5. Microlearning #

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5.1 Microlearning Modules #

• Microlearning Modules are designed to teach students fundamental concepts and terminology. This saves instructors from having to lecture on these topics or provide other resources like textbooks.

• The entire set of 145 microlearning modules includes nearly 5 hours of video plus 2 hours of review and quizzes. The same content is included in the Business Superhero Book (PDF).

• Instructors can choose which modules to include and mark them as optional or required. Each module is only a few minutes in duration, ending with 2 to 5 multiple-choice quiz questions. Assessment is automated. Students earn 1 star for completing a microlearning module with 1 mistake made on the quiz questions for that module, or 2 stars if no mistakes made. 0 stars are earned otherwise.  2 stars are scored with 1 point while 1 star is 0.7 points.

• Instructors can monitor student progress and performance on the Instructor Dashboard (Website).

• To set up Microlearning, you must first create a Microlearning Collection, where you choose the topics you want to include, and then assign that Collection to a Group (under Group Settings).

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5.2 List of Microlearning Topics #

Expand this section to see all 145 — click the black triangle

#	Module
1	Business Basics
1.1	Businesses and Products
1.2	Stores and Resellers
1.3	Customers and Consumers
1.4	Business Creation
1.5	Profit Versus Not-For-Profit
1.6	Business, Company, and Corporation
2	Management and Entrepreneurship
2.1	Managing a Business
2.2	Entrepreneurship
2.3	Why Entrepreneurship?
2.4	Who Can Be an Entrepreneur?
2.5	Success in Entrepreneurship
2.5.1	Profit Versus Not-For-Profit
2.5.2	Revenue
2.5.3	Equity
2.5.4	Market Share
2.5.5	Brand, Reach, and Growth
2.5.6	Customer Satisfaction and Loyalty
2.5.7	Employee Morale
2.5.8	Time in Business in Community
2.5.9	Personal Wealth
2.5.10	Stress and Personal Time
2.5.11	Freedom, Learning, and Satisfaction
2.6	Managing Risk
2.7	Upside and Downside
2.8	Experience and Decision Making
3	Ownership
3.1	Business Ownership
3.2	Buying Ownership in a Business
3.3	Private Versus Public Company
4	Startup
4.1	The Idea
4.2	Business Model
4.3	Mission, Vision, and Values
4.4	Business Name
4.5	Logo
4.6	Legal Structure
4.7	Seed Financing
4.8	Sources of Financing
4.9	Due Diligence
4.10	Confidentiality
4.11	Business Location
4.12	Site Selection
4.13	Equipment Selection
4.14	Permits and Licenses
4.15	Intellectual Property
4.16	Business Advisors
5	Business Plan
5.1	Overview
5.2	Purpose
5.3	Format
5.4	Key Topics
6	Market Demand
6.1	Marketing
6.2	Market Demand
6.3	Potential Revenue
6.4	Competition
6.5	Product Differentiation
7	Pricing and Profit
7.1	Pricing and Profit
7.2	Price
7.3	Gross and Net Profit
7.4	Calculating Costs
7.5	Cost-Plus and Market Pricing
7.6	Selling Price Versus Retail Price
7.7	Price Expectation
8	Consumer Profiles
8.1	Consumer Needs
8.2	Demographics and Psychographics
8.3	4 Ps of Marketing
8.4	Consumer Psychographics
8.5	Consumer Groups
8.6	Targeting Consumer Groups
8.7	Price is Always a Concern
8.8	Market Size
8.9	Market Data
9	Strategy
9.1	Strategy
9.2	The 4 Steps
9.3	Business Strategy Tips
10	Inventory Management
10.1	Inventory
10.2	Producing Too Few Units
10.3	Producing Too Many Products
10.4	Forecasting
11	Sales and Marketing
11.1	Sales Versus Marketing
11.2	Market
11.3	Customer Types
11.4	Sales Methods
11.5	Promotion
11.6	Brand
11.7	Territories
11.8	Inventory Distribution
11.9	Currency
11.10	Advertising
12	Human Resources
12.1	Employees
12.2	Hiring
12.3	Managing
12.4	Hiring and Severance Costs
12.5	Salary and Benefits
12.6	Employee Morale
12.7	Productivity
12.8	Turnover
13	Ethics
13.1	Business Ethics
14	Financing
14.1	Business Financing
14.2	Debt Financing
14.3	Applying for a Loan
14.4	Loan Example
14.5	Equity Financing
14.6	Equity Example
14.7	Share Price
14.8	Earnings Per Share
14.9	Dilution
14.10	Profit
14.11	Sources of Financing
15	Currency
15.1	Global Currencies
15.2	Exchange Rate
15.3	Impact of Exchange Rates
15.4	Reducing Risk
16	Accounting
16.1	Business Accounting
16.2	Double-Entry Bookkeeping
16.3	Accounts
16.4	Debits and Credits
16.5	Cash Versus Accrual Accounting
16.6	Accounts Payable & Receivable
16.7	Buying and Selling Products
16.8	Order Form
16.9	Purchase Order
16.10	Bill and Invoice
16.11	Receipt
16.12	Financial Statements
16.13	General Ledger
16.14	Accounting Standards
17	Cash Flow and Budget
17.1	Importance of Cash
17.2	Cash Flow
17.3	Cash Flow Statement
17.4	Budget and Cash
17.5	Over and Under Spending
18	Income Statement
18.1	Financial Statements
18.2	Revenue and Expenses
18.3	Net Profit and Gross Profit
18.4	COGS and COS
18.5	Other Income
18.6	Period
18.7	Retained Earnings
18.8	Relationship to Balance Sheet
19	Balance Sheet
19.1	Financial Statements
19.2	Assets and Liabilities
19.3	Business Value
19.4	Equity
19.5	Increasing Equity
19.6	Balance
19.7	Dividends and Retained Earnings
19.8	Period

