business strategy game tips

I am a Business Strategy Game Grand Champion. Contact the Grand Championand Learn more about the BSG. Make sure the celebrity is suitable in the geographical region you want them to endorse your shoes. The styling/quality (S/Q) ratio of the business venture in the different geographic locations they operate in. If I have further questions do you mind I ask you for help? Avg. values have changed. 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. It is definitely around 1.2 though and I recommend starting off with this value. Those that are already playing the BSG Online and are going bankrupt and/or are dead last. First, set your Number of Models to 50, as determined earlier at the Sales Forecast page. Again, it is important that you keep in mind to optimize your profits. Okay! 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. Optimizing your values is the essence of the game, even though it might be very time-consuming. You are playing the BSG but do not want to read the 35-page Players Manual? Paying off these loans in advance has the advantage that you will pay less interest over the coming years. 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 I personally find it easier to pursue and had more success with it in the past. In this package you get TheUltimate BSG Solution Guidealong with theIndustry Champion video. I guess because i grew too fast last week, this weeks net profit is negative (I didnt make any adjustment yet). Paying dividends will increase your stock price and your ROE. While your regional sales volume for the internet segment is a good estimate, the estimates for the wholesale segments are not. NEVER do this. And Im so thankful for your post!!!!!!!! Is there anyway to increase the demand for my shoes in the internet/wholesale markets? Otherwise, their endorsement effect declines. Yes, I am talking about the www.bsg-online.com for 2023. The value that yields the highest profit value is the one you want to go with for this decision round. If you're like most students though, you just want to win the Business Strategy Game, be crowned Industry Champion, get the grade, and move . Hence, find the combination that gives you the highest profit. I recommend increasing capacity and keep focusing on your profits. Oh, how I wish I had known all this before I began playing. Should I decrease the pay dividends and do stock repurchase in Y13? However, some values, such as the Wholesale Price have decreased instead of increased. congrats on your success! So I doubt on his strategy. This is very helpful. Business Strategy Game - Capitalism Lab. Exactly. However, to be able to do so, you need available capacity. I'm back with this updated video full of helpful tips so you can tackle the. Im giving away adeadly secretinsideMagic Year 11 Secrets Revealedthat will make a person number 1 almost no matter what. Like I said before, you should be building capacity, yes. (In Y11, I did the 5-year loan with 12,000k (7% interest). Learn the single most powerful strategic financial decision you can make that WILL, Discover why one business level strategy is FAR SUPERIOR to all the others and why you will surely lose if youre not implementing it, Learn in plain English what each decision screen does and the data thats important to manipulate to win, Learn how to pull yourself out of debt instantly even if youre bankrupt or dead-last, Learn which industry reports you MUST pay attention to and how to interpret them, Discover the single-most common mistake that students make and why you MUST avoid it at ALL COSTS, Learn which regions you should build factories in and which regions you should steer clear of. The profits of controlling the industry will help you win the business strategy game. Your Delivery Time should be set to 3 weeks. 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. For only $35, get instant access to the Business Strategy Game Guide. Do not worry about me skipping the Internet Marketing, Wholesale Marketing, and Celebrity Endorsements pages. But do whatever is necessary to maximize your profits. If you have any questions, suggestions, or comments feel free to comment and I will do my best to help you out. What Poker Strategists Say Poker is an incredibly strategic game and as such, there's a lot to learn from its big players. For further explanation, please read my blog post. I like to have around $8-10 million ending cash available after all my decisions are made. You do not want that to happen, especially because your internet sales only account for a small percentage of your entire sales. You can do this by paying off your loans at the earliest possible time. More than often they drone on and on about BSG, to the point, its barely relevant toimpress you with abunch of words. Written by an Undefeated Business Strategy Game Grand Champion. The C.I.R on the other hand will give you a deeper look into market share, S/Q ratings as well as price. Any questions you have or any problems you encounter,you can get my expert advice asa BSG Grand Champion. One option that you definitely want to purchase is Option C. Option C increases your S/Q rating by 1 star. Regardless of your scenario,having BSG Tips in your corner is like having an 800 lb. A quick e-mail to your inbox. The first is the paid guide. 