Hi, youre welcome. However, keep in mind that your regional endorsement value should not be higher than 400 in any region. You will soon know why. 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. 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! In this package you get TheUltimate BSG Solution Guidealong with theIndustry Champion video. 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. For this blog post, I will concentrate on the high-quality + low model strategy. The fact that you are looking for help mean. 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. You dont have to care about your retail outlets anymore so adjust the price so maximize your net profit, without the 40% rule. Thats one of the things you should never do because you can always use capacity. Year 11 might be over for you. I daily (thank you, Hootsuite, for making it so easy!) 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! Period. Almost done, the last decision page. Thats a game changer!! But I found ZERO helpful information online. So your costs will be relatively low as well and the private label will be a very important factor of yours. 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. So, should I decrease pay dividends here to $0.15? . Percentage of Superior Materials, Number of Models, Enhanced Styling / Features, TQM / Six Sigma Quality Program, and Best Practices Training all affect the S/Q Rating. Hi Dennis. 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). It is a show to the investors whether their investment is performing well. Always Have A Backup Plan. Please delete one if there is an extra comment. Hi! Increase models? I guess because i grew too fast last week, this weeks net profit is negative (I didnt make any adjustment yet). 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. 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. The private-label sector is something you do not want to miss out on, especially with our high quality, low models strategy. After you have calculated the manufacturing volume for each region, add up your N.A. Steal my conservative private label strategy that and immunize your company from bankruptcy. How did your 2nd decision go? Dave Mar You might think that using green footwear materials or using recycled boxing / packaging is a good decision, especially with the currently ongoing environmental debates. I highly recommend starting below with my free tips guide. 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. 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. And then I would just follow my tips and adjust all other values to maximize profits. My stupidness did not know that I should not pay dividends when I am in 5-year-loan, so I did not adjust any part in Finance Cash Flow except for borrowing. When you sign up for BSG Tips, youre not alone. Im giving away adeadly secretinsideMagic Year 11 Secrets Revealedthat will make a person number 1 almost no matter what. Fin. However, with a reasonable price. You will need those numbers later on. 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. Using a game strategy to push a business forward is a different approach, but it has been proven successful for many. I took first in the world seven out of ten decision rounds and won the BSI again when my MBA program used the McGraw Hill Business Strategy Game simulation as a learning tool also. we are having a horrible time of having left over inventory .. we are in year 13 and our numbers are ok we were 1st place last on year 11 and second place on year 12 but i having a feeling we have been focusing so much on our current numbers we arent going to end well any advise on what we should do on inventory and other sections of the game. Play the game multiple times and try to refine your strategies and entrepreneurial skills with each attempt. Business strategy games are a type of computer or board game that simulates the decision-making processes involved in running a business. Instantly Jump Your Business Strategy Game Score 10 Points for FREE! Hi. Let me know if you have any more questions. Yes, I would definitely do plant upgrade option C! 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 On this page, you will set your values for your branded production. 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. You will also receive a copy of Currency Made Simple. Im an excel and math geek and started to break the game down and understand it on a deep level. The information is these . I know every strategy, secret, and tip you can possibly imagine about the Business Strategy Game, and Im willing to share them with you. So when looking for advice on how to win business simulation games, the first one you should give them is to take the time to learn the effects of marketing, R&D, logistics and finance on one another and leave thinking in silos behind. The BSG Game went through a major revision in the beginning of 2019. So for the last year I didnt stick to the rule that the internet price has to be 40% higher than the wholesale price. Private label will help you dominate your competition. The most important advice in advance: it is all about PROFIT. The information is these guides is laid out, and displayed, in such a way that crucial decisions should be a breeze. And should I do stock repurchase this year? update them with tips and food for thought from the paid guide. It almost worked TOO WELL. Hello. When doing so, you have to plug in numbers for the assumptions section in the new window. However, if you happen to use overtime at either of the two plants, plan on increasing the plants capacity in this decision round. If you have any questions, comments, concerns, or feedback, click on my name below and Ill respond to you as quickly as I can. How Much Capacity Should My Company Have? Id also like to point out that it appears the developers threw out NAFTA in the new version, so tariffs hurt pretty bad in Latin America. Ship all the other shoes for the Europe-African warehouses and the Asia-Pacific warehouses from the Asian-Pacific plant. The celebrity should also be compatible with the product, for instance, a football player would be ideal for a sports shoe endorsement. 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. 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.) When I played the game, I barely looked at what my competitors were doing. Then, after a lot thought on the matter, I devised an easy method for taking full advantage of currency fluctuations. Thank you so much for your reply! For only $35, get instant access to the Business Strategy Game Guide. You do not want that to happen, especially because your internet sales only account for a small percentage of your entire sales. Hi, Theguide will show you how to make your company lean and agile to cope with the industrys marketplace. 