Increase models? If you found your highest value for the best net profit, move on to the next value and do the same. update them with tips and food for thought from the paid guide. What I like about my strategy is that you do not necessarily have to keep an eye on your competitors. I am a Business Strategy Game Grand Champion. You dont have to care about your retail outlets anymore so adjust the price so maximize your net profit, without the 40% rule. 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. PDF The Business Strategy Game - California State University, Northridge I have also included a Special 30 minuteAudio Companion for the Magic Numbers that is great for Year 11 starters! The two most important values you want to have as precisely estimated as possible are the industrys average wholesale price and S/Q rating. I dont know why the game suddenly changed your numbers but I recommend using every last bit of your capacity. 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 can be a very tricky decision and you need to analyze your competitors prices. But strategy wise I always sticked to my maximum net profit strategy which you can do no matter your competitors strategy. 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). This will save you money in the long run and at the same time boost your credit rating positively. I recommend increasing capacity and keep focusing on your profits. 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. Go ahead and try out which combination yields the highest profits. The fact that you are looking for help mean. My team and I started the game with minimal knowledge and flailed for the first three decision rounds. In the first few years, this will be pretty difficult to determine. Company operations are patterned after In the case where other competitors are employing this strategy; strive to be the first team to get the most points. It sometimes works. In any Business Strategy Game, including BizMAP, you will not get it 'right' in the first attempt. Economic Stages Part Three Riding the Recession, Glo-Bus Quiz 1 and Glo-Bus Quiz 2 Answers, New Glo-Bus Cameras and Drones Simulation, Instant Download,Email Support &Forum Access. 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 end result counts. Every game in the Business Strategy Game starts out the same. Paying off these loans in advance has the advantage that you will pay less interest over the coming years. And should I do stock repurchase this year? After you have done this for both the N.A. The FREE BLOGcovers topics like. Im giving away adeadly secretinsideMagic Year 11 Secrets Revealedthat will make a person number 1 almost no matter what. 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 ? Setting up a successful business requires time, money, a lot of hard work . 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? Free shipping will most likely not increase your profits. I will explain soon, how to increase plant capacity and why we need the capacity for private label. After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. 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. You are now all set to dominate your industry and win the BSG! 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. If I have further questions do you mind I ask you for help? BSG Report, Part 2 - BeatBSG Automated page speed optimizations for fast site performance, Capsim Winning Strategies and Simulation Tips, Leadership and Management Assignment Help. Yeah I had that in the first weeks as well. Business Strategy Game | Play Free Online - MBA Crystal Ball Focus on Net Profit, ROE (very important), Credit Rating, Image Rating is quite easy to control and also Stock Prices. How to solves this situation ,have you given us any suggestion. So, should I decrease pay dividends here to $0.15? This means, you decide about the S/Q Rating of your branded pairs produced and your compensation and training for your employees. Before you even start plugging in any numbers, it is important that you decide for a strategy to pursue for the game. 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. This will lead to greater visibility for your company and thus a boost in the image rating. With more inventory, however, you can put more shoes into private label which is a really important aspect of the game. For all following decision rounds, you do not have to return to this page, as I advise you to always keep those two options and not change anything else on this page. I feel you. 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. Fin. is it because I need to add capacity? If numbers do not add up correctly and your total pairs shipped do not match your total pairs available, go back to the Branded Distribution page and adjust your numbers accordingly. Those that havent played the BSG Online yet and are researching online for every advantage they can find. It can be very beneficial for you. While you already have a good estimate of how many shoes you are going to sell in each region, you still need to consider your rejected pairs during production. This will enable you to tap into the different unique abilities of each of the members thus strengthening your team. Be in it for the long haul This has been very useful. Embedded in the magic numbers is a reinforced long-term money-saving strategy that will save you money every year forever! You need to get confidential,accurate,comprehensive, andreliablyup to dateinformation from a trusted andPROVENBusiness Strategy Game source. If you have more cash available, go ahead and spend it for either one of the other options. You always want to make sure that you produce your sales volume for N.A. Strategies, decision screens, reports and tests. Same for your superior material. Well some Industry Champions have such an easy time winning because the people theyre going up against simply didnt care about the BSG. thank you:). A window should pop up where you can select each of the four regions and change the industry average S/Q rating and competitive impact. Hi. In the upper right box, you can spend your excessive cash. I want to thank you for visiting my Business Strategy Game (BSG Online) website. 