The plan of organization includes local chapters in colleges and universities, state chapters, and the Phi Beta Lambda national association. Phi Beta Lambda chapters are supervised by advisers, business instructors, school administrators, and business and professional men and women, who assume the responsibility for guiding the plans and activities of the chapters. PBL members participate in a broad range of projects and ventures both on and off campus. They initiate business ventures, organize community service projects, attend state and national leadership conferences, participate in fundraisers, and create publications. Members gain a competitive advantage in the business world by interacting with local companies and their executives.
Students also have the opportunity to win accolades on the state and national levels.
Through participation in these activities, students are better prepared for careers, graduate school, and life. The workshops at the conferences provide business-related and personal educational opportunities, while event competition allows students to gain recognition for their business and leadership knowledge.