You will also receive a copy of Currency Made Simple. No spam. 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. The demand depends on your retails, price and quality. This would leave you with a bunch of shoes unsold. 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. Some students even let it ride without making ANY decisions for years! The Capitalism series is widely regarded as the best business strategy game series ever created. However, after 3-4 years, your competitors will settle and changes will be more predictable. On this page, you will optimize your entries and toggle each value until your reach the maximum profit possible for each entry. If I have further questions do you mind I ask you for help? Again, maximizing net profit is all you care about with our strategy determined at the beginning. Hello. 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. Business Strategy Game - Capitalism Lab. Ive turned dead-last severely bankrupt companies into Industry Champions with just two years left in the game. Sometimes, clearing your beginning inventory at a discount will boost your profits. Heres What You Get in The Ultimate BSG Solution Monster Package: The Ultimate BSG Solution Guide was written by an old established BSG Grand Champion. With our strategy in mind, I would recommend addition capacity to already existing plants rather than constructing a plant in a new region. Select +2% for the Percent Change in Competitive Impact of All Other Factors from Previous Year. When I played the game, I barely looked at what my competitors were doing. You cannot afford to followsimple techniques and fail! 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. Use of my strategy creates a landslide effect that, as you can see, is very devastating to all opponents. Ive played the Business Strategy Game many times through and have completely dominated my opponents every single round of every single game. Hello, thanks for the great strategy, it is working (1st place) ! Learn how your comment data is processed. The C.I.R on the other hand will give you a deeper look into market share, S/Q ratings as well as price. They have all changed by +2%, just as you plugged it in. Also do you know the cost of building additional capacity. 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. 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%. Do this for all four regions. 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. For further explanation, please read my blog post. Thats the highest achievement you can attain. Now, decide to which region you want to ship your private-label shoes. Authorize your construction and you save your decisions. You need the capacity for the private label market. Your competitors are most likely looking for this information too. I will just adjust it first and see what happens, thanks a lot:). Before you even start plugging in any numbers, it is important that you decide for a strategy to pursue for the game. Thanks a lot! This is where consumers get the best quality of footwear at the lowest possible price, therefore ensuring value for their money. update them with tips and food for thought from the paid guide. $50.66 but $50.67 gives you higher profits, go for the higher prices. No spam ever. thank you for your help. 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? Sounds good, congrats! (meaning I decreases it from $1.00 to $0.15). You can do this by paying off your loans at the earliest possible time. First, click on the Adjust Competitive Intensity button that can be found on the top middle of the page. You basically do the same thing over and over again, for every decision round. Here, you will decide for how much your shoe is going to sell. Please post any information pertaining to: strategies, tips, final presentations, case studies, quizzes, etc. Again, it is important that you keep in mind to optimize your profits. You will get the hang of it after the first few decision rounds as it is always the same procedure. 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 I feel you. You do not want that to happen, especially because your internet sales only account for a small percentage of your entire sales. havr the highest stock price, image rating at 90, A+ still, and double digit EPS. It almost worked TOO WELL. 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. Focus on Net Profit, ROE (very important), Credit Rating, Image Rating is quite easy to control and also Stock Prices. Hi, youre welcome. But do whatever is necessary to maximize your profits. A quick e-mail to your inbox. You need this capacity for the private-label market. I will walk you through each page chronologically. Here are factors to be considered before picking a celebrity. Selecting the members that will form your team is very crucial as you will be working together to ensure the success of your company. 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. I have experienced different behavior with bidding on celebrities. 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. Written by an Undefeated Business Strategy Game Grand Champion. Learn a little more about the theoretical concepts behind the game in our Free MBA course. If this is still not enough, add the missing shoes to the other plants Branded Pairs to be Manufactured in Year XX number. 