Most of the decisions you can make here are a waste of money and will not benefit your company. Those are LEARNING REFERENCES written bycommonplace Industry Champions, which teach you how toplay. Try out each and every value and note down the highest net profit values. Any questions you have or any problems you encounter,you can get my expert advice asa BSG Grand Champion. Yes, I am talking about the www.bsg-online.com for 2023. $50.66 but $50.67 gives you higher profits, go for the higher prices. Every game in the Business Strategy Game starts out the same. How To Win A Business Simulation Game? After watching this comprehensive 75 minute video I haverecentlyfilmed, you will know exactly what you need to do to be successful. 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. ? 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). This will lead to greater visibility for your company and thus a boost in the image rating. So having understood what the image rating of a company is based upon, how can you improve it? 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! Order today and you will beprivyto every secret, technique, tip, support, and help I can provide you with thatwill surely secure your SUCCESS and VICTORYas a Business Strategy Game Player. It is definitely around 1.2 though and I recommend starting off with this value. You are now done with your private-label decisions and all significant decisions that affect your net profits. I always went with 500 every second year, but it depends on your market and competitors. 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 any Business Strategy Game, including BizMAP, you will not get it 'right' in the first attempt. No worries, this is logical and you did nothing wrong. PDF The Business Strategy Game - California State University, Northridge 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. I am currently dominating my industry, and closing in on the top 100 list! 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 same accounts for your Change in Annual Base Wages and Incentive Pay values. Having an increased S/Q rating and lower prices boosts the image of the company positively. 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 suggest you upgrade your browser. For your company to stand out, it should ideally have an image rating of 70 and above. In the case where other competitors are employing this strategy; strive to be the first team to get the most points. Also do you know the cost of building additional capacity. The ULTIMATE Business Strategy Game BSG Guide - 2023 - YouTube Chances are it would be a piece of cake right? Business simulation games allow you to experience certain aspects of running a business in a completely virtual, consequence-free environment. I will talk about the Celebrity Endorsements page later. 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. This can get confusing at the beginning so here is a table to show you the process. Skip the fancy words so many other guides drone on about BSG, andget down to real execution of business strategy. Does it hurt any other factors? Players must make decisions to build brand loyalty by improving . 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. The information is these guides is laid out, and displayed, in such a way that crucial decisions should be a breeze. Hi Fin, Thanks for the detail post and the screen shots. In addition, your Retail Outlets values should always be the highest number possible that you are allowed to enter. 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? A quick e-mail to your inbox. And should I do stock repurchase this year? 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? I never really watched my EPS or credit rating (ofc credit rating should be a B at least). You always want to make sure that you produce your sales volume for N.A. Tips on How to Win the Business Strategy Game (BSG) - Top Academic Writers According to the change, you can estimate the next years average industry internet price and plug it in. So I doubt on his strategy. Virtonomics. I shut them down fast and knocked them out of the running. Hi Yvonne. The private-label sector is something you do not want to miss out on, especially with our high quality, low models strategy. Is there anyway to increase the demand for my shoes in the internet/wholesale markets? 5. It will be very helpful for us and will be very grateful Do you still have your upload reports of all your years ? Increase S/Q ratings? Thats a game changer!! When starting the BSG, you have two long-term loans; one for 5 years, the other one for 10 years. What should I do for year 12 and 13? Steal my conservative private label strategy that and immunize your company from bankruptcy. However, the private-label market is set up the way that only a limited demand is given each year. I let the rest remain the same in the entry. Im playing the new version of the game, and your guide has worked perfectly for the first two years! When there is a change in any aspect of operations it should be implemented upon approval of all the members. or A-P plant. Business Strategy Game (BSG) Helpful Tips!!! - YouTube I will just adjust it first and see what happens, thanks a lot:). Your competitors are most likely looking for this information too. Unused capacity kills your numbers and profits! I highly recommend starting below with my free tips guide. 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. After you have calculated your new regional wholesale sales volume, add the regional internet sales volume to it. It makes sense to do the upgrade before adding capacity. Let me walk you through the various decision pages and explain you how to optimize each entry. Do not worry about me skipping the Internet Marketing, Wholesale Marketing, and Celebrity Endorsements pages. Period. My group and I are also playing the new version of the game and were little bit lost. The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. And it is pretty difficult for other teams to see what you are doing to them before it is too late. Hey!! 