Your Delivery Time should be set to 3 weeks. Hence, keep track of the industrys internet price and how it changes. I hope that helps and good luck! Hi Yvonne. Emerging on top of this simulation can be quite a challenge. 7 Winning Tips and Strategies for the Business Strategy Game (Bsg) 2022-10-12. Business strategy game Rating: 7,4/10 916 reviews. Do not worry about those numbers, they will just show you whether your investment is profitable or not. This is also linked to having production facilities in that market to support it. R.O.E is the measure of the ability of a company to generate profit. Business strategy games are a type of computer or board game that simulates the decision-making processes involved in running a business. Same for your superior material. 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. Every single member should be given the venue to express their thoughts clearly. Thank you! I will walk you through each page chronologically. Like I explained in my blog post, do everything that is necessary to increase and maximize your net profits. Pay loans faster. Beat the Business Strategy Game. 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. Free shipping will most likely not increase your profits. 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. 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. PS: I left a comment, but I did not see it and thus retyped. For only $35, get instant access to the Business Strategy Game Guide. You dont have to care about your retail outlets anymore so adjust the price so maximize your net profit, without the 40% rule. If you demand for branded production is met, put everything else into private label to make sure you dont have unused capacity. Personally, I would do a higher SQ to start things out while you are building capacity to match the low quality-high model approach. For many students, winning the Business Strategy Gamecan be the difference between PASS and FAIL. 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. If it is lower than 40%, your wholesale price will be in competition with your internet price. Exactly. AcquireThe Edgethat separates aGrand Championfrom an Industry Champion. I have also included a Special 30 minuteAudio Companion for the Magic Numbers that is great for Year 11 starters! In the first years, the estimate of the industry average might be a little off the +2%. 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. How Much Capacity Should My Company Have? However, with a reasonable price. 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. It has two components. 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. To boost earnings per share (E.P.S) you can use the cash at hand to retire and repurchase any outstanding shares. . 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. If not, see what positive percentage yields the highest profit for you. From the desk of: a Business Strategy Game Grand Champion. 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 would recommend purchasing the upgrade for both of your plants within the first four years. 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! This can be a very tricky decision and you need to analyze your competitors prices. Im not talking about theory and how to play; Im talking about a proven system that helped me become Business Strategy Game Grand Champion. Let us take a look at the Plant Capacity / Upgrades page first. 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. Switch between different advertising budgets to see which strategy will be the most cost-effective to capture the target market at the best price. I am in a box where every move I make to lower cost or shift production lowers my EPS or credit rating. That summer, I played in the Business Strategy Game Best Strategy Invitational (BSI) and won that as well. The second part is the free site resources. 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?. 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). Year 11 might be over for you. 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. For only $35, get instant access to the Business Strategy Game Guide. Hi Lee, All you have to do now, is writing down your forecasted Regional Sales Volume for both the Internet Segments and Wholesale Segments in all four regions. Dont blindly waste recourses on a celebrity tag; be strategic to make sure you will get the return on investment. You will soon know why. Celebrities will enhance your marketing efforts and help you sell more shoes. One option that you definitely want to purchase is Option C. Option C increases your S/Q rating by 1 star. 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. 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. Try and set it to Yes. Grow the stock price of your company's shares by at least 5% between the years 10 and 15. So, why not win the Business Strategy Game and stop your worrying. I started with paying $0.05 dividends and increased it by $0.05 every year. And profit is what the game is all about. Written by an Undefeated Business Strategy Game Grand Champion. Market share is not crucial for your success in the BSG, but profit is. But this year the shipping is too high from AP to LA so I cannot make any money from LA. Develop a fictional startup in a choice of industries, playing in modes including entrepreneur, business war or Virtonomics tycoon. These are the tools you need to win BSG. Whether a member is suggesting a different. Theres not right amount of capacity you should purchase. Hence, you will only focus on the two following decisions that are worth their money as they increase your image rating the most. 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. 