Business Simulations and Economics Games
Virtonomics is 18 years old!
December 19th, 2024Traditionally, Virtonomics celebrates its birthday in mid-December. This year the project has already turned 18! As usual, for this date we have prepared a number of gifts for our players: launch of a new product line the appearance of a new country on the map – Australia Total number of cities – 10: Melbourne (5,103,500); Sydney […]
Last updates
December 13th, 2024We are resuming our regular Last Uptades column, where we publish updates and fixes for notable bugs. After completing the main work on creating our new platform for corporate games Virtonomics Business Challenge, our team focused on improving the game interface and various group operations. We plan to post information about this work in this […]
Products Update November ’24
November 27th, 2024As part of the festive events for the 18th anniversary of the game, which will take place in early December 2024, we are launching a line of products from the new Semi-finished Product – EVA! We are planning several stages of introducing new production facilities, and the first part launched on November 27, meet us! […]
Virtonomics Business Challenge is a new marketing tool for banks.
September 26th, 2024Business simulation competitions for students and company management games for employees. Virtonomics Business Challenge is a user-friendly and easy-to-use platform for student competitions and business management championships online in economic games and business simulations. The best solution for business schools, universities, colleges, business incubators, large corporations and small businesses, entrepreneurial and managerial communities. In the […]
Virtonomics Business Challenge – Docs
July 12th, 2024Methodological materials and drafts for use by Game Masters in preparing accompanying materials for Game Participants. Download, edit, and upload to your library CRISIS TERMINATOR Crisis Terminator RU – DOCS – DOWNLOADCrisis Terminator EN – DOCS – DOWNLOAD ROARING ENGINES Roaring Engines RU – DOCS – DOWNLOADRoaring Engines EN – DOCS – DOWNLOAD GROWTH AND […]
VBC Tutorial – FAQ
June 27th, 2024About platform Virtonomics Business Challenge For what tasks and for what audiences is the Virtonomics Business Challenge service intended? Business games and management competitions for business schools, universities, and college students. VBC allows teachers or heads of educational institutions to conduct competitive online business games among their students to consolidate knowledge, gain basic practical business skills, […]
VBC Tutorial – General Information about business simulation
June 27th, 2024What is the Virtonomics business simulation and what can you do here? Virtonomics is a turn-based multiplayer business game and realistic, detailed business simulation in which you manage your company, grow your virtual business, and compete with a variety of real and virtual competitors. Your goal in Virtonomics and the gameplay options available to you […]
VBC Tutorial – Macroeconomics, Demography, Taxes, Resources
June 26th, 2024World map of virtual economics The world map in Virtonomics is identical to the real geographical map. The only difference is the number of available countries in Virtonomics. There are 5 countries in Intensive format and 36 in Classic mode. You can see the Virtonomics world map by clicking on «Analytics» > «Macroeconomics». General information on […]
VBC Tutorial – Markets
June 26th, 2024Retail Market For market analysis click on «Analytics» > «Market Analysis». The information on market situations is categorized based on the following sectors: Retail market reports are one of the most important in the business simulation. It includes information about the consumer market: product price and quality, market maturity and capacity, key players, etc. The information can […]
VBC Tutorial – Taxes
June 26th, 2024PROFIT TAX Profit tax – is the basic tax levied on transactions (sales from warehouses, vacation of manufactured products by production units, retail sales in stores) and the provision of services. According to the current algorithm, the tax is accrued ‘only’ ‘for profits directly to this game recount of goods sold or services rendered. Such an algorithm eliminated […]
VBC Tutorial – Finance Management
June 26th, 2024Finance management At the beginning of the simulation, you will always receive a certain amount of money. The amount can vary, but they are necessary to maintain your company’s processes and open new subdivisions. The amount of your money funds is indicated on the top of your company’s homepage. It is always visible whenever you perform […]
