For only $35, get instant access to the Business Strategy Game Guide. You dont have to care about your retail outlets anymore so adjust the price so maximize your net profit, without the 40% rule. Try out each and every value and note down the highest net profit values. This free website and paid guide are a collection of the strategies I have used myself while winning the Business Strategy Invitational multiple times, seen work by my competitors at the highest level of play, and implemented on dozens of teams Ive personally coached. 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. So, multiply your sales volume for the wholesale segment for each region by 1.2. I took first in the world seven out of ten decision rounds and won the BSI again when my MBA program used the McGraw Hill Business Strategy Game simulation as a learning tool also. Does it hurt any other factors? Ideally, you can cut your employees wages and will increase profit. Im playing the new version of the game, and your guide has worked perfectly for the first two years! However, to be able to do so, you need available capacity. You basically determine and run the market. Deciding whether to buy an already functioning plant or build one from the ground up will depend on; whether the geographical region you want to set up has a plant you can buy as well as the time that is available for you to set up a new plant. Displaying corporate citizenship in a responsible and socially acceptable manner for not less than 4 years. 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. 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. Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. I am currently dominating my industry, and closing in on the top 100 list! Is it too late to reduce that to 50 as you suggested in your recommendation? However, it will also decrease your ending cash. You should slightly increase your dividends year by year. I am on my second year and I have negative income right now, any tips on how to get in the positive? Hence, make sure to plug in every possible value to reach the highest net profit possible. No spam. More than often they drone on and on about BSG, to the point, its barely relevant toimpress you with abunch of words. 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. Login Scroll Down Your browser does not support the video tag. My friend and I walk through the simulation on how it works. I would recommend purchasing the upgrade for both of your plants within the first four years. I recommend increasing capacity and keep focusing on your profits. However, do not price your shoes too high, so that your competitors have a lower price than you and will sell their shoes first. However, you can successfully apply most of the following tips to either strategy. I would still go for the 50 models and make sure to buy or build capacity so you have enough for your private label. Your estimate of the industry average for the internet retail price does not change with your adjusted competitive that you set to +2% before. Set your price to whatever maximizes your profits. What is this Currency Made Easy! Make all the decisions tactfully and base them all on research and not emotion. First, set your Number of Models to 50, as determined earlier at the Sales Forecast page. 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. 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 . However, when pricing your shoes, keep in mind to set the price at least $5 below the wholesale price average. im at year 17 and perfect score twice, 1st in last 3 years and 2nd twice. The celebrity should also be compatible with the product, for instance, a football player would be ideal for a sports shoe endorsement. You are almost done for the Sales Forecast decision page. After you have calculated the manufacturing volume for each region, add up your N.A. This is actually typical of almost every single Business Strategy Game Industry, as it takes only 1 greedy person to get the ball rolling. The information is these . As much as expansion is important to the lifeblood of a company, if you are faced with a situation of people rapidly building a lot of capacity. I started with paying $0.05 dividends and increased it by $0.05 every year. and L.A. volumes and finally plug them into the NA manufacturing slot. It almost worked TOO WELL. Can you tell us more about the strategy you had ? Finished top 3 the first time and we are currently in 2nd place through 5 weeks for our current simulation. 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. You need this capacity for the private-label market. The C.I.R on the other hand will give you a deeper look into market share, S/Q ratings as well as price. It covers in detail all of the strategies, concepts, software features and tricks necessary to win the McGraw-Hill Business Strategy Game. Two decision rounds later, I was ranking 3rd in the world. Pay attention to the plant upgrade options as well. I promise you my techniques and tips are fully replicable and have kept me theundefeatedall theseYears! It depends on how much private label you sell and whether you want and can sell more depending on the market, whether its satisfied or not. This is your new, more precise regional wholesale sales volume. . 