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. Turn delivery time to four weeks because it has no noticeable effect on sales but significantly affects EPS and Net Profit. Thank you so much for your reply! Is there a strategy that will always win? Yes, I would only add capacity onto existing plants and not build new plants. 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). you should repurchase stock whenever you can. The Business Strategy Game or BSG is a simulation game used by, different colleges for their Business capstone. Ive played the Business Strategy Game many times through and have completely dominated my opponents every single round of every single game. Okay. A celebrity endorsing your product offers a big boost to product awareness, helps a brand penetrate new regions thus acquiring new market shares, and can drive up sales. If Im wrong, Ill post another comment. Wow, you are done! The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. 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. Write down each regions reject rates and add them up to the regions estimates sales volume. It can be very beneficial for you. Download Magic Year 11 Secrets Revealed NOW. Increase S/Q ratings? So I run into problem again! On this page, you will set your values for your branded production. Please delete one if there is an extra comment. If it is 0%, that is fine as well, do not worry about it. Your numbers might be a little bit off due to the reject rates. Hi. You then want to select 0% as the Portion of the $XX mil. Copyright 2018 BGSTips.com | All rights reserved. In the case where other competitors are employing this strategy; strive to be the first team to get the most points. Most Industry competitorsarentable to replicate high results when they face tougher opponentsand have asimpleunderstanding of the Business Strategy Game. Hey!! Hi Fin, Thanks for the detail post and the screen shots. If you have more cash available, go ahead and spend it for either one of the other options. It only takes 10-15 minutes to put the numbers in the right spotsto make yourself an Industry leader. Even more important is, to stick to it! Members of the team should have skills and strengths that serve to complement each other for a perfect working synergy. If you have any questions, suggestions, or comments feel free to comment and I will do my best to help you out. It is usually best to repurchase stock at the beginning, when your stock prices are relatively low. It is a show to the investors whether their investment is performing well. 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. 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 ? This is probably the most important decision entry page in the game and you will be spending most of your time here. With our strategy in mind, I would recommend addition capacity to already existing plants rather than constructing a plant in a new region. It didnt matter how competitive they were, how motivated they were, or whether they were Industry Champions. 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. Okay! I was a poor undergraduate college student, too, at one point, and I understand your unwillingness to pay for an additional book. In the Private-Label Production field, use all your remaining available capacity, even overtime. Again, it is important that you keep in mind to optimize your profits. In this article, you will explore some of the strategies and tips that should be employed to boost your winning chances. Five years ago, I was sitting in a similar situation as you. Max OUTyour production with the high quality shoes at the lowest possible cost. However, it is not necessary and Option C is definitely more effective. So, play around and find the best combination for your given S/Q rating that yields the highest net profit. For your company to be on the right track the R.O.E should be at least 15% annually. When there is a change in any aspect of operations it should be implemented upon approval of all the members. Yes, despite your competitors building capacity as well, I recommend increasing capacity in a reasonable amount. The importance of buying back stock early and how buying back stock gives you an edge in 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. Again, maximizing net profit is all you care about with our strategy determined at the beginning. I include tons of free information to give you a leg up on your classmates on my blogroll. Thanks! Hi. This isthe lazy wayof winning the Business Strategy Game and requires very little knowledge and effort on your part. The BSG Ultimate Solution isTHE ONLYGUARANTEEDone-way ticket to winning the BSG. I am having trouble getting my company back into the positive ending cash after taking out a loan. Furthermore, I spent all my cash on hand for dividends and stock repurchase to increase my ROE and EPS as much as possible. More capacity also brings down your costs. So, multiply your sales volume for the wholesale segment for each region by 1.2. . I will explain soon, how to increase plant capacity and why we need the capacity for private label. So when following the steps described above, you will have positive ending cash really soon again. Hi, Im glad to hear that it helped! Hi, youre welcome. Stick in your e-mail address, and the tips guide will be in your inbox instantly. I shut them down fast and knocked them out of the running. I mainly looked at what they were doing in the private label sector. You need to get confidential,accurate,comprehensive, andreliablyup to dateinformation from a trusted andPROVENBusiness Strategy Game source. In this multiplayer business simulation game, Virtonomics players must strategically build their virtual companies to become successful Virtonomics entrepreneurs. How would you like to acquire every secret I have about the Business Strategy Game? 