VBC Tutorial – Sales
June 26th, 2024Selling the finished goods The customers of a retail business are computer-generated. Customers can purchase products in retail stores, and gas stations, buy services in -laundries, hair salons, medical centers, etc. All other customers, who buy raw materials, and finished products are real participants in the simulation. Example of the dynamics of sales in the […]
VBC Tutorial – Equipment
June 26th, 2024Equipment: purchasing, repairing, and removing There is some sort of equipment in any type of enterprise: computers (offices), machines (factories), workout equipment (fitness centers), trawlers (fishing bases), research equipment (laboratories), etc. The equipment is selected based on the technology level of your enterprise. High technology levels require high-quality equipment. The quality of the equipment depends on the […]
VBC Tutorial – Supply Chain
June 26th, 2024Supplies and suppliers If your company has stores, warehouses, farms, health centers, or factories, collaborating with suppliers and purchase planning will be an important part of managing your company. Things to consider: A contract sample of Bread supply to the store: Bear in mind the following factors: Supply functionality in Virtonomics To manage your supplies, […]
VBC Tutorial – Marketing mix
June 26th, 2024Marketing mix Marketing management in a business simulation is based on the popular 4Р concept: (Product) The product must be in-demand in the market and have attractive price, quality, and brand. Before launching a new product or starting a manufacturing business, conduct a detailed analysis of your competition, the average city price, best price offers, quality, […]
VBC Tutorial – Strategic Planning Tools
June 26th, 2024For strategic analysis and business strategy development, use the convenient visual tools presented in the game menu: My Company / Strategy. Business Canvas Model The Business Canvas Model is a strategic management tool that allows you to describe a project on one sheet of paper, analyze it, and find strengths and weaknesses. The method was […]
VBC Tutorial – HR Management
June 26th, 2024HR management Your employees work on oil rigs, factory machines, offices, stores, laundry services, and hair salons. To manage your employees, go to «Employees and Salary» on the main page of the enterprise. Key factors in HR management: If you manage a huge international corporation, you will find the automated HR management function very useful. It will […]
VBC Tutorial – Warehouses
June 26th, 2024Warehouses Warehouses are necessary for storing supplies or raw materials. Every warehouse has its purpose and specialization (for storing oil, chemicals, manufactured products, etc.). You can select the specialization of your warehouse. When opening a warehouse, consider its size, location, and specialization. For example, opening a warehouse in Cuba when your factories or stores are located […]
VBC Tutorial – Laboratories and technology research
June 25th, 2024General Information The technology level of an enterprise has a huge influence on the production quality and staff efficiency. Laboratories are needed to research new or more advanced technologies for implementation in your enterprises. The maximum possible number of scientists and equipment depends on the size of your laboratory. The available technology level also depends on […]
VBC Tutorial – Factories and Production
June 25th, 2024Production Factories produce the widest range of goods: Each product has its production plan (suitable kind of enterprise, required raw material quality and quantity, technological and other requirements). You can find detailed information in Analytics > Reference Section. Certain enterprises can produce several goods depending on their specialization, for example: a bakery can produce bread, noodles, or pastry. You […]
VBC Tutorial – Stores and Retail Trade
June 25th, 2024Managing stores in the simulation An example of how the stores work is shown on your company’s homepage: Click on “store” and you will receive the information on store’s location, type, and products. Price, quality, and brand The business model of the store is quite simple: buying supplies (at a low price) and selling to […]
VBC Tutorial – Offices, Headquarters
June 25th, 2024All production, trading, and other enterprises are managed from the company’s offices.
