I am a Business Strategy Game Grand Champion. Paying dividends will increase your stock price and your ROE. Hence, find the combination that gives you the highest profit. 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. thank you for your help. Here, you will determine the Percentage of Superior Materials, Number of Models, Enhanced Styling / Features, TQM / Six Sigma Quality Program, Change in Annual Base Wages, Incentive Pay, and Best Practices Training. On this page, you will optimize your entries and toggle each value until your reach the maximum profit possible for each entry. But again, thanks! Thank you so much for the good recommendations. Try out each and every value and note down the highest net profit values. How did your 2nd decision go? 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. First, click on the Adjust Competitive Intensity button that can be found on the top middle of the page. And it is pretty difficult for other teams to see what you are doing to them before it is too late. I prioritize building additional capacity and purchasing plant upgrades. update them with tips and food for thought from the paid guide. 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. If I have further questions do you mind I ask you for help? Yeah I had that in the first weeks as well. While your regional sales volume for the internet segment is a good estimate, the estimates for the wholesale segments are not. I started with paying $0.05 dividends and increased it by $0.05 every year. After you have calculated your new regional wholesale sales volume, add the regional internet sales volume to it. R.O.E is the measure of the ability of a company to generate profit. Thank you very much for your kind words! Business Strategy Game Tips - . Select from a pool of diverse individuals who will bring in different opinions and perspectives to the team. Five years ago, I was sitting in a similar situation as you. Is there a system to beating the game? Based on the kind of approach you will use, you might find it useful to keep some of the costs low. I suggest to go for maximum profits. PS: I left a comment, but I did not see it and thus retyped. Be in it for the long haul Sure, you can ask anytime Okay! Now, I am worried about the future rounds. Hi Dennis. As always, do not forget to save your decisions after you are done. Just plug in numbers and note down your net profit values. Embedded in the magic numbers is a reinforced long-term money-saving strategy that will save you money every year forever! Do this for all four regions. Learn a little more about the theoretical concepts behind the game in our Free MBA course. Hi, Business strategy games are a type of computer or board game that simulates the decision-making processes involved in running a business. In this package you get TheUltimate BSG Solution Guidealong with theIndustry Champion video. I recommend building additional 1,000 capacity for the North American plant in the first year, if your cash balance allows it. After watching this comprehensive 75 minute video I haverecentlyfilmed, you will know exactly what you need to do to be successful. 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). If you see little action on the celebrity market, go ahead and get your celebrities for the lowest price possible ($500). Hence, try to keep your internet price at least 40% higher than your wholesale price. So for our strategy, it should be 7 stars at the beginning. Thank you so much for your suggestion! It makes sense to do the upgrade before adding capacity. Hi, youre welcome. 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. So your costs will be relatively low as well and the private label will be a very important factor of yours. 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 Business Strategy Game BSG is a PC-based exercise designed to mirror the real-world features of the competitive athletic footwear industry. Apply the following tips to reduce some of the costs. $50.66 but $50.67 gives you higher profits, go for the higher prices. The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. 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. Beating the Business Strategy Game About the Guide. But strategy wise I always sticked to my maximum net profit strategy which you can do no matter your competitors strategy. update them with tips and food for thought from the paid guide. 39K views 1 year ago #businessstrategygame Here is my ultimate guide to help you ace the Business Strategy Game. When contracting a celebrity, your advertising efforts in the Sales Forecast section should not be low. 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. Pay attention to the plant upgrade options as well. However, if you happen to use overtime at either of the two plants, plan on increasing the plants capacity in this decision round. 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 am in a box where every move I make to lower cost or shift production lowers my EPS or credit rating. This means, you have a channel conflict, meaning that your Retail Outlets number will decrease in the next year and less retailers are willing to sell your shoes. When you found the best combination to produce your shoes at the lowest cost possible while meeting the S/Q rating requirement, move to the Private-Label Bids section. Well some Industry Champions have such an easy time winning because the people theyre going up against simply didnt care about the BSG. According to the change, you can estimate the next years average industry internet price and plug it in. Strategy and Execution is your shield and sword for Conquering the Industry. In Y12, I paid early payment 12,000k at 8.5% and continued borrowing 70,000k at 4.5% for 5-year). That being said, when you go with the strategy explained in my post, you will have maximized profits. And then I would just follow my tips and adjust all other values to maximize profits. Hi Yvonne. If you add capacity it will show you the price. It is definitely around 1.2 though and I recommend starting off with this value. Some business simulation games actually put you in the position of a business owner, but others have varying storylines or themes that let players hone these skills in . Thanks a lot! I cannot make any money there. It covers in detail all of the strategies, concepts, software features and tricks necessary to win the McGraw-Hill Business Strategy Game. I want to thank you for visiting my Business Strategy Game (BSG Online) website. If it is lower than 40%, your wholesale price will be in competition with your internet price. sales volume estimate. 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. But the plant page did say not recommend to build the plant so I was hesitating. Im giving away adeadly secretinsideMagic Year 11 Secrets Revealedthat will make a person number 1 almost no matter what. Download Magic Year 11 Secrets Revealed NOW. Otherwise, their endorsement effect declines. 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. 2. Dont believe us, just try below. That its always wise to start out on the right foot rather than try to pull yourself out of a financial nosedive. If you have more cash available, go ahead and spend it for either one of the other options. With our strategy in mind, I would recommend addition capacity to already existing plants rather than constructing a plant in a new region. Using a game strategy to push a business forward is a different approach, but it has been proven successful for many. 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. SAVE TIME & PASS YOUR CLASS Amplify Your BSG Online Score: https://www.bsg-game.com/select-time Derek's "Pass Your Class Guarantee" . Purchasing capacity is 20% cheaper than building new capacity on your own. But I found ZERO helpful information online. 