business strategy game tips

What should I do for year 12 and 13? Important: Your Sales volume, not the production volume that includes the rejected pairs! 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! Im giving away adeadly secretinsideMagic Year 11 Secrets Revealedthat will make a person number 1 almost no matter what. If it is 0%, that is fine as well, do not worry about it. construction cost to be financed with debt. The Business Strategy Game or BSG is a simulation game used by, different colleges for their Business capstone. My group and I are about to complete year 17 for the game. It typically keeps increasing until a certain price point and then starts to drop. If you see little action on the celebrity market, go ahead and get your celebrities for the lowest price possible ($500). 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?. Thanks a lot! 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. If for whatever reason you arent satisfied with the guide, return it anytime for a full refund. The end result counts. Instantly Jump Your Business Strategy Game Score 10 Points for FREE! Hi there! It makes sense to do the upgrade before adding capacity. You can either take out a 1-year, 5-year, or 10-year bank loan. Sometimes thats cutting expenses, sometimes thats increasing expenses (even though it might not make sense at first). It is usually best to repurchase stock at the beginning, when your stock prices are relatively low. How can I increase my game score? I promise you my techniques and tips are fully replicable and have kept me theundefeatedall theseYears! I started with paying $0.05 dividends and increased it by $0.05 every year. It only takes 10-15 minutes to put the numbers in the right spotsto make yourself an Industry leader. Can you tell us more about the strategy you had ? The first is the paid guide. 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. Definitely helps! "In terms of scope and comprehensiveness, it has no equal in the world of business . Buy I have quite a lot ending cash. Is it too late to reduce that to 50 as you suggested in your recommendation? Should I continue expanding NA or AP and by how much? So when following the steps described above, you will have positive ending cash really soon again. 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. However, some values, such as the Wholesale Price have decreased instead of increased. Economic Impact of Hurricane Harvey and Hurricane Irma, Temporary Oil Price Changes Hold Back Consumer Spending. 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). How and when to buy celebrity endorsements at the BSG-Online. 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. Because with more capacity, you can offer more pairs in private label and dominate the market there. One option that you definitely want to purchase is Option C. Option C increases your S/Q rating by 1 star. And he also purchase 4000 capacity in the first year but no advertising expenses. I would like to ask you about the Dividends. My question is what if I decreased the pay dividends to $0.15 from $1.00? Strategies, decision screens, reports and tests. This game can be overwhelming, so anything to help other players! Heres What You Get in The Ultimate BSG Solution Monster Package: The Ultimate BSG Solution Guide was written by an old established BSG Grand Champion. 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. Hi. unfortunately I have no experience with adjusting to my strategy in the late-game. Do not worry about those numbers, they will just show you whether your investment is profitable or not. A quick e-mail to your inbox. I would always encourage you to bid on available celebrities. The rule of the game is to compete with the other students' teams to stay ahead to gain a competitive advantage over other teams. Switch between different advertising budgets to see which strategy will be the most cost-effective to capture the target market at the best price. Again, this can be trial and error for a couple of decisions but you should get a feeling for what multiplier is best for your company. 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. Then, just like you did before, plug in different values for your internet price and see, which price yields the highest net profit. With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. Be objective in your approaches from the beginning of the simulation right to the end. And you said I should only add capacity onto existing ones instead of building a new one in LA right? With our strategy, you might want to think about getting Option A as well. Hello, thanks for the great strategy, it is working (1st place) ! However, do not forget to calculate your possible additional expenses for your celebrities. You said that the internet price should be 40% above wholesale. In the first few years, this will be pretty difficult to determine. The Capitalism series is widely regarded as the best business strategy game series ever created. Some students even let it ride without making ANY decisions for years! The FREE BLOGcovers topics like. For further explanation, please read my blog post. Order now. or A-P plant. We are reaching the last decision round and would like some hints on how to boost net profits for the last year and gain some extra points. That being said, when you go with the strategy explained in my post, you will have maximized profits. Pay loans faster. Hi, Im glad to hear that it helped! 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. If you find capacity available for purchase, I would always directly purchase it. Hence, keep track of the industrys internet price and how it changes. 