We suggest that everybody involved in these discussions play the game first or at least be very familiar with how it works. We include insights and discussion points for each of the questions.
This article explores two questions, based on Monopoly, that are sure to provide lively discussions in the classroom and other settings and reinforce understanding of the practicalities and challenges of managing a business. While it’s a bad blueprint for running an actual enterprise, the game is actually a great vehicle for helping entrepreneurship teachers, students and even current business owners improve their understanding of entrepreneurship. Many people got their first taste of an entrepreneurial experience when they played the Hasbro game Monopoly - a misleading and unrealistic representation of how real-life businesses run. Investopedia defines an entrepreneur as “an individual who creates a new business bearing most of the risks and enjoying most of the rewards.” Wikipedia calls entrepreneurship “the process of designing, launching and running a new business, which is often small.”
