However, when pricing your shoes, keep in mind to set the price at least $5 below the wholesale price average. In addition, your Retail Outlets values should always be the highest number possible that you are allowed to enter. Otherwise, their endorsement effect declines. If it is 0%, that is fine as well, do not worry about it. This is also linked to having production facilities in that market to support it. Helped me get to the second place! Play the game multiple times and try to refine your strategies and entrepreneurial skills with each attempt. I am currently dominating my industry, and closing in on the top 100 list! Dave Mar Try out each and every value and note down the highest net profit values. What should I do for year 12 and 13? 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. However, keep in mind that your regional endorsement value should not be higher than 400 in any region. 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 done with your private-label decisions and all significant decisions that affect your net profits. With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. My team and I started the game with minimal knowledge and flailed for the first three decision rounds. The FREE BLOGcovers topics like. Paying dividends will increase your stock price and your ROE. So, play around and find the best combination for your given S/Q rating that yields the highest net profit. Your numbers might be a little bit off due to the reject rates. Most of the decisions you can make here are a waste of money and will not benefit your company. The Business Strategy Game is a real world - real life management simulator where students BSG login to learn about essential business concepts like cost focused strategy, broad differentiation strategy, generic strategy, focused differentitation strategy, and low cost strategy. They have all changed by +2%, just as you plugged it in. Im glad I was able to help and good luck to you! Hi! You want to setEthics Training / Enforcement to All Employees and Workforce Diversity Program to Yes. For only $35, get instant access to the Business Strategy Game Guide. Hello. You can still ship pairs from LA to somewhere else if needed. Thank you in advance! Develop a fictional startup in a choice of industries, playing in modes including entrepreneur, business war or Virtonomics tycoon. Copyright 2018 BGSTips.com | All rights reserved. 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. Again, trying out different combinations and optimizing net profits is key for these values. My guide follows the rule highest net profit is key to success. 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! Do you know why is that? 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). As much as expansion is important to the lifeblood of a company, if you are faced with a situation of people rapidly building a lot of capacity. I see this every semester, and you dont want it to be you. However, try your best. More capacity also brings down your costs. How To Win A Business Simulation Game? The best Business Strategy Game Guide| BSG Help | BSG Guide I now have another question about capacity. Again, it is important that you keep in mind to optimize your profits. Hi, Do not worry about me skipping the Internet Marketing, Wholesale Marketing, and Celebrity Endorsements pages. 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. The second part is the free site resources. R.O.E is the measure of the ability of a company to generate profit. If you see little action on the celebrity market, go ahead and get your celebrities for the lowest price possible ($500). Thank you, Fin! I cant seem to find it. You should slightly increase your dividends year by year. I would always encourage you to bid on available celebrities. congrats on your success! You cannot afford to followsimple techniques and fail! If you have any questions, feel free to come back and ask them. It sometimes works. That combined will give you a good boost for the last year. My friend and I walk through the simulation on how it works. You basically determine and run the market. Yes, its not too late yet to follow through with my tips. Now you begin to understand why I earlier said, that if you use overtime for branded production, you should expand your plant capacity for the next year. 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. 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. That summer, I played in the Business Strategy Game Best Strategy Invitational (BSI) and won that as well. Before you even start plugging in any numbers, it is important that you decide for a strategy to pursue for the game. All the while you get lost on what was really importantto do actuallywin. Be cautious though: Do not only look at the percentage change in net profits, but also at the total value as the total value might change sometimes but the percentage change remains the same. Then, after a lot thought on the matter, I devised an easy method for taking full advantage of currency fluctuations. Thats a relief. Business Strategy Game Tips & Lessons Learned - YouTube Learn how your comment data is processed. By employing the best cost strategy. My group and I are also playing the new version of the game and were little bit lost. I include tons of free information to give you a leg up on your classmates on my blogroll. The best part is that, after it is in place for 3 or more rounds of play, the effects become almost irreversible. Use of my strategy creates a landslide effect that, as you can see, is very devastating to all opponents. No spam. The ULTIMATE Business Strategy Game (BSG) Guide Tutorial - 2022 It is important to toggle your values and find the best combination to maximize your net profit. Whether a member is suggesting a different. I am having trouble getting my company back into the positive ending cash after taking out a loan. Advantage of this is, that you dont have to pay too much attention to your competitors. 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 that's won the Business Strategy 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. Be careful: Sometimes, especially for advertising, numbers that are way off (for example $100 and $8,000) can yield about the same net profit with only a little difference. Hi Yvonne. I suggest to go for maximum profits. You have successfully adjusted to your competitors. The celebrity should also be compatible with the product, for instance, a football player would be ideal for a sports shoe endorsement. Thank you! It took me years to learn this and it would take you years as well but,I know you dont have years. If you have your AP price set to e.g. (In Y11, I did the 5-year loan with 12,000k (7% interest). With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. Login Scroll Down Your browser does not support the video tag. The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. Always keep that in mind when formulating your strategies and leave room for adjustment where necessary. Thank you so much for your suggestion! After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. While being in every market is a goal of a successful multinational company. Hello, thanks for the great strategy, it is working (1st place) ! If you add capacity it will show you the price. 