USASBE 2008 Model Undergraduate Program Belmont University Nashville, Tennessee.
Virtual Enterprise USASBE 2008 Finalist for Innovative Entrepreneurship Education Course Presented...
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Transcript of Virtual Enterprise USASBE 2008 Finalist for Innovative Entrepreneurship Education Course Presented...
Virtual Enterprise USASBE 2008 Finalist for
Innovative Entrepreneurship Education Course
Presented by: Anthony BorgeseSan Antonio, 2008
www.ive.cuny.edu
Virtual Enterprise• Virtual Enterprise is an interdisciplinary,
technology driven, experiential, simulation course in which students develop and manage global entrepreneurial enterprises in a virtual environment
• Students trade their products and services via the MarketMaker software through a worldwide network of 4,000 firms in more than 40 countries
www.ive.cuny.edu
Beyond The Business Plan
• Students create their business plan and then make a presentation for virtual capital
• Funded businesses receive a corporate bank account, corporate credit card, and space on the E-commerce shopping mall
• Products are sold through the IVE shopping mall, directly to other VE’s and on IVE trading days
www.ive.cuny.edu
Uniqueness
• Experiential course that goes beyond the creation of a business plan
• MarketMaker software that includes a corporate bank account, corporate credit card, E-commerce shopping mall, and stock market
• Appeals to non-business majors • Not every program has funding• Ancillary events
www.ive.cuny.edu
Quality and Effectiveness
• Applied to a variety of student cohorts: undergrad, grad, honors, leadership, at-risk, ESL, and workforce development
• Independent evaluation of VE noted student outcomes of communication, motivation, critical thinking and problem solving, global awareness, inter and intrapersonal skills, business knowledge and, of course, entrepreneurial skills
• Separate outcomes for faculty development
www.ive.cuny.edu
Completeness and Comprehensiveness
• Students may take one, or two semesters
• Allows students to start their businesses with a safety net
• Goes beyond the business plan and into actual operation of the business
www.ive.cuny.edu
Sustainability
• IVE created as special initiative by CUNY in 2002
• Continuous adoption of methodology by various CUNY and non-CUNY colleges and universities
• Limited private sector partners
• Kauffman and Coleman grants
• NSF and DOL grants
www.ive.cuny.edu
Transferability
• Accepted by various colleges and universities: Frostburg State, Rhodes State, Hayward C.C., Shoreline, C.C., Corporate College, etc.
• International collaborations at University of Linz, Randers Business College, University of Malta
• Used by various non-business majors in entrepreneurship across the curriculum initiatives
www.ive.cuny.edu
VE-related Events
• Case Study Competition
• Business Plan Competition
• Trading Day
• Stock Market Competition
• IPO Conference
• Social Entrepreneurship Program
• Leadership Incubator
www.ive.cuny.edu
VE Events
www.ive.cuny.edu
Thank you