business strategy game tips
Strategies, decision screens, reports and tests. 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. So when following the steps described above, you will have positive ending cash really soon again. For long term celebrity contracts and endorsement, bid for them in the early stages of the simulation. 4. 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. 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. 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). No spam. I would always encourage you to bid on available celebrities. Hence, you will only focus on the two following decisions that are worth their money as they increase your image rating the most. I let the rest remain the same in the entry. Any advice? 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. Pay loans faster. Hi there! The rule of the game is to compete with the other students' teams to stay ahead to gain a competitive advantage over other teams. It typically keeps increasing until a certain price point and then starts to drop. Contact the Grand Championand Learn more about the BSG. thank you for your help. 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. In addition, you have the option to repurchase your stock. 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. How can I increase my game score? So where to look at this thing, as soon as you start the BSG Online Game. honestly i started with 150 models at 6 stars and went to 200 and 7 stars, 8 in private label. Your competitors are most likely looking for this information too. Thats one of the things you should never do because you can always use capacity. 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). Beat the Business Strategy Game. This enhances the marketing efforts for the brand. I usually go ahead and plug in whole dollar amounts for the wholesale price and see how net profit changes. 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! There are tons of possibilities in the Business Strategy Game, and the wrong strategy in the wrong circumstance willCOST you the game. After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. You can still ship pairs from LA to somewhere else if needed. I dont know why the game suddenly changed your numbers but I recommend using every last bit of your capacity. 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. You will soon know why. If for whatever reason you arent satisfied with the guide, return it anytime for a full refund. you can SUCCEED in the Business Strategy Game by following my SIMPLE tips, advice, and strategies. . The celebrity should also be compatible with the product, for instance, a football player would be ideal for a sports shoe endorsement. 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. This can get confusing at the beginning so here is a table to show you the process. It only takes 10-15 minutes to put the numbers in the right spotsto make yourself an Industry leader. I am getting my butt kicked! You do not want that to happen, especially because your internet sales only account for a small percentage of your entire sales. My group and I are about to complete year 17 for the game. Thanks! Worst case, all the demand is already satisfied in your region before your shoes at a certain price is being considered. Everything else like earnings per share (EPS), return on equity (REO), and image rating (IR) will automatically follow. 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 But I found ZERO helpful information online. 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. I guess because i grew too fast last week, this weeks net profit is negative (I didnt make any adjustment yet). You always want to make sure that you produce your sales volume for N.A. Could you win the Business Strategy Game against a bunch of 5th graders? I am the longest known active Business Strategy Game player with a career stretching back to 2006 and throughmultiple versions of BSG. 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. I am in Y12, and I am adjusting for Y13. Okay. Unused capacity kills your numbers and profits! The FREE BLOGcovers topics like. Do this for all four regions. 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. Business simulation games allow you to experience certain aspects of running a business in a completely virtual, consequence-free environment. They have all changed by +2%, just as you plugged it in. Entering year 15 I am still doing 8 star but the demand forecast is super low. I have experienced different behavior with bidding on celebrities. Automated page speed optimizations for fast site performance, Capsim Winning Strategies and Simulation Tips, Leadership and Management Assignment Help. However, there are still some other voluntary decision that will prepare you for future decisions. And you can basically never have enough capacity for private label. It covers in detail all of the strategies, concepts, software features and tricks necessary to win the McGraw-Hill Business Strategy Game. The decision is due tonight I am so nervous but the performance score so far looks good. Is it too late to reduce that to 50 as you suggested in your recommendation? 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. Economic Impact of Hurricane Harvey and Hurricane Irma, Temporary Oil Price Changes Hold Back Consumer Spending. Use of my strategy creates a landslide effect that, as you can see, is very devastating to all opponents. 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. Sounds good, congrats! However, you can successfully apply most of the following tips to either strategy. NEVER do this. I suggest you upgrade your browser. As always, do not forget to save your decisions after you are done. Hi! 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. Since there are many decision making elements in a simulation game, for example in Global Challenge the business management simulation, there are demand, production, HR, R&D, marketing, logistics, transfer pricing and taxation, and finance decisions, instructors should decide "which . If you have your AP price set to e.g. Yes, I am talking about the www.bsg-online.com for 2023. Sorry for the late reply.. Been starting my new job and working a lot lately. It sometimes works. update them with tips and food for thought from the paid guide. And he also purchase 4000 capacity in the first year but no advertising expenses. 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! Turn delivery time to four weeks because it has no noticeable effect on sales but significantly affects EPS and Net Profit. 