The information is these . While being in every market is a goal of a successful multinational company. If you have any questions, suggestions, or comments feel free to comment and I will do my best to help you out. Once you have enough capacity then switch to low SQ approach. If you see little action on the celebrity market, go ahead and get your celebrities for the lowest price possible ($500). You possible might decrease your net profits with this, but it is definitely worth it and will pay off in the long-run. I was a poor undergraduate college student, too, at one point, and I understand your unwillingness to pay for an additional book. I personally find it easier to pursue and had more success with it in the past. 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. 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. Those are LEARNING REFERENCES written bycommonplace Industry Champions, which teach you how toplay. As I played the game, I discovered that I could use some fairly simple math to massively increase my game score. It will give you some immediate tips you can implement to start off on the right foot or begin turning things around. Here, you will decide for how much your shoe is going to sell. I am in a box where every move I make to lower cost or shift production lowers my EPS or credit rating. Do you have any suggestions? However, it will also decrease your ending cash. This has been very useful. We will now look at all the decisions you have to make to actually play the game and be successful with your strategy. The worst thing that could happenis you follow one of these guides to save a few bucks, to implement the strategiesThe Whole World Seesand end up LOSING the Business Strategy Game which may result in a low grade and possibly re-taking the class! I have also included a Special 30 minuteAudio Companion for the Magic Numbers that is great for Year 11 starters! At the lower half of the page, you also determine how many branded pairs you want to manufacture in each region you have a plant. How to solves this situation ,have you given us any suggestion. Should I decrease the pay dividends and do stock repurchase in Y13? Automated page speed optimizations for fast site performance, Capsim Winning Strategies and Simulation Tips, Leadership and Management Assignment Help. Thanks! Hello, Or you have read it but still do not know what strategy to pursue or what is going on? If youd like an overview of the content we publish, take a look here, and if youre interested in Glo-bus, start here. 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 will just adjust it first and see what happens, thanks a lot:). I daily (thank you, Hootsuite, for making it so easy!) What should I do for year 12 and 13? Hi Fin, Thanks for the detail post and the screen shots. It makes sense to do the upgrade before adding capacity. Yes, its not too late yet to follow through with my tips. Is there a system to beating the game? Looking at the North America column, you now have to plug in your values for Wholesale Price, S/Q Rating, Models Available, etc. The Models Offered estimate seems pretty fair and you do not have to worry about it. is it because I need to add capacity? SAVE TIME & PASS YOUR CLASS Amplify Your BSG Online Score: https://www.bsg-game.com/select-time Derek's "Pass Your Class Guarantee" . 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. In the Private-Label Production field, use all your remaining available capacity, even overtime. I guarantee or your money back (with a 100% success rate so far) you'll win the game with the purchase of the guide. You are now all set to dominate your industry and win the BSG! In this section, you can upgrade your plants. I'm back with this updated video full of helpful tips so you can tackle the. If it is lower than 40%, your wholesale price will be in competition with your internet price. 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? havr the highest stock price, image rating at 90, A+ still, and double digit EPS. By employing the best cost strategy. 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. By clicking on the Purchase Capacity button, you can see whether someone else did the mistake and sold capacity. Download Magic Year 11 Secrets Revealed NOW. You then want to select 0% as the Portion of the $XX mil. As I keep reading online about different strategies to win, there are some postings that are aligned with the strategy of low quantity of models offered at a high quality and keep increasing capacity. I hope that helps and good luck! Thank you very much for your kind words! Its a lot of trial and error until you find the best possible value and it takes a lot of time at the beginning. But if i decrease my model, I dont think I will be competitive enough to compete with him if he stays with his strategy, what do you think? 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. 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. Im not talking about theory and how to play; Im talking about a proven system that helped me become Business Strategy Game Grand Champion. When you sign up for BSG Tips, youre not alone. Helped me get to the second place! And it is pretty difficult for other teams to see what you are doing to them before it is too late. Hi, thanks for the great strategy! While your regional sales volume for the internet segment is a good estimate, the estimates for the wholesale segments are not. Thank you, Fin! Its not too late to do that yet. 5. 