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. I include tons of free information to give you a leg up on your classmates on my blogroll. 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. After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. you should repurchase stock whenever you can. Or you have read it but still do not know what strategy to pursue or what is going on? However, do not price your shoes too high, so that your competitors have a lower price than you and will sell their shoes first. If you demand for branded production is met, put everything else into private label to make sure you dont have unused capacity. I would recommend purchasing the upgrade for both of your plants within the first four years. WINBSG.COM: Win the BSG Business Strategy Game - Discussing effective You possible might decrease your net profits with this, but it is definitely worth it and will pay off in the long-run. Automated page speed optimizations for fast site performance, Capsim Winning Strategies and Simulation Tips, Leadership and Management Assignment Help. Other teams in your industry wont stand a chance when you unleash the tactics we teach. Any thoughts? Some students even let it ride without making ANY decisions for years! Market share is not crucial for your success in the BSG, but profit is. The Business Strategy Game (BSG) is online games in which students form teams that are assigned tasks and compete in running the business of an athlete footwear company. How did your 2nd decision go? You are almost done for the Sales Forecast decision page. What is this Currency Made Easy! What I like about my strategy is that you do not necessarily have to keep an eye on your competitors. By clicking on the Purchase Capacity button, you can see whether someone else did the mistake and sold capacity. 6 Effective Business Simulation Games Teaching Strategies You can still ship pairs from LA to somewhere else if needed. More capacity also brings down your costs. But it is definitely worth it. Grow the stock price of your company's shares by at least 5% between the years 10 and 15. congrats on your success! If you have any questions, suggestions, or comments feel free to comment and I will do my best to help you out. If youd like an overview of the content we publish, take a look here, and if youre interested in Glo-bus, start here. I daily (thank you, Hootsuite, for making it so easy!) How can I increase my game score? By employing the best cost strategy. Everyone has the same advantage as the team next to them. Do this for all the four regions. Business Strategy Game player with a career stretching back to 2006 and throughmultiple versions of BSG. Those that are already playing the BSG Online and perhaps want an edge over the competition. With remaining the cash on hand, try to buy back stock, pay off your loans from the beginning of the game, pay back dividends, and upgrade your plants. 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. If you have any questions, comments, concerns, or feedback, click on my name below and Ill respond to you as quickly as I can. Like I explained in my blog post, do everything that is necessary to increase and maximize your net profits. Thank you! For long term celebrity contracts and endorsement, bid for them in the early stages of the simulation. I recommend increasing capacity and keep focusing on your profits. Turn delivery time to four weeks because it has no noticeable effect on sales but significantly affects EPS and Net Profit. So when following the steps described above, you will have positive ending cash really soon again. 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%. thank you for your help. My team and I started the game with minimal knowledge and flailed for the first three decision rounds. The two most important values you want to have as precisely estimated as possible are the industrys average wholesale price and S/Q rating. It only takes 10-15 minutes to put the numbers in the right spotsto make yourself an Industry leader. One option that you definitely want to purchase is Option C. Option C increases your S/Q rating by 1 star. Ship all the other shoes for the Europe-African warehouses and the Asia-Pacific warehouses from the Asian-Pacific plant. Economic Impact of Hurricane Harvey and Hurricane Irma, Temporary Oil Price Changes Hold Back Consumer Spending. I now have another question about capacity. The second part is the free site resources. The value that yields the highest profit value is the one you want to go with for this decision round. Which wholesale are you referring to? The FREE BLOGcovers topics like. How to solves this situation ,have you given us any suggestion. The only thing you wont get is Magic Year 11 Secrets Revealed.Dont Wait! If it is lower than 40%, your wholesale price will be in competition with your internet price. Im giving away adeadly secretinsideMagic Year 11 Secrets Revealedthat will make a person number 1 almost no matter what. Here, you are treated like a star. If it is 0%, that is fine as well, do not worry about it. 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. Using a game strategy to push a business forward is a different approach, but it has been proven successful for many. Pay attention to the plant upgrade options as well. 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. You will also receive a copy of Currency Made Simple. Do not price your shoes too low, so that you will not make any profits with your sales. Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. I feel you. Optimizing your values is the essence of the game, even though it might be very time-consuming. The first time I played, I did exactly what you are doing: researching the internet. Be careful: Sometimes, especially for advertising, numbers that are way off (for example $100 and $8,000) can yield about the same net profit with only a little difference. Always Have A Backup Plan. I started with paying $0.05 dividends and increased it by $0.05 every year. However, try your best. Nine Game-Changing Business Tips That Helped These - Forbes Im an excel and math geek and started to break the game down and understand it on a deep level. However, my net profit is still negative even after i have adjusted the private-label. Set your price to whatever maximizes your profits. 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. Id also like to point out that it appears the developers threw out NAFTA in the new version, so tariffs hurt pretty bad in Latin America. 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. . Anyone need help with BSG? : r/businessstrategygame - reddit Waiting to buy them later will lead to an increase in their prices. I am in Y12, and I am adjusting for Y13. I would like to ask about the Pay Dividends. My stupidness did not know that I should not pay dividends while Im in LOAN mode. Two of the most important things to do here are analyzing your competition and optimizing your values. R.O.E is the measure of the ability of a company to generate profit. I put $1.00 pay dividends, which turned out 20,000k in total. I am having trouble getting my company back into the positive ending cash after taking out a loan. Definitely helps! Hi! However, do not forget to calculate your possible additional expenses for your celebrities. This will save you money in the long run and at the same time boost your credit rating positively. In addition, you have the option to repurchase your stock. (Im adjusting for Y13 now). You need to get confidential,accurate,comprehensive, andreliablyup to dateinformation from a trusted andPROVENBusiness Strategy Game source. Is there a system to beating the game? Do not sit on it. 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. BSG Report, Part 2 - BeatBSG I started with 250 models and S/Q rating of 5. Switch between different advertising budgets to see which strategy will be the most cost-effective to capture the target market at the best price. But I found ZERO helpful information online. Yes, I would only add capacity onto existing plants and not build new plants. Two decision rounds later, I was ranking 3rd in the world. 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. Avg. values have changed. To do so, first plug in your N.A. Furthermore, I spent all my cash on hand for dividends and stock repurchase to increase my ROE and EPS as much as possible. Ive played the Business Strategy Game many times through and have completely dominated my opponents every single round of every single game. Using this as a base strategy has yielded good results in my experiences. Company operations are patterned after "In terms of scope and comprehensiveness, it has no equal in the world of business . Like should I add up all my wholesale prices from the 4 regions and then divide by 4 to get an average wholesale price and multiply by 1.40 to get the internet price or should I base it off the lowest wholesale and then multiply by 1.40 to get the internet price? Year 11 might be over for you. The most important advice in advance: it is all about PROFIT. Again, maximizing net profit is all you care about with our strategy determined at the beginning. If after putting the above measures in place and your image rating lowers, consider increasing the S/Q of the shoes and indulging more in corporate citizenship behaviour. I dont know why the game suddenly changed your numbers but I recommend using every last bit of your capacity. Learn the single most powerful strategic financial decision you can make that WILL, Discover why one business level strategy is FAR SUPERIOR to all the others and why you will surely lose if youre not implementing it, Learn in plain English what each decision screen does and the data thats important to manipulate to win, Learn how to pull yourself out of debt instantly even if youre bankrupt or dead-last, Learn which industry reports you MUST pay attention to and how to interpret them, Discover the single-most common mistake that students make and why you MUST avoid it at ALL COSTS, Learn which regions you should build factories in and which regions you should steer clear of. 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? I cannot make any money there. The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. I hope that helps and good luck! When coming up with a CSR initiative, ensure that the budget can be sustained over time without burdening the company. But this year the shipping is too high from AP to LA so I cannot make any money from LA. If you add capacity it will show you the price. This has been very useful. It has two components. Finished top 3 the first time and we are currently in 2nd place through 5 weeks for our current simulation. When I played the game, I barely looked at what my competitors were doing. While +2% might now always be spot on, I have made the best experience with it so far. Business Strategy Game | Play Free Online - MBA Crystal Ball 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. you can SUCCEED in the Business Strategy Game by following my SIMPLE tips, advice, and strategies. 