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. Hi. The C.I.R on the other hand will give you a deeper look into market share, S/Q ratings as well as price. Take advantage of my highly-guarded distribution decision strategy that Ive used to reap the benefits of the complex tariff rules and exchange rates. Purchasing capacity is 20% cheaper than building new capacity on your own. In the upper left box, you have available sources of additional cash. Buy Now with PayPal. For this blog post, I will concentrate on the high-quality + low model strategy. Do not sit on it. Which is better, cost leadership, integration, or differentiation? PS: I do the 5-year-loan 12,000k in Y11 (7% interest); In year 12, I paid #1 Long-Term (early payment) 12k at 8.2% AND borrow 70,000k 5-year-loan at 4.5%. I just have a quick question. NEVER do this. If you have your AP price set to e.g. However, there are still some other voluntary decision that will prepare you for future decisions. 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. So I doubt on his strategy. Created Oct 30, 2013 Restricted 753 Members 5 Online Moderators Moderator list hidden. You will also receive a copy of Currency Made Simple. 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. World's #1 Business Strategy Game - Capitalism Lab 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. I guarantee or your money back (with a 100% success rate so far) you'll win the game with the purchase of the guide. Free shipping will most likely not increase your profits. 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. Any advice? I promise you my techniques and tips are fully replicable and have kept me theundefeatedall theseYears! 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. Even though this game is said to be a business simulation, get rid of the thought that all decisions have to make sense and be logical. If you see little action on the celebrity market, go ahead and get your celebrities for the lowest price possible ($500). 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. Hello. After you have done this, you might notice that your Your Estimate of the Ind. You can decide to sell or purchase available capacity, upgrade your plants, build new plants in other regions, or add capacity to already existing plants. So when following the steps described above, you will have positive ending cash really soon again. Heres What You Get in The Ultimate BSG Solution Monster Package: The Ultimate BSG Solution Guide was written by an old established BSG Grand Champion. Download Magic Year 11 Secrets Revealed NOW. I would like to ask you about the Dividends. Here's a free video of things to watch out for while you are running your shoe company and competing in the BSG. What Poker Strategists Say Poker is an incredibly strategic game and as such, there's a lot to learn from its big players. Everything else like earnings per share (EPS), return on equity (REO), and image rating (IR) will automatically follow. Like I said before, you should be building capacity, yes. Using Game Strategies to Get Ahead in Business - CEO Hangout 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. In the first few years, this will be pretty difficult to determine. For your company to stand out, it should ideally have an image rating of 70 and above. Do the same for your E-A and A-P volumes and plug them into the A-P manufacturing slot. At the end, I increased dividends to boost my ROE. Hence, keep track of the industrys internet price and how it changes. Hello. However, I would recommend not taking out any loan if possible. Choosing the correct financial approach, among other things, made a huge difference. But again, thanks! Based on the kind of approach you will use, you might find it useful to keep some of the costs low. However, after 3-4 years, your competitors will settle and changes will be more predictable. You can also pay dividends to your shareholders. gorilla on your side. Business Strategy Game Help - reddit WINBSG.COM: Win the BSG Business Strategy Game - Discussing effective So, why not win the Business Strategy Game and stop your worrying. Your interest rates depend on your credit rating and the duration of your loan. Please delete one if there is an extra comment. 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. I started with paying $0.05 dividends and increased it by $0.05 every year. Company operations are patterned after It might be tedious work and consumes a lot of time, but it will definitely worth it and will let you win the BSG. This will lead to greater visibility for your company and thus a boost in the image rating. All the while you get lost on what was really importantto do actuallywin. However, if you happen to use overtime at either of the two plants, plan on increasing the plants capacity in this decision round. Here, you are treated like a star. If you tweak those numbers, your demand will adjust accordingly. 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. 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. We will now look at all the decisions you have to make to actually play the game and be successful with your strategy. Dave Mar Virtonomics. If you demand for branded production is met, put everything else into private label to make sure you dont have unused capacity. I am a Business Strategy Game Grand Champion. The information is these guides is laid out, and displayed, in such a way that crucial decisions should be a breeze. Theres everything explained in detail. But it is definitely worth it. Is your strategy also works for my situation? I cannot make any money there. You possible might decrease your net profits with this, but it is definitely worth it and will pay off in the long-run. When there is a change in any aspect of operations it should be implemented upon approval of all the members. R.O.E is the measure of the ability of a company to generate profit. You should slightly increase your dividends year by year. 