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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

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Wellbeing @ Work Summit Middle East 2021 – where balance, resilience and authenticity break the Mental Health Stigma

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Written by: Cinzia Nitti

Globally, 2020 has been a year like no other. Coronavirus pandemic caused a massive business disruption; transformation has been key in supporting employees and catalyzing workplace changes. There was a rush to adapt and reinvent Business Models. Organizations had to rethink and reconsider how they deliver services and strengthen their Organizations through a forward-thinking Digital strategy. To be more agile and responsive in such uncertain times, we need to respond to challenges and adapt quickly to new scenarios by moving from rigid hierarchies to leaner and more flexible structures.

But what about Mental Health at Work, and why is it essential?

What’s the Office of the Future?

Within the Wellbeing @ Work Summit Middle East 2021, HR Leaders tried to normalize the conversation about Mental Health by putting the topic first, enabling self-care and professional support, raising awareness, and building knowledge around its related issues. Nowadays, personal and work life are more intertwined than ever, so it becomes vital to create balance: the more employees feel free to talk about Mental Health, the more they can prevent struggle and breakout at the Workplace. HR leaders play a crucial role in making an IMPACT by pushing new solutions, promoting work-life balance, redesign workloads, and supporting their Teams.

In this general frame, Irada Aghamaliyeva (MENA Diversity, Inclusiveness & Wellbeing Leader at EY) affirmed: “Workplaces that are inclusive foster enhanced employee wellbeing; employees with high levels of wellbeing are more inclusive”. How can Organizations increase employees’ resilience and embed sustainable Leadership behaviors in the post-covid reality?

Dr. Irada Aghamaliyeva introduced the Mindfulness practice in the Workplace and highlighted its benefits on a large scale: improved wellbeing and resilience on a physical level; positive emotions, self-regulation, empathy and awareness of social dynamics; learning and innovation thanks to the implementation of flexible thinking, intuition and problem-solving processes. So breaking the stigma is possible, starting from personal wellbeing to sustain positive energy and fuel resilience.

About the Power of Empathetic and Authentic Leadership, Dr. Rima Ghose Chowdhury (EVP & Chief Human Resources Officers at Datamatics Global Services) stresses the importance of Leadership roles today. The virtual environment employees are working in, makes them more vulnerable due to a lack of balance between emotional and authenticity traits. Authenticity is the primary factor in effective leadership, regardless of the leadership style. Putting employees first as a strategic priority and hearing their voices to guide strategy; embracing agility to work more effectively in tumultuous time; including a multigenerational work-force: these are the key concepts within Dr. Rima’s motto “Empowering is to enable”. Through motivation and filling emotional support needs, the Empowering Teams Process leads to employees’ safety, esteem, and self-actualization. 

The Wellbeing @ Work Summit delivers strategic direction, advice and inspiration from employers and experts from across the world to help you create a more compassionate corporate culture that delivers results. To know more about the FOW Future of Work Insights platform around the world, click here: https://fowinsights.com/

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The Wellbeing @ Work virtual Summit Middle East returns for its 5th annual event on 22-24 February 2021

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The summit provides an innovative and experiential virtual learning opportunity for our audience of CEOs, benefit and reward business leaders and senior HR professionals. The information and knowledge gained from attending this event allow the opportunity to make strategic wellbeing and mental health decisions within an organization, supporting our mission to create more flourishing and thriving workplaces. Never before has the mental health and wellbeing of your employees been so important. The Wellbeing @ Work Summit includes keynote speeches, panel discussions, workshops, and fireside chats alongside unrivaled networking with leaders across the Middle East using our AI-enabled matchmaking platform. This is far more than a webinar! An engaging 3-day event providing you invaluable insight and tools to create thriving workplaces.