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. You can do this by paying off your loans at the earliest possible time. I daily (thank you, Hootsuite, for making it so easy!) I let the rest remain the same in the entry. Looking at the North America column, you now have to plug in your values for Wholesale Price, S/Q Rating, Models Available, etc. I include tons of free information to give you a leg up on your classmates on my blogroll. honestly i started with 150 models at 6 stars and went to 200 and 7 stars, 8 in private label. 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 am a Business Strategy Game Grand Champion. How to solves this situation ,have you given us any suggestion. Here are some of the best tips for accelerating your business. Make all the decisions tactfully and base them all on research and not emotion. Personally, I would do a higher SQ to start things out while you are building capacity to match the low quality-high model approach. In the first years, the estimate of the industry average might be a little off the +2%. Here is a chart again tho show you the process: If your regular production capacity is not sufficient, use overtime. 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. Using a game strategy to push a business forward is a different approach, but it has been proven successful for many. Ship all the other shoes for the Europe-African warehouses and the Asia-Pacific warehouses from the Asian-Pacific plant. Do the same for your E-A and A-P volumes and plug them into the A-P manufacturing slot. I have placed this manual and an easy-to-use currency spreadsheet on this site for you. Hi Yvonne. If you're like most students though, you just want to win the Business Strategy Game, be crowned Industry Champion, get the grade, and move . Regardless of your scenario,having BSG Tips in your corner is like having an 800 lb. If you have your AP price set to e.g. We will now look at all the decisions you have to make to actually play the game and be successful with your strategy. However, it will also decrease your ending cash. Learn tips & tricks, from a BSG Grand Master! Skip the fancy words so many other guides drone on about BSG, andget down to real execution of business strategy. I only ever paid attention to my profits and I never ever sold capacity. However, the private-label market is set up the way that only a limited demand is given each year. I will walk you through each page chronologically. Set Models Offered to 50 and Free Shipping to No. Those that havent played the BSG Online yet and are researching online for every advantage they can find. So what are some of the qualifications you should be on the lookout for when picking your team? Let me know if you have any more questions. There is a huge difference of learningHow To Winand learning the basics of the game. I am in a box where every move I make to lower cost or shift production lowers my EPS or credit rating. Embedded in the magic numbers is a reinforced long-term money-saving strategy that will save you money every year forever! I worried that another team would have stumbled onto your blog, but few people Google tips it seems! . Everyone has the same advantage as the team next to them. It didnt matter how competitive they were, how motivated they were, or whether they were Industry Champions. With my help, tips, techniques, and strategies, your competition doesnt stand a chance! The decision is due tonight I am so nervous but the performance score so far looks good. 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. But strategy wise I always sticked to my maximum net profit strategy which you can do no matter your competitors strategy. Do not sit on it. What is this Currency Made Easy! 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 Business Strategy Game 2023 Edition Competing in a Global Marketplace New Students (click here) New Instructors (click here) Login for Returning Users Forgot Password ? 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. Dont believe us, just try below. If you have more cash available, go ahead and spend it for either one of the other options. The C.I.R on the other hand will give you a deeper look into market share, S/Q ratings as well as price. 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. The profits of controlling the industry will help you win the business strategy game. On this decision page, you can bid on celebrities. 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! You then want to select 0% as the Portion of the $XX mil. No worries, it will be easier after the first few years. As always, do not forget to save your decisions after you are done. That summer, I played in the Business Strategy Game Best Strategy Invitational (BSI) and won that as well. This is where consumers get the best quality of footwear at the lowest possible price, therefore ensuring value for their money. Business strategy games are a type of computer or board game that simulates the decision-making processes involved in running a business. Well some Industry Champions have such an easy time winning because the people theyre going up against simply didnt care about the BSG. 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. 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 . So, multiply your sales volume for the wholesale segment for each region by 1.2. thank you:). Other teams in your industry wont stand a chance when you unleash the tactics we teach. thank you for your help. . 