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We will now look at all the decisions you have to make to actually play the game and be successful with your strategy. The end result counts. The business level strategy used can be replicated by anyone and is so brain-dead simple that you are destined to win if you apply these techniques. You now have an estimate of how many shoes you are going to sell in each region. Stick in your e-mail address, and the tips guide will be in your inbox instantly. It almost worked TOO WELL. In Y12, I paid early payment 12,000k at 8.5% and continued borrowing 70,000k at 4.5% for 5-year). 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. Hi, Entering year 15 I am still doing 8 star but the demand forecast is super low. 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. My group and I are about to complete year 17 for the game. However, try your best. or A-P plant. Purchasing capacity is 20% cheaper than building new capacity on your own. With increased competition, prices tend to decrease. Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. 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. What will I get for my $48? Hi. 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. and why do I want it? 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. construction cost to be financed with debt. I put $1.00 pay dividends, which turned out 20,000k in total. Be objective in your approaches from the beginning of the simulation right to the end. Business Strategy Game Tips - Which Market Should I Produce Shoes In Hence, make sure to plug in every possible value to reach the highest net profit possible. "In terms of scope and comprehensiveness, it has no equal in the world of business . 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. I was a poor undergraduate college student, too, at one point, and I understand your unwillingness to pay for an additional book. Unused capacity kills your numbers and profits! PS: I do the 5-year-loan 12,000k in Y11 (7% interest); In year 12, I paid #1 Long-Term (early payment) 12k at 8.2% AND borrow 70,000k 5-year-loan at 4.5%. However, it will also decrease your ending cash. Thank you so much for your suggestion! Any questions you have or any problems you encounter,you can get my expert advice asa BSG Grand Champion. is it because I need to add capacity? Profit is the key to success in this game! Tips on How to Win the Business Strategy Game (BSG) 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. It took me years to learn this and it would take you years as well but,I know you dont have years. For only $35, get instant access to the Business Strategy Game Guide. The ULTIMATE Business Strategy Game BSG Guide - 2023 - YouTube You need your capacity and it is never a good idea to sell your existing capacity. From the desk of: a Business Strategy Game Grand Champion. In the first few years, this will be pretty difficult to determine. Does it hurt any other factors? 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. Written by an Undefeated Business Strategy Game Grand Champion. Let me walk you through the various decision pages and explain you how to optimize each entry. Let us take a look at the Plant Capacity / Upgrades page first. Yes, I am talking about the www.bsg-online.com for 2023. No spam. The celebrity endorsement will work well only if it is boosted by aggressive advertising. Play with your numbers around and tweak them to generate maximum net profit. For further explanation, please read my blog post. You need this capacity for the private-label market. Some students even let it ride without making ANY decisions for years! . So I run into problem again! 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. Again, try out each percentage for each region and set it to the percentage that yields the highest profits. 4. These simulation games can help you develop hard. This has been very useful. The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. Is there anyway to increase the demand for my shoes in the internet/wholesale markets? It sometimes works. My group and I are also playing the new version of the game and were little bit lost. We offer free, unlimited fast support to answer any questions. 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. Your interest rates depend on your credit rating and the duration of your loan. 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 Business Strategy Game - Competing in a Global Marketplace 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 . And you can basically never have enough capacity for private label. Increase S/Q ratings? 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. However, my net profit is still negative even after i have adjusted the private-label. I cannot make any money there. I usually have the highest net profit when setting Enhanced Styling / Features to $50k, TQM / Six Sigma Quality Program at around $0.70, and Best Practices Training at $5,000. I just have a quick question. No spam ever. If your results in the first year are not too good, its not a big deal. Emerging on top of this simulation can be quite a challenge. So I doubt on his strategy. It will give you some immediate tips you can implement to start off on the right foot or begin turning things around. Before you even start plugging in any numbers, it is important that you decide for a strategy to pursue for the game. The Capitalism series is widely regarded as the best business strategy game series ever created. Then, after a lot thought on the matter, I devised an easy method for taking full advantage of currency fluctuations. I still think its a waste to build a plant there, unless youre selling tons of shoes (high models, mid SQ). So your costs will be relatively low as well and the private label will be a very important factor of yours. Thank you so much! I worried that another team would have stumbled onto your blog, but few people Google tips it seems! This will save you money in the long run and at the same time boost your credit rating positively. 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 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. My friend and I walk through the simulation on how it works. If you found your highest value for the best net profit, move on to the next value and do the same. MyNewVideo Guide leaves nothing to the imagination. 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). This isthe lazy wayof winning the Business Strategy Game and requires very little knowledge and effort on your part. If Im wrong, Ill post another comment. 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. After a couple of decision rounds, you will get a feeling for it and it will become easier, no worries. Thank you so much for your reply! 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. In any Business Strategy Game, including BizMAP, you will not get it 'right' in the first attempt. I promise you my techniques and tips are fully replicable and have kept me theundefeatedall theseYears! 