Does it hurt any other factors? Your competitors are most likely looking for this information too. But do whatever is necessary to maximize your profits. Thank you in advance! I daily (thank you, Hootsuite, for making it so easy!) I would still go for the 50 models and make sure to buy or build capacity so you have enough for your private label. How would you like to acquire every secret I have about the Business Strategy Game? During the entire simulation process, it is important to keep tabs on the company intelligence reports (C.I.R) and the company operating report (C.O.R) The C.O.R will give you insights into plant investments, labour statistics as well as data on plant capacity. I will walk you through each page chronologically. It covers in detail all of the strategies, concepts, software features and tricks necessary to win the McGraw-Hill Business Strategy Game. Try and set it to Yes. I now have another question about capacity. 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? Yes, I would definitely do plant upgrade option C! 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. Helped me get to the second place! Im not talking about theory and how to play; Im talking about a proven system that helped me become Business Strategy Game Grand Champion. Let us take a look at the Plant Capacity / Upgrades page first. The guide also features step by step instructions in how to manage decision screens in making the best decision. The value that yields the highest profit value is the one you want to go with for this decision round. The Capitalism series is widely regarded as the best business strategy game series ever created. Weve heard countless horror stories of students not taking the BSG seriously and failing the course as a result. You might think that using green footwear materials or using recycled boxing / packaging is a good decision, especially with the currently ongoing environmental debates. Hello, thanks for the great strategy, it is working (1st place) ! The BSG Game went through a major revision in the beginning of 2019. It is important to toggle your values and find the best combination to maximize your net profit. Strategies, decision screens, reports and tests. Thank you so much for the good recommendations. It can be very beneficial for you. While +2% might now always be spot on, I have made the best experience with it so far. Again, trying out different combinations and optimizing net profits is key for these values. 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! Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. Otherwise you will not sell any shoe either. I usually go ahead and plug in whole dollar amounts for the wholesale price and see how net profit changes. Use the remaining 30% capacity to sell shows in private-label! After you have calculated your new regional wholesale sales volume, add the regional internet sales volume to it. The Business Strategy Game BSG is a PC-based exercise designed to mirror the real-world features of the competitive athletic footwear industry. Looking at the North America column, you now have to plug in your values for Wholesale Price, S/Q Rating, Models Available, etc. It took me years to learn this and it would take you years as well but,I know you dont have years. 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. The rule of the game is to compete with the other students' teams to stay ahead to gain a competitive advantage over other teams. I dont know why the game suddenly changed your numbers but I recommend using every last bit of your capacity. That its always wise to start out on the right foot rather than try to pull yourself out of a financial nosedive. Like I already said in my previous post, the most important thing is to toggle each and every value and pay close attention to your net profits. Unused capacity kills your numbers and profits! If it is lower than 40%, your wholesale price will be in competition with your internet price. Hi, thanks for the great strategy! Entering year 15 I am still doing 8 star but the demand forecast is super low. 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. For only $35, get instant access to the Business Strategy Game Guide. Were at the middle of the pack and wanted the best strategy to move up the ranks. It will be, trust me. If you have any questions, suggestions, or comments feel free to comment and I will do my best to help you out. and L.A. in North America to reduce costs because ofNAFTA. How did your 2nd decision go? After you have done this, you might notice that your Your Estimate of the Ind. After watching this comprehensive 75 minute video I haverecentlyfilmed, you will know exactly what you need to do to be successful. 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%. 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. you should repurchase stock whenever you can. 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. This is because your competitors are adjusting and trying to find their strategy. I highly recommend starting below with my free tips guide. sales volume estimate. If you have your AP price set to e.g. Although the big news for 2020 has obviously turned out to be the effects of the COVID19 coronavirus pandemic outbreak, many business students still have to struggle with the difficulty of playing the Business Strategy Game to get a good grade to graduate. No worries, this is logical and you did nothing wrong. 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. Here is a chart again tho show you the process: If your regular production capacity is not sufficient, use overtime. Some students even let it ride without making ANY decisions for years! Once you have enough capacity then switch to low SQ approach. is it because I need to add capacity? More capacity also brings down your costs. These simulation games can help you develop hard. First, click on the Adjust Competitive Intensity button that can be found on the top middle of the page. 