Emerging on top of this simulation can be quite a challenge. And I would not build another plant, rather increase capacity in the plants that you already built. If you have beginning inventory from last year (you did not sell all your shoes), try and use the Inventory Clearance option in the lower half of the page. Sometimes, clearing your beginning inventory at a discount will boost your profits. and L.A. in North America to reduce costs because ofNAFTA. On this screen, you can handle your financial decisions for your company. 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! Im giving away adeadly secretinsideMagic Year 11 Secrets Revealedthat will make a person number 1 almost no matter what. Its not too late to do that yet. 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. ? 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). 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. That its always wise to start out on the right foot rather than try to pull yourself out of a financial nosedive. For this blog post, I will concentrate on the high-quality + low model strategy. Thank you in advance! This is why building additional capacity is so important. 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. Those that are already playing the BSG Online and perhaps want an edge over the competition. (0 for both stock issues and stock repurchase). You dont have to care about your retail outlets anymore so adjust the price so maximize your net profit, without the 40% rule. What will I get for my $48? Economic Impact of Hurricane Harvey and Hurricane Irma, Temporary Oil Price Changes Hold Back Consumer Spending. Do this for all four regions. They have all changed by +2%, just as you plugged it in. When there is a change in any aspect of operations it should be implemented upon approval of all the members. 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. 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. 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. Fin. Business Strategy Game Espanol (Spanish BSG Help ), Ayuda En Espanol Para La Simulacion Glo-Bus (Spanish Glo-Bus Help), Business Strategy Game En Franais/French, En Franais Business Strategy Game Assistance (French BSG Help), Business Strategy Game In Het Nederlands/Dutch, In Het Nederlands Business Strategy Game Help (Dutch BSG Help), Business Strategy Game Auf Deutsch/German, Business Strategy Game Auf Deutch Assistenz (German BSG Help). When starting the BSG, you have two long-term loans; one for 5 years, the other one for 10 years. Hi. Then, after a lot thought on the matter, I devised an easy method for taking full advantage of currency fluctuations. What should I do for year 12 and 13? After you have found the right price, click the Save Decisions button. 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. Well some Industry Champions have such an easy time winning because the people theyre going up against simply didnt care about the BSG. This means, without increasing your superior material or enhanced styling / features, you gain 1 star. 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. You might agree to disagree in the process but each member should always be given a clear avenue to express their thoughts that are based on their research. Make all the decisions tactfully and base them all on research and not emotion. Ship all the other shoes for the Europe-African warehouses and the Asia-Pacific warehouses from the Asian-Pacific plant. And he also purchase 4000 capacity in the first year but no advertising expenses. Because with more capacity, you can offer more pairs in private label and dominate the market there. Paying dividends will increase your stock price and your ROE. You almost can never have enough capacity because what you dont sell in branded, you can sell in private label and dumb prices there and take away your competitors market share. The same accounts for your Change in Annual Base Wages and Incentive Pay values. Could you win the Business Strategy Game against a bunch of 5th graders? WINBSG.COM: Win the BSG Business Strategy Game - Discussing effective I mainly looked at what they were doing in the private label sector. 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! From experience Id say tho that it is already too late to adjust to my strategy presented. You are now all set to dominate your industry and win the BSG! Advantage of this is, that you dont have to pay too much attention to your competitors. 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. I shut them down fast and knocked them out of the running. The private-label sector is something you do not want to miss out on, especially with our high quality, low models strategy. Okay. We will now look at all the decisions you have to make to actually play the game and be successful with your strategy. havr the highest stock price, image rating at 90, A+ still, and double digit EPS. I like to have around $8-10 million ending cash available after all my decisions are made. Weve heard countless horror stories of students not taking the BSG seriously and failing the course as a result. Even more important is, to stick to it! On initial input of the change there was a big boost to my numbers, but when I left the page the game suddenly dropped my numbers below my original ones. I now have another question about capacity. 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? Here, you will plug in your previously calculated regional total sales volume for each region. You cannot afford to followsimple techniques and fail! Profit is the key to success in this game! This means, you decide about the S/Q Rating of your branded pairs produced and your compensation and training for your employees. Do not focus too much on Ending Cash, but keep focusing on Net Profit, try to increase that over each years. (meaning I decreases it from $1.00 to $0.15). 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. Is there a system to beating the game? Sounds good, congrats! So I doubt on his strategy. Most of the decisions you can make here are a waste of money and will not benefit your company. Also, I suggest not decreasing your dividends. I would like to ask you about the Dividends. 