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. It was set Pay Dividends $1.00, which turned out 20,000k in total. Business Strategy Game Tips - . You can do this by paying off your loans at the earliest possible time. However, when pricing your shoes, keep in mind to set the price at least $5 below the wholesale price average. Here, you have the opportunity to sell your existing capacity. Chances are it would be a piece of cake right? It is all about trying out all possible combinations. you should repurchase stock whenever you can. After watching this comprehensive 75 minute video I haverecentlyfilmed, you will know exactly what you need to do to be successful. You are playing the BSG but do not want to read the 35-page Players Manual? On this page, you will set your values for your branded production. In this package you get TheUltimate BSG Solution Guidealong with theIndustry Champion video. update them with tips and food for thought from the paid guide. After you are done, move on the left side and do the same for your internet sales. Should I decrease the pay dividends and do stock repurchase in Y13? I like to have around $8-10 million ending cash available after all my decisions are made. This like a trial and error process and does not necessarily have to make sense. Thank you so much for your reply! Any thoughts? Do not worry about those numbers, they will just show you whether your investment is profitable or not. 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. This is probably the most important decision entry page in the game and you will be spending most of your time here. Buy I have quite a lot ending cash. By clicking on the Purchase Capacity button, you can see whether someone else did the mistake and sold capacity. In this article, you will explore some of the strategies and tips that should be employed to boost your winning chances. Beat the Business Strategy Game. However, try your best. 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. But strategy wise I always sticked to my maximum net profit strategy which you can do no matter your competitors strategy. It is important to toggle your values and find the best combination to maximize your net profit. Here, you will decide for how much your shoe is going to sell. In any Business Strategy Game, including BizMAP, you will not get it 'right' in the first attempt. 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. Hi, Im glad to hear that it helped! In the first few years, this will be pretty difficult to determine. $50.66 but $50.67 gives you higher profits, go for the higher prices. Strategy and Execution is your shield and sword for Conquering the Industry. So if one of your markets is not satisfied or prices are high, I would built capacity to attack this market and sell a lot of shoes for a cheap price, to guarantee you the lowest price so that you sell all your offered shoes. Currently, were selling 150 models. When I played the game, I barely looked at what my competitors were doing. Everyone has the same advantage as the team next to them. This decision page is mainly a waste of money and we will not spend a lot of time with this page. I wish you the best of luck for your game. My friend and I walk through the simulation on how it works. 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. It will give you some immediate tips you can implement to start off on the right foot or begin turning things around. 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. Here is a chart again tho show you the process: If your regular production capacity is not sufficient, use overtime. Concerning changing others values, I recommend reading my initial post where I have explained everything in detail. In the upper left box, you have available sources of additional cash. Hi, Learn tips & tricks, from a BSG Grand Master! Download Magic Year 11 Secrets Revealed NOW. 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. Thank you very much for your kind words! Thank you in advance! Im not talking about theory and how to play; Im talking about a proven system that helped me become Business Strategy Game Grand Champion. The end result counts. So the question is: would you recommend for my team to still increase capacity despite this fact? Members of the team should have skills and strengths that serve to complement each other for a perfect working synergy. It is definitely around 1.2 though and I recommend starting off with this value. MyNewVideo Guide leaves nothing to the imagination. Finished top 3 the first time and we are currently in 2nd place through 5 weeks for our current simulation. The Capitalism series is widely regarded as the best business strategy game series ever created. Two decision rounds later, I was ranking 3rd in the world. Hi Yvonne. thank you:). 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. 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. For only $35, get instant access to the Business Strategy Game Guide. If you have any questions, suggestions, or comments feel free to comment and I will do my best to help you out. 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. Selecting the members that will form your team is very crucial as you will be working together to ensure the success of your company. 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 should be a balance. I have also included a Special 30 minuteAudio Companion for the Magic Numbers that is great for Year 11 starters! We had a bunch of copycats in practice year 12, but nobody has figured our profit-maximizing, low-cost strategy, and now theyre pursuing higher models in the real game. Business strategy game. Ive played the Business Strategy Game many times through and have completely dominated my opponents every single round of every single game. You can only do one upgrade at a time in each region and a total of two updates per region. Profit is the key to success in this game! So far I have only build a 1000 EA plant and additional 500 NA plant. The Business Strategy Game BSG is a PC-based exercise designed to mirror the real-world features of the competitive athletic footwear industry. I see this every semester, and you dont want it to be you. You basically do the same thing over and over again, for every decision round. Again, it is important that you keep in mind to optimize your profits. Always Have A Backup Plan. Do not price your shoes too low, so that you will not make any profits with your sales. Does it affect any other factors? Steal my conservative private label strategy that and immunize your company from bankruptcy. Do not worry about the Plant Capacity / Upgrades page. I highly recommend starting below with my free tips guide. It might be tedious work and consumes a lot of time, but it will definitely worth it and will let you win the BSG. If you have more cash available, go ahead and spend it for either one of the other options. 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 private-label sector is something you do not want to miss out on, especially with our high quality, low models strategy. 39K views 1 year ago #businessstrategygame Here is my ultimate guide to help you ace the Business Strategy Game. If it is 0%, that is fine as well, do not worry about it. 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. When you are deciding whether to upgrade your plant capacity, time is an essential factor. R.O.E is the measure of the ability of a company to generate profit. After a couple of decision rounds, you will get a feeling for it and it will become easier, no worries. 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 it is lower than 40%, your wholesale price will be in competition with your internet price. Hi. The second part is the free site resources. Your interest rates depend on your credit rating and the duration of your loan. Yes, I would definitely do plant upgrade option C! You want to setEthics Training / Enforcement to All Employees and Workforce Diversity Program to Yes. For only $35, get instant access to the Business Strategy Game Guide. The same accounts for your Change in Annual Base Wages and Incentive Pay values. 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. However, keep in mind that your regional endorsement value should not be higher than 400 in any region. Be in it for the long haul 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. congrats on your success! You cannot afford to followsimple techniques and fail! 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. Sometimes, clearing your beginning inventory at a discount will boost your profits. Created Oct 30, 2013 Restricted 753 Members 5 Online Moderators Moderator list hidden. So, play around and find the best combination for your given S/Q rating that yields the highest net profit. Make all the decisions tactfully and base them all on research and not emotion. Having an increased S/Q rating and lower prices boosts the image of the company positively. These are some of the tips you can use to win the business strategy game. The BSG Game went through a major revision in the beginning of 2019. 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. You dont have to care about your retail outlets anymore so adjust the price so maximize your net profit, without the 40% rule. I will just adjust it first and see what happens, thanks a lot:). Hi, Let us take a look at the Plant Capacity / Upgrades page first. If youd like an overview of the content we publish, take a look here, and if youre interested in Glo-bus, start here. From the desk of: a Business Strategy Game Grand Champion. In this multiplayer business simulation game, Virtonomics players must strategically build their virtual companies to become successful Virtonomics entrepreneurs. I prioritize building additional capacity and purchasing plant upgrades. My group and I are also playing the new version of the game and were little bit lost. For only $35, get instant access to the Business Strategy Game Guide. This will enable you to tap into the different unique abilities of each of the members thus strengthening your team. If this is still not enough, add the missing shoes to the other plants Branded Pairs to be Manufactured in Year XX number. 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? Hi, thanks for the great strategy! So what are some of the qualifications you should be on the lookout for when picking your team? However, do not forget to calculate your possible additional expenses for your celebrities. This means, without increasing your superior material or enhanced styling / features, you gain 1 star. Can you tell us more about the strategy you had ? The information is these . 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. How Much Capacity Should My Company Have? Same for your superior material. The value that yields the highest profit value is the one you want to go with for this decision round. Do the same for your E-A and A-P volumes and plug them into the A-P manufacturing slot. I followed your recommendations, and I have a good rank. I still think its a waste to build a plant there, unless youre selling tons of shoes (high models, mid SQ). However, after 3-4 years, your competitors will settle and changes will be more predictable. In this section, you can upgrade your plants. gorilla on your side. is it because I need to add capacity? The company that offers the lowest price will sell all its supply first, followed by the company with the second lowest price offered, and so on. Pay attention to the plant upgrade options as well. . I will walk you through each page chronologically. 2. 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. Yes, despite your competitors building capacity as well, I recommend increasing capacity in a reasonable amount. Weve heard countless horror stories of students not taking the BSG seriously and failing the course as a result. Every single member should be given the venue to express their thoughts clearly. Like I explained in my blog post, do everything that is necessary to increase and maximize your net profits. Weve solved EVERYTHING for you. More than often they drone on and on about BSG, to the point, its barely relevant toimpress you with abunch of words. Theguide will show you how to make your company lean and agile to cope with the industrys marketplace. You are almost done for the Sales Forecast decision page. 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. 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. With our strategy in mind, I would recommend addition capacity to already existing plants rather than constructing a plant in a new region. However, the private-label market is set up the way that only a limited demand is given each year. For your company to stand out, it should ideally have an image rating of 70 and above. What is this Currency Made Easy! Well some Industry Champions have such an easy time winning because the people theyre going up against simply didnt care about the BSG. 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. Theres everything explained in detail. Is this guide guaranteed to make me win? In the upper right box, you can spend your excessive cash. 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. Always keep that in mind when formulating your strategies and leave room for adjustment where necessary. Other teams in your industry wont stand a chance when you unleash the tactics we teach. A quick e-mail to your inbox. 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). 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. How and when to buy celebrity endorsements at the BSG-Online. In this video we go over these five Business Strategy Game Tips: Price elasticity and why most athletic footwear companies don't understand how it is really computed. If you have any questions, comments, concerns, or feedback, click on my name below and Ill respond to you as quickly as I can. Once you have enough capacity then switch to low SQ approach. And then I would just follow my tips and adjust all other values to maximize profits. Yes, its not too late yet to follow through with my tips. I will talk about the Celebrity Endorsements page later. Authorize your construction and you save your decisions. I know every strategy, secret, and tip you can possibly imagine about the Business Strategy Game, and Im willing to share them with you. All the while you get lost on what was really importantto do actuallywin. Use the remaining 30% capacity to sell shows in private-label! 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?