Secondary school students are on the cusp of adult life, but often a very long way from having the skills and confidence they need to negotiate life as an adult. Australian Business Week enterprise education programs can have a tremendous impact on these students, allowing them to experience the business world in an adult role, via a safe simulated environment.
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The program
Participants form teams of 4-10 and assume management roles to run a virtual company, making important business decisions as they compete against other participating teams. The program usually replaces the regular curriculum for a week, but can be extended if required, allowing students to immerse themselves in the experience for maximum learning potential. It’s also great fun!
A minimum of 40 students is suggested however, when 60 or more participate, it generates a larger number of companies and increases the competitive spirit.
Student tasks
Step into a role in general management, operations, marketing or finance
Compete against other teams
Make environmental decisions
Complete case studies
Write a company report
Create a product, process or service
Give an oral presentation
Produce a video commercial
Mount a trade display
Skills & learning
Business concepts – supply and demand, profit and loss