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HR: How to Play Monopoly Board Game as an Entrepreneur?

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Before the generation of technology most of us spent time on board games. After I grew up I noticed how beneficial these games are to adults as well as it is beneficial to teenagers and children. Board games teach us lessons about life.

Monopoly has an Egyptian version that is called Bank El Haz which means “Bank of Luck”. It’s the same as Monopoly but with Arabian country names. This made me think: Is this game all about “monopoly”? What is the purpose behind it? Is it economic domination, success by bankrupting others, or having more assets? And is the game all about “luck”? Some people agree that even their real life is all depending on luck.

There are usually 3 kinds of players in Monopoly:

1-The one who is the luckiest, who usually comes across all the important lands and buys them.
2-The one who has “normal” luck and comes across some important lands and other less important ones like the water company for example.
3-The one with the least amount of luck, the player who only comes across the less important lands. This person is usually me.

In real life you will find these three players. Sometimes there is a “dice” that controls our lives or business environment. This dice could be economy, politics, personal issues, health, global trends…etc. But “control” is not the right word. These factors; the dice, do have a control but they are not “in control”. This is one of the concepts I used to always win.

Okay let’s focus on the third kind player; the one with bad luck. Usually when I am at that situation, after the third round I find all the other players making deals, switching lands and setting a plan to start building stores to increase the rent. Since I’ve been crossing by the wrong places, then no one would be interested to make business with me and complete a set. 2 more rounds and I’ll be paying massive rents and selling the few lands I own. I’ll be the first one out of the game. I’m not luck for this game. The dice is always against my will. I better quit now and go watch a movie instead. But, I decided to play. I found out that you don’t have to twist or change the rules of the game to win, but you can change your perception. I started by making a SWOT analysis to fully understand my situation.

I was the richest player in the game since I didn’t spend my capital in buying many lands, that’s a strength. I don’t own many lands of high value that I can use for a lucrative bargain or trade, that’s a weakness. I have a great amount of cash that will soon shrink and disappear if I don’t invest it in anything, that’s a threat. But how can I invest while I don’t have any fixed assets or liabilities?! The answer is simple, if you don’t have your own project to invest in, then invest in another’s project that you believe in, and that’s the opportunity. If you cannot be an entrepreneur, you can become an incubator.

I started to look around me, analyzing the environment. Who is the most suitable candidate? The luckiest person of course, type 1; the player with the lowest cash, and highest number of lands. This player is actually in a deep threat. He/she doesn’t have much money to build stores and hotels, whilst the other players that are rated “type 2” will have both the money and the lands. Type 1 is my deal, he/she needs my money to build with it or else after 2 more rounds they will be selling all their lands to the other players. So I simply give player type 3 70% of my money.

The Contract

  1. You will have 70% of my current cash to build stores and hotels.
  2. If I come across any of the lands you built upon I will not pay you anything.
  3. As I am your partner and investor, I will take my share of 50% of the lands’ profit.
  4. The contract can be rewritten or terminated after full 10 rounds.
  5. If the contract is fully terminated the capital I provided at the beginning returns back to me without any interest.

Congratulations. As simple as that, you secured your capital into profitable assets. But, that’s not enough.

The type 2 players will feel threatened. This is another opportunity for me. I start working for my second deal.

I still have unused money with me (the 30% remaining from my capital). Invest them all, and leave some pocket money for the road.

Contract Number 2

  1. You will have a good amount of cash from me to assist you in building all the stores you need.
  2. If you have missing lands that I can provide you with to complete a set I will lend them to you for free.
  3. If I come across any of the lands that I invested in I will not pay any rent.
  4. As an investor and a minor partner I will take my share of 25% from the profits of my lands and investments.
  5. The contract can be rewritten or terminated after full 10 rounds.
  6. If contract is fully terminated the capital I provided at the beginning returns back to me without any interest. I also retrieve the lands I lent to you.

Congratulations your second deal! Basically you can reach a point where you can step across any land without paying anything. You actually own nothing but you are not paying any rents, and you are making money from “every” transaction made between any of the other players. A few rounds you will be the richest person. But is this enough?

I will be the mega entrepreneur for the next 10 rounds, but what will happen afterwords? Maybe the other players will be very threatened from my performance and will all collaborate against me! Yes that’s a logical thing to do if I were them. So after the 10 rounds are over they will all terminate their contracts and find a way to get me. Keep in mind that these players are much more smarter now than when they first started the game. They too will be thinking out of the box.

As an entrepreneurial person I should always read the future. My chance is in the first 10 rounds after the agreements. I should start to move from incubation into acquisition and acquiring, and start investing your profits into buying other organizations; lands and complete sets.

No matter what the “environment”, the “dice” or “luck” gave to me, I was still able to create my SWOT analysis and find a way. I dealt with the other players as partners instead of competitors or opponents. Can you apply this in your next Monopoly Board game? Can you then apply this approach in reality? Enjoy the experience and the “Monopoly Theory of Entrepreneurship”.