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. Like I explained in my blog post, do everything that is necessary to increase and maximize your net profits. I will walk you through each page chronologically. But again, thanks! Your competitors are most likely looking for this information too. Do not price your shoes too low, so that you will not make any profits with your sales. im at year 17 and perfect score twice, 1st in last 3 years and 2nd twice. Weve solved EVERYTHING for you. Select from a pool of diverse individuals who will bring in different opinions and perspectives to the team. Aim to dominate at least a quarter of the market share in every geographical area of your companys operations. Be in it for the long haul If you found your highest value for the best net profit, move on to the next value and do the same. Contact the Grand Championand Learn more about the BSG. 5. Exactly. Here is a chart again tho show you the process: If your regular production capacity is not sufficient, use overtime. I include tons of free information to give you a leg up on your classmates on my blogroll. Hi Lee, You are now all set to dominate your industry and win the BSG! Everyone has the same advantage as the team next to them. These games often involve managing resources, making . . Any advice? 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. Using this as a base strategy has yielded good results in my experiences. Set Models Offered to 50 and Free Shipping to No. honestly i started with 150 models at 6 stars and went to 200 and 7 stars, 8 in private label. Here's a free video of things to watch out for while you are running your shoe company and competing in the BSG. Here, you have the opportunity to sell your existing capacity. However, it is not necessary and Option C is definitely more effective. 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. A quick e-mail to your inbox. Develop a fictional startup in a choice of industries, playing in modes including entrepreneur, business war or Virtonomics tycoon. More capacity also brings down your costs. Displaying corporate citizenship in a responsible and socially acceptable manner for not less than 4 years. This means, you decide about the S/Q Rating of your branded pairs produced and your compensation and training for your employees. If not, I dont see the need to purchase equipment in order to make more shoes until the demand begins to encroach upon my shoe making capacity. update them with tips and food for thought from the paid guide. You possible might decrease your net profits with this, but it is definitely worth it and will pay off in the long-run. Leave everything else unchanged. Switch between different advertising budgets to see which strategy will be the most cost-effective to capture the target market at the best price. Celebrities will enhance your marketing efforts and help you sell more shoes. 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. Sometimes, clearing your beginning inventory at a discount will boost your profits. The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. How and when to buy celebrity endorsements at the BSG-Online. Could you win the Business Strategy Game against a bunch of 5th graders? Good communication skills. As I played the game, I discovered that I could use some fairly simple math to massively increase my game score. Is this guide guaranteed to make me win? Im playing the new version of the game, and your guide has worked perfectly for the first two years! These simulation games can help you develop hard. 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. Personally, I would do a higher SQ to start things out while you are building capacity to match the low quality-high model approach. Concerning changing others values, I recommend reading my initial post where I have explained everything in detail. My team and I started the game with minimal knowledge and flailed for the first three decision rounds. Business Strategy Game player with a career stretching back to 2006 and throughmultiple versions of BSG. I just have a quick question. Thats the highest achievement you can attain. As I keep reading online about different strategies to win, there are some postings that are aligned with the strategy of low quantity of models offered at a high quality and keep increasing capacity. There should be a balance. Use the remaining 30% capacity to sell shows in private-label! While those two values do not change your S/Q rating, they will change your net profits. When you are deciding whether to upgrade your plant capacity, time is an essential factor. I believe it varies based on your games situation. Now, decide to which region you want to ship your private-label shoes. The same accounts for your Change in Annual Base Wages and Incentive Pay values. (In Y11, I did the 5-year loan with 12,000k (7% interest). Its not too late to do that yet. This is where consumers get the best quality of footwear at the lowest possible price, therefore ensuring value for their money. We had a bunch of copycats in practice year 12, but nobody has figured our profit-maximizing, low-cost strategy, and now theyre pursuing higher models in the real game. However, after 3-4 years, your competitors will settle and changes will be more predictable. And it is pretty difficult for other teams to see what you are doing to them before it is too late. 7 Winning Tips and Strategies for the Business Strategy Game (Bsg) 2022-10-12. Business strategy game Rating: 7,4/10 916 reviews. Most of the decisions you can make here are a waste of money and will not benefit your company. Set your price to whatever maximizes your profits. This like a trial and error process and does not necessarily have to make sense. So what are some of the qualifications you should be on the lookout for when picking your team? For many students, winning the Business Strategy Gamecan be the difference between PASS and FAIL. Just plug in numbers and note down your net profit values. So for our strategy, it should be 7 stars at the beginning. 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. I will explain soon, how to increase plant capacity and why we need the capacity for private label. In this section, you can upgrade your plants. Theres not right amount of capacity you should purchase. My group and I are also playing the new version of the game and were little bit lost. This is actually typical of almost every single Business Strategy Game Industry, as it takes only 1 greedy person to get the ball rolling. Especially with our high quality and low models strategy, this will be very beneficial and will safe you some money. Do this for all four regions. Also, I suggest not decreasing your dividends. You cannot afford to followsimple techniques and fail! I am currently dominating my industry, and closing in on the top 100 list! 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! First, click on the Adjust Competitive Intensity button that can be found on the top middle of the page. Learn More After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. After you have found the right price, click the Save Decisions button. So, multiply your sales volume for the wholesale segment for each region by 1.2. 