The popularity and power of business simulations together with news about the launch of the next product being developed by the SimVenture team all feature in this newsletter. Also find out how SimVenture is being used in schools, colleges, universities as well as commercial organisations.
Find out how a Singaporean entrepreneur is helping to shape the future of corporate entrepreneurship training and access your own step-by-step SimVenture teaching guide. Learn about pioneering practices in Leeds and Cape Town and discover why SimVenture's Mexican and Colombian agents who visited London recently are so happy with the software.
Recognition for SimVenture from the European Union, success with a global telecoms company in the Far East and a review of the first ever ‘Master SimVenture’ course, are all features in this issue of Insights. You’ll also find out who’s won the latest Umph! competition and learn how a Welsh University has taken some very innovative strides with the software.
In this edition of Insights, learn about the team’s groundbreaking seminar ‘Driving the Economy Forward’ which takes place in Westminster in January 2012. Amongst other articles, find out how and why SimVenture is such a success in Europe.
Published in the Summer of 2011, this edition of Insights featured the first-ever Yorkshire-wide business competition ‘Umph!’ as well as articles about how teachers and lecturers have adopted and are using SimVenture.
Moving to an 8 page format, this Autumn 2010 edition revealed important work with a BMW sponsored initiative in South Africa and highlighted the start of long term partnerships between Venture Simulations and key UK universities.
Great to see things are going so well for 'SimVenture'. Mind you that's hardly surprising as it's a great tool and the classes of students that I have used it with have really taken to it and they really enjoy it.
Lecturer - Swansea Institute of Higher Education
It's an amazing learning tool and we found that because students could see the consequences of their actions, which is what would happen in a real business, they have a much better understanding of what business is all about.
Business & Community Partnerships Manager - Trinity & All Saints College
A very realistic simulation, with all the fun and experience of running a business without the stress and financial implications!
Student - Lincolnshire
We used SimVenture with our first years as the basis for one of their courseworks. It challenged the students and generated a lot of enthusiasm. We like it so much we plan to carry on with it in the second year.
Teaching Fellow, The Business School, University of Greenwich
SimVenture is a fun, yet extremely valuable tool to learn about running a business. It is excellent to see how each business function relates to, and impacts another!!
Student - Manchester
SimVenture is an excellent innovation and I'm confident it will attract more of the right people to set up in business. I am looking forward to seeing what a difference the software can make.
Chief Executive - YSMBAC
If the best way to learn something is by doing it, then SimVenture is the perfect 21st-century tool to learn how to run a business, without actually running a business.
Mark J. Rouse
SimVenture has not only explanation but an experience that could take you years of real world trial and error to gain. In short if you are looking for the ultimate enterprise simulation for use in schools, universities or at home look no further!
Matthew C. Draycott
Lecturer and Enterprise Associate, Glyndwr University
I don't know how to say this but... I have had two of the best hours of my recent teaching life this morning! It took me back to the fun I had when we ran the Physics degree and I was involved in the labs - they were fun - real students real experiments - real problems and real fun! Well SimVenture did that today.
Director for Enterprise Teaching and Learning, Sheffield Hallam University
We used SimVenture as part of a competition. The software was excellent. The students found it very challenging and really stimulating. It really gets the them to think and apply all business knowledge. An exciting piece of software which is addictive and rewarding.
Lecturer - Dudley College
SimVenture was an outstanding success with our SIFE students. Now I've seen how they [students] really take to SimVenture, I'm a big fan!!
Executive Director - SIFE UK
This year we had a big launch for Enterprise Week at the college. SimVenture was our Wednesday activity. It was received very well! Student and staff attendees ranged from Construction, Business, Joinery, ICT, Childcare & Unemployed Project. What a result!!!!!!!!
Teaching & Learning Champion
I played the game for the first time today. I would like to congratulate you all for producing such a fantastic product!
Student - Cambridge University
SimVenture made me want to learn again. I wasn't great at school or college but when I found SimVenture I was able to almost teach myself business. And it was really enjoyable, probably addictive. I'd recommend SimVenture to anyone who wants to get young people interested in business.
We are a family educating at home and my two 12-year old children expressed an interest in following a GCSE Business Studies course this year. I am so glad I bought a license. The game is easy to learn and the more you play, the more you understand how different factors have to be balanced in a business environment.
Parent and Home Teacher
I didn't realise how in depth it would be in SimVenture when I started. I'm preparing to launch a business soon and I will be having another go or 2 on the sim before I go ahead to make sure I have not forgotten anything. It is a brilliant tool.
I taught a whole day of an intensive module in Electrical Engineering using SimVenture this week. Even though I’ve used it many times now, I found myself absolutely staggered by the depth, complexity and realism of the game and found several new screens that I’d overlooked in the past.