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. Hence, make sure to plug in every possible value to reach the highest net profit possible. Does it affect any other factors? Sometimes, clearing your beginning inventory at a discount will boost your profits. Created Oct 30, 2013 Restricted 753 Members 5 Online Moderators Moderator list hidden. 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. But strategy wise I always sticked to my maximum net profit strategy which you can do no matter your competitors strategy. This site uses Akismet to reduce spam. 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. 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. 7 Winning Tips and Strategies for the Business Strategy Game (Bsg) 2022-10-12. Business strategy game Rating: 7,4/10 916 reviews. I cannot make any money there. No worries, this is logical and you did nothing wrong. 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 . 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 now have another question about capacity. Magic Year 11 Secrets Revealedgives you exclusive access to a tried, tested and provenlegitimatebase method for stuffing approximately $50,000 Net Profit in your first year. I am currently dominating my industry, and closing in on the top 100 list! You possible might decrease your net profits with this, but it is definitely worth it and will pay off in the long-run. How to solves this situation ,have you given us any suggestion. First, click on the Adjust Competitive Intensity button that can be found on the top middle of the page. The most important advice in advance: it is all about PROFIT. You need the capacity for the private label market. But the plant page did say not recommend to build the plant so I was hesitating. 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. Here's a free video of things to watch out for while you are running your shoe company and competing in the BSG. I am in Y12, and I am adjusting for Y13. Theres not right amount of capacity you should purchase. Try and set it to Yes. Thanks! 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. This is because your competitors are adjusting and trying to find their strategy. Authorize your construction and you save your decisions. Displaying corporate citizenship in a responsible and socially acceptable manner for not less than 4 years. The celebrity endorsement will work well only if it is boosted by aggressive advertising. It almost worked TOO WELL. Any advice? Do not worry about the Plant Capacity / Upgrades page. Ideally, you can cut your employees wages and will increase profit. 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? With my help, tips, techniques, and strategies, your competition doesnt stand a chance! I recommend building additional 1,000 capacity for the North American plant in the first year, if your cash balance allows it. I highly recommend starting below with my free tips guide. If you have any questions, feel free to come back and ask them. Most Industry competitorsarentable to replicate high results when they face tougher opponentsand have asimpleunderstanding of the Business Strategy Game. 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. However, if you happen to use overtime at either of the two plants, plan on increasing the plants capacity in this decision round. Repurchasing stock will boost both your EPS and ROE. We will now look at all the decisions you have to make to actually play the game and be successful with your strategy. Its not too late to do that yet. If you add capacity it will show you the price. Do not price your shoes too low, so that you will not make any profits with your sales. While those two values do not change your S/Q rating, they will change your net profits. Concerning changing others values, I recommend reading my initial post where I have explained everything in detail. Beating the Business Strategy Game About the Guide. . Business simulation games allow you to experience certain aspects of running a business in a completely virtual, consequence-free environment. However, with a reasonable price. I will talk about the Celebrity Endorsements page later. Other teams in your industry wont stand a chance when you unleash the tactics we teach. And it is pretty difficult for other teams to see what you are doing to them before it is too late. Thank you so much! 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. Im play a new version of BSG ,we have already completed year 17 and now our team have a problem with struck in the middle stage that cost cant decrease more and this year other company in the industry have a high SQ star and low cost (price war) that we cant fight them because our cost is too high. In Y12, I paid early payment 12,000k at 8.5% and continued borrowing 70,000k at 4.5% for 5-year). Personally, I would do a higher SQ to start things out while you are building capacity to match the low quality-high model approach. 