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. (0 for both stock issues and stock repurchase). Automated page speed optimizations for fast site performance, Capsim Winning Strategies and Simulation Tips, Leadership and Management Assignment Help. After you have calculated the manufacturing volume for each region, add up your N.A. However, try your best. If you find capacity available for purchase, I would always directly purchase it. When contracting a celebrity, your advertising efforts in the Sales Forecast section should not be low. You will get the hang of it after the first few decision rounds as it is always the same procedure. This is extremely easy and if thats all you want, then grab The Ultimate BSG Solution right now and guarantee your success. thank you:). 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. So, play around and find the best combination for your given S/Q rating that yields the highest net profit. It's customized for you to run the company in direct competition with other class members. However, there are still some other voluntary decision that will prepare you for future decisions. Even more important is, to stick to it! Do not worry about me skipping the Internet Marketing, Wholesale Marketing, and Celebrity Endorsements pages. Let me know if you have any more questions. "In terms of scope and comprehensiveness, it has no equal in the world of business . 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 the first years, the estimate of the industry average might be a little off the +2%. 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. Learn tips & tricks, from a BSG Grand Master! (In Y11, I did the 5-year loan with 12,000k (7% interest). However, do not forget to calculate your possible additional expenses for your celebrities. So what are some of the qualifications you should be on the lookout for when picking your team? 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. Those that are already playing the BSG Online and perhaps want an edge over the competition. You do not want that to happen, especially because your internet sales only account for a small percentage of your entire sales. Two decision rounds later, I was ranking 3rd in the world. You will also receive a copy of Currency Made Simple. For long term celebrity contracts and endorsement, bid for them in the early stages of the simulation. Learn how your comment data is processed. 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). Here's a free video of things to watch out for while you are running your shoe company and competing in the BSG. It is definitely around 1.2 though and I recommend starting off with this value. Celebrities will enhance your marketing efforts and help you sell more shoes. If you see little action on the celebrity market, go ahead and get your celebrities for the lowest price possible ($500). Chances are it would be a piece of cake right? This can be a very tricky decision and you need to analyze your competitors prices. You always want to make sure that you produce your sales volume for N.A. Those that havent played the BSG Online yet and are researching online for every advantage they can find. (Im adjusting for Y13 now). Any advice? A celebrity endorsing your product offers a big boost to product awareness, helps a brand penetrate new regions thus acquiring new market shares, and can drive up sales. However, when pricing your shoes, keep in mind to set the price at least $5 below the wholesale price average. As I keep reading online about different strategies to win, there are some postings that are aligned with the strategy of low quantity of models offered at a high quality and keep increasing capacity. These are some of the tips you can use to win the business strategy game. While they might boost your image rating, they will decrease your profit. I am a Business Strategy Game Grand Champion. You want to setEthics Training / Enforcement to All Employees and Workforce Diversity Program to Yes. Select from a pool of diverse individuals who will bring in different opinions and perspectives to the team. At the same time, youll generate significant amounts of income from the hardest market to extract revenues from. However, my net profit is still negative even after i have adjusted the private-label. You will also receive a copy of Currency Made Simple. Thanks for your strategy! Hi there! I believe it varies based on your games situation. I just have a quick question. If it is 0%, that is fine as well, do not worry about it. So far I have only build a 1000 EA plant and additional 500 NA plant. This enhances the marketing efforts for the brand. As a company wants to be in every market, it will be important to . 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. Do this for all four regions. Strategies, decision screens, reports and tests. This would leave you with a bunch of shoes unsold. Try out each and every value and note down the highest net profit values. Even though this game is said to be a business simulation, get rid of the thought that all decisions have to make sense and be logical. 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. 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. Turn delivery time to four weeks because it has no noticeable effect on sales but significantly affects EPS and Net Profit. It almost worked TOO WELL. 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. According to the change, you can estimate the next years average industry internet price and plug it in. 