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? Dont let them beat you to it or you simply wont stand achance. You cannot afford to followsimple techniques and fail! After watching this comprehensive 75 minute video I haverecentlyfilmed, you will know exactly what you need to do to be successful. you should repurchase stock whenever you can. It sometimes works. Okay! Those that are already playing the BSG Online and perhaps want an edge over the competition. You almost can never have enough capacity because what you dont sell in branded, you can sell in private label and dumb prices there and take away your competitors market share. I prioritize building additional capacity and purchasing plant upgrades. 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! 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. However, try your best. From experience Id say tho that it is already too late to adjust to my strategy presented. Here, you will plug in your previously calculated regional total sales volume for each region. Just plug in numbers and note down your net profit values. These simulation games can help you develop hard. Everyone has the same advantage as the team next to them. The styling/quality (S/Q) ratio of the business venture in the different geographic locations they operate in. That summer, I played in the Business Strategy Game Best Strategy Invitational (BSI) and won that as well. construction cost to be financed with debt. Strategy and Execution is your shield and sword for Conquering the Industry. How did your 2nd decision go? And then I would just follow my tips and adjust all other values to maximize profits. If you have any questions, comments, concerns, or feedback, click on my name below and Ill respond to you as quickly as I can. While your regional sales volume for the internet segment is a good estimate, the estimates for the wholesale segments are not. It is important to toggle your values and find the best combination to maximize your net profit. is it because I need to add capacity? Similar to the branded production, try out the different values to see which combination will give you the lowest Average Production Cost value for your plant and hence, the highest profits. In this article, you will explore some of the strategies and tips that should be employed to boost your winning chances. Two of the most important things to do here are analyzing your competition and optimizing your values. After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. Make year 11 EASY on yourself and learn how the game is played. Same for your superior material. You will also receive a copy of Currency Made Simple. that helped me become Business Strategy Game Grand Champion. Strategies, decision screens, reports and tests. 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). Instantly Jump Your Business Strategy Game Score 10 Points for FREE! I worried that another team would have stumbled onto your blog, but few people Google tips it seems! Im playing the new version of the game, and your guide has worked perfectly for the first two years! For many students, winning the Business Strategy Gamecan be the difference between PASS and FAIL. 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. Okay. I believe it varies based on your games situation. You can still ship pairs from LA to somewhere else if needed. Your numbers might be a little bit off due to the reject rates. Created Oct 30, 2013 Restricted 753 Members 5 Online Moderators Moderator list hidden. Develop a fictional startup in a choice of industries, playing in modes including entrepreneur, business war or Virtonomics tycoon. total sales volume estimate into the Branded Pairs to be Manufactured in Year XXslot for North America, write down your reject rate and add it to your previous total N.A. Hence, make sure to plug in every possible value to reach the highest net profit possible. Were at the middle of the pack and wanted the best strategy to move up the ranks. Hi Yvonne. One week they might increase, the other they might increase by just a little or even decrease. Weve solved EVERYTHING for you. 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. You are now done with your private-label decisions and all significant decisions that affect your net profits. After you have found the right price, click the Save Decisions button. 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 long term celebrity contracts and endorsement, bid for them in the early stages of the simulation. Download Magic Year 11 Secrets Revealed NOW. 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?. From the desk of: a Business Strategy Game Grand Champion. I have also included a Special 30 minuteAudio Companion for the Magic Numbers that is great for Year 11 starters! Avg. values have changed. I suggest to go for maximum profits. Thank you so much! 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. However, when pricing your shoes, keep in mind to set the price at least $5 below the wholesale price average. or A-P plant. So far I have only build a 1000 EA plant and additional 500 NA plant. I would recommend purchasing the upgrade for both of your plants within the first four years. In addition, the company resembles an athletic footwear company with plant operations instead of outsourcing . 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! For your company to stand out, it should ideally have an image rating of 70 and above. As always, do not forget to save your decisions after you are done. You possible might decrease your net profits with this, but it is definitely worth it and will pay off in the long-run. 39K views 1 year ago #businessstrategygame Here is my ultimate guide to help you ace the Business Strategy Game. We give you. 