Then, just like you did before, plug in different values for your internet price and see, which price yields the highest net profit. Is it too late to reduce that to 50 as you suggested in your recommendation? You can only do one upgrade at a time in each region and a total of two updates per region. 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! Please post any information pertaining to: strategies, tips, final presentations, case studies, quizzes, etc. The Business Strategy Game or BSG is a simulation game used by, different colleges for their Business capstone. 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. Strategy 1 - Align simulation with learning objectives. It might be tedious work and consumes a lot of time, but it will definitely worth it and will let you win the BSG. 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. Business strategy games are a type of computer or board game that simulates the decision-making processes involved in running a business. I am having trouble getting my company back into the positive ending cash after taking out a loan. If it is 0%, that is fine as well, do not worry about it. Learn how your comment data is processed. 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. 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? With our strategy, you might want to think about getting Option A as well. 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. Let me walk you through the various decision pages and explain you how to optimize each entry. Business strategy game. 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. Hence, keep track of the industrys internet price and how it changes. This will lead to greater visibility for your company and thus a boost in the image rating. 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). honestly i started with 150 models at 6 stars and went to 200 and 7 stars, 8 in private label. Even more important is, to stick to it! When doing so, you have to plug in numbers for the assumptions section in the new window. Im an excel and math geek and started to break the game down and understand it on a deep level. I am a Business Strategy Game Grand Champion. How Much Capacity Should My Company Have? If you have your AP price set to e.g. Setting up a successful business requires time, money, a lot of hard work . 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. Business Strategy Game Tips - . 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 ? Displaying corporate citizenship in a responsible and socially acceptable manner for not less than 4 years. update them with tips and food for thought from the paid guide. Finished top 3 the first time and we are currently in 2nd place through 5 weeks for our current simulation. These games often involve managing resources, making . Five years ago, I was sitting in a similar situation as you. Here, you will decide for how much your shoe is going to sell. Using a game strategy to push a business forward is a different approach, but it has been proven successful for many. Strategy and Execution is your shield and sword for Conquering the Industry. If you add capacity it will show you the price. 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. I cannot make any money there. You can do this by paying off your loans at the earliest possible time. Hi, You dont have to care about your retail outlets anymore so adjust the price so maximize your net profit, without the 40% rule. It is all about trying out all possible combinations. 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. It has two components. 39K views 1 year ago #businessstrategygame Here is my ultimate guide to help you ace the Business Strategy Game. 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! However, if done right, it is worth the time as it will yield the maximum profit possible and success in your industry. Hello. 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. In any Business Strategy Game, including BizMAP, you will not get it 'right' in the first attempt. If you demand for branded production is met, put everything else into private label to make sure you dont have unused capacity. Hi Yvonne. It almost worked TOO WELL. The private-label sector is something you do not want to miss out on, especially with our high quality, low models strategy. . Or you have read it but still do not know what strategy to pursue or what is going on? This can be a very tricky decision and you need to analyze your competitors prices. Exactly. On this page, you will set your values for your branded production. Those that are already playing the BSG Online and perhaps want an edge over the competition. The value that yields the highest profit value is the one you want to go with for this decision round. Do I need to change another setting on another page for this to remain positive? Write down each regions reject rates and add them up to the regions estimates sales volume. Hi. On BSGTips, we have an email service and forum to handle any support issues you may have. You will have secret access to private areas of the site and get to ask questions with my personal expert replies. My friend and I walk through the simulation on how it works. You can either take out a 1-year, 5-year, or 10-year bank loan. Should I continue expanding NA or AP and by how much? Learn tips & tricks, from a BSG Grand Master! Worst case, all the demand is already satisfied in your region before your shoes at a certain price is being considered. Do not focus too much on Ending Cash, but keep focusing on Net Profit, try to increase that over each years. This game can be overwhelming, so anything to help other players! However, some values, such as the Wholesale Price have decreased instead of increased. I recommend increasing capacity and keep focusing on your profits. 