Geographical and product update May ’24
May 22nd, 2024We present to your attention the game updates launched recently! Portugal Introduced Portugal is a country with an ideal agricultural climate. The total number of cities is 13, located in 3 regions: Lisbon (population 545,800) Porto (231,800) Vila Nova di Gaia (188,400) Amadora (171,500) Braga (146,500) Coimbra (106,700) Funchal (105,600) Setúbal (98,500) Almada (95,900) […]
Senegal and Peanut
March 20th, 2024Today we are introducing a major product and geographic update, including the introduction of a new crop and country. Peanut Peanuts, agricultural crop, product of the Grocery department Peanut butter, product of the Grocery department Peanut bar, product of the Food department Skin care products, product of the Pharmacy department To produce new products, 3 […]
Changing auction rules
January 25th, 2024Dear players! From January 26, 2024, some changes are being made to the rules and mechanism of auction trading. The main differences of the new rules: – after the end of the main trading time, each bid extends the trading by 15 minutes from the date it was made (there are no fixed 30-minute periods […]
Important game changes
December 8th, 2023Dear Virtonomics players! Before the next Virtonomics Birthday, we are announcing several important changes to the game that will happen today and in the near future! Over the past year, we have made quite a lot of important and useful updates and new features in the game, such as Game statuses, a new convenient Help […]
Economic game
October 26th, 2023Unleashing the Power of Economic Games Economic games are not just a digital escape; they’re a gateway to a realm of skill development and mental stimulation. They offer a multitude of benefits, from enhancing student learning to honing management skills, boosting business acumen, providing brain training exercises, and offering engaging intellectual entertainment. In this article, […]
Economy game
October 26th, 2023Introduction: The Thrilling World of Economy Games Economy games are more than just a pastime; they are your ticket to mastering the art of managing finances, resources, and strategy. These games provide a unique opportunity to step into the shoes of a business mogul, make critical decisions, and see the consequences unfold in a virtual […]
Construction brigade-2023
September 17th, 2023Today we are starting the annual Construction Brigade event!Each player can build a city in Virtonomics!Players in 5 realms (Vera, Olga, Nika, Mary, and Lien) will have an opportunity to participate. GENERAL RULESTo build a new city a player should pay a certain amount of money which depends on the location of the city and […]
VIP status system update
February 17th, 2023The system of game statuses was to the taste of our players! We plan to further develop it and expand this game mechanism. Taking into account the wishes of the players, we have made some changes to the current subscription packs:– the set Industry Master includes the service Company logo – the status Tycoon includes […]
New production specializations
February 3rd, 2023From February 1, we are launching a number of new specializations for factories. New production facilities will be used for products that contain obsolete products in their recipes, which are gradually being phased out. In new production chains, such goods are replaced by materials and semi-finished products of a new generation. The recipes have minor […]
Game balancing January 23
January 19th, 2023Dear players! In the near future, we will balance the performance of some cities and markets to eliminate noticeable distortions in the game economy. 1. Adjustment of cities in Sweden As you all know, Sweden is a unique country, designed primarily for a comfortable start for start-up companies. The parameters of cities were set by […]
16th birthday of Virtonomics
December 16th, 2022The second decade of December is marked by a special holiday — the birthday of the game Virtonomics! Today we are celebrating our 16th birthday together with our players. Thanks to all the participants with whom the project exists, develops and brings fun! As usual, we have prepared special gifts for this joyful event! 1. […]
Linen and Egypt
November 29th, 2022Today we present to your attention a large commodity and geographical update, which includes the introduction of a new crop and country. Linen and new goods Linen, crop Linen textile, department product Household goods Linen clothes, goods of the department Clothes and shoes Nemes, national Egyptian headdress, product of the department Clothes and shoes […]
Economic Strategy Game – Guide for Beginners
August 25th, 2022How to play the economic strategy game Virtonomics? What is the game about and what can you do here? Virtonomics is a turn-based multiplayer economic game where you create and manage your company and build your business empire. Your main goal in Virtonomics is to build a large competitive company that dominates the global market. […]
Markets – analysis, index, competition, references
August 2nd, 2022Retail Market For market analysis click on «Analytics» > «Market Analysis». The information on market situations is categorized based on the following sectors: Retail market reports are one of the most important in the business simulation. It includes information about the consumer market: product price and quality, market maturity and capacity, key players, etc. The […]
Macroeconomics – Demography, Taxes, Resources
August 2nd, 2022World map of virtual economics The world map in Virtonomics is identical to the real geographical map. The only difference is the number of available countries in Virtonomics. There are 5 countries in Intensive format and 36 in Classic mode. You can see the Virtonomics world map by clicking on «Analytics» > «Macroeconomics». General information […]
Management – Finance
August 2nd, 2022At the beginning of the simulation, you will always receive a certain amount of money. The amount can vary, but they are necessary to maintain your company’s processes and open new subdivisions.
