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“KVALITETAS” INTRODUCES AN INTERNATIONAL BUSINESS SIMULATION MODEL

On May 15ht a company “Kvalitetas“ – the leading expert of higher education processes in Lithuania – together with its partner “ZET technologijos“ introduces an e-space solution of international business simulation model “Business Insight“ that is intended for higher schools. There are Lithuanian, Russian and English versions available. 

 

“Since the year 2008 we strived to design an efficient and competitive method of training. And we did it as we can offer an attractive, convenient and useful product. “Business Insight” has already been used by colleges and universities as a tool for practicing on business matters”, - said Edgaras Afarjanc that is a manager of the product.

 

In order to make more use of capabilities of the simulator “Kvalitetas” decided to improve it by transferring the process of solving the tasks from the ordinary workbooks to the internet. The e-space solution will be available on May 15th. Users of the website will get a lot of additional information on the model and useful external sources on starting business as well as its development. They will be able to communicate with the moderators easily as well as share their experiences with the rest of the audience and get the information on the experiences of the others, etc. Moreover, the website will ensure more interactivity and a wider spectrum of the application opportunities. For example, this will be a perfect tool for teams from various educational institutions, different cities and even countries to compete with each other. “We are sure, that popularity of the simulation model, designed by us, will cross the borders, i.e. it will get popular among higher schools in Lithuania, Belorussia and Russia. There will be a Russian version for the Russian speaking countries. We will offer an English version of the model for the students that are involved in the international programs and those that study in the higher schools of Western Europe”, – told E. Afarjanc.

 

The model, offered by “Kvalitetas”, is attractive by its flexibility in adapting tasks both for one person and teams. This is a perfect way of encouraging students to apply their theoretical knowledge: first – by simulating the business and later on – by establishing their own business in reality and doing it with a much more courage. “Business simulation model will help to develop entrepreneurial skills. It will introduce mechanisms that are present in the real market. Enthusiasm, creativity, strategic management will be stimulated. There will be a perfect environment to deepen knowledge in the particular area, e.g. production, sales, innovations, finance and marketing processes” – the product manager revealed.

 

 In order to deliver to the market a competitive product “Kvalitetas” has made a feasibility study of Lithuanian, Russian, Belarusian markets. The simulation model “Business Insight” was developed on the basis of the markets needs that were identified during the study. The adapted version of the model, called “My Business”, is designed for schools on the purposes of using it during the classes on economics. It is intended for the senior classes. 

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