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 can do this by paying off your loans at the earliest possible time. 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. Concerning changing others values, I recommend reading my initial post where I have explained everything in detail. Private label will help you dominate your competition. Otherwise, their endorsement effect declines. BSG 2017 - Business Strategy Game - Guide How To Win - V2 I have placed this manual and an easy-to-use currency spreadsheet on this site for you. BSGTips.com is a proven guide (written by a Business Strategy Game Grand Champion) on how to win, not just how to play. I include tons of free information to give you a leg up on your classmates on my blogroll. Try out different combinations that keep you at 8* and the highest possible net profit. If you demand for branded production is met, put everything else into private label to make sure you dont have unused capacity. And I would not build another plant, rather increase capacity in the plants that you already built. This is because your competitors are adjusting and trying to find their strategy. 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. that helped me become Business Strategy Game Grand Champion. With our strategy in mind, I would recommend addition capacity to already existing plants rather than constructing a plant in a new region. You will soon know why. 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 was wondering how much more additional capacity that I should purchase after Ive bought the first 1000 for NA. update them with tips and food for thought from the paid guide. Now, I am worried about the future rounds. Business Strategy Game (BSG) Helpful Tips!!! - YouTube Order now. How important is image? Currently, were selling 150 models. honestly i started with 150 models at 6 stars and went to 200 and 7 stars, 8 in private label. This site uses Akismet to reduce spam. The first is the paid guide. I cannot make any money there. 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. 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. Thanks a lot! Business Strategy Game Cheats I Best BSG Game Cheats 2022 I was a poor undergraduate college student, too, at one point, and I understand your unwillingness to pay for an additional book. 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. Any thoughts? Looking at the North America column, you now have to plug in your values for Wholesale Price, S/Q Rating, Models Available, etc. They WILL work for you too and can adapt to EVERY situation. The company that offers the lowest price will sell all its supply first, followed by the company with the second lowest price offered, and so on. The importance of buying back stock early and how buying back stock gives you an edge in the game. Set your price to whatever maximizes your profits. This is my personal procedure that has led me to become Grand Champion and nothing on the web can compare to my precision perspective of BSG. Important: Your Sales volume, not the production volume that includes the rejected pairs! WINBSG.COM: Win the BSG Business Strategy Game - Discussing effective Then, you want to plug in your L.A. total sales volume estimate into theproductionslot for North America as well and add up your reject rates. 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 . . If you have any questions, suggestions, or comments feel free to comment and I will do my best to help you out. However, you can successfully apply most of the following tips to either strategy. While they might boost your image rating, they will decrease your profit. 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. Make year 11 EASY on yourself and learn how the game is played. I usually go ahead and plug in whole dollar amounts for the wholesale price and see how net profit changes. However, to be able to do so, you need available capacity. or A-P plant. The BSG tends to underestimate those values by about 20% and hence, you need to correct them for a more precise estimate. If you really need money, I would rather advise you to issue some of your stock. If you tweak those numbers, your demand will adjust accordingly. For your company to be on the right track the R.O.E should be at least 15% annually. The most important advice in advance: it is all about PROFIT. A celebrity endorsing your product offers a big boost to product awareness, helps a brand penetrate new regions thus acquiring new market shares, and can drive up sales. Start Here: The Business Strategy Game Guide Site Map In the Private-Label Production field, use all your remaining available capacity, even overtime. If for whatever reason you arent satisfied with the guide, return it anytime for a full refund. You will need those numbers later on. The C.I.R on the other hand will give you a deeper look into market share, S/Q ratings as well as price. Year 11 might be over for you. For only $35, get instant access to the Business Strategy Game Guide. Choosing a Strategy - BeatBSG Which wholesale are you referring to? I would like to ask you about the Dividends. Those that are already playing the BSG Online and perhaps want an edge over the competition. I would still go for the 50 models and make sure to buy or build capacity so you have enough for your private label. We offer free, unlimited fast support to answer any questions. Do not focus too much on Ending Cash, but keep focusing on Net Profit, try to increase that over each years. Sometimes, clearing your beginning inventory at a discount will boost your profits. 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! You do not want that to happen, especially because your internet sales only account for a small percentage of your entire sales. 