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. Now, I am worried about the future rounds. The higher your celebrity endorsement value for a specific region, the more your advantage in attracting buyers to purchase your branded footwear. Hi, thanks for the great strategy! When you are deciding whether to upgrade your plant capacity, time is an essential factor. Use the remaining 30% capacity to sell shows in private-label! Before you even start plugging in any numbers, it is important that you decide for a strategy to pursue for the game. 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. I will talk about the Celebrity Endorsements page later. Thank you so much! Ive turned dead-last severely bankrupt companies into Industry Champions with just two years left in the game. 16 Business Simulation Games for Entrepreneurs More capacity also brings down your costs. You basically determine and run the market. From experience Id say tho that it is already too late to adjust to my strategy presented. Any questions you have or any problems you encounter,you can get my expert advice asa BSG Grand Champion. For long term celebrity contracts and endorsement, bid for them in the early stages of the simulation. Learn how your comment data is processed. Let me ask you this. However, to be able to do so, you need available capacity. Does it hurt any other factors? I will explain soon, how to increase plant capacity and why we need the capacity for private label. Some students even let it ride without making ANY decisions for years! Repurchasing stock will boost both your EPS and ROE. . 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! I am currently dominating my industry, and closing in on the top 100 list! Those that havent played the BSG Online yet and are researching online for every advantage they can find. This like a trial and error process and does not necessarily have to make sense. 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. Sounds good, congrats! My guide follows the rule highest net profit is key to success. I always went with 500 every second year, but it depends on your market and competitors. 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. 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? Do this for all four regions. sales volume estimate. Yes, I am talking about the www.bsg-online.com for 2023. On this page, you will set your values for your branded production. Also do you know the cost of building additional capacity. You will also receive a copy of Currency Made Simple. 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. Do not focus too much on Ending Cash, but keep focusing on Net Profit, try to increase that over each years. Hi. 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. . I am in Y12, and I am adjusting for Y13. Thats a game changer!! Business Strategy Game Tips - . It is definitely around 1.2 though and I recommend starting off with this value. You basically do the same thing over and over again, for every decision round. Complement each other. BSGTips.com is a proven guide (written by a Business Strategy Game Grand Champion) on how to win, not just how to play. I now have another question about capacity. BeatBSG: Beat The Business Strategy Game Ideally, you can cut your employees wages and will increase profit. Go ahead and try out which combination yields the highest profits. 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. You might have the highest profits with 0 advertising budget. Here are some of the best tips for accelerating your business. The first is the paid guide. Okay! The private-label market is a very nice opportunity to gain an advantage off your competitors and take their market share. But strategy wise I always sticked to my maximum net profit strategy which you can do no matter your competitors strategy. Again, it is important that you keep in mind to optimize your profits. Promise I wont have tons of question haha. They WILL work for you too and can adapt to EVERY situation. In addition, the company resembles an athletic footwear company with plant operations instead of outsourcing . Learn a little more about the theoretical concepts behind the game in our Free MBA course. The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. Im not talking about theory and how to play; Im talking about a proven system that helped me become Business Strategy Game Grand Champion. Leave everything else unchanged. 6 Effective Business Simulation Games Teaching Strategies And then I would just follow my tips and adjust all other values to maximize profits. and L.A. in North America to reduce costs because ofNAFTA. If Im wrong, Ill post another comment. 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 It is best to build only as much capacity as you can afford without taking any loans. BSG Guide - How to Win the Business Strategy Game Understanding all these reports will help you stay ahead of your competition as well as come up with the strategies that will enable you to perform better in the simulation. Players must make decisions to build brand loyalty by improving . 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. Thats one of the things you should never do because you can always use capacity. Looking at the North America column, you now have to plug in your values for Wholesale Price, S/Q Rating, Models Available, etc. 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. Hi Lee, Finished top 3 the first time and we are currently in 2nd place through 5 weeks for our current simulation. The only thing you wont get is Magic Year 11 Secrets Revealed.Dont Wait! You need the capacity for the private label market. 