Theory and Practice in
Perfect Combination
Why Employee engagement matters
In 2012, Gallup conducted a research. Researchers studied
49,928 work units, including nearly 1.4 million employees. This
analysis further confirmed the well-established connection
between employee engagement and nine performance
outcomes:
• Customer ratings
• Profitability
• Productivity
• Turnover
• Safety incidents
• Shrinkage (theft)
• Absenteeism
• Patient safety incidents
• Quality (defects)
Why Employee engagement matters
Work units in the top quartile in employee engagement outperformed bottom-quartile units by 10% on customer
ratings, 22% in profitability, and 21% in productivity. Work units in the top quartile also saw significantly lower turnover
(25% in high-turnover organizations, 65% in low-turnover organizations), shrinkage (28%), and absenteeism (37%) and
fewer safety incidents (48%), patient safety incidents (41%), and quality defects (41%).
• Companies with an average of 9.3 engaged employees for every actively disengaged employee in 2010-2011
experienced 147% higher EPS compared with their competition in 2011-2012.
• Companies with an average of 2.6 engaged employees for every actively disengaged employee, in contrast,
experienced 2% lower EPS compared with their competition during that same time period.
How leaders engage their employees?
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Leaders show that they value employees.
Leaders provide challenging and meaningful work with
opportunities for career advancement.
Leaders clarify their expectations about employees and provide
feedback on their functioning in the organization.
Exceptional leaders give recognition, and they do so a lot; they
coach and convey.
People want to know that their input matters and that they are
contributing to the organization’s success in a meaningful way.
When employees work in teams and, it build the trust and
cooperation of their team members.
Good leaders help create confidence in a company by being
exemplars of high ethical and performance standards
The winning formula
Employee training is the key to engagement
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The most rudimentary method to show employees that they are
valuable and that the company is willing to spend both time and
money for their development.
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A continuous development of employee skills and competences,
creates an opportunity for a clear-cut career advancement
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Employees are able to work in groups, interact, teach each other
and communicate
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In-game communication tools, allows users to share their
opinions, provide input, vote on various topics
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Management can evaluate each employees progression and
competences on daily basis and act accordingly
What is Virtonomics?
Economy
In Virtonomics – the economy is what matters and what makes the game special.
Every participant of the market influences it one way or another. No one (not even
us) knows what lies in the future. Only the behavior of it‘s numerous participants,
their creative mind and their decisions affect this virtual economy.
Decisions
Business development, strategic planning, partnerships, supply/demand, politics,
taxes, customs duties, logistics, financial markets, marketing, HR, auctions, pricing,
branching, natural resources, warehousing, location, quality, productivity, staff –
and that‘s just a fraction of your daily routine in Virtonomics
Numbers
During the 7 years that Virtonoics is available to public:
• Over 1 million businesses have been created
• Hundreds of thousands of holdings have been established
• Tens of thousands of corporations have been structured
Virtonomics economic model is a near perfect representation of the real economy.
Virtonomics in a nutshell
21 countries
In various continents
7 Languages
Multilingual
Users from all over the World
5 Gaming realms
With
different set of locations,
products and economies
215 Cities
Capitals, large and small cities, with
corresponding demographics
Agriculture
Agricultural farm
Cowshed
Fruit plantation
Mill
Pig farm
Poultry farm
Sheep farm
Industries and enterprises
Food industry
Consumer goods
Oil-producing
Bakery
Bicycle production
Oil well
Brewery
Cigar manufactory
Cheesery
Cookers Plant
Management
Chocolate factory
Dishwashers Plant
Office
Citrus processing
Domestic equipment
Science research
factory
production
Laboratory
Coffee factory
Domestic production
Engineering industry Cornflakes plant
Gardening equipment plant
Electromechanical
Dairy-farm
Chemical industry
Kitchen Furniture Factory
Plant
Distillery plant
Car chemicals plant
Pet food factory
Engineering plant
Olives processing
Chemical factory
Photo Camera production
Machine-tool factory plant
Engine Oil Plant
Power tools Plant
Sausage factory
Household chemicals factory Parts Plant
Printing
Tractor factory
Soft drinks
Organic synthesis plant
Souvenir manufactory
production
Tyre factory
Sports equipment production
Fishing industry
Spice-making plant Sports tools production
Jewelry
Fish processing plant Vegetable production Tobacco factory
Decor studio
Fishing base
Whiskey distillery
Umbrella factory
Jewelry factory
Medicine, Pharmacy and
Lapidary factory
Industry-wide
Beauty industry
Pearls studio
enterprises
Biofactory
Watch factory
Light industry
Warehouse
Cosmetics factory
Bed-clothes factory
Aircraft production
Essential oils factory
Glass industry
Clothing factory
Aircraft Engine Plant
Hygiene
Factory
Ceramic
factory
Cotton-cleaning factory
Industries Medical antiseptics factory
Aircraft Interior Plant
Glass-works
factory
Leather small wares factory
Aircraft assembly plant
Medical center
Outerwear factory
Services sector
Jewelry
Aircraft components Plant
Medical electronics plant
Shoe factory
Fitness
center
Decor studio
Avionics Plant
Medical equipment Plant
Stocks and stockings factory
Hairdressing
salon
Jewelry factory
Chassis Plant
Medical ingredients Plant
Tailoring atelier
Laundry
Lapidary factory
Luxury
Medical
instruments
Plant
Toy factory
Public interiors Factory
Pearls studio
Elite interiors Factory
Perfumery factory
Underwear factory
Restaurant
Watch factory
Villa
Pharmaceutical Plant
Weaving mill
Agriculture
Agricultural farm
Cowshed
Fruit plantation
Mill
Pig farm
Poultry farm
Sheep farm
Different types of
Enterprises
Electronics and
electrotechnics
Audio equipment
production
Climate equipment
Plant
Coffee machines plant
Computer factory
GPS-navigators
production
Instrument factory
LED production factory
Light bulb plant
Light technics plan
Metallurgy
Microprocessors factory
Copper Mill
Mobile phones
Duralumin Plant
production
Metallurgical factory
Refrigerator factory
Non-ferrous metal factory Smartphone factory
Titanium smelter
TV plant
Video equipment
Power Industry
production
Coal equipment plant
Washing machines
Coal-fired power plant
production
Heat exchange equipment plant
Power engineering plant
Power units installation plant
Motor-car industry
Automobile factory
Car assembly plant
Motorcycles production
Water scooters production
203
Products
Natural resources
Materials, semi-products
Agricultural products
Food
Luxury goods
Consumer goods
Medical supplies
Manufactured products
Fish
Livestock
The cycle of raw materials becoming retail goods
Retail stores
Production
Raw materials
Producers warehouse
Retailers warehouse
Distributors warehouse
Business development
Country
City
Region
Global
How can Virtonomics be applied?
