If you see little action on the celebrity market, go ahead and get your celebrities for the lowest price possible ($500). Based on the kind of approach you will use, you might find it useful to keep some of the costs low. 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'm back with this updated video full of helpful tips so you can tackle the. This can be a very tricky decision and you need to analyze your competitors prices. I started with paying $0.05 dividends and increased it by $0.05 every year. Turn delivery time to four weeks because it has no noticeable effect on sales but significantly affects EPS and Net Profit. 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. I dont know why the game suddenly changed your numbers but I recommend using every last bit of your capacity. I cant seem to find it. 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. When you found the best combination to produce your shoes at the lowest cost possible while meeting the S/Q rating requirement, move to the Private-Label Bids section. Good communication skills. On this page, you will optimize your entries and toggle each value until your reach the maximum profit possible for each entry. That summer, I played in the Business Strategy Game Best Strategy Invitational (BSI) and won that as well. I guarantee or your money back (with a 100% success rate so far) you'll win the game with the purchase of the guide. Paying off these loans in advance has the advantage that you will pay less interest over the coming years. After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. For further explanation, please read my blog post. Make year 11 EASY on yourself and learn how the game is played. In this blog post, I will run you through everything important that you have to know about the BSG and how to win it. I recommend building additional 1,000 capacity for the North American plant in the first year, if your cash balance allows it. 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. The profits of controlling the industry will help you win the business strategy game. The demand depends on your retails, price and quality. This will enable you to tap into the different unique abilities of each of the members thus strengthening your team. 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. This is extremely easy and if thats all you want, then grab The Ultimate BSG Solution right now and guarantee your success. You want to setEthics Training / Enforcement to All Employees and Workforce Diversity Program to Yes. There are tons of possibilities in the Business Strategy Game, and the wrong strategy in the wrong circumstance willCOST you the game. Your Delivery Time should be set to 3 weeks. When there is a change in any aspect of operations it should be implemented upon approval of all the members. A quick e-mail to your inbox. Develop a fictional startup in a choice of industries, playing in modes including entrepreneur, business war or Virtonomics tycoon. Again, it is important that you keep in mind to optimize your profits. Your interest rates depend on your credit rating and the duration of your loan. 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. The styling/quality (S/Q) ratio of the business venture in the different geographic locations they operate in. So I run into problem again! You are now done with your private-label decisions and all significant decisions that affect your net profits. Try and set it to Yes. So, should I decrease pay dividends here to $0.15? What will I get for my $48? Buy I have quite a lot ending cash. That combined will give you a good boost for the last year. Entering year 15 I am still doing 8 star but the demand forecast is super low. I only ever paid attention to my profits and I never ever sold capacity. This will save you money in the long run and at the same time boost your credit rating positively. 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. I was thinking about building a LA plant because I took the majority of private label there last year. Again, maximizing net profit is all you care about with our strategy determined at the beginning. The Business Strategy Game BSG is a PC-based exercise designed to mirror the real-world features of the competitive athletic footwear industry. The Capitalism series is widely regarded as the best business strategy game series ever created. 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. BSGTips.com is a proven guide (written by a Business Strategy Game Grand Champion) on how to win, not just how to play. Virtonomics. Let me walk you through the various decision pages and explain you how to optimize each entry. You basically determine and run the market. Celebrities will enhance your marketing efforts and help you sell more shoes. If you have your AP price set to e.g. If this scares you, it should. 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. Every single member should be given the venue to express their thoughts clearly. My friend and I walk through the simulation on how it works. You have successfully adjusted to your competitors. 2. In addition, you have the option to repurchase your stock. Dave Mar Pay attention to the plant upgrade options as well. Which wholesale are you referring to? Two of the most important things to do here are analyzing your competition and optimizing your values. I am a Business Strategy Game Grand Champion. Thank you so much for your reply! that helped me become Business Strategy Game Grand Champion. Be in it for the long haul Your competitors are most likely looking for this information too. Yeah I had that in the first weeks as well. Switch between different advertising budgets to see which strategy will be the most cost-effective to capture the target market at the best price. How important is image? In this package you get TheUltimate BSG Solution Guidealong with theIndustry Champion video. 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. In this section, you can upgrade your plants. I am getting my butt kicked! Company operations are patterned after For this blog post, I will concentrate on the high-quality + low model strategy. In the first years, the estimate of the industry average might be a little off the +2%. I will just adjust it first and see what happens, thanks a lot:). But it is definitely worth it. However, try your best. Or you have read it but still do not know what strategy to pursue or what is going on? 