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. After you have found the right price, click the Save Decisions button. Grow the stock price of your company's shares by at least 5% between the years 10 and 15. Thats one of the things you should never do because you can always use capacity. Again, it is important that you keep in mind to optimize your profits. 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? Most of the decisions you can make here are a waste of money and will not benefit your company. Business Strategy Game Tips - . 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. It makes sense to do the upgrade before adding capacity. I was wondering how much more additional capacity that I should purchase after Ive bought the first 1000 for NA. After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. You need the capacity for the private label market. I mainly looked at what they were doing in the private label sector. First, click on the Adjust Competitive Intensity button that can be found on the top middle of the page. When contracting a celebrity, your advertising efforts in the Sales Forecast section should not be low. Like I explained in my blog post, do everything that is necessary to increase and maximize your net profits. update them with tips and food for thought from the paid guide. The knowledge to exasperate competitor weaknesses and curb competitor strengths lies in the strategic knowledge in the model. Hi, sales volume estimate. There should be a balance. World's #1 Business Strategy Game - Capitalism Lab It is not. Use of my strategy creates a landslide effect that, as you can see, is very devastating to all opponents. However, the private-label market is set up the way that only a limited demand is given each year. 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? Free shipping will most likely not increase your profits. Finished top 3 the first time and we are currently in 2nd place through 5 weeks for our current simulation. Select from a pool of diverse individuals who will bring in different opinions and perspectives to the team. Again, trying out different combinations and optimizing net profits is key for these values. It covers in detail all of the strategies, concepts, software features and tricks necessary to win the McGraw-Hill Business Strategy Game. In the last section of the Plant Capacity / Upgrades decision page, you can construct a new plant in either of the two regions where you do not have a plant yet or you can build additional capacity to your N.A. The only thing you wont get is Magic Year 11 Secrets Revealed.Dont Wait! Does it affect any other factors? Try out different combinations that keep you at 8* and the highest possible net profit. Hi, thanks for the great strategy! So having understood what the image rating of a company is based upon, how can you improve it? The styling/quality (S/Q) ratio of the business venture in the different geographic locations they operate in. The fact that you are looking for help mean. I shut them down fast and knocked them out of the running. You do not want that to happen, especially because your internet sales only account for a small percentage of your entire sales. Nine Game-Changing Business Tips That Helped These - Forbes Set your price to whatever maximizes your profits. I dont know why the game suddenly changed your numbers but I recommend using every last bit of your capacity. You can only do one upgrade at a time in each region and a total of two updates per region. For this blog post, I will concentrate on the high-quality + low model strategy. With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. Players must make decisions to build brand loyalty by improving . 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. update them with tips and food for thought from the paid guide. Do you have any suggestions? PS: I left a comment, but I did not see it and thus retyped. I was thinking about building a LA plant because I took the majority of private label there last year. 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. 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). Always keep that in mind when formulating your strategies and leave room for adjustment where necessary. 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). 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. Business Strategy Game Cheats I Best BSG Game Cheats 2022 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. 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. 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. For only $35, get instant access to the Business Strategy Game Guide. 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. 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. Weve heard countless horror stories of students not taking the BSG seriously and failing the course as a result. With our strategy in mind, I would recommend addition capacity to already existing plants rather than constructing a plant in a new region. Personally, I would do a higher SQ to start things out while you are building capacity to match the low quality-high model approach. You can either take out a 1-year, 5-year, or 10-year bank loan. Now you begin to understand why I earlier said, that if you use overtime for branded production, you should expand your plant capacity for the next year. Dont blindly waste recourses on a celebrity tag; be strategic to make sure you will get the return on investment. Because with more capacity, you can offer more pairs in private label and dominate the market there. Hi! 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. My question is what if I decreased the pay dividends to $0.15 from $1.00? What I like about my strategy is that you do not necessarily have to keep an eye on your competitors. I only ever paid attention to my profits and I never ever sold capacity. Emerging on top of this simulation can be quite a challenge. 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? Focus on Net Profit, ROE (very important), Credit Rating, Image Rating is quite easy to control and also Stock Prices. It's customized for you to run the company in direct competition with other class members. According to the change, you can estimate the next years average industry internet price and plug it in. Business Strategy Game Tips | BSG Game Tips | BSG Business Strategy My guide follows the rule highest net profit is key to success. Can you tell us more about the strategy you had ? We give you. 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! If you find capacity available for purchase, I would always directly purchase it. Hence, you will only focus on the two following decisions that are worth their money as they increase your image rating the most. In the case where other competitors are employing this strategy; strive to be the first team to get the most points. However, when pricing your shoes, keep in mind to set the price at least $5 below the wholesale price average. Hi there! 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. Is your strategy also works for my situation? In the upper right box, you can spend your excessive cash. The demand depends on your retails, price and quality. Thank you so much for the good recommendations. I am a Business Strategy Game Grand Champion. In the first years, the estimate of the industry average might be a little off the +2%.