Australian Business Week

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
• Work as part of a co-operative team
• Problem solving
• Apply mathematical ideas to real life situations
• Learn about the monetary system
• Improve communication skills
• Explore future career interests
• Prepare for adult life in the community
• From ABW - https://abw.org.au/