The CEO Game

This article defines and discusses the meaning of monopoly and tries to explain how one company can control all of the market. It will then discuss whether a monopoly is good or bad and for who?

So, what the hell is a monopoly? Well monopoly is a generic name for a company or individual that controls most or all of the supply of a product or services. This means that it can control the price of a product, and if a company can control the price of the product then it can easily maximize its revenue. In other words, the monopoly takes advantage of its special ability of setting the price and by doing so the customers and other small competitors are hurt by this.

More Than Just a Game

So how can a company reach the status of monopoly? Well, some companies can guard their product or service through things such as a patents or trademarks. These are very reliable tools to guard a unique product. If you have a product with a patent you automatically become a monopoly because you are the only one that can sell or manufacture it, but it’s very hard to create a product that have sufficient demand in the market and yet has a unique quality such as innovation in its manufacturing process or in the makeup of the product itself. A company can also get big enough and become a leading force in the market. It can also be that the market is too small and the first company takes over all the market. Sometimes a company can be so good in the manufacturing process or have such a uniquely professional work force that it can eliminate competition, but that’s highly unlikely. In some rare cases a country can give a company monopoly rights.

Sometimes giving patent rights can do much harm to the public and even raise ethical questions. For example, every year the pharmaceuticals industry invents lots of new medicine under patents and that’s way those companies sell them in such high prices. This medicine can be a life-saving yet the poor can’t get it because it is too expensive. But if the product didn’t have the protection of a patent and instead was a commodity in the free market, many more lives would be saved.

In conclusion, a monopoly is bad for consumers and very good for the monopoly. Sometimes monopoly status can lead to unfair consequences. In one side of the market economy there is perfect competition, which means that the consumers enjoy the lowest prices possible. On the other hand, there is the monopoly, which means that the one company sets the price and gains maximum revenue at the expense of the costumers.

While playing the CEO game, you will get a unique chance to compete against leading monopolies and even trying your own monopoly.

Omri.

The CEO Game.

You might want to ask: why use a game?

Can’t you just teach people basic management and economic rules? Well, the answer is: Of course not!

Why not?

Because human nature is such that makes us interested in something only when we see it as a challenge. Some of the most fascinating novels, the most brilliant movies, and the best guide books, are not appreciated as they should, simply because they do not interact with the reader or viewer. The CEO Game offers something new: an Interactive and serious, yet fun, challenging game that is being updated non-stop.

Sounds nice, so why not play Monopoly?

Well, first of all, you should play Monopoly; fun board games may contribute to your financial knowledge. But this can’t be compared to an online serious game such as the CEO Game.

What is so different about them?

Firstly, you can play the CEO Game, whenever you would like, alone, with friends, in the morning, at midnight, anytime…

The second reason is that nowadays, using the new technologies we discover and develop, we can reach a new level of teaching that has never been seen before, simulating the market, forcing players to consider every move they make, making them face the consequences of their actions, and all of that in a neutral, peaceful world where the threat of losing their job is not over their heads.

The third, and maybe the most important reason, is that in the CEO Game one can study not merely from the interaction with the computer but as well as from observing the actions of fellow participants.

Do I recommend playing the CEO game?

Yes, indeed. The 21^st century will sooner or later dictate its own new and modern method of teaching. One must not fear it, but accept it with the understandingthat these serious games have a new capability of making people, wherever internet access is available, enjoy a modern method of studying some of the lessons that a few decades ago one would probably dismiss as a lesson “you can only learn in the real life”. Well Not anymore.

The CEO Game - Serious Business Game

Alon Cohen.

The CEO Game.