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. You then want to select 0% as the Portion of the $XX mil. It will be very helpful for us and will be very grateful Do you still have your upload reports of all your years ? Same for your superior material. Thats a game changer!! In any Business Strategy Game, including BizMAP, you will not get it 'right' in the first attempt. Other teams in your industry wont stand a chance when you unleash the tactics we teach. So for our strategy, it should be 7 stars at the beginning. It makes sense; the more ads you run, the more your celebrity endorsement will be seen and the more effective it is. In this package you get TheUltimate BSG Solution Guidealong with theIndustry Champion video. No worries, it will be easier after the first few years. and L.A. volumes and finally plug them into the NA manufacturing slot. In addition, the company resembles an athletic footwear company with plant operations instead of outsourcing . When contracting a celebrity, your advertising efforts in the Sales Forecast section should not be low. 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. But I found ZERO helpful information online. If this scares you, it should. Business Strategy Game Help - reddit at least one of the two teams has an S/Q of 8* and low prices so far (yes, they are in first place for now) what do you think we should do?. This is because your competitors are adjusting and trying to find their strategy. Hi, thanks for the great strategy! Im an excel and math geek and started to break the game down and understand it on a deep level. Is this guide guaranteed to make me win? For many students, winning the Business Strategy Gamecan be the difference between PASS and FAIL. 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. 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. Aim for a higher credit rating of B+ or above. There are tons of possibilities in the Business Strategy Game, and the wrong strategy in the wrong circumstance willCOST you the game. In Y12, I paid early payment 12,000k at 8.5% and continued borrowing 70,000k at 4.5% for 5-year). Your interest rates depend on your credit rating and the duration of your loan. Some students even let it ride without making ANY decisions for years! But do whatever is necessary to maximize your profits. Anyone need help with BSG? : r/businessstrategygame - reddit I was thinking about building a LA plant because I took the majority of private label there last year. you should repurchase stock whenever you can. 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. Does it affect any other factors? However, you can successfully apply most of the following tips to either strategy. You need your capacity and it is never a good idea to sell your existing capacity. 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. 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. Celebrities will enhance your marketing efforts and help you sell more shoes. Dont be fooled by Cheap imitation Business Strategy Game guides you might see online. Well some Industry Champions have such an easy time winning because the people theyre going up against simply didnt care about the BSG. With our strategy, you might want to think about getting Option A as well. The C.I.R on the other hand will give you a deeper look into market share, S/Q ratings as well as price. This is why building additional capacity is so important. 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. Private label will help you dominate your competition. You can do this by paying off your loans at the earliest possible time. After you have done this for both the N.A. Waiting to buy them later will lead to an increase in their prices. Business Strategy Game Tips - . Optimizing your values is the essence of the game, even though it might be very time-consuming. The information is these . Year 11 might be over for you. Please post any information pertaining to: strategies, tips, final presentations, case studies, quizzes, etc. In the first years, the estimate of the industry average might be a little off the +2%. Could you win the Business Strategy Game against a bunch of 5th graders? Beating the Business Strategy Game About the Guide. You are playing the BSG but do not want to read the 35-page Players Manual? Hi Lee, But if i decrease my model, I dont think I will be competitive enough to compete with him if he stays with his strategy, what do you think? The Business Strategy Game - Competing in a Global Marketplace One week they might increase, the other they might increase by just a little or even decrease. Theres not right amount of capacity you should purchase. Okay! However, do not rely on those values. For this blog post, I will concentrate on the high-quality + low model strategy. Steal my conservative private label strategy that and immunize your company from bankruptcy. Increase S/Q ratings? Based on the kind of approach you will use, you might find it useful to keep some of the costs low. Should I continue expanding NA or AP and by how much? And should I do stock repurchase this year? If it increases your profits, leave it at Yes, otherwise set it to No. Once you have enough capacity then switch to low SQ approach. Worst case, all the demand is already satisfied in your region before your shoes at a certain price is being considered. When there is a change in any aspect of operations it should be implemented upon approval of all the members. Those are LEARNING REFERENCES written bycommonplace Industry Champions, which teach you how toplay. I cannot make any money there. With my help, tips, techniques, and strategies, your competition doesnt stand a chance! 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. This is actually typical of almost every single Business Strategy Game Industry, as it takes only 1 greedy person to get the ball rolling. Because with more capacity, you can offer more pairs in private label and dominate the market there. 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. Members of the team should have skills and strengths that serve to complement each other for a perfect working synergy. Be objective in your approaches from the beginning of the simulation right to the end. You need this capacity for the private-label market. Two decision rounds later, I was ranking 3rd in the world. You are almost done for the Sales Forecast decision page. 