WHAT MAKES THE TRAINING CONCEPT STAND OUT
Real-life international business experience: Through their commerce and trade across industries, borders and cultures, trainees develop hands-on knowledge of the expectations of both the workplace and the economy in their own country as well as internationally. This real-life business experience enables trainees to experience that strategies diverge from one country to another due to subjects such as language, culture, legal environment and a multitude of other influencing factors.
Mentors from business sectors: A Business Mentor is the key support in developing and conducting the business activities. The mentor brings the real business world into the Practice Enterprise, advising the trainer and trainees about current workplace practices and processes. They may help interview the students for their team or position within the company, suggest ways to promote their products effectively or help them determine suitable organisational arrangements to suit their product range.
Digital competences: Because Practice Enterprises simulate real-life commerce, trading makes use of software and online tools such as accounting, banking, taxes, shipping and excise. This means that trainees must become familiar with the use of technology for business activities and simultaneously develop their IT skills.
Transferability: The concept can be easily adapted and transferred to other countries and various target groups. The Coordination Centre in Germany provides the national Central Offices and/or Practice Enterprises in new countries with the necessary framework and guidelines.
BENEFITS OF THE CONCEPT FOR PRACTICE ENTERPRISE TRAINEES
The Practice Enterprise prepares trainees for their eventual entry into the real world of work. It puts the theory they’ve learned in the lecture hall to practice in a work-based environment and is often a first work experience for student trainees. It makes the connection to the real world of work, which can be very different from the academic environment. Trainees learn many different commercial and entrepreneurial skills such as:
- Administration Skills
- Accounting & Finance
- ICT & Digital Skills
- Social & Digital Media
- Human Resource Management
- Marketing & Sales
- Purchasing & Negotiating
- Business Planning & Communications
- International Commerce
Practice Enterprises reinforce academic skills and achievement, reignite interest in education, and raise the desire for self-development and the pursuit of lifelong learning. Trainees are actively involved in the learning process and decision-making activities, increasing motivation, initiative, creativity and responsibility. Learning is experienced as a natural process, primarily through interaction.
Trainees can try out different jobs and tasks and see where their career could take them. Through developing and managing their own enterprises, trainees learn professionalism, business acumen, corporate knowledge, presentation skills, and teamwork, as well as hands-on knowledge of the expectations of the workplace and the economy, thereby improving their employability and spirit of entrepreneurship.