goals and objectives of the firm
Regions conduct local BP Competitions Contact your regional director for details
Winning teams qualify for the National BusinessPlan Competition in NYC during the YouthBusiness Summit Held in April 2014
Written and Oral Rubrics can be found on the
VEI website
Reference Files
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E-commerce Website
All firms should have an e-commerce website Provides information about the firm & program
Product/Service descriptions & pictures
Online shopping cart utility or ordering procedure
Mals E-Commerce is very popular among VE firms(www.mals-e.com)
There are many template-based programs fordesigning simple, yet effective, websites Google Sites, Weebly, Wix, etc.
Introducing the Better Business Rating Similar to star ratings on Amazon.com
Based on ease of use, customer relations, turnaroundtime, etc
http://www.mals-e.com/http://www.mals-e.com/http://www.mals-e.com/http://www.mals-e.com/http://www.mals-e.com/http://www.mals-e.com/ -
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Trade Shows
Contact your regional director for information on your local trade show
Visit veinternational.org for a list of all trade shows
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2014 Youth Business Summit NYCApril 1-3, 2014
National Business Plan Competition
Global Business Challenge
International Trade Show
veinternational.org/youth-business-summit/
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The Annual Report
Summarize and report on the firms operationsover 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 werentyou successful?
What did you learn from the experience? Preparation of Firm Financial Statements
Income Statement
Balance Sheet
Cash Flow Statement
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Assessment & Evaluation
Pre/Post Assessments
Economics Exam
VEI Technical Assessment
NOCTI Test Code 7975
Student & Teacher Surveys Pre/Post
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VEI and the Scientific Method
Can we make this business profitable?
Hypothesis = Sales & Expense Projections
Cash BudgetThe Business Plan
Implement the Business Plan
website, trade shows, etcAccounting sales journal, bank data
The Annual Report!
Learn about the industry and marketplac
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The Student Experience
91% of VEI students plan to attend college
next year either full- or part-time
66% of VEI students are minorities
90% of VEI students feel the program successfully prepared them to
interview for a job and how to behave in a professional situation
The opportunities here are tremendous.
You find yourself, your abilities, your future
and your desires solely from this one
program. If only I could stock-market-style
invest in it!Jeffrey Grinberg
Francis Lewis High School, Class of 2012
Binghamton University, Class of 2016
The VE experience is different than any
other class in the fact that it is not sugar
coated. What you receive from the program
is real, and can help you make decisions
with what you want to do after school.Kelvin Vick
East Wake High School, Class of 2012
University of North Carolina, Class of 2016
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Questions & Answers
For more information:
Nick Chapman NYC Program [email protected]
Iris Blanc National Director
iblanc@veinternational org