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Title: Everything I Know About Business I Learned from Monopoly: Successful Executives Reveal Strategic Lessons from the World's Greatest Board Game by Alan Axelrod, Alan Axelord ISBN: 0-7624-1327-1 Publisher: Running Press Pub. Date: September, 2002 Format: Hardcover Volumes: 1 List Price(USD): $24.95 |
Average Customer Rating: 2.8 (5 reviews)
Rating: 3
Summary: Monopoly as a Business Simulation
Comment: In the "real world" it is quite difficult to accurately assess all of the conditions that lead to a venture's success or failure. There are myriad reasons why the information needed to do so is simply not available which range from disclosure restrictions for a continuing business to fear of suit by the principals of a failed business. As such, it is, as a rule, quite difficult to completely analyze the success or failure of a real enterprise - though many have tried.
In Everything I Know About Business I Learned From Monopoly, Axelrod tries to impart business wisdom through a mechanism that can be completely analyzed, the game of Monopoly. As such, he provides insightful commentary on how the game and the "real world" are both similar and different. He illustrates, for example, how in business watching for industry or customer-base changes is similar to watching for the change of game phases in Monopoly, and how both are critical to the decisions that you make to ensure continued prosperity.
Over all, the book is very specific on Monopoly-playing suggestions (mentioning the probabilities attached to rolling dice and landing on properties many times) and somewhat vague on the specifics of applying these principals in business. This is to be expected, though, as the book is clearly about analyzing the game and applying the lessons learned to the business world. Within that context, it does its job quite well.
This book is basically a simulation and, like any simulation, its value is determined by the reader's ability to apply its lessons to reality. At the very least, you will get to read a variety of interesting quotations by industry-leaders; for the more attentive and imaginative readers, the game of Monopoly will provide a whole new mechanism for testing strategies for business in general.
Rating: 2
Summary: Book Lacked Focus
Comment: This book lacked a lot of focus in what it wanted to accomplish. Was it trying to give tips on how to win at Monopoly or trying to show how the game teaches lessons to be applied to real life? In both cases, it came up lacking. The tips it gave were rather common-sensical, the stories it shared didn't really give any insight into how the game applies to business, and to top it off, it didn't not give accurate rules to the game. For example, the book said that you couldn't collect rent while in jail, so you should always try to stay out of jail and in the game, just like in life. That's a nice maxim to live by, but you CAN collect rent while in jail and every good business person knows that there are times to be aggressive and times to be conservative. Overall, the book was very disappointing and I hope only to spare others from making the same mistake of wasting time reading it.
Rating: 4
Summary: "Kill two birds with one stone"
Comment: Half the books seems to be devoted on how to win at the board game, and the other half on how the game applies to real life. If you play the board game you will probably like that it kills two birds with one stone;" If not, you may be destracted occasionally. For example, one page show the odds of someone landing on a certain property.Other than that, the book was amusing, and contained enough practical advice that makes it worth the purchase price.
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Title: The Monopoly Companion: The Player's Guide: The Game from A to Z, Winning Tips, Trivia by Philip Orbanes, Mr Monopoly ISBN: 1580621759 Publisher: Adams Media Corporation Pub. Date: September, 1999 List Price(USD): $7.95 |
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Title: Patton on Leadership: Strategic Lessons for Corporate Warfare by Alan Axelrod, George, III Steinbrenner, William A. Cohen, George Steinbrenner ISBN: 0735200912 Publisher: Prentice Hall Press Pub. Date: 11 November, 1999 List Price(USD): $23.00 |
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Title: The Book of Entrepreneurs' Wisdom: Classic Writings by Legendary Entrepreneurs by Peter Krass ISBN: 0471345091 Publisher: John Wiley & Sons Pub. Date: 13 September, 1999 List Price(USD): $29.95 |
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Title: Forbes® Greatest Business Stories of All Time by Forbes Magazine Staff, Daniel Gross ISBN: 0471196533 Publisher: John Wiley & Sons Pub. Date: 07 August, 1997 List Price(USD): $16.95 |
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Title: Trump: The Art of the Deal by Donald Trump, Tony Schwartz, Trump J. ISBN: 0517079372 Publisher: Random House Pub. Date: July, 1993 List Price(USD): $3.99 |
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