…providing accelerated internalization and learning retention beyond traditional courses
ViRAL – Virtual Reality Accelerated Learning, is a H. Pierson immersive learning initiative aimed at providing a variety of Technical and Soft skills simulation-based tools for transforming the learning experience of your workforce.
Our Simulation tools provide accelerated internalization and learning retention to our learners, and therefore boost their short and long-term job performance.
Our portfolio of Simulations include Risk Management, Management (Banking, Power, Telecom), Strategy, Marketing & Project Management.
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Asset & Liability Management (ALM)
This Asset & Liability Management (ALM) Simulation Program is designed as a practical virtual reality tool to enhance the ability of practitioners to deal with the complexities involved in the management of the Balance Sheet of a bank. The simulation program provides participants with a practical learning experience set in a realistic business and economic environment.
Our Risk Management simulation program is a practical learning tool which exposes participants to key aspects such as identifying, analyzing and mitigating risks in banks. It exposes participants to the major risks faced by banks in today’s volatile environment and provides them with the opportunity to identify and analyze these risks in a virtual reality environment.
This Bank Management Simulation is focused on providing a deep understanding of contemporary banking and sharpening the management and leadership skills of lower, intermediate and senior-level managers of banks. Its goal is to give participants a clear understanding of the front and back office operations of a bank, and the interaction of both sides in a competitive environment. It seeks to cultivate a holistic and fact-based management culture, develop analytical skills, and create awareness about the current banking operating environment.
Learning Coverage Areas include: Understanding basic banking products and services and how they relate to each other; The division of bank funding sources into core deposits and managed liabilities; Understanding the bank income statement and balance sheet and unique financial ratios; Pricing of credit and deposit products; Balancing risks and the growth of the balance sheet; The interaction between the central bank and commercial banks; Bank liquidity measures and regulation according to international standards; Profitability of different customer segments and products.
This simulation focuses on the key success factors that determine the performance of a retail bank, and covers issues such as increasing market share in profitable segments, increasing profitability across various sectors and increasing customer value through high quality service. By managing a retail bank, participants gain first hand experience in what is required to manage a retail bank successfully in today’s competitive digital banking landscape.
Learning coverage areas include: Customer management – how to increase the profitability of each client segment and product range, whilst keeping track of customer satisfaction; Management of the distribution channels in order to increase customer value; Process and operations management to lower the cost of the bank; Human performance management to increase productivity and staff motivation; Financial management at branch level.
Power Utility Management
This simulation game familiarizes participants with the whole decision-making environment for a power utility. Participants develop capabilities in formulating, implementing, and adapting business strategies in a dynamic competitive environment.
In addition, they will enhance their fact-based decision-making skills and improve their financial knowledge through linking operational decisions to cash flows and bottom line performance. The electric simulation also gives practical experiences in team-work and problem solving and excites competitive spirits in a dynamically evolving marketplace.
Telecom Operator Management
This is a telecom simulation game where teams manage mobile, broadband and entertainment services for residential customers as well as communications and IT services for corporate customers. It also includes decisions regarding network infrastructure development and finance. This telecom business simulation helps participants to comprehend relationships between different telecom operator functions and develops their telecom-related business acumen. The telecom simulator improves participants’ decision-making skills, familiarizing them with the whole decision-making environment for a telecommunications operator, including mobile, fixed broadband, entertainment, IT services, channel management, network infrastructure development, and finance.
The telecom simulation also gives practical experiences in team-work and problem solving and excites competitive spirits in a dynamically evolving marketplace.
General Business Management
This simulation increases the participants’ awareness and capability of operating a company from a general management perspective in a competitive environment. The simulation integrates a range of concepts from various management related disciplines, including marketing, production, logistics, and financial decision-making. In addition, it links the organization to the wider context of the business world and stakeholders.
From the simulation, participants will improve their understanding of operating a company from a general management perspective and develop market- and value-driven approaches to decision making. They will improve their capability to interpret and forecast market situations and translate them into goal-oriented decisions. The simulation also enhances fact-based analytical decision making by linking decisions to cash flows and bottom line performance.
Strategy & International Business
This simulation is designed to give participants a higher insight into the complexity of business operations in a dynamic and competitive environment. Learning coverage areas include Technology-based product road maps and global market and production strategies; A range of concepts from various management-related disciplines including economics, politics, finance, human resources, accounting, procurement, production, logistics, research and innovation, and marketing.
This simulation provides participants with better understanding of the complexity of global business operations in a dynamic competitive environment; Comprehension of each of the management-related disciplines and the financial implications of the strategic and operational decisions; Invaluable experiences in teamwork and problem solving.
The goal of this simulation program is to equip participants with a broad understanding and command of the whole marketing decision making process and its implication on the company’s overall performance and success.
Learning coverage areas include product life cycle management, product mix management, market segmentation, positioning, distribution channel investments, advertising budget allocation, after sales services, pricing, sales forecasting, marketing research, competitor analysis, research and development, revenue and margin management and overall profitability.
Following this simulation, participants will fully comprehend the different parts of the marketing decision making process, their relationship with each other, and their impact on the company’s overall results. In addition, participants will gain invaluable experience in teamwork and problem solving.
This simulation program is a team-based, interactive project management simulation. It allows participants to experience the dynamics of managing a project that is part of a broader, multi-project program with interdependent projects.
Learning coverage areas include the philosophy that communication between people is the essence of all project management.
While project management at large covers a multitude of functional disciplines, many of which are part of the simulation, the key learning area is the need to disseminate information appropriately within the program, taking into full consideration the unique needs of each project in place. It also provides insights into the systematic measurement of project goals and key metrics like time, cost, and quality.
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