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What is Virtual Enterprise (VE)?. Why Active Learning?.
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What is Virtual Enterprise (VE)? Why Active Learning? Many professors still require students to memorize their course materials and then complete closed-book examinations. We could find no record of a business meeting in which the CEO said, “Please put all your books and notes under the table and take out a clean piece of paper; we are going to make a business decision.” • D.H. Hammond et al.Journal of Education for Business, 71 (May/June 1996), page 264
What is Virtual Enterprise (VE)? USASBE Curriculum Award
What is Virtual Enterprise (VE)? VE in the Media
What is Virtual Enterprise (VE)? Lose Weight, Feel Great The System Elements* • Appetite-Suppressant Supplements • Low-Calorie, Prepackaged Food • Exercise Regiment • How to use these? • Mix and Match • 2-Week Pre-Beach Effort • Save your life or lose a few pounds. * These statements have not been evaluated by the FDA.
What is Virtual Enterprise (VE)? Simulate the Workplace, Feel Confident The System Elements* • Active-Learning Pedagogy (toolkit, textbook) • Global Network (5,000 firms in 40 countries) • Tech Tools (MarketMaker, blogs, wikis) • How to use these? • Mix and Match • 2-Week Immersive Exercise • HS, ESL, Entry, Capstone, BA, MBA • In-class, Hybrid, and Online * These statements have been evaluated in numerous studies.
What is Virtual Enterprise (VE)? Why do this? • Entrepreneurship: • Academic and governmental Incubators • SBIR, STTR, and other grant sources • Intrapreneurship • Soft-skills • Breadth of Perspective • Careers • Operation and interplay
What is Virtual Enterprise (VE)? VE in the Media
Placement within Curriculum • Implementation Grant NSF/DUE-0802365 “Enhancing Soft and Entrepreneurial Skills Training for Two-Year College Technicians Using a Contextualized Business Simulation Program” (09/2008 – 08/2011; $749,217) • vexy -- a STEM-based Virtual Enterprise (VE) • vexy-Careers: breadth of careers in industry. • vexy-Awareness: non-majors & wf. certificates. • vexy-Projects/Capstone: Entrepreneurial venture with novel product or service.
Forms of Adoption Standalone Course:its own course. Embedded:simulation is added as a component of an existing course by adding additional contact hours. Infused: similar to Embedded course, without adding additional contact hours. Summer/Winter Institute:the simulation is used without lecture content in a condensed 4 week experience, between regular semesters.
Forms of Adoption Workforce Training: similar to the Institute model, but embedded within a non-credit certificate. College Now: High School students for dual college/HS credit. Increased contact hours for handling deficiencies.