Please post any information pertaining to: strategies, tips, final presentations, case studies, quizzes, etc. Waiting to buy them later will lead to an increase in their prices. Learn a little more about the theoretical concepts behind the game in our Free MBA course. Tips on How to Win the Business Strategy Game (BSG) - Top Academic Writers What is this Currency Made Easy! 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. Again, trying out different combinations and optimizing net profits is key for these values. However, do not forget to calculate your possible additional expenses for your celebrities. Use the remaining 30% capacity to sell shows in private-label! Important: Your Sales volume, not the production volume that includes the rejected pairs! 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. 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. On this screen, you can handle your financial decisions for your company. Thats a game changer!! Complement each other. I personally would not bid higher than $5,000 $6,000. BeatBSG: Beat The Business Strategy Game Stick in your e-mail address, and the tips guide will be in your inbox instantly. 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. Dont be fooled by cheap imitations by common Industry Champions thatgloss over the obvious. (In Y11, I did the 5-year loan with 12,000k (7% interest). While those two values do not change your S/Q rating, they will change your net profits. Max OUTyour production with the high quality shoes at the lowest possible cost. This can get confusing at the beginning so here is a table to show you the process. Once you have enough capacity then switch to low SQ approach. Beat the Business Strategy Game. 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 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. The demand depends on your retails, price and quality. Emerging on top of this simulation can be quite a challenge. $50.66 but $50.67 gives you higher profits, go for the higher prices. 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. PS: I left a comment, but I did not see it and thus retyped. Hi Lee, Apply the following tips to reduce some of the costs. 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. In addition, the company resembles an athletic footwear company with plant operations instead of outsourcing . If you tweak those numbers, your demand will adjust accordingly. Global Top Performers Advantage of this is, that you dont have to pay too much attention to your competitors. I recommend building additional 1,000 capacity for the North American plant in the first year, if your cash balance allows it. Although the big news for 2020 has obviously turned out to be the effects of the COVID19 coronavirus pandemic outbreak, many business students still have to struggle with the difficulty of playing the Business Strategy Game to get a good grade to graduate. I will walk you through each page chronologically. 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. Celebrities will enhance your marketing efforts and help you sell more shoes. This is very helpful. Learn More You then want to select 0% as the Portion of the $XX mil. Thanks for your strategy! What should I do for year 12 and 13? Theguide will show you how to make your company lean and agile to cope with the industrys marketplace. How to solves this situation ,have you given us any suggestion. You might think that using green footwear materials or using recycled boxing / packaging is a good decision, especially with the currently ongoing environmental debates. I will talk about the Celebrity Endorsements page later. You now have an estimate of how many shoes you are going to sell in each region. 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. 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. Your numbers might be a little bit off due to the reject rates. I was thinking about building a LA plant because I took the majority of private label there last year. Thank you, Fin! I will just adjust it first and see what happens, thanks a lot:). And Im so thankful for your post!!!!!!!! The two most important values you want to have as precisely estimated as possible are the industrys average wholesale price and S/Q rating. Choosing the correct financial approach, among other things, made a huge difference. If you find capacity available for purchase, I would always directly purchase it. Always keep that in mind when formulating your strategies and leave room for adjustment where necessary. Yeah I had that in the first weeks as well. Explanation of the Four Main Strategies of Business Strategy Game with their strengths and weaknesses based upon the Strategic Map, Detailed execution processes for each of the decision screens to produce enlightened results which answer questions, Discover how to become efficient in branded production, the best way to market your shoes, and which upgrades are absolutely ESSENTIAL for your given strategy, Three Year Plan rules simplified to attain the highest score your company can achieve, Business Strategy Invitational Insights for those who want to become Business Strategy Game Grand Champions, Academically proven for positively influencing new Business Strategy Game students to overcome the challenges of starting their company off on the right foot. The private-label market is a very nice opportunity to gain an advantage off your competitors and take their market share. So I doubt on his strategy. It's customized for you to run the company in direct competition with other class members. Created Oct 30, 2013 Restricted 753 Members 5 Online Moderators Moderator list hidden. Most of the decisions you can make here are a waste of money and will not benefit your company. Do not worry about those numbers, they will just show you whether your investment is profitable or not. So far I have only build a 1000 EA plant and additional 500 NA plant. You will also receive a copy of Currency Made Simple. Business Strategy Game | Play Free Online - MBA Crystal Ball This means, without increasing your superior material or enhanced styling / features, you gain 1 star. . 