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. They WILL work for you too and can adapt to EVERY situation. 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?. If it is 0%, that is fine as well, do not worry about it. However, you can successfully apply most of the following tips to either strategy. Automated page speed optimizations for fast site performance, Capsim Winning Strategies and Simulation Tips, Leadership and Management Assignment Help. Then, after a lot thought on the matter, I devised an easy method for taking full advantage of currency fluctuations. It almost worked TOO WELL. Hi! Ideally, you can cut your employees wages and will increase profit. So do you mean although we sell exactly same shoes it does not matter even my rivals price is lower than mine so long as i can maximize my profit? If you see little action on the celebrity market, go ahead and get your celebrities for the lowest price possible ($500). 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. Otherwise, their endorsement effect declines. With more inventory, however, you can put more shoes into private label which is a really important aspect of the game. BSGTips.com is a proven guide (written by a Business Strategy Game Grand Champion) on how to win, not just how to play. There should be a balance. But the plant page did say not recommend to build the plant so I was hesitating. Is it too late to reduce that to 50 as you suggested in your recommendation? You might have the highest profits with 0 advertising budget. The decision is due tonight I am so nervous but the performance score so far looks good. You are now done with all your decisions for the Corporate Citizenship decision page and should hit the Save Decisions button on the upper right-hand corner. Definitely helps! 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.) Use the remaining 30% capacity to sell shows in private-label! After clicking on the green Go to Decisions/Reports-button in the corporate lobby, you can see your profits in the lower left-hand corner. I now have another question about capacity. In any Business Strategy Game, including BizMAP, you will not get it 'right' in the first attempt. What should I do in this case? Tips for Lowering Cost and Other Recommendations For Winning the Business Simulation Game Toggle the advertising spending to see the lowest cost at which the company can achieve the desired market share. Then, just like you did before, plug in different values for your internet price and see, which price yields the highest net profit. When you are deciding whether to upgrade your plant capacity, time is an essential factor. 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. For all following decision rounds, you do not have to return to this page, as I advise you to always keep those two options and not change anything else on this page. Stick in your e-mail address, and the tips guide will be in your inbox instantly. Im an excel and math geek and started to break the game down and understand it on a deep level. The BSG Ultimate Solution isTHE ONLYGUARANTEEDone-way ticket to winning the BSG. or A-P plant. Use of my strategy creates a landslide effect that, as you can see, is very devastating to all opponents. I am a Business Strategy Game Grand Champion. This is probably the most important decision entry page in the game and you will be spending most of your time here. What Poker Strategists Say Poker is an incredibly strategic game and as such, there's a lot to learn from its big players. Learn how to set your prices right by orchestrating your branded market efforts with my intense market advertising and a retail support campaigns that will ensure company stability for years to come. I hope that helps and good luck! PS: I left a comment, but I did not see it and thus retyped. 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. It might be tedious work and consumes a lot of time, but it will definitely worth it and will let you win the BSG. I would like to ask you about the Dividends. I suggest you upgrade your browser. 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. Those that havent played the BSG Online yet and are researching online for every advantage they can find. In this section, you can upgrade your plants. That summer, I played in the Business Strategy Game Best Strategy Invitational (BSI) and won that as well. No spam. 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. 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. I include tons of free information to give you a leg up on your classmates on my blogroll. 1. I feel you. However, do not price your shoes too high, so that your competitors have a lower price than you and will sell their shoes first. What is this Currency Made Easy! (0 for both stock issues and stock repurchase). unfortunately I have no experience with adjusting to my strategy in the late-game. The demand depends on your retails, price and quality. 39K views 1 year ago #businessstrategygame Here is my ultimate guide to help you ace the Business Strategy Game. You can only do one upgrade at a time in each region and a total of two updates per region. Same for your superior material. Helped me get to the second place! It is not. Let me ask you this. I am getting my butt kicked! There is a huge difference of learningHow To Winand learning the basics of the game. Unused capacity kills your numbers and profits! 