Okay! Look over the shoulder of a Business Strategy Game Grand Champion and see how he pulled off his overwhelming victory. 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. Once you have enough capacity then switch to low SQ approach. havr the highest stock price, image rating at 90, A+ still, and double digit EPS. 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. This is your new, more precise regional wholesale sales volume. 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. Hi Dennis. You might think that using green footwear materials or using recycled boxing / packaging is a good decision, especially with the currently ongoing environmental debates. My question is what if I decreased the pay dividends to $0.15 from $1.00? You should slightly increase your dividends year by year. In addition, your Retail Outlets values should always be the highest number possible that you are allowed to enter. 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. Make all the decisions tactfully and base them all on research and not emotion. It covers in detail all of the strategies, concepts, software features and tricks necessary to win the McGraw-Hill Business Strategy Game. Hi, If you have any questions, suggestions, or comments feel free to comment and I will do my best to help you out. Again, this can be trial and error for a couple of decisions but you should get a feeling for what multiplier is best for your company. Stick in your e-mail address, and the tips guide will be in your inbox instantly. 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). My undergraduate business strategy teacher made us play the BSG-Online simulation for 40% of our grade. 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. Strategy 1 - Align simulation with learning objectives. It sometimes works. If you tweak those numbers, your demand will adjust accordingly. In the first few years, this will be pretty difficult to determine. . I never really watched my EPS or credit rating (ofc credit rating should be a B at least). Repurchasing stock will boost both your EPS and ROE. Try out each and every value and note down the highest net profit values. Learn a little more about the theoretical concepts behind the game in our Free MBA course. I dont know why the game suddenly changed your numbers but I recommend using every last bit of your capacity. Take advantage of my highly-guarded distribution decision strategy that Ive used to reap the benefits of the complex tariff rules and exchange rates. Its not too late to do that yet. Thanks! 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. Let us take a look at the Plant Capacity / Upgrades page first. This means, you decide about the S/Q Rating of your branded pairs produced and your compensation and training for your employees. Thanks a lot! We got our act together and began to study the game. And you said I should only add capacity onto existing ones instead of building a new one in LA right? Free shipping will most likely not increase your profits. 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. Yes, despite your competitors building capacity as well, I recommend increasing capacity in a reasonable amount. It might be tedious work and consumes a lot of time, but it will definitely worth it and will let you win the BSG. If this is still not enough, add the missing shoes to the other plants Branded Pairs to be Manufactured in Year XX number. 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. So the question is: would you recommend for my team to still increase capacity despite this fact? Make sure the celebrity is suitable in the geographical region you want them to endorse your shoes. Thank you in advance! So when following the steps described above, you will have positive ending cash really soon again. Every game in the Business Strategy Game starts out the same. 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! Everyone has the same advantage as the team next to them. 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! Is it too late to reduce that to 50 as you suggested in your recommendation? For your company to stand out, it should ideally have an image rating of 70 and above. Do not worry about your market share percentage or any other value than your net profit. Let us move on to the tricky part of this decision page. Sometimes, clearing your beginning inventory at a discount will boost your profits. However, if done right, it is worth the time as it will yield the maximum profit possible and success in your industry. These simulation games can help you develop hard. SAVE TIME & PASS YOUR CLASS Amplify Your BSG Online Score: https://www.bsg-game.com/select-time Derek's "Pass Your Class Guarantee" . I shut them down fast and knocked them out of the running. Exactly. Selecting the members that will form your team is very crucial as you will be working together to ensure the success of your company. One way you can maximize the R.O.E is to purchase stock at the earliest possible time. Its not too bad, no worries. Waiting to buy them later will lead to an increase in their prices. If I have further questions do you mind I ask you for help? Complement each other. I see this every semester, and you dont want it to be you. More than often they drone on and on about BSG, to the point, its barely relevant toimpress you with abunch of words. The market share, which can be increased by: increased advertising, extensive market research, checking out the competition, and most importantly understanding the needs of your customers. Hi. I did not forget it, but we will take a look at it later. Same for your superior material. After watching this comprehensive 75 minute video I haverecentlyfilmed, you will know exactly what you need to do to be successful. It has not only won recognition and awards from top gaming media such as IGN and PC Gamer, but also from world-leading media including CNN and Discovery Channel. You have successfully adjusted to your competitors. So what are some of the qualifications you should be on the lookout for when picking your team? So I run into problem again! Promise I wont have tons of question haha. Do this for all four regions. This decision page deals with your plants. 