After you have done this for both the N.A. Learn a little more about the theoretical concepts behind the game in our Free MBA course. It was set Pay Dividends $1.00, which turned out 20,000k in total. Try out each and every value and note down the highest net profit values. It's customized for you to run the company in direct competition with other class members. So, should I decrease pay dividends here to $0.15? Furthermore, I spent all my cash on hand for dividends and stock repurchase to increase my ROE and EPS as much as possible. Login Scroll Down Your browser does not support the video tag. This is because your competitors are adjusting and trying to find their strategy. Period. The same accounts for your Change in Annual Base Wages and Incentive Pay values. Instantly Jump Your Business Strategy Game Score 10 Points for FREE! How would you like to acquire every secret I have about the Business Strategy Game? The styling/quality (S/Q) ratio of the business venture in the different geographic locations they operate in. I personally would not bid higher than $5,000 $6,000. The Business Strategy Game or BSG is a simulation game used by, different colleges for their Business capstone. Im not talking about theory and how to play; Im talking about a proven system that helped me become Business Strategy Game Grand Champion. Dont be fooled by Cheap imitation Business Strategy Game guides you might see online. 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. Thanks! You will have secret access to private areas of the site and get to ask questions with my personal expert replies. For only $35, get instant access to the Business Strategy Game Guide. With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. Hi! It is definitely around 1.2 though and I recommend starting off with this value. Learn tips & tricks, from a BSG Grand Master! "In terms of scope and comprehensiveness, it has no equal in the world of business . Hence, you will only focus on the two following decisions that are worth their money as they increase your image rating the most. 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. Buy Now with PayPal. It will be, trust me. You can only do one upgrade at a time in each region and a total of two updates per region. Every game in the Business Strategy Game starts out the same. So the question is: would you recommend for my team to still increase capacity despite this fact? Let us move on to the tricky part of this decision page. The information is these guides is laid out, and displayed, in such a way . However, if done right, it is worth the time as it will yield the maximum profit possible and success in your industry. I include tons of free information to give you a leg up on your classmates on my blogroll. Ive played the Business Strategy Game many times through and have completely dominated my opponents every single round of every single game. But the plant page did say not recommend to build the plant so I was hesitating. 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. It makes sense; the more ads you run, the more your celebrity endorsement will be seen and the more effective it is. On BSGTips, we have an email service and forum to handle any support issues you may have. I am on my second year and I have negative income right now, any tips on how to get in the positive? This is why building additional capacity is so important. I would recommend purchasing the upgrade for both of your plants within the first four years. However, it is not necessary and Option C is definitely more effective. Oh, how I wish I had known all this before I began playing. On initial input of the change there was a big boost to my numbers, but when I left the page the game suddenly dropped my numbers below my original ones. You will also receive a copy of Currency Made Simple. You need the capacity for the private label market. 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. Your numbers might be a little bit off due to the reject rates. Turn delivery time to four weeks because it has no noticeable effect on sales but significantly affects EPS and Net Profit. In this video we go over these five Business Strategy Game Tips: Price elasticity and why most athletic footwear companies don't understand how it is really computed. Or you have read it but still do not know what strategy to pursue or what is going on? Beat the Business Strategy Game. So what are some of the qualifications you should be on the lookout for when picking your team? If youd like an overview of the content we publish, take a look here, and if youre interested in Glo-bus, start here. No worries, it will be easier after the first few years. These games often involve managing resources, making . I recommend building additional 1,000 capacity for the North American plant in the first year, if your cash balance allows it. Sure, you can ask anytime That summer, I played in the Business Strategy Game Best Strategy Invitational (BSI) and won that as well. gorilla on your side. I will explain soon, how to increase plant capacity and why we need the capacity for private label. 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. Important: Your Sales volume, not the production volume that includes the rejected pairs! 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. How important is image? Otherwise, their endorsement effect declines. However, after 3-4 years, your competitors will settle and changes will be more predictable. Emerging on top of this simulation can be quite a challenge. And I would not build another plant, rather increase capacity in the plants that you already built. Again, trying out different combinations and optimizing net profits is key for these values. I have also included a Special 30 minuteAudio Companion for the Magic Numbers that is great for Year 11 starters! 