This isthe lazy wayof winning the Business Strategy Game and requires very little knowledge and effort on your part. Most of the decisions you can make here are a waste of money and will not benefit your company. It can be very beneficial for you. I prioritize building additional capacity and purchasing plant upgrades. Purchasing capacity is 20% cheaper than building new capacity on your own. Important: Your Sales volume, not the production volume that includes the rejected pairs! 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. Take advantage of my highly-guarded distribution decision strategy that Ive used to reap the benefits of the complex tariff rules and exchange rates. Everything else like earnings per share (EPS), return on equity (REO), and image rating (IR) will automatically follow. Download Magic Year 11 Secrets Revealed NOW. I recommend increasing capacity and keep focusing on your profits. Ive turned dead-last severely bankrupt companies into Industry Champions with just two years left in the game. Ideally, you can cut your employees wages and will increase profit. But the plant page did say not recommend to build the plant so I was hesitating. First, click on the Adjust Competitive Intensity button that can be found on the top middle of the page. 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. Best strategy guides for bsg online how to win bsg (business strategy game) have spent years of ten dedicated men practicing the bsg online games with over DismissTry Ask an Expert Ask an Expert Sign inRegister Sign inRegister Home Ask an ExpertNew My Library Discovery Institutions University of Law University of Greenwich University College London The best Business Strategy Game Guide| BSG Help | BSG Guide Any advice? 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. Tips on How to Win the Business Strategy Game (BSG) - Top Academic Writers ? 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). Use the remaining 30% capacity to sell shows in private-label! If you add capacity it will show you the price. This manual provides actual numbers to use as guidelines, has many examples from real games, and should make your life so much easier than mine was! 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. 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. After you have found the right price, click the Save Decisions button. By employing the best cost strategy. Try out each and every value and note down the highest net profit values. Here, you will decide for how much your shoe is going to sell. 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. Emerging on top of this simulation can be quite a challenge. 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. You need the capacity for the private label market. Hence, you will only focus on the two following decisions that are worth their money as they increase your image rating the most. Im giving away adeadly secretinsideMagic Year 11 Secrets Revealedthat will make a person number 1 almost no matter what. With more inventory, however, you can put more shoes into private label which is a really important aspect of the game. Im glad I was able to help and good luck to you! It is a show to the investors whether their investment is performing well. The first is the paid guide. Okay! Two of the most important things to do here are analyzing your competition and optimizing your values. Do not price your shoes too low, so that you will not make any profits with your sales. This is because your competitors are adjusting and trying to find their strategy. You will soon know why. Displaying corporate citizenship in a responsible and socially acceptable manner for not less than 4 years. For your company to stand out, it should ideally have an image rating of 70 and above. Do not worry about those numbers, they will just show you whether your investment is profitable or not. In the instance where a plant is available for purchase, buying one would be the ideal option because you will be able to save time and up to 20% of the money that would have otherwise been used to build one. It covers in detail all of the strategies, concepts, software features and tricks necessary to win the McGraw-Hill Business Strategy Game. Hello. And I would not build another plant, rather increase capacity in the plants that you already built. You will need those numbers later on. 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. Or you have read it but still do not know what strategy to pursue or what is going on? If it is lower than 40%, your wholesale price will be in competition with your internet price. However, with a reasonable price. Written by an Undefeated Business Strategy Game Grand Champion. 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. There are tons of possibilities in the Business Strategy Game, and the wrong strategy in the wrong circumstance willCOST you the game. Here, you are treated like a star. You will also receive a copy of Currency Made Simple. I daily (thank you, Hootsuite, for making it so easy!) Over the course of many years, I have seen a plethora of situations, companies with a BILLION dollars in debt, people making strategic mistakes that willruinthem in the LATE GAME. 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. But this year I have a lot of cash on hand, I upgraded my plant, should I also build the LA plant although I dont need that much capacity at the moment? My question is what if I decreased the pay dividends to $0.15 from $1.00? 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! Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. "In terms of scope and comprehensiveness, it has no equal in the world of business . BSGTips.com is a proven guide (written by a Business Strategy Game Grand Champion) on how to win, not just how to play. Global Top Performers Helped me get to the second place! First, set your Number of Models to 50, as determined earlier at the Sales Forecast page. BSG 2017 - Business Strategy Game - Guide How To Win - V2 If this scares you, it should. R.O.E is the measure of the ability of a company to generate profit. It will give you some immediate tips you can implement to start off on the right foot or begin turning things around. I am having trouble getting my company back into the positive ending cash after taking out a loan. We give you. I worried that another team would have stumbled onto your blog, but few people Google tips it seems! Currently, were selling 150 models. If this is still not enough, add the missing shoes to the other plants Branded Pairs to be Manufactured in Year XX number. And then I would just follow my tips and adjust all other values to maximize profits. like should I just follow your tips through all because I kind of get on a bad start. The two most important values you want to have as precisely estimated as possible are the industrys average wholesale price and S/Q rating. Learn More Waiting to buy them later will lead to an increase in their prices. Thats the highest achievement you can attain. . If it is 0%, that is fine as well, do not worry about it. Nine Game-Changing Business Tips That Helped These - Forbes However, after 3-4 years, your competitors will settle and changes will be more predictable. If you tweak those numbers, your demand will adjust accordingly. Let us move on to the tricky part of this decision page. You are now all set to dominate your industry and win the BSG! Fin. 