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 News
12 November 2010 | Alim Ozcan Blog
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The Formula Used for Winning at Monopoly, Can it be Applied in Business?
This week Alim asks if there is a valid argument for the game of Monopoly to be studied and taught on business courses...

I bought an iPad recently and was ecstatic to see the board game Monopoly available on the App store so I proceeded to download and have been playing it on a regular basis for the past few weeks. This has brought back fond memories of playing it for days on end between the ages of 5 to 10, which got me thinking about the strategy of winning at Monopoly, as I was regularly winning when playing against my siblings and friends!

The strategy I use in Monopoly:

1) Initially begin by buying as many properties as possible
2) Then focus on the properties that will bring you the greatest ROI (mortgage others)
3) Buy houses and hotels on them at your earliest opportunity
4) Trade with other players to strengthen your portfolio of properties
5) Don't stay in jail when there is business to be done
6) Mortgage further properties if you need to raise cash
 

In business, these can be translated as:

1) Begin by exploring all options
2) Once you have seen what you are good at, stop the others and focus
3) Invest in them; take a risk for greater market share
4) Work with others or enter partnerships to make your offering stronger
5) Don't get complacent, keep working hard
6) Take a risk of borrowing money if it means you can build on a particular service offering
 
What do you think? Is there a valid argument for the game of Monopoly to be studied and taught on Business courses? I appreciate that I have simplified the above but I really do think that keeping it simple and focusing on what you are good at, or what is providing the greatest ROI is the best approach.

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12th November 2010

Hi Alim

Actually one of the leading advisors on “escaping the rat race” is Robert Kiyosaki who has written best sellers like Rich Dad, Poor Dad and Conspiracy of the Rich has developed a game which took it’s basis from Monopoly and accelerates it and it’s called the Cashflow 101. This has helped many people develop a strategy to create cashflow enabling them to escape the rat race and become financially free. This is taught in the “Rich Dad university” and is backed and supported by Donald Trump. I’ve actually gone through the RDU and can recommend its value both personally and from a business perspective as one of the courses covered is “Becoming an Entrepreneur”.

Monopoly is something I too played when young, but caused so many fights with my brothers that Mother banned it!!

Ken Turbitt

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28th November 2010

Dear Alim

Yes, I do believe that you are on to something here. I have fond memories from a business administration class at Uni where we had fun all day for a week when playing a game that was developed for students. It was of course a bit more complex than Monopoly (book keeping, etc.) and there was no Jail J - but the strategy you describe fits, especially “keep it simple”.

Personally, as a kid, I preferred Finance before Monopoly. We had a game called Nya Finans (New Finance). If I’m not remembering this wrong the strategy used in Finance was a bit different due to stocks, bonds, etc. Maybe this game has had an impact on my portfolio strategies.

Daniel L. Vinterdag  

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