So, multiply your sales volume for the wholesale segment for each region by 1.2. Emerging on top of this simulation can be quite a challenge. Any advice? To be an Industry Champion, you just have to beat your classmates but to be a Business Strategy Game Grand Champion you have to BEAT every single Industry Champion thats won the Business Strategy Game. Do this for all four regions. I would still go for the 50 models and make sure to buy or build capacity so you have enough for your private label. If not, I dont see the need to purchase equipment in order to make more shoes until the demand begins to encroach upon my shoe making capacity. Instantly Jump Your Business Strategy Game Score 10 Points for FREE! The demand depends on your retails, price and quality. I never really watched my EPS or credit rating (ofc credit rating should be a B at least). A celebrity endorsing your product offers a big boost to product awareness, helps a brand penetrate new regions thus acquiring new market shares, and can drive up sales. In the upper left box, you have available sources of additional cash. Its not too bad, no worries. You want to setEthics Training / Enforcement to All Employees and Workforce Diversity Program to Yes. Waiting to buy them later will lead to an increase in their prices. You basically determine and run the market. Business simulation games allow you to experience certain aspects of running a business in a completely virtual, consequence-free environment. The Business Strategy Game 2023 Edition Competing in a Global Marketplace New Students (click here) New Instructors (click here) Login for Returning Users Forgot Password ? If you found your highest value for the best net profit, move on to the next value and do the same. Increase S/Q ratings? So I run into problem again! When coming up with a CSR initiative, ensure that the budget can be sustained over time without burdening the company. Aim for a higher credit rating of B+ or above. What is this Currency Made Easy! Again, try out each percentage for each region and set it to the percentage that yields the highest profits. From experience Id say tho that it is already too late to adjust to my strategy presented. You do not want that to happen, especially because your internet sales only account for a small percentage of your entire sales. Yes, I would only add capacity onto existing plants and not build new plants. Setting up a successful business requires time, money, a lot of hard work . so idk what i may have done LOL, Hello, may I ask my is not that great at the moment and we are onto year 13 which is like 2nd year maybe of the game and i try my best to like follow your tips though not as fully cause I still dont understand much especially the calculation one a bit confusing cause I am bad at that, so far I have 7 s/q rating though I am unsure should I do lower models or not cause I am afraid it might not be enough for profit and all because most I see at average of rating and high models , I was wondering what can I do to make it better? The profits of controlling the industry will help you win the business strategy game. In the Private-Label Production field, use all your remaining available capacity, even overtime. Hello. Thank you so much! To boost earnings per share (E.P.S) you can use the cash at hand to retire and repurchase any outstanding shares. Again, trying out different combinations and optimizing net profits is key for these values. You need your capacity and it is never a good idea to sell your existing capacity. Other teams in your industry wont stand a chance when you unleash the tactics we teach. These two products combine with empower you to win the BSG with very little effort.These two guides are PACKED with tons of Business Strategy Game tips, hints, strategies, advice, and guidance.There is no other substitute on the internet today that comes close to competing with these two products. Like I said before, you should be building capacity, yes. Thank you so much for your reply! No worries, it will be easier after the first few years. Im an excel and math geek and started to break the game down and understand it on a deep level. But I found ZERO helpful information online. I will just adjust it first and see what happens, thanks a lot:). Make year 11 EASY on yourself and learn how the game is played. It took me years to learn this and it would take you years as well but,I know you dont have years. This means, without increasing your superior material or enhanced styling / features, you gain 1 star. You need the capacity for the private label market. However, if done right, it is worth the time as it will yield the maximum profit possible and success in your industry. Chances are it would be a piece of cake right? Hi Lee, The Business Strategy Game is a PC-based exercise, modeled to reflect the real-world character of the globally competitive athletic footwear industry and structured so that you run a company in head-to-head competition against companies run by other class members. So when following the steps described above, you will have positive ending cash really soon again. BSGTips.com is a proven guide (written by a Business Strategy Game Grand Champion) on how to win, not just how to play. $50.66 but $50.67 gives you higher profits, go for the higher prices. Thats one of the things you should never do because you can always use capacity. If for whatever reason you arent satisfied with the guide, return it anytime for a full refund. You will also receive a copy of Currency Made Simple. You will need those numbers later on. Thank you so much for the good recommendations. However, if you want to do it more precisely, note down each industrys percentage change over the years and use this number instead of the +2%. From this highest whole dollar amount, I plug in every possible value around it