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 just have a quick question. You will also receive a copy of Currency Made Simple. In the instance where a plant is available for purchase, buying one would be the ideal option because you will be able to save time and up to 20% of the money that would have otherwise been used to build one. According to the change, you can estimate the next years average industry internet price and plug it in. Hi, You will have secret access to private areas of the site and get to ask questions with my personal expert replies. While your regional sales volume for the internet segment is a good estimate, the estimates for the wholesale segments are not. Some professors place higher emphasis on the Business Strategy Game than others but the Business Strategy Game is always a hefty part of your grade. It covers in detail all of the strategies, concepts, software features and tricks necessary to win the McGraw-Hill Business Strategy Game. From experience Id say tho that it is already too late to adjust to my strategy presented. Those that are already playing the BSG Online and perhaps want an edge over the competition. One option that you definitely want to purchase is Option C. Option C increases your S/Q rating by 1 star. Fin. Yes, I am talking about the www.bsg-online.com for 2023. I dont know why the game suddenly changed your numbers but I recommend using every last bit of your capacity. Make sure the celebrity is suitable in the geographical region you want them to endorse your shoes. Especially with our high quality and low models strategy, this will be very beneficial and will safe you some money. Always keep that in mind when formulating your strategies and leave room for adjustment where necessary. Most Industry competitorsarentable to replicate high results when they face tougher opponentsand have asimpleunderstanding of the Business Strategy Game. However, you should keep on thing in mind: Your internet price should ideally be 40% higher than your wholesale price. Almost done, the last decision page. I never really watched my EPS or credit rating (ofc credit rating should be a B at least). Buy Now with PayPal. However, my net profit is still negative even after i have adjusted the private-label. Two decision rounds later, I was ranking 3rd in the world. If you really need money, I would rather advise you to issue some of your stock. For your company to stand out, it should ideally have an image rating of 70 and above. Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. What I like about my strategy is that you do not necessarily have to keep an eye on your competitors. 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. This decision page is mainly a waste of money and we will not spend a lot of time with this page. . 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! Do this for all four regions. How to solves this situation ,have you given us any suggestion. My group and I are about to complete year 17 for the game. You should pay attention that your S/Q Rating of Branded Pairs Produced matches your value on the Sales Forecast page. I recommend building additional 1,000 capacity for the North American plant in the first year, if your cash balance allows it. You now need the forecasted Regional Sales Volume for both the Internet Segments and Wholesale Segments in all four regions that you wrote down earlier. The second part is the free site resources. These games often involve managing resources, making . Since youre only in the second year, I would honestly decrease your models to 50. Turn delivery time to four weeks because it has no noticeable effect on sales but significantly affects EPS and Net Profit. and why do I want it? 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 not worry about the Plant Capacity / Upgrades page. While being in every market is a goal of a successful multinational company. Wow, you are done! So what are some of the qualifications you should be on the lookout for when picking your team? One way you can maximize the R.O.E is to purchase stock at the earliest possible time. You almost can never have enough capacity because what you dont sell in branded, you can sell in private label and dumb prices there and take away your competitors market share. 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. The BSG tends to underestimate those values by about 20% and hence, you need to correct them for a more precise estimate. I believe it varies based on your games situation. If you have your AP price set to e.g. Apply the following tips to reduce some of the costs. Here, you will plug in your previously calculated regional total sales volume for each region. Thats a relief. 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. You have to dissect your competition and forecast their every move. While they might boost your image rating, they will decrease your profit. The best part is that, after it is in place for 3 or more rounds of play, the effects become almost irreversible. Switch between different advertising budgets to see which strategy will be the most cost-effective to capture the target market at the best price. After you have plugged in your numbers for both plants and your Branded Pairs Available for Shipment matches your Total Branded Pairs Shipped from each Plant, go ahead, click the Save Decisions button, and move to the Private-Label Operations page. Do not sit on it. Weve solved EVERYTHING for you. The Models Offered estimate seems pretty fair and you do not have to worry about it. 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. However, the private-label market is set up the way that only a limited demand is given each year. Buy I have quite a lot ending cash. You can also pay dividends to your shareholders. Learn tips & tricks, from a BSG Grand Master! I would recommend purchasing the upgrade for both of your plants within the first four years. Here's a free video of things to watch out for while you are running your shoe company and competing in the BSG. If you have any questions, feel free to come back and ask them. Avg. values have changed. Play the game multiple times and try to refine your strategies and entrepreneurial skills with each attempt. It's customized for you to run the company in direct competition with other class members. Pay attention to the plant upgrade options as well. Do you have any suggestions? How would you like to acquire every secret I have about the Business Strategy Game? 