WEBVTT

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on you.

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And now, hi, I'm Mafia.

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I'm a senior, and this is the
virtual enterprise program.

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We function like a real company,
but everything's virtual.

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We have virtual bank accounts.

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We have hired employees and we
have our own admin which controls

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everything going on in the
company right now here where I'm

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sitting is the admin group, the
CEO, CFO,

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and CEO of the company.

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We have 4 departments and each
group is divided in that.

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So we have HR, we have tech, we
have marketing,

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and we have accounting.

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So each uh department has their
own task which is given by the

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admin and we overview them with
anything anything that's going

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on and we manage them.

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I love seeing people of my age
doing something that real world

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companies do.

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I love giving them tasks and
seeing how they're managing it

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based off of what skills they
have and it's just a progress and

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I've seen them grow,

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and I know this is something
they would uh still pursue in the

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future and like with the skills
they have, yeah. Um,

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I definitely see myself managing
something just like I did as

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the CEO of this program.

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Um, I definitely see myself
somewhere managing people and

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overviewing,

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and this company really helped
me like this program really

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helped me in the sense that I
get to actually try stuff and do

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different things.

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Hi, my name is Joe DeSienna and
I'm the virtual enterprise

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coordinator at Abraham Lincoln
High School.

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Uh so virtual enterprise is a 4
year business sequence.

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where the students get one
elective class in each of their 4

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years here leading up to the
virtual enterprise class which is

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for seniors and in that class
it's a student centered student

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led environment where they come
up with a business concept and

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run that business throughout the
year.

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It operates in a closed circuit
with over 350 schools nationwide

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where they are interacting and
and doing business with each

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other. So in virtual enterprise
the money and the product are.

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Both virtual they're not real.
However,

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the process that any business
would have to go through is very

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real.

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So the way I equate it is if you
worked for Foot Locker and you

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were an accountant,

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you'd never touch the sneakers
and you'd never touch the actual

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money. However,

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you'd have a very important job
as an accountant and that's kind

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of what goes on in here.

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So the uh the product and the
money is not real.

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however, the operations of the
business are very real.

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So the way, uh,

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the students are organized in
virtual enterprise,

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well first they all. Have to
apply.

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They have to set up a resume
they apply for a position based on

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what their personal interests
and skills and abilities are and

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then they're broken down as a
department.

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So right now in our uh in our
business we have a tech department

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that's mostly responsible for
creating and managing the website

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where we do most of our
business.

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We have a sales and marketing
department which interacts with

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other virtual enterprise
programs throughout the country and

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sells our product.

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We have an accounting department
that manages all the money

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coming in and going out and we
have a human resources department

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which manages all the uh
policies and the salaries and payroll

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for the entire company.

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So whether or not the uh the
students want to pursue a career in

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business,

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the uh the focus of virtual
enterprise is on employable

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professional skills, uh,

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working collaboratively on
larger scale group.

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Projects also the uh the
financial literacy component they're

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they're all paid a virtual
salary they have to manage their bank

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accounts they have to they have
monthly bills that they have to

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pay and they have monthly
purchases they have to make from other

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virtual enterprise programs so
they,

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they learn the value of a
dollar,

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they learn how to manage their
own finances and then again

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working collaboratively and the
student centered environment is

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something that.

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They can take and apply to
whatever career they choose to uh to

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pursue so I've been doing this
for quite a long time and we've

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had several students that have
gone on to pursue careers in

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business have gone on to
business schools like Baruch and Pace

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and have uh have pursued
multiple fields in uh in business.

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We've had dozens of students
that have earned internships and,

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uh, I know of a couple that have
um that have.

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Pursue their full-time careers
now in the business world.

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My name is Callie.

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I'm in 12th grade and I'm in the
virtual enterprise program.

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So virtual enterprise helps
companies and people who are looking

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for jobs.

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So we basically we're helping
companies find employees and we're

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helping people find jobs. I keep
track of our financial records.

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I'm budgeting and I'm doing our
profit and loss statements.

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My favorite thing about virtual
enterprise is that the

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departments are really flexible,

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so if we're working on a bigger.

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Project we can pull people out
of their departments to work

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together and I like that we all
work really well together.

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I plan to do finance in college.

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I just I've I've always grown up
to like accounting and finance

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so I've just always been. I
think it definitely does.

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There's always like real world
scenarios where we have to deal

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with and it's like it kind of
gives like an inside view of what

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happened in a real business. I'm
Mali. I'm a senior.

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And this is the virtual
enterprise program. I'm the CEO.

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We simulate an actual business
and prepare students to face

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actual business development
challenges in the real world as long

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as leadership and teamwork
skills.

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So I like how we're taught to
actually simulate,

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like I said earlier, actual
business activities.

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So we're prepared for actual
situations that would happen to us

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if we decided to make our own
businesses in the future.