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. If this is still not enough, add the missing shoes to the other plants Branded Pairs to be Manufactured in Year XX number. Do not worry about those numbers, they will just show you whether your investment is profitable or not. You are now done with all your decisions for the Corporate Citizenship decision page and should hit the Save Decisions button on the upper right-hand corner. Then, just like you did before, plug in different values for your internet price and see, which price yields the highest net profit. However, you should keep on thing in mind: Your internet price should ideally be 40% higher than your wholesale price. As I played the game, I discovered that I could use some fairly simple math to massively increase my game score. As already mentioned earlier, not every decision has to make sense. The BSG tends to underestimate those values by about 20% and hence, you need to correct them for a more precise estimate. However, you can successfully apply most of the following tips to either strategy. The styling/quality (S/Q) ratio of the business venture in the different geographic locations they operate in. 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. 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. 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. It can be very beneficial for you. Do this for all four regions. I did not stock issues or issue purchase in the those years. Created Oct 30, 2013 Restricted 753 Members 5 Online Moderators Moderator list hidden. 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. Please post any information pertaining to: strategies, tips, final presentations, case studies, quizzes, etc. Hi, thanks for the great strategy! Again, it is important that you keep in mind to optimize your profits. 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. Leave everything else unchanged. My guide follows the rule highest net profit is key to success. Dave Mar The demand depends on your retails, price and quality. Order today and you will beprivyto every secret, technique, tip, support, and help I can provide you with thatwill surely secure your SUCCESS and VICTORYas a Business Strategy Game Player. You cannot afford to followsimple techniques and fail! My group and I are also playing the new version of the game and were little bit lost. is it because I need to add capacity? 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 This isthe lazy wayof winning the Business Strategy Game and requires very little knowledge and effort on your part. It only takes 10-15 minutes to put the numbers in the right spotsto make yourself an Industry leader. If this scares you, it should. The celebrity endorsement will work well only if it is boosted by aggressive advertising. When there is a change in any aspect of operations it should be implemented upon approval of all the members. 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. Here, you are treated like a star. Hi, youre welcome. So the question is: would you recommend for my team to still increase capacity despite this fact? Okay! 4. I cant seem to find it. The image rating of a company is the way it is viewed as a brand, The image rating of a company is usually based on. 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. While your regional sales volume for the internet segment is a good estimate, the estimates for the wholesale segments are not. You will have secret access to private areas of the site and get to ask questions with my personal expert replies. sales volume estimate. But do whatever is necessary to maximize your profits. 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. Learn a little more about the theoretical concepts behind the game in our Free MBA course. 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? Your Delivery Time should be set to 3 weeks. Written by an Undefeated Business Strategy Game Grand Champion. ? 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). I am the longest known active Business Strategy Game player with a career stretching back to 2006 and throughmultiple versions of BSG. This is extremely easy and if thats all you want, then grab The Ultimate BSG Solution right now and guarantee your success. So do you mean although we sell exactly same shoes it does not matter even my rivals price is lower than mine so long as i can maximize my profit? Increase S/Q ratings? You will get the hang of it after the first few decision rounds as it is always the same procedure. We were actually thinking on building capacity in LA for next year, however, two of the other teams already built capacity for 6,000 pairs in total (we are only 4 teams in total). If you demand for branded production is met, put everything else into private label to make sure you dont have unused capacity. You will soon know why. I am in Y12, and I am adjusting for Y13. However, if you want to do it more precisely, note down each industrys percentage change over the years and use this number instead of the +2%. Most of the decisions you can make here are a waste of money and will not benefit your company. 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. 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. construction cost to be financed with debt. Dont blindly waste recourses on a celebrity tag; be strategic to make sure you will get the return on investment. 