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 can either take out a 1-year, 5-year, or 10-year bank loan. Hi! Max OUTyour production with the high quality shoes at the lowest possible cost. Hi, You want to setEthics Training / Enforcement to All Employees and Workforce Diversity Program to Yes. While +2% might now always be spot on, I have made the best experience with it so far. This is your new, more precise regional wholesale sales volume. You are now all set to dominate your industry and win the BSG! update them with tips and food for thought from the paid guide. Increase S/Q ratings? A quick e-mail to your inbox. Promise I wont have tons of question haha. Thank you very much for your kind words! and why do I want it? Beat the Business Strategy Game. 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! There should be a balance. However, my net profit is still negative even after i have adjusted the private-label. So I have plant in NA, EA and AP, but right now I am only using 70% of the capacity because the demand is quite small for me. If you have beginning inventory from last year (you did not sell all your shoes), try and use the Inventory Clearance option in the lower half of the page. This is also linked to having production facilities in that market to support it. Do this for all four regions. Here's a free video of things to watch out for while you are running your shoe company and competing in the BSG. 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. Which wholesale are you referring to? Focus on Net Profit, ROE (very important), Credit Rating, Image Rating is quite easy to control and also Stock Prices. Sometimes thats cutting expenses, sometimes thats increasing expenses (even though it might not make sense at first). After you have done this, you repeat the same procedure for Europe-Africa and Asia-Pacific with the A-P plant because it is cheapest to ship shoes from A-P to E-A. This is probably the most important decision entry page in the game and you will be spending most of your time here. The first is the paid guide. I am on my second year and I have negative income right now, any tips on how to get in the positive? Important: Your Sales volume, not the production volume that includes the rejected pairs! Virtonomics. In this section, you can upgrade your plants. This enhances the marketing efforts for the brand. What is this Currency Made Easy! Good communication skills. I will explain soon, how to increase plant capacity and why we need the capacity for private label. You can also pay dividends to your shareholders. SAVE TIME & PASS YOUR CLASS Amplify Your BSG Online Score: https://www.bsg-game.com/select-time Derek's "Pass Your Class Guarantee" . Five years ago, I was sitting in a similar situation as you. Finished top 3 the first time and we are currently in 2nd place through 5 weeks for our current simulation. Sure, you can ask anytime 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. Sorry for the late reply.. Been starting my new job and working a lot lately. 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. 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. We are reaching the last decision round and would like some hints on how to boost net profits for the last year and gain some extra points. You will get the hang of it after the first few decision rounds as it is always the same procedure. BSG Report, Part 2 - BeatBSG No worries, this is logical and you did nothing wrong. It typically keeps increasing until a certain price point and then starts to drop. 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. is it because I need to add capacity? Best strategy guides for bsg online how to win bsg (business strategy game) have spent years of ten dedicated men practicing the bsg online games with over DismissTry Ask an Expert Ask an Expert Sign inRegister Sign inRegister Home Ask an ExpertNew My Library Discovery Institutions University of Law University of Greenwich University College London In addition, you have the option to repurchase your stock. 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 would recommend purchasing the upgrade for both of your plants within the first four years. ? We have good market share in NA and, last year, we needed to ship the rest of the shoes from AP (incurring in shipping and tariffs costs, hence, the thought of adding capacity in LA). I always went with 500 every second year, but it depends on your market and competitors. If this is still not enough, add the missing shoes to the other plants Branded Pairs to be Manufactured in Year XX number. Thanks for your strategy! Leave everything else unchanged. You need to get confidential,accurate,comprehensive, andreliablyup to dateinformation from a trusted andPROVENBusiness Strategy Game source. So your costs will be relatively low as well and the private label will be a very important factor of yours. 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. What will I get for my $48? 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? Like should I add up all my wholesale prices from the 4 regions and then divide by 4 to get an average wholesale price and multiply by 1.40 to get the internet price or should I base it off the lowest wholesale and then multiply by 1.40 to get the internet price? Also do you know the cost of building additional capacity. Using Game Strategies to Get Ahead in Business - CEO Hangout Use of my strategy creates a landslide effect that, as you can see, is very devastating to all opponents. Both The Ultimate BSG Solution Guide as well asThe BSG video guide were created by a BSG Grand Champion.Together, you will have all the information you need to not just win the BSG, but to DOMINATE.You get Exclusive VIP access to our secret forum area. This means, you decide about the S/Q Rating of your branded pairs produced and your compensation and training for your employees. It will be very helpful for us and will be very grateful Do you still have your upload reports of all your years ? Hey!! Entering year 15 I am still doing 8 star but the demand forecast is super low. The first time I played, I did exactly what you are doing: researching the internet. Thank you so much for your suggestion! On this page, you will set your values for your branded production. Hello. It depends on how much private label you sell and whether you want and can sell more depending on the market, whether its satisfied or not. You now have an estimate of how many shoes you are going to sell in each region. The best Business Strategy Game Guide| BSG Help | BSG Guide You will also receive a copy of Currency Made Simple. 