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. Again, it is important that you keep in mind to optimize your profits. Do not worry about your market share percentage or any other value than your net profit. I cannot make any money there. Yes, its not too late yet to follow through with my tips. Do not worry about the Plant Capacity / Upgrades page. 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! Is there anyway to increase the demand for my shoes in the internet/wholesale markets? 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. Thank you so much for your suggestion! 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). Do this for all four regions. This would leave you with a bunch of shoes unsold. PS: I left a comment, but I did not see it and thus retyped. I did not forget it, but we will take a look at it later. Im not talking about theory and how to play; Im talking about a proven system that helped me become Business Strategy Game Grand Champion. 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. . Hence, keep track of the industrys internet price and how it changes. 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. thank you for your help. Global Top Performers 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. Do not worry about me skipping the Internet Marketing, Wholesale Marketing, and Celebrity Endorsements pages. If your results in the first year are not too good, its not a big deal. 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. Then, just like you did before, plug in different values for your internet price and see, which price yields the highest net profit. I am in Y12, and I am adjusting for Y13. This is actually typical of almost every single Business Strategy Game Industry, as it takes only 1 greedy person to get the ball rolling. Every single member should be given the venue to express their thoughts clearly. The celebrity endorsement will work well only if it is boosted by aggressive advertising. I wish you the best of luck for your game. Try and set it to Yes. 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. I started with paying $0.05 dividends and increased it by $0.05 every year. . Ive created this website as a final project for an online marketing class (and to help me pick up an extra bar tab a month.) I believe it varies based on your games situation. No worries, it will be easier after the first few years. Entering year 15 I am still doing 8 star but the demand forecast is super low. Thank you so much! Nine Game-Changing Business Tips That Helped These - Forbes 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. Use the remaining 30% capacity to sell shows in private-label! We offer free, unlimited fast support to answer any questions. By clicking on the Purchase Capacity button, you can see whether someone else did the mistake and sold capacity. Again, this can be trial and error for a couple of decisions but you should get a feeling for what multiplier is best for your company. Focus on Net Profit, ROE (very important), Credit Rating, Image Rating is quite easy to control and also Stock Prices. In Y12, I paid early payment 12,000k at 8.5% and continued borrowing 70,000k at 4.5% for 5-year). So for our strategy, it should be 7 stars at the beginning. Strategy and Execution is your shield and sword for Conquering the Industry. Dont believe us, just try below. and why do I want it? 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. I still think its a waste to build a plant there, unless youre selling tons of shoes (high models, mid SQ). Here, you have the opportunity to sell your existing capacity. It makes sense; the more ads you run, the more your celebrity endorsement will be seen and the more effective it is. Who Else Wants to Win Business Strategy Game? | BSGTips Best Business Simulation Games of 2022 - Business News Daily This is because your competitors are adjusting and trying to find their strategy. I dont know why the game suddenly changed your numbers but I recommend using every last bit of your capacity. Business Strategy Game Tips | BSG Game Tips | BSG Business Strategy 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. And then I would just follow my tips and adjust all other values to maximize profits. So I would recommend you to decrease your models to 50 and remain at 8* for most of the time, if not even for all the remaining game. Hi. You basically do the same thing over and over again, for every decision round. Period. Other teams in your industry wont stand a chance when you unleash the tactics we teach. 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. gorilla on your side. Learn tips & tricks, from a BSG Grand Master! 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! Created Oct 30, 2013 Restricted 753 Members 5 Online Moderators Moderator list hidden. BeatBSG: Beat The Business Strategy Game Or you have read it but still do not know what strategy to pursue or what is going on? unfortunately I have no experience with adjusting to my strategy in the late-game. The profits of controlling the industry will help you win the business strategy game. No spam ever. 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. Learn More Written by an Undefeated Business Strategy Game Grand Champion. This decision page is mainly a waste of money and we will not spend a lot of time with this page. If you have your AP price set to e.g. I see this every semester, and you dont want it to be you. This isthe lazy wayof winning the Business Strategy Game and requires very little knowledge and effort on your part. 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. I feel you. How and when to buy celebrity endorsements at the BSG-Online. Business Strategy Game (BSG) Helpful Tips!!! - YouTube How can I increase my game score? Here, you will decide for how much your shoe is going to sell. 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). I will walk you through each page chronologically. The C.I.R on the other hand will give you a deeper look into market share, S/Q ratings as well as price. Do you know why is that? 