| Revision as of 18:58, 14 December 2012 editBbb23 (talk | contribs)Autopatrolled, Administrators270,140 edits Undid revision 528048703 by Sackofrye (talk) - do this again and you risk being blocked← Previous edit | Revision as of 23:35, 30 May 2015 edit undoSlashme (talk | contribs)Autopatrolled, Event coordinators, Extended confirmed users, New page reviewers, Pending changes reviewers27,176 edits This really should have its own article. Re-create with references and new text.Next edit → | ||
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| A '''practice firm''' (also known as a '''practice enterprise'''<ref name=APE-EPI>{{cite web|title=About Practice Enterprises|url=http://cms.europen.info/index.php?id=31|website=EUROPEN-PEN International|accessdate=30 May 2015}}</ref>, '''practice firm'''<ref name=CPFN>{{cite web|title=What is a practice firm?|url=http://www.rcee-cpfn.ca/index.php?lang=en|website=Canadian Practice Firms Network|accessdate=30 May 2015}}</ref>, or '''virtual company'''<ref name=LA-NYT>{{cite news|last1=Alderman|first1=Liz|title=In Europe, Fake Jobs Can Have Real Benefits|url=http://www.nytimes.com/2015/05/31/business/international/in-europe-fake-jobs-can-have-real-benefits.html?_r=0|accessdate=30 May 2015|work=The New York Times - International Business|publisher=The New York Times company|date=29 May 2015}}</ref>) is a simulated company that is run like a real business, simulating a normal company's business procedures, products and services, and resembles a real company in its form, organization and function. Practice firms trade with each other, and are organised nationally and internationally. There are around 5000 practice firms in Europe, and at least 2500 outside Europe.<ref name=LA-NYT /> Practice firms are often supported by government programs, and usually aim to provide general training over a period of around six months, without providing certificates of achievement.<ref name=ZEW>Discussion Paper No. 07-009, '''', Bernd Fitzenberger and Robert Völter, Centre for European Economic Research.</ref> | |||
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| Practice firms provide a means for unemployed people to upgrade their skills, widen their network of contacts, and maintain the dignity associated with the appearance of gainful employment<ref name=LA-NYT />. A practice firm is organised and operated by trainees, with a facilitator acting as a coach.<ref name=EPI-what>{{cite web|title=What is a practice enterprise|url=http://www.penworldwide.org/practiceenterprise.html|website=Europe-PEN-International|accessdate=30 May 2015}}</ref> Practice firms are also often supported by "mentor companies" who provide guidance and technical information.<ref name=EPI-what> | |||
| ==References== | |||
| {{reflist}} | |||
Revision as of 23:35, 30 May 2015
A practice firm (also known as a practice enterprise, practice firm, or virtual company) is a simulated company that is run like a real business, simulating a normal company's business procedures, products and services, and resembles a real company in its form, organization and function. Practice firms trade with each other, and are organised nationally and internationally. There are around 5000 practice firms in Europe, and at least 2500 outside Europe. Practice firms are often supported by government programs, and usually aim to provide general training over a period of around six months, without providing certificates of achievement.
Practice firms provide a means for unemployed people to upgrade their skills, widen their network of contacts, and maintain the dignity associated with the appearance of gainful employment. A practice firm is organised and operated by trainees, with a facilitator acting as a coach. Practice firms are also often supported by "mentor companies" who provide guidance and technical information.<ref name=EPI-what>
References
- "About Practice Enterprises". EUROPEN-PEN International. Retrieved 30 May 2015.
- "What is a practice firm?". Canadian Practice Firms Network. Retrieved 30 May 2015.
- ^ Alderman, Liz (29 May 2015). "In Europe, Fake Jobs Can Have Real Benefits". The New York Times - International Business. The New York Times company. Retrieved 30 May 2015.
- Discussion Paper No. 07-009, Long-Run Effects of Training Programs for the Unemployed in East Germany, Bernd Fitzenberger and Robert Völter, Centre for European Economic Research.
- "What is a practice enterprise". Europe-PEN-International. Retrieved 30 May 2015.