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. Buy Now with PayPal. 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. 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. but out industry there is a direct competitor for me, he is also star 8 and 50 models, and he prices so low for wholesale, only 47! Looking at the North America column, you now have to plug in your values for Wholesale Price, S/Q Rating, Models Available, etc. And I would not build another plant, rather increase capacity in the plants that you already built. So for the last year I didnt stick to the rule that the internet price has to be 40% higher than the wholesale price. 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. But the plant page did say not recommend to build the plant so I was hesitating. I want to thank you for visiting my Business Strategy Game (BSG Online) website. If this is still not enough, add the missing shoes to the other plants Branded Pairs to be Manufactured in Year XX number. Hi there! You will soon know why. Play the game multiple times and try to refine your strategies and entrepreneurial skills with each attempt. Most Industry competitorsarentable to replicate high results when they face tougher opponentsand have asimpleunderstanding of the Business Strategy Game. This is extremely easy and if thats all you want, then grab The Ultimate BSG Solution right now and guarantee your success. What should I do in this case? Thank you very much for your kind words! If you find capacity available for purchase, I would always directly purchase it. Hence, make sure to plug in every possible value to reach the highest net profit possible. I have experienced different behavior with bidding on celebrities. I include tons of free information to give you a leg up on your classmates on my blogroll. The rule of the game is to compete with the other students' teams to stay ahead to gain a competitive advantage over other teams. Wow, you are done! Those that havent played the BSG Online yet and are researching online for every advantage they can find. The second part is the free site resources. The first time I played, I did exactly what you are doing: researching the internet. . Always Have A Backup Plan. 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. . After you have done this, you repeat the same procedure for Europe-Africa and Asia-Pacific with the A-P plant because it is cheapest to ship shoes from A-P to E-A. With increased competition, prices tend to decrease. I have also included a Special 30 minuteAudio Companion for the Magic Numbers that is great for Year 11 starters! However, it is not necessary and Option C is definitely more effective. The celebrity should also be compatible with the product, for instance, a football player would be ideal for a sports shoe endorsement. ? 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). . Beat the Business Strategy Game. The first is the paid guide. If this scares you, it should. The end result counts. Choosing the correct financial approach, among other things, made a huge difference. Is this guide guaranteed to make me win? Dont believe us, just try below. Selecting the members that will form your team is very crucial as you will be working together to ensure the success of your company. Like I said before, you should be building capacity, yes. Celebrities will enhance your marketing efforts and help you sell more shoes. Thanks! In the upper right box, you can spend your excessive cash. Its not too late to do that yet. If you bid on multiple celebrities, it is good to set a ranking priority and a spending cap so that you do not spend more money than you want or have available. Set Models Offered to 50 and Free Shipping to No. Any questions you have or any problems you encounter,you can get my expert advice asa BSG Grand Champion. After you are done, move on the left side and do the same for your internet sales. For only $35, get instant access to the Business Strategy Game Guide. Login Scroll Down Your browser does not support the video tag. . 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. 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. Beating the Business Strategy Game About the Guide. 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. To boost earnings per share (E.P.S) you can use the cash at hand to retire and repurchase any outstanding shares. 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. Could you win the Business Strategy Game against a bunch of 5th graders? You cannot afford to followsimple techniques and fail! 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. So I run into problem again! I feel you. 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. Thank you in advance! For further explanation, please read my blog post. 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. thank you for your help. With my help, tips, techniques, and strategies, your competition doesnt stand a chance! And should I do stock repurchase this year? Two of the most important things to do here are analyzing your competition and optimizing your values. Weve solved EVERYTHING for you. 5. that helped me become Business Strategy Game Grand Champion. 