4. Hello, thanks for the great strategy, it is working (1st place) ! Hi Yvonne. What will I get for my $48? You will soon know why. Business Strategy Game Tips & Lessons Learned - YouTube However, do not forget to calculate your possible additional expenses for your celebrities. Do the same for your E-A and A-P volumes and plug them into the A-P manufacturing slot. I did not stock issues or issue purchase in the those years. Here, you have the opportunity to sell your existing capacity. I started with 250 models and S/Q rating of 5. total sales volume estimate into the Branded Pairs to be Manufactured in Year XXslot for North America, write down your reject rate and add it to your previous total N.A. The higher your celebrity endorsement value for a specific region, the more your advantage in attracting buyers to purchase your branded footwear. 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. Good communication skills. By employing the best cost strategy. We will now look at all the decisions you have to make to actually play the game and be successful with your strategy. my advice would be to read my guide and follow the steps. All the while you get lost on what was really importantto do actuallywin. 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. Dont be fooled by cheap imitations by common Industry Champions thatgloss over the obvious. Hi, 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. Play with your numbers around and tweak them to generate maximum net profit. And it is pretty difficult for other teams to see what you are doing to them before it is too late. And he also purchase 4000 capacity in the first year but no advertising expenses. It took me years to learn this and it would take you years as well but,I know you dont have years. Because with more capacity, you can offer more pairs in private label and dominate the market there. You will also receive a copy of Currency Made Simple. How can I increase my game score? It is all about trying out all possible combinations. One week they might increase, the other they might increase by just a little or even decrease. This would leave you with a bunch of shoes unsold. A free section gives the casual reader some tips and tricks in class and a paid guide for people who are behind and need to catch up or students who want to save themselves the headache and win. Hi. 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.) This is where consumers get the best quality of footwear at the lowest possible price, therefore ensuring value for their money. Play the game multiple times and try to refine your strategies and entrepreneurial skills with each attempt. You can only do one upgrade at a time in each region and a total of two updates per region. 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. This manual provides actual numbers to use as guidelines, has many examples from real games, and should make your life so much easier than mine was! Yes, I am talking about the www.bsg-online.com for 2023. Oh, how I wish I had known all this before I began playing. I recommend having a pen and piece of paper next to you so you can write down your net profit and compare when plugging in different values. However, there are still some other voluntary decision that will prepare you for future decisions. Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. You will also receive a copy of Currency Made Simple. I am on my second year and I have negative income right now, any tips on how to get in the positive? Yeah I will hold on to that for now. Having an increased S/Q rating and lower prices boosts the image of the company positively. Use the remaining 30% capacity to sell shows in private-label! It's customized for you to run the company in direct competition with other class members. Im not talking about theory and how to play; Im talking about a proven system that helped me become Business Strategy Game Grand Champion. The same accounts for your Change in Annual Base Wages and Incentive Pay values. Since youre only in the second year, I would honestly decrease your models to 50. I daily (thank you, Hootsuite, for making it so easy!) How Much Capacity Should My Company Have? Most Industry competitorsarentable to replicate high results when they face tougher opponentsand have asimpleunderstanding of the Business Strategy Game. Created Oct 30, 2013 Restricted 753 Members 5 Online Moderators Moderator list hidden. As always, do not forget to save your decisions after you are done. Hence, make sure to plug in every possible value to reach the highest net profit possible. These are the tools you need to win BSG. 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! Hi, youre welcome. If it is lower than 40%, your wholesale price will be in competition with your internet price. 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. Your numbers might be a little bit off due to the reject rates. 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? 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. You are now done with your private-label decisions and all significant decisions that affect your net profits. However, when pricing your shoes, keep in mind to set the price at least $5 below the wholesale price average. 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! Can you tell us more about the strategy you had ? 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. So when following the steps described above, you will have positive ending cash really soon again. Here is a chart again tho show you the process: If your regular production capacity is not sufficient, use overtime. Period. I recommend building additional 1,000 capacity for the North American plant in the first year, if your cash balance allows it. Any advice? 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. My undergraduate business strategy teacher made us play the BSG-Online simulation for 40% of our grade. Furthermore, I spent all my cash on hand for dividends and stock repurchase to increase my ROE and EPS as much as possible. Now, decide to which region you want to ship your private-label shoes. Just plug in numbers and note down your net profit values. Using a game strategy to push a business forward is a different approach, but it has been proven successful for many.