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    Introductions - Simventure Apprenticeship: Teacher Notes

    Uploaded by

    Y. Vaidya
    This document provides teaching notes for a SimVenture simulation activity where students will amend the product design to meet market expectations. The activity aims to teach students about balancing a high-specification product with component costs. Students will load scenario Apprentice-2 and use research reports to inform their design choices. They will record their design decisions and predictions, then run the simulation over 6 months to see the impact on orders and profits. The teacher notes provide background on ensuring initial success and the challenge of the activity.

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    Introductions - Simventure Apprenticeship: Teacher Notes

    Uploaded by

    Y. Vaidya
    40 views2 pages
    This document provides teaching notes for a SimVenture simulation activity where students will amend the product design to meet market expectations. The activity aims to teach students about balancing a high-specification product with component costs. Students will load scenario Apprentice-2 and use research reports to inform their design choices. They will record their design decisions and predictions, then run the simulation over 6 months to see the impact on orders and profits. The teacher notes provide background on ensuring initial success and the challenge of the activity.

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    Apprentice-2

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    This document provides teaching notes for a SimVenture simulation activity where students will amend the product design to meet market expectations. The activity aims to teach students about balancing a high-specification product with component costs. Students will load scenario Apprentice-2 and use research reports to inform their design choices. They will record their design decisions and predictions, then run the simulation over 6 months to see the impact on orders and profits. The teacher notes provide background on ensuring initial success and the challenge of the activity.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    40 views2 pages

    Introductions - Simventure Apprenticeship: Teacher Notes

    Uploaded by

    Y. Vaidya
    This document provides teaching notes for a SimVenture simulation activity where students will amend the product design to meet market expectations. The activity aims to teach students about balancing a high-specification product with component costs. Students will load scenario Apprentice-2 and use research reports to inform their design choices. They will record their design decisions and predictions, then run the simulation over 6 months to see the impact on orders and profits. The teacher notes provide background on ensuring initial success and the challenge of the activity.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    SimVenture Learning Zone

    Introductions - SimVenture Apprenticeship


    Teacher Notes
    1. Research 2. Product Design 3. Pricing 4. Marketing Promotions 5. Taking Control

    Group Size 2/3/4


    Learning Outcome Amend the Product Design in SimVenture to meet the expectations of the market
    Length 15mins+

    Introduce the activity


    This activity requires the learners to amend the Product Design within the simulation in order to present an attractive offer with a
    competitive specification.

    Load the game – Apprentice-2

    Share the brief


    Direct the students to the Game menu button and ask them to select View Scenario Briefing. The briefing explains the tasks that they need to
    complete and the outcomes they can achieve if they are successful. It can be accessed at any time during the scenario for reference.
    Explain that the scenario runs for 6 months but that they can reload the scenario and start again if they experience major problems and time
    permits.
    Activity Background Information
    This scenario already includes the Price, Selling Points and Marketing Promotions to ensure success within the Professional Services segment
    and these elements will ensure that it is fairly easy to generate orders and income. The learners take charge of the Product Design element,
    using the Market & Competition Research reports to inform their choices and looking to generate enquiries which will convert into orders.
    They can boost demand substantially by providing a high specification product but may find that component costs will severely restrict their
    profit margins. The challenge is to find a design that is attractive to customers but still provides a margin.

    Outcomes
    At the end of the activity each individual/group will be able to see the impact of their decisions and varying degrees of success. You may wish
    to view the different Product Designs and ask the learners explain their approaches and predict outcomes prior to running the months.

    The supplied resource sheet provides space to record the data, make notes and provide written observations if required.

    Resources Essential Scenario: Apprentice-2 Optional Resource Sheets: A2-1

    apprentice-2.docx
    SimVenture Learning Zone
    Introductions - SimVenture Apprenticeship
    Apprentice 2 – Resource Sheet 1

    This table can be used to support in the process of designing your product in line with competitor and market research. By completing the table
    from the information provided within SimVenture you can easily make comparisons and identify where a mismatch might affect your success.

    Competitor product My product


    Market characteristics
    characteristics Characteristics
    Gather this information from the Competition Research report Gather this information from the Market Research report Enter your intended or existing product characteristics

    Name: Sector : Name :

    Product design Sector expectations Product design

    Quality Quality

    Performance Performance

    Features Features

    Style Style
    Price Typical Price Price

    Selling points

    apprentice-2.docx

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