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. One week they might increase, the other they might increase by just a little or even decrease. After you are done, move on the left side and do the same for your internet sales. I am a Business Strategy Game Grand Champion. However, after 3-4 years, your competitors will settle and changes will be more predictable. Select from a pool of diverse individuals who will bring in different opinions and perspectives to the team. Before you even start plugging in any numbers, it is important that you decide for a strategy to pursue for the game. Take advantage of my highly-guarded distribution decision strategy that Ive used to reap the benefits of the complex tariff rules and exchange rates. With our strategy, you might want to think about getting Option A as well. And you said I should only add capacity onto existing ones instead of building a new one in LA right? And you can basically never have enough capacity for private label. Since youre only in the second year, I would honestly decrease your models to 50. PS: I left a comment, but I did not see it and thus retyped. That being said, when you go with the strategy explained in my post, you will have maximized profits. 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. To boost earnings per share (E.P.S) you can use the cash at hand to retire and repurchase any outstanding shares. In addition, the company resembles an athletic footwear company with plant operations instead of outsourcing . Please post any information pertaining to: strategies, tips, final presentations, case studies, quizzes, etc. I will walk you through each page chronologically. Your numbers might be a little bit off due to the reject rates. I cant seem to find it. Again, try out each percentage for each region and set it to the percentage that yields the highest profits. I have encountered two successful strategies so far: medium-quality shoes (S/Q rating of 5-6 stars) paired with high number of models (250-350 models) and high-quality shoes (S/Q rating of 8-10 stars) paired with low number of models (50 models). at least one of the two teams has an S/Q of 8* and low prices so far (yes, they are in first place for now) what do you think we should do?. So your costs will be relatively low as well and the private label will be a very important factor of yours. More capacity also brings down your costs. The celebrity endorsement will work well only if it is boosted by aggressive advertising. First, set your Number of Models to 50, as determined earlier at the Sales Forecast page. Thank you! You will get the hang of it after the first few decision rounds as it is always the same procedure. Pay attention to the plant upgrade options as well. honestly i started with 150 models at 6 stars and went to 200 and 7 stars, 8 in private label. Increase models? Using a game strategy to push a business forward is a different approach, but it has been proven successful for many. Created Oct 30, 2013 Restricted 753 Members 5 Online Moderators Moderator list hidden. Aim for a higher credit rating of B+ or above. Business Strategy Game player with a career stretching back to 2006 and throughmultiple versions of BSG. I include tons of free information to give you a leg up on your classmates on my blogroll. After you have done this for both the N.A. I recommend building additional 1,000 capacity for the North American plant in the first year, if your cash balance allows it. Let me walk you through the various decision pages and explain you how to optimize each entry. With my help, tips, techniques, and strategies, your competition doesnt stand a chance! Hi You have to base it off the HIGHEST wholesale price, just to be safe Like that, all 4 regions are guaranteed to be 40% above wholesale price. Which wholesale are you referring to? Always keep that in mind when formulating your strategies and leave room for adjustment where necessary. 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! Use of my strategy creates a landslide effect that, as you can see, is very devastating to all opponents. Yeah I will hold on to that for now. In my opinion, I believe the other teams are thinking on exploit the private label. How can I increase my game score? I am on my second year and I have negative income right now, any tips on how to get in the positive? I would always encourage you to bid on available celebrities. The higher your celebrity endorsement value for a specific region, the more your advantage in attracting buyers to purchase your branded footwear. Be objective in your approaches from the beginning of the simulation right to the end. Your interest rates depend on your credit rating and the duration of your loan. Those that havent played the BSG Online yet and are researching online for every advantage they can find. 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. 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. After you have decided to which region to ship your shoes to, go ahead and set your Superior Materials Usage value and your Enhanced Styling / Features value. 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. After watching this comprehensive 75 minute video I haverecentlyfilmed, you will know exactly what you need to do to be successful. One time, I was able to increase my net profit by lowering TQM / Six Sigma Quality Program to $0.20 and increasing Percentage of Superior Materials to maintain my S/Q Rating. However, do not forget to calculate your possible additional expenses for your celebrities. But again, thanks! Like I explained in my blog post, do everything that is necessary to increase and maximize your net profits. Period. Displaying corporate citizenship in a responsible and socially acceptable manner for not less than 4 years. 