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. Do you have any suggestions? update them with tips and food for thought from the paid guide. Do not price your shoes too low, so that you will not make any profits with your sales. 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. You always want to make sure that you produce your sales volume for N.A. And it is pretty difficult for other teams to see what you are doing to them before it is too late. Apply the following tips to reduce some of the costs. Based on the kind of approach you will use, you might find it useful to keep some of the costs low. So for our strategy, it should be 7 stars at the beginning. By clicking on the Purchase Capacity button, you can see whether someone else did the mistake and sold capacity. 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. 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. But again, thanks! Here's a free video of things to watch out for while you are running your shoe company and competing in the BSG. I did not forget it, but we will take a look at it later. You should pay attention that your S/Q Rating of Branded Pairs Produced matches your value on the Sales Forecast page. From experience Id say tho that it is already too late to adjust to my strategy presented. 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. I would then adjust the Percentage of Superior Materials to whatever is needed to match my S/Q Rating with the value plugged in on the Sales Forecast page. There should be a balance. 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. There are tons of possibilities in the Business Strategy Game, and the wrong strategy in the wrong circumstance willCOST you the game. of what decision year youre in, how bankrupt you are, or if your company is dead last right now . The private-label market is a very nice opportunity to gain an advantage off your competitors and take their market share. If it is lower than 40%, your wholesale price will be in competition with your internet price. After you have calculated the manufacturing volume for each region, add up your N.A. In conclusion, while the BSG simulation requires tact and strategy, employing the above tips will help you get a better sense of how the game works and incorporating them into your strategies will boost your overall performance. 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. Here, you will plug in your previously calculated regional total sales volume for each region. If you found your highest value for the best net profit, move on to the next value and do the same. They have all changed by +2%, just as you plugged it in. Thats a game changer!! Since youre only in the second year, I would honestly decrease your models to 50. 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. Obviously, the other teams and their decisions will play the biggest role in how you play the game, but this is a good starting point for how the game works and . When you sign up for BSG Tips, youre not alone. You cannot afford to followsimple techniques and fail! 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. However, you can successfully apply most of the following tips to either strategy. Then, after a lot thought on the matter, I devised an easy method for taking full advantage of currency fluctuations. 1. So for the last year I didnt stick to the rule that the internet price has to be 40% higher than the wholesale price. 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. Use of my strategy creates a landslide effect that, as you can see, is very devastating to all opponents. I would still go for the 50 models and make sure to buy or build capacity so you have enough for your private label. Contact the Grand Championand Learn more about the BSG. The first time I played, I did exactly what you are doing: researching the internet. Thanks for your strategy! Hi Dennis. Hello. 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. Five years ago, I was sitting in a similar situation as you. However, it is not necessary and Option C is definitely more effective. 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. Leave everything else unchanged. I will just adjust it first and see what happens, thanks a lot:). Be in it for the long haul 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. Ideally, you can cut your employees wages and will increase profit. Is this guide guaranteed to make me win? On this screen, you can handle your financial decisions for your company. Is there a system to beating the game? On this page, you will optimize your entries and toggle each value until your reach the maximum profit possible for each entry. Members of the team should have skills and strengths that serve to complement each other for a perfect working synergy. Now, decide to which region you want to ship your private-label shoes. Dont blindly waste recourses on a celebrity tag; be strategic to make sure you will get the return on investment. 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. This is because your competitors are adjusting and trying to find their strategy. Automated page speed optimizations for fast site performance, Capsim Winning Strategies and Simulation Tips, Leadership and Management Assignment Help. This means, you decide about the S/Q Rating of your branded pairs produced and your compensation and training for your employees. Beat the Business Strategy Game. 