The Virtual Business Challenge will contain ICDC qualifying events.
Online Simulation Available at: http://vbc.knowledgematters.com/vbc/
Virtual Business Challenge Accounting (Pilot)—VBCAC
In the VBC Accounting (VBCAC) pilot track, participants will: n use forensic accounting to identify fraud & errors and use managerial accounting techniques to maximize profits n analyze accounting documents such as T-accounts, worksheets, journals & the general ledger as well as source documents such as time sheets, customer invoices, pay records and more in order to identify issues
Virtual Business Challenge Hotel Management—VBCHM
In the VBC Hotel Management (VBCHM) track, participants will: n manage different aspects of a hotel such as revenue management, group sales, marketing, front desk operations, banquets/meetings, housekeeping and more n interpret industry specific reports such as the Group Sales PACE Report, the STAR Competitive Report, the Market Data Report, the Daily Revenue Report and more in order to assist with making informed decisions and implementing strategies that will optimize profitability
Virtual Business Challenge Personal Finance—VBCPF
In the VBC Personal Finance (VBCPF) track, participants will: n manage bank accounts, credit and debit cards, bills, credit scores, taxes, insurance and investing n interpret actions, charts and graphs to make strategic financial decisions and optimize net worth
Virtual Business Challenge Restaurant—VBCRS
In the VBC Restaurant (VBCRS) track, participants will: n manage specific marketing and business concepts such as market research, menu design and pricing, advertising strategies and purchasing within their own restaurant n interpret actions, reports and financial information in order to make strategic marketing decisions for their restaurant to optimize profitability
Virtual Business Challenge Retail—VBCRT
In the VBC Retailing (VBCRT) track, participants will: n manage specific marketing concepts such as pricing, purchasing and promotion within their own convenience store n interpret actions, charts and graphs in order to make strategic marketing decisions for their store to optimize profitability
Virtual Business Challenge Sports—VBCSP
In the VBC Sports (VBCSP) track, participants will: n manage specific marketing concepts such as ticket pricing, media planning and sponsorships within their own football franchise n interpret actions, charts and graphs in order to make strategic marketing decisions for their franchise to optimize profitability
Stock Market Game
Participants in the SIFMA Foundation Stock Market Game develop and manage an investment portfolio. The Stock Market Game is conducted via the Internet and allows DECA members to test their knowledge and skills against other DECA members in an online competition. Each participating team manages all aspects of the portfolio including stock selection, buying and selling. The goal of the competition is to increase the value of the beginning portfolio.
I. EXECUTIVE SUMMARY One-page description of the project
II. ANALYSIS OF PORTFOLIO PERFORMANCE
III. RATIONALE
A. Explanation of research conducted prior to selection of stocks and/or funds
B. Strategy used to diversify investment portfolio
C. Description of how selected stocks and/or funds fit strategy
IV. CONCLUSIONS AND FINDINGS
A. Explanation of strategy effectiveness
B. Proposed changes in strategy for future investments
V. CHARTS/DIAGRAMS OF PORTFOLIO PERFORMANCE
VI. BIBLIOGRAPHY
VII. APPENDIX (An appendix is optional)
Online Simulation Available at: http://vbc.knowledgematters.com/vbc/
- A team member may be on an accounting (pilot), a hotel, a personal finance, a restaurant, a retail and a sports team at the same time; however, a team member may not be on two accounting (pilot), two hotel, two personal finance, two restaurant, two sports or two retail teams at the same time.
- No additional team members may be added once a team has registered.
- Participants in the DECA Virtual Business Challenge (VBC) operate a computerized business simulation utilizing a competition version of the Virtual Business software. The VBC qualifying rounds are conducted via the Internet, where participants post competition scores for chartered association, regional and overall rankings.
- For all tracks, the top two teams from each region from each of the qualifying rounds will be eligible to compete at ICDC.
Virtual Business Challenge Accounting (Pilot)—VBCAC
In the VBC Accounting (VBCAC) pilot track, participants will: n use forensic accounting to identify fraud & errors and use managerial accounting techniques to maximize profits n analyze accounting documents such as T-accounts, worksheets, journals & the general ledger as well as source documents such as time sheets, customer invoices, pay records and more in order to identify issues
Virtual Business Challenge Hotel Management—VBCHM
In the VBC Hotel Management (VBCHM) track, participants will: n manage different aspects of a hotel such as revenue management, group sales, marketing, front desk operations, banquets/meetings, housekeeping and more n interpret industry specific reports such as the Group Sales PACE Report, the STAR Competitive Report, the Market Data Report, the Daily Revenue Report and more in order to assist with making informed decisions and implementing strategies that will optimize profitability
Virtual Business Challenge Personal Finance—VBCPF
In the VBC Personal Finance (VBCPF) track, participants will: n manage bank accounts, credit and debit cards, bills, credit scores, taxes, insurance and investing n interpret actions, charts and graphs to make strategic financial decisions and optimize net worth
Virtual Business Challenge Restaurant—VBCRS
In the VBC Restaurant (VBCRS) track, participants will: n manage specific marketing and business concepts such as market research, menu design and pricing, advertising strategies and purchasing within their own restaurant n interpret actions, reports and financial information in order to make strategic marketing decisions for their restaurant to optimize profitability
Virtual Business Challenge Retail—VBCRT
In the VBC Retailing (VBCRT) track, participants will: n manage specific marketing concepts such as pricing, purchasing and promotion within their own convenience store n interpret actions, charts and graphs in order to make strategic marketing decisions for their store to optimize profitability
Virtual Business Challenge Sports—VBCSP
In the VBC Sports (VBCSP) track, participants will: n manage specific marketing concepts such as ticket pricing, media planning and sponsorships within their own football franchise n interpret actions, charts and graphs in order to make strategic marketing decisions for their franchise to optimize profitability
Stock Market Game
Participants in the SIFMA Foundation Stock Market Game develop and manage an investment portfolio. The Stock Market Game is conducted via the Internet and allows DECA members to test their knowledge and skills against other DECA members in an online competition. Each participating team manages all aspects of the portfolio including stock selection, buying and selling. The goal of the competition is to increase the value of the beginning portfolio.
- 1-3 Participants ($14.00 for semester session or $25.00 for year long)
- 11 Page Written Report & 15 Minute Presentation
- Competition Information Available at: http://deca.smgww.org/
- The Stock Market Game will contain one (1) ICDC qualifying event to take place from September 8 through December 12, 2014.
- Each team must have completed a minimum of three (3) executed stock purchases during the first seven weeks of the game (deadline is close of trading, October 24, 2014). In addition, each team must hold three (3) different stocks at the end of the game.
- The body of the written entry must be limited to 11 numbered pages, not including the title page and the table of contents. n The Written
- The top 25 teams from each region will qualify to present their portfolio at ICDC. Students competing at ICDC in the Stock Market Game may not compete in another ICDC event
I. EXECUTIVE SUMMARY One-page description of the project
II. ANALYSIS OF PORTFOLIO PERFORMANCE
III. RATIONALE
A. Explanation of research conducted prior to selection of stocks and/or funds
B. Strategy used to diversify investment portfolio
C. Description of how selected stocks and/or funds fit strategy
IV. CONCLUSIONS AND FINDINGS
A. Explanation of strategy effectiveness
B. Proposed changes in strategy for future investments
V. CHARTS/DIAGRAMS OF PORTFOLIO PERFORMANCE
VI. BIBLIOGRAPHY
VII. APPENDIX (An appendix is optional)
