Home About Us Media Kit Subscriptions Links Forum
APPEARED IN


View All Articles

Download PDF

FAMOUS INTERVIEWS

Directories:

SCHOLARSHIPS & GRANTS

HELP WANTED

Tutors

Workshops

Events

Sections:

Books

Camps & Sports

Careers

Children’s Corner

Collected Features

Colleges

Cover Stories

Distance Learning

Editorials

Famous Interviews

Homeschooling

Medical Update

Metro Beat

Movies & Theater

Museums

Music, Art & Dance

Special Education

Spotlight On Schools

Teachers of the Month

Technology

Archives:

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

1995-2000


DECEMBER 2005

NYC Virtual Enterprise Holds Local Business Plan Competitions
By Iris Blanc

Winners Advance To Citywide Competition
Now approaching its tenth anniversary in New York City public schools, the Virtual Enterprises (VE) program represents a well-established approach to teaching high school students about business through task-oriented and hands-on applications. VE students, with the guidance of a course instructor and businesses mentors, oversee the operations of a company, enabling them to learn about careers, develop interpersonal and organizational skills, and use technology, as well as develop an in-depth knowledge of one particular type of business.  Students are involved in every aspect of running a business, including human resources, accounting, product development, production, distribution, marketing and sales, and they engage in virtual trading with other practice firms around the country and around the world.  With links to nearly 3,000 firms around the world, the VE exposes students to different cultures, business practices, and currencies and gives students a broader international perspective.

The program in New York City include sixty-three firms in 45 high schools (with more in the planning stages) and has also expanded throughout the United States to include programs in over 300 secondary and post-secondary institutions.

Each year, the Virtual Enterprise Program holds a series of business plan competitions at which students from each VE firm present their business plans for the upcoming year.  This activity actualizes the world of work, allowing students to apply communication skills, use technology, engage in teamwork and apply economic and financial concepts as they trade in the global marketplace. 

This year, over sixty-eight teams from New York City high schools competed over five days, in venues throughout all five boroughs.

One can only watch in amazement as these student teams, many of whom have only been in VE for two months, present their plans to a panel of judges, in front of an audience of their peers. 

The following are the results of the local competitions:

  First-place winners will advance to the citywide competition, which will be held on Thursday, December 15th at Deloitte & Touche, 2 World Financial Center at 1:00 p.m.  Eight additional teams who ranked highest in the city will also be invited to participate in the citywide competition.  First-, second-, and third-place winners in the citywide competition will have an opportunity to participate in the secondUS Virtual Enterprise Network National Competition to be held in New York City on April 5-6, 2006 and compete for $25,000 in scholarships.  (The national event is sponsored by a grant from the Merrill Lynch Foundation.)

All the teams are to be commended for an extraordinary level of achievement.  Congratulations to all! 

Virtual Enterprises, International is a program initiative of the New York City Department of Education, Office of Teaching and Learning. For more information about the program, visit the VE website at www.veinternational.org or contact Iris Blanc, Director, iblanc@nycboe.net.#

Iris Blanc is Director of Virtual Enterprises, InternationalTM, New York City Department of Education.

COMMENT ON THIS ARTICLE

Name:

Email:
Show email
City:
State:

 


 

 

 

Education Update, Inc.
All material is copyrighted and may not be printed without express consent of the publisher. © 2009.