BSGTips.com is a proven guide (written by a Business Strategy Game Grand Champion) on how to win, not just how to play. The Business Strategy Game or BSG is a simulation game used by, different colleges for their Business capstone. While those two values do not change your S/Q rating, they will change your net profits. Okay. You have to dissect your competition and forecast their every move. I'm back with this updated video full of helpful tips so you can tackle the. Hey!! We offer free, unlimited fast support to answer any questions. However, to be able to do so, you need available capacity. and why do I want it? BeatBSG: Beat The Business Strategy Game 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. Authorize your construction and you save your decisions. Learn a little more about the theoretical concepts behind the game in our Free MBA course. And you can basically never have enough capacity for private label. After you have found the right price, click the Save Decisions button. 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. However, if you happen to use overtime at either of the two plants, plan on increasing the plants capacity in this decision round. Here are some of the best tips for accelerating your business. 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. Celebrities will enhance your marketing efforts and help you sell more shoes. 4. Which is better, cost leadership, integration, or differentiation? These simulation games can help you develop hard. Hi Dennis. This enhances the marketing efforts for the brand. 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. However, you can successfully apply most of the following tips to either strategy. Hi! You will get the hang of it after the first few decision rounds as it is always the same procedure. I usually go ahead and plug in whole dollar amounts for the wholesale price and see how net profit changes. Every single member should be given the venue to express their thoughts clearly. Stick in your e-mail address, and the tips guide will be in your inbox instantly. 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. 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. PDF The Business Strategy Game - California State University, Northridge No worries, it will be easier after the first few years. However, do not price your shoes too high, so that your competitors have a lower price than you and will sell their shoes first. Start Here: The Business Strategy Game Guide Site Map I let the rest remain the same in the entry. Were at the middle of the pack and wanted the best strategy to move up the ranks. After you are done, move on the left side and do the same for your internet sales. Thank you so much for the good recommendations. Business Strategy Game - Capitalism Lab. I am a 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 ? Hi Fin, Thanks for the detail post and the screen shots. 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. Hi! I usually have the highest net profit when setting Enhanced Styling / Features to $50k, TQM / Six Sigma Quality Program at around $0.70, and Best Practices Training at $5,000. Any thoughts? When contracting a celebrity, your advertising efforts in the Sales Forecast section should not be low. How can I increase my game score? This is why building additional capacity is so important. 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. The guide also features step by step instructions in how to manage decision screens in making the best decision. When I played the game, I barely looked at what my competitors were doing. 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). The end result counts. Here, you will plug in your previously calculated regional total sales volume for each region. You need your capacity and it is never a good idea to sell your existing capacity. By employing the best cost strategy. 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. Do you know why is that? and L.A. in North America to reduce costs because ofNAFTA. I am currently dominating my industry, and closing in on the top 100 list! Five years ago, I was sitting in a similar situation as you. In my opinion, I believe the other teams are thinking on exploit the private label. 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. Furthermore, I spent all my cash on hand for dividends and stock repurchase to increase my ROE and EPS as much as possible. However, there are still some other voluntary decision that will prepare you for future decisions. In the Private-Label Production field, use all your remaining available capacity, even overtime. However, when pricing your shoes, keep in mind to set the price at least $5 below the wholesale price average. I will just adjust it first and see what happens, thanks a lot:). Try out different combinations that keep you at 8* and the highest possible net profit. With my help, tips, techniques, and strategies, your competition doesnt stand a chance! If you have any questions, comments, concerns, or feedback, click on my name below and Ill respond to you as quickly as I can. The first is the paid guide. However, it will also decrease your ending cash. Hi! I still think its a waste to build a plant there, unless youre selling tons of shoes (high models, mid SQ). Yeah I will hold on to that for now. Here, you will decide for how much your shoe is going to sell. Again, try out each percentage for each region and set it to the percentage that yields the highest profits. Chances are it would be a piece of cake right? 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. unfortunately I have no experience with adjusting to my strategy in the late-game. 