25. October 2001 19:00
The International Business Practice Firm (IBPF) at Moraine Park Technical College is working on the continuation of their virtual business, Gifts Unlimited; an online business that sells gift baskets.
The IBPF, one of the courses in Moraine Park's Marketing Program, is a simulated business that mirrors the real world. With the assistance of instructors, students maintain Gifts Unlimited, and now transact business with other student-run IBPF's via the Internet.
Students from the class recently visited Bank One of Fond du Lac to meet with Steve Michaels, assistant vice president. Michaels reviewed the business plan and budget, and gave recommendations, which are now being implemented.
The IBPF is part of the Mercer Network, which is coordinated by Mercer County Community College in Trenton, N.J. Currently, there are approximately 3000 practice firms worldwide with 15 in the United States. The network is primarily comprised of community colleges, but also involves some four-year institutions.