Authorize your construction and you save your decisions. 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. My team and I started the game with minimal knowledge and flailed for the first three decision rounds. Is your strategy also works for my situation? Sounds good, congrats! Be objective in your approaches from the beginning of the simulation right to the end. That summer, I played in the Business Strategy Game Best Strategy Invitational (BSI) and won that as well. Sure, you can ask anytime In addition, the company resembles an athletic footwear company with plant operations instead of outsourcing . This is extremely easy and if thats all you want, then grab The Ultimate BSG Solution right now and guarantee your success. Global Top Performers As a Business Strategy Game Grand Champion, I have been responsible for burying many Industry Champion competitors and I have to say, its not hard. 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. The celebrity should also be compatible with the product, for instance, a football player would be ideal for a sports shoe endorsement. Concerning changing others values, I recommend reading my initial post where I have explained everything in detail. SAVE TIME & PASS YOUR CLASS Amplify Your BSG Online Score: https://www.bsg-game.com/select-time Derek's "Pass Your Class Guarantee" . I hope that helps and good luck! You need to get confidential,accurate,comprehensive, andreliablyup to dateinformation from a trusted andPROVENBusiness Strategy Game source. Please post any information pertaining to: strategies, tips, final presentations, case studies, quizzes, etc. More than often they drone on and on about BSG, to the point, its barely relevant toimpress you with abunch of words. honestly i started with 150 models at 6 stars and went to 200 and 7 stars, 8 in private label. Your Delivery Time should be set to 3 weeks. Period. 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! And then I would just follow my tips and adjust all other values to maximize profits. But it is definitely worth it. Whether a member is suggesting a different. Hi! You can do this by paying off your loans at the earliest possible time. If numbers do not add up correctly and your total pairs shipped do not match your total pairs available, go back to the Branded Distribution page and adjust your numbers accordingly. Those that are already playing the BSG Online and are going bankrupt and/or are dead last. Do this for all the four regions. You can also pay dividends to your shareholders. I put $1.00 pay dividends, which turned out 20,000k in total. 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. 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. This can be a very tricky decision and you need to analyze your competitors prices. After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. I am on my second year and I have negative income right now, any tips on how to get in the positive? They have all changed by +2%, just as you plugged it in. Thank you so much for your suggestion! Let me walk you through the various decision pages and explain you how to optimize each entry. 7 Winning Tips and Strategies for the Business Strategy Game (Bsg) 2022-10-12. Business strategy game Rating: 7,4/10 916 reviews. 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. construction cost to be financed with debt. I like to have around $8-10 million ending cash available after all my decisions are made. Business simulation games allow you to experience certain aspects of running a business in a completely virtual, consequence-free environment. 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. You can either take out a 1-year, 5-year, or 10-year bank loan. Business Strategy Game - Capitalism Lab. 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. Currently, were selling 150 models. . 39K views 1 year ago #businessstrategygame Here is my ultimate guide to help you ace the Business Strategy Game. 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. You will also receive a copy of Currency Made Simple. 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. This is where consumers get the best quality of footwear at the lowest possible price, therefore ensuring value for their money. 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. Is there a system to beating the game? I dont understand why it did this as this capacity was unused and there was upside to having it as my production was max out for the demand. But again, thanks! It didnt matter how competitive they were, how motivated they were, or whether they were Industry Champions. Here's a free video of things to watch out for while you are running your shoe company and competing in the BSG. Set Models Offered to 50 and Free Shipping to No. Because with more capacity, you can offer more pairs in private label and dominate the market there. Furthermore, I spent all my cash on hand for dividends and stock repurchase to increase my ROE and EPS as much as possible. 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. 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. 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. 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. At the same time, youll generate significant amounts of income from the hardest market to extract revenues from. The BSG tends to underestimate those values by about 20% and hence, you need to correct them for a more precise estimate. If for whatever reason you arent satisfied with the guide, return it anytime for a full refund. Then, after a lot thought on the matter, I devised an easy method for taking full advantage of currency fluctuations. 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. My question is what if I decreased the pay dividends to $0.15 from $1.00? I guess because i grew too fast last week, this weeks net profit is negative (I didnt make any adjustment yet). 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. Company operations are patterned after Yes, I would only add capacity onto existing plants and not build new plants. Hello, While being in every market is a goal of a successful multinational company. Fin. Do not focus too much on Ending Cash, but keep focusing on Net Profit, try to increase that over each years. Okay! Once you have enough capacity then switch to low SQ approach. Now, I am worried about the future rounds. 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. This will enable you to tap into the different unique abilities of each of the members thus strengthening your team. 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. 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. Contact the Grand Championand Learn more about the BSG. I would like to ask you about the Dividends. How can I increase my game score? With increased competition, prices tend to decrease. I suggest you upgrade your browser. ? We have good market share in NA and, last year, we needed to ship the rest of the shoes from AP (incurring in shipping and tariffs costs, hence, the thought of adding capacity in LA). Business Strategy Game player with a career stretching back to 2006 and throughmultiple versions of BSG. Ive turned dead-last severely bankrupt companies into Industry Champions with just two years left in the game. 