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. Here's a free video of things to watch out for while you are running your shoe company and competing in the BSG. The Business Strategy Game - Competing in a Global Marketplace Also, I am concerned about the prices strategy; the group who is in the first place has the plan of highest S/Q rating (7) with 200 models and lowest prices. I put $1.00 pay dividends, which turned out 20,000k in total. Aim to dominate at least a quarter of the market share in every geographical area of your companys operations. You cannot afford to followsimple techniques and fail! The profits of controlling the industry will help you win the business strategy game. You are almost done for the Sales Forecast decision page. Free shipping will most likely not increase your profits. Hello, thanks for the great strategy, it is working (1st place) ! gorilla on your side. Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. There should be a balance. 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. We had a bunch of copycats in practice year 12, but nobody has figured our profit-maximizing, low-cost strategy, and now theyre pursuing higher models in the real game. This is very helpful. And it is pretty difficult for other teams to see what you are doing to them before it is too late. 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. 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. Choosing the correct financial approach, among other things, made a huge difference. Paying dividends will increase your stock price and your ROE. A McGraw-Hill Business Strategy Game Online Expert, Copyright 2023 Win The Business Strategy Game Online Powered by Wordpress, W3 Total Cache & Cloudflare, Business Strategy Game Quiz 1 Study Guide, Business Strategy Game Quiz 2 Equation Cheats, New Glo-Bus Simulation Game Quiz 1 Answers, New Glo-Bus Simulation Game Quiz 2 Answers, Buy The Business Strategy Game Guide for $29.99, Tips and equations to make the quizzes easier, An easy to understand tutorial on exchange rates, tariffs, interest rates, and how to utilize them to your advantage, YouTube Videos on how to play the game and learn the software as quickly as possible, An distilled version of the players guide to save you a lot of time. Business Strategy Game | Play Free Online - MBA Crystal Ball Our final score was 99 and the closest team to us scored a 74!Out of a total of 11 teams, 7 of them scored below 40! Especially with our high quality and low models strategy, this will be very beneficial and will safe you some money. PS: I left a comment, but I did not see it and thus retyped. After a couple of decision rounds, you will get a feeling for it and it will become easier, no worries. When doing so, you have to plug in numbers for the assumptions section in the new window. By clicking on the Purchase Capacity button, you can see whether someone else did the mistake and sold 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. Ship all the other shoes for the Europe-African warehouses and the Asia-Pacific warehouses from the Asian-Pacific plant. You need to get confidential,accurate,comprehensive, andreliablyup to dateinformation from a trusted andPROVENBusiness Strategy Game source. 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. This is where consumers get the best quality of footwear at the lowest possible price, therefore ensuring value for their money. 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. 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. So far I have only build a 1000 EA plant and additional 500 NA plant. I followed your recommendations, and I have a good rank. I will explain soon, how to increase plant capacity and why we need the capacity for private label. It covers in detail all of the strategies, concepts, software features and tricks necessary to win the McGraw-Hill Business Strategy Game. If Im wrong, Ill post another comment. It will be very helpful for us and will be very grateful Do you still have your upload reports of all your years ? Hi, 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. After you have calculated the manufacturing volume for each region, add up your N.A. NEVER do this. 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. Purchasing capacity is 20% cheaper than building new capacity on your own. So when following the steps described above, you will have positive ending cash really soon again. Otherwise, their endorsement effect declines. Buy I have quite a lot ending cash. 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. 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. BSG 2017 - Business Strategy Game - Guide How To Win - V2 Focus on Net Profit, ROE (very important), Credit Rating, Image Rating is quite easy to control and also Stock Prices. Virtonomics. What Poker Strategists Say Poker is an incredibly strategic game and as such, there's a lot to learn from its big players. So I doubt on his strategy. And he also purchase 4000 capacity in the first year but no advertising expenses. Like I said before, you should be building capacity, yes. The information is these guides is laid out, and displayed, in such a way that crucial decisions should be a breeze. Im not talking about theory and how to play; Im talking about a proven system that helped me become Business Strategy Game Grand Champion. Hence, find the combination that gives you the highest profit. $50.66 but $50.67 gives you higher profits, go for the higher prices. This decision page deals with your plants. 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. You are now done with all your decisions for the Corporate Citizenship decision page and should hit the Save Decisions button on the upper right-hand corner. So having understood what the image rating of a company is based upon, how can you improve it? You might have the highest profits with 0 advertising budget. Buy Now with PayPal. 