In this article, you will explore some of the strategies and tips that should be employed to boost your winning chances. You cannot afford to followsimple techniques and fail! 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. Learn tips & tricks, from a BSG Grand Master! Here, you have the opportunity to sell your existing capacity. 7 Winning Tips and Strategies for the Business Strategy Game (Bsg) 2022-10-12. Business strategy game Rating: 7,4/10 916 reviews. Im playing the new version of the game, and your guide has worked perfectly for the first two years! However, I would recommend not taking out any loan if possible. Personally, I would do a higher SQ to start things out while you are building capacity to match the low quality-high model approach. I will talk about the Celebrity Endorsements page later. It didnt matter how competitive they were, how motivated they were, or whether they were Industry Champions. I was thinking about building a LA plant because I took the majority of private label there last year. Should I decrease the pay dividends and do stock repurchase in Y13? The Business Strategy Game is a real world - real life management simulator where students BSG login to learn about essential business concepts like cost focused strategy, broad differentiation strategy, generic strategy, focused differentitation strategy, and low cost strategy. The celebrity endorsement will work well only if it is boosted by aggressive advertising. I daily (thank you, Hootsuite, for making it so easy!) It sometimes works. To be a Business Strategy Game Grand Champion, you have to firmly understand every nitty-gritty little detail within the Business Strategy Game Manual. of what decision year youre in, how bankrupt you are, or if your company is dead last right now . And he also purchase 4000 capacity in the first year but no advertising expenses. However, you should keep on thing in mind: Your internet price should ideally be 40% higher than your wholesale price. Paying dividends will increase your stock price and your ROE. 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. 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. The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. Market share is not crucial for your success in the BSG, but profit is. From this highest whole dollar amount, I plug in every possible value around it and find the price that yields the highest net profit. With increased competition, prices tend to decrease. I followed your recommendations, and I have a good rank. I highly recommend starting below with my free tips guide. Should I continue expanding NA or AP and by how much? Exactly. For only $35, get instant access to the Business Strategy Game Guide. Here, you will plug in your previously calculated regional total sales volume for each region. After you have done this for both the N.A. Be in it for the long haul 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. So where to look at this thing, as soon as you start the BSG Online Game. The BSG Ultimate Solution isTHE ONLYGUARANTEEDone-way ticket to winning the BSG. Our final score was 99 and the closest team to us scored a 74!Out of a total of 11 teams, 7 of them scored below 40! On this screen, you can handle your financial decisions for your company. While they might boost your image rating, they will decrease your profit. 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. 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. Here are factors to be considered before picking a celebrity. I have placed this manual and an easy-to-use currency spreadsheet on this site for you. It is a show to the investors whether their investment is performing well. For further explanation, please read my blog post. 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. BSGTips.com is a proven guide (written by a Business Strategy Game Grand Champion) on how to win, not just how to play. The private-label sector is something you do not want to miss out on, especially with our high quality, low models strategy. They WILL work for you too and can adapt to EVERY situation. Two of the most important things to do here are analyzing your competition and optimizing your values. Let me ask you this. Let me know if you have any more questions. In my opinion, I believe the other teams are thinking on exploit the private label. I am on my second year and I have negative income right now, any tips on how to get in the positive? 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? While being in every market is a goal of a successful multinational company. However, to be able to do so, you need available capacity. How Much Capacity Should My Company Have? After you have calculated the manufacturing volume for each region, add up your N.A. $50.66 but $50.67 gives you higher profits, go for the higher prices. Do this for all four regions. Do you know why is that? Do this for all the four regions. Strategy 1 - Align simulation with learning objectives. Im play a new version of BSG ,we have already completed year 17 and now our team have a problem with struck in the middle stage that cost cant decrease more and this year other company in the industry have a high SQ star and low cost (price war) that we cant fight them because our cost is too high. The same accounts for your Change in Annual Base Wages and Incentive Pay values. Especially with our high quality and low models strategy, this will be very beneficial and will safe you some money. Try out each and every value and note down the highest net profit values. Make year 11 EASY on yourself and learn how the game is played. Thanks for your strategy! My team and I started the game with minimal knowledge and flailed for the first three decision rounds. In Y12, I paid early payment 12,000k at 8.5% and continued borrowing 70,000k at 4.5% for 5-year). Members of the team should have skills and strengths that serve to complement each other for a perfect working synergy. With our strategy in mind, I would recommend addition capacity to already existing plants rather than constructing a plant in a new region. 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). Thanks! Those that are already playing the BSG Online and perhaps want an edge over the competition. It can be very beneficial for you. The two most important values you want to have as precisely estimated as possible are the industrys average wholesale price and S/Q rating. Max OUTyour production with the high quality shoes at the lowest possible cost. These are the tools you need to win BSG. Hence, make sure to plug in every possible value to reach the highest net profit possible. Contact the Grand Championand Learn more about the BSG. I shut them down fast and knocked them out of the running. For only $35, get instant access to the Business Strategy Game Guide. Here, you will decide for how much your shoe is going to sell. How and when to buy celebrity endorsements at the BSG-Online. If not, see what positive percentage yields the highest profit for you. Any advice? . The only thing you wont get is Magic Year 11 Secrets Revealed.Dont Wait! I am in a box where every move I make to lower cost or shift production lowers my EPS or credit rating. On this decision page, you can bid on celebrities. The demand depends on your retails, price and quality. 