![]() ![]() Philip has published three books about the game, 'MONOPOLY, Money, and You', and 'The Monopoly Companion'. He continues to serve as a historical consultant for Hasbro Games and as the Chief Judge for the MONOPOLY World Championships, run by Hasbro every 4-6 years, for over 45 years. In 1995, Phil became co-founder and president of specialty board and card game company, Winning Moves. Since 2008, his third die has been added to many editions and has cut average game lengths to 50 minutes. He was the Senior VP of Research and Development for Hasbro (formerly Parker Brothers), the owners of the world-famous strategy board game, and responsible for the single biggest change in the history of the game, the speed die. Philip Orbanes is the master of all things Monopoliana and is the closest to a 'Mr Monopoly' as you can get. ĭo you know these three secrets to a winning business strategy? Want more? Get our newsletter delivered straight to your inbox! Follow Kochie’s Business Builders on Facebook, Twitter, Instagram, and LinkedIn. You can catch Philip Orbanes as a keynote speaker at the global Strategy Fest on June 21. Most of the better-than-average players have a plan to ‘sometimes’ win, because in business, as with Monopoly, there’s always an element of luck. ![]() So, while it’s vital to have a strategy to reach your goal, you also need to be adept and flexible to deal with obstacles that block progress. Bad behaviour and leadership that offers no benefit to the big picture strategy will grind the game to a halt and send a business bankrupt. In life, and in the game, a strategy requires negotiation skills and good relations – even with your competition. Leveraging your intuition and assessment skills can decrease the time it takes to make important decisions in life and business. In Monopoly, a few wayward rolls of the dice – and the Chance and Community Chest curveballs – can teach you that sometimes the universe refuses to play your way, and not all opportunities are good ones. Best-laid plans get interrupted by distractions that can’t be ignored. Monopoly trains your brain to recognise opportunity and make fast-paced decisions during competition – which is exactly what business leaders do. ![]() If there’s no potential, don’t waste your money minimise your risk. You need to invest in your current assets, and with the rhythm kicking in while watching your competition, you’ll identify where that investment will be better placed. Diversify to ensure you have a wide range of assets, so when something’s underperforming, your other assets are doing the work. You can’t win Monopoly by owning just luxury properties. It’s about the investments made along the way, maintenance and improvement costs, and diversifying your assets. They know that just collecting $200 every time they pass ‘Go’ to amass great cash reserves alone is not going to make them a winner. Unsurprisingly, most of the best players are business people. Letting the competition play out around you, while you collect on your investments with no major outgoings, can afford the opportunity to re-strategise. Speed to market is critical (early in the game, winners pay to get out), then as your journey unfolds, a slow and steady rhythm kicks in, and being on the sidelines can offer security. Being sidelined offers a two-faced predicament: you’ll need to strategise when to engage, or not. Going full-throttle for the duration won’t work. Time for pause is important for strategy. The words ‘Go to Jail’ have instilled frustration into Monopoly players for over 80 years, but it’s not always a bad thing. The dice dictate the speed to which you get around the Monopoly board after you leave ‘Go’, just as time ticks by in business, and this is where key strategies help you win or lose. The synergy is in what individuals have to offer to get there. In gameplay, as in business, when there is structure, responsibility and objectives, people have permission for their imagination, creativity and skills to move them toward the objective. ![]() The success of Monopoly lies in the rules, simple yet ambiguous enough to allow for individuals to play their game. I’m excited that I have the opportunity to present these strategies and more during the Cascade Strategy Fest. There’s a lot to be learnt from the strategies you adopt to win at Monopoly that translate to the business world. Your strategy enables you to master distractions, identify opportunities, and even ignore what’s irrelevant. Without an end goal, you just flounder aimlessly. Lewis Carroll said, “If you don’t know where you are going, any road will get you there”. ![]()
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