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. Also do you know the cost of building additional capacity. I include tons of free information to give you a leg up on your classmates on my blogroll. This will save you money in the long run and at the same time boost your credit rating positively. Here are factors to be considered before picking a celebrity. You want to setEthics Training / Enforcement to All Employees and Workforce Diversity Program to Yes. This is extremely easy and if thats all you want, then grab The Ultimate BSG Solution right now and guarantee your success. Learn tips & tricks, from a BSG Grand Master! In the first years, the estimate of the industry average might be a little off the +2%. This means, you decide about the S/Q Rating of your branded pairs produced and your compensation and training for your employees. 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. The two most important values you want to have as precisely estimated as possible are the industrys average wholesale price and S/Q rating. My group and I are also playing the new version of the game and were little bit lost. The fact that you are looking for help mean. 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. Could you win the Business Strategy Game against a bunch of 5th graders? When doing so, you have to plug in numbers for the assumptions section in the new window. More capacity also brings down your costs. You can only do one upgrade at a time in each region and a total of two updates per region. 5. 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. Steal my conservative private label strategy that and immunize your company from bankruptcy. Dont let them beat you to it or you simply wont stand achance. Hi Fin, Thanks for the detail post and the screen shots. and why do I want it? Yes, I would definitely do plant upgrade option C! Hence, keep track of the industrys internet price and how it changes. Virtonomics. Hi. 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%. 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. . (meaning I decreases it from $1.00 to $0.15). Do I need to change another setting on another page for this to remain positive? 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. 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. 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. I did not forget it, but we will take a look at it later. It is not. 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 your new, more precise regional wholesale sales volume. So, should I decrease pay dividends here to $0.15? 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? Hello, thanks for the great strategy, it is working (1st place) ! That combined will give you a good boost for the last year. Avg. values have changed. However, you can successfully apply most of the following tips to either strategy. Pay loans faster. Grow the stock price of your company's shares by at least 5% between the years 10 and 15. Those that havent played the BSG Online yet and are researching online for every advantage they can find. Leave everything else unchanged. Go ahead and try out which combination yields the highest profits. I always went with 500 every second year, but it depends on your market and competitors. 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. And you said I should only add capacity onto existing ones instead of building a new one in LA right? Learn tips & tricks, from a BSG Grand Master! When you sign up for BSG Tips, youre not alone. Beat the Business Strategy Game. Here are some of the best tips for accelerating your business. 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! Theguide will show you how to make your company lean and agile to cope with the industrys marketplace. The private-label market is a very nice opportunity to gain an advantage off your competitors and take their market share. 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. Hi Lee, 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. I have also included a Special 30 minuteAudio Companion for the Magic Numbers that is great for Year 11 starters! 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! So, why not win the Business Strategy Game and stop your worrying. Increase models? If you have any questions, suggestions, or comments feel free to comment and I will do my best to help you out. These games often involve managing resources, making . I daily (thank you, Hootsuite, for making it so easy!) The first time I played, I did exactly what you are doing: researching the internet. If it is 0%, that is fine as well, do not worry about it. I know every strategy, secret, and tip you can possibly imagine about the Business Strategy Game, and Im willing to share them with you. Repurchasing stock will boost both your EPS and ROE. Again, it is important that you keep in mind to optimize your profits. Unused capacity kills your numbers and profits! These are some of the tips you can use to win the business strategy game. You always want to make sure that you produce your sales volume for N.A. 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? Those that are already playing the BSG Online and are going bankrupt and/or are dead last. This is because your competitors are adjusting and trying to find their strategy. This enhances the marketing efforts for the brand. Those that are already playing the BSG Online and perhaps want an edge over the competition. You said that the internet price should be 40% above wholesale. Personally, I would do a higher SQ to start things out while you are building capacity to match the low quality-high model approach. I would always encourage you to bid on available celebrities. Hi! It took me years to learn this and it would take you years as well but,I know you dont have years. If you really need money, I would rather advise you to issue some of your stock. My guide follows the rule highest net profit is key to success. Waiting to buy them later will lead to an increase in their prices. For your company to be on the right track the R.O.E should be at least 15% annually. You need to get confidential,accurate,comprehensive, andreliablyup to dateinformation from a trusted andPROVENBusiness Strategy Game source. Setting up a successful business requires time, money, a lot of hard work . Every game in the Business Strategy Game starts out the same. Buy I have quite a lot ending cash. It can be very beneficial for you. After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. I started with 250 models and S/Q rating of 5. The same accounts for your Change in Annual Base Wages and Incentive Pay values. Were at the middle of the pack and wanted the best strategy to move up the ranks. This is also linked to having production facilities in that market to support it. Is there anyway to increase the demand for my shoes in the internet/wholesale markets? Which wholesale are you referring to? The profits of controlling the industry will help you win the business strategy game. Ship all the other shoes for the Europe-African warehouses and the Asia-Pacific warehouses from the Asian-Pacific plant. Economic Impact of Hurricane Harvey and Hurricane Irma, Temporary Oil Price Changes Hold Back Consumer Spending. Use the remaining 30% capacity to sell shows in private-label! Finished top 3 the first time and we are currently in 2nd place through 5 weeks for our current simulation. You need your capacity and it is never a good idea to sell your existing capacity. This has been very useful. With my help, tips, techniques, and strategies, your competition doesnt stand a chance! 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. . 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. Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. Whether a member is suggesting a different. I promise you my techniques and tips are fully replicable and have kept me theundefeatedall theseYears! Here, you will decide for how much your shoe is going to sell. In the first few years, this will be pretty difficult to determine. Strategies, decision screens, reports and tests.