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. Theres everything explained in detail. This has been very useful. With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. 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. Because with more capacity, you can offer more pairs in private label and dominate the market there. After you are done, move on the left side and do the same for your internet sales. And then I would just follow my tips and adjust all other values to maximize profits. 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. Everyone has the same advantage as the team next to them. One way you can maximize the R.O.E is to purchase stock at the earliest possible time. SAVE TIME & PASS YOUR CLASS Amplify Your BSG Online Score: https://www.bsg-game.com/select-time Derek's "Pass Your Class Guarantee" . 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. I only ever paid attention to my profits and I never ever sold capacity. Im an excel and math geek and started to break the game down and understand it on a deep level. It is not. 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. Celebrities will enhance your marketing efforts and help you sell more shoes. With my help, tips, techniques, and strategies, your competition doesnt stand a chance! congrats on your success! If you add capacity it will show you the price. Like I said before, you should be building capacity, yes. Business strategy games are a type of computer or board game that simulates the decision-making processes involved in running a business. While your regional sales volume for the internet segment is a good estimate, the estimates for the wholesale segments are not. If numbers do not add up correctly and your total pairs shipped do not match your total pairs available, go back to the Branded Distribution page and adjust your numbers accordingly. I have experienced different behavior with bidding on celebrities. 1. Yes, I am talking about the www.bsg-online.com for 2023. 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. Im not talking about theory and how to play; Im talking about a proven system that helped me become Business Strategy Game Grand Champion. You can do this by paying off your loans at the earliest possible time. In the first years, the estimate of the industry average might be a little off the +2%. Your numbers might be a little bit off due to the reject rates. The information is these guides is laid out, and displayed, in such a way that crucial decisions should be a breeze. What should I do for year 12 and 13? You might have the highest profits with 0 advertising budget. Okay! Using a game strategy to push a business forward is a different approach, but it has been proven successful for many. Whether a member is suggesting a different. Hence, try to keep your internet price at least 40% higher than your wholesale price. Strategies, decision screens, reports and tests. This game can be overwhelming, so anything to help other players! I like to have around $8-10 million ending cash available after all my decisions are made. 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. 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. There are tons of possibilities in the Business Strategy Game, and the wrong strategy in the wrong circumstance willCOST you the game. You basically determine and run the market. It has two components. To improve the financial standing of the company it is a wise idea to employ the balanced scorecard to determine the strategies that will boost the companys competitiveness. Weve heard countless horror stories of students not taking the BSG seriously and failing the course as a result. Okay! If this scares you, it should. Weve solved EVERYTHING for you. Do the same for your E-A and A-P volumes and plug them into the A-P manufacturing slot. Dont be fooled by cheap imitations by common Industry Champions thatgloss over the obvious. My guide follows the rule highest net profit is key to success. Also do you know the cost of building additional capacity. Private label will help you dominate your competition. Set your price to whatever maximizes your profits. 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! 4. 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. Then, just like you did before, plug in different values for your internet price and see, which price yields the highest net profit. Business strategy game. Other teams in your industry wont stand a chance when you unleash the tactics we teach. Select from a pool of diverse individuals who will bring in different opinions and perspectives to the team. However, you can successfully apply most of the following tips to either strategy. Free shipping will most likely not increase your profits. Is there anyway to increase the demand for my shoes in the internet/wholesale markets? 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). Always Have A Backup Plan. . Please delete one if there is an extra comment. Hello, thanks for the great strategy, it is working (1st place) ! Write down each regions reject rates and add them up to the regions estimates sales volume. 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. It will be, trust me. This is your new, more precise regional wholesale sales volume. 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? I guarantee or your money back (with a 100% success rate so far) you'll win the game with the purchase of the guide. Understanding all these reports will help you stay ahead of your competition as well as come up with the strategies that will enable you to perform better in the simulation. 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. Everything else like earnings per share (EPS), return on equity (REO), and image rating (IR) will automatically follow. To do so, first plug in your N.A. Some students even let it ride without making ANY decisions for years! 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. Tips for Lowering Cost and Other Recommendations For Winning the Business Simulation Game Toggle the advertising spending to see the lowest cost at which the company can achieve the desired market share. It is important to toggle your values and find the best combination to maximize your net profit. All you have to do now, is writing down your forecasted Regional Sales Volume for both the Internet Segments and Wholesale Segments in all four regions. So having understood what the image rating of a company is based upon, how can you improve it? 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. and L.A. in North America to reduce costs because ofNAFTA. With more inventory, however, you can put more shoes into private label which is a really important aspect of the game. 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. 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. Thank you so much for your reply! Yes, despite your competitors building capacity as well, I recommend increasing capacity in a reasonable amount.