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 free section gives the casual reader some tips and tricks in class and a paid guide for people who are behind and need to catch up or students who want to save themselves the headache and win. Increase models? update them with tips and food for thought from the paid guide. Try out different combinations that keep you at 8* and the highest possible net profit. Both The Ultimate BSG Solution Guide as well asThe BSG video guide were created by a BSG Grand Champion.Together, you will have all the information you need to not just win the BSG, but to DOMINATE.You get Exclusive VIP access to our secret forum area. Its not too late to do that yet. Yes, I would only add capacity onto existing plants and not build new plants. Im giving away adeadly secretinsideMagic Year 11 Secrets Revealedthat will make a person number 1 almost no matter what. Then, after a lot thought on the matter, I devised an easy method for taking full advantage of currency fluctuations. 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. Beating the Business Strategy Game About the Guide. With this, they raised the global capacity to 30,000 when the potential global demand (including private label) is only 24,218. The BSG Ultimate Solution isTHE ONLYGUARANTEEDone-way ticket to winning the BSG. A business strategy game is an exercise that requires critical thinking and problem-solving skills, similar to what an entrepreneur may use while running their daily operations. R.O.E is the measure of the ability of a company to generate profit. Is there a system to beating the game? When there is a change in any aspect of operations it should be implemented upon approval of all the members. Copyright 2018 BGSTips.com | All rights reserved. I am on my second year and I have negative income right now, any tips on how to get in the positive? MyNewVideo Guide leaves nothing to the imagination. Any advice? This Reddit is dedicated to help undergraduate and graduate students excel at the McGraw-Hill Business Strategy Game or BSG-Online. Most of the decisions you can make here are a waste of money and will not benefit your company. And it is pretty difficult for other teams to see what you are doing to them before it is too late. I still think its a waste to build a plant there, unless youre selling tons of shoes (high models, mid SQ). I usually go ahead and plug in whole dollar amounts for the wholesale price and see how net profit changes. If for whatever reason you arent satisfied with the guide, return it anytime for a full refund. You are now all set to dominate your industry and win the BSG! My team and I started the game with minimal knowledge and flailed for the first three decision rounds. Business Strategy Game Tips - . Most Industry competitorsarentable to replicate high results when they face tougher opponentsand have asimpleunderstanding of the Business Strategy Game. So for the last year I didnt stick to the rule that the internet price has to be 40% higher than the wholesale price. I adjusted a little bit and the forecast is now close to previous years. And I would not build another plant, rather increase capacity in the plants that you already built. In Y12, I paid early payment 12,000k at 8.5% and continued borrowing 70,000k at 4.5% for 5-year). Concerning changing others values, I recommend reading my initial post where I have explained everything in detail. So, why not win the Business Strategy Game and stop your worrying. Period. I daily (thank you, Hootsuite, for making it so easy!) My guide follows the rule highest net profit is key to success. Stick in your e-mail address, and the tips guide will be in your inbox instantly. Like I explained in my blog post, do everything that is necessary to increase and maximize your net profits. I have extra capacity in the LA plant (worst place to ship from to any place outside of LA) which I tried to sell off. 5. This is extremely easy and if thats all you want, then grab The Ultimate BSG Solution right now and guarantee your success. The first is the paid guide. It typically keeps increasing until a certain price point and then starts to drop. Chances are it would be a piece of cake right? Hi, thanks for the great strategy! Let us take a look at the Plant Capacity / Upgrades page first. honestly i started with 150 models at 6 stars and went to 200 and 7 stars, 8 in private label. In the first years, the estimate of the industry average might be a little off the +2%. As I played the game, I discovered that I could use some fairly simple math to massively increase my game score. I mainly looked at what they were doing in the private label sector. I include tons of free information to give you a leg up on your classmates on my blogroll. 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. Should I continue expanding NA or AP and by how much? 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. In the case where other competitors are employing this strategy; strive to be the first team to get the most points. Hence, keep track of the industrys internet price and how it changes. If you tweak those numbers, your demand will adjust accordingly. 