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). Wow, you are done! With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. If you reach the last decision round, comment down below and I will give you some hints on how to boost your net profits for the last year and gain some extra points. Do this for all the four regions. Unused capacity kills your numbers and profits! Furthermore, I spent all my cash on hand for dividends and stock repurchase to increase my ROE and EPS as much as possible. I cant seem to find it. I will talk about the Celebrity Endorsements page later. Now, decide to which region you want to ship your private-label 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. Business simulation games allow you to experience certain aspects of running a business in a completely virtual, consequence-free environment. If you found your highest value for the best net profit, move on to the next value and do the same. Those are LEARNING REFERENCES written bycommonplace Industry Champions, which teach you how toplay. Hi, thanks for the great strategy! Sounds good, congrats! 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. For this blog post, I will concentrate on the high-quality + low model strategy. Any thoughts? For long term celebrity contracts and endorsement, bid for them in the early stages of the simulation. However, some values, such as the Wholesale Price have decreased instead of increased. You can still ship pairs from LA to somewhere else if needed. Yes, I am talking about the www.bsg-online.com for 2023. And he also purchase 4000 capacity in the first year but no advertising expenses. It might be tedious work and consumes a lot of time, but it will definitely worth it and will let you win the BSG. Ship all the other shoes for the Europe-African warehouses and the Asia-Pacific warehouses from the Asian-Pacific plant. So when following the steps described above, you will have positive ending cash really soon again. Focus on Net Profit, ROE (very important), Credit Rating, Image Rating is quite easy to control and also Stock Prices. You said that the internet price should be 40% above wholesale. Instantly Jump Your Business Strategy Game Score 10 Points for FREE! 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. You basically determine and run the market. Who Else Wants to Win Business Strategy Game? | BSGTips Hello, Im playing the new version of the game, and your guide has worked perfectly for the first two years! My group and I are also playing the new version of the game and were little bit lost. I'm back with this updated video full of helpful tips so you can tackle the. And it is pretty difficult for other teams to see what you are doing to them before it is too late. It is not. In the upper right box, you can spend your excessive cash. The same accounts for your Change in Annual Base Wages and Incentive Pay values. gorilla on your side. You then want to select 0% as the Portion of the $XX mil. The higher your celebrity endorsement value for a specific region, the more your advantage in attracting buyers to purchase your branded footwear. Let me walk you through the various decision pages and explain you how to optimize each entry. You now need the forecasted Regional Sales Volume for both the Internet Segments and Wholesale Segments in all four regions that you wrote down earlier. Develop a fictional startup in a choice of industries, playing in modes including entrepreneur, business war or Virtonomics tycoon. What will I get for my $48? I recommend building additional 1,000 capacity for the North American plant in the first year, if your cash balance allows it. Hi there! Explanation of the Four Main Strategies of Business Strategy Game with their strengths and weaknesses based upon the Strategic Map, Detailed execution processes for each of the decision screens to produce enlightened results which answer questions, Discover how to become efficient in branded production, the best way to market your shoes, and which upgrades are absolutely ESSENTIAL for your given strategy, Three Year Plan rules simplified to attain the highest score your company can achieve, Business Strategy Invitational Insights for those who want to become Business Strategy Game Grand Champions, Academically proven for positively influencing new Business Strategy Game students to overcome the challenges of starting their company off on the right foot. Start Here: The Business Strategy Game Guide Site Map In the case where other competitors are employing this strategy; strive to be the first team to get the most points. unfortunately I have no experience with adjusting to my strategy in the late-game. Strategies, decision screens, reports and tests. 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. Beat the Business Strategy Game. Also, I suggest not decreasing your dividends. Learn tips & tricks, from a BSG Grand Master! I guess because i grew too fast last week, this weeks net profit is negative (I didnt make any adjustment yet). Business Strategy Game | Play Free Online - MBA Crystal Ball Hi! Increase models? It has two components. Free shipping will most likely not increase your profits. In this package you get TheUltimate BSG Solution Guidealong with theIndustry Champion video. However, it is not necessary and Option C is definitely more effective. So the question is: would you recommend for my team to still increase capacity despite this fact? Two decision rounds later, I was ranking 3rd in the world. Strategy 1 - Align simulation with learning objectives. In this article, you will explore some of the strategies and tips that should be employed to boost your winning chances. I am in a box where every move I make to lower cost or shift production lowers my EPS or credit rating. As I played the game, I discovered that I could use some fairly simple math to massively increase my game score. 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. 