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. thank you:). Here, you have the opportunity to sell your existing capacity. When coming up with a CSR initiative, ensure that the budget can be sustained over time without burdening the company. So having understood what the image rating of a company is based upon, how can you improve it? Any advice? This enhances the marketing efforts for the brand. Dont be fooled by cheap imitations by common Industry Champions thatgloss over the obvious. I worried that another team would have stumbled onto your blog, but few people Google tips it seems! That its always wise to start out on the right foot rather than try to pull yourself out of a financial nosedive. So for the last year I didnt stick to the rule that the internet price has to be 40% higher than the wholesale price. If for whatever reason you arent satisfied with the guide, return it anytime for a full refund. The importance of buying back stock early and how buying back stock gives you an edge in the game. Yes, I would definitely do plant upgrade option C! However, it is not necessary and Option C is definitely more effective. Select +2% for the Percent Change in Competitive Impact of All Other Factors from Previous Year. . While being in every market is a goal of a successful multinational company. that helped me become Business Strategy Game Grand Champion. Here, you will plug in your previously calculated regional total sales volume for each region. Authorize your construction and you save your decisions. And it is pretty difficult for other teams to see what you are doing to them before it is too late. 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). 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. Pay attention to the plant upgrade options as well. And then I would just follow my tips and adjust all other values to maximize profits. 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. Is there anyway to increase the demand for my shoes in the internet/wholesale markets? It will give you some immediate tips you can implement to start off on the right foot or begin turning things around. I have also included a Special 30 minuteAudio Companion for the Magic Numbers that is great for Year 11 starters! 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. Both The Ultimate BSG Solution Guide as well asThe BSG video guide were created by a BSG Grand Champion.Together, you will have all the information you need to not just win the BSG, but to DOMINATE.You get Exclusive VIP access to our secret forum area. This site uses Akismet to reduce spam. (0 for both stock issues and stock repurchase). You can get BSG Game Help from experts who will guide you on how to win or top you game with the best Strategies.Visit BSG Game Help today and get professional guidance from BSG Experts. Hey!! For only $35, get instant access to the Business Strategy Game Guide. Should I decrease the pay dividends and do stock repurchase in Y13? I like to have around $8-10 million ending cash available after all my decisions are made. 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?. Tips for Lowering Cost and Other Recommendations For Winning the Business Simulation Game Toggle the advertising spending to see the lowest cost at which the company can achieve the desired market share. Hi Yvonne. 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? If you really need money, I would rather advise you to issue some of your stock. The information is these guides is laid out, and displayed, in such a way that crucial decisions should be a breeze. While they might boost your image rating, they will decrease your profit. Thanks a lot! However, if you happen to use overtime at either of the two plants, plan on increasing the plants capacity in this decision round. Thats one of the things you should never do because you can always use capacity. These games often involve managing resources, making . Any thoughts? 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 . As a Business Strategy Game Grand Champion, I have been responsible for burying many Industry Champion competitors and I have to say, its not hard. They have all changed by +2%, just as you plugged it in. 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 ? Hi Fin, Thanks for the detail post and the screen shots. 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. Ive played the Business Strategy Game many times through and have completely dominated my opponents every single round of every single game. This will enable you to tap into the different unique abilities of each of the members thus strengthening your team. Members of the team should have skills and strengths that serve to complement each other for a perfect working synergy. The celebrity endorsement will work well only if it is boosted by aggressive advertising. The end result counts. We give you. It's customized for you to run the company in direct competition with other class members. However, when pricing your shoes, keep in mind to set the price at least $5 below the wholesale price average. 