Virtual Business Management Challenge

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Knowledge Matters is sponsoring the Virtual Business Management Challenge, an official competitive event. This event will be based on the Virtual Business–Management Online simulation. FBLA members will use the simulation to test their skills at managing their own manufacturing business and will compete against students across the country. Members will experience real world business concepts such as recruiting, hiring and supervising employees, productivity and efficiency, sales, risk management, and more.

The Virtual Business Management Challenge is February 3, 2025, 10:00am to February 28, 2025, 5:00pm.

The top 20 nationally ranked teams from each qualifying round will qualify to compete in a virtual final round to take place online April 1-5, 2014. Only one team per state per round may qualify.

FBLA high school members will be able to participate in both qualifying rounds for both tracks of this Virtual Business Challenge (VBC) event. One track focuses on personal finance, and the other, management. Each track encourages FBLA members to test their skills within its particular Virtual Business environment – individually or as a team of up to three members.

Virtual Business
Personal Finance Challenge

The Virtual Business Personal Finance Challenge encourages FBLA members to test their financial literacy skills. Participating teams will be making personal finance decisions for a simulated person. The concepts students will be managing include opening bank accounts, paying bills, filing taxes, applying for jobs, enrolling in educational courses, paying for goods, applying for credit cards, determining schedules, budgeting, and more. For each round, teams will be ranked based on their person’s net worth after running the simulation for two virtual years.

Virtual Business
Business Management Challenge

The FBLA Virtual Business Management Challenge encourages FBLA members to test their skills at managing either a bicycle manufacturing business or a blue jeans manufacturing business. Students will be limited as to which concepts they are able to control during each of the qualifying rounds. What participants control will include various combinations of the following concepts: recruiting/hiring/supervising employees, risk management, organizing floor layouts, bidding on orders and more. For each round, teams will be ranked based on their business’ cumulative profit after running the simulation for six virtual months.

Awards

First & Second Challenge: (Top eight nationally ranked teams)

  • Recognition under the FBLA area at www.KnowledgeMatters.com

FBLA Virtual Business Challenge Final Round (Both Tracks)

National Champions – 1st Place

  • $1,000/team

2nd Place

  • $500/team

3rd Place

  • $250/team

Teams that place first through tenth within the final round of both Virtual Business Challenge tracks will be recognized at the FBLA National Leadership Challenge.

>> More Information: Knowledge Matters Virtual Business Challenge

See Mr. Peregrin on or before Friday, January 31, 2025 in order to register to participate in the Virtual Business Challenge.

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