Simformer - unique educational platform based global online business simulation

1. Kaspars Roze
Global Head of Business Development
Minvydas Latauskas
Head of Product Development
Simulations for business and education

2. PRACTICEKNOWLEDGE SKILLS+ =
training, education, and personnel assessment,
based on business simulations
Simformer formula

3. What we add to knowledge
PRACTICEKNOWLEDGE SKILLS+ =
On-line 24/7
Off-line
MOOC
MOOC
MOOC
Universities
Universities
Universities
Trainers

4. How we do this
BUSINESS SIMULATION
DEVELOPMENT TOOLS
LMS
Text, video, audio, PDF…
Flexible learning process
Popular LMS: Moodle
Create and customize
simulation
Upload and adapt your
content
Manage individual or group
dynamic
1 000 000 registered users
50 000 active players
Direct access 24/7
Single and Multi-user
P2P non stop simulation
All core business processes
20+ industries, 200+ products
Marketing
Strategy
Finance
Logistic
Sales
R&D
HR
…

5. How it works: examples

6. Vilnius University & Simformer
Quality management
course by
Dr. Dalius Serafinas
PRACTICEKNOWLEDGE SKILLS+ =
The problem — to understand Quality management you need:
Systematical view of the business and its processes
Knowledge of the whole business value chain
Practical 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 system
Keep the focus on QM and how it’s linked with other business
processes
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7. Quality management course
Quality management
course by
Dr. 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

8. Course timeline and results
MARCH APRIL MAY
Start
Business simulation
based exam
60 students
Managed
22 virtual companies
2
bankrupt
3
billionaires
17
profitable

9. 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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10. 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

11. 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

12. 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

13. 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
…
…
…
…

14. Game formats
Team setupIndividual setup
ANALYTICAL SKILLS
STRATEGIC THINKING
DECISION-MAKING
ACTIVITY
TEAMWORK
LEADERSHIP
ACTIVITY
COMMUNICATION SKILLS

15. 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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16. 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

17. Change your education
Apply Simformer to minimize
the gap between reality and
different types of education,
seminars, and trainings.
Learn faster, better.
Reality
MOOC
Academic
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

18. Kaspars Roze
Global Head of Business Development
Minvydas Latauskas
Head of Product Development
You questions?