FAQ Frequently Asked Questions Looking for answers? We have them listed below. What is a Practice Enterprise? A Practice Enterprise (PE) is a trainee-operated business run as a hands-on way of learning about business practices or improving existing business skills. The PE physical environment is set up to look like a real-life simulation of the business world environment, with departments and different roles like in a real company. It’s called a simulation because no real currency is exchanged and the business transactions are technically fictitious, but trainees perform real work and participate in real activities that provide the kind of valuable experiential learning that most people don’t get until they enter the workforce. This form of learning-by-doing training can be adapted to suit a wide range of target groups including students, unemployed, disabled, disadvantaged and even for retraining in real companies. Click here to find out more. What differentiates Practice Enterprise from other programs? The PE physical environment is set up to look like a real-life simulation of the business world environment, with departments and different roles like in a real company. In schools, the PE is held as part of the standard curriculum and taught by teachers during the day’s regular schedule. Countries such as Austria and others have the PE as a mandatory component of the curriculum in all VET schools. In adult training centres, the PE is a full-time programme, where job seekers work in the various enterprise departments to develop and enhance their skills. In other words, trainees become business executives and classrooms or training centres become the offices they work in. In addition to the unique training environment, each PE is also connected to network of more than 7,000 PEs located in over 40 countries, creating a vast worldwide virtual economy where trainees can market and trade across industries, borders and cultures and develop hands-on knowledge of the expectations of both the workplace and the economy both in their own country and in other countries. This real-life business experience enables trainees to experience that strategies diverge from one country to another due to issues such as language, culture, legal environment and a multitude of other influencing factors. What kind of impact does the Practice Enterprise make on trainees? Impact studies have shown that Practice Enterprise trainees are more motivated to continue their education and that they feel they have the skills necessary to succeed in the job market as a result of the practical experience they can demonstrate on their curriculum vitae. The Practice Enterprise concept has been recognized as a Good Practice by the European Commission for practical VET training. In 2016 the Practice Enterprise concept was designated as an internationally recognized Excellent Practice in training for entrepreneurship and enterprise skills by the European Training Foundation. Are there Practice Enterprises in my country? Our network comprises over 7,000 Practice Enterprises located in more than 40 countries around the world. Click here to go to our worldwide network listing to find out if there are Practice Enterprises in your country. New Practice Enterprises are launching each year in new countries around the world. I'm an educator. How can I start a Practice Enterprise? Contact our Coordination Center for more information on how you can start a Practice Enterprise in your school, college, university, vocational training institution, company or training centre. Our learning-by-doing methodology is transferrable to a number of target groups including students, unemployed, disabled and even for retraining in real companies. Click here to learn more and find out how you can start a Practice Enterprise. Have a question? CONTACT US!