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. I highly recommend starting below with my free tips guide. Hi Dennis. Before you even start plugging in any numbers, it is important that you decide for a strategy to pursue for the game. Any advice? Hi Fin, Thanks for the detail post and the screen shots. Sure, you can ask anytime So, why not win the Business Strategy Game and stop your worrying. The private-label market is a very nice opportunity to gain an advantage off your competitors and take their market share. Sounds good, congrats! I will walk you through each page chronologically. After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. After clicking on the green Go to Decisions/Reports-button in the corporate lobby, you can see your profits in the lower left-hand corner. In this package you get TheUltimate BSG Solution Guidealong with theIndustry Champion video. Chances are it would be a piece of cake right? It sometimes works. Im an excel and math geek and started to break the game down and understand it on a deep level. You should pay attention that your S/Q Rating of Branded Pairs Produced matches your value on the Sales Forecast page. Yeah I will hold on to that for now. So I run into problem again! 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. Look over the shoulder of a Business Strategy Game Grand Champion and see how he pulled off his overwhelming victory. . This can be a very tricky decision and you need to analyze your competitors prices. Economic Impact of Hurricane Harvey and Hurricane Irma, Temporary Oil Price Changes Hold Back Consumer Spending. Thank you! Skip the fancy words so many other guides drone on about BSG, andget down to real execution of business strategy. How Much Capacity Should My Company Have? So for our strategy, it should be 7 stars at the beginning. It makes sense to do the upgrade before adding capacity. Business Strategy Game player with a career stretching back to 2006 and throughmultiple versions of BSG. Instantly Jump Your Business Strategy Game Score 10 Points for FREE! Be cautious though: Do not only look at the percentage change in net profits, but also at the total value as the total value might change sometimes but the percentage change remains the same. Order now. I believe it varies based on your games situation. Concerning changing others values, I recommend reading my initial post where I have explained everything in detail. 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 ? Most Industry competitorsarentable to replicate high results when they face tougher opponentsand have asimpleunderstanding of the Business Strategy Game. This enhances the marketing efforts for the brand. 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. 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. 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. These are the tools you need to win BSG. Again, trying out different combinations and optimizing net profits is key for these values. I recommend building additional 1,000 capacity for the North American plant in the first year, if your cash balance allows it. Emerging on top of this simulation can be quite a challenge. My undergraduate business strategy teacher made us play the BSG-Online simulation for 40% of our grade. If Im wrong, Ill post another comment. Helped me get to the second place! But if i decrease my model, I dont think I will be competitive enough to compete with him if he stays with his strategy, what do you think? Your competitors are most likely looking for this information too. Aim to dominate at least a quarter of the market share in every geographical area of your companys operations. Waiting to buy them later will lead to an increase in their prices. Avg. values have changed. 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. I always went with 500 every second year, but it depends on your market and competitors. The BSG Ultimate Solution isTHE ONLYGUARANTEEDone-way ticket to winning the BSG. You cannot afford to followsimple techniques and fail! On this page, you will set your values for your branded production. I mainly looked at what they were doing in the private label sector. The higher your celebrity endorsement value for a specific region, the more your advantage in attracting buyers to purchase your branded footwear. Like I said before, you should be building capacity, yes. Celebrities will enhance your marketing efforts and help you sell more shoes. Increase models? I include tons of free information to give you a leg up on your classmates on my blogroll. If not, see what positive percentage yields the highest profit for you. The Business Strategy Game or BSG is a simulation game used by, different colleges for their Business capstone. Here, you have the opportunity to sell your existing capacity. Business strategy games are a type of computer or board game that simulates the decision-making processes involved in running a business. 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. Be careful: Sometimes, especially for advertising, numbers that are way off (for example $100 and $8,000) can yield about the same net profit with only a little difference. Steal my conservative private label strategy that and immunize your company from bankruptcy. 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! I suggest you upgrade your browser. Okay! The same accounts for your Change in Annual Base Wages and Incentive Pay values. I now have another question about capacity. Let me walk you through the various decision pages and explain you how to optimize each entry. Choosing the correct financial approach, among other things, made a huge difference. Learn tips & tricks, from a BSG Grand Master! On BSGTips, we have an email service and forum to handle any support issues you may have. update them with tips and food for thought from the paid guide. 