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. In any Business Strategy Game, including BizMAP, you will not get it 'right' in the first attempt. One week they might increase, the other they might increase by just a little or even decrease. Ideally, you can cut your employees wages and will increase profit. The Capitalism series is widely regarded as the best business strategy game series ever created. Oh, how I wish I had known all this before I began playing. You can decide to sell or purchase available capacity, upgrade your plants, build new plants in other regions, or add capacity to already existing plants. In Y12, I paid early payment 12,000k at 8.5% and continued borrowing 70,000k at 4.5% for 5-year). However, you can successfully apply most of the following tips to either strategy. 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. Before you even start plugging in any numbers, it is important that you decide for a strategy to pursue for the game. In the case where other competitors are employing this strategy; strive to be the first team to get the most points. 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. 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. In addition, your Retail Outlets values should always be the highest number possible that you are allowed to enter. However, there are still some other voluntary decision that will prepare you for future decisions. 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. In this article, you will explore some of the strategies and tips that should be employed to boost your winning chances. Do you have any suggestions? Emerging on top of this simulation can be quite a challenge. If this is still not enough, add the missing shoes to the other plants Branded Pairs to be Manufactured in Year XX number. After you have done this, you might notice that your Your Estimate of the Ind. Wow, you are done! Virtonomics. sales volume estimate. Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. You need your capacity and it is never a good idea to sell your existing capacity. 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. Hence, try to keep your internet price at least 40% higher than your wholesale price. 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. Hi! I have also included a Special 30 minuteAudio Companion for the Magic Numbers that is great for Year 11 starters! Like I said before, you should be building capacity, yes. I have placed this manual and an easy-to-use currency spreadsheet on this site for you. You want to setEthics Training / Enforcement to All Employees and Workforce Diversity Program to Yes. 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. MyNewVideo Guide leaves nothing to the imagination. You will also receive a copy of Currency Made Simple. 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 . On this decision page, you can bid on celebrities. The first is the paid guide. Hence, keep track of the industrys internet price and how it changes. Hi! Two decision rounds later, I was ranking 3rd in the world. Thank you, Fin! 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). First, set your Number of Models to 50, as determined earlier at the Sales Forecast page. 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 will get the hang of it after the first few decision rounds as it is always the same procedure. Buy I have quite a lot ending cash. Waiting to buy them later will lead to an increase in their prices. I cant seem to find it. But the plant page did say not recommend to build the plant so I was hesitating. Furthermore, I spent all my cash on hand for dividends and stock repurchase to increase my ROE and EPS as much as possible. For only $35, get instant access to the Business Strategy Game Guide. 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. 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. No spam ever. Always keep that in mind when formulating your strategies and leave room for adjustment where necessary. 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). 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. Same with all the other values, like I described in my blog post And then use all your remaining shoes for the private label market. I include tons of free information to give you a leg up on your classmates on my blogroll. Now, I am worried about the future rounds. However, to be able to do so, you need available capacity. Is it too late to reduce that to 50 as you suggested in your recommendation? Turn delivery time to four weeks because it has no noticeable effect on sales but significantly affects EPS and Net Profit. I did not stock issues or issue purchase in the those years. Look over the shoulder of a Business Strategy Game Grand Champion and see how he pulled off his overwhelming victory. And you said I should only add capacity onto existing ones instead of building a new one in LA right? This is also linked to having production facilities in that market to support it. This Reddit is dedicated to help undergraduate and graduate students excel at the McGraw-Hill Business Strategy Game or BSG-Online. The importance of buying back stock early and how buying back stock gives you an edge in the game. like should I just follow your tips through all because I kind of get on a bad start. I dont know why the game suddenly changed your numbers but I recommend using every last bit of your capacity. 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? From the desk of: a Business Strategy Game Grand Champion. With my help, tips, techniques, and strategies, your competition doesnt stand a chance! Do not worry about those numbers, they will just show you whether your investment is profitable or not. Two of the most important things to do here are analyzing your competition and optimizing your values. So the question is: would you recommend for my team to still increase capacity despite this fact? While your regional sales volume for the internet segment is a good estimate, the estimates for the wholesale segments are not. I recommend increasing capacity and keep focusing on your profits. For further explanation, please read my blog post. 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. On this screen, you can handle your financial decisions for your company. This means, without increasing your superior material or enhanced styling / features, you gain 1 star. My undergraduate business strategy teacher made us play the BSG-Online simulation for 40% of our grade. This decision page deals with your plants. If it is lower than 40%, your wholesale price will be in competition with your internet price. 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. 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. This site uses Akismet to reduce spam. The first time I played, I did exactly what you are doing: researching the internet. Does it hurt any other factors? Do not worry about me skipping the Internet Marketing, Wholesale Marketing, and Celebrity Endorsements pages. By clicking on the Purchase Capacity button, you can see whether someone else did the mistake and sold capacity.