Home > > Home

ForumsHome

This Question is Possibly Answered

1 "correct" answer available (5 pts) 3 "helpful" answers available (4 pts)
Post a new topic
4 Replies Last post: Nov 8, 2008 9:51 PM by blitzlocal

NFIB Introduces Small Business Simulation: Johnny Money Onli

Sep 16, 2008 1:46 PM

Click to view smallstart's profile Start-up smallstart 1 posts since
Sep 16, 2008
I saw this cool article about how young people can start their own business. The article use gaming to entice young people into business.Here is the article:

CONTACT: Melissa Sharp, 202-314 -2068

NFIB Young Entrepreneur Foundation's small business
simulation game shows high school students what it's like to run their own
small business.

WASHINGTON, D.C. -- Just in time for the 2008-2009 school
year, the National Federation of Independent Business Young Entrepreneur
Foundation, in conjunction with the Societal Wealth Program of the Wharton
School at the University of Pennsylvania, has created a new small business
computer game designed to show high school students what it's like to run their
own small business.

Johnny Money Online Game (JMOG) is an interactive small
business simulation designed to enhance high school students' exploration of
entrepreneurship. The online game is presented through flash-based Internet
technology and allows students to learn about the day-to-day functions of
entrepreneurs and small business owners.

NFIB's Young Entrepreneurship Foundation has partnered with
the Societal Wealth Program of Wharton Entrepreneurial Programs to develop the
game's academic standards. Prof. Ian C. MacMillan, co-director of the Societal
Wealth Program, lead a team of graduate and undergraduate students in working
with YEF to make the entrepreneurship simulation a resourceful tool for
teachers to use in the classroom to show students what it's like to run their
own small business.

"In order to teach high school students to think like
entrepreneurs, teachers can use innovative tools like Johnny Money to inspire
students to take charge of their lives by building their own careers,"
said MacMillan. "The Johnny Money simulation game introduces students to
business concepts in a virtual setting that teaches students to figure out how
their decisions impact their business' bottom line. The game allows any student
from any high school in every demographic category to aspire to start a
business, design it, and learn from multiple failures and successes of running
their own virtual small business."

"We are very excited to be working with Wharton in
creating and launching Johnny Money," said Hank Kopcial, executive
director of NFIB's Young Entrepreneur Foundation. "Wharton is recognized
nationwide as the leader in business education. Their expertise has helped make
the game user friendly for students and teachers while ensuring that it is
educationally sound. NFIB's Young Entrepreneur Foundation and Wharton have
created Johnny Money to be a fun and competitive virtual game that students can
play to learn key concepts about running a small business. We can't wait for
teachers to start using our game as a tool to teach students about
entrepreneurship."

Teachers, students and anyone interested in testing their
skills at running a small business can visit www.johnnymoney.com to start
playing the game. Click on the Play Now button for the game to start.

The Buddy Group, a digital creative agency headquartered in
Irvine, California, has been working with YEF to develop the game. Visa is
Co-Presenting Sponsor of the NFIB Entrepreneur-in-the-Classroom programs which
includes Johnny Money Online Game, Entrepreneur-in-the-Classroom Curriculum and
Take Time to Teach -- mentoring program. All programs are FREE resources
available online for teachers to teach students about entrepreneurship.

About the Wharton School and Wharton Entrepreneurial
Programs

In 1973, The Wharton School became the first school to
develop a fully integrated curriculum of entrepreneurial studies. Today
Wharton, through Wharton Entrepreneurial Programs, supports and seeds
innovation and entrepreneurship globally through teaching, research and
outreach to a range of organizations through its many programs, initiatives and
research centers. At the same time, Wharton students and alumni are helping to
build entrepreneurial enterprises around the world and impacting virtually
every industry.

The Wharton School of the University of Pennsylvania --
founded in 1881 as the first collegiate business school -- is recognized
globally for intellectual leadership and ongoing innovation across every major
discipline of business education. The most comprehensive source of business
knowledge in the world, Wharton bridges research and practice through its broad
engagement with the global business community. The school has more than 4,600
undergraduate, MBA, executive MBA, and doctoral students; more than 8,000
annual participants in executive education programs; and an alumni network of
more than 82,000 graduates.

For more information on the Wharton Business Plan
Competition, go to: http://bpc.wharton.upenn.edu.

For more information about NFIB, go to http://www.nfib.com/object/IO_38451

Report as inappropriate
Click to view caffeinated's profile Mogul caffeinated 175 posts since
Apr 29, 2008
1. Re: NFIB Introduces Small Business Simulation: Johnny Money Onli Sep 17, 2008 11:07 AM

Cool simulation. Reminds me of that lemonade stand game I use to play as a kid. Anyone remember it? You had to purchase lemons and sugar, advertise and take into account the weather forecast? Kind of taught you the super-basics of running a business.
Click to view Lighthouse24's profile Mogul Lighthouse24 2,396 posts since
Oct 10, 2007
2. Re: NFIB Introduces Small Business Simulation: Johnny Money Onli Sep 17, 2008 12:15 PM
Thanks for the info. Maybe this will get some of the kids off the internet poker sites (LOL)!
Click to view Tori's profile Host Tori 79 posts since
Aug 15, 2008
3. Re: NFIB Introduces Small Business Simulation: Johnny Money Onli Sep 17, 2008 3:07 PM
in response to: caffeinated

Basic yes, but could be a very powerful tool in understanding what you may encounter when running your own business


Tori

Click to view blitzlocal's profile Mogul blitzlocal 92 posts since
Mar 20, 2008
4. Re: NFIB Introduces Small Business Simulation: Johnny Money Onli Nov 8, 2008 9:51 PM
Great idea! You know, we employ a few students in our business, too--
it's a great opportunity to learn in real-life how businesses market online and generate business.
We're not ready to roll-out nationwide, as the program is still difficult for most high school students.
But it's exciting to see what is possible nonethless!

Dennis
Analyst, BlitzLocal.com
internet advertising for local business