Written By: Mahmoud Mansi

Image Designs: SinisterMonopoly

Magazine

Stevie Awards Winners’ Articles Series – Eng. Abeer Mahmoud Ramadna

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“Continuous Learning, adopting innovation & creativity and teamwork are among the guiding principles of success and excellence in the government sector” Eng. Abeer Mahmoud Ramadna

Winner Name: Eng.  Abeer Mahmoud Ramadna

Winner Title: Director Assistance for Control & Inspection for Economic Activities at Ministry of Industry & Trade in Jordan

Winning categories:

  1. The Gold Stevie Winner in the category “the most innovative Communications Professional of the year “
  2. The Silver Stevie Winner in the category “Innovation in Community Relations or public Services Communications”
  3. The Bronze Stevie Winner in the category “Innovative Management in Government – Organizations with 100 or more employees”
Brief Biography about the Winner:

Abeer Ramadna is the Director assistant of control and inspection unit at the Ministry of Industry, Trade, and Supply (MIT) in Jordan, she has a Master Degree in Industrial Engineering- Engineering Administration / University of Jordan with “excellent degree”. Abeer has 20 years of experience in private and public sectors, and is a focal point for UNIDO at MIT in Jordan. Abeer is a certified Management development Expert from ITC/ Vienna in 2005, a certified Export Consultant to EU from CBI/Netherland in 2007, certified Lead Auditor for Quality Management ISO 9001:2015, a certified Engineer Expert in Quality and Environmental Management systems in 2018 and a certified EFQM Assessor from EFQM in 2019. Eng. Abeer has a wide professional expertise in many fields that allow her to provide consultations to the organizations in various fields including Quality Management, Environmental Management, preparing industrial polices, strategies and plans, Inspection polices, Monitoring & Evaluation systems, implementing the ISO9001, ISO14001 ISO14040s standards, and conducting technical industrial sectors studies.

Eng. Abeer won three Stevie Awards from three different categories after participation in Middle East Stevie Awards in 2020, these are:

  1. Gold Stevie Winner in a category:” The Most Innovative Communications Professional of the Year”. These categories honor the most innovation in communications practice, management, and use of technology.
  2. Silver Stevie Winner in a category: “Award for Innovation in Community Relations or Public Service Communications”. These categories honor innovation in communications practice, management, and use of technology in the public sector.
  3. Bronze Stevie Winner in a category: “Award for Innovative Management in Government “. These categories honor innovation in executive management including the Award for Innovative Management in a number of industry sectors.

Abeer has been published scientific papers in one of the world accredited journals in E-government. Titled “Barriers to E-Government Adoption in Jordanian Organizations from Users’ and Employees’ Perspectives” in 2017, the link is:

https://www.igi-global.com/article/barriers-to-e-government-adoption-in-jordanian-organizations-from-users-and-employees-perspectives/181280

and published another scientific paper titled: “SEM approach to determine factors affecting e-government success in Jordan”,  the link is:

https://www.researchgate.net/publication/333488499_SEM_approach _to_determine_factors_affecting_e-government_success_in_Jordan

She was selected as a Judge at the Best Jordanian chemical product Award in all three cycles of it during 2015 to 2020, Judge in the 2019 management & entrepreneur Awards categories judging committee Stevie Awards, and Judge at the best industrial engineering project for the Jordanian universities in 2019. She participated in several national and International conferences, meetings and presented papers, as a representative of the MIT / Jordan.

https://www.facebook.com/abeer.ramadna

http://linkedin.com/in/abeer-ramadna-msc-ie-pe-cbi-em-itc-mde-66928170

https://stevieawards.com/ar/mena/eng-abeer-ramadna-2

http://jordanembassyus.org/news/jordanian-engineer-wins-three-middle-east-stevie-awards?fbclid=IwAR2iBj4P8uHERE_Q2Yf-hatk2yJ-bGeq1g8MaYPIz_HJ42HqUyA6UCPehdM

Stevie Award winning Case Study:

  • Developing action plans of inspection development to governmental institutions (Inspectorates) work in fields of health, Environment, labor, safety for economic sectors in Jordan.
  • Supervision of developing Electronic Inspection System for governmental inspectorates.
  •  Conduct many awareness workshops for governmental inspectorates and for private sector institutions.
  • Conduct many workshops and training sessions as A National trainer of trainers in the shaping of future studies.
  • Secretariat of higher committee for Inspection development of Economic Activates that consists from high level management in governmental inspectorates.
  • Abeer is trusted as a competent team leader and confident expert in Quality management & Inspection systems
  • Abeer conducted in 2018 a study titled the Industrial engineering in the government sector in Jordan, current situation and future opportunities and present it in the 2nd International Conference on Industrial Systems & Manufacturing Engineering (ISME’19) Nov, 11-12, 2019 in Amman.
  • Abeer was chosen after a series of selection process as one of the National participants in the Civil Service Development Program in Jordan and attended all phases including the leadership and developing high performance teams at the Royal Military Academy Sandhurst UK during 2019.

Eng. Abeer Mahmoud Ramadna “Continuing to contribute achievements and make positive impacts are goals that are achievable with the presence of strong & positive attitude, self-motivated character & determination.”