and find the price that yields the highest net profit. If it is 0%, that is fine as well, do not worry about it. That being said, when you go with the strategy explained in my post, you will have maximized profits. Look over the shoulder of a Business Strategy Game Grand Champion and see how he pulled off his overwhelming victory. Which is better, cost leadership, integration, or differentiation? I like to have around $8-10 million ending cash available after all my decisions are made. Advantage of this is, that you dont have to pay too much attention to your competitors. Try and set it to Yes. I have also included a Special 30 minuteAudio Companion for the Magic Numbers that is great for Year 11 starters! That its always wise to start out on the right foot rather than try to pull yourself out of a financial nosedive. Do not worry about the Plant Capacity / Upgrades page. Ideally, you can cut your employees wages and will increase profit. Order now. It typically keeps increasing until a certain price point and then starts to drop. The decision is due tonight I am so nervous but the performance score so far looks good. If this scares you, it should. For only $35, get instant access to the Business Strategy Game Guide. The second part is the free site resources. construction cost to be financed with debt. Important: Your Sales volume, not the production volume that includes the rejected pairs! With our strategy, you might want to think about getting Option A as well. Those that havent played the BSG Online yet and are researching online for every advantage they can find. Copyright 2018 BGSTips.com | All rights reserved. Does it hurt any other factors? . Although the big news for 2020 has obviously turned out to be the effects of the COVID19 coronavirus pandemic outbreak, many business students still have to struggle with the difficulty of playing the Business Strategy Game to get a good grade to graduate. Ship all the other shoes for the Europe-African warehouses and the Asia-Pacific warehouses from the Asian-Pacific plant. Economic Stages Part Three Riding the Recession, Glo-Bus Quiz 1 and Glo-Bus Quiz 2 Answers, New Glo-Bus Cameras and Drones Simulation, Instant Download,Email Support &Forum Access. Then, just like you did before, plug in different values for your internet price and see, which price yields the highest net profit. Which wholesale are you referring to? I am currently dominating my industry, and closing in on the top 100 list! This is your new, more precise regional wholesale sales volume. In this section, you can upgrade your plants. They have all changed by +2%, just as you plugged it in. Your interest rates depend on your credit rating and the duration of your loan. Paying off these loans in advance has the advantage that you will pay less interest over the coming years. Especially with our high quality and low models strategy, this will be very beneficial and will safe you some money. gorilla on your side. And you said I should only add capacity onto existing ones instead of building a new one in LA right? Paying dividends will increase your stock price and your ROE. I have encountered two successful strategies so far: medium-quality shoes (S/Q rating of 5-6 stars) paired with high number of models (250-350 models) and high-quality shoes (S/Q rating of 8-10 stars) paired with low number of models (50 models). After you have found the right price, click the Save Decisions button. Those that are already playing the BSG Online and are going bankrupt and/or are dead last. So for the last year I didnt stick to the rule that the internet price has to be 40% higher than the wholesale price. Well some Industry Champions have such an easy time winning because the people theyre going up against simply didnt care about the BSG. Weve solved EVERYTHING for you. I highly recommend starting below with my free tips guide. In the upper right box, you can spend your excessive cash. I would like to ask you about the Dividends. When starting the BSG, you have two long-term loans; one for 5 years, the other one for 10 years. SAVE TIME & PASS YOUR CLASS Amplify Your BSG Online Score: https://www.bsg-game.com/select-time Derek's "Pass Your Class Guarantee" . Were at the middle of the pack and wanted the best strategy to move up the ranks. Private label will help you dominate your competition. However, you can successfully apply most of the following tips to either strategy. Also, I suggest not decreasing your dividends. Okay! Sometimes thats cutting expenses, sometimes thats increasing expenses (even though it might not make sense at first). By employing the best cost strategy. This is because your competitors are adjusting and trying to find their strategy. It is definitely around 1.2 though and I recommend starting off with this value. I recommend having a pen and piece of paper next to you so you can write down your net profit and compare when plugging in different values. Five years ago, I was sitting in a similar situation as you. The information is these guides is laid out, and displayed, in such a way . update them with tips and food for thought from the paid guide. if you have left over inventory, you should either work on your numbers as I described in my post or put the left-over shoes into private-label. Again, maximizing net profit is all you care about with our strategy determined at the beginning. This has been very useful. The worst thing that could happenis you follow one of these guides to save a few bucks, to implement the strategiesThe Whole World Seesand end up LOSING the Business Strategy Game which may result in a low grade and possibly re-taking the class! No worries, this is logical and you did nothing wrong. Do not sit on it. This is extremely easy and if thats all you want, then grab The Ultimate BSG Solution right now and guarantee your success. I have