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. Instantly Jump Your Business Strategy Game Score 10 Points for FREE! Theguide will show you how to make your company lean and agile to cope with the industrys marketplace. Company operations are patterned after Business strategy game. It is all about trying out all possible combinations. Im an excel and math geek and started to break the game down and understand it on a deep level. I always went with 500 every second year, but it depends on your market and competitors. Furthermore, I spent all my cash on hand for dividends and stock repurchase to increase my ROE and EPS as much as possible. So, should I decrease pay dividends here to $0.15? 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. Hence, try to keep your internet price at least 40% higher than your wholesale price. Sorry for the late reply.. Been starting my new job and working a lot lately. By clicking on the Purchase Capacity button, you can see whether someone else did the mistake and sold capacity. 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. With our strategy in mind, I would recommend addition capacity to already existing plants rather than constructing a plant in a new region. $50.66 but $50.67 gives you higher profits, go for the higher prices. R.O.E is the measure of the ability of a company to generate profit. I would always encourage you to bid on available celebrities. 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. I would like to ask you about the Dividends. Players must make decisions to build brand loyalty by improving . 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 ? unfortunately I have no experience with adjusting to my strategy in the late-game. You can also pay dividends to your shareholders. 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. 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. 39K views 1 year ago #businessstrategygame Here is my ultimate guide to help you ace the Business Strategy Game. No worries, it will be easier after the first few years. 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. Business simulation games allow you to experience certain aspects of running a business in a completely virtual, consequence-free environment. When starting the BSG, you have two long-term loans; one for 5 years, the other one for 10 years. 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. 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! 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. This will save you money in the long run and at the same time boost your credit rating positively. I am so thankful for your post!!!!!!!!!!!! Same for your superior material. I daily (thank you, Hootsuite, for making it so easy!) 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. The two most important values you want to have as precisely estimated as possible are the industrys average wholesale price and S/Q rating. 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. It only takes 10-15 minutes to put the numbers in the right spotsto make yourself an Industry leader. Same with all the other values, like I described in my blog post And then use all your remaining shoes for the private label market. I put $1.00 pay dividends, which turned out 20,000k in total. Should I decrease the pay dividends and do stock repurchase in Y13? You basically do the same thing over and over again, for every decision round. Here, you will plug in your previously calculated regional total sales volume for each region. It will give you some immediate tips you can implement to start off on the right foot or begin turning things around. 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? You should slightly increase your dividends year by year. Increase models? On this decision page, you can bid on celebrities. The importance of buying back stock early and how buying back stock gives you an edge in the game. So, multiply your sales volume for the wholesale segment for each region by 1.2. Let me ask you this. 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. However, I would recommend not taking out any loan if possible. Thats a game changer!! 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. 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. You will have secret access to private areas of the site and get to ask questions with my personal expert replies. Dont be fooled by cheap imitations by common Industry Champions thatgloss over the obvious. The C.I.R on the other hand will give you a deeper look into market share, S/Q ratings as well as price. The same accounts for your Change in Annual Base Wages and Incentive Pay values. 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. Setting up a successful business requires time, money, a lot of hard work . 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. Do not worry about your market share percentage or any other value than your net profit. Let me walk you through the various decision pages and explain you how to optimize each entry. 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. You are now done with your private-label decisions and all significant decisions that affect your net profits. Start off with the values that you know for sure: For the high quality, low models strategy, I recommend starting off with a S/Q rating of 7 stars and 50 models available. So for our strategy, it should be 7 stars at the beginning. For only $35, get instant access to the Business Strategy Game Guide. For your company to stand out, it should ideally have an image rating of 70 and above. You should pay attention that your S/Q Rating of Branded Pairs Produced matches your value on the Sales Forecast 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. Learn tips & tricks, from a BSG Grand Master! 