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. How To Win A Business Simulation Game? I never really watched my EPS or credit rating (ofc credit rating should be a B at least). Hi Yvonne. However, when pricing your shoes, keep in mind to set the price at least $5 below the wholesale price average. If you see little action on the celebrity market, go ahead and get your celebrities for the lowest price possible ($500). I would always encourage you to bid on available celebrities. When coming up with a CSR initiative, ensure that the budget can be sustained over time without burdening the company. 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. The Models Offered estimate seems pretty fair and you do not have to worry about it. Here, you have the opportunity to sell your existing capacity. One way you can maximize the R.O.E is to purchase stock at the earliest possible time. These are the tools you need to win BSG. Using a game strategy to push a business forward is a different approach, but it has been proven successful for many. sales volume estimate. 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. Select +2% for the Percent Change in Competitive Impact of All Other Factors from Previous Year. I am in Y12, and I am adjusting for Y13. Max OUTyour production with the high quality shoes at the lowest possible cost. You need this capacity for the private-label market. 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. As I keep reading online about different strategies to win, there are some postings that are aligned with the strategy of low quantity of models offered at a high quality and keep increasing capacity. These simulation games can help you develop hard. Hi, Do you know why is that? 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 . Like I said before, you should be building capacity, yes. This is probably the most important decision entry page in the game and you will be spending most of your time here. For only $35, get instant access to the Business Strategy Game Guide. . I was thinking about building a LA plant because I took the majority of private label there last year. Its not too bad, no worries. These are some of the tips you can use to win the business strategy game. 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). (Im adjusting for Y13 now). This enhances the marketing efforts for the brand. Regardless of your scenario,having BSG Tips in your corner is like having an 800 lb. With this, they raised the global capacity to 30,000 when the potential global demand (including private label) is only 24,218. 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 demand for branded production is met, put everything else into private label to make sure you dont have unused capacity. Similar to the branded production, try out the different values to see which combination will give you the lowest Average Production Cost value for your plant and hence, the highest profits. Okay. This is extremely easy and if thats all you want, then grab The Ultimate BSG Solution right now and guarantee your success. If you have your AP price set to e.g. SAVE TIME & PASS YOUR CLASS Amplify Your BSG Online Score: https://www.bsg-game.com/select-time Derek's "Pass Your Class Guarantee" . You have to dissect your competition and forecast their every move. The first time I played, I did exactly what you are doing: researching the internet. 16 Business Simulation Games for Entrepreneurs I will walk you through each page chronologically. This means, without increasing your superior material or enhanced styling / features, you gain 1 star. . How would you like to acquire every secret I have about the Business Strategy Game? You possible might decrease your net profits with this, but it is definitely worth it and will pay off in the long-run. Every game in the Business Strategy Game starts out the same. Business Strategy Game (BSG) Helpful Tips!!! - YouTube Avg. values have changed. The only thing you wont get is Magic Year 11 Secrets Revealed.Dont Wait! How important is image? I am on my second year and I have negative income right now, any tips on how to get in the positive? 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. BSG Game Help - Business Strategy Game Online Tutoring This will enable you to tap into the different unique abilities of each of the members thus strengthening your team. It didnt matter how competitive they were, how motivated they were, or whether they were Industry Champions. While your regional sales volume for the internet segment is a good estimate, the estimates for the wholesale segments are not. I see this every semester, and you dont want it to be you. This is also linked to having production facilities in that market to support it. That combined will give you a good boost for the last year. But strategy wise I always sticked to my maximum net profit strategy which you can do no matter your competitors strategy. . What is this Currency Made Easy! I want to thank you for visiting my Business Strategy Game (BSG Online) website. Well some Industry Champions have such an easy time winning because the people theyre going up against simply didnt care about the BSG. Embedded in the magic numbers is a reinforced long-term money-saving strategy that will save you money every year forever! (meaning I decreases it from $1.00 to $0.15). The information is these . I will just adjust it first and see what happens, thanks a lot:). I include tons of free information to give you a leg up on your classmates on my blogroll. 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! Dont blindly waste recourses on a celebrity tag; be strategic to make sure you will get the return on investment. In my opinion, I believe the other teams are thinking on exploit the private label. Is this guide guaranteed to make me win? 5. you can SUCCEED in the Business Strategy Game by following my SIMPLE tips, advice, and strategies. Here, you will plug in your previously calculated regional total sales volume for each region. 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. Here's a free video of things to watch out for while you are running your shoe company and competing in the BSG. 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 . You will soon know why. 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. Other teams in your industry wont stand a chance when you unleash the tactics we teach. In this blog post, I will run you through everything important that you have to know about the BSG and how to win it. The knowledge to exasperate competitor weaknesses and curb competitor strengths lies in the strategic knowledge in the model. The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. Theres not right amount of capacity you should purchase. 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. This will save you money in the long run and at the same time boost your credit rating positively. Dont let them beat you to it or you simply wont stand achance.