Business program implemented across GOTAFE

In 2012, the Virtual Enterprise (VE) program for business students has been extended across all four major GOTAFE campuses.  

VE’s trade with other enterprises across Australia, buying and selling virtual goods with virtual money, replicating the real business economy, exposing students to a variety of processes including marketing, purchasing, invoicing, organising salary payments, and paying regular electricity and phone bills.

The virtual aspect of program enables participants to test business procedures, practices and decision making skills without the complication of using real money.

GOTAFE Business Teacher, Lesley Webster instigated the program, believing it prepares students for real life work situations.   

“A Virtual Enterprise (VE) is a simulated business environment where students get the opportunity to manage a business in a real life situation by applying the skills they have learnt in class, including computer applications and financial activities and also a number of real life work related skills such as teamwork and time management,” said Lesley.

“The students enjoyed it so much that they presented to other business students and teachers at the other three campuses, which culminated in the program running across all four major GOTAFE campuses in 2012.”

Lesley also indicated that pairing students with a mentor from the local business community is invaluable as they can provide students with advice on job hunting, set up networking opportunities and students gain an  insight into running a real business.

For further information contact Lesley Webster on 1300 GOTAFE (1300 468233)

Article Published 18 Jul 2012