7 Winning Tips and Strategies for the Business Strategy Game (Bsg) 2022-10-12. Business strategy game Rating: 7,4/10 916 reviews. We were actually thinking on building capacity in LA for next year, however, two of the other teams already built capacity for 6,000 pairs in total (we are only 4 teams in total). However, it will also decrease your ending cash. Thats a relief. 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. Private label will help you dominate your competition. Hence, make sure to plug in every possible value to reach the highest net profit possible. It didnt matter how competitive they were, how motivated they were, or whether they were Industry Champions. If you have any questions, feel free to come back and ask them. In my opinion, I believe the other teams are thinking on exploit the private label. Once you have enough capacity then switch to low SQ approach. For many students, winning the Business Strategy Gamecan be the difference between PASS and FAIL. The celebrity endorsement will work well only if it is boosted by aggressive advertising. While those two values do not change your S/Q rating, they will change your net profits. Business strategy game. Business Games. 2022-10-12 That being said, when you go with the strategy explained in my post, you will have maximized profits. 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. On this page, you will optimize your entries and toggle each value until your reach the maximum profit possible for each entry. . You always want to make sure that you produce your sales volume for N.A. But it is definitely worth it. Does it affect any other factors? Try out different combinations that keep you at 8* and the highest possible net profit. I was thinking about building a LA plant because I took the majority of private label there last year. The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. This manual provides actual numbers to use as guidelines, has many examples from real games, and should make your life so much easier than mine was! They WILL work for you too and can adapt to EVERY situation. Look over the shoulder of a Business Strategy Game Grand Champion and see how he pulled off his overwhelming victory. So when following the steps described above, you will have positive ending cash really soon again. Theres not right amount of capacity you should purchase. Hi, I will walk you through each page chronologically. On this decision page, you can bid on celebrities. I believe it varies based on your games situation. Again, trying out different combinations and optimizing net profits is key for these values. 39K views 1 year ago #businessstrategygame Here is my ultimate guide to help you ace the Business Strategy Game. 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 ? This will save you money in the long run and at the same time boost your credit rating positively. The importance of buying back stock early and how buying back stock gives you an edge in the game. No spam ever. The company that offers the lowest price will sell all its supply first, followed by the company with the second lowest price offered, and so on. But I found ZERO helpful information online. I cant seem to find it. Every game in the Business Strategy Game starts out the same. . So I run into problem again! You do not want that to happen, especially because your internet sales only account for a small percentage of your entire sales. My friend and I walk through the simulation on how it works. or A-P plant. Well some Industry Champions have such an easy time winning because the people theyre going up against simply didnt care about the BSG. At the same time, youll generate significant amounts of income from the hardest market to extract revenues from. This is where consumers get the best quality of footwear at the lowest possible price, therefore ensuring value for their money. According to the change, you can estimate the next years average industry internet price and plug it in. When starting the BSG, you have two long-term loans; one for 5 years, the other one for 10 years. sales volume estimate. My undergraduate business strategy teacher made us play the BSG-Online simulation for 40% of our grade. Thanks a lot! I usually have the highest net profit when setting Enhanced Styling / Features to $50k, TQM / Six Sigma Quality Program at around $0.70, and Best Practices Training at $5,000. Choosing a Strategy - BeatBSG 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 . you can SUCCEED in the Business Strategy Game by following my SIMPLE tips, advice, and strategies. For the upgrade option C is the one to raise 1 star, but the actual cost it can save me every year is not a lot, should I still do that? Yeah I will hold on to that for now. 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. 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. This site uses Akismet to reduce spam. I know every strategy, secret, and tip you can possibly imagine about the Business Strategy Game, and Im willing to share them with you. Ive turned dead-last severely bankrupt companies into Industry Champions with just two years left in the game. Make all the decisions tactfully and base them all on research and not emotion. Im glad I was able to help and good luck to you! Our final score was 99 and the closest team to us scored a 74!Out of a total of 11 teams, 7 of them scored below 40! 1. When you are deciding whether to upgrade your plant capacity, time is an essential factor. 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. This decision page deals with your plants. 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. If for whatever reason you arent satisfied with the guide, return it anytime for a full refund. BSG Guide - How to Win the Business Strategy Game I would always encourage you to bid on available celebrities. BSGTips.com is a proven guide (written by a Business Strategy Game Grand Champion) on how to win, not just how to play. Authorize your construction and you save your decisions. Same for your superior material. BSG Game Help - Business Strategy Game Online Tutoring Do not price your shoes too low, so that you will not make any profits with your sales. But if i decrease my model, I dont think I will be competitive enough to compete with him if he stays with his strategy, what do you think? Taking up stock offering is a cheaper alternative to loans in case of an expansion, but caution should be practised as this move might lead to a drop in the cost of the EPS. That its always wise to start out on the right foot rather than try to pull yourself out of a financial nosedive. If it increases your profits, leave it at