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. But again, thanks! I hope that helps and good luck! This is extremely easy and if thats all you want, then grab The Ultimate BSG Solution right now and guarantee your success. It is important to toggle your values and find the best combination to maximize your net profit. However, keep in mind that your regional endorsement value should not be higher than 400 in any region. Hi, Be objective in your approaches from the beginning of the simulation right to the end. Thats the highest achievement you can attain. and L.A. volumes and finally plug them into the NA manufacturing slot. For your company to be on the right track the R.O.E should be at least 15% annually. Definitely helps! The Business Strategy Game is a PC-based exercise, modeled to reflect the real-world character of the globally competitive athletic footwear industry and structured so that you run a company in head-to-head competition against companies run by other class members. I let the rest remain the same in the entry. If you tweak those numbers, your demand will adjust accordingly. I worried that another team would have stumbled onto your blog, but few people Google tips it seems! Skip the fancy words so many other guides drone on about BSG, andget down to real execution of business strategy. 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! It depends on how much private label you sell and whether you want and can sell more depending on the market, whether its satisfied or not. ? 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). On this screen, you can handle your financial decisions for your company. Like I said before, you should be building capacity, yes. A quick e-mail to your inbox. 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. I would like to ask about the Pay Dividends. My stupidness did not know that I should not pay dividends while Im in LOAN mode. You dont have to care about your retail outlets anymore so adjust the price so maximize your net profit, without the 40% rule. Here, you will decide for how much your shoe is going to sell. 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%. Is there a strategy that will always win? Pay loans faster. While those two values do not change your S/Q rating, they will change your net profits. It took me years to learn this and it would take you years as well but,I know you dont have years. This will save you money in the long run and at the same time boost your credit rating positively. . Make year 11 EASY on yourself and learn how the game is played. Do not worry about those numbers, they will just show you whether your investment is profitable or not. The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. Using this as a base strategy has yielded good results in my experiences. You can do this by paying off your loans at the earliest possible time. I will walk you through each page chronologically. Dave Mar Stick in your e-mail address, and the tips guide will be in your inbox instantly. On this page, you will optimize your entries and toggle each value until your reach the maximum profit possible for each entry. What Poker Strategists Say Poker is an incredibly strategic game and as such, there's a lot to learn from its big players. Do this for all the four regions. With our strategy, you might want to think about getting Option A as well. Written by an Undefeated Business Strategy Game Grand Champion. Hence, make sure to plug in every possible value to reach the highest net profit possible. Complement each other. 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. So do you mean although we sell exactly same shoes it does not matter even my rivals price is lower than mine so long as i can maximize my profit? Then, after a lot thought on the matter, I devised an easy method for taking full advantage of currency fluctuations. 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. Always keep that in mind when formulating your strategies and leave room for adjustment where necessary. The information is these . However, the private-label market is set up the way that only a limited demand is given each year. 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 . 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. Use of my strategy creates a landslide effect that, as you can see, is very devastating to all opponents. Do this for all four regions. You will soon know why. 2. 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. Weve heard countless horror stories of students not taking the BSG seriously and failing the course as a result. I am so thankful for your post!!!!!!!!!!!! There is a huge difference of learningHow To Winand learning the basics of the game. Use the remaining 30% capacity to sell shows in private-label! 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. I only ever paid attention to my profits and I never ever sold capacity. Please post any information pertaining to: strategies, tips, final presentations, case studies, quizzes, etc. Should I decrease the pay dividends and do stock repurchase in Y13? Play with your numbers around and tweak them to generate maximum net profit. 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. 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. Hi, thanks for the great strategy! I highly recommend starting below with my free tips guide. Does it hurt any other factors? 