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. Also, I suggest not decreasing your dividends. This is also linked to having production facilities in that market to support it. It is a show to the investors whether their investment is performing well. Yes, despite your competitors building capacity as well, I recommend increasing capacity in a reasonable amount. The FREE BLOGcovers topics like. 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). Your interest rates depend on your credit rating and the duration of your loan. Good communication skills. There are tons of possibilities in the Business Strategy Game, and the wrong strategy in the wrong circumstance willCOST you the game. Anyhow, recalling that I could find no helpful information about the game when I looked, I decided to put together a manual that would be helpful to future students of the game. After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. I will walk you through each page chronologically. The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. Does it affect any other factors? 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. I want to thank you for visiting my Business Strategy Game (BSG Online) website. Let me walk you through the various decision pages and explain you how to optimize each entry. Is this guide guaranteed to make me win? The end result counts. This like a trial and error process and does not necessarily have to make sense. You always want to make sure that you produce your sales volume for N.A. I would like to ask about the Pay Dividends. My stupidness did not know that I should not pay dividends while Im in LOAN mode. thank you:). 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. This will enable you to tap into the different unique abilities of each of the members thus strengthening your team. For many students, winning the Business Strategy Gamecan be the difference between PASS and FAIL. 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 . 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. Those that are already playing the BSG Online and are going bankrupt and/or are dead last. Like I explained in my blog post, do everything that is necessary to increase and maximize your net profits. Dont be fooled by Cheap imitation Business Strategy Game guides you might see online. 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. When there is a change in any aspect of operations it should be implemented upon approval of all the members. Is there a strategy that will always win? 5. Hello, Im playing the new version of the game, and your guide has worked perfectly for the first two years! Im not talking about theory and how to play; Im talking about a proven system that helped me become Business Strategy Game Grand Champion. Sounds good, congrats! I shut them down fast and knocked them out of the running. If it is lower than 40%, your wholesale price will be in competition with your internet price. Please post any information pertaining to: strategies, tips, final presentations, case studies, quizzes, etc. Hi, It took me years to learn this and it would take you years as well but,I know you dont have years. So your costs will be relatively low as well and the private label will be a very important factor of yours. Yes, I would only add capacity onto existing plants and not build new plants. Also do you know the cost of building additional capacity. However, do not forget to calculate your possible additional expenses for your celebrities. Whether a member is suggesting a different. I started with paying $0.05 dividends and increased it by $0.05 every year. I was a poor undergraduate college student, too, at one point, and I understand your unwillingness to pay for an additional book. Yeah I had that in the first weeks as well. R.O.E is the measure of the ability of a company to generate profit. Its a lot of trial and error until you find the best possible value and it takes a lot of time at the beginning. I was thinking about building a LA plant because I took the majority of private label there last year. However, if done right, it is worth the time as it will yield the maximum profit possible and success in your industry. You do not want that to happen, especially because your internet sales only account for a small percentage of your entire sales. Increase S/Q ratings? Repurchasing stock will boost both your EPS and ROE. However, I would recommend not taking out any loan if possible. Every game in the Business Strategy Game starts out the same. . If you find capacity available for purchase, I would always directly purchase it. 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. You are now all set to dominate your industry and win the BSG! The only thing you wont get is Magic Year 11 Secrets Revealed.Dont Wait! 