Worst case, all the demand is already satisfied in your region before your shoes at a certain price is being considered. PS: I left a comment, but I did not see it and thus retyped. To do so, first plug in your N.A. I daily (thank you, Hootsuite, for making it so easy!) And then I would just follow my tips and adjust all other values to maximize profits. After watching this comprehensive 75 minute video I haverecentlyfilmed, you will know exactly what you need to do to be successful. So I doubt on his strategy. 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. For many students, winning the Business Strategy Gamecan be the difference between PASS and FAIL. 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. 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! Hi, I never really watched my EPS or credit rating (ofc credit rating should be a B at least). 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). Yeah I will hold on to that for now. I shut them down fast and knocked them out of the running. Is this guide guaranteed to make me win? Grow the stock price of your company's shares by at least 5% between the years 10 and 15. Yes, its not too late yet to follow through with my tips. Hi Yvonne. Do this for all four regions. The second part is the free site resources. I prioritize building additional capacity and purchasing plant upgrades. and L.A. volumes and finally plug them into the NA manufacturing slot. Do not sit on it. For only $35, get instant access to the Business Strategy Game Guide. Thats a game changer!! You are playing the BSG but do not want to read the 35-page Players Manual? 39K views 1 year ago #businessstrategygame Here is my ultimate guide to help you ace the Business Strategy Game. congrats on your success! However, do not rely on those values. That combined will give you a good boost for the last year. So what are some of the qualifications you should be on the lookout for when picking your team? Hi Lee, A window should pop up where you can select each of the four regions and change the industry average S/Q rating and competitive impact. The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. Im an excel and math geek and started to break the game down and understand it on a deep level. Well some Industry Champions have such an easy time winning because the people theyre going up against simply didnt care about the BSG. Is there a strategy that will always win? 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. This means, you decide about the S/Q Rating of your branded pairs produced and your compensation and training for your employees. If you will not be able to get a return on your investment over the remaining period, it might be a good idea to forego the upgrading process. 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 ? Good communication skills. 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%. The information is these . Written by an Undefeated Business Strategy Game Grand Champion. When contracting a celebrity, your advertising efforts in the Sales Forecast section should not be low. Do the same for your E-A and A-P volumes and plug them into the A-P manufacturing slot. Virtonomics. 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. 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. 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). Tips for Lowering Cost and Other Recommendations For Winning the Business Simulation Game Toggle the advertising spending to see the lowest cost at which the company can achieve the desired market share. So far I have only build a 1000 EA plant and additional 500 NA plant. To boost earnings per share (E.P.S) you can use the cash at hand to retire and repurchase any outstanding shares. unfortunately I have no experience with adjusting to my strategy in the late-game. Can you tell us more about the strategy you had ? The BSG Ultimate Solution isTHE ONLYGUARANTEEDone-way ticket to winning the BSG. Almost done, the last decision page. Your estimate of the industry average for the internet retail price does not change with your adjusted competitive that you set to +2% before. Try out different combinations that keep you at 8* and the highest possible net profit. It will be, trust me. 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. Optimizing your values is the essence of the game, even though it might be very time-consuming. 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. The Capitalism series is widely regarded as the best business strategy game series ever created. Economic Stages Part Three Riding the Recession, Glo-Bus Quiz 1 and Glo-Bus Quiz 2 Answers, New Glo-Bus Cameras and Drones Simulation, Instant Download,Email Support &Forum Access. Every single member should be given the venue to express their thoughts clearly. However, the private-label market is set up the way that only a limited demand is given each year. 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. Do not focus too much on Ending Cash, but keep focusing on Net Profit, try to increase that over each years. Thanks a lot! On this page, you will set your values for your branded production. So I run into problem again! Because with more capacity, you can offer more pairs in private label and dominate the market there. On BSGTips, we have an email service and forum to handle any support issues you may have. Business Strategy Game player with a career stretching back to 2006 and throughmultiple versions of BSG. I believe it varies based on your games situation. Other teams in your industry wont stand a chance when you unleash the tactics we teach. You need the capacity for the private label market. After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. 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, I would recommend not taking out any loan if possible. Before you even start plugging in any numbers, it is important that you decide for a strategy to pursue for the game. MyNewVideo Guide leaves nothing to the imagination. I recommend increasing capacity and keep focusing on your profits. Do you know why is that? 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. I have experienced different behavior with bidding on celebrities. 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. 