Entrepreneurship Development Manager – University of Birmingham
It’s challenging but great fun. SimVenture helps you to see the practical application of what we do in the classroom.
Peter Symonds Sixth Form College.
SimVenture is a dynamic interactive piece of software which allows my students the opportunity to be introduced to the world of business by seeing how it works in real life situations. This gives an ideal opportunity to combine theory and practice.
Business Studies Teacher, Selby College (FE)
Rookie pilots can practice flying Boeings to their heart's content in a cockpit simulator without really crashing or killing anyone, so that when it comes to the real thing, they are fully prepared for emergency. SimVenture does the same thing for rookie entrepreneurs, except their fake cockpit is a virtual office where crucial decisions trigger success or disaster. Even if you crash and burn you can still walk away none the poorer but plenty wiser!!
Business Editor - The Press, York
I think it is an excellent resource that all schools teaching business and/or enterprise should consider. SimVenture brings learning to life and like Young Enterprise, people learn by doing.
Chief Executive - Young Enterprise Yorkshire & Humber
I'm hooked! SimVenture is a superb new learning resource for business education that really delivers. At last we have a business simulation that provides both an enjoyable and effective way for students, employees and budding entrepreneurs alike to experience what it is really like to manage a start-up business.
CEO - Tutor2u
SimVenture got me hooked into loads of stuff I had never considered, it's really addictive. The detail and the realism are very impressive and it taught me that to run a business properly there's a lot to learn.
Student - Leeds Metropolitan University
In my opinion, we need resources that get as close to reality as possible so people can practice being self employed and a simulation is the most obvious solution. SimVenture is excellent and it is the only business simulation I would recommend
Executive Director – Shell Livewire
SimVenture is in my opinion simply 'brilliant'. If everybody looking to start a business used this software to 'cut their teeth on' there would be 100% survival rates across the board. The simulation is easy to use and teaches all the disciplines required to run a business, and you can learn by your mistakes without risking a penny, its also fun and very addictive to play.
Enterprise Business Trainer - WYEA/BLWY
SimVenture is an amazing piece of software. My friends and I have learnt so much whilst having so much fun. I would highly recommend it to all university students studying business, those doing A-Levels(if only I'd had this for my mine), GCSE studies and anyone who aspires to run their own business.
Student - University of Nottingham
The game was a real novelty for me and a true eye opener. For me it really brought home the fact that all our decisions in business are inter-related.
Executive MBA Student
Cass Business School
SimVenture is a brilliant game. I was trying to start a business in the UK last year. As a foreigner it was hard to understand the whole economics and legal system in the UK. I really appreciate that SimVenture has provided me with a great chance to learn and make my own business work.
Student – Leeds
The event was very successful and discussions on the game and the learning outcomes have continued long after the last laptop was closed down. The feedback from the team suggests that this was a very enjoyable event, and at the same time educational.
As a Business Enterprise college, we had been looking for something which would allow users to experience the reality of business in an uncomplicated and risk-free environment. It is very accessible, convenient and realistic.
Head of Business Studies - Snaith School
Over the past two week I have run the SimVenture programme with a group of Level 2 Electrical apprentices and Level 3 ICT students. Both sessions were 6 hours duration. Engagement levels were very high and I found myself facilitating rather than teaching.
Lecturer – Bishop Aucklands College
We used SimVenture to help our new grads develop their business and team skills. The overall level of business understanding increased significantly and the grads agreed it was one of the best training events with which they had been involved.
Talent Advisor - ASDA Walmart
SimVenture can be used for enterprise skills or targeted at specific A Level topics. It offers a great way to give students some practical business experience.
Head of Business Studies - Peter Symonds Sixth Form College
It is fairly obvious to me that there is a great deal of potential in adopting the product for incorporation in courses at year 1, 2 and 3 level for any business student whether entrepreneurial or not - it gives a low cost way of making business mistakes and learning from them.
Lecturer - Bell College
I work as a Product Manager for SAS software and am pursuing an Executive MBA at Cass Business School in London. Today we played the SimVenture game. I was completely blown away by it and the immense potential it could have on learning about starting and running a new business.
Student - Cass Business School
We plan to use SimVenture extensively to help students learn about enterprise management and entrepreneurship in an engaging and meaningful way. The software’s design, realism and depth are three of the key factors that make it such a useful teaching and learning resource.
Head of Enterprise and Entrepreneurial Development - University of Hertfordshire
I was very impressed by the SimVenture game – it would seem to lend itself to being used in a variety of ways with students at all levels, in our case both undergraduate and postgraduate.