Online events allow DECA competitors to participate in online simulations to learn how to invest in the stock market, manage personal finances, or operate a business venture. Competitors engage in these simulations for a few months before SCDC and if they qualify, they create a 10-page report on their portfolio and give a 15 minute presentation to a judge. Students do NOT take a career cluster exam as part of these events.

EVENTS

Stock Market Game SMG

Students will develop and manage an investment portfolio. Each participating team manages all aspects of the portfolio including stock selection, buying and selling. The goal of the competition is to increase the value of the beginning portfolio.

Virtual Business Challenge- Accounting VBCAC

Participants will use forensic accounting to identify fraud & errors and use managerial accounting techniques to maximize profits.

Virtual Business Challenge- Entrepreneurship VBCEN

Participants will conduct market research, spot new business opportunities and take the plunge by embarking on their very own entrepreneurial venture with 20 different businesses to choose from. They will also implement new business strategies via requesting financing, building their team, acquiring resources, setting prices, developing their marketing, as well as analyze market data, interpret financial reports and apply critical thinking and decision making skills in order to make their entrepreneurial venture as successful as possible.

Virtual Business Challenge- Fashion VBCFA

Participants will scour runway and street blogs for emerging and viral fashion trends; manage marketing, business and fashion-specific concepts such as design, buying, pricing and markdowns, social media promotion, window display and merchandising within their own fashion design business.

Virtual Business Challenge- Hotel Management VBCHM

Participants will manage various aspects of a hotel such as determining room rates, making bids on group sales and setting front desk and housekeeping staffing schedules.

Virtual Business Challenge- Personal Finance VBCPF

Participants will manage bank accounts, credit and debit cards, bills, credit scores, taxes, insurance and investing.

Virtual Business Challenge- Restaurant VBCRS

Participants will manage specific marketing and business concepts such as market research, menu design and pricing, advertising strategies and purchasing within a restaurant.

Virtual Business Challenge- Retail VBCRT

Participants will manage specific marketing concepts such as pricing, purchasing and promotion within a convenience store.

Virtual Business Challenge- Sports VBCSP

Participants will manage specific marketing concepts such as ticket pricing, media planning and sponsorships within a football franchise.

SIMULATION

Starting in September or October, competitors form a team of up to three and register for one of the simulations. In the stock market game, competitors invest in a highly accurate stock market simulation and aim to gain as much earnings as possible. In the virtual business challenge, competitors manage a simulated business and attempt to be as profitable as possible during the time frame.

REPORT AND PRESENTATION

If competitors choose to compete in these events at SCDC, they must prepare a 10 page written report detailing their activities during the simulation and create a business portfolio. This report is generally submitted 1-2 weeks before SCDC. At SCDC, competitors will present their portfolio to a judge for 15 minutes and should be ready to answer any questions. As with written events, competitors should practice their presentations regularly, create appealing visual aids, and know their portfolio well enough to be ready for any questions.