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. I was thinking about building a LA plant because I took the majority of private label there last year. The Business Strategy Game BSG is a PC-based exercise designed to mirror the real-world features of the competitive athletic footwear industry. Which is better, cost leadership, integration, or differentiation? my advice would be to read my guide and follow the steps. And he also purchase 4000 capacity in the first year but no advertising expenses. However, it is not necessary and Option C is definitely more effective. How would you like to acquire every secret I have about the Business Strategy Game? You might think that using green footwear materials or using recycled boxing / packaging is a good decision, especially with the currently ongoing environmental debates. Weve solved EVERYTHING for you. . Otherwise, their endorsement effect declines. Virtonomics. If you add capacity it will show you the price. I just have a quick question. I am in a box where every move I make to lower cost or shift production lowers my EPS or credit rating. Oh, how I wish I had known all this before I began playing. I always went with 500 every second year, but it depends on your market and competitors. Worst case, all the demand is already satisfied in your region before your shoes at a certain price is being considered. And should I do stock repurchase this year? Hence, make sure to plug in every possible value to reach the highest net profit possible. This is actually typical of almost every single Business Strategy Game Industry, as it takes only 1 greedy person to get the ball rolling. When there is a change in any aspect of operations it should be implemented upon approval of all the members. Here are factors to be considered before picking a celebrity. In addition, you have the option to repurchase your stock. It will be, trust me. 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? 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. I am in Y12, and I am adjusting for Y13. No spam. Should I decrease the pay dividends and do stock repurchase in Y13? Instantly Jump Your Business Strategy Game Score 10 Points for FREE! Turn delivery time to four weeks because it has no noticeable effect on sales but significantly affects EPS and Net Profit. Do the same for your E-A and A-P volumes and plug them into the A-P manufacturing slot. 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 best part is that, after it is in place for 3 or more rounds of play, the effects become almost irreversible. Regardless of your scenario,having BSG Tips in your corner is like having an 800 lb. BSGTips.com is a proven guide (written by a Business Strategy Game Grand Champion) on how to win, not just how to play. This is very helpful. 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. So your costs will be relatively low as well and the private label will be a very important factor of yours. We give you. If you have more cash available, go ahead and spend it for either one of the other options. (Im adjusting for Y13 now). For this blog post, I will concentrate on the high-quality + low model strategy. 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 . In the case where other competitors are employing this strategy; strive to be the first team to get the most points. Thats the highest achievement you can attain. Always keep that in mind when formulating your strategies and leave room for adjustment where necessary. When starting the BSG, you have two long-term loans; one for 5 years, the other one for 10 years. There are tons of possibilities in the Business Strategy Game, and the wrong strategy in the wrong circumstance willCOST you the game. Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. 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. They WILL work for you too and can adapt to EVERY situation. The private-label sector is something you do not want to miss out on, especially with our high quality, low models strategy. Is it too late to reduce that to 50 as you suggested in your recommendation? For further explanation, please read my blog post. If youd like an overview of the content we publish, take a look here, and if youre interested in Glo-bus, start here. With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. Let us move on to the tricky part of this decision page. The value that yields the highest profit value is the one you want to go with for this decision round. I was a poor undergraduate college student, too, at one point, and I understand your unwillingness to pay for an additional book. You should pay attention that your S/Q Rating of Branded Pairs Produced matches your value on the Sales Forecast page. Im an excel and math geek and started to break the game down and understand it on a deep level. The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. I have also included a Special 30 minuteAudio Companion for the Magic Numbers that is great for Year 11 starters! Hi, 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. 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! Your competitors are most likely looking for this information too. Any advice? You will need those numbers later on. Try out different combinations that keep you at 8* and the highest possible net profit. My group and I are also playing the new version of the game and were little bit lost. Thanks a lot! 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. This decision page is mainly a waste of money and we will not spend a lot of time with this page. After you have found the right price, click the Save Decisions button. So regardless of what decision year youre in, how bankrupt you are, or if your company is dead last right now you can SUCCEED in the Business Strategy Game by following my SIMPLE tips, advice, and strategies. Please delete one if there is an extra comment. However, to be able to do so, you need available capacity. that helped me become Business Strategy Game Grand Champion. The Business Strategy Game 2023 Edition Competing in a Global Marketplace New Students (click here) New Instructors (click here) Login for Returning Users Forgot Password ? Use of my strategy creates a landslide effect that, as you can see, is very devastating to all opponents. Promise I wont have tons of question haha. Important: Your Sales volume, not the production volume that includes the rejected pairs! 2. Do not worry about those numbers, they will just show you whether your investment is profitable or not. and L.A. volumes and finally plug them into the NA manufacturing slot. Other teams in your industry wont stand a chance when you unleash the tactics we teach. In this blog post, I will run you through everything important that you have to know about the BSG and how to win it. Business Strategy Game Tips - . Like I explained in my blog post, do everything that is necessary to increase and maximize your net profits. While +2% might now always be spot on, I have made the best experience with it so far. So I run into problem again! Hi Dennis. I will just adjust it first and see what happens, thanks a lot:). You have to dissect your competition and forecast their every move. or A-P plant. 