extra capacity in the LA plant (worst place to ship from to any place outside of LA) which I tried to sell off. Over the course of many years, I have seen a plethora of situations, companies with a BILLION dollars in debt, people making strategic mistakes that willruinthem in the LATE GAME. The guide features my original model that provides explanation on strategic positioning in BSG which was developed specifically to expose competitors strengths weaknesses at a glance. Thank you in advance! Purchasing capacity is 20% cheaper than building new capacity on your own. or A-P plant. Players must make decisions to build brand loyalty by improving . You cannot afford to followsimple techniques and fail! Is there anyway to increase the demand for my shoes in the internet/wholesale markets? This will save you money in the long run and at the same time boost your credit rating positively. The only thing you wont get is Magic Year 11 Secrets Revealed.Dont Wait! Also, I am concerned about the prices strategy; the group who is in the first place has the plan of highest S/Q rating (7) with 200 models and lowest prices. AcquireThe Edgethat separates aGrand Championfrom an Industry Champion. What should I do for year 12 and 13? Those that are already playing the BSG Online and perhaps want an edge over the competition. Let me know if you have any more questions. Thank you, Fin! The celebrity should also be compatible with the product, for instance, a football player would be ideal for a sports shoe endorsement. The best business tip I have received so far is to have a backup plan for all your moves. My team and I are going to the second round of decisions, so I think were still on time to switch towards another area in the market. Since youre only in the second year, I would honestly decrease your models to 50. You need to get confidential,accurate,comprehensive, andreliablyup to dateinformation from a trusted andPROVENBusiness Strategy Game source. Beat the Business Strategy Game. What will I get for my $48? I daily (thank you, Hootsuite, for making it so easy!) After you have calculated the manufacturing volume for each region, add up your N.A. You cannot afford to followsimple techniques and fail! Currently, were selling 150 models. Business Strategy Game - Capitalism Lab. Similar to the branded production, try out the different values to see which combination will give you the lowest Average Production Cost value for your plant and hence, the highest profits. I'm back with this updated video full of helpful tips so you can tackle the. Yes, I would definitely do plant upgrade option C! (Im adjusting for Y13 now). I have placed this manual and an easy-to-use currency spreadsheet on this site for you. Okay. It almost worked TOO WELL. After you have done this for both the N.A. There is a huge difference of learningHow To Winand learning the basics of the game. For only $35, get instant access to the Business Strategy Game Guide. Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. Beating the Business Strategy Game About the Guide. I am having trouble getting my company back into the positive ending cash after taking out a loan. Automated page speed optimizations for fast site performance, Capsim Winning Strategies and Simulation Tips, Leadership and Management Assignment Help. Yeah I will hold on to that for now. You might agree to disagree in the process but each member should always be given a clear avenue to express their thoughts that are based on their research. Magic Year 11 Secrets Revealedgives you exclusive access to a tried, tested and provenlegitimatebase method for stuffing approximately $50,000 Net Profit in your first year. 4. Hi Yvonne. Learn a little more about the theoretical concepts behind the game in our Free MBA course. Helped me get to the second place! My question is what if I decreased the pay dividends to $0.15 from $1.00? It has two components. Then, after a lot thought on the matter, I devised an easy method for taking full advantage of currency fluctuations. Do I need to change another setting on another page for this to remain positive? So, play around and find the best combination for your given S/Q rating that yields the highest net profit. If you happen to end up with a large surplus of shoes the next year, lower your 1.2 multiplier a little bit to 1.18. With this, they raised the global capacity to 30,000 when the potential global demand (including private label) is only 24,218. Furthermore, I spent all my cash on hand for dividends and stock repurchase to increase my ROE and EPS as much as possible. I include tons of free information to give you a leg up on your classmates on my blogroll. So I would recommend you to decrease your models to 50 and remain at 8* for most of the time, if not even for all the remaining game. The BSG tends to underestimate those values by about 20% and hence, you need to correct them for a more precise estimate. What I like about my strategy is that you do not necessarily have to keep an eye on your competitors. Learn tips & tricks, from a BSG Grand Master! Now, decide to which region you want to ship your private-label shoes. After you have done this, play around with the values for Wholesale Price, Advertising Budget, Rebate Offer, and Retailer Support (increase/decrease by 100s only, as everything else makes no sense). Its a lot of trial and error until you find the best possible value and it takes a lot of time at the beginning. With increased competition, prices tend to decrease. This site uses Akismet to reduce spam. When you are deciding whether to upgrade your plant capacity, time is an essential factor. However, some values, such as the Wholesale Price have decreased instead of increased. Everything else like earnings per share (EPS), return on equity (REO), and image rating (IR) will automatically follow. When contracting