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 . Is your strategy also works for my situation? This means, you decide about the S/Q Rating of your branded pairs produced and your compensation and training for your employees. In addition, your Retail Outlets values should always be the highest number possible that you are allowed to enter. Weve heard countless horror stories of students not taking the BSG seriously and failing the course as a result. Hi Fin, Thanks for the detail post and the screen shots. Do you have any suggestions? (0 for both stock issues and stock repurchase). The fact that you are looking for help mean. BSGTips.com is a proven guide (written by a Business Strategy Game Grand Champion) on how to win, not just how to play. What Poker Strategists Say Poker is an incredibly strategic game and as such, there's a lot to learn from its big players. It might be tedious work and consumes a lot of time, but it will definitely worth it and will let you win the BSG. The FREE BLOGcovers topics like. of what decision year youre in, how bankrupt you are, or if your company is dead last right now . my advice would be to read my guide and follow the steps. At the lower half of the page, you also determine how many branded pairs you want to manufacture in each region you have a plant. If youre like most students though, you just want to win the Business Strategy Game, be crowned Industry Champion, get the grade, and move on with your life. This is also linked to having production facilities in that market to support it. This also means that players have a limited number of options which creates a glass ceiling and sets the tone for the rest of the game.The first years of a Business Strategy Game is fairly fragile and any major mistakes will leave permanent scars. If you really need money, I would rather advise you to issue some of your stock. Here, you are treated like a star. This game can be overwhelming, so anything to help other players! However, my net profit is still negative even after i have adjusted the private-label. The higher your celebrity endorsement value for a specific region, the more your advantage in attracting buyers to purchase your branded footwear. Dont be fooled by cheap imitations by common Industry Champions thatgloss over the obvious. 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. This is very helpful. Sure, you can ask anytime 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. Apply the following tips to reduce some of the costs. Dont be fooled by Cheap imitation Business Strategy Game guides you might see online. As already mentioned earlier, not every decision has to make sense. 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. I'm back with this updated video full of helpful tips so you can tackle the. The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. After you have decided to which region to ship your shoes to, go ahead and set your Superior Materials Usage value and your Enhanced Styling / Features value. With my help, tips, techniques, and strategies, your competition doesnt stand a chance! We offer free, unlimited fast support to answer any questions. You need to get confidential,accurate,comprehensive, andreliablyup to dateinformation from a trusted andPROVENBusiness Strategy Game source. If you have any questions, feel free to come back and ask them. I want to thank you for visiting my Business Strategy Game (BSG Online) website. Does it affect any other factors? 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. My undergraduate business strategy teacher made us play the BSG-Online simulation for 40% of our grade. All the while you get lost on what was really importantto do actuallywin. 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. Can you tell us more about the strategy you had ? Every game in the Business Strategy Game starts out the same. Write down each regions reject rates and add them up to the regions estimates sales volume. Be objective in your approaches from the beginning of the simulation right to the end. Because with more capacity, you can offer more pairs in private label and dominate the market there. With increased competition, prices tend to decrease. That being said, when you go with the strategy explained in my post, you will have maximized profits. I started with paying $0.05 dividends and increased it by $0.05 every year. I cant seem to find it. I will talk about the Celebrity Endorsements page later. 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 hope that helps and good luck! After a couple of decision rounds, you will get a feeling for it and it will become easier, no worries. Those are LEARNING REFERENCES written bycommonplace Industry Champions, which teach you how toplay. Again, try out each percentage for each region and set it to the percentage that yields the highest profits. Once you have enough capacity then switch to low SQ approach. You have successfully adjusted to your competitors. I would like to ask you about the Dividends. 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). I let the rest remain the same in the entry. Max OUTyour production with the high quality shoes at the lowest possible cost. 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. If it is 0%, that is fine as well, do not worry about it. 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. On BSGTips, we have an email service and forum to handle any support issues you may have. 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. I never really watched my EPS or credit rating (ofc credit rating should be a B at least). Strategy 1 - Align simulation with learning objectives.
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