Virtual Enterprise is a simulated business that is set up and run by students to prepare them for working in a real business environment. Students determine the nature of their business, its products and services, its management and structure, and learn the daily operations of a business under the guidance of a consultant and a real business partner. Emphasis is on use of current business software and the Internet for business transactions. Principles of economics as applied to business organization are evident throughout the course. Students learn the principles of micro and macroeconomics in preparation for working in a real business environment. Students study supply and demand, the Federal Reserve System, taxation by federal, state and local entities, the stock market and international transactions. Students determine the nature of a business, its products and services, the organizational structure, and practice the daily operations of a business. They use current business software and the Internet for business transactions. The focus is on basic economic principles, and business operations. Students compete against other schools across California and the nation with their business plan, marketing plan, catalogue, Human Resources, and other aspects of running their virtual business.
Integrated throughout the course are standards for Career Ready Practice and Academic Content Standards which include: appropriate technical skills and academic knowledge; communication skills; career planning; applied technology; critical thinking and problem solving; personal health and financial literacy; citizenship, integrity, ethical leadership and effective management; work productively while integrating cultural and global competence; creativity and innovation; reliable research strategies, and environment, social and economic impacts of decisions.