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. Those that havent played the BSG Online yet and are researching online for every advantage they can find. From this highest whole dollar amount, I plug in every possible value around it and find the price that yields the highest net profit. Business Strategy Game Tips - Which Market Should I Produce Shoes In Concerning changing others values, I recommend reading my initial post where I have explained everything in detail. It is best to build only as much capacity as you can afford without taking any loans. Otherwise, their endorsement effect declines. I did not forget it, but we will take a look at it later. My guide follows the rule highest net profit is key to success. My friend and I walk through the simulation on how it works. After you are done, move on the left side and do the same for your internet sales. 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. This is extremely easy and if thats all you want, then grab The Ultimate BSG Solution right now and guarantee your success. This decision page is mainly a waste of money and we will not spend a lot of time with this page. Entering year 15 I am still doing 8 star but the demand forecast is super low. Sure, you can ask anytime This is very helpful. You said that the internet price should be 40% above wholesale. As a company wants to be in every market, it will be important to . Do not worry about those numbers, they will just show you whether your investment is profitable or not. Try and set it to Yes. You are now all set to dominate your industry and win the BSG! . Whether a member is suggesting a different. With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. However, after 3-4 years, your competitors will settle and changes will be more predictable. Weve solved EVERYTHING for you. This like a trial and error process and does not necessarily have to make sense. These games often involve managing resources, making . 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. A free section gives the casual reader some tips and tricks in class and a paid guide for people who are behind and need to catch up or students who want to save themselves the headache and win. While your regional sales volume for the internet segment is a good estimate, the estimates for the wholesale segments are not. PS: I left a comment, but I did not see it and thus retyped. I am on my second year and I have negative income right now, any tips on how to get in the positive? and L.A. in North America to reduce costs because ofNAFTA. You will also receive a copy of Currency Made Simple. 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. Make year 11 EASY on yourself and learn how the game is played. You will get the hang of it after the first few decision rounds as it is always the same procedure. 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). Do not focus too much on Ending Cash, but keep focusing on Net Profit, try to increase that over each years. 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. In the first years, the estimate of the industry average might be a little off the +2%. 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. After you have done this, you might notice that your Your Estimate of the Ind. This is why building additional capacity is so important. I worried that another team would have stumbled onto your blog, but few people Google tips it seems! I suggest to go for maximum profits. Beating the Business Strategy Game About the Guide. I daily (thank you, Hootsuite, for making it so easy!) Thanks for your strategy! Paying off these loans in advance has the advantage that you will pay less interest over the coming years. Do this for all four regions. Hence, you will only focus on the two following decisions that are worth their money as they increase your image rating the most. However, there are still some other voluntary decision that will prepare you for future decisions. 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. If I have further questions do you mind I ask you for help? Yes, despite your competitors building capacity as well, I recommend increasing capacity in a reasonable amount. I usually go ahead and plug in whole dollar amounts for the wholesale price and see how net profit changes. The Business Strategy Game BSG is a PC-based exercise designed to mirror the real-world features of the competitive athletic footwear industry. Any advice? unfortunately I have no experience with adjusting to my strategy in the late-game. 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 Repurchasing stock will boost both your EPS and ROE. Dont believe us, just try below. 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. Business Strategy Game Cheats I Best BSG Game Cheats 2022 Instantly Jump Your Business Strategy Game Score 10 Points for FREE! 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 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. Business strategy game. Business Games. 2022-10-12 I am in a box where every move I make to lower cost or shift production lowers my EPS or credit rating. However, when pricing your shoes, keep in mind to set the price at least $5 below the wholesale price average. Once you have enough capacity then switch to low SQ approach. Please delete one if there is an extra comment. That combined will give you a good boost for the last year. Business Strategy Game (BSG). Do you have any tip/tricks on - reddit Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. Learn More 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. The information is these . The information is these guides is laid out, and displayed, in such a way . 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. 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. The demand depends on your retails, price and quality. Okay! When contracting a celebrity, your advertising efforts in the Sales Forecast section should not be low. I will walk you through each page chronologically. Looking at the North America column, you now have to plug in your values for Wholesale Price, S/Q Rating, Models Available, etc. Emerging on top of this simulation can be quite a challenge. 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.