News Release No. 19/13
SHELL LiveWIRE MoneyPoLITE
Business Strategy Game Promotes Spirit of Enterprise among
Youth
ITE, in collaboration with Shell LiveWIRE, will be hosting the annual MoneyPoLITE
Challenge on Fri 19 July 2013 at ITE College West. This is an engaging platform where
students can experience hands-on learning of revenue-cost-profit relationships and the
factors that drive profitability. It also enhances the students’ understanding of the strategies
needed for competing successfully in a competitive business environment.
37 teams from secondary schools will showcase their entrepreneurial skills and knowledge
while vying for the top award.
MoneyPoLITE is an interactive business game that aims to promote the spirit of enterprise in
young people so that they can learn in a fun and experiential way. It was developed seven
years ago by Mr George Balongay, a Lecturer at ITE College West’s School of Business &
Services. Each game component simulates the real business environment. Participants are
required to analyse the impact each of their business decisions has on the profitability of the
business. The game can be configured to cater to the participants’ differing abilities.
Secondary school students, ITE students and adult learners have all benefited from the
challenge. It is also able to create new scenarios to reflect the current economic situations
in the world.
Members of the media are kindly invited to cover the MoneyPoLITE Games Finals and learn
more about this fun and interactive learning tool. Details of the event are as follows:
Date :
Time :
Venue :
19 July 2013
1400hrs
ITE College West
1 Choa Chu Kang Grove
School of Business & Services
Delight Theatrette, Block 4 , Level 3
Singapore 688236
Programme and Location Map are attached at Annexes A and B respectively.
About Shell LiveWire
Shell LiveWIRE is an international programme for young people seeking to start their own
enterprise. It aims to encourage and give young people access to resources and advice on
starting a business as a career option, provide a mentoring programme for young
entrepreneurs in the early stages of their business start-up and assist young entrepreneurs
to develop the necessary skills to manage a new business. The programme was launched in
Singapore in 2000 in partnership with the Institute of Technical Studies (ITE), the ITE Alumni
Association, the Chinese Newspaper Division of Singapore Press Holdings (SPH) and Shell
Companies in Singapore.
Factsheet on MoneyPoLITE Business Strategy Game
The MoneyPoLITE Business Strategy Game is an in-house developed interactive gaming
platform to promote enterprise education. This creates authentic learning to the gamers and
engages them as virtual entrepreneurs. Gamers would learn the various aspects of setting
up a business and the importance of making valuable decisions under different economic
situations. They would also develop business strategies to grow their virtual businesses. At
the end of the game session, gamers would understand the revenue-cost-profit relationships
and factors that drive profitability.
The MoneyPoLITE Business Strategy Game uses gaming as the pedagogy to educate the
youth in entrepreneurship. The development of each game component is focused on
simulating the real business environment and the impact of each of the business decision
that is being made to the profitability of the business. The innovative feature of this
development is its capability to be configured to cater to various levels of participants. There
are also options to create new scenarios to reflect the current global economic situations
and relevant knowledge-based questions.
The MoneyPoLITE Business Strategy Game is an on-line game. It is done in PHP and
MySQL. These components have to be configured in a web server. Web browser (preferably
Internet Explorer) and multimedia software (i.e. Flash player) have to be installed in the
participant’s computer.
Released on: 18 Jul 2013
Annex A
MoneyPoLITE Business Strategy Game
Friday, 19 July 2013
ITE College West
PROGRAMME
Session 1
1400hrs
Registration
(Delight Theatrette, Blk 3 Level 4)
1430hrs
Competition
(IT Lab 4214, Blk 4 Level 2)
1600hrs
Tea Break
1615hrs
Entrepreneurship Talk by Mr Mohamad Imran, co-founder of
StreetSmartUniversity & member of AIESEC (Singapore)
(Delight Theatrette, Blk 3 Level 4)
1645hrs
Prize Presentation
1700hrs
End of Programme
Session 2
1400hrs
Registration
(Delight Theatrette, Blk 3 Level 4)
1430hrs
Entrepreneurship Talk by Mr Mohamad Imran, co-founder of
StreetSmartUniversity & member of AIESEC (Singapore)
1500hrs
Tea Break
1515hrs
Competition
(IT Lab 4215, Blk 4 Level 2)
1645hrs
Prize Presentation
(Delight Theatrette, Blk 3 Level 4)
1700hrs
End of Programme
Annex B
LOCATION MAP
ITE College West
1 Choa Chu Kang Grove
Singapore 688236