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Entrepreneur rules
1. Entrepreneur
- A Game of Industrial one-upmanship
Rules of Game:
Imagine you are an entrepreneur and you want to start a business. Generally you
will need six parameters to take care of. The detail information about all these
parameters is given as below.
1) Infrastructure
Sr no) Cost Maximum Upkeep Upgradation
Production Capacity Cost(per turn) Value
1) 60,000 500 3,000 54,000
2) 114,000 1000 5,700 102,600
3) 162,600 1500 8,130 146,340
4) 216,800 2000 10,840 195,120
5) 263,000 2500 13,150 236,700
2) Machinery
Sr no) Cost Maximum Production Upkeep Upgradation
Capacity Cost(per turn) Value
1) 150,000 500 7,500 135,000
2) 285,000 1000 14,250 256,500
3) 406,500 1500 20,325 365,850
4) 541,500 2000 27,075 487,350
5) 657,000 2500 32,850 591,300
2. 3) Employees
Wages(/unit) Quality
1) Untrained 150 0%
2) Trained 155 1%
3) Trained and Experienced 168 2%
4) Highly Trained & Experienced 175 3%
4) Raw materials
Cost(/unit) Quality
1) Low Quality 120 0%
2) Normal Quality 128 1%
3) High Quality 145 2%
4) Very High Quality 158 4%
5) Technology:-
Project Cost Benefits
1) Improving Storage Quality 6,000 1%
2) Decreasing Machine Upkeep Cost 15,000 2.5%
3) Increasing Production Capacity 30,000 4%
4) Gaining ISO Certificates 32,000 4%
6) Marketing:-
Cost (per turn) Quality
1) Newspaper 10,000 2%
2) Internet 20,000 4%
3) Television 30,000 6%
3. Important Notes:
The company can produce less than the maximum production capacity.
Maximum production capacity of company is the minimum of the
maximum production capacity of infrastructure and maximum production
capacity of machinery.
Total no of Employees and total no of units of raw materials should be
equal to the no of good produced. i.e. one employee with one unit of raw
material will produce one good.
Better raw materials and better employees lead to better production
quality.
Company has to decide the selling price of goods and quantity to be sold.
Minimum 75 No. of goods should be produced in every turn.
The selling price of goods need to be between Rs. 500/- and Rs. 1,000/-
Amount of goods sold in market are based on the analysis by a leading
portal on customer behavior which depends on the quality of product and
brand value.
When certain amount of production is not sold, it goes into storage. This
amount can be sold in the next turn, but the drawback for the company is
that they have to pay for the storage maintenance.
Marketing and technology will help in improving the business.
Improving storage capacity reduces the loss of goods due to storage.
Reducing the machinery upkeep reduces the upkeep cost incurred on the
company.
Marketing and technology investment lasts for one turn.
At the start of the game every company will have 10,000 shares priced at
Rs. 120 and each company will be given liquid cash of Rs. 360,000.
Share price changes according to the company performance, net assets and
brand value.
Shares can be liquidated to generate capital. The shares liquidated will be
open in the market from which other companies can buy the share.
Company who is selling its own or other company’s shares, will get the
appropriate returns at the end of next turn.
If the stock holding in a company reduces more than 50% the company, it
will be declared as bankrupt.
4. Technology upgrade explanation :
1. Improve Storage Capacity - Reduces expenditure on maintenance of
stored goods from 2% to 1%
2. Decreasing Machine Upkeep Cost - Reduces upkeep cost from 5% to
2.5%
3. Increasing Production Capacity – Increases no. of goods sold in the
market
4. Gaining ISO Certificates – Increases demand of the good in market
because of ISO certification
You have the money, you have the resources ……
Now show us what you got