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. 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. Business Strategy Game (BSG). Do you have any tip/tricks on - reddit BSGTips.com is a proven guide (written by a Business Strategy Game Grand Champion) on how to win, not just how to play. I followed your recommendations, and I have a good rank. Like I explained in my blog post, do everything that is necessary to increase and maximize your net profits. The rule of the game is to compete with the other students' teams to stay ahead to gain a competitive advantage over other teams. Company operations are patterned after 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. Do this for all the four regions. 7 Winning Tips and Strategies for the Business Strategy Game (Bsg I would still go for the 50 models and make sure to buy or build capacity so you have enough for your private label. 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? Always Have A Backup Plan. I always went with 500 every second year, but it depends on your market and competitors. Thank you very much for your kind words! Yes, despite your competitors building capacity as well, I recommend increasing capacity in a reasonable amount. The Business Strategy Game BSG is a PC-based exercise designed to mirror the real-world features of the competitive athletic footwear industry. You are now done with your private-label decisions and all significant decisions that affect your net profits. Hi, For further explanation, please read my blog post. The Capitalism series is widely regarded as the best business strategy game series ever created. Dave Mar unfortunately I have no experience with adjusting to my strategy in the late-game. I guess because i grew too fast last week, this weeks net profit is negative (I didnt make any adjustment yet). If you demand for branded production is met, put everything else into private label to make sure you dont have unused capacity. First, click on the Adjust Competitive Intensity button that can be found on the top middle of the page. Thanks a lot! However, the private-label market is set up the way that only a limited demand is given each year. Private label will help you dominate your competition. Also do you know the cost of building additional capacity. This is also linked to having production facilities in that market to support it. Focus on Net Profit, ROE (very important), Credit Rating, Image Rating is quite easy to control and also Stock Prices. Strategy 1 - Align simulation with learning objectives. First, set your Number of Models to 50, as determined earlier at the Sales Forecast page. Then, just like you did before, plug in different values for your internet price and see, which price yields the highest net profit. A quick e-mail to your inbox. If you have your AP price set to e.g. I started with 250 models and S/Q rating of 5. Pay attention to the plant upgrade options as well. 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. 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. Here is a chart again tho show you the process: If your regular production capacity is not sufficient, use overtime. Two of the most important things to do here are analyzing your competition and optimizing your values. No spam. Similar to the branded production, try out the different values to see which combination will give you the lowest Average Production Cost value for your plant and hence, the highest profits. No worries, it will be easier after the first few years. 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? Login Scroll Down Your browser does not support the video tag. Dont believe us, just try below. This decision page deals with your plants. 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. Should I decrease the pay dividends and do stock repurchase in Y13? 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. There are tons of possibilities in the Business Strategy Game, and the wrong strategy in the wrong circumstance willCOST you the game. But the plant page did say not recommend to build the plant so I was hesitating. I suggest you upgrade your browser. It only takes 10-15 minutes to put the numbers in the right spotsto make yourself an Industry leader. When contracting a celebrity, your advertising efforts in the Sales Forecast section should not be low. You need to get confidential,accurate,comprehensive, andreliablyup to dateinformation from a trusted andPROVENBusiness Strategy Game source. Repurchasing stock will boost both your EPS and ROE. I like to have around $8-10 million ending cash available after all my decisions are made. I would look at the Margin Over Direct Costs value at the very bottom of the page to see where it is most profitable to ship your shoes to. Here, you are treated like a star. For only $35, get instant access to the Business Strategy Game Guide. Weve heard countless horror stories of students not taking the BSG seriously and failing the course as a result. I suggest to go for maximum profits. In the upper right box, you can spend your excessive cash. You will soon know why. Play the game multiple times and try to refine your strategies and entrepreneurial skills with each attempt. 