Simformer - business simulations for education. What is it?

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Transcript of Simformer - business simulations for education. What is it?

Kaspars RozeGlobal Head of Business Development

Minvydas LatauskasHead of Product Development

Simulations for business and education

PRACTICEKNOWLEDGE SKILLS+ =

training, education, and personnel assessment, based on business simulations

Simformer formula

What we add to knowledge

PRACTICEKNOWLEDGE SKILLS+ =

On-line 24/7

Off-line

MOOCMOOC

MOOC

Universities

Universities

Universities

Trainers

How we do this

BUSINESS SIMULATION

DEVELOPMENT TOOLS

LMS

Text, video, audio, PDF…Flexible learning processPopular LMS: Moodle

Create and customize simulationUpload and adapt your contentManage individual or group dynamic

1 000 000 registered users50 000 active players

Direct access 24/7Single and Multi-userP2P non stop simulationAll core business processes20+ industries, 200+ productsMarketingStrategyFinanceLogisticSalesR&DHR…

How it works: examples

Vilnius University & Simformer

Quality management course byDr. Dalius Serafinas

PRACTICEKNOWLEDGE SKILLS+ =

The problem — to understand Quality management you need:Systematical view of the business and its processesKnowledge of the whole business value chainPractical experience in business management

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,,The solution:

Business simulation with global virtual economy in order to form an understanding of the business as a systemKeep the focus on QM and how it’s linked with other business processes

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Quality management course

Quality management course byDr. Dalius Serafinas

Theory

Cases

Seminars

Virtual economic and business

Connecting theory and practice

Real and virtual business based case studies

PRACTICEKNOWLEDGE SKILLS+ =

System comprehensive approach

Decision making

Analytical skills

Course timeline and results

MARCH APRIL MAY

StartBusiness simulation

based exam

60 studentsManaged

22 virtual companies2

bankrupt3

billionaires

17profitable

Student`s feedback

Business Information Management is a study program of great value.

Quality management is not only good shoes.

Students can enjoy learning a lot.Experience & „know how“ > $.

It is not that easy to be a businessman.

Learned that business is not a ”mystical creature“.

In this game I have gained a beter understanding of academic side of the study as well as analytical and practical side of business.

How can one actually utilize university knowledge in business!

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Teacher feedback

Dr. Dalius Serafinas

Teaching: helping to learn and understand

Less preparations: virtual economy does the job

Theory > virtual business > real business

Cross subject teaching

Developing practice based skills

Sharing the knowledge

Huge student involvement

Systematical approach to business management

Knowledge sharing among students

Highly impressed business representatives

Quality management course on Simformer

BUSINESS SIMULATION

DEVELOPMENT TOOLS

LMS

Theory, Cases, Syllabus, Classic students evaluation, …

Simulation configuration for Quality management course

Students evaluation in simulation

Dynamic virtual business environment available online 24/7/365

Virtual business based case studies

Group and individual assignment

On-site and distance tasks

UniCredit & Simformer

22 regional top managers

Team and individual setup

6 non-stop hours

…develop strategic thinking, analytical skills, creativity, resistance to stress, ability to make quick decisions in limited time…

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,,Initial task

Simformer decision

A very dynamic business game:3 hours classic training + 3 hours in business simulation

Corporation in financial distress

Recalculations

Game rules

Game results

10:00 11:00 12:00 13:00 14:00 15:00

Task

Task execution

Presentation

Analysis

Task

Task execution

Presentation

Game formats

Team setupIndividual setup

ANALYTICAL SKILLS

STRATEGIC THINKING

DECISION-MAKING

ACTIVITY

TEAMWORK

LEADERSHIP

ACTIVITY

COMMUNICATION SKILLS

Participant and customer feedback

…the scores for NPS in excellent…

…70% of participants would actively recommend Simformer game moderators as trainers…

… 65% of them would actively recommend the training…

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Business game on Simformer

BUSINESS SIMULATION

DEVELOPMENT TOOLS

LMS

Game concept video, Practice, Cases, Assignment, …

Simulation configuration for business game

Participant evaluation in simulation

Dynamic virtual business environment available online 24/7/365

Virtual business based case studies

Group and individual assignment

On-site and distance tasks

Change your education

Apply Simformer to minimize the gap between reality and different types of education,

seminars, and trainings.

Learn faster, better.

Reality

MOOCAcademic Education

Trainings

Seminars

Corporate Education

Create, support, develop on-line and on-site

training and education products anywhere anytime.

Access simulations on-line 24|7|365.

Add new value to existing education, training and employee assessment solutions.

Join the gamification trend in the e-industry.

Simulation

SIMULATED REALITY NEW VALUE 24|7|365

Kaspars RozeGlobal Head of Business Development

Minvydas LatauskasHead of Product Development

You questions?