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.) For many students, winning the Business Strategy Gamecan be the difference between PASS and FAIL. So, multiply your sales volume for the wholesale segment for each region by 1.2. So having understood what the image rating of a company is based upon, how can you improve it? This Reddit is dedicated to help undergraduate and graduate students excel at the McGraw-Hill Business Strategy Game or BSG-Online. However, you can successfully apply most of the following tips to either strategy. is it because I need to add capacity? Hi, so idk what i may have done LOL, Hello, may I ask my is not that great at the moment and we are onto year 13 which is like 2nd year maybe of the game and i try my best to like follow your tips though not as fully cause I still dont understand much especially the calculation one a bit confusing cause I am bad at that, so far I have 7 s/q rating though I am unsure should I do lower models or not cause I am afraid it might not be enough for profit and all because most I see at average of rating and high models , I was wondering what can I do to make it better? 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? Always keep that in mind when formulating your strategies and leave room for adjustment where necessary. 39K views 1 year ago #businessstrategygame Here is my ultimate guide to help you ace the Business Strategy Game. Business strategy game. I see this every semester, and you dont want it to be you. Other teams in your industry wont stand a chance when you unleash the tactics we teach. Learn a little more about the theoretical concepts behind the game in our Free MBA course. Well some Industry Champions have such an easy time winning because the people theyre going up against simply didnt care about the BSG. Like I said before, you should be building capacity, yes. Let me ask you this. This will lead to greater visibility for your company and thus a boost in the image rating. Its a lot of trial and error until you find the best possible value and it takes a lot of time at the beginning. Here, you will decide for how much your shoe is going to sell. Which is better, cost leadership, integration, or differentiation? 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. I have experienced different behavior with bidding on celebrities. 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. Setting up a successful business requires time, money, a lot of hard work . Learn tips & tricks, from a BSG Grand Master! of what decision year youre in, how bankrupt you are, or if your company is dead last right now . Thank you so much for your suggestion! What is this Currency Made Easy! 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. (In Y11, I did the 5-year loan with 12,000k (7% interest). Dont blindly waste recourses on a celebrity tag; be strategic to make sure you will get the return on investment. MyNewVideo Guide leaves nothing to the imagination. Ive played the Business Strategy Game many times through and have completely dominated my opponents every single round of every single game. However, keep in mind that your regional endorsement value should not be higher than 400 in any region. Profit is the key to success in this game! After you have calculated your new regional wholesale sales volume, add the regional internet sales volume to it. 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. Beat the Business Strategy Game. 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. Set your price to whatever maximizes your profits. Period. Does it affect any other factors? Strategies, decision screens, reports and tests. From this highest whole dollar amount, I plug in every possible value around it and find the price that yields the highest net profit. As I played the game, I discovered that I could use some fairly simple math to massively increase my game score. With our strategy, you might want to think about getting Option A as well. For long term celebrity contracts and endorsement, bid for them in the early stages of the simulation. 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. Theres not right amount of capacity you should purchase. My team and I started the game with minimal knowledge and flailed for the first three decision rounds. and why do I want it? You will also receive a copy of Currency Made Simple. Im not talking about theory and how to play; Im talking about a proven system that helped me become Business Strategy Game Grand Champion. Embedded in the magic numbers is a reinforced long-term money-saving strategy that will save you money every year forever! havr the highest stock price, image rating at 90, A+ still, and double digit EPS. For only $35, get instant access to the Business Strategy Game Guide. 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. 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. 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. 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. When coming up with a CSR initiative, ensure that the budget can be sustained over time without burdening the company. If this is still not enough, add the missing shoes to the other plants Branded Pairs to be Manufactured in Year XX number. I wish you the best of luck for your game. Hello. Look over the shoulder of a Business Strategy Game Grand Champion and see how he pulled off his overwhelming victory. im at year 17 and perfect score twice, 1st in last 3 years and 2nd twice. You are playing the BSG but do not want to read the 35-page Players Manual? Most of the decisions you can make here are a waste of money and will not benefit your company. However, you should keep on thing in mind: Your internet price should ideally be 40% higher than your wholesale price. Obviously, the other teams and their decisions will play the biggest role in how you play the game, but this is a good starting point for how the game works and . 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%. So where to look at this thing, as soon as you start the BSG Online Game. Hello, Thats the highest achievement you can attain. Here, you have the opportunity to sell your existing capacity. if you have left over inventory, you should either work on your numbers as I described in my post or put the left-over shoes into private-label. 