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. Anyone need help with BSG? : r/businessstrategygame - reddit I am a Business Strategy Game Grand Champion. Otherwise you will not sell any shoe either. 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. 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. Promise I wont have tons of question haha. 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. Do not focus too much on Ending Cash, but keep focusing on Net Profit, try to increase that over each years. Skip the fancy words so many other guides drone on about BSG, andget down to real execution of business strategy. 39K views 1 year ago #businessstrategygame Here is my ultimate guide to help you ace the Business Strategy Game. Buy I have quite a lot ending cash. So when following the steps described above, you will have positive ending cash really soon again. Because with more capacity, you can offer more pairs in private label and dominate the market there. Hello. Instantly Jump Your Business Strategy Game Score 10 Points for FREE! Hi, youre welcome. We will now look at all the decisions you have to make to actually play the game and be successful with your strategy. How did your 2nd decision go? construction cost to be financed with debt. To be a Business Strategy Game Grand Champion, you have to firmly understand every nitty-gritty little detail within the Business Strategy Game Manual. I am in Y12, and I am adjusting for Y13. It is a show to the investors whether their investment is performing well. This site uses Akismet to reduce spam. Currently, were selling 150 models. 6 Effective Business Simulation Games Teaching Strategies In the Private-Label Production field, use all your remaining available capacity, even overtime. At the end, I increased dividends to boost my ROE. Personally, I would do a higher SQ to start things out while you are building capacity to match the low quality-high model approach. 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. This is your new, more precise regional wholesale sales volume. It is definitely around 1.2 though and I recommend starting off with this value. You can still ship pairs from LA to somewhere else if needed. This can be a very tricky decision and you need to analyze your competitors prices. You will have secret access to private areas of the site and get to ask questions with my personal expert replies. Any advice? Start Here: The Business Strategy Game Guide Site Map 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 your company to stand out, it should ideally have an image rating of 70 and above. Sometimes thats cutting expenses, sometimes thats increasing expenses (even though it might not make sense at first). You might have the highest profits with 0 advertising budget. 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. After you have done this for both the N.A. The guide also features step by step instructions in how to manage decision screens in making the best decision. Any questions you have or any problems you encounter,you can get my expert advice asa BSG Grand Champion. 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. Theres everything explained in detail. What Poker Strategists Say Poker is an incredibly strategic game and as such, there's a lot to learn from its big players. However, if done right, it is worth the time as it will yield the maximum profit possible and success in your industry. How Much Capacity Should My Company Have? That summer, I played in the Business Strategy Game Best Strategy Invitational (BSI) and won that as well. Do not price your shoes too low, so that you will not make any profits with your sales. 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? Concerning changing others values, I recommend reading my initial post where I have explained everything in detail. 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. In this section, you can upgrade your plants. 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. I feel you. You will need those numbers later on. Paying dividends will increase your stock price and your ROE. If for whatever reason you arent satisfied with the guide, return it anytime for a full refund. 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. In any Business Strategy Game, including BizMAP, you will not get it 'right' in the first attempt. Select +2% for the Percent Change in Competitive Impact of All Other Factors from Previous Year. Your Delivery Time should be set to 3 weeks. You basically determine and run the market. Thank you so much for the good recommendations. Look over the shoulder of a Business Strategy Game Grand Champion and see how he pulled off his overwhelming victory. I recommend increasing capacity and keep focusing on your profits. The ULTIMATE Business Strategy Game (BSG) Guide Tutorial - 2022 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. Try out different combinations that keep you at 8* and the highest possible net profit. I dont know why the game suddenly changed your numbers but I recommend using every last bit of your capacity. 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.)
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