1. If Im wrong, Ill post another comment. 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. Most of the decisions you can make here are a waste of money and will not benefit your company. More capacity also brings down your costs. Otherwise you will not sell any shoe either. So for our strategy, it should be 7 stars at the beginning. And you can basically never have enough capacity for private label. When there is a change in any aspect of operations it should be implemented upon approval of all the members. Your Delivery Time should be set to 3 weeks. It will be, trust me. Every game in the Business Strategy Game starts out the same. My undergraduate business strategy teacher made us play the BSG-Online simulation for 40% of our grade. 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. Oh, how I wish I had known all this before I began playing. This enhances the marketing efforts for the brand. Your interest rates depend on your credit rating and the duration of your loan. (0 for both stock issues and stock repurchase). and L.A. in North America to reduce costs because ofNAFTA. All the while you get lost on what was really importantto do actuallywin. Thanks a lot! One week they might increase, the other they might increase by just a little or even decrease. You basically do the same thing over and over again, for every decision round. Let me know if you have any more questions. But this year I have a lot of cash on hand, I upgraded my plant, should I also build the LA plant although I dont need that much capacity at the moment? It took me years to learn this and it would take you years as well but,I know you dont have years. However, there are still some other voluntary decision that will prepare you for future decisions. After you have calculated your new regional wholesale sales volume, add the regional internet sales volume to it. In addition, you have the option to repurchase your stock. 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. 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. 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. Dave Mar at least one of the two teams has an S/Q of 8* and low prices so far (yes, they are in first place for now) what do you think we should do?. Waiting to buy them later will lead to an increase in their prices. Right now I am doing the second year decision, Im doing star 8 and 100 models, did 7 stars and 100 models in first round and the result was not very good. If you have any questions, feel free to come back and ask them. Unused capacity kills your numbers and profits! Concerning changing others values, I recommend reading my initial post where I have explained everything in detail. Learn More I daily (thank you, Hootsuite, for making it so easy!) 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. This means, you decide about the S/Q Rating of your branded pairs produced and your compensation and training for your employees. Steal my conservative private label strategy that and immunize your company from bankruptcy. Because with more capacity, you can offer more pairs in private label and dominate the market there. You should slightly increase your dividends year by year. As already mentioned, it is important that you ship all your shoes for the North American warehouses and the Latin American warehouses from the North American plant. Do you have any suggestions? 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. I am getting my butt kicked! You then want to select 0% as the Portion of the $XX mil. 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. I only ever paid attention to my profits and I never ever sold capacity. A McGraw-Hill Business Strategy Game Online Expert, Copyright 2023 Win The Business Strategy Game Online Powered by Wordpress, W3 Total Cache & Cloudflare, Business Strategy Game Quiz 1 Study Guide, Business Strategy Game Quiz 2 Equation Cheats, New Glo-Bus Simulation Game Quiz 1 Answers, New Glo-Bus Simulation Game Quiz 2 Answers, Buy The Business Strategy Game Guide for $29.99, Tips and equations to make the quizzes easier, An easy to understand tutorial on exchange rates, tariffs, interest rates, and how to utilize them to your advantage, YouTube Videos on how to play the game and learn the software as quickly as possible, An distilled version of the players guide to save you a lot of time. (In Y11, I did the 5-year loan with 12,000k (7% interest). This is because your competitors are adjusting and trying to find their strategy. You have to dissect your competition and forecast their every move. Download Magic Year 11 Secrets Revealed NOW. In this package you get TheUltimate BSG Solution Guidealong with theIndustry Champion video. You will also receive a copy of Currency Made Simple. Those that are already playing the BSG Online and are going bankrupt and/or are dead last. I always went with 500 every second year, but it depends on your market and competitors. 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. This decision page deals with your plants. Be in it for the long haul Increase models? Hi! Then, after a lot thought on the matter, I devised an easy method for taking full advantage of currency fluctuations. Again, maximizing net profit is all you care about with our strategy determined at the beginning. You now have an estimate of how many shoes you are going to sell in each region. It only takes 10-15 minutes to put the numbers in the right spotsto make yourself an Industry leader. 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.