Memo

To: VEI Employees

From: Mr. Kaiser

E-mail:  kkaiser@bridgehamptonschool.com

Date: September  2023

Re: Expectations and Requirements for Virtual Enterprises International (VEI) _________________________________________________________________________

Congratulations! Welcome to VEI. I am glad that you are a part of the Virtual Enterprises International Program. This is a unique opportunity for you! 

What is the Virtual Enterprises International? The Virtual Enterprise (VE) is a simulated business environment. The VEI employees (i.e., you, the students) will be involved in actual "on-the-job" work experiences, including purchasing, sales, marketing, accounting, personnel, etc. The only difference between the VE and an actual business is that no material goods are produced or legal tender exchanged. However, in our case, we might be able to sell our products at the school farmstand. The VE website will generate the documents and information needed to do business with other VE companies locally and internationally. You will work in one or more of the departments in the VE organization. In your department, you will be expected to work individually and as a member of a team to fulfill the responsibilities and tasks associated with your department. You will develop initiative, creativity, and responsibility, enhance your oral and written communication skills, and improve your ability to work on a team.

What is the goal of the VE experience? The VE experience will weave together several academic disciplines and occupational subjects, thereby overcoming fragmentation of subjects. By working in the VE, you will better understand how your learning has application and relevance to real life. The goal is to create a learning environment that, through a series of activities, integrates school and work, to enhance learning. In effect, the VE will drive the learning, the applications, and the educational experiences and opportunities. Through your experiences in the VE, you will come to see that there exists an important connection between all disciplines, and that what you learn is relevant to your future.

Congratulations again and welcome to VEI! Please continue reading about the specifics of our program on the following pages.

What kind of activities will I be involved in? The following is a partial list of tasks that employees will be asked to accomplish during the year:

-Creating a resume, cover letter, and conducting interviews

• Establishing the firm’s goals, objectives, organization, and product line.

• Writing the business plan.

• Setting annual goals and objectives

• Handling business correspondence, and processing outgoing and incoming correspondence

• Increasing efficiency of departmental workflow (filing, correspondence, etc.)

• Using office technologies and associated business computer software applications.

• Developing documents including directories, advertising, and financial reports.

• Preparing and delivering presentations (sales, meetings, progress, etc.)

• Developing and maintaining a World Wide Web home page for the VEI Communications with customers, suppliers and business partners, via telephone, fax and e-mail.

• Purchasing and selling, invoicing, crediting, etc

• Performing firm and individual accounting and record keeping

• Researching investment products and processing purchase and sales of financial products

• Preparing tax returns and going through an audit review for compliance with the IRS

• Providing in-house employee training

• Conducting and participating in department meetings, preparation of minutes and follow-up

• Conducting research to solve simulated business problem-solving scenarios

• Researching, preparing and presenting information on applicable professional development topics

• Preparing the annual report and department manual

What items are needed as an employee?

• A positive attitude

• A good work ethic

• Business attire (on predetermined days)

What supplies are provided to employees?

• Computer with Internet access

• VE Resource website: www.veinternational.org

• Reference materials

Will employees need to complete any work outside of the scheduled work period?

• Yes! There are deadlines that must be met and therefore employees may need to complete

tasks and activities after the scheduled period. Chiefs and VP’s will need to spend time outside of the scheduled work time to prepare for meetings.

• Employees are asked to participate in fundraising opportunities for possible future trips

Is there travel required in my VE position?*

Attendance at these events is mandatory.  Field trips to trade shows are major portions of the student’s grade and no excuses will be tolerated.  See last page for consequences for not attending the business plan presentation.

*Opportunity to travel is based upon your position in the company, performance, availability of funds, and facilitator’s discretion.