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? Especially with our high quality and low models strategy, this will be very beneficial and will safe you some money. In the first few years, this will be pretty difficult to determine. The Business Strategy Game is a PC-based exercise, modeled to reflect the real-world character of the globally competitive athletic footwear industry and structured so that you run a company in head-to-head competition against companies run by other class members. What should I do for year 12 and 13? The value that yields the highest profit value is the one you want to go with for this decision round. You do not want that to happen, especially because your internet sales only account for a small percentage of your entire sales. So I would recommend you to decrease your models to 50 and remain at 8* for most of the time, if not even for all the remaining game. If I have further questions do you mind I ask you for help? Also, I suggest not decreasing your dividends. I like to have around $8-10 million ending cash available after all my decisions are made. Make all the decisions tactfully and base them all on research and not emotion. Entering year 15 I am still doing 8 star but the demand forecast is super low. It depends on how much private label you sell and whether you want and can sell more depending on the market, whether its satisfied or not. 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. 4. Can you tell us more about the strategy you had ? My guide follows the rule highest net profit is key to success. Your interest rates depend on your credit rating and the duration of your loan. 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. Learn a little more about the theoretical concepts behind the game in our Free MBA course. Do not price your shoes too low, so that you will not make any profits with your sales. 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. I'm back with this updated video full of helpful tips so you can tackle the. You cannot afford to followsimple techniques and fail! The celebrity should also be compatible with the product, for instance, a football player would be ideal for a sports shoe endorsement. But if i decrease my model, I dont think I will be competitive enough to compete with him if he stays with his strategy, what do you think? However, if you happen to use overtime at either of the two plants, plan on increasing the plants capacity in this decision round. 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. The rule of the game is to compete with the other students' teams to stay ahead to gain a competitive advantage over other teams. While +2% might now always be spot on, I have made the best experience with it so far. The private-label market is a very nice opportunity to gain an advantage off your competitors and take their market share. Like I already said in my previous post, the most important thing is to toggle each and every value and pay close attention to your net profits. 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. I am currently dominating my industry, and closing in on the top 100 list! 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. Strategy and Execution is your shield and sword for Conquering the Industry. This would leave you with a bunch of shoes unsold. 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. I personally would not bid higher than $5,000 $6,000. This is very helpful. You have successfully adjusted to your competitors. What Poker Strategists Say Poker is an incredibly strategic game and as such, there's a lot to learn from its big players. After you have done this for both the N.A. You are almost done for the Sales Forecast decision page. You can also pay dividends to your shareholders. It is definitely around 1.2 though and I recommend starting off with this value. When contracting a celebrity, your advertising efforts in the Sales Forecast section should not be low. I cannot make any money there. Which is better, cost leadership, integration, or differentiation? It will be, trust me. 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. 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. Hello, Hence, make sure to plug in every possible value to reach the highest net profit possible. I just have a quick question. The first is the paid guide. 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. Hello. When you sign up for BSG Tips, youre not alone. Your competitors are most likely looking for this information too. havr the highest stock price, image rating at 90, A+ still, and double digit EPS. You can either take out a 1-year, 5-year, or 10-year bank loan. Here, you will decide for how much your shoe is going to sell. You always want to make sure that you produce your sales volume for N.A. However, do not forget to calculate your possible additional expenses for your celebrities. For further explanation, please read my blog post. Authorize your construction and you save your decisions. Emerging on top of this simulation can be quite a challenge. I daily (thank you, Hootsuite, for making it so easy!) 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. . Dont be fooled by Cheap imitation Business Strategy Game guides you might see online. Thank you so much! Again, trying out different combinations and optimizing net profits is key for these values. You need this capacity for the private-label market. I would always encourage you to bid on available celebrities. We offer free, unlimited fast support to answer any questions. 