FAQ
What is a practice enterprise?
The practice enterprise is a hands-on learning model that closely simulates real-world business operations. It serves as a "workshop" for commercial training, where learners become familiar with economic processes and challenges through various tasks and activities. This action-oriented learning arrangement specifically prepares graduates for immediate employment in a commercial environment.(1) Practice firms can be found in vocational schools, universities, technical colleges, adult education institutions, and commercial training workshops. (2)
Vgl.:
(1) URL: https://www.bmbwf.gv.at/Themen/schule/schulsystem/sa/bmhs/kfm/uebungsfirmen.html
(2) URL: https://act.at/info/was-sind-uebungsfirmen/wo-gibt-es-uebungsfirmen/
What are the aims of a practice enterprise?
In the practice enterprise, theory and practice are directly connected, allowing commercial knowledge in areas like purchasing, sales, marketing, and accounting to be immediately applied and reinforced. The use of standard software facilitates the transition to real-world work. Learners act independently, experiencing the consequences of their decisions and developing problem-solving skills. Communication and teamwork are key, and interaction with other practice firms fosters social competence. Hierarchical roles offer additional learning opportunities. Instead of lectures, problems are addressed and solved collaboratively through practical approaches. (3)
(3) Vgl.:
URL: https://deutscher-uebungsfirmenring.de/wp-content/uploads/2021/05/ZUEF_Broschuere_2021.pdf
How does our practice enterpriseoperate?
In our practice enterprise, participants of the semester apply for positions in departments like PC East, West, South, or Corporate Support. (You can find more details about these departments on our website under the relevant section.) After thorough onboarding into the processes, they independently manage business transactions, place orders, handle accounting and payroll, and implement marketing strategies. The work is highly practical and supported by market-standard business software, which in our case is BMD.
When establishing a new practice enterprise, we develop an annual plan that outlines educational and business priorities. Strategic and operational goals are set. Our partner company, Raiffeisenlandesbank (RLB), supports us as a major sponsor. Participants document their work to track performance and hold regular meetings with the management. (1)
(4) Vgl.:
URL: https://act.at/info/was-sind-uebungsfirmen/wie-arbeiten-uebungsfirmen/
How does trading in the practice enterprise market work?
In the world of practice enterprise, there are two main customer groups:
1. Other practice firms as business clients:
Most of a practice enterprise trade is with other practice enterprise, which expect timely responses to inquiries, orders, and invoices. Business clients purchase raw materials, goods for resale, or services like company outings or website design. Participants compare prices, quality, and services to choose the best deals.
2. Participants as consumers:
Participants in the practice enterprise receive wages, often based on real-world pay scales. This income flows back into the practice enterprise market as consumer demand, generating sales and business transactions. (5)
Vgl.: (5) URL: https://deutscher-uebungsfirmenring.de/wp-content/uploads/2021/05/ZUEF_Broschuere_2021.pdf
Where do the members of the practice enterprise work?
Our office is located in the RESOWI building, section F, and is used by the staff of UniLine. You can reach us during our regular office hours on Tuesdays from 12:00 to 3:00 PM. Additionally, we may also be in the office on other days, as the students of UniLine can arrange their working hours and organize their work schedules as it suits them best.