What is Revas - Business Simulation Games?
Revas Business Simulations Games help teachers run practical business and entrepreneurship classes. Students will run virtual companies, make realistic managerial decisions and compete against one another for customers. How does it work in class?
Divide your group into teams that will start separate virtual companies (you can choose 1 of 19 industries ranging from School Cafe, through Travel agency to IT services). Teams run their companies making realistic business decisions. Virtual companies compete for customers with businesses in one market. Teams analyse market results, draw conclusions, solve business problems. There is no single right answer, each game is real entrepreneurship training for the players.
Suitable for K-12, GCSE, A-Levels and Higher Education.
Educational Impact
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Revas - Business Simulation Games Reviews
from 15 Verified Reviews
User rating
Country
Carina
programme coordinator
Used Revas - Business Simulation Games monthly for 1-2 years
Dec 2023
The company is always available when we're having problems. As we're using the german version there are sometimes issues with the translation, but they are always quick to change any issues that arise. Great communication.
Carina found Revas - Business Simulation Games:
- Moderately increases student collaboration“Changing each others mindset about the practical application of what they studied.”
- Slightly improves attainment“It depends on the willingness of the student to immerse themselves into the game/simulation”
- Significantly builds student knowledge“They understand the complexity of business in the "real" world. For example the connections between good marketing and the need to order more ressources.”
Erich
Business studies teacher
Used Revas - Business Simulation Games occasionally for 3-4 years
Dec 2023
Game is really fun and educational at the same time
Erich found Revas - Business Simulation Games:
- Significantly increases student collaboration“A new way to apply their theoretical knowledge in business”
- Significantly improves attainment“The students were able to work in groups and increased competitiveness”
- Significantly builds student knowledge“They were able to apply business concepts in their work”
Christian
Teacher
Used Revas - Business Simulation Games occasionally for 5 years+
Nov 2023
The game has a nice design and very good features. Students love to play the game
Christian found Revas - Business Simulation Games:
- Significantly increases student collaboration“Very deep and good group discussions”
- Significantly improves attainment“Many students tell me that after playing the game they have a better holistic understanding of what a company is and the operations of a Company”
- Significantly builds student knowledge
Sophie
Lecturer
Used Revas - Business Simulation Games weekly for 1-2 years
Nov 2023
It’s an excellent teaching software
Sophie found Revas - Business Simulation Games:
- Significantly increases student collaboration“Teamwork ability”
- Moderately improves attainment“Study interest on entrepreneurship”
- Significantly builds student knowledge“Strategic planning”
Nov 2023
The decision making elements of the game are great.
Bill found Revas - Business Simulation Games:
- Significantly increases student collaboration“Discussing the different strategies and then arriving at a consensus.”
- Slightly improves attainment“The simulation requires students to combine lots of pieces of data and information. For subjects that use diverse sources of information this is useful.”
- Moderately builds student knowledge“Being able to apply elasticity data in a competitive environment. Working out costs and profits.”
Urszula
Teacher
Used Revas - Business Simulation Games monthly for 3-4 years
Oct 2023
The Revas game creates a unique opportunity to test theoretical economics and business issues in a virtual space. It allows for diverse classes and a rise in students' involvement in the learning process.
Urszula found Revas - Business Simulation Games:
- Significantly increases student collaboration“During the game, students work in teams and make decisions together. They learn to divide tasks, negotiate positions, and take risks together. They understand that cooperation also involves accepting the consequences of decisions made.”
- Moderately improves attainment“Students are engaged in self-assessment, self-monitoring, and reflective processes, which helps them become more self-aware.”
- Significantly builds student knowledge“Students learn to apply theoretical knowledge to make decisions. It helps them better understand and remember the content they learned.”
Krzysztof
Academic teacher
Used Revas - Business Simulation Games weekly for 5 years+
Oct 2023
A useful tool for business classes. It helps make business learning more realistic. Students are involved in decision-making and learn through practice.
Krzysztof found Revas - Business Simulation Games:
- Significantly increases student collaboration“During classes, my students work in groups and make business decisions together. This work model affects students' communication and cooperation skills.”
- Significantly improves attainment“Students use theoretical business knowledge in virtual reality. they experience business in practice.”
- Significantly builds student knowledge“Students have the opportunity to use theoretical knowledge (law of demand, marketing, HR, finance, pricing strategies) in business practice. They receive real market feedback and can analyze the results to improve their strategies.”
Maciej
Marvellous decision game. Not only do students experience business and use the theoretical concepts in practice but they also develop logical thinking, analysis, problem solving, teamwork and many more skills!
Used Revas - Business Simulation Games weekly for 3-4 years
Oct 2023
The best!
Maciej found Revas - Business Simulation Games:
- Significantly increases student collaboration“Students work in teams and they need to make decisions together and negotiate their strategy. Very good teamwork exercise on life-like business situations.”