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Articles

Stevie Awards Winners’ Articles Series – Asiacell

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“Winning such an award requires hard work and we encourage other companies to focus on their customers and local communities in order to excel”

Winning Organization: Asiacell

Nomination: Award for Excellence in Innovation in Technology Industries (including Telecom)

Brief about the Organization:

Asiacell is a leading provider of telecommunications and data services in Iraq. As part of international telecommunications company Ooredoo Group, Asiacell was Iraq’s first mobile telecommunications provider to achieve nationwide coverage. Asiacell is also a leading internet provider with its 3.9G data services, offering the best network coverage in all of Iraq since January 2015.

Stevie Award Winning Case Study:

As part of its commitment to expand network coverage in Iraq, Asiacell has continued to support the redevelopment of the country’s infrastructure and economy and the provision of high-quality connectivity solutions. It has enhanced its “Hot Zone” restoration strategy by putting 200 sites on air and connecting over 500 sites to 3G.

Focused on improving the quality of life for communities, Asiacell’s CSR initiatives are focused on key areas, such as health, education and culture. Asiacell has equipped several higher education institutions with computer labs and supported the renovation of schools, with the aim of providing quality education infrastructure. It also partnered with the Chibayish Environmental Tourism Organization to build the first Iraqi Marshlands heritage museum in Ahwar as part of its efforts to revive Iraq’s Marshland, while generating a positive effect on tourism and jobs creation. 

Recognising that its people are its key asset, Asiacell continues to roll out initiatives focused on engaging and empowering employees. It has invested heavily in digital transformation, including digital upskilling for employees, and streamlining of various internal processes in order to nurture a digital-first culture that embraces innovation.

We are so glad to be recognized as a successful and innovative telecommunication company in Iraq with a Stevie Award for “Excellence in Innovation in Technology Industries”. Recognition from the Stevie Awards means a lot to us and motivates Asiacell to continue to serve the community with professionalism. Winning such an award requires hard work and we encourage other companies to focus on their customers and local communities in order to excel.

THANK YOU

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Articles

Qisaty Project & Developing Talent in Children with Special Needs in Egypt

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Edited By: Mahmoud Mansi

Qisaty Project – founded by Mona Lamloum – was launched on 26th December 2019 to support children talents through a series of storytelling, writing and drawing workshops.

The total number of children who participated in the storytelling workshop is 60 including the most talented 20 who were selected to the story writing sessions, 16 children ranging from 6 to 14 years old got their stories selected to be drawn by 19 children with special needs.

The drawing workshops were held in 3 cities in Egypt with cooperation with 2 special needs associations; Nida Society Rehabilitation with both branches in Cairo and Luxor. 14 children, and Ashab El-Erada Association in Alexandria. 5 children.

The children have different disabilities, hearing loss, partial blindness, movement disability, learning difficulty disability, mental disability and increased electricity in the brain.

Of course such an interesting project needs proper preparation and an intellectual plan. Mona Lamloum shared some of the challenges that she and her team have faced during the project:

1-The global pandemic and the sudden lockdown.

2- The fact that most of the children with special needs suffer from many chronic diseases which lowers their immunity, in addition to the huge responsibility that lies on the team while holding the workshop during the pandemic.

3-The fear of the parents of the children with special needs participation at the drawing workshops due to the pandemic and the lack of their immunity. Which was managed to concur with the help of the project partners in drawing workshops. 

Eventually, Qisaty Project was held at exceptional circumstances and according to deadlines set up before the global Corona pandemic. However, the team did their best to get the project done within the lockdown with a quality that is aspired from the beginning, and that was done simply by teamwork, sharing a unified vision, and collaborating to find new solutions.

The result is 16 short stories in addition to 64 drawings by hands of talented children with special needs and with variable disabilities from three cities: Cairo, Alexandria and Luxor. Each drawing tells a different scene from a short story inspired from the children themselves to be published as a grand book that gathers the short stories and the drawings of all the talented young participants.

Acknowledgements:

Qisaty Sponsors:

– Amideast: Hosted the story telling, story writing workshops and the day that gathered the writers and children with special needs mixed day.

– Nahdet Misr Publishing House.

Media Sponsors:

– Marj3 Platform

– HR Revolution Middle East

– EBBY

– Arablit Quarterly

Children with special needs Associations:

– Nida Society Rehabilitation with both branches in Cairo and Luxor.

– Ashab El-Erada Association in Alexandria.

Qisaty Trainers:

– Hanan El-Taher.

– Mona Lamloum.

– Zeinab Mobark.

Designing Storytelling and writing workshop:

-Mona Lamloum

Writing workshops:

– Mona Lamloum

– Yaqoub El-Sharouni

Drawing workshop:

– Under the supervision of Shoikar Khalifa,

 – With the help of respectful team at Nida Association at Cairo and Luxor.

 – Ashab El-Erada Association at Alexandria by Sahar Zaiton with the help of Aliaa Abd-Elsalam.

Team Members:

– Rawan Said

– Ahmed Ismail

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