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. If you demand for branded production is met, put everything else into private label to make sure you dont have unused capacity. 39K views 1 year ago #businessstrategygame Here is my ultimate guide to help you ace the Business Strategy Game. Set your price to whatever maximizes your profits. Global Top Performers Do not worry about the Plant Capacity / Upgrades page. Created Oct 30, 2013 Restricted 753 Members 5 Online Moderators Moderator list hidden. 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. Thank you in advance! If you have more cash available, go ahead and spend it for either one of the other options. Yes, I would only add capacity onto existing plants and not build new plants. Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. In this section, you can upgrade your plants. But the plant page did say not recommend to build the plant so I was hesitating. Steal my conservative private label strategy that and immunize your company from bankruptcy. Based on the kind of approach you will use, you might find it useful to keep some of the costs low. 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. In addition, the company resembles an athletic footwear company with plant operations instead of outsourcing . I have extra capacity in the LA plant (worst place to ship from to any place outside of LA) which I tried to sell off. I prioritize building additional capacity and purchasing plant upgrades. And should I do stock repurchase this year? Waiting to buy them later will lead to an increase in their prices. If it is 0%, that is fine as well, do not worry about it. Everyone has the same advantage as the team next to them. So for our strategy, it should be 7 stars at the beginning. Important: Your Sales volume, not the production volume that includes the rejected pairs! The fact that you are looking for help mean. Regardless of your scenario,having BSG Tips in your corner is like having an 800 lb. Unused capacity kills your numbers and profits! There are tons of possibilities in the Business Strategy Game, and the wrong strategy in the wrong circumstance willCOST you the game. 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. im at year 17 and perfect score twice, 1st in last 3 years and 2nd twice. My friend and I walk through the simulation on how it works. My team and I are going to the second round of decisions, so I think were still on time to switch towards another area in the market. Increase models? 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. If I have further questions do you mind I ask you for help? Obviously, the other teams and their decisions will play the biggest role in how you play the game, but this is a good starting point for how the game works and . Again, it is important that you keep in mind to optimize your profits. However, it is not necessary and Option C is definitely more effective. However, keep in mind that your regional endorsement value should not be higher than 400 in any region. Do you have any suggestions? Here, you will plug in your previously calculated regional total sales volume for each region. That its always wise to start out on the right foot rather than try to pull yourself out of a financial nosedive. (In Y11, I did the 5-year loan with 12,000k (7% interest). If you have any questions, suggestions, or comments feel free to comment and I will do my best to help you out. When you sign up for BSG Tips, youre not alone. In the first few years, this will be pretty difficult to determine. So what are some of the qualifications you should be on the lookout for when picking your team? Skip the fancy words so many other guides drone on about BSG, andget down to real execution of business strategy. 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). I am having trouble getting my company back into the positive ending cash after taking out a loan. However, do not forget to calculate your possible additional expenses for your celebrities. 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. Yes, I would definitely do plant upgrade option C! If you find capacity available for purchase, I would always directly purchase it. The first is the paid guide. Hey!! "In terms of scope and comprehensiveness, it has no equal in the world of business . As I played the game, I discovered that I could use some fairly simple math to massively increase my game score. I know every strategy, secret, and tip you can possibly imagine about the Business Strategy Game, and Im willing to share them with you. Almost done, the last decision page. I never really watched my EPS or credit rating (ofc credit rating should be a B at least). 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. The information is these . You will need those numbers later on. If you tweak those numbers, your demand will adjust accordingly. Thank you so much for your reply! For only $35, get instant access to the Business Strategy Game Guide. Is your strategy also works for my situation? 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.) While those two values do not change your S/Q rating, they will change your net profits. After you have done this, play around with the values for Wholesale Price, Advertising Budget, Rebate Offer, and Retailer Support (increase/decrease by 100s only, as everything else makes no sense). Try out each and every value and note down the highest net profit values. honestly i started with 150 models at 6 stars and went to 200 and 7 stars, 8 in private label. Virtonomics. 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). 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. 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. Otherwise you will not sell any shoe either. 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. 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. Be objective in your approaches from the beginning of the simulation right to the end. You need your capacity and it is never a good idea to sell your existing capacity. Now, I am worried about the future rounds. Which is better, cost leadership, integration, or differentiation? 4. That summer, I played in the Business Strategy Game Best Strategy Invitational (BSI) and won that as well. 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. Thank you so much for your suggestion! I was a poor undergraduate college student, too, at one point, and I understand your unwillingness to pay for an additional book. You always want to make sure that you produce your sales volume for N.A. Players must make decisions to build brand loyalty by improving . Sometimes thats cutting expenses, sometimes thats increasing expenses (even though it might not make sense at first). You now need the forecasted Regional Sales Volume for both the Internet Segments and Wholesale Segments in all four regions that you wrote down earlier. I wish you the best of luck for your game. All the while you get lost on what was really importantto do actuallywin. This is where consumers get the best quality of footwear at the lowest possible price, therefore ensuring value for their money. Wow, you are done! While +2% might now always be spot on, I have made the best experience with it so far. 