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. However, with a reasonable price. Login Scroll Down Your browser does not support the video tag. This is your new, more precise regional wholesale sales volume. Since there are many decision making elements in a simulation game, for example in Global Challenge the business management simulation, there are demand, production, HR, R&D, marketing, logistics, transfer pricing and taxation, and finance decisions, instructors should decide "which . I have placed this manual and an easy-to-use currency spreadsheet on this site for you. Do not worry about your market share percentage or any other value than your net profit. Emerging on top of this simulation can be quite a challenge. Do not worry about those numbers, they will just show you whether your investment is profitable or not. Pay loans faster. I am the longest known active Business Strategy Game player with a career stretching back to 2006 and throughmultiple versions of BSG. Members of the team should have skills and strengths that serve to complement each other for a perfect working synergy. The knowledge to exasperate competitor weaknesses and curb competitor strengths lies in the strategic knowledge in the model. You then want to select 0% as the Portion of the $XX mil. More than often they drone on and on about BSG, to the point, its barely relevant toimpress you with abunch of words. Hi Yvonne. Because with more capacity, you can offer more pairs in private label and dominate the market there. Strategies, decision screens, reports and tests. In addition, you have the option to repurchase your stock. In addition, your Retail Outlets values should always be the highest number possible that you are allowed to enter. Which is better, cost leadership, integration, or differentiation? Or you have read it but still do not know what strategy to pursue or what is going on? The strategy utilized is broad and will allow your company to decide in what direction you want to take your company after to win Business Strategy Game. The same accounts for your Change in Annual Base Wages and Incentive Pay values. If your results in the first year are not too good, its not a big deal. Do you know why is that? 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. Skip the fancy words so many other guides drone on about BSG, andget down to real execution of business strategy. thank you for your help. With our strategy, you might want to think about getting Option A as well. Having an increased S/Q rating and lower prices boosts the image of the company positively. If you demand for branded production is met, put everything else into private label to make sure you dont have unused capacity. By clicking on the Purchase Capacity button, you can see whether someone else did the mistake and sold capacity. 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. Okay! Company operations are patterned after You need your capacity and it is never a good idea to sell your existing capacity. I am having trouble getting my company back into the positive ending cash after taking out a loan. Thats one of the things you should never do because you can always use capacity. You want to setEthics Training / Enforcement to All Employees and Workforce Diversity Program to Yes. If you reach the last decision round, comment down below and I will give you some hints on how to boost your net profits for the last year and gain some extra points. Celebrities will enhance your marketing efforts and help you sell more shoes. Order now. You are almost done for the Sales Forecast decision page. I promise you my techniques and tips are fully replicable and have kept me theundefeatedall theseYears! Theguide will show you how to make your company lean and agile to cope with the industrys marketplace. It is important to toggle your values and find the best combination to maximize your net profit. How important is image? I'm back with this updated video full of helpful tips so you can tackle the. Contact the Grand Championand Learn more about the BSG. Ive turned dead-last severely bankrupt companies into Industry Champions with just two years left in the game. However, keep in mind that your regional endorsement value should not be higher than 400 in any region. This is where consumers get the best quality of footwear at the lowest possible price, therefore ensuring value for their money. Make all the decisions tactfully and base them all on research and not emotion. 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. Hi, youre welcome. Your competitors are most likely looking for this information too. It typically keeps increasing until a certain price point and then starts to drop. It is definitely around 1.2 though and I recommend starting off with this value. It is usually best to repurchase stock at the beginning, when your stock prices are relatively low. Develop a fictional startup in a choice of industries, playing in modes including entrepreneur, business war or Virtonomics tycoon. No spam ever. Finished top 3 the first time and we are currently in 2nd place through 5 weeks for our current simulation. I usually go ahead and plug in whole dollar amounts for the wholesale price and see how net profit changes. Be cautious though: Do not only look at the percentage change in net profits, but also at the total value as the total value might change sometimes but the percentage change remains the same. First, click on the Adjust Competitive Intensity button that can be found on the top middle of the page. Hey!! The Capitalism series is widely regarded as the best business strategy game series ever created. Let us move on to the tricky part of this decision page. In the first few years, this will be pretty difficult to determine. So regardless of what decision year youre in, how bankrupt you are, or if your company is dead last right now you can SUCCEED in the Business Strategy Game by following my SIMPLE tips, advice, and strategies. If this scares you, it should. The two most important values you want to have as precisely estimated as possible are the industrys average wholesale price and S/Q rating. You basically do the same thing over and over again, for every decision round. Hi! Even more important is, to stick to it! The Business Strategy Game (BSG) is online games in which students form teams that are assigned tasks and compete in running the business of an athlete footwear company. I daily (thank you, Hootsuite, for making it so easy!) Personally, I would do a higher SQ to start things out while you are building capacity to match the low quality-high model approach.

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