In today’s competitive job market, university graduates face the challenge of securing employment that not only matches their qualifications but also offers growth and satisfaction.
While traditional employment remains a viable path, there is a compelling argument for graduates to become employers rather than employees.
This approach leads to greater economic independence, innovation and societal impact. Monopoly, in a business context, refers to dominance of a single entity in a particular market, allowing it to control prices and exclude competitors.
For university graduates, monopoly doesn’t mean creating unfair markets but rather developing unique, innovative products or services that set them apart from competitors. Graduates can leverage their academic knowledge and fresh perspectives to introduce groundbreaking ideas and solutions.
By focussing on niche markets or unmet needs, they can establish a strong market presence. Universities equip students with a diverse set of skills. Graduates should continue to hone these skills and acquire new ones relevant to their industry. This continuous learning can help them stay ahead of the competition.
Building a robust network of mentors, peers and industry professionals can provide valuable insights and opportunities. Collaboration with other businesses can also lead to strategic partnerships that enhance market position.
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By starting own businesses, graduates can achieve financial independence and create wealth. This not only benefits them personally but also contributes to the economy by generating jobs and fostering innovations.
As employers, graduates can create job opportunities for others, hence addressing unemployment and underemployment. This can have a positive ripple effect on community and economy.
Running a business requires a diverse skill set and offers continuous learning opportunities. Graduates can develop leadership, management and entrepreneurial skills that are invaluable in any career. Entrepreneurs have the power to drive social change by addressing societal issues through their business ventures.
While monopoly is just a game, the lessons it imparts are far from trivial. For university students aspiring to become employers rather than employees, practising monopoly can be fun and an educational way to develop essential entrepreneurial skills.
By Doricah Malachi
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