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. I am getting my butt kicked! As a company wants to be in every market, it will be important to . The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. I have placed this manual and an easy-to-use currency spreadsheet on this site for you. Hi! Is there a system to beating the game? Strategies, decision screens, reports and tests. I never really watched my EPS or credit rating (ofc credit rating should be a B at least). Avg. values have changed. thank you:). Choosing a Strategy - BeatBSG 4. Those that are already playing the BSG Online and perhaps want an edge over the competition. Do not worry about your market share percentage or any other value than your net profit. By clicking on the Purchase Capacity button, you can see whether someone else did the mistake and sold capacity. BSG Guide - How to Win the Business Strategy Game Im play a new version of BSG ,we have already completed year 17 and now our team have a problem with struck in the middle stage that cost cant decrease more and this year other company in the industry have a high SQ star and low cost (price war) that we cant fight them because our cost is too high. Since youre only in the second year, I would honestly decrease your models to 50. 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. Those that are already playing the BSG Online and are going bankrupt and/or are dead last. Sure, you can ask anytime This like a trial and error process and does not necessarily have to make sense. 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. These are some of the tips you can use to win the business strategy game. BSG 2017 - Business Strategy Game - Guide How To Win - V2 Business Strategy Game Tips - Which Market Should I Produce Shoes In It makes sense to do the upgrade before adding capacity. Which wholesale are you referring to? 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. After a couple of decision rounds, you will get a feeling for it and it will become easier, no worries. However, my net profit is still negative even after i have adjusted the private-label. I would like to ask you about the Dividends. You basically do the same thing over and over again, for every decision round. Is there anyway to increase the demand for my shoes in the internet/wholesale markets? Setting up a successful business requires time, money, a lot of hard work . Also, I suggest not decreasing your dividends. So your costs will be relatively low as well and the private label will be a very important factor of yours. You might have the highest profits with 0 advertising budget. I recommend increasing capacity and keep focusing on your profits. Understanding all these reports will help you stay ahead of your competition as well as come up with the strategies that will enable you to perform better in the simulation. I will just adjust it first and see what happens, thanks a lot:). It almost worked TOO WELL. Strategies, decision screens, reports and tests. update them with tips and food for thought from the paid guide. The information is these guides is laid out, and displayed, in such a way . If you have any questions, suggestions, or comments feel free to comment and I will do my best to help you out. So, should I decrease pay dividends here to $0.15? Strategy and Execution is your shield and sword for Conquering the Industry. Using this as a base strategy has yielded good results in my experiences. Displaying corporate citizenship in a responsible and socially acceptable manner for not less than 4 years. So when following the steps described above, you will have positive ending cash really soon again. Set Models Offered to 50 and Free Shipping to No. Its not too late to do that yet. I believe it varies based on your games situation. Do not worry about those numbers, they will just show you whether your investment is profitable or not. 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. At the same time, youll generate significant amounts of income from the hardest market to extract revenues from. Hi. Hi there! The fact that you are looking for help mean. Here, you have the opportunity to sell your existing capacity. 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. For your company to be on the right track the R.O.E should be at least 15% annually. To be a Business Strategy Game Grand Champion, you have to firmly understand every nitty-gritty little detail within the Business Strategy Game Manual. In this blog post, I will run you through everything important that you have to know about the BSG and how to win it. Okay! is it because I need to add capacity? 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. . Learn the single most powerful strategic financial decision you can make that WILL, Discover why one business level strategy is FAR SUPERIOR to all the others and why you will surely lose if youre not implementing it, Learn in plain English what each decision screen does and the data thats important to manipulate to win, Learn how to pull yourself out of debt instantly even if youre bankrupt or dead-last, Learn which industry reports you MUST pay attention to and how to interpret them, Discover the single-most common mistake that students make and why you MUST avoid it at ALL COSTS, Learn which regions you should build factories in and which regions you should steer clear of. The strategy utilized is broad and will allow your company to decide in what direction you want to take your company after to win Business Strategy Game. I daily (thank you, Hootsuite, for making it so easy!) 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. Business Strategy Game Cheats I Best BSG Game Cheats 2022 After you have done this, you might notice that your Your Estimate of the Ind. 6 Effective Business Simulation Games Teaching Strategies However, do not price your shoes too high, so that your competitors have a lower price than you and will sell their shoes first. Here, you will plug in your previously calculated regional total sales volume for each region. If Im wrong, Ill post another comment. To boost earnings per share (E.P.S) you can use the cash at hand to retire and repurchase any outstanding shares. This has been very useful. One way you can maximize the R.O.E is to purchase stock at the earliest possible time. Every game in the Business Strategy Game starts out the same. I adjusted a little bit and the forecast is now close to previous years. This is extremely easy and if thats all you want, then grab The Ultimate BSG Solution right now and guarantee your success. Business Strategy Game - Capitalism Lab. Anyhow, recalling that I could find no helpful information about the game when I looked, I decided to put together a manual that would be helpful to future students of the game. Let us move on to the tricky part of this decision page. Embedded in the magic numbers is a reinforced long-term money-saving strategy that will save you money every year forever! Business Strategy Game | Play Free Online - MBA Crystal Ball The guide also features step by step instructions in how to manage decision screens in making the best decision. The private-label market is a very nice opportunity to gain an advantage off your competitors and take their market share. Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. Those that havent played the BSG Online yet and are researching online for every advantage they can find. The private-label sector is something you do not want to miss out on, especially with our high quality, low models strategy. I want to thank you for visiting my Business Strategy Game (BSG Online) website. AcquireThe Edgethat separates aGrand Championfrom an Industry Champion.