Hi Dennis. If you really need money, I would rather advise you to issue some of your stock. WINBSG.COM: Win the BSG Business Strategy Game - Discussing effective Is your strategy also works for my situation? However, you should keep on thing in mind: Your internet price should ideally be 40% higher than your wholesale price. Buy I have quite a lot ending cash. Sorry for the late reply.. Been starting my new job and working a lot lately. For only $35, get instant access to the Business Strategy Game Guide. Is it too late to reduce that to 50 as you suggested in your recommendation? Before you even start plugging in any numbers, it is important that you decide for a strategy to pursue for the game. In addition, you have the option to repurchase your stock. But my profit is still a little bit low for a second place, guess my price is too low and I need to cut some of my expenses, right? Helped me get to the second place! Your interest rates depend on your credit rating and the duration of your loan. The celebrity endorsement will work well only if it is boosted by aggressive advertising. As always, do not forget to save your decisions after you are done. Do not sit on it. 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. Its not too late to do that yet. Business Strategy Game Help - reddit Again, it is important that you keep in mind to optimize your profits. I recommend building additional 1,000 capacity for the North American plant in the first year, if your cash balance allows it. 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? My friend and I walk through the simulation on how it works. I'm back with this updated video full of helpful tips so you can tackle the. 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%. Do the same for your E-A and A-P volumes and plug them into the A-P manufacturing slot. 2. You can also pay dividends to your shareholders. I believe it varies based on your games situation. How to solves this situation ,have you given us any suggestion. (meaning I decreases it from $1.00 to $0.15). Does it affect any other factors? My group and I are also playing the new version of the game and were little bit lost. that helped me become Business Strategy Game Grand Champion. The higher your celebrity endorsement value for a specific region, the more your advantage in attracting buyers to purchase your branded footwear. I have also included a Special 30 minuteAudio Companion for the Magic Numbers that is great for Year 11 starters! The information is these guides is laid out, and displayed, in such a way . Some business simulation games actually put you in the position of a business owner, but others have varying storylines or themes that let players hone these skills in . Your Delivery Time should be set to 3 weeks. or A-P plant. Those that havent played the BSG Online yet and are researching online for every advantage they can find. Two decision rounds later, I was ranking 3rd in the world. Private label will help you dominate your competition. Should I continue expanding NA or AP and by how much? Complement each other. In the first few years, this will be pretty difficult to determine. you should repurchase stock whenever you can. Theguide will show you how to make your company lean and agile to cope with the industrys marketplace. A window should pop up where you can select each of the four regions and change the industry average S/Q rating and competitive impact. 4. This game can be overwhelming, so anything to help other players! This like a trial and error process and does not necessarily have to make sense. Hence, make sure to plug in every possible value to reach the highest net profit possible. I promise you my techniques and tips are fully replicable and have kept me theundefeatedall theseYears! Learn More Hi Fin, Thanks for the detail post and the screen shots. If youre like most students though, you just want to win the Business Strategy Game, be crowned Industry Champion, get the grade, and move on with your life. 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. Hi Lee, If you have any questions, feel free to come back and ask them. So, play around and find the best combination for your given S/Q rating that yields the highest net profit. Again, maximizing net profit is all you care about with our strategy determined at the beginning. I would then adjust the Percentage of Superior Materials to whatever is needed to match my S/Q Rating with the value plugged in on the Sales Forecast page. You have successfully adjusted to your competitors. And you said I should only add capacity onto existing ones instead of building a new one in LA right? I worried that another team would have stumbled onto your blog, but few people Google tips it seems! However, it will also decrease your ending cash. The FREE BLOGcovers topics like. This means, without increasing your superior material or enhanced styling / features, you gain 1 star. The image rating of a company is the way it is viewed as a brand, The image rating of a company is usually based on. You will need those numbers later on. Strategy and Execution is your shield and sword for Conquering the Industry. The private-label market is a very nice opportunity to gain an advantage off