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. This can get confusing at the beginning so here is a table to show you the process. Market share is not crucial for your success in the BSG, but profit is. Especially with our high quality and low models strategy, this will be very beneficial and will safe you some money. . Sometimes thats cutting expenses, sometimes thats increasing expenses (even though it might not make sense at first). that helped me become Business Strategy Game Grand Champion. Since youre only in the second year, I would honestly decrease your models to 50. Hence, try to keep your internet price at least 40% higher than your wholesale price. What I like about my strategy is that you do not necessarily have to keep an eye on your competitors. One week they might increase, the other they might increase by just a little or even decrease. If you have more cash available, go ahead and spend it for either one of the other options. This is because your competitors are adjusting and trying to find their strategy. 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. You Get ALL This For The Extremely Low Price, I understand that it only takes 10-15 minutes to put theMagicYear 11. numbers in the right spot to make me Industry leader Instantly! Learn tips & tricks, from a BSG Grand Master! 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. I have placed this manual and an easy-to-use currency spreadsheet on this site for you. Max OUTyour production with the high quality shoes at the lowest possible cost. It will give you some immediate tips you can implement to start off on the right foot or begin turning things around. 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. Using this as a base strategy has yielded good results in my experiences. There are tons of possibilities in the Business Strategy Game, and the wrong strategy in the wrong circumstance willCOST you the game. Hi there! The Business Strategy Game is a real world - real life management simulator where students BSG login to learn about essential business concepts like cost focused strategy, broad differentiation strategy, generic strategy, focused differentitation strategy, and low cost strategy. In the upper right box, you can spend your excessive cash. Okay! You can do this by paying off your loans at the earliest possible time. And he also purchase 4000 capacity in the first year but no advertising expenses. Aim for a higher credit rating of B+ or above. Sometimes, clearing your beginning inventory at a discount will boost your profits. You have to dissect your competition and forecast their every move. The knowledge to exasperate competitor weaknesses and curb competitor strengths lies in the strategic knowledge in the model. Yeah I will hold on to that for now. Instantly Jump Your Business Strategy Game Score 10 Points for FREE! If you add capacity it will show you the price. This means, you decide about the S/Q Rating of your branded pairs produced and your compensation and training for your employees. The best Business Strategy Game Guide| BSG Help | BSG Guide However, try your best. Yes, despite your competitors building capacity as well, I recommend increasing capacity in a reasonable amount. The BSG Game went through a major revision in the beginning of 2019. You are now all set to dominate your industry and win the BSG! If you bid on multiple celebrities, it is good to set a ranking priority and a spending cap so that you do not spend more money than you want or have available. How important is image? I have also included a Special 30 minuteAudio Companion for the Magic Numbers that is great for Year 11 starters! If numbers do not add up correctly and your total pairs shipped do not match your total pairs available, go back to the Branded Distribution page and adjust your numbers accordingly. From this highest whole dollar amount, I plug in every possible value around it and find the price that yields the highest net profit. However, with a reasonable price. After you have done this for both the N.A. Play the game multiple times and try to refine your strategies and entrepreneurial skills with each attempt. Were at the middle of the pack and wanted the best strategy to move up the ranks. Business simulation games allow you to experience certain aspects of running a business in a completely virtual, consequence-free environment. 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? If you really need money, I would rather advise you to issue some of your stock. Buy I have quite a lot ending cash. Then, you want to plug in your L.A. total sales volume estimate into theproductionslot for North America as well and add up your reject rates. 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. This also means that players have a limited number of options which creates a glass ceiling and sets the tone for the rest of the game.The first years of a Business Strategy Game is fairly fragile and any major mistakes will leave permanent scars. In Y12, I paid early payment 12,000k at 8.5% and continued borrowing 70,000k at 4.5% for 5-year). How Much Capacity Should My Company Have? BSG Report, Part 2 - BeatBSG I am having trouble getting my company back into the positive ending cash after taking out a loan. In addition, your Retail Outlets values should always be the highest number possible that you are allowed to enter. Increase S/Q ratings? Yeah I had that in the first weeks as well. Personally, I would do a higher SQ to start things out while you are building capacity to match the low quality-high model approach. 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. Every single member should be given the venue to express their thoughts clearly. Whether a member is suggesting a different. What should I do for year 12 and 13? Selecting the members that will form your team is very crucial as you will be working together to ensure the success of your company. Also, I suggest not decreasing your dividends. PDF The Business Strategy Game - California State University, Northridge We got our act together and began to study the game. Login Scroll Down Your browser does not support the video tag. No spam. So, play around and find the best combination for your given S/Q rating that yields the highest net profit. 