Ideally, you can cut your employees wages and will increase profit. Increase models? 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. 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. Like I said before, you should be building capacity, yes. Your Delivery Time should be set to 3 weeks. 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? Hi Yvonne. It is definitely around 1.2 though and I recommend starting off with this value. Im glad I was able to help and good luck to you! Do the same for your E-A and A-P volumes and plug them into the A-P manufacturing slot. The company that offers the lowest price will sell all its supply first, followed by the company with the second lowest price offered, and so on. To boost earnings per share (E.P.S) you can use the cash at hand to retire and repurchase any outstanding shares. The decision is due tonight I am so nervous but the performance score so far looks good. 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. I will talk about the Celebrity Endorsements page later. 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. No spam ever. Right now I am doing the second year decision, Im doing star 8 and 100 models, did 7 stars and 100 models in first round and the result was not very good. In this blog post, I will run you through everything important that you have to know about the BSG and how to win it. Develop a fictional startup in a choice of industries, playing in modes including entrepreneur, business war or Virtonomics tycoon. Learn a little more about the theoretical concepts behind the game in our Free MBA course. I was wondering how much more additional capacity that I should purchase after Ive bought the first 1000 for NA. 16 Business Simulation Games for Entrepreneurs I daily (thank you, Hootsuite, for making it so easy!) How Much Capacity Should My Company Have? Hence, you will only focus on the two following decisions that are worth their money as they increase your image rating the most. While +2% might now always be spot on, I have made the best experience with it so far. However, do not price your shoes too high, so that your competitors have a lower price than you and will sell their shoes first. You need your capacity and it is never a good idea to sell your existing capacity. You want to setEthics Training / Enforcement to All Employees and Workforce Diversity Program to Yes. So, should I decrease pay dividends here to $0.15? If Im wrong, Ill post another comment. Advantage of this is, that you dont have to pay too much attention to your competitors. 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? Do this for all four regions. Since youre only in the second year, I would honestly decrease your models to 50. Start off with the values that you know for sure: For the high quality, low models strategy, I recommend starting off with a S/Q rating of 7 stars and 50 models available. Whether a member is suggesting a different. The knowledge to exasperate competitor weaknesses and curb competitor strengths lies in the strategic knowledge in the model. And then I would just follow my tips and adjust all other values to maximize profits. If you have any questions, suggestions, or comments feel free to comment and I will do my best to help you out. After you have done this, you might notice that your Your Estimate of the Ind. You will get the hang of it after the first few decision rounds as it is always the same procedure. Hi, thanks for the great strategy! Sometimes, clearing your beginning inventory at a discount will boost your profits. Celebrities will enhance your marketing efforts and help you sell more shoes. 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). The value that yields the highest profit value is the one you want to go with for this decision round. This decision page is mainly a waste of money and we will not spend a lot of time with this page. But again, thanks! If your results in the first year are not too good, its not a big deal. . is it because I need to add capacity? Strategies, decision screens, reports and tests. For further explanation, please read my blog post. If it is lower than 40%, your wholesale price will be in competition with your internet price. Login Scroll Down Your browser does not support the video tag. How important is image? 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). This is also linked to having production facilities in that market to support it. Yeah I had that in the first weeks as well. Company operations are patterned after A quick e-mail to your inbox. The Business Strategy Game BSG is a PC-based exercise designed to mirror the real-world features of the competitive athletic footwear industry. Best Business Simulation Games of 2022 - Business News Daily 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 ? I suggest you upgrade your browser. Promise I wont have tons of question haha. However, it will also decrease your ending cash. One week they might increase, the other they might increase by just a little or even decrease. Here is a chart again tho show you the process: If your regular production capacity is not sufficient, use overtime. You said that the internet price should be 40% above wholesale. Im an excel and math geek and started to break the game down and understand it on a deep level. The second part is the free site resources. Your numbers might be a little bit off due to the reject rates. This would leave you with a bunch of shoes unsold. The best Business Strategy Game Guide| BSG Help | BSG Guide You are playing the BSG but do not want to read the 35-page Players Manual? 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. Dave Mar 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? 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. Should I continue expanding NA or AP and by how much? Yes, despite your competitors building capacity as well, I recommend increasing capacity in a reasonable amount. Other teams in your industry wont stand a chance when you unleash the tactics we teach. My stupidness did not know that I should not pay dividends when I am in 5-year-loan, so I did not adjust any part in Finance Cash Flow except for borrowing. Ive played the Business Strategy Game many times through and have completely dominated my opponents every single round of every single game. This is very helpful. This site uses Akismet to reduce spam. It can be very beneficial for you. 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. Order now. For long term celebrity contracts and endorsement, bid for them in the early stages of the simulation. When doing so, you have to plug in numbers for the assumptions section in the new window. 