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. These games often involve managing resources, making . You are almost done for the Sales Forecast decision page. Hi Fin, Thanks for the detail post and the screen shots. If I have cash available after doing all my decisions, I like to alternate between building additional capacity, purchasing plant upgrades, paying off loans and repurchasing stock in the following years. You can also pay dividends to your shareholders. However, try your best. The strategy utilized is broad and will allow your company to decide in what direction you want to take your company after to win Business Strategy Game. For only $35, get instant access to the Business Strategy Game Guide. So, why not win the Business Strategy Game and stop your worrying. The best business tip I have received so far is to have a backup plan for all your moves. It is not. If it is lower than 40%, your wholesale price will be in competition with your internet price. It typically keeps increasing until a certain price point and then starts to drop. I will explain soon, how to increase plant capacity and why we need the capacity for private label. Business Strategy Game Tips - . And you can basically never have enough capacity for private label. You will also receive a copy of Currency Made Simple. Emerging on top of this simulation can be quite a challenge. While they might boost your image rating, they will decrease your profit. im at year 17 and perfect score twice, 1st in last 3 years and 2nd twice. Hello. While being in every market is a goal of a successful multinational company. As I played the game, I discovered that I could use some fairly simple math to massively increase my game score. Almost done, the last decision page. Hi! Especially with our high quality and low models strategy, this will be very beneficial and will safe you some money. (0 for both stock issues and stock repurchase). I would always encourage you to bid on available celebrities. I only ever paid attention to my profits and I never ever sold capacity. When there is a change in any aspect of operations it should be implemented upon approval of all the members. Which is better, cost leadership, integration, or differentiation? My guide follows the rule highest net profit is key to success. you can SUCCEED in the Business Strategy Game by following my SIMPLE tips, advice, and strategies. I prioritize building additional capacity and purchasing plant upgrades. Dont let them beat you to it or you simply wont stand achance. But this year the shipping is too high from AP to LA so I cannot make any money from LA. The Business Strategy Game BSG is a PC-based exercise designed to mirror the real-world features of the competitive athletic footwear industry. Here is a chart again tho show you the process: If your regular production capacity is not sufficient, use overtime. Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. Period. Sorry for the late reply.. Been starting my new job and working a lot lately. After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. like should I just follow your tips through all because I kind of get on a bad start. It was set Pay Dividends $1.00, which turned out 20,000k in total. Your interest rates depend on your credit rating and the duration of your loan. Thanks a lot! Definitely helps! 39K views 1 year ago #businessstrategygame Here is my ultimate guide to help you ace the Business Strategy Game. Apply the following tips to reduce some of the costs. and why do I want it? It took me years to learn this and it would take you years as well but,I know you dont have years. Using this as a base strategy has yielded good results in my experiences. 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? During the entire simulation process, it is important to keep tabs on the company intelligence reports (C.I.R) and the company operating report (C.O.R) The C.O.R will give you insights into plant investments, labour statistics as well as data on plant capacity. You will have secret access to private areas of the site and get to ask questions with my personal expert replies. This is your new, more precise regional wholesale sales volume. In the first few years, this will be pretty difficult to determine. Important: Your Sales volume, not the production volume that includes the rejected pairs! Everything else like earnings per share (EPS), return on equity (REO), and image rating (IR) will automatically follow. I have also included a Special 30 minuteAudio Companion for the Magic Numbers that is great for Year 11 starters! sales volume estimate. To be an Industry Champion, you just have to beat your classmates but to be a Business Strategy Game Grand Champion you have to BEAT every single Industry Champion thats won the Business Strategy Game. However, you can successfully apply most of the following tips to either strategy. Yeah I will hold on to that for now. That being said, when you go with the strategy explained in my post, you will have maximized profits. It will give you some immediate tips you can implement to start off on the right foot or begin turning things around. Sometimes thats cutting expenses, sometimes thats increasing expenses (even though it might not make sense at first). When I played the game, I barely looked at what my competitors were doing. 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 ? I personally would not bid higher than $5,000 $6,000. 