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A business simulation is a simulation based learning game used for training or educational purposes.
With a business simulation you will run a virtual business risk-free in a realistic environment based on the relevant syllabus.
The learning objectives for a business simulation cover decision making, problem solving, financial analysis, strategic thinking, market analysis, operations, leadership and teamwork.
With the Simformer Business Simulation you can cover these objectives and let your students see how business decisions and numbers fit together.
No, you do not need to install anything. You just need an internet connection and a browser, we recommend Firefox, Chrome, Opera, Safari, etc.
Depends on the type of simulation (course or business game) you can access. Intensive simulation (hourly turns) – you have approximately 55 minutes for data analysis, decision-making, and command input. Classic simulation (daily turns) – you have approximately 22-23 hours. The duration of recalculations (data processing between the turns) can vary depending on the number of participants and their activity. Usually, in Intensive simulation, it’s from 1 to 3 minutes, while in Classic simulation it’s up to an hour.
You need to access the simulation (by clicking on the button “Enter Simulation”), create your virtual company (enter the name and approve to continue), and afterward, click “Start the training.” Your starting conditions will vary depending on the type of game or course
Yes, there can be more than one starting scenario to choose from. Some games can give you more than one scenario to choose from at the start of the simulation.
It depends on the course or business game that you can access.
All business games have an introduction part, and hints and tutorials are also available. We always recommend starting with learning about the simulation and how it works.
If you are a student or event participant – every game has a team of facilitators/moderators/teachers. They will provide all the necessary information. Also, you can ask them if you have questions.
The general rule of thumb is to create a company, make it profitable, and complete tasks provided by your facilitator or teacher
If you have enough money to purchase them, ordered goods or supplies will arrive after the recalculation, which means the next turn. Take note, that factories or stores will require an additional recalculation to start production or sales. That means you will need an additional turn to see the results.
No there is no pause button. Like in real life, we cannot stop time, but we can prioritize. And that’s exactly what you need to do in this simulation.
Simformer Business Simulation is a persistent simulated business environment, therefore it’s natural that you will encounter other participants of the simulation. These participants can be the same group as you, or they can be from other groups – students from universities, trainees from corporations, or individual learners. You can cooperate with them, or you can compete with them.
Interaction with other participants of the simulation can be done in the following ways:
Independent suppliers are created specifically for your training group. Other participants of the simulation will not see your independent suppliers. However, that does not mean they do not have their own independent suppliers. The setup conditions of independent suppliers can be different.
Other wholesale traders are real participants.
The essential difference is – Independent suppliers’ proposition will always be the same – order limit, quality, and price will always stay the same. While real participants of the simulation can be more flexible with their pricing, and can also develop their products by increasing the quality. However, their supply is limited, prices can be increased, and their mistakes might leave you without receiving any goods whatsoever. Real participants can also change the supply order or cancel the order altogether, thus there is always a certain risk involved.
Go to marketing reports in the “City retail” section or go to “Analytics” > “Market analysis”.