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. However, you can successfully apply most of the following tips to either strategy. Beat the Business Strategy Game. Promise I wont have tons of question haha. 39K views 1 year ago #businessstrategygame Here is my ultimate guide to help you ace the Business Strategy Game. I worried that another team would have stumbled onto your blog, but few people Google tips it seems! This is why building additional capacity is so important. Then, after a lot thought on the matter, I devised an easy method for taking full advantage of currency fluctuations. 5. So the question is: would you recommend for my team to still increase capacity despite this fact? This means, you decide about the S/Q Rating of your branded pairs produced and your compensation and training for your employees. I will just adjust it first and see what happens, thanks a lot:). If you found your highest value for the best net profit, move on to the next value and do the same. However, it will also decrease your ending cash. Profit is the key to success in this game! 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. Currently, were selling 150 models. Embedded in the magic numbers is a reinforced long-term money-saving strategy that will save you money every year forever! Do you know why is that? 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 can decide to sell or purchase available capacity, upgrade your plants, build new plants in other regions, or add capacity to already existing plants. If you have any questions, feel free to come back and ask them. You will have secret access to private areas of the site and get to ask questions with my personal expert replies. I followed your recommendations, and I have a good rank. Complement each other. When I played the game, I barely looked at what my competitors were doing. Thank you, Fin! I am in Y12, and I am adjusting for Y13. Is this guide guaranteed to make me win? My undergraduate business strategy teacher made us play the BSG-Online simulation for 40% of our grade. Business simulation games allow you to experience certain aspects of running a business in a completely virtual, consequence-free environment. However, my net profit is still negative even after i have adjusted the private-label. I prioritize building additional capacity and purchasing plant upgrades. 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. You cannot afford to followsimple techniques and fail! And he also purchase 4000 capacity in the first year but no advertising expenses. I recommend increasing capacity and keep focusing on your profits. A quick e-mail to your inbox. However, some values, such as the Wholesale Price have decreased instead of increased. PS: I do the 5-year-loan 12,000k in Y11 (7% interest); In year 12, I paid #1 Long-Term (early payment) 12k at 8.2% AND borrow 70,000k 5-year-loan at 4.5%. From experience Id say tho that it is already too late to adjust to my strategy presented. ? 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). Its a lot of trial and error until you find the best possible value and it takes a lot of time at the beginning. Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. In addition, the company resembles an athletic footwear company with plant operations instead of outsourcing . 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 it is pretty difficult for other teams to see what you are doing to them before it is too late. As much as expansion is important to the lifeblood of a company, if you are faced with a situation of people rapidly building a lot of capacity. Just plug in numbers and note down your net profit values. Those that havent played the BSG Online yet and are researching online for every advantage they can find. However, after 3-4 years, your competitors will settle and changes will be more predictable. Private label will help you dominate your competition. 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. Theres everything explained in detail. Hi, Those that are already playing the BSG Online and are going bankrupt and/or are dead last. 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. The business level strategy used can be replicated by anyone and is so brain-dead simple that you are destined to win if you apply these techniques. 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. You can only do one upgrade at a time in each region and a total of two updates per region. Chances are it would be a piece of cake right? Now, decide to which region you want to ship your private-label shoes. Here is a chart again tho show you the process: If your regular production capacity is not sufficient, use overtime. 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. 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. Sure, you can ask anytime On this screen, you can handle your financial decisions for your company. Login Scroll Down Your browser does not support the video tag. You should slightly increase your dividends year by year. 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. There is a huge difference of learningHow To Winand learning the basics of the game. sales volume estimate. Regardless of your scenario,having BSG Tips in your corner is like having an 800 lb. Do this for all four regions. In addition, you have the option to repurchase your stock. As a company wants to be in every market, it will be important to . The information is these guides is laid out, and displayed, in such a way that crucial decisions should be a breeze. I did not stock issues or issue purchase in the those years. Weve heard countless horror stories of students not taking the BSG seriously and failing the course as a result. 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.