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. The ULTIMATE Business Strategy Game BSG Guide - 2023 - YouTube You might think that using green footwear materials or using recycled boxing / packaging is a good decision, especially with the currently ongoing environmental debates. Can you tell us more about the strategy you had ? Percentage of Superior Materials, Number of Models, Enhanced Styling / Features, TQM / Six Sigma Quality Program, and Best Practices Training all affect the S/Q Rating. You have successfully adjusted to your competitors. im at year 17 and perfect score twice, 1st in last 3 years and 2nd twice. congrats on your success! Now, decide to which region you want to ship your private-label shoes. With this, they raised the global capacity to 30,000 when the potential global demand (including private label) is only 24,218. 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. So far I have only build a 1000 EA plant and additional 500 NA plant. This is where consumers get the best quality of footwear at the lowest possible price, therefore ensuring value for their money. However, keep in mind that your regional endorsement value should not be higher than 400 in any region. So the question is: would you recommend for my team to still increase capacity despite this fact? However, it will also decrease your ending cash. Its not too late to do that yet. I mainly looked at what they were doing in the private label sector. I only ever paid attention to my profits and I never ever sold capacity. From the desk of: a Business Strategy Game Grand Champion. unfortunately I have no experience with adjusting to my strategy in the late-game. If not, see what positive percentage yields the highest profit for you. 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. 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. 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. You should pay attention that your S/Q Rating of Branded Pairs Produced matches your value on the Sales Forecast page. In conclusion, while the BSG simulation requires tact and strategy, employing the above tips will help you get a better sense of how the game works and incorporating them into your strategies will boost your overall performance. havr the highest stock price, image rating at 90, A+ still, and double digit EPS. Global Top Performers I highly recommend starting below with my free tips guide. as I described in my post, Id go with the low models, maximum profit strategy as it is easy to follow and you determine the market. I adjusted a little bit and the forecast is now close to previous years. 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. By clicking on the Purchase Capacity button, you can see whether someone else did the mistake and sold capacity. However, my net profit is still negative even after i have adjusted the private-label. My undergraduate business strategy teacher made us play the BSG-Online simulation for 40% of our grade. Is there anyway to increase the demand for my shoes in the internet/wholesale markets? I like to have around $8-10 million ending cash available after all my decisions are made. Otherwise you will not sell any shoe either. Oh, how I wish I had known all this before I began playing. Should I continue expanding NA or AP and by how much? Increase models? So, should I decrease pay dividends here to $0.15? I would always encourage you to bid on available celebrities. 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. Five years ago, I was sitting in a similar situation as you. Its not too bad, no worries. With our strategy, you might want to think about getting Option A as well. The BSG Ultimate Solution isTHE ONLYGUARANTEEDone-way ticket to winning the BSG. And you said I should only add capacity onto existing ones instead of building a new one in LA right? I am so thankful for your post!!!!!!!!!!!! The Business Strategy Game - Competing in a Global Marketplace 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. 39K views 1 year ago #businessstrategygame Here is my ultimate guide to help you ace the Business Strategy Game. Business Strategy Game Tips Guide Introduction Video I wish you the best of luck for your game. That combined will give you a good boost for the last year. Fin. Do you know why is that? Business strategy games are a type of computer or board game that simulates the decision-making processes involved in running a business. Do this for all the four regions. You now have an estimate of how many shoes you are going to sell in each region. On initial input of the change there was a big boost to my numbers, but when I left the page the game suddenly dropped my numbers below my original ones. It makes sense to do the upgrade before adding capacity. Ship all the other shoes for the Europe-African warehouses and the Asia-Pacific warehouses from the Asian-Pacific plant. Paying off these loans in advance has the advantage that you will pay less interest over the coming years. It took me years to learn this and it would take you years as well but,I know you dont have years. Select +2% for the Percent Change in Competitive Impact of All Other Factors from Previous Year. First, click on the Adjust Competitive Intensity button that can be found on the top middle of the page. Right now I am doing the second year decision, Im doing star 8 and 100 models, did 7 stars and 100 models in first round and the result was not very good. Turn delivery time to four weeks because it has no noticeable effect on sales but significantly affects EPS and Net Profit. Business Strategy Game player with a career stretching back to 2006 and throughmultiple versions of BSG. 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. Period. Currently, were selling 150 models.
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