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. gorilla on your side. Stick in your e-mail address, and the tips guide will be in your inbox instantly. Do not worry about the Plant Capacity / Upgrades page. You are almost done for the Sales Forecast decision page. AcquireThe Edgethat separates aGrand Championfrom an Industry Champion. It will be very helpful for us and will be very grateful Do you still have your upload reports of all your years ? I recommend increasing capacity and keep focusing on your profits. You can only do one upgrade at a time in each region and a total of two updates per region. But do whatever is necessary to maximize your profits. Start off with the values that you know for sure: For the high quality, low models strategy, I recommend starting off with a S/Q rating of 7 stars and 50 models available. In addition, your Retail Outlets values should always be the highest number possible that you are allowed to enter. They WILL work for you too and can adapt to EVERY situation. Theres not right amount of capacity you should purchase. Over the course of many years, I have seen a plethora of situations, companies with a BILLION dollars in debt, people making strategic mistakes that willruinthem in the LATE GAME. Yes, I would only add capacity onto existing plants and not build new plants. 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. 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. Now, I am worried about the future rounds. It's customized for you to run the company in direct competition with other class members. If you have any questions, feel free to come back and ask them. 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. That combined will give you a good boost for the last year. Exactly. It typically keeps increasing until a certain price point and then starts to drop. That summer, I played in the Business Strategy Game Best Strategy Invitational (BSI) and won that as well. When you are deciding whether to upgrade your plant capacity, time is an essential factor. I did not stock issues or issue purchase in the those years. Skip the fancy words so many other guides drone on about BSG, andget down to real execution of business strategy. In any Business Strategy Game, including BizMAP, you will not get it 'right' in the first attempt. I worried that another team would have stumbled onto your blog, but few people Google tips it seems! Does it hurt any other factors? And profit is what the game is all about. So, should I decrease pay dividends here to $0.15? Hi! How did your 2nd decision go? So I run into problem again! Here is a chart again tho show you the process: If your regular production capacity is not sufficient, use overtime. Hence, it should be your goal to price your shoes lower than everyone else and take their market share so that other companies will not sell any private-label shoe in this region. 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. 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. The decision is due tonight I am so nervous but the performance score so far looks good. However, you can successfully apply most of the following tips to either strategy. You cannot afford to followsimple techniques and fail! The FREE BLOGcovers topics like. NEVER do this. 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%. However, when pricing your shoes, keep in mind to set the price at least $5 below the wholesale price average. 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. Pay loans faster. 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. In Y12, I paid early payment 12,000k at 8.5% and continued borrowing 70,000k at 4.5% for 5-year). It is definitely around 1.2 though and I recommend starting off with this value. Learn tips & tricks, from a BSG Grand Master! This site uses Akismet to reduce spam. On this page, you will set your values for your branded production. I suggest to go for maximum profits. 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. First, click on the Adjust Competitive Intensity button that can be found on the top middle of the page. like should I just follow your tips through all because I kind of get on a bad start. I daily (thank you, Hootsuite, for making it so easy!) Do not price your shoes too low, so that you will not make any profits with your sales. Hence, make sure to plug in every possible value to reach the highest net profit possible. One option that you definitely want to purchase is Option C. Option C increases your S/Q rating by 1 star. I mainly looked at what they were doing in the private label sector. I would still go for the 50 models and make sure to buy or build capacity so you have enough for your private label. 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. The BSG Game went through a major revision in the beginning of 2019. Do the same for your E-A and A-P volumes and plug them into the A-P manufacturing slot. Do I need to change another setting on another page for this to remain positive? What will I get for my $48? you can SUCCEED in the Business Strategy Game by following my SIMPLE tips, advice, and strategies. 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. If it is 0%, that is fine as well, do not worry about it. The business level strategy used can be replicated by anyone and is so brain-dead simple that you are destined to win if you apply these techniques. 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. There are tons of possibilities in the Business Strategy Game, and the wrong strategy in the wrong circumstance willCOST you the game. In the instance where a plant is available for purchase, buying one would be the ideal option because you will be able to save time and up to 20% of the money that would have otherwise been used to build one. It makes sense; the more ads you run, the more your celebrity endorsement will be seen and the more effective it is. Write down each regions reject rates and add them up to the regions estimates sales volume. 