Here is a chart again tho show you the process: If your regular production capacity is not sufficient, use overtime. It only takes 10-15 minutes to put the numbers in the right spotsto make yourself an Industry leader. Hello. The best Business Strategy Game Guide| BSG Help | BSG Guide The best part is that, after it is in place for 3 or more rounds of play, the effects become almost irreversible. Learn how your comment data is processed. But strategy wise I always sticked to my maximum net profit strategy which you can do no matter your competitors strategy. By employing the best cost strategy. 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. PDF The Business Strategy Game - California State University, Northridge Since youre only in the second year, I would honestly decrease your models to 50. 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%. 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. In this package you get TheUltimate BSG Solution Guidealong with theIndustry Champion video. Im an excel and math geek and started to break the game down and understand it on a deep level. It took me years to learn this and it would take you years as well but,I know you dont have years. Embedded in the magic numbers is a reinforced long-term money-saving strategy that will save you money every year forever! Download Magic Year 11 Secrets Revealed NOW. . It will be very helpful for us and will be very grateful Do you still have your upload reports of all your years ? The information is these guides is laid out, and displayed, in such a way . The styling/quality (S/Q) ratio of the business venture in the different geographic locations they operate in. I know every strategy, secret, and tip you can possibly imagine about the Business Strategy Game, and Im willing to share them with you. And he also purchase 4000 capacity in the first year but no advertising expenses. You basically determine and run the market. With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. If you have any questions, comments, concerns, or feedback, click on my name below and Ill respond to you as quickly as I can. This enhances the marketing efforts for the brand. If you have your AP price set to e.g. These Business Strategy Games Teach You to Plan Ahead Hence, try to keep your internet price at least 40% higher than your wholesale price. 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. Its not too bad, no worries. After you are done, move on the left side and do the same for your internet sales. The decision is due tonight I am so nervous but the performance score so far looks good. BSG Report, Part 2 - BeatBSG 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. Paying off these loans in advance has the advantage that you will pay less interest over the coming years. In the first years, the estimate of the industry average might be a little off the +2%. 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. 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. . . Using this as a base strategy has yielded good results in my experiences. This would leave you with a bunch of shoes unsold. My question is what if I decreased the pay dividends to $0.15 from $1.00? The second part is the free site resources. Currently, were selling 150 models. You can also pay dividends to your shareholders. R.O.E is the measure of the ability of a company to generate profit. 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. 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. Here, you will decide for how much your shoe is going to sell. Sometimes, clearing your beginning inventory at a discount will boost your profits. Hi Dennis. In the upper left box, you have available sources of additional cash. When starting the BSG, you have two long-term loans; one for 5 years, the other one for 10 years. I still think its a waste to build a plant there, unless youre selling tons of shoes (high models, mid SQ). So I have plant in NA, EA and AP, but right now I am only using 70% of the capacity because the demand is quite small for me. You should pay attention that your S/Q Rating of Branded Pairs Produced matches your value on the Sales Forecast page. Every single member should be given the venue to express their thoughts clearly. It makes sense; the more ads you run, the more your celebrity endorsement will be seen and the more effective it is. You dont have to care about your retail outlets anymore so adjust the price so maximize your net profit, without the 40% rule. Unused capacity kills your numbers and profits! I always went with 500 every second year, but it depends on your market and competitors. My direct competitor is now selling 8 stars with more than 400 models in wholesale so I think i will be at a even better position selling 50 models. I usually go ahead and plug in whole dollar amounts for the wholesale price and see how net profit changes. When coming up with a CSR initiative, ensure that the budget can be sustained over time without burdening the company. If this scares you, it should. 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 is the paid guide. More capacity also brings down your costs. This means, without increasing your superior material or enhanced styling / features, you gain 1 star. You will also receive a copy of Currency Made Simple. Business Strategy Game Cheats I Best BSG Game Cheats 2022 Business Strategy Game Help - reddit You are now all set to dominate your industry and win the BSG! This decision page deals with your plants. In addition, the company resembles an athletic footwear company with plant operations instead of outsourcing . 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. You need this capacity for the private-label market. 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. The Business Strategy Game or BSG is a simulation game used by, different colleges for their Business capstone. You might have the highest profits with 0 advertising budget. Dave Mar Business Strategy Game Tips - Which Market Should I Produce Shoes In unfortunately I have no experience with adjusting to my strategy in the late-game. You are now done with all your decisions for the Corporate Citizenship decision page and should hit the Save Decisions button on the upper right-hand corner. 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. Every game in the Business Strategy Game starts out the same. Be in it for the long haul In addition, your Retail Outlets values should always be the highest number possible that you are allowed to enter. Im giving away adeadly secretinsideMagic Year 11 Secrets Revealedthat will make a person number 1 almost no matter what. Set Models Offered to 50 and Free Shipping to No. Oh, how I wish I had known all this before I began playing. 