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. A quick e-mail to your inbox. Because with more capacity, you can offer more pairs in private label and dominate the market there. and why do I want it? From the desk of: a Business Strategy Game Grand Champion. You cannot afford to followsimple techniques and fail! The rule of the game is to compete with the other students' teams to stay ahead to gain a competitive advantage over other teams. Paying off these loans in advance has the advantage that you will pay less interest over the coming years. Can you tell us more about the strategy you had ? You need this capacity for the private-label market. You want to setEthics Training / Enforcement to All Employees and Workforce Diversity Program to Yes. Focus on Net Profit, ROE (very important), Credit Rating, Image Rating is quite easy to control and also Stock Prices. I would still go for the 50 models and make sure to buy or build capacity so you have enough for your private label. $50.66 but $50.67 gives you higher profits, go for the higher prices. If you see little action on the celebrity market, go ahead and get your celebrities for the lowest price possible ($500). 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. The BSG Game went through a major revision in the beginning of 2019. You might agree to disagree in the process but each member should always be given a clear avenue to express their thoughts that are based on their research. I daily (thank you, Hootsuite, for making it so easy!) Business Strategy Game player with a career stretching back to 2006 and throughmultiple versions of BSG. The Capitalism series is widely regarded as the best business strategy game series ever created. I am the longest known active Business Strategy Game player with a career stretching back to 2006 and throughmultiple versions of BSG. The most important advice in advance: it is all about PROFIT. I am currently dominating my industry, and closing in on the top 100 list! Again, it is important that you keep in mind to optimize your profits. Order today and you will beprivyto every secret, technique, tip, support, and help I can provide you with thatwill surely secure your SUCCESS and VICTORYas a Business Strategy Game Player. Every single member should be given the venue to express their thoughts clearly. In addition, the company resembles an athletic footwear company with plant operations instead of outsourcing . No spam ever. I have placed this manual and an easy-to-use currency spreadsheet on this site for you. It is usually best to repurchase stock at the beginning, when your stock prices are relatively low. 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. 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? However, after 3-4 years, your competitors will settle and changes will be more predictable. ? We have good market share in NA and, last year, we needed to ship the rest of the shoes from AP (incurring in shipping and tariffs costs, hence, the thought of adding capacity in LA). But it is definitely worth it. You cannot afford to followsimple techniques and fail! How to solves this situation ,have you given us any suggestion. Do not price your shoes too low, so that you will not make any profits with your sales. Most Industry competitorsarentable to replicate high results when they face tougher opponentsand have asimpleunderstanding of the Business Strategy Game. However, you can successfully apply most of the following tips to either strategy. No worries, this is logical and you did nothing wrong. The first is the paid guide. Since youre only in the second year, I would honestly decrease your models to 50. When you sign up for BSG Tips, youre not alone. Write down each regions reject rates and add them up to the regions estimates sales volume. You can only do one upgrade at a time in each region and a total of two updates per region. What will I get for my $48? Hi Lee, 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. This isthe lazy wayof winning the Business Strategy Game and requires very little knowledge and effort on your part. With remaining the cash on hand, try to buy back stock, pay off your loans from the beginning of the game, pay back dividends, and upgrade your plants. You can also pay dividends to your shareholders. That combined will give you a good boost for the last year. 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. As already mentioned, it is important that you ship all your shoes for the North American warehouses and the Latin American warehouses from the North American plant. With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. Theres not right amount of capacity you should purchase. Aim for a higher credit rating of B+ or above. However, my net profit is still negative even after i have adjusted the private-label. However, do not forget to calculate your possible additional expenses for your celebrities. In the first years, the estimate of the industry average might be a little off the +2%. I adjusted a little bit and the forecast is now close to previous years. And I would not build another plant, rather increase capacity in the plants that you already built. 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. I am so thankful for your post!!!!!!!!!!!! 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. 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. Using this as a base strategy has yielded good results in my experiences. I did not stock issues or issue purchase in the those years. 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. The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. 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. Your interest rates depend on your credit rating and the duration of your loan. 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. 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. 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