What is MyPEC?
MyPEC (Malaysia Practice Enterprise Centre) is a lifelike entrepreneurship and business simulation program based on a hands-on learning-by-doing approach.
At MyPEC, participants get the chance to learn and experience the rigmaroles of a business from A to Z through a simulated business environment called a Practice Enterprise (PE).
The program covers core themes of entrepreneurship such as idea to market, business process, business acumen, business measurement, core human skills, governance and values.
The learning-by-doing methodology emphasizes hands-on practical learning by actually doing all the processes in a business. The simulated set-up also provides for a safe and risk-free environment where trainees are encouraged to learn from mistakes.
The Practice Enterprise
Participants run the virtual business known as a Practice Enterprise (PE) in a simulated economy supported by a behind-the-scene team that simulates the virtual economy from role playing suppliers, customers, compliance authorities etc.
Technological tools based on current industry practices are embedded and utilized such as accounting software, bank account, business directory and more.