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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? • • • • • • • 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 • 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. • A continuous development of employee skills and competences, creates an opportunity for a clear-cut career advancement • Employees are able to work in groups, interact, teach each other and communicate • In-game communication tools, allows users to share their opinions, provide input, vote on various topics • 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 • • • • 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 • • • • • • • • • • • 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: sales@virtonomics.com Tel.: +37064881947 www.virtonomics.com www.simformer.com
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