a celebrity, your advertising efforts in the Sales Forecast section should not be low. For only $35, get instant access to the Business Strategy Game Guide. I know every strategy, secret, and tip you can possibly imagine about the Business Strategy Game, and Im willing to share them with you. As already mentioned, it is important that you ship all your shoes for the North American warehouses and the Latin American warehouses from the North American plant. All you have to do now, is writing down your forecasted Regional Sales Volume for both the Internet Segments and Wholesale Segments in all four regions. You are almost done for the Sales Forecast decision page. I worried that another team would have stumbled onto your blog, but few people Google tips it seems! Otherwise you will not sell any shoe either. Yeah I had that in the first weeks as well. Thanks a lot! We had a bunch of copycats in practice year 12, but nobody has figured our profit-maximizing, low-cost strategy, and now theyre pursuing higher models in the real game. However, if you happen to use overtime at either of the two plants, plan on increasing the plants capacity in this decision round. I took first in the world seven out of ten decision rounds and won the BSI again when my MBA program used the McGraw Hill Business Strategy Game simulation as a learning tool also. I now have another question about capacity. . Two of the most important things to do here are analyzing your competition and optimizing your values. Hence, make sure to plug in every possible value to reach the highest net profit possible. I include tons of free information to give you a leg up on your classmates on my blogroll. In my opinion, I believe the other teams are thinking on exploit the private label. It is not. Order today and you will beprivyto every secret, technique, tip, support, and help I can provide you with thatwill surely secure your SUCCESS and VICTORYas a Business Strategy Game Player. All the while you get lost on what was really importantto do actuallywin. Thank you! When there is a change in any aspect of operations it should be implemented upon approval of all the members. Dave Mar The private-label sector is something you do not want to miss out on, especially with our high quality, low models strategy. However, do not rely on those values. (0 for both stock issues and stock repurchase). In the last section of the Plant Capacity / Upgrades decision page, you can construct a new plant in either of the two regions where you do not have a plant yet or you can build additional capacity to your N.A. You basically do the same thing over and over again, for every decision round. On this page, you will optimize your entries and toggle each value until your reach the maximum profit possible for each entry. The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. My guide follows the rule highest net profit is key to success. And I would not build another plant, rather increase capacity in the plants that you already built. Business strategy games are a type of computer or board game that simulates the decision-making processes involved in running a business. I started with 250 models and S/Q rating of 5. Personally, I would do a higher SQ to start things out while you are building capacity to match the low quality-high model approach. Same with all the other values, like I described in my blog post And then use all your remaining shoes for the private label market. A business strategy game is an exercise that requires critical thinking and problem-solving skills, similar to what an entrepreneur may use while running their daily operations. If you have any questions, suggestions, or comments feel free to comment and I will do my best to help you out. Let me ask you this. 1. While your regional sales volume for the internet segment is a good estimate, the estimates for the wholesale segments are not. My group and I are about to complete year 17 for the game. With our strategy in mind, I would recommend addition capacity to already existing plants rather than constructing a plant in a new region. In addition, your Retail Outlets values should always be the highest number possible that you are allowed to enter. Your Delivery Time should be set to 3 weeks. I am so thankful for your post!!!!!!!!!!!! Hi, thanks for the great strategy! Economic Impact of Hurricane Harvey and Hurricane Irma, Temporary Oil Price Changes Hold Back Consumer Spending. You can ignore the Internet Marketing and Wholesale Marketing pages because they will just reflect your internet and wholesale decisions that you already plugged in on the previous pages. This decision page deals with your plants. Beat the Business Strategy Game. This is why building additional capacity is so important. Now you begin to understand why I earlier said, that if you use overtime for branded production, you should expand your plant capacity for the next year. Id also like to point out that it appears the developers threw out NAFTA in the new version, so tariffs hurt pretty bad in Latin America. This is my personal procedure that has led me to become Grand Champion and nothing on the web can compare to my precision perspective of BSG. At the same time, youll generate significant amounts of income from the hardest market to extract revenues from. Do this for all four regions. Hello. If it increases your profits, leave it at Yes, otherwise set it to No. It will be very helpful for us and will be very grateful Do you still have your upload reports of all your years ? The Business Strategy Game BSG is a PC-based exercise designed to mirror the real-world features of the competitive athletic footwear industry. Optimizing your values is the essence of the game, even though it might be very time-consuming. Write down each regions reject rates and add them up to the regions estimates