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. I know every strategy, secret, and tip you can possibly imagine about the Business Strategy Game, and Im willing to share them with you. 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. From this highest whole dollar amount, I plug in every possible value around it and find the price that yields the highest net profit. Your estimate of the industry average for the internet retail price does not change with your adjusted competitive that you set to +2% before. You can only do one upgrade at a time in each region and a total of two updates per region. Same for your superior material. This would leave you with a bunch of shoes unsold. AcquireThe Edgethat separates aGrand Championfrom an Industry Champion. (0 for both stock issues and stock repurchase). . . Do not worry about me skipping the Internet Marketing, Wholesale Marketing, and Celebrity Endorsements pages. I mainly looked at what they were doing in the private label sector. 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. Sometimes, clearing your beginning inventory at a discount will boost your profits. . 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. Any questions you have or any problems you encounter,you can get my expert advice asa BSG Grand Champion. Hey!! It took me years to learn this and it would take you years as well but,I know you dont have years. You are playing the BSG but do not want to read the 35-page Players Manual? You can get BSG Game Help from experts who will guide you on how to win or top you game with the best Strategies.Visit BSG Game Help today and get professional guidance from BSG Experts. Hence, find the combination that gives you the highest profit. Let us take a look at the Plant Capacity / Upgrades page first. of what decision year youre in, how bankrupt you are, or if your company is dead last right now . 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. I would always encourage you to bid on available celebrities. It can be very beneficial for you. Thank you very much for your kind words! My team and I are going to the second round of decisions, so I think were still on time to switch towards another area in the market. I did not stock issues or issue purchase in the those years. However, after 3-4 years, your competitors will settle and changes will be more predictable. The most important advice in advance: it is all about PROFIT. This is probably the most important decision entry page in the game and you will be spending most of your time here. You Get ALL This For The Extremely Low Price, I understand that it only takes 10-15 minutes to put theMagicYear 11. numbers in the right spot to make me Industry leader Instantly! 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. Thanks! I followed your recommendations, and I have a good rank. 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. With our strategy in mind, I would recommend addition capacity to already existing plants rather than constructing a plant in a new region. 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. Having an increased S/Q rating and lower prices boosts the image of the company positively. The knowledge to exasperate competitor weaknesses and curb competitor strengths lies in the strategic knowledge in the model. To improve the financial standing of the company it is a wise idea to employ the balanced scorecard to determine the strategies that will boost the companys competitiveness. Hi Fin, Thanks for the detail post and the screen shots. Login Scroll Down Your browser does not support the video tag. 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). It might be tedious work and consumes a lot of time, but it will definitely worth it and will let you win the BSG. You then want to select 0% as the Portion of the $XX mil. That its always wise to start out on the right foot rather than try to pull yourself out of a financial nosedive. Set your price to whatever maximizes your profits. If not, see what positive percentage yields the highest profit for you. If I have further questions do you mind I ask you for help? So far I have only build a 1000 EA plant and additional 500 NA plant. I feel you. In this package you get TheUltimate BSG Solution Guidealong with theIndustry Champion video. 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 . Look over the shoulder of a Business Strategy Game Grand Champion and see how he pulled off his overwhelming victory. However, keep in mind that your regional endorsement value should not be higher than 400 in any region. But my profit is still a little bit low for a second place, guess my price is too low and I need to cut some of my expenses, right? Created Oct 30, 2013 Restricted 753 Members 5 Online Moderators Moderator list hidden. No spam ever. It will be very helpful for us and will be very grateful Do you still have your upload reports of all your years ? After you have successfully plugged in your branded pairs that need to be manufactured for both plants, click the Save Decisions button and move on to the Branded Distribution page. Using a game strategy to push a business forward is a different approach, but it has been proven successful for many. Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. and why do I want it? I was wondering how much more additional capacity that I should purchase after Ive bought the first 1000 for NA. These are some of the tips you can use to win the business strategy game. Here is a chart again tho show you the process: If your regular production capacity is not sufficient, use overtime. Thank you! and L.A. in North America to reduce costs because ofNAFTA. Here, you have the opportunity to sell your existing capacity. Theres not right amount of capacity you should purchase. If it is lower than 40%, your wholesale price will be in competition with your internet price. 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 highly recommend starting below with my free tips guide. No worries, this is logical and you did nothing wrong. After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. If it increases your profits, leave it at Yes, otherwise set it to No. Personally, I would do a higher SQ to start things out while you are building capacity to match the low quality-high model approach. 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. Finished top 3 the first time and we are currently in 2nd place through 5 weeks for our current simulation. if you have left over inventory, you should either work on your numbers as I described in my post or put the left-over shoes into private-label.
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