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. Most Industry competitorsarentable to replicate high results when they face tougher opponentsand have asimpleunderstanding of the Business Strategy Game. Again, try out each percentage for each region and set it to the percentage that yields the highest profits. Tips on How to Win the Business Strategy Game (BSG) I was thinking about building a LA plant because I took the majority of private label there last year. 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. 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. As a company wants to be in every market, it will be important to . It makes sense to do the upgrade before adding capacity. The knowledge to exasperate competitor weaknesses and curb competitor strengths lies in the strategic knowledge in the model. 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. Hence, you will only focus on the two following decisions that are worth their money as they increase your image rating the most. Do the same for your E-A and A-P volumes and plug them into the A-P manufacturing slot. The rule of the game is to compete with the other students' teams to stay ahead to gain a competitive advantage over other teams. This means, you decide about the S/Q Rating of your branded pairs produced and your compensation and training for your employees. In addition, you have the option to repurchase your stock. The ULTIMATE Business Strategy Game (BSG) Guide Tutorial - 2022 I promise you my techniques and tips are fully replicable and have kept me theundefeatedall theseYears! Business Strategy Game Tips Guide Introduction Video It has two components. Instantly Jump Your Business Strategy Game Score 10 Points for FREE! It covers in detail all of the strategies, concepts, software features and tricks necessary to win the McGraw-Hill Business Strategy Game. Hence, keep track of the industrys internet price and how it changes. The same accounts for your Change in Annual Base Wages and Incentive Pay values. Hi Yvonne. After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. Optimizing your values is the essence of the game, even though it might be very time-consuming. 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). Hi, This isthe lazy wayof winning the Business Strategy Game and requires very little knowledge and effort on your part. No spam. Entering year 15 I am still doing 8 star but the demand forecast is super low. What should I do in this case? However, do not price your shoes too high, so that your competitors have a lower price than you and will sell their shoes first. It might be tedious work and consumes a lot of time, but it will definitely worth it and will let you win the BSG. 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. Otherwise you will not sell any shoe either. Thank you so much for the good recommendations. So for the last year I didnt stick to the rule that the internet price has to be 40% higher than the wholesale price. Do you have any suggestions? 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. This can be a very tricky decision and you need to analyze your competitors prices. So, why not win the Business Strategy Game and stop your worrying. Anyone need help with BSG? : r/businessstrategygame - reddit Players must make decisions to build brand loyalty by improving . 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. Any questions you have or any problems you encounter,you can get my expert advice asa BSG Grand Champion. Yeah I will hold on to that for now. Well some Industry Champions have such an easy time winning because the people theyre going up against simply didnt care about the BSG. I have experienced different behavior with bidding on celebrities. Try out different combinations that keep you at 8* and the highest possible net profit. Especially with our high quality and low models strategy, this will be very beneficial and will safe you some money. And profit is what the game is all about. MyNewVideo Guide leaves nothing to the imagination. Repurchasing stock will boost both your EPS and ROE. However, when pricing your shoes, keep in mind to set the price at least $5 below the wholesale price average. This is why building additional capacity is so important. Even though this game is said to be a business simulation, get rid of the thought that all decisions have to make sense and be logical. im at year 17 and perfect score twice, 1st in last 3 years and 2nd twice. How to solves this situation ,have you given us any suggestion. 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. 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. Play with your numbers around and tweak them to generate maximum net profit. You now have an estimate of how many shoes you are going to sell in each region. If you found your highest value for the best net profit, move on to the next value and do the same. 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 will lead to greater visibility for your company and thus a boost in the image rating. More than often they drone on and on about BSG, to the point, its barely relevant toimpress you with abunch of words. Set your price to whatever maximizes your profits. 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! 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. No spam ever. You will soon know why. Now, decide to which region you want to ship your private-label shoes. My team and I started the game with minimal knowledge and flailed for the first three decision rounds. Like I explained in my blog post, do everything that is necessary to increase and maximize your net profits. BSG 2017 - Business Strategy Game - Guide How To Win - V2 The most important advice in advance: it is all about PROFIT. We offer free, unlimited fast support to answer any questions. It didnt matter how competitive they were, how motivated they were, or whether they were Industry Champions. Business simulation games allow you to experience certain aspects of running a business in a completely virtual, consequence-free environment. Obviously, the other teams and their decisions will play the biggest role in how you play the game, but this is a good starting point for how the game works and . This game can be overwhelming, so anything to help other players! I suggest you upgrade your browser. I cant seem to find it. 