The latest version of SimVenture Evolution is now live with exciting enhancements to the online business simulator including the addition of sustainability features.
Due to popular demand from educators, learners, and industry specialists, we’ve made some powerful additions to our online business strategy game that we’re sure you’re going to enjoy – including a new sustainability feature.
Below you will find an overview of all the new enhancements that make SimVenture Evolution the most advanced business simulation on the market. We’ll walk you through each change and what this will mean for you; and you will also get a glimpse into what exciting developments are coming up next.
New sustainability features reflecting real-world sentiment
To reflect the ever-growing importance of sustainability in the real-world of business, we’ve added features on the topic in the latest release of SimVenture Evolution. Learners can now select a range of options to improve their sustainability rating. Based on their decisions, this will potentially impact how their simulated company is perceived by their customers.
The sustainability options that have been added include:
• Product Design
The range of options demonstrates to learners the multi-faceted importance of sustainability in real-world business strategy. This addition also complements our ideation and business planning platform, SimVenture Validate, where sustainability has been added to the Business Model Canvas.
These additions mark the beginning of a journey to reflect the importance of sustainability in the business simulation. Watch out for further developments in the near future.
New history items including sustainability added allowing learners to make more informed decisions about their sim company
New data items have been added to the history section of the simulation to provide learners with more detail about the progress of their sim company. This additional information will help learners to analyse the outcomes achieved at the end of each business quarter. It will also help learners to identify potential business challenges they need to address at any stage. The added history items include:
• Space Usage
• Production Usage
• Workers Used
• Returns v Sales
• Market Share
These and other data items are also incorporated in the new History Overview screen, which we’ll go into in more detail next.
All new history overview screen gives users a visual representation of the performance of their business
Complementing the additional history data items, the History Overview screen provides learners with the ability to visualise the performance of their simulated business at the end of each business quarter.
The page brings together key data in a user-friendly format with colour codes to highlight areas of concern and success. The History Overview screen also allows learners to quickly identify trends to help them make well informed business decisions based on the data.
Educators can now monitor the total time learners spend on the business simulation
Educators using SimVenture Evolution can now view a table in the administrator panel that shows student engagement levels.
Using the administrative tool educators can monitor how and when learners are using the business simulation. Educators can also identify students who are highly engaged with simulator activities that have been assigned to them.
Improved translation editor
If like us you love your tech, you’ll be interested in some behind-the-scenes developments. We are delighted to announce that our technical team has created a smoother process to allow SimVenture Evolution to be translated. This technical update also allows the simulation to be translated into the right-left orientated languages. Look out for the Arabic version which is being published before Christmas!
SimVenture Evolution Interactive is coming soon!
Finally, we are excited to announce that extensive development is currently underway to create an even more immersive and guided approach to learning with SimVenture Evolution.
Simpler, more focused activities are being developed which will guide learners through ‘Business Basics’. Activities allow people to learn commercial concepts in a step-by-step manner. We are also finalising a system which will test knowledge at key stages of simulation activity to allow learners to demonstrate their understanding through summative assessment questions.
SimVenture Evolution Interactive is designed to promote active, independent learning, saving you time along the way.
The online business simulation platform is now ready to accommodate this important new development and work will commence on creating activities in the very near future.
We really hope you enjoy the new release of our innovative online business simulator.
If you have any questions at all for our team about the recent developments or would like to arrange a demo of SimVenture Evolution, please don’t hesitate to get in touch.