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. Let us move on to the tricky part of this decision page. Hence, make sure to plug in every possible value to reach the highest net profit possible. . 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. Personally, I would do a higher SQ to start things out while you are building capacity to match the low quality-high model approach. One week they might increase, the other they might increase by just a little or even decrease. Yes, despite your competitors building capacity as well, I recommend increasing capacity in a reasonable amount. Hello. 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. 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. These are some of the tips you can use to win the business strategy game. 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. However, I would recommend not taking out any loan if possible. Helped me get to the second place! If I have further questions do you mind I ask you for help? I was wondering how much more additional capacity that I should purchase after Ive bought the first 1000 for NA. gorilla on your side. Here is a chart again tho show you the process: If your regular production capacity is not sufficient, use overtime. 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. I highly recommend starting below with my free tips guide. According to the change, you can estimate the next years average industry internet price and plug it in. 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. I shut them down fast and knocked them out of the running. The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. My direct competitor is now selling 8 stars with more than 400 models in wholesale so I think i will be at a even better position selling 50 models. We give you. 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. If you have any questions, comments, concerns, or feedback, click on my name below and Ill respond to you as quickly as I can. 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. If not, see what positive percentage yields the highest profit for you. Weve heard countless horror stories of students not taking the BSG seriously and failing the course as a result. You need the capacity for the private label market. In addition, the company resembles an athletic footwear company with plant operations instead of outsourcing . But strategy wise I always sticked to my maximum net profit strategy which you can do no matter your competitors strategy. You have to dissect your competition and forecast their every move. Like I explained in my blog post, do everything that is necessary to increase and maximize your net profits. Unused capacity kills your numbers and profits! I am so thankful for your post!!!!!!!!!!!! You are now all set to dominate your industry and win the BSG! I am in a box where every move I make to lower cost or shift production lowers my EPS or credit rating. Thanks a lot! 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. You can still ship pairs from LA to somewhere else if needed. It makes sense to do the upgrade before adding capacity. This isthe lazy wayof winning the Business Strategy Game and requires very little knowledge and effort on your part. Paying dividends will increase your stock price and your ROE. like should I just follow your tips through all because I kind of get on a bad start. 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. Copyright 2018 BGSTips.com | All rights reserved. Make all the decisions tactfully and base them all on research and not emotion. Hi Dennis. My group and I are about to complete year 17 for the game. Ive turned dead-last severely bankrupt companies into Industry Champions with just two years left in the 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. Again, try out each percentage for each region and set it to the percentage that yields the highest profits. And he also purchase 4000 capacity in the first year but no advertising expenses. In this article, you will explore some of the strategies and tips that should be employed to boost your winning chances. If after putting the above measures in place and your image rating lowers, consider increasing the S/Q of the shoes and indulging more in corporate citizenship behaviour. Most Industry competitorsarentable to replicate high results when they face tougher opponentsand have asimpleunderstanding of the Business Strategy Game. 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. 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 . When you are deciding whether to upgrade your plant capacity, time is an essential factor. Set Models Offered to 50 and Free Shipping to No. The private-label sector is something you do not want to miss out on, especially with our high quality, low models strategy. Dont be fooled by cheap imitations by common Industry Champions thatgloss over the obvious. The BSG Ultimate Solution isTHE ONLYGUARANTEEDone-way ticket to winning the BSG. As already mentioned earlier, not every decision has to make sense. Having an increased S/Q rating and lower prices boosts the image of the company positively. If you find capacity available for purchase, I would always directly purchase it. No spam ever. Advantage of this is, that you dont have to pay too much attention to your competitors. There should be a balance. I adjusted a little bit and the forecast is now close to previous years. But this year the shipping is too high from AP to LA so I cannot make any money from LA. Those that are already playing the BSG Online and perhaps want an edge over the competition. You said that the internet price should be 40% above wholesale. Ideally, you can cut your employees wages and will increase profit. . Business strategy games are a type of computer or board game that simulates the decision-making processes involved in running a business. Business Strategy Game Espanol (Spanish BSG Help ), Ayuda En Espanol Para La Simulacion Glo-Bus (Spanish Glo-Bus Help), Business Strategy Game En Franais/French, En Franais Business Strategy Game Assistance (French BSG Help), Business Strategy Game In Het Nederlands/Dutch, In Het Nederlands Business Strategy Game Help (Dutch BSG Help), Business Strategy Game Auf Deutsch/German, Business Strategy Game Auf Deutch Assistenz (German BSG Help).