Playing the IP-ology gameIP-ology is divided into two parts. All players will first start at the IPO Race, following which they willenter the Management Race once they have fulfilled the requirements.OBJECTIVEThe objective of the board game is to teach the players fundamentals of running a company, as well asthe process for a company to go into IPO.EQUIPMENTThe equipment consists of a board, 2 dice, 10 playing pieces and 50 factories. There are 10 Industry, 20Risk, 20 Opportunity and 15 Q&A cards, an Answer Sheet and money chips.SETTING UP THE GAME 1. Elect a person to act as a Banker. The Banker should be someone who is good at calculating and keeping track of things. Banker is allowed to participate in the game too. 2. Shuffle the Event, Opportunity and Q&A cards. Place them face down on the game board in their marked places. 3. Shuffle the Industry cards and deal randomly, face down, to each player. 4. The Banker will then distribute the amount of money stated on the card to each player.TO BEGIN 1. Each player chooses their own playing piece. Player will also receive 5 red-colored factory tokens. 2. Place the playing piece on the arrow marked “Start” on the IPO Race. 3. Players get to choose the order of play among one another. 4. The first player in the IPO Race will roll two dice on their turn. The player moves in a clockwise direction the number of grids shown on the dice. Landing on the same grid as another player has no effect on either player. 5. If the player lands on Event, Opportunity and Q&A, draw a card and read it out loud.SPACES ON THE BOARD INDUSTRY Industry cards are given out at the beginning of each game to every player. These cards will show players the industry that they are in and the estimated profit that the company will earn annually. Players will receive the amount of money stated on the card at the start of the game and at the beginning of each year. RISK
The event cards include a variety of events that will affect a company. Depending on the event written on the card, players will either lose or earn a profit. Players have to read the card aloud. Some risk card may affect other players in the game too. Event expires when the next player moves. OPPORTUNITY Opportunity cards are chances that may help the players in their quest to get out of the IPO Race and be the first to win the game. On landing on Opportunity, situations will be given on the card. Q&A Q&A cards are questions. Players who have drawn a Q&A card will have to answer the question on the card. If the player answered the question correctly, they will receive a sum of money stated on the card. However, if an incorrect answer is given, the player will lose a turn. Answers to the questions can be found in the Answer Sheet. BANKRUPTCY A player is considered bankrupt when their company’s annual income is negative and does not have the cash on hand to pay the expenses due (e.g. rental). If the player declares bankruptcy, the player can redeem itself by: A. Selling any number of assets owned (e.g. factory) to repay the debts incurred. B. Taking up a bank loan – company must have the ability to pay off the bank loan. If the player’s annual income still remains negative for 2 consecutive years, then the player will be officially out of the game. FACTORY Players are only allowed to build a factory when they land on the “Factory” grid on the board or picked up a card that allows them a chance to build a factory. By building a factory, it increases the efficiency of a player’s company, allowing the players to manufacture products quickly and reduces cost. Player will receive the sum of money stated on the grid or card every round if they own the factory.THE IPO RACEThe “IPO Race” is the spiral circle on the left side of the board, where companies try to meet therequirements to be listed in the Mainboard. The goal is to get out of the IPO Race and onto theManagement Race. To get out of the IPO Race, players can choose to meet either of these 2requirements: 1. Cumulative pre-tax profit of at least $7.5 million over the last consecutive 3 years, with a pre-tax profit of at least $1 million in each of these 3 years. 2. Cumulative pre-tax profit of at least $10 million for the last 1 to 2 years.
THE MANAGEMENT RACEThe “Management Race” is the outer track of the game board, where companies who have listed on theMainboard play the race game. On the Management Race, the goal is to have strong financialmanagement, and avoid becoming bankruptHOW TO WINThe first player to achieve $50 million on the Management Race wins the game.RULES 1. During the preparation for play, the Banker shuffles the pack of Industry cards and gives one to each player. 2. The Banker will then distribute the amount of money stated on the card to the players. 3. In the game, it is necessary for players to land on the “build a factory” grid in order to own a factory. 4. In the event that a player is unable to pay off its debts and expenses and has a negative profit, the player will be out of the game immediately. 5. At the end of the game, the player who managed to reach the "Management Race" and has a profit of $50 million will win the game. 6. Every 3 rounds around either the IPO Race or the Management Race represent 1 year.