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. Thank you so much for your reply! thank you:). This will enable you to tap into the different unique abilities of each of the members thus strengthening your team. So I run into problem again! Beating the Business Strategy Game About the Guide. Also, I suggest not decreasing your dividends. is it because I need to add capacity? But I found ZERO helpful information online. I know every strategy, secret, and tip you can possibly imagine about the Business Strategy Game, and Im willing to share them with you. How did your 2nd decision go? Steal my conservative private label strategy that and immunize your company from bankruptcy. unfortunately I have no experience with adjusting to my strategy in the late-game. But strategy wise I always sticked to my maximum net profit strategy which you can do no matter your competitors strategy. They have all changed by +2%, just as you plugged it in. Thank you so much! No spam. To be a Business Strategy Game Grand Champion, you have to firmly understand every nitty-gritty little detail within the Business Strategy Game Manual. Strategies, decision screens, reports and tests. And Im so thankful for your post!!!!!!!! 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. If I have further questions do you mind I ask you for help? 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). In addition, you have the option to repurchase your stock. Let me walk you through the various decision pages and explain you how to optimize each entry. I was wondering how much more additional capacity that I should purchase after Ive bought the first 1000 for NA. 5. However, there are still some other voluntary decision that will prepare you for future decisions. Sounds good, congrats! I have placed this manual and an easy-to-use currency spreadsheet on this site for you. you can SUCCEED in the Business Strategy Game by following my SIMPLE tips, advice, and strategies. 39K views 1 year ago #businessstrategygame Here is my ultimate guide to help you ace the Business Strategy Game. 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. From this highest whole dollar amount, I plug in every possible value around it and find the price that yields the highest net profit. You always want to make sure that you produce your sales volume for N.A. I suggest to go for maximum profits. That its always wise to start out on the right foot rather than try to pull yourself out of a financial nosedive. If Im wrong, Ill post another comment. When doing so, you have to plug in numbers for the assumptions section in the new window. This is also linked to having production facilities in that market to support it. . If you add capacity it will show you the price. Almost done, the last decision page. I am getting my butt kicked! Dont blindly waste recourses on a celebrity tag; be strategic to make sure you will get the return on investment. Otherwise you will not sell any shoe either. Hi Fin, Thanks for the detail post and the screen shots. However, do not forget to calculate your possible additional expenses for your celebrities. With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. This means, you decide about the S/Q Rating of your branded pairs produced and your compensation and training for your employees. Learn how your comment data is processed. After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. Do not worry about the Plant Capacity / Upgrades page. There should be a balance. 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. Hi, Im glad to hear that it helped! Im an excel and math geek and started to break the game down and understand it on a deep level. 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. Because with more capacity, you can offer more pairs in private label and dominate the market there. However, do not rely on those values. Business strategy game. Apply the following tips to reduce some of the costs. 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? 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. And it is pretty difficult for other teams to see what you are doing to them before it is too late. You cannot afford to followsimple techniques and fail! You now need the forecasted Regional Sales Volume for both the Internet Segments and Wholesale Segments in all four regions that you wrote down earlier. My team and I started the game with minimal knowledge and flailed for the first three decision rounds. Is it too late to reduce that to 50 as you suggested in your recommendation? Ive turned dead-last severely bankrupt companies into Industry Champions with just two years left in the game. If you happen to end up with a large surplus of shoes the next year, lower your 1.2 multiplier a little bit to 1.18. You are now done with your private-label decisions and all significant decisions that affect your net profits. I believe it varies based on your games situation. im at year 17 and perfect score twice, 1st in last 3 years and 2nd twice. I usually go ahead and plug in whole dollar amounts for the wholesale price and see how net profit changes. of what decision year youre in, how bankrupt you are, or if your company is dead last right now . Try out different combinations that keep you at 8* and the highest possible net profit. In this section, you can upgrade your plants. 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. 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. You do not want that to happen, especially because your internet sales only account for a small percentage of your entire sales. The information is these guides is laid out, and displayed, in such a way that crucial decisions should be a breeze. Yes, I am talking about the www.bsg-online.com for 2023. These are some of the tips you can use to win the business strategy game. Business Strategy Game Tips - . To do so, first plug in your N.A. But my profit is still a little bit low for a second place, guess my price is too low and I need to cut some of my expenses, right? More capacity also brings down your costs. I daily (thank you, Hootsuite, for making it so easy!) As always, do not forget to save your decisions after you are done. Virtonomics. 