your competitors and take their market share. Learn tips & tricks, from a BSG Grand Master! However, you can successfully apply most of the following tips to either strategy. The demand depends on your retails, price and quality. In addition, the company resembles an athletic footwear company with plant operations instead of outsourcing . I include tons of free information to give you a leg up on your classmates on my blogroll. BSG Guide - How to Win the Business Strategy Game However, try your best. So for our strategy, it should be 7 stars at the beginning. Be careful: Sometimes, especially for advertising, numbers that are way off (for example $100 and $8,000) can yield about the same net profit with only a little difference. I personally would not bid higher than $5,000 $6,000. While +2% might now always be spot on, I have made the best experience with it so far. It makes sense; the more ads you run, the more your celebrity endorsement will be seen and the more effective it is. I wish you the best of luck for your game. 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. total sales volume estimate into the Branded Pairs to be Manufactured in Year XXslot for North America, write down your reject rate and add it to your previous total N.A. Be in it for the long haul When contracting a celebrity, your advertising efforts in the Sales Forecast section should not be low. A McGraw-Hill Business Strategy Game Online Expert, Copyright 2023 Win The Business Strategy Game Online Powered by Wordpress, W3 Total Cache & Cloudflare, Business Strategy Game Quiz 1 Study Guide, Business Strategy Game Quiz 2 Equation Cheats, New Glo-Bus Simulation Game Quiz 1 Answers, New Glo-Bus Simulation Game Quiz 2 Answers, Buy The Business Strategy Game Guide for $29.99, Tips and equations to make the quizzes easier, An easy to understand tutorial on exchange rates, tariffs, interest rates, and how to utilize them to your advantage, YouTube Videos on how to play the game and learn the software as quickly as possible, An distilled version of the players guide to save you a lot of time. Im play a new version of BSG ,we have already completed year 17 and now our team have a problem with struck in the middle stage that cost cant decrease more and this year other company in the industry have a high SQ star and low cost (price war) that we cant fight them because our cost is too high. Displaying corporate citizenship in a responsible and socially acceptable manner for not less than 4 years. I will walk you through each page chronologically. but out industry there is a direct competitor for me, he is also star 8 and 50 models, and he prices so low for wholesale, only 47! Try out each and every value and note down the highest net profit values. And Im so thankful for your post!!!!!!!! Hi, youre welcome. PS: I left a comment, but I did not see it and thus retyped. If you have any questions, suggestions, or comments feel free to comment and I will do my best to help you out. What I like about my strategy is that you do not necessarily have to keep an eye on your competitors. On this page, you will optimize your entries and toggle each value until your reach the maximum profit possible for each entry. It sometimes works. After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. The first is the paid guide. At the end, I increased dividends to boost my ROE. AcquireThe Edgethat separates aGrand Championfrom an Industry Champion. Yes, its not too late yet to follow through with my tips. Learn a little more about the theoretical concepts behind the game in our Free MBA course. Do not worry about the Plant Capacity / Upgrades page. Do this for all four regions. This would leave you with a bunch of shoes unsold. If you are completely new and your projected performance box is not showing yet, you have to click the Save Decisions button on the upper right-hand corner for the projected performance box to appear. I would definitely increase your S/Q rating to 8* and lower your models to 50 (this should be the lowest you can go if I remember correctly). However, if you happen to use overtime at either of the two plants, plan on increasing the plants capacity in this decision round. This is actually typical of almost every single Business Strategy Game Industry, as it takes only 1 greedy person to get the ball rolling. Free shipping will most likely not increase your profits. Business Strategy Game Tips & Lessons Learned - YouTube If you tweak those numbers, your demand will adjust accordingly. Write down each regions reject rates and add them up to the regions estimates sales volume. Repurchasing stock will boost both your EPS and ROE. Here, you will determine the Percentage of Superior Materials, Number of Models, Enhanced Styling / Features, TQM / Six Sigma Quality Program, Change in Annual Base Wages, Incentive Pay, and Best Practices Training. Hi there! The business level strategy used can be replicated by anyone and is so brain-dead simple that you are destined to win if you apply these techniques. Hi, 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. This means, you have a channel conflict, meaning that your Retail Outlets number will decrease in the next year and less retailers are willing to sell