Management – Equipment
August 2nd, 2022Equipment: purchasing, repairing, and removing There is some sort of equipment in any type of enterprise: computers (offices), machines (factories), workout equipment (fitness centers), trawlers (fishing bases), research equipment (laboratories), etc. The equipment is selected based on the technology level of your enterprise. High technology levels require high-quality equipment. The quality of the equipment depends […]
Management – Research and Development
August 2nd, 2022R&D: research, buying technologies and licenses The technology level of an enterprise (just like the qualification of the employees, equipment, and raw materials) has a huge influence on the production quality and staff efficiency. The technology level can be improved by conducting research in laboratories and buying licenses and technologies. Every method has its specific […]
Management – Sales
August 2nd, 2022Selling the finished goods The customers of a retail business are computer-generated. Customers can purchase products in retail stores, and gas stations, buy services in -laundries, hair salons, medical centers, etc. All other customers, who buy raw materials, and finished products are real participants in the simulation. Example of the dynamics of sales in the […]
Management – Production
August 2nd, 2022Production Production is a very exciting option in Virtonomics. With a vast choice of available industries, you can establish a huge vertically integrated company with its own supply chain. The finished goods are sold to the enterprises of real participants of the simulation. For high-quality production, you will need a high level of technology (see […]
Supply chain management
August 2nd, 2022Supplies and suppliers If your company has stores, warehouses, farms, health centers or factories, collaborating with suppliers and purchase planning will be an important part of managing your company. Things to consider: A contract sample of Bread supply to the store: Bear in mind the following factors: Supply functionality in Virtonomics In order to manage […]
Management – Marketing and advertising
August 2nd, 2022Marketing and advertising The marketing process in the simulation is based on a popular 4Р concept: (Product) The product must be in-demand in the market and have attractive price, quality and brand. Before launching a new product or starting a manufacturing business, conduct a detailed analysis of your competition, the average city price, best […]
Management – Human Resources
August 2nd, 2022HR management Your employees work on oil rigs, factory machines, offices, stores, laundry services, hair salons. In order to manage your employees, go to «Employees and salary» on the main page of the enterprise. Key factors in HR management: If you manage a huge international corporation, you will find the automated HR management function very […]
Enterprises – Warehouse
August 2nd, 2022Warehouses Warehouses are necessary for storing supply or raw materials. Every warehouse has its own purpose and specialization (for storing oil, chemical, manufactured products, etc.). You can select the specialization of your warehouse. When opening a warehouse, consider its size, location and specialization. For example, opening a warehouse in Cuba when your factories or stores […]
Enterprises – Mines and power plants
August 2nd, 2022Mining Mining allows the controlling of the initial stage of raw material production. А, consequently, its quality and prime costs. Natural resources can be either sold to other participants of the simulation or delivered to your own factories. In general, the functionality of mining and power plant enterprises resembles the production. There is production (mining), […]
Enterprises – Service sector
August 2nd, 2022Fitness centers, hair salons, and laundry services are suitable for those, who are doing their first steps in the simulation. These particular enterprises do not require dealing with suppliers, but instead there is a need to select the right location, and equipment and hire qualified staff. There is also one specific factor- there is no […]
Enterprises – Farms, mills, apiary, plantations, fishing bases.
