Virtual Enterprises (VE) is a simulated business that is set up and run by students. This program allows students to experience, in a simulated business environment, all facets of being an employee in a firm. This workplace simulation enables students to understand how employees, workgroup teams, and departments interact with each other and work together for the goal of the company.

With communication links to nearly 3,000 firms around the world, the VE exposes students to different cultures, business practices and currencies and gives students a broader international perspective. Students engage in hands-on applications, problem solving and written and verbal communication. In addition, students learn about a variety of careers associated with business and industry, acquire global economic knowledge, and use technology as applied in business, including the use for global transactions and communications.

CEO and EVP: The company has a Chief Executive Officer and an Executive Vice President who provide guidance to the company, and oversee all department tasks.

 

Marketing/Sales: Plan and execute marketing, advertising and promotional strategies for the business.

 

Research and Layout: Carry out the task of creating company logo, business plan presentations, company website, etc.

 

Human Resources: Handles payroll, all personnel issues, including the development of Employee Manual (outlining company policies and procedures), the hiring and firing of employees, and employee evaluations. The department also manages the 401(K) plans for the employees.

 

Purchasing/Administration: Develop and maintain purchasing records and identify the capital needs of the business.

 

Accounting: Handles all monetary transactions, including accounts receivable, accounts payable as well as the company banking including accounts receivable, accounts payable as well as the company banking system.

CEO and EVP of Torque Enterprise 2007-2008

Torque Enterprise’s Accomplishments:

 

2006 Queens Business Plan Competition  First Place

2006 NYC Trade Fair – Best Sales Pitch

2007 Queens Business Plan Competition  First place

2007 Citywide Business Plan Competition  Finalist