your shoes. How Much Capacity Should My Company Have? The ULTIMATE Business Strategy Game (BSG) Guide Tutorial - 2022 Deciding whether to buy an already functioning plant or build one from the ground up will depend on; whether the geographical region you want to set up has a plant you can buy as well as the time that is available for you to set up a new plant. In addition, your Retail Outlets values should always be the highest number possible that you are allowed to enter. So having understood what the image rating of a company is based upon, how can you improve it? However, do not forget to calculate your possible additional expenses for your celebrities. Business Strategy Game - Capitalism Lab. In this article, you will explore some of the strategies and tips that should be employed to boost your winning chances. Play with your numbers around and tweak them to generate maximum net profit. These simulation games can help you develop hard. After you have found the right price, click the Save Decisions button. Yeah I will hold on to that for now. Does it hurt any other factors? Yes, I am talking about the www.bsg-online.com for 2023. Thanks a lot! The Business strategy game offers a unique hands-on experience for participants grouped in teams, to run a virtual footwear company and go head to head with other competitors to see whose business strategies win. update them with tips and food for thought from the paid guide. Its a lot of trial and error until you find the best possible value and it takes a lot of time at the beginning. 5. Everything else like earnings per share (EPS), return on equity (REO), and image rating (IR) will automatically follow. I daily (thank you, Hootsuite, for making it so easy!) Here's a free video of things to watch out for while you are running your shoe company and competing in the BSG. Any advice? If you find capacity available for purchase, I would always directly purchase it. This has been very useful. Thank you in advance! However, you can successfully apply most of the following tips to either strategy. The first time I played, I did exactly what you are doing: researching the internet. Well some Industry Champions have such an easy time winning because the people theyre going up against simply didnt care about the BSG. After you have successfully plugged in your branded pairs that need to be manufactured for both plants, click the Save Decisions button and move on to the Branded Distribution page. This is why building additional capacity is so important. Hi, thanks for the great strategy! So I run into problem again! Some students even let it ride without making ANY decisions for years! Okay! thank you for your help. You need this capacity for the private-label market. of what decision year youre in, how bankrupt you are, or if your company is dead last right now . 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. You will also receive a copy of Currency Made Simple. Business Strategy Game Cheats I Best BSG Game Cheats 2022 And then I would just follow my tips and adjust all other values to maximize profits. I cannot make any money there. I dont understand why it did this as this capacity was unused and there was upside to having it as my production was max out for the demand. A quick e-mail to your inbox. $50.66 but $50.67 gives you higher profits, go for the higher prices. So where to look at this thing, as soon as you start the BSG Online Game. I followed your recommendations, and I have a good rank. What is this Currency Made Easy! It has two components. My undergraduate business strategy teacher made us play the BSG-Online simulation for 40% of our grade. Most Industry competitorsarentable to replicate high results when they face tougher opponentsand have asimpleunderstanding of the Business Strategy Game. Be objective in your approaches from the beginning of the simulation right to the end. Set your price to whatever maximizes your profits. However, with a reasonable price. You then want to select 0% as the Portion of the $XX mil. Thank you so much for your suggestion! For long term celebrity contracts and endorsement, bid for them in the early stages of the simulation. You can still ship pairs from LA to somewhere else if needed. You are now done with your private-label decisions and all significant decisions that affect your net profits. Global Top Performers But this year I have a lot of cash on hand, I upgraded my plant, should I also build the LA plant although I dont need that much capacity at the moment? Year 11 might be over for you. Should I decrease the pay dividends and do stock repurchase in Y13? Let me know if you have any more questions. Hence, keep track of the industrys internet price and how it changes. You can do this by paying off your loans at the earliest possible time. To improve the financial standing of the company it is a wise idea to employ the balanced scorecard to determine the strategies that will boost the companys competitiveness. 