Key Reasons to Attend:

  • An engaging AI-enabled matchmaking platform to make invaluable connections & host virtual meetings up to 2 weeks before the three-day festival
  • Learn how multinational organizations are creating workplaces where employees thrive in the new world
  • Campfire panel discussions informing workplace change & mental health solutions
  • Middle East-based employer case studies providing the secrets to employee wellbeing success
  • International experts bringing best-practice from across the globe
  • Invaluable networking with business leaders from across the Middle East

The Wellbeing @ Work Summit delivers strategic direction, advice and inspiration from employers and experts from across the world to help you create a more compassionate corporate culture that delivers results. The design and implementation of a holistic wellbeing and mental health programme that delivers healthy outcomes and a more productive organization is paramount right now. 

In addition, the results of the extensive Middle East region-wide survey on wellbeing and mental fitness in organizations across the region made in partnership with Cognomie will be presented during the event.

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DECODING FUTURE HR: Global 24 hour virtual event | 19 and 20 January 2021

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DECODING FUTURE HR: Today’s challenges are tomorrow’s trends and opportunities

Global 24 hour virtual event | 19 and 20 January 2021

www.decodinghrevent.com

The world in 2020 has changed to a ‘new normality’ but what’s that ‘new normality’ everybody talks about? Is it here to stay? How is it affecting us in our daily lives in the different versions of ourselves? As a customer, an entrepreneur, a parent, a friend…a worker…

Our job is a key part of our lives and we are indeed living through a fundamental transformation in the way we work. Automation and ‘thinking machines’ are replacing human tasks and jobs, and changing the skills that organisations are looking for in their people. These momentous changes raise huge organisational, talent and other HR challenges. It has become clear that few organisations are likely to revert to pre-pandemic practices even after a vaccine is found.

Decoding Future HR 2021 is bringing you the ideology of how today’s challenges are becoming tomorrow’s trends and opportunities resulting in HR excellence.

Why you should attend:

  • Learn about the trends and best practices shaping future HR
  • Get valuable insights from expert speakers
  • Share ideas and research to help your organisation reach its goals
  • Understand what do employees want in ‘New Normal’
  • Develop new vision for HRBP and Centre of Expertise
  • Identify, integrate and understand stakeholders to create an intentional employee experience
  • Approaches and elements to leadership development.

Some of our confirmed speakers:

  • Tshepo Yvonne Mosadi , Human Resources Director, The HEINEKEN Company
  • Sarah Tabet, Global HR Director/ D&I Leader | Author for “Inclusion Starts with U”, Schneider Electric
  • Wadah Al Turki, Country Talent Manager KSA and Bahrain, IKEA
  • Lesha Chakraborti, Head of HR – EMEA, Travelex
  • Shaban Butt, Director HR & Administration, The Coca-Cola Company
  • Sajjad Parmar, Head of Rewards – APAC, eBay
  • Katey Howard, VP, Talent Management AMESA, Pepsico
  • Chen Fong Tuan, HR & General Affairs Director, Samsung Electronics
  • Prerna Ajmera, Senior Director, HR Experiences and Solutions, Microsoft
  • Václav Koranda, Vice President Human Resources / Member of the Board of Directors, T-System
  • Amy MacGregor, VP Employee Experience, Global HR, Manulife
  • Adwait Kashalkar, People Analytics and Programme Management Leader, APAC, Mastercard

Click here to view all speakers: www.decodinghrevent.com/speakers

At Wisdom we remain positive that ‘normality’ will soon return and that we will be able to physically meet together once again as speakers, delegates and sponsors at our beautiful venues around the world. But meanwhile, life continues and we need to keep in touch and learn from each other. This 24-hour virtual event will be of great benefit and value to your businesses and its continued development during these challenging times. While this virtual event comes at a lesser cost, it provides for now a wider reach into an international audience, with flexibility of access to content as well as allowing you to have the same opportunity as at a face-to-face session for one-to-one business meetings. We look forward to welcoming you in January.

Date and time: 19-20 January 2021Where: Virtual engaging platform
  Further information and bookings: www.decodinghrevent.com        Contact:
marketing@wisdom.events   #WSDM_BI
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