August 2nd, 2022Agriculture: The farms, mills, apiary, cowshed, plantations have similar functionality as production subdivisions. The only difference is that instead of equipment you will have to handle livestock. You will have to buy forage from suppliers- either from your own companies or from other participants of the simulation. The aim of keeping the cowshed could be […]
Enterprises – Laboratories – R&D
August 2nd, 2022Laboratories: R&D General Information You need laboratories for technological research, which can bring you new technologies of a higher level. Building Laboratory you need the following: The maximum possible number of scientists and equipment depends on the size of your laboratory. The available technology level also depends on the size. The technology level will require […]
Enterprises – Factory
August 2nd, 2022Production sector The factory business model is not complicated: you need to buy raw materials, which will be in the factory. The finished goods can be sold to other participants in the simulation. The product quality depends on the level of technology. Qualified staff is needed In order for the factory to function. An example […]
Enterprises – Store | detailed instructions
August 2nd, 2022Managing stores in the simulation An example of how the stores work is shown on your company’s homepage: Click on “store” and you will receive the information on store’s location, type, and products. Price, quality, and brand The business model of the store is quite simple: buying supplies (at a low price) and selling to […]
Enterprises – Office
August 2nd, 2022How to open and close subdivisions In order to open a new subdivision click on the link with the same name on your company’s homepage: In order to close the subdivision, click on the link of the same name on the subdivision’s homepage: The construction period Bear in mind that the opening of some particular […]
What distinguishes a well-made business game?
November 15th, 2021Business simulation games online for the most part do not differ in their essence from ordinary computer games. All games have a common “fun” part. It is the pleasure of the players from the process. There are also two more criteria by which you can distinguish a good business game from a bad one. Firstly, […]
Monopoly is the best economic board game!
November 13th, 2021In the era of the development of online economy games “Monopoly” does not lose its popularity. Invented in 1934, the game has been leading the top economic board games for decades. It quickly gained popularity in many parts of the world. Numerous versions and editions still attract risk-free enthusiasts. The classic version of the game […]
Who are business angels and what do they do?
November 12th, 2021There is an interesting economic term “business angels” in many entrepreneur games. The term «business angel» appeared in 1978. So they began to call private individuals who invest personal funds in promising projects. Before that, the term “angel” meant art connoisseurs financed theatrical performances. Now “business angels”, accumulating their capital through special Internet platforms and […]
What is working capital?
November 11th, 2021In a company simulation game, you can often find a variety of terms that need clarification. One of the main concepts in the analysis of the economic activity of an enterprise is working capital. This indicator illustrates the company’s ability to independently carry out current production processes. It is also used in fundamental analysis of […]
What is the marginality of a business?
November 10th, 2021One of the most important terms in virtual economy simulation games is marginality. The marginality of a service, product or other project is the difference between the cost of finished products and the cost price, that is, the cost of their production. In addition, it shows the profit received from the sale of a unit […]
How does the simulator any business work?
November 10th, 2021Economic simulation games online appeared a long time ago, and they were based on the principles worked out in other computer games. In particular, from strategies, since it is in them that we manage the development process of our team, clan, or race. The success of almost any mission in strategy lies in the competent […]
The main directions of development of business games
November 10th, 2021In this article, we will tell you about the main directions of development of various business simulator, as well as share our thoughts on the prospects for their development!
What is gamification?
November 10th, 2021Gamification is the usage of gaming technologies to solve non-gaming tasks. The usage of virtual business games today is directly related to gamification. Researches show that hundreds of companies are currently involved in gamification. Where are business simulation games used? The main element of gamification is finding ways to motivate people. In marketing and […]
Why pay taxes?
November 7th, 2021Taxation is an integral part of virtual economy simulation. Citizens of the country pay taxes so that the state can realize social goals, the achievement of which is the meaning of the existence of all democratic societies. It is about the quality of life of citizens, health, the level of education, and the welfare of […]
What is the benefit of children’s economic games?
November 5th, 2021Economic games teach non-standard thinking, the ability to analyze situations, quick decision-making, and memory development. Special games will allow children to feel like entrepreneurs, learn how to trade on the stock exchange, or create a startup without risking real money. Combining play and learning, this tool can become a wonderful educational tool for children of […]
Why does the COVID-19 encourage universities to switch to online learning?