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. Optimizing your values is the essence of the game, even though it might be very time-consuming. They have all changed by +2%, just as you plugged it in. Thank you so much! Yeah I had that in the first weeks as well. I include tons of free information to give you a leg up on your classmates on my blogroll. If it is lower than 40%, your wholesale price will be in competition with your internet price. Any thoughts? Thats one of the things you should never do because you can always use capacity. Wow, you are done! I guarantee or your money back (with a 100% success rate so far) you'll win the game with the purchase of the guide. construction cost to be financed with debt. Promise I wont have tons of question haha. How did your 2nd decision go? Because with more capacity, you can offer more pairs in private label and dominate the market there. You will also receive a copy of Currency Made Simple. My team and I started the game with minimal knowledge and flailed for the first three decision rounds. PDF The Business Strategy Game - California State University, Northridge we are having a horrible time of having left over inventory .. we are in year 13 and our numbers are ok we were 1st place last on year 11 and second place on year 12 but i having a feeling we have been focusing so much on our current numbers we arent going to end well any advise on what we should do on inventory and other sections of the game. and A-P plant, focus on your Total Branded Production Needed to Achieve Year XX Sales Forecast section on the lower half of the page. Strategies, decision screens, reports and tests. However, when pricing your shoes, keep in mind to set the price at least $5 below the wholesale price average. Hi Yvonne. Based on the kind of approach you will use, you might find it useful to keep some of the costs low. I would like to ask you about the Dividends. After watching this comprehensive 75 minute video I haverecentlyfilmed, you will know exactly what you need to do to be successful. The decision is due tonight I am so nervous but the performance score so far looks good. However, it is not necessary and Option C is definitely more effective. 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. On this page, you will set your values for your branded production. For your company to be on the right track the R.O.E should be at least 15% annually. I will talk about the Celebrity Endorsements page later. If your results in the first year are not too good, its not a big deal. The C.I.R on the other hand will give you a deeper look into market share, S/Q ratings as well as price. I would recommend purchasing the upgrade for both of your plants within the first four years. I just have a quick question. Contact the Grand Championand Learn more about the BSG. I am a Business Strategy Game Grand Champion. While being in every market is a goal of a successful multinational company. Stick in your e-mail address, and the tips guide will be in your inbox instantly. at least one of the two teams has an S/Q of 8* and low prices so far (yes, they are in first place for now) what do you think we should do?. Setting up a successful business requires time, money, a lot of hard work . Then, after a lot thought on the matter, I devised an easy method for taking full advantage of currency fluctuations. However, there are still some other voluntary decision that will prepare you for future decisions. Hi, Im glad to hear that it helped! The Business Strategy Game - Competing in a Global Marketplace You can get BSG Game Help from experts who will guide you on how to win or top you game with the best Strategies.Visit BSG Game Help today and get professional guidance from BSG Experts. 6 Effective Business Simulation Games Teaching Strategies Ive created this website as a final project for an online marketing class (and to help me pick up an extra bar tab a month.) It has not only won recognition and awards from top gaming media such as IGN and PC Gamer, but also from world-leading media including CNN and Discovery Channel. This will lead to greater visibility for your company and thus a boost in the image rating. This will enable you to tap into the different unique abilities of each of the members thus strengthening your team. 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. 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. How To Win A Business Simulation Game? You will also receive a copy of Currency Made Simple. In the first years, the estimate of the industry average might be a little off the +2%. Try out different combinations that keep you at 8* and the highest possible net profit. R.O.E is the measure of the ability of a company to generate profit. For this blog post, I will concentrate on the high-quality + low model strategy. So the question is: would you recommend for my team to still increase capacity despite this fact? I see this every semester, and you dont want it to be you. What will I get for my $48? Selecting the members that will form your team is very crucial as you will be working together to ensure the success of your company. And I would not build another plant, rather increase capacity in the plants that you already built. This is because your competitors are adjusting and trying to find their strategy. If I have further questions do you mind I ask you for help? Let us take a look at the Plant Capacity / Upgrades page first. 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.