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. I include tons of free information to give you a leg up on your classmates on my blogroll. What should I do in this case? You will also receive a copy of Currency Made Simple. Some business simulation games actually put you in the position of a business owner, but others have varying storylines or themes that let players hone these skills in . My group and I are also playing the new version of the game and were little bit lost. If you have any questions, suggestions, or comments feel free to comment and I will do my best to help you out. 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. You will also receive a copy of Currency Made Simple. Now, decide to which region you want to ship your private-label shoes. How Much Capacity Should My Company Have? Everything else like earnings per share (EPS), return on equity (REO), and image rating (IR) will automatically follow. Should I continue expanding NA or AP and by how much? 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. I am so thankful for your post!!!!!!!!!!!! If this is still not enough, add the missing shoes to the other plants Branded Pairs to be Manufactured in Year XX number. Ive turned dead-last severely bankrupt companies into Industry Champions with just two years left in the game. But strategy wise I always sticked to my maximum net profit strategy which you can do no matter your competitors strategy. And you said I should only add capacity onto existing ones instead of building a new one in LA right? Were at the middle of the pack and wanted the best strategy to move up the ranks. It will be, trust me. There should be a balance. 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. You will also receive a copy of Currency Made Simple. In addition, the company resembles an athletic footwear company with plant operations instead of outsourcing . Furthermore, I spent all my cash on hand for dividends and stock repurchase to increase my ROE and EPS as much as possible. This is also linked to having production facilities in that market to support it. Your competitors are most likely looking for this information too. You said that the internet price should be 40% above wholesale. It can be very beneficial for you. update them with tips and food for thought from the paid guide. However, you can successfully apply most of the following tips to either strategy. 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 never really watched my EPS or credit rating (ofc credit rating should be a B at least). Do this for all the four regions. Aim to dominate at least a quarter of the market share in every geographical area of your companys operations. Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. I recommend building additional 1,000 capacity for the North American plant in the first year, if your cash balance allows it. 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. I was wondering how much more additional capacity that I should purchase after Ive bought the first 1000 for NA. 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, do not price your shoes too high, so that your competitors have a lower price than you and will sell their shoes first. Any thoughts? 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%. For further explanation, please read my blog post. No worries, this is logical and you did nothing wrong. You will soon know why. I am in a box where every move I make to lower cost or shift production lowers my EPS or credit rating. 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. The styling/quality (S/Q) ratio of the business venture in the different geographic locations they operate in. On BSGTips, we have an email service and forum to handle any support issues you may have. $50.66 but $50.67 gives you higher profits, go for the higher prices. 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. After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. Embedded in the magic numbers is a reinforced long-term money-saving strategy that will save you money every year forever! You can also pay dividends to your shareholders. Pay attention to the plant upgrade options as well. Here is a chart again tho show you the process: If your regular production capacity is not sufficient, use overtime. Thats one of the things you should never do because you can always use capacity. For only $35, get instant access to the Business Strategy Game Guide. A window should pop up where you can select each of the four regions and change the industry average S/Q rating and competitive impact. It sometimes works. Like I explained in my blog post, do everything that is necessary to increase and maximize your net profits. In any Business Strategy Game, including BizMAP, you will not get it 'right' in the first attempt. Authorize your construction and you save your decisions. By employing the best cost strategy. If you happen to end up with a large surplus of shoes the next year, lower your 1.2 multiplier a little bit to 1.18. One week they might increase, the other they might increase by just a little or even decrease. Definitely helps! Select from a pool of diverse individuals who will bring in different opinions and perspectives to the team. Especially with our high quality and low models strategy, this will be very beneficial and will safe you some money. 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. Promise I wont have tons of question haha. Yes, I would only add capacity onto existing plants and not build new plants. Write down each regions reject rates and add them up to the regions estimates sales volume. If you're like most students though, you just want to win the Business Strategy Game, be crowned Industry Champion, get the grade, and move . With our strategy, you might want to think about getting Option A as well. In addition, your Retail Outlets values should always be the highest number possible that you are allowed to enter. Like I said before, you should be building capacity, yes. So I run into problem again! Theres everything explained in detail. Download Magic Year 11 Secrets Revealed NOW. Strategies, decision screens, reports and tests. 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? It almost worked TOO WELL. 4. Grow the stock price of your company's shares by at least 5% between the years 10 and 15.