- Significantly improves attainment“Students improve their overall understanding of business processes and competitive market forces.”
- Significantly builds student knowledge“Students make real-life managerial decisions reg. HR, investments, marketing, pricing, improving understanding of these concepts.”
Oct 2023
The students love it and it is very much self-explanatory
Patrycja found Revas - Business Simulation Games:
- Moderately increases student collaboration“They cooperate making the decisions, they discuss ideas with other groups”
- Moderately improves attainment“They are more confident and eager to do things”
- Moderately builds student knowledge“They get practical knowledge of the basics of company organisation, the labour law (working hours, tax issues), HR issues”
Folajimi Ashiru
Assistant Professor
Used Revas - Business Simulation Games occasionally for 0–3 months
May 2022
Its useful and has multiple rounds which enables students get more comfortable with decision making
Folajimi Ashiru found Revas - Business Simulation Games:
- Does not reduce teacher workload“It does bring an exciting practical perspective for students, but simulation increase lecturer workload. But I guess although there is an increase in workload, its a good thing as it helps students understand concepts better.”
- Significantly increases student collaboration“Students work together and have to make joint decisions.”
- Significantly improves attainment“Simulated real life situations are experienced by students and they have to make tough decisions”
- Significantly builds student knowledge“Students understand internal and external environments of companies better”
Martin Kacor
Teacher
Used Revas - Business Simulation Games occasionally for 4-6 months
Mar 2022
It's a great tool for teachers who want their students to go a step further and learn beyond the standard curriculum.
Martin Kacor found Revas - Business Simulation Games:
- Slightly reduces teacher workload
- Significantly increases student collaboration
- Moderately improves attainment
- Significantly builds student knowledge
Feb 2022
perfect for business or finance students
David found Revas - Business Simulation Games:
- Moderately reduces teacher workload“good content, easy to implement”
- Significantly increases student collaboration“they love the competition”
- Significantly improves attainment“an idea of how a business actually operates”
- Significantly builds student knowledge“finance, human relations decisions, capital investmet decisions”
Cristina Udateanu
Managing Partner
Used Revas - Business Simulation Games weekly for 1-2 years
Feb 2022
User friendly, intuitive, holistic approach of a business and in the same time ease to work with.
Cristina Udateanu found Revas - Business Simulation Games:
- Moderately reduces teacher workload“Less papers, less preparation”
- Moderately increases student collaboration“They work together to solve the tasks between the rounds, therefore their interactions and team spirit are improved.”
- Moderately improves attainment“Better understanding of the business principles.”
- Significantly builds student knowledge“Very good to understand basic business principles and processes.”
CEYDA INANLI TAN
IBDP Business Management Teacher
Used Revas - Business Simulation Games occasionally for 0–3 months
Feb 2022
my only concern is about the alignment with our topics and duration of the game. we can use shorten time but we cannot cover more topic to follow the game. it would be better if it can be designed specifically for high school content too.
CEYDA INANLI TAN found Revas - Business Simulation Games:
- Does not significantly reduce teacher workload“you should assess the results and give feedback to players. some of the content is not aligned with IB.”
- Significantly increases student collaboration“the game played with teams, students should participate to the decision making process. during the international simulation game Revas enforcing and motivating students to keep on track.”
- Moderately improves attainment“the student that is usually not participative, during the simulation involve in the team decision and act willingly.”
- Significantly builds student knowledge“the strategies should be decided on may not be in their inquiry but they should search and ask to know about the context. besides they should activate their knowledge and use when creating the strategy of action.”
Ivana Mandic
Teacher
Used Revas - Business Simulation Games occasionally for 0–3 months
Jan 2022
Very realistic, interactive, engaging. The students are fully involved and it keep them very active
Ivana Mandic found Revas - Business Simulation Games:
- Significantly reduces teacher workload“Better understanding of free market concept, demand and supply, competition, price strategies, financial aspects of the business operations, costs and revenues...”
- Significantly increases student collaboration“Development of the market strategies, division and specialization of the tasks, delegation between each other and regular weekly reports to keep all members informed”
- Significantly improves attainment“Time management skills were very improved in order to meet deadlines set up by the simulation”
- Significantly builds student knowledge“As I've already stated previously, better understanding of many economics and business management topics - markets, costs, profits, revenues, competition...”
Pedagogy
Certified by Education Alliance Finland, 10/2019
EAF Evaluation is an academically-backed approach to evaluating the pedagogical design of a product. EAF evaluators assess the product using criteria that covers the most essential pedagogical aspects in the learning experience.
Learning goals
Certified by Education Alliance Finland
The supported learning goals are identified by mapping the product against the selected reference curriculum and soft skills definitions most relevant for the 21st century.