November 16th, 2020Why has the Coronavirus pandemic encouraged universities to switch to online learning, and how does this affect the growth and development of the e-learning market? Online education is one of the fastest growing global markets, and promises to pass $282.62 billion by 2023. According to Global Market Insights, in 2017, the market’s value was […]
6 reasons for using business simulations in your company
June 26th, 2020Organizing employee training and development is a very delicate process. The methods used should engage employees and keep them motivated for long periods. According to Edgar Dale’s Cone of Experience, the two best ways for people to remember something is through real experiences and contrived experiences, respectively. Some realities are far too big and complex […]
6 reasons why business simulation games benefit students
May 12th, 2020“Learners retain only 5 percent of what they hear and 10 percent of what they read, but they remember more than 50 percent of what they learn through discussion and interaction” – Josh Bersin. Josh Bersin, founder of Bersin, a leading provider of research in human resources, talent, and learning, believes that most learning comes […]
Business skills for your career growth
March 1st, 2019We are moving away from a mind-set that potential employees should have the technical know-how and the right academic qualifications. What is it that truly differentiates one candidate from another during the application process? Whether we are talking about the stage involving the vetting of resumes or the interview stage, certain qualities are increasingly taking […]
Business skills development tips
February 28th, 2019Everyone wants to have a fulfilling career. But what do you think you need to have it? While there are many possible answers, in my opinion, there are at least two things you should have. First, you should follow your heart. Following your heart means working on something that matters to you. It’s something that […]
Powerful learning strategies you should know
February 27th, 2019Have you been ever told to study for a test? However, have you ever been taught how to study? Here are the 6 strategies you should be aware of both as a teacher and a student. Space out your studying over time Far too many students wait until the night before a test to study […]
Ranking Learning Techniques – Low Efficiency
February 25th, 2019Let’s continue our rediscovery of the efficiency of learning methods. Low-Efficiency Study Methods Summarization, highlighting/underlining/marking, mnemonics, imagery use for text learning, and rereading all received low-efficiency grades in the meta-study. The reason for their low utility grade differs; the studies into the methods show mixed results, it is not generalized, has narrow applications, and/or its […]
Ranking Learning Techniques – High Efficiency
February 21st, 2019School is for learning. But ironically, one of the things that people don’t learn to do well in school, is how to learn. We are taught rote memorization and told to absorb it for arbitrary tests without being taught how to effectively absorb the material. And it seems as if the methods we were taught […]
Skills a successful e-Learning professional MUST HAVE
February 20th, 2019All e-learning projects are different. As such, the skill sets and unique talents for each e-learning project vary greatly. While one course might require extensive knowledge of a particular Instructional Design Model, another may call for an in-depth understanding of a particular e-learning Authoring Tool. However, there is a set of specific skills that e-learning […]
10 Main Learning And Development (L&D) trends For 2018
February 19th, 2019Every year brings new developments to the world of Learning and Development. However, some topics from 2017 were very important in 2018, from personalized learning paths to game mechanics that make your online training courses more powerful and profound. Here are the top 10 L&D trends for 2018 that every e-learning professional should know. 1. […]
Holistic business approach and the difference it makes
February 18th, 2019A holistic business approach is a relatively new concept that is increasingly being accepted by the business world. To be a business that uses holistic techniques means that the entire organization is considered in its processes and policies, as opposed to focusing only on its specific components. By using the holistic approach to running a […]
Learning Style Scales by Grasha-Reichmann
February 14th, 2019Grasha and Sheryl Reichmann developed the Grasha-Reichmann Learning Style Scales (GRLSS) in 1974 to determine college students’ styles of classroom participation. The Grasha-Reichmann model focuses on student attitudes toward learning, classroom activities, teachers, and peers rather than studying the relationships among methods, student style, and achievement. Learning Styles Scales. Diagnostic and Suggested Preferences Competitive. Students […]
Learning Styles – VAK model
