Practice firm
Overview
A Practice Firm (PF) works like a real company. Being present on the international market of PFs means constantly sustaining business relations with other practice enterprises. According to their line of business, the trainees will tackle all real life business cases – they will deal with suppliers, market the products and services offered by the practice firm, push sales, do accounting tasks and take management decisions, while having to cope with all the administrative and commercial challenges one faces in a true business.
Our Practice firm MIRAQS is member of the Tunisian Practice Firms Network (REET)
THE TRAINING ENVIRONMENT
To make the experience as realistic as possible, each learning space in APBS Practice
Firm (MIRAQS) is divided into different sections that represent the different
departments of a business such as reception, purchasing, human resources, operations
and marketing.
The PF approach emphasizes learning in four key areas:
Ownership
Trainees take responsibility for their own learning.
Experiential
Trainees’ learning is authentic and realistic.
Cooperative
Trainees learn with and from others and understand the dynamics of working as part of a team.
Reflective
Trainees experience the consequences of their decisions and apply that learning to future challenges.
HOW DOES A PRACTICE FIRM WORK ?
Learning by Doing
From the viewpoint of training, the practice firm allows for authentic business practice, as well as professional and didactic reappraisal.
This simulation of the economic reality will support the trainees’ self-starting qualities, creativity, entrepreneurship, responsibility, teamwork, and language skills – in a nutshell, those key credentials that are also relevant for life-long learning.
Process & Tasks in the Practice Firm
- Correspondence, using the most up-to-date software
- Dealing with incoming mail
- Using the telephone, the fax, internet
- Working on the PC, using graphics software
- Designing advertising media, like for example crafting catalogues
- Preparing and giving presentations
- Dealing with customers, suppliers, business partners
- Purchasing and selling
- Importing and exporting
- Developing strategic plans
KEY PLAYERS
In APBS Practice Firm (PF), the trainees are the ‘employees’ and ‘managers’ of their business. They work in teams undertaking the tasks required by a particular PF department; for example, Finance and Purchasing, Administration, Human Relations, and Sales and Marketing.
The APBS certified trainer facilitates all the Practice Firm activities: motivating, challenging and supporting the trainees as they take on new roles that are often quite different from the usual workplace learning activities.