Family Life 1.1 - beneficial for young people

The Family Life game teaches the participants about making the decisions in life that affect their work, health and family life.  Read the Guide on how to play the game. 120 prizes will be given to the players who achieve the top 5 positions in each of 24 games daily.

Family Life game: 

http://projects.easyapps.sg/fl/

Guide: 

http://projects.easyapps.sg/fl/Guide.aspx

Cartoons

http://tankinlian.com/admin/file.aspx?id=389

Prize

I am giving away the book, "Tangram" to a player who has achieved any of the top 5 positions in any game of Family Life. A game is created each hour, so you have the chance to win any of the 120 books in a day.  Each player is entitled to win the prize only once. To claim your prize, you have to take a screen shot of the final year, showing the results of your avatar and its place within the top 5 positions for the year. Include your name, address and a brief comment about the game. This is to be sent to kinlian@gmail.com. An example of the screen shot is found here.  In this example, the avatar #1 (current player) has achieved the 3rd position and is entitled to a prize.   This prize will be awarded until further notice.

Feedback on Business Simulation Game

Click here for more details of the Business Simulation Game (BEST)

AA: it's a fun and interesting game, and we can learn about business planning from playing it.

HMW: I noticed there are a few parameters, namely unit price, capacity, expenditure on marketing. I tried a premium pricing strategy, i.e. high price for high margin, and correspondingly putting a higher marketing expenditure and reducing capacity. The performance was dismal. Incurred big losses.

JA: Best Global is not only fun and interactive, it also allow us to develop good practical business sense. Some strategies, which I personally found quite useful.

a. Set the right price that generates sufficient margin to cover our overheads + some modest profit. Excessive price undercutting may gain us market share but at the expense of our overall profitability.

b. Over investment in infrastructure and over recruitment (capacity) is expensive. Manage our expense well.

c. Understand the market. If the market is not doing so well (i.e. in the red), we may wish to consider reducing our market share by increasing our price and reducing our capacity.

AG: Good and very user friendly.The guide is very informative and useful.  Overall the interface is much better than what we had previously. I also see new elements like capacity, market share and profitability which makes it more interesting.

Read the Player Guide here:

Business simulation game (BEST)

The BEST simulation game gives you the practice to submit a business plan on the pricing and market of four products in a competitive environment. The game is played over 7 days and allows you to submit your business plan for one year daily. The actual time required to be spent is 15 to 30 minutes. You can read more about how to play this game by downloading this Player Guide.

The game can be played for various types of business, e.g. insurance, banking, hotel, airline, manufacturing, retail.

If you are interested to play the game, give your particulars here. I will create a game when there is sufficient players for the industry.

If you have played before, and wish to create a game for several of our friends, send an e-mail to kinlian@gmail.com and give the e-mail address of all the players. Indicate the type of industry that you wish to compete in.

Update:
One insurance company is actively using the game to train its head office and branch managers.

A participant who register through my blog likes the game and wishes to introduce his friends to play the game. I will create a game for his group.
My friend, who is studying in university in UK is organising a game for his classmates.

Prize for Family Life

I am giving away the book, "Practical Guide on Financial Planning" ($12) to any player who has achieved any of the top 5 positions in any game of Family Life. A game is created each hour, so you have the chance to win any of the 120 books in a day.

Each player is entitled to win the prize only once. To claim your prize, you have to take a screen shot of the final year, showing the results of your avatar and its place within the top 5 positions for the year. This is to be sent to kinlian@gmail.com. An example of the screen shot is found here.  In this example, the avatar #1 (current player) has achieved the 3rd position and is entitled to a prize.

This prize will be awarded until further notice.

Video guide - Business Simulation Game

This video shows you how to play the business simulation game. You can learn the strategy to decide on the price, capacity and advertising to achieve the highest profit. You have to compete with other players.

Practice on this platform a few times and learn how to get the best profit.

I will organize a competion in a few days time. The player with the highest profit will win a prize.

https://www.youtube.com/watch?v=qyRgmUdf3gY&feature=youtu.be

Improved version of Pro-Investor

An improved version of Pro-Investor has been uploaded. The summary and stocks are sorted in descending sequence based on the latest year's yield. The investor can identify the categories (i.e. country, industry sector and market segment) that performed best during the past year. It is likely that these categories will continue to perform better than average during the following year. The sorted figures make it easier for the investor to pick the stocks based on this strategy.

Practice makes perfect. Try this simulation game many times and learn how the prices are affected by the trends in the country, industry sector and market segment. This is suitable for students learning fund management to practice their stock picking skills, and get a feel of the practical environment.

Although this simulation game is based on its internal model, it still give the challenge to the player to identify the strategy to pick the right stocks. The strategy will have to be changed in the real world environment, but the skill remains the same. Try this simulation now. Read the Guide. Register an account and Play.

Tan Kin Lian

iPhone Apps

I have updated the apps in iPhone for Tangram and Shape Quiz to show a small image (on request) to guide the player in creating the shapes. This will make the app more interesting to the newbie. It is colorful, fun and trains the imagination. The apps can be downloaded from App Store by searching for "Tan Kin Lian".