February 13th, 2019The VAK (visual, auditory, and kinesthetic) Learning Style, by Walter Burke Barbe and colleagues, falls under the umbrella of Neuro-Linguistic Programming (NLP). It is also one of the sources for Neil Fleming’s VARK model. Visual, Auditory, and Kinesthetic are also called learning modalities. These modalities can be used singularly or in combination with others. (Recall […]
Learning Styles – Peter Honey and Alan Mumford
February 12th, 2019Peter Honey and Alan Mumford state, that to maximize personal learning, each learner ought to understand their learning style and seek out opportunities to learn in their learning style. But they should also develop their learning capacity in other styles to become a more well-rounded learner. This increases versatility in learning situations. When providing learning […]
Learning Styles – Kolb’s experiential learning
February 11th, 2019Experiential Learning Theory Kolb’s learning theory sets out four distinct learning styles (or preferences), which are based on a four-stage learning cycle. (which might also be interpreted as a ‘training cycle’). In this respect, Kolb’s model is particularly elegant, since it offers both a way to understand individual people’s different learning styles and also an explanation of a cycle of experiential […]
What are Learning Styles? VARK
February 8th, 2019Most of us have heard of the fact, that people perceive and intake information differently. Therefore, as we perceive and process information differently, we learn differently. Learning styles are a range of competing theories, proposing that all people can be classified according to their ‘style’ of learning. Even though different views on how the styles […]
And even more benefits of playing video games
February 7th, 2019And continuing the topic of the previous post. There are even more additional positive effects of playing games. Video games introduce children to computer technology and the online world. One should recognize that we are now living in a high-tech, sophisticated world. Video games help kids adapt and be comfortable with the concepts of computing. […]
Benefits of video games
February 6th, 2019There are tons of various discussions – are games good for you? Some shout yes, and some shout no. But over the last 10 years, the increasing amount of research has proven again and again, that games have a positive effect on the brain. Problem solving and logic – playing games such as The Incredible […]
Competencies vs Skills
February 5th, 2019In some ways, a skill and a competency are similar. They both identify an ability that an individual has acquired through training and experience. However, the two concepts are not identical in terms of their definitions or the functions they perform. Skills vs competencies – the difference So, what is the difference between skills and […]
Why do business simulations work?
February 4th, 2019The answer lies in a simple and very old technique, called Cone of Learning by Edgar Dale. Sure, there are a lot of debates how the real cone of learning looks like and how many adaptations and modernizations there are. However, almost all learning and education specialists agree – practice doing or practicing in a […]
Simulations – education tools of today
February 1st, 2019Simulation as a technique was used for education a while longer than we could think. More often, terms technique and technology are confused. As a technology, simulations and simulators were first employed at the second part of 20th century. With the increasing speed of technological development, the use of simulation as a technique and a […]
Online business simulation game “Heavy Steel”
February 1st, 2019This business game is for those who seek to know more about the steel industry and how to manage a heavy machinery manufacturing company. Welcome to the world of heavy industry! The game will help you develop necessary skills to manage production and whole-sale businesses. You will also be able to test your current management […]
Online business simulation game “Cloth Road”
February 1st, 2019This game is for those who know everything there is about the fashion, but need more skills in making it a business. Welcome to the world of clothing business! Fashion is one thing, managing a business is a different one. In order to learn how to do it, you simply need to get more familiar […]
Online business simulation game “Shoe Maker”
February 1st, 2019In this business game you will have an opportunity to manage the shoe development, manufacturing, and retail sales business. Welcome to the world of shoe business! You will receive a set of subsidiaries – a rubber factory, two laboratories, shoe factory, and a store. The company is located in the same region, randomly selected by […]
Online business simulation game “Budget Retail”
February 1st, 2019Looking for a business game about a store management? But also want a challenge? Then this game is for you. Welcome to the world of retail business! The purpose of this game is to provide an opportunity to learn the ins and outs of a retail business. However differently from our other retail games, in […]