- Role of finance for businesses: capital expenditure and revenue expenditure
- define price elasticity of demand and supply and perform simple calculations
- Using technology for interaction and collaboration
- Practicing to work with others
- Learning to listen other people’s opinions
- The student understands the reasons for starting up a business or an enterprise
- The student understands the common steps in the process of starting up a business or an enterprise
- Practicing decision making
- Learning to plan and organize work processes
- The student understands the main business functions and their roles: human resources, finance and accounts, marketig and operations
- Using technology as a part of explorative and creative process
- Short, medium and long-term finance
- Developing problem solving skills
- Using technology resources for problem solving
- The student understands the role of businesses in combining human, physical and financial resources to create goods and services
- The following types of cost, using examples: fixed, variable, semi-variable, direct, indirect/overhead
- Total revenue and revenue streams, using examples
- Practicing to notice causal connections
- The purpose of accounts to different stakeholders
- Learning decision-making, influencing and accountability
- Learning to notice causal connections
- Practicing to look things from different perspectives
- Practicing strategic thinking
- Practicing persistent working
- Learning to find the joy of learning and new challenges
- Practicing creative thinking
- The difference between profit and cash flow
- The following strategies for dealing with cash flow problems: reducing cash outflow, improving cash inflows, looking for additional finance
- The key functions of management
- Human resource planning (workforce planning)
- The student understands the role of entrepreneurship (and entrepreneur) and intrapreneurship (and intrapreneur) in overall business activity
- Practicing to notice links between subjects learned
- Practicing to use information independently and interactively
- The student understands the problems that a new business or enterprise may face
- Learning to build information on top of previously learned
- Practicing to notice causal connections
- Market share
- How marketing strategies evolve as a response to changes in customer preferences
- Encouraging to build new information and visions
- Operations management in organizations producing goods and/or services
- The need for organizations to change objectives and innovate in response to changes in internal and external environments
- Developing problem solving skills
- The student understands the role of businesses in combining human, physical and financial resources to create goods and services
- Internal and external factors that influence human resource planning (such as demographic change, change in labour mobility, new communication technologies)
- Learning to find the joy of learning and new challenges
- Practicing persistent working
- Learning to notice causal connections
- Human resource planning (workforce planning)
- Practising to understand visual concepts and shapes and observe their qualities
- Understanding and interpreting of matrices and diagrams
- Realizing the connection between subjects learned in free time and their impact to skills needed at worklife
- Connecting subjects learned at school to skills needed at working life
- Role of finance for businesses: capital expenditure and revenue expenditure
- Variances
- Cash flow forecasts
- Encouraging positive attitude towards working life
- Learning consumer knowledge and smart economics
- The student understands the problems that a new business or enterprise may face
- Learning to use foreign language in work context
- demonstrate the principle of equilibrium price and analyse simple market situations with changes in demand and supply
- The student understands the common steps in the process of starting up a business or an enterprise
- Practicing strategic thinking
- The student understands the main business functions and their roles: human resources, finance and accounts, marketig and operations
- Marketing and its relationship with other business functions
- Learning consumer knowledge and smart economics
- The key functions of management
- The following strategies for dealing with cash flow problems: reducing cash outflow, improving cash inflows, looking for additional finance
- Developing problem solving skills
- Learning decision-making, influencing and accountability
- Learning to listen other people’s opinions
- Practicing to argument clearly own opinions and reasonings
- Practicing to work with others
- The student understands the problems that a new business or enterprise may face
- The student understands the common steps in the process of starting up a business or an enterprise
- The student understands the main business functions and their roles: human resources, finance and accounts, marketig and operations
- Practicing to take responsibility of one's own learning
- Practicing persistent working
- Annetaan oppilaille tilaisuuksia oppia oman kokemuksensa kautta työn, yrittäjämäisen toimintatavan sekä yrittäjyyden merkityksen yhteisössä ja yhteiskunnassa.
- Harjoitellaan tarttumaan tehtäviin aloitteellisesti, ennakoimaan työskentelyn mahdollisia vaikeuksia, arvioimaan ja ottamaan hallittuja riskejä, kohtaamaan myös epäonnistumisia ja pettymyksiä sekä viemään työ sisukkaasti loppuun.
- The student understands the role of businesses in combining human, physical and financial resources to create goods and services
- Tarjotaan tilaisuus oppia tuntemaan erilaisia ammatteja ja työaloja sekä yritystoimintaa.
- Harjoitellaan työelämässä tarvittavaa asianmukaista käyttäytymistä ja yhteistyötaitoja ja huomataan kielitaidon ja vuorovaikutustaitojen merkitys.
- Using technology resources for problem solving
- Edistetään oppilaiden kiinnostusta ja myönteistä asennetta työtä ja työelämää kohtaan sekä vahvistetaan siihen liittyvää tietopohjaa.
- Practicing strategic thinking
- Connecting subjects learned at school to skills needed at working life
- describe the concept of market failure and explain the reasons for its occurrence
- Practicing decision making
- Learning to plan and organize work processes
- Encouraging positive attitude towards working life