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. Here's a free video of things to watch out for while you are running your shoe company and competing in the BSG. If you have more cash available, go ahead and spend it for either one of the other options. Yeah I will hold on to that for now. 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. It is all about trying out all possible combinations. I have experienced different behavior with bidding on celebrities. Business Strategy Game - Capitalism Lab. 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. 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. I feel you. 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. Do not focus too much on Ending Cash, but keep focusing on Net Profit, try to increase that over each years. Especially with our high quality and low models strategy, this will be very beneficial and will safe you some money. This has been very useful. Is this guide guaranteed to make me win? 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? 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. Also, I am concerned about the prices strategy; the group who is in the first place has the plan of highest S/Q rating (7) with 200 models and lowest prices. Aim for a higher credit rating of B+ or above. Max OUTyour production with the high quality shoes at the lowest possible cost. update them with tips and food for thought from the paid guide. 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. I am a Business Strategy Game Grand Champion. I will just adjust it first and see what happens, thanks a lot:). And profit is what the game is all about. Thats a game changer!! Its not too bad, no worries. Just plug in numbers and note down your net profit values. Play the game multiple times and try to refine your strategies and entrepreneurial skills with each attempt. However, my net profit is still negative even after i have adjusted the private-label. I now have another question about capacity. 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. For only $35, get instant access to the Business Strategy Game Guide. Five years ago, I was sitting in a similar situation as you. You want to setEthics Training / Enforcement to All Employees and Workforce Diversity Program to Yes. Emerging on top of this simulation can be quite a challenge. You have to dissect your competition and forecast their every move. I am having trouble getting my company back into the positive ending cash after taking out a loan. Thank you, Fin! Displaying corporate citizenship in a responsible and socially acceptable manner for not less than 4 years. 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. I am in Y12, and I am adjusting for Y13. Members of the team should have skills and strengths that serve to complement each other for a perfect working synergy. In any Business Strategy Game, including BizMAP, you will not get it 'right' in the first attempt. you should repurchase stock whenever you can. At the end, I increased dividends to boost my ROE. Learn how to set your prices right by orchestrating your branded market efforts with my intense market advertising and a retail support campaigns that will ensure company stability for years to come. Repurchasing stock will boost both your EPS and ROE. 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). 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. Which wholesale are you referring to? The private-label market is a very nice opportunity to gain an advantage off your competitors and take their market share. Two of the most important things to do here are analyzing your competition and optimizing your values. Any advice? BSGTips.com is a proven guide (written by a Business Strategy Game Grand Champion) on how to win, not just how to play. 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. If you find capacity available for purchase, I would always directly purchase it. For many students, winning the Business Strategy Gamecan be the difference between PASS and FAIL. But do whatever is necessary to maximize your profits. Players must make decisions to build brand loyalty by improving . You basically do the same thing over and over again, for every decision round. However, some values, such as the Wholesale Price have decreased instead of increased. I include tons of free information to give you a leg up on your classmates on my blogroll. It almost worked TOO WELL. . Based on the kind of approach you will use, you might find it useful to keep some of the costs low. Embedded in the magic numbers is a reinforced long-term money-saving strategy that will save you money every year forever! So when following the steps described above, you will have positive ending cash really soon again. It has two components. The first time I played, I did exactly what you are doing: researching the internet. It will be very helpful for us and will be very grateful Do you still have your upload reports of all your years ? Im giving away adeadly secretinsideMagic Year 11 Secrets Revealedthat will make a person number 1 almost no matter what. If you found your highest value for the best net profit, move on to the next value and do the same. Do you have any suggestions? At the same time, youll generate significant amounts of income from the hardest market to extract revenues from. 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! The demand depends on your retails, price and quality. 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. I started with 250 models and S/Q rating of 5.