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? Be objective in your approaches from the beginning of the simulation right to the end. MyNewVideo Guide leaves nothing to the imagination. thank you:). 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. 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. 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. If you find capacity available for purchase, I would always directly purchase it. This is extremely easy and if thats all you want, then grab The Ultimate BSG Solution right now and guarantee your success. I am getting my butt kicked! You said that the internet price should be 40% above wholesale. When coming up with a CSR initiative, ensure that the budget can be sustained over time without burdening the company. What should I do for year 12 and 13? No worries, it will be easier after the first few years. I will walk you through each page chronologically. Do this for all the four regions. In the Private-Label Production field, use all your remaining available capacity, even overtime. Then, just like you did before, plug in different values for your internet price and see, which price yields the highest net profit. Like I explained in my blog post, do everything that is necessary to increase and maximize your net profits. That summer, I played in the Business Strategy Game Best Strategy Invitational (BSI) and won that as well. Hi Lee, Ship all the other shoes for the Europe-African warehouses and the Asia-Pacific warehouses from the Asian-Pacific plant. Market share is not crucial for your success in the BSG, but profit is. 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. You should pay attention that your S/Q Rating of Branded Pairs Produced matches your value on the Sales Forecast page. (Im adjusting for Y13 now). I am having trouble getting my company back into the positive ending cash after taking out a loan. Always Have A Backup Plan. I would still go for the 50 models and make sure to buy or build capacity so you have enough for your private label. If Im wrong, Ill post another comment. The higher your celebrity endorsement value for a specific region, the more your advantage in attracting buyers to purchase your branded footwear. Does it hurt any other factors? 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 . The knowledge to exasperate competitor weaknesses and curb competitor strengths lies in the strategic knowledge in the model. So I run into problem again! As much as expansion is important to the lifeblood of a company, if you are faced with a situation of people rapidly building a lot of capacity. Here are some of the best tips for accelerating your business. With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. I mainly looked at what they were doing in the private label sector. The private-label market is a very nice opportunity to gain an advantage off your competitors and take their market share. BSGTips.com is a proven guide (written by a Business Strategy Game Grand Champion) on how to win, not just how to play. After you have successfully plugged in your branded pairs that need to be manufactured for both plants, click the Save Decisions button and move on to the Branded Distribution page. Hi. 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! You might think that using green footwear materials or using recycled boxing / packaging is a good decision, especially with the currently ongoing environmental debates. Thank you so much for the good recommendations. Fin. For many students, winning the Business Strategy Gamecan be the difference between PASS and FAIL. Weve heard countless horror stories of students not taking the BSG seriously and failing the course as a result. To be a Business Strategy Game Grand Champion, you have to firmly understand every nitty-gritty little detail within the Business Strategy Game Manual. When you are deciding whether to upgrade your plant capacity, time is an essential factor. Unused capacity kills your numbers and profits! Use of my strategy creates a landslide effect that, as you can see, is very devastating to all opponents. Let us take a look at the Plant Capacity / Upgrades page first. More capacity also brings down your costs. If you see little action on the celebrity market, go ahead and get your celebrities for the lowest price possible ($500). I followed your recommendations, and I have a good rank. You are now done with your private-label decisions and all significant decisions that affect your net profits. If you have more cash available, go ahead and spend it for either one of the other options. I daily (thank you, Hootsuite, for making it so easy!) If this scares you, it should. I started with 250 models and S/Q rating of 5. Do not worry about those numbers, they will just show you whether your investment is profitable or not. However, you should keep on thing in mind: Your internet price should ideally be 40% higher than your wholesale price. Hi! What should I do in this case? I put $1.00 pay dividends, which turned out 20,000k in total. We had a bunch of copycats in practice year 12, but nobody has figured our profit-maximizing, low-cost strategy, and now theyre pursuing higher models in the real game.