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. It sometimes works. With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. 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? Both The Ultimate BSG Solution Guide as well asThe BSG video guide were created by a BSG Grand Champion.Together, you will have all the information you need to not just win the BSG, but to DOMINATE.You get Exclusive VIP access to our secret forum area. Leave everything else unchanged. This also means that players have a limited number of options which creates a glass ceiling and sets the tone for the rest of the game.The first years of a Business Strategy Game is fairly fragile and any major mistakes will leave permanent scars. My stupidness did not know that I should not pay dividends when I am in 5-year-loan, so I did not adjust any part in Finance Cash Flow except for borrowing. Do not worry about the Plant Capacity / Upgrades page. I include tons of free information to give you a leg up on your classmates on my blogroll. im at year 17 and perfect score twice, 1st in last 3 years and 2nd twice. The first is the paid guide. In addition, your Retail Outlets values should always be the highest number possible that you are allowed to enter. Then, after a lot thought on the matter, I devised an easy method for taking full advantage of currency fluctuations. Hence, find the combination that gives you the highest profit. This means, without increasing your superior material or enhanced styling / features, you gain 1 star. Based on the kind of approach you will use, you might find it useful to keep some of the costs low. One week they might increase, the other they might increase by just a little or even decrease. What is this Currency Made Easy! Which is better, cost leadership, integration, or differentiation? I did not stock issues or issue purchase in the those years. You need the capacity for the private label market. 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. In addition, the company resembles an athletic footwear company with plant operations instead of outsourcing . Let us move on to the tricky part of this decision page. You are now all set to dominate your industry and win the BSG! Sometimes thats cutting expenses, sometimes thats increasing expenses (even though it might not make sense at first). I recommend building additional 1,000 capacity for the North American plant in the first year, if your cash balance allows it. and why do I want it? Currently, were selling 150 models. Those that are already playing the BSG Online and are going bankrupt and/or are dead last. However, you should keep on thing in mind: Your internet price should ideally be 40% higher than your wholesale price. Otherwise, their endorsement effect declines. 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%. I wish you the best of luck for your game. You have successfully adjusted to your competitors. In the upper left box, you have available sources of additional cash. Could you win the Business Strategy Game against a bunch of 5th graders? Yeah I will hold on to that for now. Select +2% for the Percent Change in Competitive Impact of All Other Factors from Previous Year. Should I continue expanding NA or AP and by how much? 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. Good communication skills. Paying dividends will increase your stock price and your ROE. We got our act together and began to study the game. If your results in the first year are not too good, its not a big deal. 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). On BSGTips, we have an email service and forum to handle any support issues you may have. 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 And it is pretty difficult for other teams to see what you are doing to them before it is too late. I recommend having a pen and piece of paper next to you so you can write down your net profit and compare when plugging in different values. This means, you decide about the S/Q Rating of your branded pairs produced and your compensation and training for your employees. 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. 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. Everyone has the same advantage as the team next to them. For this blog post, I will concentrate on the high-quality + low model strategy. My friend and I walk through the simulation on how it works. 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 typically keeps increasing until a certain price point and then starts to drop. Play with your numbers around and tweak them to generate maximum net profit. In this article, you will explore some of the strategies and tips that should be employed to boost your winning chances. I will explain soon, how to increase plant capacity and why we need the capacity for private label. 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. Hi Fin, Thanks for the detail post and the screen shots. The information is these guides is laid out, and displayed, in such a way that crucial decisions should be a breeze. So I run into problem again! Strategy 1 - Align simulation with learning objectives. There is a huge difference of learningHow To Winand learning the basics of the game. So where to look at this thing, as soon as you start the BSG Online Game. 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 . Also, I suggest not decreasing your dividends. But this year the shipping is too high from AP to LA so I cannot make any money from LA. Ive turned dead-last severely bankrupt companies into Industry Champions with just two years left in the game. You said that the internet price should be 40% above wholesale.