sales volume. Otherwise, their endorsement effect declines. Take advantage of my highly-guarded distribution decision strategy that Ive used to reap the benefits of the complex tariff rules and exchange rates. On this decision page, you can bid on celebrities. I promise you my techniques and tips are fully replicable and have kept me theundefeatedall theseYears! It will give you some immediate tips you can implement to start off on the right foot or begin turning things around. My stupidness did not know that I should not pay dividends when I am in 5-year-loan, so I did not adjust any part in Finance Cash Flow except for borrowing. Always keep that in mind when formulating your strategies and leave room for adjustment where necessary. If this is still not enough, add the missing shoes to the other plants Branded Pairs to be Manufactured in Year XX number. If you tweak those numbers, your demand will adjust accordingly. So where to look at this thing, as soon as you start the BSG Online Game. When I played the game, I barely looked at what my competitors were doing. I personally find it easier to pursue and had more success with it in the past. Please delete one if there is an extra comment. sales volume estimate. Is there a strategy that will always win? You are now all set to dominate your industry and win the BSG! Even more important is, to stick to it! Celebrities will enhance your marketing efforts and help you sell more shoes. Profit is the key to success in this game! A free section gives the casual reader some tips and tricks in class and a paid guide for people who are behind and need to catch up or students who want to save themselves the headache and win. If your results in the first year are not too good, its not a big deal. Like I already said in my previous post, the most important thing is to toggle each and every value and pay close attention to your net profits. Im glad I was able to help and good luck to you! My friend and I walk through the simulation on how it works. My direct competitor is now selling 8 stars with more than 400 models in wholesale so I think i will be at a even better position selling 50 models. These are some of the tips you can use to win the business strategy game. For long term celebrity contracts and endorsement, bid for them in the early stages of the simulation. Most Industry competitorsarentable to replicate high results when they face tougher opponentsand have asimpleunderstanding of the Business Strategy Game. Members of the team should have skills and strengths that serve to complement each other for a perfect working synergy. im at year 17 and perfect score twice, 1st in last 3 years and 2nd twice. The same accounts for your Change in Annual Base Wages and Incentive Pay values. Buy Now with PayPal. Here, you will plug in your previously calculated regional total sales volume for each region. Definitely helps! I suggest to go for maximum profits. This free website and paid guide are a collection of the strategies I have used myself while winning the Business Strategy Invitational multiple times, seen work by my competitors at the highest level of play, and implemented on dozens of teams Ive personally coached. While they might boost your image rating, they will decrease your profit. On this page, you will set your values for your branded production. Business Strategy Game player with a career stretching back to 2006 and throughmultiple versions of BSG. If you see little action on the celebrity market, go ahead and get your celebrities for the lowest price possible ($500). I am in Y12, and I am adjusting for Y13. The information is these . Should I continue expanding NA or AP and by how much? Again, this can be trial and error for a couple of decisions but you should get a feeling for what multiplier is best for your company. Here are factors to be considered before picking a celebrity. We got our act together and began to study the game. How would you like to acquire every secret I have about the Business Strategy Game? It might be tedious work and consumes a lot of time, but it will definitely worth it and will let you win the BSG. You now have an estimate of how many shoes you are going to sell in each region. Whether a member is suggesting a different. that helped me become Business Strategy Game Grand Champion. If I have cash available after doing all my decisions, I like to alternate between building additional capacity, purchasing plant upgrades, paying off loans and repurchasing stock in the following years. I still think its a waste to build a plant there, unless youre selling tons of shoes (high models, mid SQ). (meaning I decreases it from $1.00 to $0.15). I followed your recommendations, and I have a good rank. As I keep reading online about different strategies to win, there are some postings that are aligned with the strategy of low quantity of models offered at a high quality and keep increasing capacity. Business Strategy Game Espanol (Spanish BSG Help ), Ayuda En Espanol Para La Simulacion Glo-Bus (Spanish Glo-Bus Help), Business Strategy Game En Franais/French, En Franais Business Strategy Game Assistance (French BSG Help), Business Strategy Game In Het Nederlands/Dutch, In Het Nederlands Business Strategy Game Help (Dutch BSG Help), Business Strategy Game Auf Deutsch/German, Business Strategy Game Auf Deutch Assistenz (German BSG Help). Stick in your e-mail address, and the tips guide will be in your inbox instantly. Do you have any suggestions? With more inventory, however, you can put more shoes into private label which is a really important aspect of the game. To be an Industry Champion, you just have to beat your classmates but to be a Business Strategy Game Grand Champion you have to BEAT every single Industry Champion that's won the Business Strategy Game.
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