Online business simulation game “Premium Retail”
February 1st, 2019Ever considered a possibility to open your own boutique and sell only special high quality wares? Well, you can have a taste what it’s like! Welcome to world of premium retail! The purpose of this game is to provide an opportunity to learn the ins and outs of a retail business. You will be able […]
Online business simulation game “Balanced Retail”
February 1st, 2019This game is for those who seek to develop their managerial and entrepreneurial skills in the field of retail sales. Welcome to the world of retail business! In order to develop your practical business skills, you need experience. And that’s exactly what you will get by managing your own retail company. You will be responsible […]
Online business simulation game “Motor Cycle”
February 1st, 2019Ever wanted to make your own motorcycle? Make it a business? Well, then this game is for you. Welcome to the world of motorcycle business! The purpose of this game is to provide an opportunity to learn motorcycle production business, as you will have an opportunity to manage the whole value chain of motorcycle manufacturing […]
Business simulation Crisis Management
January 31st, 2019Everybody, or almost everybody, is capable of managing a successful company. But it takes very skilled managers to run a business that faces financial difficulties. Welcome to the world of crisis management! In our dynamic business simulation game “Crisis Terminator”, you have a chance to challenge the market and prove that you are […]
Online business simulation for entrepreneurs
January 27th, 2019“SIMFORMER. Way to Success” is an online business simulation game designed to develop practical business skills for entrepreneurs and managers of small and medium businesses. Dear entrepreneur, we are sure you have already read a lot of useful and interesting books about business. You may have already completed several courses and training in which […]
An economic business simulator online
January 23rd, 2019Information is becoming the most valuable asset. People set challenging goals for themselves and achieve them, while in the process they are accumulating experience and improving their talents. There’s an upward intellectual trend in global community, that’s constantly hungry for clever media sources. Popular video authors are mostly driven by the idea of enlightening the […]
Product placement in Virtonomics
January 13th, 2019More than half of Virtonomics players in real life are active entrepreneurs, managers from completely different industries. Many of them are your potential partners for your real business. Use Virtonomics to establish useful business connections and contacts. In the gaming environment, the distance is reduced to zero. Product Placement in the Virtonomics business game: Franchise. […]
Simformer business simulation – Corporate training platform
January 13th, 2019Simformer is an innovative company games and training platform based on global multi-user business simulations and is intended for business schools, companies, universities, and training centers. Simformer is a flexible and versatile platform that solves most of the tasks of corporate users in the field of personnel development: – Development and conducting of training and business […]
Platform for student competitions and managers’ business skills improvement
December 13th, 2018Virtonomics Business Challenge for student competitions and managers’ business skills improvement. The platform Virtonomics Business Challenge was created not just as an exciting strategic online game, but also as an effective tool for solving real corporate tasks in the field of personnel training, increasing the effectiveness of teamwork, developing a systematic approach to management and […]
Virtonomics hosted Baltic conference
December 13th, 2018Vilnius, May 22nd. On May 19, 2015, Virtonomics hosted the 1st ever Baltic conference: “Improving Study processes by integrating business simulations” organized by the Lithuanian Association for Quality Management and Innovations. The conference was held at the National Open Access Scholarly Communication and Information Center in Vilnius, Lithuania. The event showcased the value, economic impact, and […]
Virtonomics presented in HR Summit
January 27th, 2018Vienna, April 29th. The 2nd Annual Gamification in HR Summit was held on 27-29 April 2015, at Palais Hansen Kempinski Vienna. The event was organized by the HR industry and for the HR industry, based on the expertise of Expert Advisory Board and Speaker Faculty Members. During this event, gamification gurus, thought-leaders and senior-level HR practitioners […]
Simformer: educational business games
January 27th, 2018Simformer invites universities and training companies to cooperate. We are interested in strategic partners for the joint creation and launch on the corporate market of a fundamentally new product line in the niche of business games and developing simulations created based on our platform – Simformer.com . We offer partnerships to consulting companies, business schools, […]