Yes, otherwise set it to No. In the case where other competitors are employing this strategy; strive to be the first team to get the most points. $50.66 but $50.67 gives you higher profits, go for the higher prices. The knowledge to exasperate competitor weaknesses and curb competitor strengths lies in the strategic knowledge in the model. Economic Impact of Hurricane Harvey and Hurricane Irma, Temporary Oil Price Changes Hold Back Consumer Spending. And you said I should only add capacity onto existing ones instead of building a new one in LA right? Skip the fancy words so many other guides drone on about BSG, andget down to real execution of business strategy. havr the highest stock price, image rating at 90, A+ still, and double digit EPS. I followed your recommendations, and I have a good rank. Do not focus too much on Ending Cash, but keep focusing on Net Profit, try to increase that over each years. Setting up a successful business requires time, money, a lot of hard work . I have placed this manual and an easy-to-use currency spreadsheet on this site for you. Hi Dennis. You dont have to care about your retail outlets anymore so adjust the price so maximize your net profit, without the 40% rule. The best business tip I have received so far is to have a backup plan for all your moves. Because with more capacity, you can offer more pairs in private label and dominate the market there. Like I said before, you should be building capacity, yes. Learn how your comment data is processed. Those are LEARNING REFERENCES written bycommonplace Industry Champions, which teach you how toplay. The end result counts. Hello, thanks for the great strategy, it is working (1st place) ! Is it too late to reduce that to 50 as you suggested in your recommendation? Instantly Jump Your Business Strategy Game Score 10 Points for FREE! congrats on your success! Hi, thanks for the great strategy! It is important to toggle your values and find the best combination to maximize your net profit. My question is what if I decreased the pay dividends to $0.15 from $1.00? It is all about trying out all possible combinations. With remaining the cash on hand, try to buy back stock, pay off your loans from the beginning of the game, pay back dividends, and upgrade your plants. You have to dissect your competition and forecast their every move. I suggest you upgrade your browser. 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 should I do stock repurchase this year? 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 Help - reddit All the while you get lost on what was really importantto do actuallywin. That combined will give you a good boost for the last year. You might have the highest profits with 0 advertising budget. If you will not be able to get a return on your investment over the remaining period, it might be a good idea to forego the upgrading process. Start Here: The Business Strategy Game Guide Site Map This is why building additional capacity is so important. This can get confusing at the beginning so here is a table to show you the process. As a company wants to be in every market, it will be important to . For long term celebrity contracts and endorsement, bid for them in the early stages of the simulation. After you are done, move on the left side and do the same for your internet sales. Hello, One week they might increase, the other they might increase by just a little or even decrease. Embedded in the magic numbers is a reinforced long-term money-saving strategy that will save you money every year forever! Business Strategy Game player with a career stretching back to 2006 and throughmultiple versions of BSG. Thanks! My group and I are also playing the new version of the game and were little bit lost. If I have further questions do you mind I ask you for help? The two most important values you want to have as precisely estimated as possible are the industrys average wholesale price and S/Q rating. The C.I.R on the other hand will give you a deeper look into market share, S/Q ratings as well as price. 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. But the plant page did say not recommend to build the plant so I was hesitating. Written by an Undefeated Business Strategy Game Grand Champion. Here are factors to be considered before picking a celebrity. So having understood what the image rating of a company is based upon, how can you improve it? Go ahead and try out which combination yields the highest profits. Especially with our high quality and low models strategy, this will be very beneficial and will safe you some money. Is there a strategy that will always win? The Models Offered estimate seems pretty fair and you do not have to worry about it. Otherwise you will not sell any shoe either. Learn a little more about the theoretical concepts behind the game in our Free MBA course. It makes sense; the more ads you run, the more your celebrity endorsement will be seen and the more effective it is. What Poker Strategists Say Poker is an incredibly strategic game and as such, there's a lot to learn from its big players. Which is better, cost leadership, integration, or differentiation? 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. Otherwise, their endorsement effect declines. Buy I have quite a lot ending cash. There is a huge difference of learningHow To Winand learning the basics of the game. I guess because i grew too fast last week, this weeks net profit is negative (I didnt make any adjustment yet). Then, after a lot thought on the matter, I devised an easy method for taking full advantage of currency fluctuations. 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! And it is pretty difficult for other teams to see what you are doing to them before it is too late. 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%. For only $35, get instant access to the Business Strategy Game Guide. Do I need to change another setting on another page for this to remain positive? Oh, how I wish I had known all this before I began playing. The second part is the free site resources. While being in every market is a goal of a successful multinational company. Business Strategy Game Tips & Lessons Learned - YouTube Two of the most important things to do here are analyzing your competition and optimizing your values. Ship all the other shoes for the Europe-African warehouses and the Asia-Pacific warehouses from the Asian-Pacific plant. 4. These games often involve managing resources, making . 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 can do this by paying off your loans at the earliest possible time. 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.