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. And you said I should only add capacity onto existing ones instead of building a new one in LA right? You can only do one upgrade at a time in each region and a total of two updates per region. Let us take a look at the Plant Capacity / Upgrades page first. It is usually best to repurchase stock at the beginning, when your stock prices are relatively low. This is because your competitors are adjusting and trying to find their strategy. I personally find it easier to pursue and had more success with it in the past. With our strategy, you might want to think about getting Option A as well. (Im adjusting for Y13 now). In the instance where a plant is available for purchase, buying one would be the ideal option because you will be able to save time and up to 20% of the money that would have otherwise been used to build one. Dave Mar Hello, I highly recommend starting below with my free tips guide. I started with 250 models and S/Q rating of 5. I usually go ahead and plug in whole dollar amounts for the wholesale price and see how net profit changes. If you found your highest value for the best net profit, move on to the next value and do the same. So when following the steps described above, you will have positive ending cash really soon again. I now have another question about capacity. Thank you so much for the good recommendations. My group and I are also playing the new version of the game and were little bit lost. I am on my second year and I have negative income right now, any tips on how to get in the positive? By clicking on the Purchase Capacity button, you can see whether someone else did the mistake and sold capacity. I am a Business Strategy Game Grand Champion. You will also receive a copy of Currency Made Simple. BSGTips.com is a proven guide (written by a Business Strategy Game Grand Champion) on how to win, not just how to play. Order now. It is definitely around 1.2 though and I recommend starting off with this value. How important is image? Also do you know the cost of building additional capacity. 7 Winning Tips and Strategies for the Business Strategy Game (Bsg) 2022-10-12. Business strategy game Rating: 7,4/10 916 reviews. 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%. 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. In the upper right box, you can spend your excessive cash. Thanks! To boost earnings per share (E.P.S) you can use the cash at hand to retire and repurchase any outstanding shares. What is this Currency Made Easy! Do not worry about me skipping the Internet Marketing, Wholesale Marketing, and Celebrity Endorsements pages. That being said, when you go with the strategy explained in my post, you will have maximized profits. Buy Now with PayPal. With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. Is there a strategy that will always win? On this page, you will optimize your entries and toggle each value until your reach the maximum profit possible for each entry. Hi there! 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. Do not worry about those numbers, they will just show you whether your investment is profitable or not. First, click on the Adjust Competitive Intensity button that can be found on the top middle of the page. Especially with our high quality and low models strategy, this will be very beneficial and will safe you some money. Some professors place higher emphasis on the Business Strategy Game than others but the Business Strategy Game is always a hefty part of your grade. When doing so, you have to plug in numbers for the assumptions section in the new window. 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. Like I explained in my blog post, do everything that is necessary to increase and maximize your net profits. Any questions you have or any problems you encounter,you can get my expert advice asa BSG Grand Champion. It is important to toggle your values and find the best combination to maximize your net profit. This can be a very tricky decision and you need to analyze your competitors prices. 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. These games often involve managing resources, making . This will enable you to tap into the different unique abilities of each of the members thus strengthening your team. You will also receive a copy of Currency Made Simple. I have placed this manual and an easy-to-use currency spreadsheet on this site for you. Can you tell us more about the strategy you had ? You will also receive a copy of Currency Made Simple. 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. Learn tips & tricks, from a BSG Grand Master! The market share, which can be increased by: increased advertising, extensive market research, checking out the competition, and most importantly understanding the needs of your customers. After you have done this, you might notice that your Your Estimate of the Ind. Dont be fooled by Cheap imitation Business Strategy Game guides you might see online. You will soon know why. For long term celebrity contracts and endorsement, bid for them in the early stages of the simulation. 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! I recommend increasing capacity and keep focusing on your profits. If you really need money, I would rather advise you to issue some of your stock. Any thoughts? Any advice? How would you like to acquire every secret I have about the Business Strategy Game? From experience Id say tho that it is already too late to adjust to my strategy presented. Set Models Offered to 50 and Free Shipping to No. However, try your best. 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. so idk what i may have done LOL, Hello, may I ask my is not that great at the moment and we are onto year 13 which is like 2nd year maybe of the game and i try my best to like follow your tips though not as fully cause I still dont understand much especially the calculation one a bit confusing cause I am bad at that, so far I have 7 s/q rating though I am unsure should I do lower models or not cause I am afraid it might not be enough for profit and all because most I see at average of rating and high models , I was wondering what can I do to make it better? 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. Helped me get to the second place! Year 11 might be over for you. Pay attention to the plant upgrade options as well. Contact the Grand Championand Learn more about the BSG. I personally would not bid higher than $5,000 $6,000. After you have calculated your new regional wholesale sales volume, add the regional internet sales volume to it. 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. So your costs will be relatively low as well and the private label will be a very important factor of yours. It almost worked TOO WELL. This means, you decide about the S/Q Rating of your branded pairs produced and your compensation and training for your employees. Your estimate of the industry average for the internet retail price does not change with your adjusted competitive that you set to +2% before. Should I decrease the pay dividends and do stock repurchase in Y13? It's customized for you to run the company in direct competition with other class members. Period. Fin. Just plug in numbers and note down your net profit values. You might have the highest profits with 0 advertising budget. Should I continue expanding NA or AP and by how much? The private-label sector is something you do not want to miss out on, especially with our high quality, low models strategy. If you are completely new and your projected performance box is not showing yet, you have to click the Save Decisions button on the upper right-hand corner for the projected performance box to appear. Advantage of this is, that you dont have to pay too much attention to your competitors. I am the longest known active Business Strategy Game player with a career stretching back to 2006 and throughmultiple versions of BSG. The information is these guides is laid out, and displayed, in such a way that crucial decisions should be a breeze. Hi! 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! Furthermore, I spent all my cash on hand for dividends and stock repurchase to increase my ROE and EPS as much as possible. After you are done, move on the left side and do the same for your internet sales. 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. You might think that using green footwear materials or using recycled boxing / packaging is a good decision, especially with the currently ongoing environmental debates. The guide also features step by step instructions in how to manage decision screens in making the best decision. You will get the hang of it after the first few decision rounds as it is always the same procedure.