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. I like to have around $8-10 million ending cash available after all my decisions are made. Virtonomics. Any advice? Hi Lee, In the Private-Label Production field, use all your remaining available capacity, even overtime. Its a lot of trial and error until you find the best possible value and it takes a lot of time at the beginning. (In Y11, I did the 5-year loan with 12,000k (7% interest). The fact that you are looking for help mean. So far I have only build a 1000 EA plant and additional 500 NA plant. After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. Ive turned dead-last severely bankrupt companies into Industry Champions with just two years left in the game. The two most important values you want to have as precisely estimated as possible are the industrys average wholesale price and S/Q rating. 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. This is your new, more precise regional wholesale sales volume. Learn how to set your prices right by orchestrating your branded market efforts with my intense market advertising and a retail support campaigns that will ensure company stability for years to come. To boost earnings per share (E.P.S) you can use the cash at hand to retire and repurchase any outstanding shares. You are now done with your private-label decisions and all significant decisions that affect your net profits. Id also like to point out that it appears the developers threw out NAFTA in the new version, so tariffs hurt pretty bad in Latin America. Paying dividends will increase your stock price and your ROE. You will need those numbers later on. In the upper right box, you can spend your excessive cash. Entering year 15 I am still doing 8 star but the demand forecast is super low. The guide features my original model that provides explanation on strategic positioning in BSG which was developed specifically to expose competitors strengths weaknesses at a glance. My group and I are also playing the new version of the game and were little bit lost. And then I would just follow my tips and adjust all other values to maximize profits. What Poker Strategists Say Poker is an incredibly strategic game and as such, there's a lot to learn from its big players. The information is these . 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 cannot make any money there. 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. I am having trouble getting my company back into the positive ending cash after taking out a loan. You are now all set to dominate your industry and win the BSG! This means, without increasing your superior material or enhanced styling / features, you gain 1 star. I will talk about the Celebrity Endorsements page later. It took me years to learn this and it would take you years as well but,I know you dont have years. If this scares you, it should. Yes, I would only add capacity onto existing plants and not build new plants. 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. . 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. I recommend building additional 1,000 capacity for the North American plant in the first year, if your cash balance allows it. 5. My friend and I walk through the simulation on how it works. Its not too late to do that yet. Paying off these loans in advance has the advantage that you will pay less interest over the coming years. While they might boost your image rating, they will decrease your profit. The demand depends on your retails, price and quality. It is best to build only as much capacity as you can afford without taking any loans. Increase S/Q ratings? How Much Capacity Should My Company Have? 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 daily (thank you, Hootsuite, for making it so easy!) I wish you the best of luck for your game. If you tweak those numbers, your demand will adjust accordingly. You might have the highest profits with 0 advertising budget. 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. Again, try out each percentage for each region and set it to the percentage that yields the highest profits. my advice would be to read my guide and follow the steps. Two of the most important things to do here are analyzing your competition and optimizing your values. You will also receive a copy of Currency Made Simple. When doing so, you have to plug in numbers for the assumptions section in the new window. Using this as a base strategy has yielded good results in my experiences. The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. I suggest to go for maximum profits. Free shipping will most likely not increase your profits. Is your strategy also works for my situation? Again, trying out different combinations and optimizing net profits is key for these values. gorilla on your side. With increased competition, prices tend to decrease. NEVER do this. In addition, you have the option to repurchase your stock. My guide follows the rule highest net profit is key to success. If not, I dont see the need to purchase equipment in order to make more shoes until the demand begins to encroach upon my shoe making capacity. The Models Offered estimate seems pretty fair and you do not have to worry about it. For only $35, get instant access to the Business Strategy Game Guide. 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. Thank you so much! Try out each and every value and note down the highest net profit values. . I feel you. It was set Pay Dividends $1.00, which turned out 20,000k in total. But I found ZERO helpful information online. For long term celebrity contracts and endorsement, bid for them in the early stages of the simulation. Which is better, cost leadership, integration, or differentiation? sales volume estimate. 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. I was wondering how much more additional capacity that I should purchase after Ive bought the first 1000 for NA.

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