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. Dont blindly waste recourses on a celebrity tag; be strategic to make sure you will get the return on investment. The C.I.R on the other hand will give you a deeper look into market share, S/Q ratings as well as price. What should I do in this case? Is it too late to reduce that to 50 as you suggested in your recommendation? So, should I decrease pay dividends here to $0.15? With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. 5. Again, trying out different combinations and optimizing net profits is key for these values. You will also receive a copy of Currency Made Simple. 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. I see this every semester, and you dont want it to be you. Like I said before, you should be building capacity, yes. Thanks! Again, try out each percentage for each region and set it to the percentage that yields the highest profits. So the question is: would you recommend for my team to still increase capacity despite this fact? Thank you so much for the good recommendations. For your company to be on the right track the R.O.E should be at least 15% annually. The information is these guides is laid out, and displayed, in such a way . 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? They WILL work for you too and can adapt to EVERY situation. If I have cash available after doing all my decisions, I like to alternate between building additional capacity, purchasing plant upgrades, paying off loans and repurchasing stock in the following years. update them with tips and food for thought from the paid guide. Strategies, decision screens, reports and tests. Since youre only in the second year, I would honestly decrease your models to 50. Looking at the North America column, you now have to plug in your values for Wholesale Price, S/Q Rating, Models Available, etc. Year 11 might be over for you. The rule of the game is to compete with the other students' teams to stay ahead to gain a competitive advantage over other teams. If it increases your profits, leave it at Yes, otherwise set it to No. One time, I was able to increase my net profit by lowering TQM / Six Sigma Quality Program to $0.20 and increasing Percentage of Superior Materials to maintain my S/Q Rating. Thank you so much for your reply! You can ignore the Internet Marketing and Wholesale Marketing pages because they will just reflect your internet and wholesale decisions that you already plugged in on the previous pages. 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. 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.) You do not want that to happen, especially because your internet sales only account for a small percentage of your entire sales. In the first years, the estimate of the industry average might be a little off the +2%. 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. And you said I should only add capacity onto existing ones instead of building a new one in LA right? Five years ago, I was sitting in a similar situation as you. 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. 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. Emerging on top of this simulation can be quite a challenge. With more inventory, however, you can put more shoes into private label which is a really important aspect of the game. 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. Ive turned dead-last severely bankrupt companies into Industry Champions with just two years left in the game. . Embedded in the magic numbers is a reinforced long-term money-saving strategy that will save you money every year forever! The BSG Game went through a major revision in the beginning of 2019. Players must make decisions to build brand loyalty by improving . Do you have any suggestions? . I am having trouble getting my company back into the positive ending cash after taking out a loan. Purchasing capacity is 20% cheaper than building new capacity on your own. Most Industry competitorsarentable to replicate high results when they face tougher opponentsand have asimpleunderstanding of the Business Strategy Game. Copyright 2018 BGSTips.com | All rights reserved. They have all changed by +2%, just as you plugged it in. Oh, how I wish I had known all this before I began playing. Learn tips & tricks, from a BSG Grand Master! 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. Those are LEARNING REFERENCES written bycommonplace Industry Champions, which teach you how toplay. However, it is not necessary and Option C is definitely more effective. 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. You will soon know why. I put $1.00 pay dividends, which turned out 20,000k in total. I will explain soon, how to increase plant capacity and why we need the capacity for private label. 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. How important is image? The Models Offered estimate seems pretty fair and you do not have to worry about it. My group and I are also playing the new version of the game and were little bit lost. Your Delivery Time should be set to 3 weeks. Your competitors are most likely looking for this information too. Paying off these loans in advance has the advantage that you will pay less interest over the coming years. Does it hurt any other factors? After you have found the right price, click the Save Decisions button. So having understood what the image rating of a company is based upon, how can you improve it? update them with tips and food for thought from the paid guide. Increase S/Q ratings? Theres not right amount of capacity you should purchase. Thanks a lot! Emerging on top of this simulation can be quite a challenge. Choosing the correct financial approach, among other things, made a huge difference. Complement each other. You now need the forecasted Regional Sales Volume for both the Internet Segments and Wholesale Segments in all four regions that you wrote down earlier. Select from a pool of diverse individuals who will bring in different opinions and perspectives to the team. How to solves this situation ,have you given us any suggestion. You might think that using green footwear materials or using recycled boxing / packaging is a good decision, especially with the currently ongoing environmental debates.