Extreme Game of Monopoly over at Simunomics

Extreme Game of Monopoly over at Simunomics

I’m having a blast with Simunomics, a massive mulitplayer business simulation where you can start a business and compete with other players. The goal is, of course, to maximize shareholder value. Build up your retail, manufacturing and natural resource empire to gain market share and build up profits.

I started with manufacturing, and built factories making paper, dyes, beer, and ceramics. None of these fared very well. To keep my costs down, I built them in a depressed town (Drakar), and the markets for wholesale goods there are not very liquid. So I built a convenience store. Unfortunately, the competition for convenience stores is intense, and that store didn’t do too well, either.

So I sold everything – factories and all – and switched over to retailing. Did some market research – there’s serious demand in Drakar for phones, washing machines and fixtures. Then, I converted my convenience store to an appliance store, stocked up on phones, washing machines and fixtures, and started making money. At this point, I’m manufacturing my own phones and washing machines, which I’m reselling out of my own retail outlet.

I’ve got 272/400 points at the Startup(1) level. I’m looking forward to expanding so that I can move on to the next level. Right now, I’m aiming for more market presence in the appliance field, to expand my retail operations, and to continue to vertically integrate by manufacturing all of my own goods.

I would like to encourage my students to try out Simunomics, too. It will better help them to understand the mechanics of business operations. It’s also kind of addictive.

If you’d like to meet up over there, my business name is SHU Accountinator.

About Mark P. Holtzman

Chair of Accounting Department at Seton Hall University. PhD from The University of Texas at Austin. Worked at Deloitte's New York Office. BSBA from Hofstra University.

2 Responses to “Extreme Game of Monopoly over at Simunomics”

  1. I’d be interested to hear your opinion of Minsky, a system dynamics simulator with particular emphasis on double-entry (balancing) flows.

    For example, do you think it’s reasonable for a business to try to diagram its internal flows using Minsky or a similar product? What about a business modeling its context – its suppliers, customers, competitors, or (more abstractly) the industry or nation?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: