It only takes 10-15 minutes to put the numbers in the right spotsto make yourself an Industry leader. You will soon know why. Oh, how I wish I had known all this before I began playing. The information is these . If you add capacity it will show you the price. This is very helpful. 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. You need the capacity for the private label market. 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. If you see little action on the celebrity market, go ahead and get your celebrities for the lowest price possible ($500). . I am getting my butt kicked! This will enable you to tap into the different unique abilities of each of the members thus strengthening your team. Yes, I am talking about the www.bsg-online.com for 2023. So having understood what the image rating of a company is based upon, how can you improve it? Hi Dennis. Use the remaining 30% capacity to sell shows in private-label! After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. Strategies, decision screens, reports and tests. Other teams in your industry wont stand a chance when you unleash the tactics we teach. As a Business Strategy Game Grand Champion, I have been responsible for burying many Industry Champion competitors and I have to say, its not hard. Exactly. im at year 17 and perfect score twice, 1st in last 3 years and 2nd twice. In addition, the company resembles an athletic footwear company with plant operations instead of outsourcing . R.O.E is the measure of the ability of a company to generate profit. Almost done, the last decision page. 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. Play with your numbers around and tweak them to generate maximum net profit. You should slightly increase your dividends year by year. 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. 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 will soon know why. Your estimate of the industry average for the internet retail price does not change with your adjusted competitive that you set to +2% before. I will just adjust it first and see what happens, thanks a lot:). Hence, keep track of the industrys internet price and how it changes. 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. And you said I should only add capacity onto existing ones instead of building a new one in LA right? So your costs will be relatively low as well and the private label will be a very important factor of yours. While your regional sales volume for the internet segment is a good estimate, the estimates for the wholesale segments are not. I prioritize building additional capacity and purchasing plant upgrades. Buy I have quite a lot ending cash. This enhances the marketing efforts for the brand. Aim for a higher credit rating of B+ or above. Do this for all the four regions. 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. On this page, you will optimize your entries and toggle each value until your reach the maximum profit possible for each entry. Especially with our high quality and low models strategy, this will be very beneficial and will safe you some money. 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? and L.A. volumes and finally plug them into the NA manufacturing slot. Entering year 15 I am still doing 8 star but the demand forecast is super low. The Business Strategy Game or BSG is a simulation game used by, different colleges for their Business capstone. 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. havr the highest stock price, image rating at 90, A+ still, and double digit EPS. Leave everything else unchanged. The importance of buying back stock early and how buying back stock gives you an edge in the game. I am in a box where every move I make to lower cost or shift production lowers my EPS or credit rating. If it increases your profits, leave it at Yes, otherwise set it to No. I suggest to go for maximum profits. Weve heard countless horror stories of students not taking the BSG seriously and failing the course as a result. More capacity also brings down your costs. 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. As I played the game, I discovered that I could use some fairly simple math to massively increase my game score. Free shipping will most likely not increase your profits. The strategy utilized is broad and will allow your company to decide in what direction you want to take your company after to win Business Strategy Game. Percentage of Superior Materials, Number of Models, Enhanced Styling / Features, TQM / Six Sigma Quality Program, and Best Practices Training all affect the S/Q Rating. 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. Also, I am concerned about the prices strategy; the group who is in the first place has the plan of highest S/Q rating (7) with 200 models and lowest prices. 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. These games often involve managing resources, making . Your interest rates depend on your credit rating and the duration of your loan. Helped me get to the second place! But strategy wise I always sticked to my maximum net profit strategy which you can do no matter your competitors strategy. 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. In the first few years, this will be pretty difficult to determine. You are now all set to dominate your industry and win the BSG! (In Y11, I did the 5-year loan with 12,000k (7% interest). If you will not be able to get a return on your investment over the remaining period, it might be a good idea to forego the upgrading process. Paying dividends will increase your stock price and your ROE. Every single member should be given the venue to express their thoughts clearly. Hi. If you tweak those numbers, your demand will adjust accordingly. Instantly Jump Your Business Strategy Game Score 10 Points for FREE! 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). You can only do one upgrade at a time in each region and a total of two updates per region. Learn how your comment data is processed. However, when pricing your shoes, keep in mind to set the price at least $5 below the wholesale price average. 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. Authorize your construction and you save your decisions. If this is still not enough, add the missing shoes to the other plants Branded Pairs to be Manufactured in Year XX number. 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. Well some Industry Champions have such an easy time winning because the people theyre going up against simply didnt care about the BSG. Hi Fin, Thanks for the detail post and the screen shots. To do so, first plug in your N.A. Hi! The Capitalism series is widely regarded as the best business strategy game series ever created. These simulation games can help you develop hard. Be objective in your approaches from the beginning of the simulation right to the end. The second part is the free site resources. You basically determine and run the market. Sorry for the late reply.. Been starting my new job and working a lot lately. 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. I guess because i grew too fast last week, this weeks net profit is negative (I didnt make any adjustment yet). SAVE TIME & PASS YOUR CLASS Amplify Your BSG Online Score: https://www.bsg-game.com/select-time Derek's "Pass Your Class Guarantee" . Hi, After watching this comprehensive 75 minute video I haverecentlyfilmed, you will know exactly what you need to do to be successful. Select from a pool of diverse individuals who will bring in different opinions and perspectives to the team. The Business Strategy Game is a PC-based exercise, modeled to reflect the real-world character of the globally competitive athletic footwear industry and structured so that you run a company in head-to-head competition against companies run by other class members. 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). These are the tools you need to win BSG. Always Have A Backup Plan. Again, maximizing net profit is all you care about with our strategy determined at the beginning. This Reddit is dedicated to help undergraduate and graduate students excel at the McGraw-Hill Business Strategy Game or BSG-Online. It took me years to learn this and it would take you years as well but,I know you dont have years. 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. Try out different combinations that keep you at 8* and the highest possible net profit. Copyright 2018 BGSTips.com | All rights reserved. Thank you! I was wondering how much more additional capacity that I should purchase after Ive bought the first 1000 for NA. I know every strategy, secret, and tip you can possibly imagine about the Business Strategy Game, and Im willing to share them with you. After you have done this for both the N.A. You will also receive a copy of Currency Made Simple. It didnt matter how competitive they were, how motivated they were, or whether they were Industry Champions. BSGTips.com is a proven guide (written by a Business Strategy Game Grand Champion) on how to win, not just how to play. 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. But this year the shipping is too high from AP to LA so I cannot make any money from LA. My guide follows the rule highest net profit is key to success. The celebrity endorsement will work well only if it is boosted by aggressive advertising. Grow the stock price of your company's shares by at least 5% between the years 10 and 15. We will now look at all the decisions you have to make to actually play the game and be successful with your strategy. Fin. 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. In addition, your Retail Outlets values should always be the highest number possible that you are allowed to enter. I am having trouble getting my company back into the positive ending cash after taking out a loan. (Im adjusting for Y13 now). Which wholesale are you referring to? 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. 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. This is also linked to having production facilities in that market to support it. Like I explained in my blog post, do everything that is necessary to increase and maximize your net profits. 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. The Models Offered estimate seems pretty fair and you do not have to worry about it. Virtonomics. Those that are already playing the BSG Online and are going bankrupt and/or are dead last. Max OUTyour production with the high quality shoes at the lowest possible cost. I only ever paid attention to my profits and I never ever sold capacity. Hence, find the combination that gives you the highest profit. 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. Increase models? You can decide to sell or purchase available capacity, upgrade your plants, build new plants in other regions, or add capacity to already existing plants. "In terms of scope and comprehensiveness, it has no equal in the world of business . Im not talking about theory and how to play; Im talking about a proven system that helped me become Business Strategy Game Grand Champion. I would like to ask you about the Dividends. So, should I decrease pay dividends here to $0.15? I suggest you upgrade your browser. The guide also features step by step instructions in how to manage decision screens in making the best decision. However, do not forget to calculate your possible additional expenses for your celebrities. Strategy and Execution is your shield and sword for Conquering the Industry. When I played the game, I barely looked at what my competitors were doing. It will be, trust me. When starting the BSG, you have two long-term loans; one for 5 years, the other one for 10 years. If you have more cash available, go ahead and spend it for either one of the other options. What should I do in this case? I include tons of free information to give you a leg up on your classmates on my blogroll. 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. You need to get confidential,accurate,comprehensive, andreliablyup to dateinformation from a trusted andPROVENBusiness Strategy Game source. I followed your recommendations, and I have a good rank. In this package you get TheUltimate BSG Solution Guidealong with theIndustry Champion video. One way you can maximize the R.O.E is to purchase stock at the earliest possible time. Hello. 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. It will be very helpful for us and will be very grateful Do you still have your upload reports of all your years ? Focus on Net Profit, ROE (very important), Credit Rating, Image Rating is quite easy to control and also Stock Prices. Use of my strategy creates a landslide effect that, as you can see, is very devastating to all opponents. I now have another question about capacity. Private label will help you dominate your competition. I have also included a Special 30 minuteAudio Companion for the Magic Numbers that is great for Year 11 starters! Try and set it to Yes. Buy Now with PayPal. You cannot afford to followsimple techniques and fail! I did not forget it, but we will take a look at it later. 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. It is best to build only as much capacity as you can afford without taking any loans. Thats a game changer!! You have to dissect your competition and forecast their every move. Let me ask you this. if you have left over inventory, you should either work on your numbers as I described in my post or put the left-over shoes into private-label. More than often they drone on and on about BSG, to the point, its barely relevant toimpress you with abunch of words. Is your strategy also works for my situation? Set Models Offered to 50 and Free Shipping to No. Selecting the members that will form your team is very crucial as you will be working together to ensure the success of your company. 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. Learn tips & tricks, from a BSG Grand Master! If I have further questions do you mind I ask you for help? Here are some of the best tips for accelerating your business. 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. That summer, I played in the Business Strategy Game Best Strategy Invitational (BSI) and won that as well. Worst case, all the demand is already satisfied in your region before your shoes at a certain price is being considered. Again, try out each percentage for each region and set it to the percentage that yields the highest profits. 5. I let the rest remain the same in the entry. My question is what if I decreased the pay dividends to $0.15 from $1.00? How important is image? And he also purchase 4000 capacity in the first year but no advertising expenses. This has been very useful. I adjusted a little bit and the forecast is now close to previous years. For long term celebrity contracts and endorsement, bid for them in the early stages of the simulation. 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. I started with 250 models and S/Q rating of 5. However, do not rely on those values. It makes sense; the more ads you run, the more your celebrity endorsement will be seen and the more effective it is. 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. However, you should keep on thing in mind: Your internet price should ideally be 40% higher than your wholesale price. The end result counts. 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. What is this Currency Made Easy! Your numbers might be a little bit off due to the reject rates. With remaining the cash on hand, try to buy back stock, pay off your loans from the beginning of the game, pay back dividends, and upgrade your plants. Download Magic Year 11 Secrets Revealed NOW. I feel you. Is this guide guaranteed to make me win? Here are factors to be considered before picking a celebrity. 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. For the upgrade option C is the one to raise 1 star, but the actual cost it can save me every year is not a lot, should I still do that? Also do you know the cost of building additional capacity. Thank you so much for the good recommendations. Thanks a lot! If for whatever reason you arent satisfied with the guide, return it anytime for a full refund. I put $1.00 pay dividends, which turned out 20,000k in total. But again, thanks! 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. The only thing you wont get is Magic Year 11 Secrets Revealed.Dont Wait! Dont believe us, just try below. 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. Advantage of this is, that you dont have to pay too much attention to your competitors. Here, you will plug in your previously calculated regional total sales volume for each region. Market share is not crucial for your success in the BSG, but profit is. And profit is what the game is all about. My friend and I walk through the simulation on how it works. As already mentioned earlier, not every decision has to make sense. Then, after a lot thought on the matter, I devised an easy method for taking full advantage of currency fluctuations. You possible might decrease your net profits with this, but it is definitely worth it and will pay off in the long-run. Thanks for your strategy! Finished top 3 the first time and we are currently in 2nd place through 5 weeks for our current simulation. Pay attention to the plant upgrade options as well. Yeah I will hold on to that for now. 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. However, it will also decrease your ending cash. Everyone has the same advantage as the team next to them. However, it is not necessary and Option C is definitely more effective. Using a game strategy to push a business forward is a different approach, but it has been proven successful for many. Switch between different advertising budgets to see which strategy will be the most cost-effective to capture the target market at the best price. 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. How can I increase my game score? This is your new, more precise regional wholesale sales volume. Hence, try to keep your internet price at least 40% higher than your wholesale price. 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. The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. I would always encourage you to bid on available celebrities. Dont blindly waste recourses on a celebrity tag; be strategic to make sure you will get the return on investment. The first is the paid guide. You have successfully adjusted to your competitors. 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. Please post any information pertaining to: strategies, tips, final presentations, case studies, quizzes, etc. Start off with the values that you know for sure: For the high quality, low models strategy, I recommend starting off with a S/Q rating of 7 stars and 50 models available. Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. This can get confusing at the beginning so here is a table to show you the process. What should I do for year 12 and 13? Based on the kind of approach you will use, you might find it useful to keep some of the costs low. Business strategy games are a type of computer or board game that simulates the decision-making processes involved in running a business. Hi, thanks for the great strategy! First, click on the Adjust Competitive Intensity button that can be found on the top middle of the page.
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