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5.3 Microlearning Collection #

• To set up Microlearning, you must first create a Microlearning Collection, where you choose the topics you want to include, and then assign that Collection to a Group (under Group Settings).

• Use the Instructor Website to create a Microlearning Collection. Click Microlearning in the ACTIONS tile on the main dashboard page.

Then click Create New Collection

• A Microlearning Collection allows you to choose specific microlearning modules that you want to show or hide for your students. For example, you may want to show the Business Basic modules and hide the_ Accounting_ modules. You can also choose to show individual modules as optional or required, and you can grade students based on their scores. You can create any number of Microlearning Collections with different settings for each.

• Completion percentage and scores shown in the Performance Report are  based on the modules set to be visible or required (you choose this setting). Hidden modules will not be included. For example, if you set 50 modules visible and 100 hidden, students will only be scored on the 50 so a student completing all 50 will earn a 100% completion percentage.

• Setting a module to required will show an icon next to the module to identify it as required.

• To view a microlearning module, go to the screen shown above and click the orange number link.

• Pacing — Showing and hiding modules as your course progresses.  Some instructors prefer to control student pacing by showing microlearning modules at specific times during a course schedule. You can change the selected microlearning modules at any time, allowing you to add or remove modules during play. If you do make a change, student Performance Reports will be updated automatically the next time a student plays one Simulation Day in the game. This triggers a save which updates the Performance Reports. Alternatively, students can click the SAVE button under MENU.

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5.4 Assigning to a Group #

• Once you have created a Microlearning Collection, you can assign it to one or more Groups (under Group Settings). Instructors have the option to create different Microlearning Collections for different groups of students.

• You can choose to assign the same Microlearning Collection to multiple Groups. This allows students to continue their Microlearning as they move from one business Simulation to another, without having to repeat modules that were completed previously. For example, if a student completes module 1.1 in Group Lemonade Stand, this same module will appear completed in Group Kiosk _and Group _Full Business — if those Groups have been assigned the same Microlearning Collection.

• Note— When using the same Microlearning Collection across multiple Groups, use the Microlearning results from the Group in which students have most recently played.  Microlearning results shown in Groups students stopped playing may only show the Microlearning results as of when the student stopped playing, even though they may have continued making progress under another Group.

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5.5 Student Access and Grading #

• Students can access Microlearning while playing the Simulation by using MENU > Microlearning as shown below.

• Students may also access Microlearning using a button that appears on their GoVenture dashboard before they launch the Simulation. This button will appear after they have joined a Group Number and started playing the Simulation.

• Students earn 1 star for completing a microlearning module with 1 mistake made on the quiz questions for that module, or 2 stars if no mistakes made. 0 stars are earned otherwise.  

• 2 stars are scored with 1 point while 1 star is 0.7 points.

• Students are allowed to rewatch the videos and retake the quizzes to maximize their score. Allowing multiple attempts is by design and cannot be disabled. This promotes better learning and less testing anxiety for students when they are trying to learn basic concepts and terminology. Playing the Simulation is where students primarily demonstrate their focus and skill and should be the core focus of assessment.

Important Notes:

If you make a change to a Microlearning Collection, your students will not see the change until they do one of these actions:

• Log in to GoVenture again.

  -or-

• Refresh GoVenture (refresh the Internet browser while playing the Simulation or doing Microlearning).

The acion below is no longer required as of Jan 2025
To make sure your instructor dashboard displays the most recent Microlearning results, direct your students to take one of these actions: ~~ ~~* While playing the Simulation game, click MENU then SAVE.

~~ -or- ~~

* Advance the Simulation game by one simulated day — reports are automatically updated after a student completes each simulated day in the business Simulation (If a student completes Microlearning modules but does not return to continue playing the business Simulation, your instructor dashboard will not update with the latest results until they do or save the Simulation game).

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