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. Thank you so much for your reply! Beat the Business Strategy Game. The best part is that, after it is in place for 3 or more rounds of play, the effects become almost irreversible. I would recommend purchasing the upgrade for both of your plants within the first four years. This would leave you with a bunch of shoes unsold. Like I already said in my previous post, the most important thing is to toggle each and every value and pay close attention to your net profits. My group and I are also playing the new version of the game and were little bit lost. Always Have A Backup Plan. Leave everything else unchanged. On this decision page, you can bid on celebrities. These games often involve managing resources, making . 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. I started with 250 models and S/Q rating of 5. As always, do not forget to save your decisions after you are done. Sorry for the late reply.. Been starting my new job and working a lot lately. and L.A. in North America to reduce costs because ofNAFTA. Your competitors are most likely looking for this information too. 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. 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%. BSGTips.com is a proven guide (written by a Business Strategy Game Grand Champion) on how to win, not just how to play. Is there a strategy that will always win? 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. Yeah I had that in the first weeks as well. I put $1.00 pay dividends, which turned out 20,000k in total. I took first in the world seven out of ten decision rounds and won the BSI again when my MBA program used the McGraw Hill Business Strategy Game simulation as a learning tool also. So far I have only build a 1000 EA plant and additional 500 NA plant. Here are a few things to give you confidence in us: Our guide & coaching took every customer to 1st or 2nd place utilizing the guide. I would definitely increase your S/Q rating to 8* and lower your models to 50 (this should be the lowest you can go if I remember correctly). Other teams in your industry wont stand a chance when you unleash the tactics we teach. Make sure the celebrity is suitable in the geographical region you want them to endorse your shoes. I see this every semester, and you dont want it to be you. But this year the shipping is too high from AP to LA so I cannot make any money from LA. 7 Winning Tips and Strategies for the Business Strategy Game (Bsg) 2022-10-12. Business strategy game Rating: 7,4/10 916 reviews. 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. Make year 11 EASY on yourself and learn how the game is played. I would like to ask you about the Dividends. It is important to toggle your values and find the best combination to maximize your net profit. Thank you so much for the good recommendations. With our strategy in mind, I would recommend addition capacity to already existing plants rather than constructing a plant in a new region. I always went with 500 every second year, but it depends on your market and competitors. I cannot make any money there. Ive played the Business Strategy Game many times through and have completely dominated my opponents every single round of every single game. Weve heard countless horror stories of students not taking the BSG seriously and failing the course as a result. The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. Can you tell us more about the strategy you had ? Otherwise, their endorsement effect declines. 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. If you have any questions, comments, concerns, or feedback, click on my name below and Ill respond to you as quickly as I can. 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. The first time I played, I did exactly what you are doing: researching the internet. Hi. . I followed your recommendations, and I have a good rank. Any advice? Most Industry competitorsarentable to replicate high results when they face tougher opponentsand have asimpleunderstanding of the Business Strategy Game. Strategies, decision screens, reports and tests. Hi. This enhances the marketing efforts for the brand. After you have done this, play around with the values for Wholesale Price, Advertising Budget, Rebate Offer, and Retailer Support (increase/decrease by 100s only, as everything else makes no sense). I have experienced different behavior with bidding on celebrities. Some business simulation games actually put you in the position of a business owner, but others have varying storylines or themes that let players hone these skills in . When coming up with a CSR initiative, ensure that the budget can be sustained over time without burdening the company. . Thank you in advance! Theguide will show you how to make your company lean and agile to cope with the industrys marketplace. For further explanation, please read my blog post. On this page, you will optimize your entries and toggle each value until your reach the maximum profit possible for each entry. I prioritize building additional capacity and purchasing plant upgrades. Business Strategy Game - Capitalism Lab. My undergraduate business strategy teacher made us play the BSG-Online simulation for 40% of our grade. construction cost to be financed with debt. Concerning changing others values, I recommend reading my initial post where I have explained everything in detail. I am currently dominating my industry, and closing in on the top 100 list! One way you can maximize the R.O.E is to purchase stock at the earliest possible time. So if one of your markets is not satisfied or prices are high, I would built capacity to attack this market and sell a lot of shoes for a cheap price, to guarantee you the lowest price so that you sell all your offered shoes. Worst case, all the demand is already satisfied in your region before your shoes at a certain price is being considered. 39K views 1 year ago #businessstrategygame Here is my ultimate guide to help you ace the Business Strategy Game.
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