GAME
Business games
The use of business games in order to reach the predetermined corporate goals has
been trending for the past decade. Whether it’s for team building, improving employee
knowledge, testing their skills, or just having a fun and useful exercise – undoubtedly,
business games are the most involving and entertaining way to do it
Assessment
Employee training
VIRTONOMICS
Training
Learning
Trainings and seminars have various underlying goals – whether their meant to increase
the qualification and knowledge of the existing employees, or to develop competencies
of newly hired company members. Virtonomics provides great advantages in both of
these cases. The facilitators of the educational curriculums, will be able to incorporate
the flexible Virtonomics platform into their programs, consequently becoming highly
aware of each participants unique learning curve, as well as their progression towards
the primary goals of the workshop.
Employee assesment
Improvement
Development
Will the new hires take the right decisions at a critical moment? How about the “old-timers” –
are they still capable of pulling off the cutting edge performance when it’s needed? In many
industries, these types of questions are resolved by annual, monthly or even daily assessment
which is then followed by knowledge reinforcement. Astronauts, pilots, doctors, soldiers and
so on – perfect their skills, up until their performance becomes subconscious. Most of the
companies in the business world, have been learning from their mistakes the hard way. For
some reason, companies accept that employees are either a hit or a miss, a 50/50, a flip of
the coin. But it doesn’t have to be that way – not any more. The business world is rapidly
deploying the gamification procedures into their daily routines. Not only that it’s possible to
hire perfect candidates without any risk, but it’s also possible to keep all of the employees on
the constant peak of their performance.
Виды симуляций в Virtonomics
Virtonomics combines 4 environments:
Business
simulation
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Social
simulation
Economic
Business
Political
Social
All of the environments are interconnected. It‘s
possible to choose a specific environment and build
corresponding goals for the simulation
Political
simulation
Economic
simulation
Virtonomics
SIMULATIONS FOR
EDUCATION
Each environment, can have it‘s unique goals.
For example, the economic simulation can be used
to develop a strategy in response to the changing
macroeconomic conditions.
The structure of a typical training in Virtonomics
Постановка целей
Theory
Group
activity
Decision
making in
Virtonomics
PDCA - iterative four-step management method in Virtonomics
All of the Virtonomics trainings are based on the PDCA (aka
Deming) cycle. In one training day, all of the participants will
repeat this cycle up-to 8 times (one cycles continues for 1
hour). With each cycle, participants will focus on different
aspects of their business.
The process of training
Theory
During the training, participants receive
the necessary theoretical information,
followed by a group discussion about the
plan of actions
Practice
Participats are working together to reach
the predetermined goals of the training.
Many variations can take place – but
mostly, it‘s either an individual or a group
activity.
Skill development in Virtonomics
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Gamify the processes of staff development
Test the knowledge, skills and behavioral patterns of employees
Create a talent pool
Improve the efficiency of teamwork, their interaction and cooperation
Develop a systematic approach to management
Develop employee skills of business planning and analysis
Minimize the cross-cultural differences in multinational companies
Improve the quality of strategic management
Optimize the key processes of business
Enhance strategic planning capabilities
Teach to solve business i
Managerial
skill
development
Management
Strategic
planning
Business
planning
Time
management
Partnership
development
Communication
BSC
Customer
focus
Sales
Corporate
culutre
development
TQM
Branching
Building a
proper
business
model
Development
of innovative
approaches
Out-of-the
box
approach
to problem
solving
Productivity
Marketing
Building a
brand
Innovation
Innovative
management
Personal
effectiveness
management
Example of a training scenario
Market intelligence
Goal: Players are scouting new locations for the expansions of their business in a highly
competitive market conditions.
The premise: All players are competitors, having that in mind – their goal is to locate the best
region for expansion. They know, that their competitors are going to expand their
businesses as well. Every one of them, has to locate a “sweet spot” – a market,
where there’s plenty of potential clients, prices and taxes involved for a new
company are the lowest and ideally – none of the other competitors are going to
deploy their business in that region. Players have to use all the available tools for
market and competitor analysis, to avoid the worst case scenario – building their
business in the exact same spot as their competitors.
The participants •Do a proper market and competitor analysis
will learn to: •Use the best practices of corporate espionage
•Calculate the expenses of a new subdivision
Featured clients
Vilnius, Lithuania, Konstitucijos pr. 12-202a
Email: [email protected]
Tel.: +37064881947
www.virtonomics.com
www.simformer.com