Orange TAFE College will host a Virtual Enterprise Trade Fair on September 17 for more than 200 students who participate in eight different TAFE Western Virtual Enterprises.
Virtual Enterprises provide Business Administration students with workplace experience enabling them gain knowledge and skills in business operations.
At the Virtual Enterprises Trade Fair eight different Virtual Enterprises come together to conduct business with each other and the public. Visitors are invited to look at the displays, talk to students and teachers, and purchase some of their simulated goods and services.
Rebecca Simons, Business Administration Teacher at Orange TAFE is helping to organise the 2009 Trade Fair which will be held at the Orange Ex-Services Club.
Rebecca said "Virtual Enterprises match business processes and allow teachers to facilitate the learning process by advising, guiding, mentoring, providing input and coaching where necessary.
"Virtual Enterprises enable all the processes used in the business to form part of the course assessment. As each student completes tasks such as invoicing, handling the mail and purchasing goods as well as other general office responsibilities they produce a variety of evidence that demonstrates their competency in the Business Administration units.
"The Enterprises are student-operated and, while they are virtual (or simulated) businesses with no real goods or services, all the processes of the business are real, allowing students to learn what really goes on.
"With over 5,500 virtual enterprises collaborating across 42 countries students learn about business operations and processes as well as the business world itself.
"At Orange TAFE students completing their Certificates II in Business and III in Business Administration run a Virtual Enterprise called ExcelAir - it is a domestic travel business. We are fortunate to have Rex as a business partner to ensure that the learning experience reflects the real needs of industry and our students develop appropriate business skills.
The Orange Virtual Enterprise, ExcelAir, conducts business with other Virtual Enterprises throughout Australia in a simulated environment that mimics the real economy. Examples of other Virtual Enterprises include a simulated advertising agency, recruitment agency, radio station, restaurant and an airline and they all trade with each other.
Although there is no actual transfer of goods or money, all the usual business transactions take place, providing a training environment that enhances the development of business, technical and interpersonal skills.