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. The closer your actual numbers are to your estimates, the more likely it will be that you earn bonus points from the Bulls Eye Award (be within a 5% range of the estimates). The BSG Game went through a major revision in the beginning of 2019. Any advice? With this, they raised the global capacity to 30,000 when the potential global demand (including private label) is only 24,218. The guide features my original model that provides explanation on strategic positioning in BSG which was developed specifically to expose competitors strengths weaknesses at a glance. In the upper right box, you can spend your excessive cash. You have to dissect your competition and forecast their every move. Theguide will show you how to make your company lean and agile to cope with the industrys marketplace. You might think that using green footwear materials or using recycled boxing / packaging is a good decision, especially with the currently ongoing environmental debates. There is a huge difference of learningHow To Winand learning the basics of the game. 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. 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. and L.A. in North America to reduce costs because ofNAFTA. So for our strategy, it should be 7 stars at the beginning. It will be, trust me. I am currently dominating my industry, and closing in on the top 100 list! So where to look at this thing, as soon as you start the BSG Online Game. Wow, you are done! Best strategy guides for bsg online how to win bsg (business strategy game) have spent years of ten dedicated men practicing the bsg online games with over DismissTry Ask an Expert Ask an Expert Sign inRegister Sign inRegister Home Ask an ExpertNew My Library Discovery Institutions University of Law University of Greenwich University College London This site uses Akismet to reduce spam. I will talk about the Celebrity Endorsements page later. 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. How can I increase my game score? I will explain soon, how to increase plant capacity and why we need the capacity for private label. sales volume estimate. I am in Y12, and I am adjusting for Y13. or A-P plant. However, keep in mind that your regional endorsement value should not be higher than 400 in any region. 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. But this year the shipping is too high from AP to LA so I cannot make any money from LA. That being said, when you go with the strategy explained in my post, you will have maximized profits. Yes, its not too late yet to follow through with my tips. According to the change, you can estimate the next years average industry internet price and plug it in. 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. Worst case, all the demand is already satisfied in your region before your shoes at a certain price is being considered. However, the private-label market is set up the way that only a limited demand is given each year. Max OUTyour production with the high quality shoes at the lowest possible cost. Profit is the key to success in this game! Write down each regions reject rates and add them up to the regions estimates sales volume. However, you can successfully apply most of the following tips to either strategy. Pay attention to the plant upgrade options as well. When there is a change in any aspect of operations it should be implemented upon approval of all the members. Should I decrease the pay dividends and do stock repurchase in Y13? 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. Here's a free video of things to watch out for while you are running your shoe company and competing in the BSG. 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. You want to setEthics Training / Enforcement to All Employees and Workforce Diversity Program to Yes. After watching this comprehensive 75 minute video I haverecentlyfilmed, you will know exactly what you need to do to be successful. This is because your competitors are adjusting and trying to find their strategy. One way you can maximize the R.O.E is to purchase stock at the earliest possible time. Select +2% for the Percent Change in Competitive Impact of All Other Factors from Previous Year. 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). I am the longest known active Business Strategy Game player with a career stretching back to 2006 and throughmultiple versions of BSG. The Business Strategy Game - Competing in a Global Marketplace It is not. How did your 2nd decision go? Aim to dominate at least a quarter of the market share in every geographical area of your companys operations. When I played the game, I barely looked at what my competitors were doing. thank you for your help. thank you:). I am a Business Strategy Game Grand Champion. However, it is not necessary and Option C is definitely more effective. Do not price your shoes too low, so that you will not make any profits with your sales. Here are factors to be considered before picking a celebrity. Again, maximizing net profit is all you care about with our strategy determined at the beginning. 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. I'm back with this updated video full of helpful tips so you can tackle the. Can you tell us more about the strategy you had ? The first time I played, I did exactly what you are doing: researching the internet. Business Strategy Game (BSG) Helpful Tips!!! - YouTube Is this guide guaranteed to make me win? You basically do the same thing over and over again, for every decision round. 2. However, you should keep on thing in mind: Your internet price should ideally be 40% higher than your wholesale price. With more inventory, however, you can put more shoes into private label which is a really important aspect of the game. Yeah I had that in the first weeks as well. is it because I need to add capacity? So your costs will be relatively low as well and the private label will be a very important factor of yours. For your company to be on the right track the R.O.E should be at least 15% annually. However, if done right, it is worth the time as it will yield the maximum profit possible and success in your industry. Is there anyway to increase the demand for my shoes in the internet/wholesale markets? Login Scroll Down Your browser does not support the video tag. BSG Guide - How to Win the Business Strategy Game Personally, I would do a higher SQ to start things out while you are building capacity to match the low quality-high model approach. 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. (Im adjusting for Y13 now). Your interest rates depend on your credit rating and the duration of your loan. If you add capacity it will show you the price. Pay loans faster. 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. 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. In the Private-Label Production field, use all your remaining available capacity, even overtime. I would like to ask you about the Dividends. So, multiply your sales volume for the wholesale segment for each region by 1.2.
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