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. Emerging on top of this simulation can be quite a challenge. You can only do one upgrade at a time in each region and a total of two updates per region. It is a show to the investors whether their investment is performing well. The BSG Game went through a major revision in the beginning of 2019. The Business Strategy Game (BSG) is online games in which students form teams that are assigned tasks and compete in running the business of an athlete footwear company. You can still ship pairs from LA to somewhere else if needed. Other teams in your industry wont stand a chance when you unleash the tactics we teach. 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. 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). After watching this comprehensive 75 minute video I haverecentlyfilmed, you will know exactly what you need to do to be successful. . 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. I worried that another team would have stumbled onto your blog, but few people Google tips it seems! Almost done, the last decision page. When coming up with a CSR initiative, ensure that the budget can be sustained over time without burdening the company. If you add capacity it will show you the price. I recommend building additional 1,000 capacity for the North American plant in the first year, if your cash balance allows it. 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. Try out each and every value and note down the highest net profit values. 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. The best Business Strategy Game Guide| BSG Help | BSG Guide After you have done this for both the N.A. Do not worry about the Plant Capacity / Upgrades page. Private label will help you dominate your competition. I am having trouble getting my company back into the positive ending cash after taking out a loan. Ive turned dead-last severely bankrupt companies into Industry Champions with just two years left in the 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. Let us take a look at the Plant Capacity / Upgrades page first. To do so, first plug in your N.A. AcquireThe Edgethat separates aGrand Championfrom an Industry Champion. Learn how your comment data is processed. Switch between different advertising budgets to see which strategy will be the most cost-effective to capture the target market at the best price. On this page, you will set your values for your branded production. . And I would not build another plant, rather increase capacity in the plants that you already built. you should repurchase stock whenever you can. I have also included a Special 30 minuteAudio Companion for the Magic Numbers that is great for Year 11 starters! thank you for your help. update them with tips and food for thought from the paid guide. Strategies, decision screens, reports and tests. 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! I would definitely increase your S/Q rating to 8* and lower your models to 50 (this should be the lowest you can go if I remember correctly). Increase S/Q ratings? Repurchasing stock will boost both your EPS and ROE. Business Strategy Game (BSG) Helpful Tips!!! - YouTube This isthe lazy wayof winning the Business Strategy Game and requires very little knowledge and effort on your part. You have successfully adjusted to your competitors. I would like to ask about the Pay Dividends. My stupidness did not know that I should not pay dividends while Im in LOAN mode. I include tons of free information to give you a leg up on your classmates on my blogroll. And should I do stock repurchase this year? Entering year 15 I am still doing 8 star but the demand forecast is super low. You will also receive a copy of Currency Made Simple. 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. Period. I did not stock issues or issue purchase in the those years. Thank you, Fin! Thanks for your strategy! So if one of your markets is not satisfied or prices are high, I would built capacity to attack this market and sell a lot of shoes for a cheap price, to guarantee you the lowest price so that you sell all your offered shoes. MyNewVideo Guide leaves nothing to the imagination. However, if done right, it is worth the time as it will yield the maximum profit possible and success in your industry. Copyright 2018 BGSTips.com | All rights reserved. Using this as a base strategy has yielded good results in my experiences. Most of the decisions you can make here are a waste of money and will not benefit your company. The importance of buying back stock early and how buying back stock gives you an edge in the game. I suggest you upgrade your browser. 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. So do you mean although we sell exactly same shoes it does not matter even my rivals price is lower than mine so long as i can maximize my profit? Im playing the new version of the game, and your guide has worked perfectly for the first two years! So, should I decrease pay dividends here to $0.15? Does it hurt any other factors? If you bid on multiple celebrities, it is good to set a ranking priority and a spending cap so that you do not spend more money than you want or have available. 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 not, see what positive percentage yields the highest profit for you. My undergraduate business strategy teacher made us play the BSG-Online simulation for 40% of our grade. I include tons of free information to give you a leg up on your classmates on my blogroll. You basically determine and run the market. It has not only won recognition and awards from top gaming media such as IGN and PC Gamer, but also from world-leading media including CNN and Discovery Channel. It took me years to learn this and it would take you years as well but,I know you dont have years. I started with 250 models and S/Q rating of 5. Then, after a lot thought on the matter, I devised an easy method for taking full advantage of currency fluctuations. Business strategy games are a type of computer or board game that simulates the decision-making processes involved in running a business.
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