7 Winning Tips and Strategies for the Business Strategy Game (Bsg) 2022-10-12. Business strategy game Rating: 7,4/10 916 reviews. I daily (thank you, Hootsuite, for making it so easy!) Play the game multiple times and try to refine your strategies and entrepreneurial skills with each attempt. 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. Optimizing your values is the essence of the game, even though it might be very time-consuming. 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 am so thankful for your post!!!!!!!!!!!! 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. Pay loans faster. Also, I suggest not decreasing your dividends. . It has not only won recognition and awards from top gaming media such as IGN and PC Gamer, but also from world-leading media including CNN and Discovery Channel. Promise I wont have tons of question haha. Any questions you have or any problems you encounter,you can get my expert advice asa BSG Grand Champion. If your results in the first year are not too good, its not a big deal. While you already have a good estimate of how many shoes you are going to sell in each region, you still need to consider your rejected pairs during production. "In terms of scope and comprehensiveness, it has no equal in the world of business . 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. Let us take a look at the Plant Capacity / Upgrades page first. NEVER do this. As already mentioned, it is important that you ship all your shoes for the North American warehouses and the Latin American warehouses from the North American plant. You do not want that to happen, especially because your internet sales only account for a small percentage of your entire sales. Hello, thanks for the great strategy, it is working (1st place) ! No spam ever. The most important advice in advance: it is all about PROFIT. Its a lot of trial and error until you find the best possible value and it takes a lot of time at the beginning. They have all changed by +2%, just as you plugged it in. Dont believe us, just try below. To do so, first plug in your N.A. By clicking on the Purchase Capacity button, you can see whether someone else did the mistake and sold capacity. If you have any questions, feel free to come back and ask them. Okay. 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. 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. 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! It is definitely around 1.2 though and I recommend starting off with this value. 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? Your numbers might be a little bit off due to the reject rates. Private label will help you dominate your competition. 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?. You are now all set to dominate your industry and win the BSG! It makes sense; the more ads you run, the more your celebrity endorsement will be seen and the more effective it is. 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. I would like to ask about the Pay Dividends. My stupidness did not know that I should not pay dividends while Im in LOAN mode. You can only do one upgrade at a time in each region and a total of two updates per region. We will now look at all the decisions you have to make to actually play the game and be successful with your strategy. Whether a member is suggesting a different. You now have an estimate of how many shoes you are going to sell in each region. I worried that another team would have stumbled onto your blog, but few people Google tips it seems! 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. This is also linked to having production facilities in that market to support it. Hi. I will explain soon, how to increase plant capacity and why we need the capacity for private label. My team and I started the game with minimal knowledge and flailed for the first three decision rounds. Based on the kind of approach you will use, you might find it useful to keep some of the costs low. Use the remaining 30% capacity to sell shows in private-label! In the first years, the estimate of the industry average might be a little off the +2%. It is a show to the investors whether their investment is performing well. Personally, I would do a higher SQ to start things out while you are building capacity to match the low quality-high model approach. Thank you very much for your kind words! While they might boost your image rating, they will decrease your profit. Ive turned dead-last severely bankrupt companies into Industry Champions with just two years left in the game. Let me ask you this. Everything else like earnings per share (EPS), return on equity (REO), and image rating (IR) will automatically follow. Always keep that in mind when formulating your strategies and leave room for adjustment where necessary. Download Magic Year 11 Secrets Revealed NOW. 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. I let the rest remain the same in the entry. Again, try out each percentage for each region and set it to the percentage that yields the highest 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. Exactly. However, with a reasonable price. I shut them down fast and knocked them out of the running. my advice would be to read my guide and follow the steps. 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. 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 can still ship pairs from LA to somewhere else if needed. Buy Now with PayPal. Theguide will show you how to make your company lean and agile to cope with the industrys marketplace.