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. Be in it for the long haul Exactly. This will enable you to tap into the different unique abilities of each of the members thus strengthening your team. The first time I played, I did exactly what you are doing: researching the internet. This has been very useful. From the desk of: a Business Strategy Game Grand Champion. Here are factors to be considered before picking a celebrity. Is it too late to reduce that to 50 as you suggested in your recommendation? 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? Definitely helps! This is actually typical of almost every single Business Strategy Game Industry, as it takes only 1 greedy person to get the ball rolling. 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. Beating the Business Strategy Game About the Guide. The Capitalism series is widely regarded as the best business strategy game series ever created. In the first few years, this will be pretty difficult to determine. Hence, try to keep your internet price at least 40% higher than your wholesale price. MyNewVideo Guide leaves nothing to the imagination. The BSG Ultimate Solution isTHE ONLYGUARANTEEDone-way ticket to winning the BSG. Furthermore, I spent all my cash on hand for dividends and stock repurchase to increase my ROE and EPS as much as possible. One way you can maximize the R.O.E is to purchase stock at the earliest possible time. You need this capacity for the private-label market. Especially with our high quality and low models strategy, this will be very beneficial and will safe you some money. The higher your celebrity endorsement value for a specific region, the more your advantage in attracting buyers to purchase your branded footwear. Strategy 1 - Align simulation with learning objectives. For your company to stand out, it should ideally have an image rating of 70 and above. After watching this comprehensive 75 minute video I haverecentlyfilmed, you will know exactly what you need to do to be successful. To be a Business Strategy Game Grand Champion, you have to firmly understand every nitty-gritty little detail within the Business Strategy Game Manual. Beat the Business Strategy Game. However, if done right, it is worth the time as it will yield the maximum profit possible and success in your industry. The end result counts. The private-label sector is something you do not want to miss out on, especially with our high quality, low models strategy. Business Strategy Game Tips - . update them with tips and food for thought from the paid guide. It is all about trying out all possible combinations. WINBSG.COM: Win the BSG Business Strategy Game - Discussing effective My question is what if I decreased the pay dividends to $0.15 from $1.00? 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. So where to look at this thing, as soon as you start the BSG Online Game. The styling/quality (S/Q) ratio of the business venture in the different geographic locations they operate in. 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. Business Strategy Game (BSG). Do you have any tip/tricks on - reddit If you have beginning inventory from last year (you did not sell all your shoes), try and use the Inventory Clearance option in the lower half of the page. Here, you are treated like a star. By employing the best cost strategy. As always, do not forget to save your decisions after you are done. I dont know why the game suddenly changed your numbers but I recommend using every last bit of your capacity. 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. Turn delivery time to four weeks because it has no noticeable effect on sales but significantly affects EPS and Net Profit. Tips on How to Win the Business Strategy Game (BSG) - Top Academic Writers If you find capacity available for purchase, I would always directly purchase it. This game can be overwhelming, so anything to help other players! Based on the kind of approach you will use, you might find it useful to keep some of the costs low. 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. Set your price to whatever maximizes your profits. 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. For the upgrade option C is the one to raise 1 star, but the actual cost it can save me every year is not a lot, should I still do that? The closer your actual numbers are to your estimates, the more likely it will be that you earn bonus points from the Bulls Eye Award (be within a 5% range of the estimates). After you have done this, play around with the values for Wholesale Price, Advertising Budget, Rebate Offer, and Retailer Support (increase/decrease by 100s only, as everything else makes no sense). But I found ZERO helpful information online. However, after 3-4 years, your competitors will settle and changes will be more predictable. 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. And you said I should only add capacity onto existing ones instead of building a new one in LA right? The best business tip I have received so far is to have a backup plan for all your moves. Those that havent played the BSG Online yet and are researching online for every advantage they can find. With this, they raised the global capacity to 30,000 when the potential global demand (including private label) is only 24,218. You will soon know why. 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. Increase S/Q ratings? 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. If you found your highest value for the best net profit, move on to the next value and do the same. It typically keeps increasing until a certain price point and then starts to drop. 6 Effective Business Simulation Games Teaching Strategies 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. How and when to buy celebrity endorsements at the BSG-Online. There are tons of possibilities in the Business Strategy Game, and the wrong strategy in the wrong circumstance willCOST you the game. You will soon know why. Thank you so much for your suggestion! Paying off these loans in advance has the advantage that you will pay less interest over the coming years. You basically determine and run the market. Strategy and Execution is your shield and sword for Conquering the Industry. Complement each other. I am getting my butt kicked! 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. So when looking for advice on how to win business simulation games, the first one you should give them is to take the time to learn the effects of marketing, R&D, logistics and finance on one another and leave thinking in silos behind. However, do not forget to calculate your possible additional expenses for your celebrities. 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. 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.
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