Vol. 4, No. 1, Summer 2009

 

Marketplace Live is Adding a New Dimension
to Learning

For three years, we have been working on the next generation of business simulations. As you plan your course for next semester, you might want to take a look at the new Marketplace Live simulation. The 3D, digital animation and graphics create a whole new learning environment that we hope is more intuitive, interactive and interesting. Our design goals include the following:

mkt live

The feedback from our early adopters has been very positive. Here is what we have learned so far.

Marketplace Live:

  • Appeals to a different learning style – visual versus symbolic.
  • Helps naive students to understand the decisions they face.
  • Bridges the gap between difficult concepts and practice
  • Emulates what is going on in the rest of the students’ lives - they are comfortable with it.
  • Is more fun.

By itself, we have also learned that 3D animation is not sufficient. The underlying simulation model must be good. Importantly, Marketplace Live is built upon a well-tested and widely adopted business model and pedagogical approach.

Intro to Marketing and Business Fundamentals added to Marketplace Live Product List

We continue to expand our Marketplace Live game coverage. We have recently added Intro to Marketing and Business Fundamentals to our list of digital 3D simulations. We are now working on Venture Strategy and e-Commerce. We hope to have these ready for beta testing in October with widespread adoption in January, 2010.

New Animated Stories

For those of you that have already adopted Intro to Business and Strategy, we have added several new animated stories to illustrate key learning points and events in the simulation. You will especially enjoy the new stories featuring the loan shark.

Updated Game Scenarios

As we roll out new game levels in Marketplace Live, we have also revised the game's scenarios. We have updated the geographic regions, market research data, and brand and ad features. These changes ensure that your students will not be able to pass game play advice from one class to the next.

Visit the Marketplace Live website

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Innovative Learning Solutions, Inc., 500 West Summit Hill, Knoxville, Tennessee 37902, USA
Phone: +1 865.740.1776