My experience has been that a few students do mind being required to put
their own money on the line, even if it's no more than $1, so if you are
going to use real money, it should come from someone other than the
students. Either way, handling real money is a hassle. Moreover, you
could be charged with aiding and abetting the breaking state law on
gambling, depending on how the ventures are run.
So, I now use play money, and have the students create ventures as a
game. A demo of my game is available at:
http://pages.towson.edu/precha/geonetd5.exe. Select Run/Open at all
security warnings. Do not save the program, as I upgrade the server
regularly. A saved program may not work correctly after an upgrade.
When the program unzips and launches itself, an Access-to-GEO dialog box
will appear. Select the Register button, and register yourself using a
fictitious name. When you OK the registration, the program's main frame
will appear. You can do anything you like at that point as it's a demo.
When the demo exits, it cleans up after itself, leaving nothing on the
computer. You must have Microsoft's .Net Framework installed for the
demo to work. If you don't have it installed, you can download it free
(I suggest Version 2) from Microsoft's Web site:
http://www.msdn.com.
I don't market the simulation, so there's no cost to you or to your
students. I do ask interested parties to send me a postal letter of
request on institutional letterhead giving me information about intended
usage: class size, course name, course level, number of students, start
dates, stop date, and institutional Web site. Depending on
circumstances, more than one party may be joined in a simulation
experience.
Best,
Precha
--
Precha Thavikulwat, Ph.D.
Professor of Management
+---------------------------------------+
| Department of Management |
| Towson University |
| 8000 York Road |
| Towson, MD 21252-0001 |
| U.S.A. |
| t. 410-704-3230 |
| f. 410-704-3236 |
|
pthavikulwat@towson.edu |
| Skype: pthavikulwat |
| AIM: prechathav |
|
http://pages.towson.edu/precha |
+---------------------------------------+
-----Original Message-----
From: Entrepreneurship Division Listserv
[mailto:
ENTREP@AOMLISTS.pace.edu] On Behalf Of Hsieh, Chihmao
Sent: Wednesday, February 20, 2008 7:41 PM
To:
ENTREP@AOMLISTS.pace.edu
Subject: [ENTREP] Teaching a class where actual student ventures are
created: how contracting and tax issues managed?
Dear all,
I currently teach a required capstone course at Missouri S&T (formerly
University of Missouri-Rolla), where student teams obtain funding,
create ventures and generate revenue. In the past the ventures have
been small, where students haven't minded putting their names on
contracts with vendors. However, the ventures are starting to grow in
size and complexity.
I'm wondering how other programs are handling all the types of
contracting (e.g. with suppliers) and tax issues (e.g. team expenses and
profit) that arise after teams have been funded. I'm happy to compile
all responses, and send the compilation to respondents.
Cheers,
-Chihmao Hsieh
-----------------------------
Chihmao Hsieh
Assistant Professor
107H Fulton Hall
Department of Business Administration
Missouri University of Science & Technology Rolla, MO 65401
http://www.mst.edu/~hsiehc
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Ventures HO!
**************************************
This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management.
Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list.
You can manage your subscription options, including joining or leaving the list here:
http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1
If you have questions or need help, please contact Dr. John Bunch
jbunch@benedictine.edu.
Ventures HO!