Beginning as a pilot project in 2013-2014, the West Virginia Department of Education will implement a new initiative. The initiative will enhance the delivery and changes the culture of career and technical education (CTE). The initiative will be rolled out to all state approved CTE programs over a three year period and will transform traditional classrooms to emulate business structures, processes and expectations.
By design, each CTE program will become a simulated West Virginia company with a beginning net worth of $1,000,000. The company will be evaluated annually based on the increase or decrease in the company's net worth value, reflective of specified factors (student mastery of the content as measured by formative or summative assessments, completion of projects, student placement, attendance, quality and timeliness of work, and customer service). To the extent possible, each CTE program will be expected to meet the same expectations that similar businesses would be required to address if they are to remain profitable.
Students will collectively develop quarterly and annual reports that indicate the growth or decline in the company's net worth, based on student performances and outcomes of the company. These reports will be used by the instructor and students to adjust processes, procedures and instruction to improve profitability.