Learn tips & tricks, from a BSG Grand Master! Let me know if you have any more questions. Theres not right amount of capacity you should purchase. Use of my strategy creates a landslide effect that, as you can see, is very devastating to all opponents. (In Y11, I did the 5-year loan with 12,000k (7% interest). The two most important values you want to have as precisely estimated as possible are the industrys average wholesale price and S/Q rating. I cant seem to find it. The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. It is not. 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). My team and I started the game with minimal knowledge and flailed for the first three decision rounds. Try out each and every value and note down the highest net profit values. You might think that using green footwear materials or using recycled boxing / packaging is a good decision, especially with the currently ongoing environmental debates. However, after 3-4 years, your competitors will settle and changes will be more predictable. Hi You have to base it off the HIGHEST wholesale price, just to be safe Like that, all 4 regions are guaranteed to be 40% above wholesale price. No spam. 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. 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. There is a huge difference of learningHow To Winand learning the basics of the game. Max OUTyour production with the high quality shoes at the lowest possible cost. Hi Dennis. My undergraduate business strategy teacher made us play the BSG-Online simulation for 40% of our grade. While +2% might now always be spot on, I have made the best experience with it so far. If this is still not enough, add the missing shoes to the other plants Branded Pairs to be Manufactured in Year XX number. That combined will give you a good boost for the last year. However, I would recommend not taking out any loan if possible. And should I do stock repurchase this year? You need the capacity for the private label market. 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. Created Oct 30, 2013 Restricted 753 Members 5 Online Moderators Moderator list hidden. If you find capacity available for purchase, I would always directly purchase it. This is why building additional capacity is so important. Concerning changing others values, I recommend reading my initial post where I have explained everything in detail. Well some Industry Champions have such an easy time winning because the people theyre going up against simply didnt care about the BSG. Do the same for your E-A and A-P volumes and plug them into the A-P manufacturing slot. Thanks a lot! You do not want that to happen, especially because your internet sales only account for a small percentage of your entire sales. I dont know why the game suddenly changed your numbers but I recommend using every last bit of your capacity. im at year 17 and perfect score twice, 1st in last 3 years and 2nd twice. Or you have read it but still do not know what strategy to pursue or what is going on? Try and set it to Yes. In the upper right box, you can spend your excessive cash. However, some values, such as the Wholesale Price have decreased instead of increased. I dont understand why it did this as this capacity was unused and there was upside to having it as my production was max out for the demand. Ideally, you can cut your employees wages and will increase profit. You need this capacity for the private-label market. Should I continue expanding NA or AP and by how much? Using a game strategy to push a business forward is a different approach, but it has been proven successful for many. Stick in your e-mail address, and the tips guide will be in your inbox instantly. I wish you the best of luck for your game. Let me ask you this. BSGTips.com is a proven guide (written by a Business Strategy Game Grand Champion) on how to win, not just how to play. The decision is due tonight I am so nervous but the performance score so far looks good. 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. You can ignore the Internet Marketing and Wholesale Marketing pages because they will just reflect your internet and wholesale decisions that you already plugged in on the previous pages. Hi. Most Industry competitorsarentable to replicate high results when they face tougher opponentsand have asimpleunderstanding of the Business Strategy Game. I was wondering how much more additional capacity that I should purchase after Ive bought the first 1000 for NA. When coming up with a CSR initiative, ensure that the budget can be sustained over time without burdening the company. (0 for both stock issues and stock repurchase). Written by an Undefeated Business Strategy Game Grand Champion. They have all changed by +2%, just as you plugged it in. NEVER do this. Your competitors are most likely looking for this information too. 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 ? Global Top Performers But strategy wise I always sticked to my maximum net profit strategy which you can do no matter your competitors strategy. You will get the hang of it after the first few decision rounds as it is always the same procedure. There are tons of possibilities in the Business Strategy Game, and the wrong strategy in the wrong circumstance willCOST you the game. When contracting a celebrity, your advertising efforts in the Sales Forecast section should not be low. and L.A. volumes and finally plug them into the NA manufacturing slot. 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? . However, do not forget to calculate your possible additional expenses for your celebrities. gorilla on your side. So for the last year I didnt stick to the rule that the internet price has to be 40% higher than the wholesale price. Displaying corporate citizenship in a responsible and socially acceptable manner for not less than 4 years. It makes sense; the more ads you run, the more your celebrity endorsement will be seen and the more effective it is. 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. I let the rest remain the same in the entry. (Im adjusting for Y13 now). You will also receive a copy of Currency Made Simple. It took me years to learn this and it would take you years as well but,I know you dont have years. Yes, despite your competitors building capacity as well, I recommend increasing capacity in a reasonable amount. It will be, trust me. Economic Impact of Hurricane Harvey and Hurricane Irma, Temporary Oil Price Changes Hold Back Consumer Spending. You can either take out a 1-year, 5-year, or 10-year bank loan. That its always wise to start out on the right foot rather than try to pull yourself out of a financial nosedive. Thank you, Fin! Whether a member is suggesting a different. So far I have only build a 1000 EA plant and additional 500 NA plant. And Im so thankful for your post!!!!!!!! Any advice? 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! Here are factors to be considered before picking a celebrity. I would always encourage you to bid on available celebrities. You can only do one upgrade at a time in each region and a total of two updates per region. Virtonomics. Dave Mar Almost done, the last decision page. Learn tips & tricks, from a BSG Grand Master! Fin. 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). Write down each regions reject rates and add them up to the regions estimates sales volume. A business strategy game is an exercise that requires critical thinking and problem-solving skills, similar to what an entrepreneur may use while running their daily operations. I prioritize building additional capacity and purchasing plant upgrades. This can be a very tricky decision and you need to analyze your competitors prices. 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. Go ahead and try out which combination yields the highest profits. Celebrities will enhance your marketing efforts and help you sell more shoes. Do not sit on it. 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. For this blog post, I will concentrate on the high-quality + low model strategy. But again, thanks! 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. Again, try out each percentage for each region and set it to the percentage that yields the highest profits. 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. 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. 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. This would leave you with a bunch of shoes unsold. 2. Turn delivery time to four weeks because it has no noticeable effect on sales but significantly affects EPS and Net Profit. Obviously, the other teams and their decisions will play the biggest role in how you play the game, but this is a good starting point for how the game works and . SAVE TIME & PASS YOUR CLASS Amplify Your BSG Online Score: https://www.bsg-game.com/select-time Derek's "Pass Your Class Guarantee" . The private-label market is a very nice opportunity to gain an advantage off your competitors and take their market share. Select from a pool of diverse individuals who will bring in different opinions and perspectives to the team. Do not focus too much on Ending Cash, but keep focusing on Net Profit, try to increase that over each years. 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. 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. Every single member should be given the venue to express their thoughts clearly. 4. or A-P plant. Just plug in numbers and note down your net profit values. congrats on your success! The Models Offered estimate seems pretty fair and you do not have to worry about it. Hi Yvonne. I started with paying $0.05 dividends and increased it by $0.05 every year. But do whatever is necessary to maximize your profits. Thank you! 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. Finished top 3 the first time and we are currently in 2nd place through 5 weeks for our current simulation. Is your strategy also works for my situation? 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. I personally would not bid higher than $5,000 $6,000. Unused capacity kills your numbers and profits! Hi, youre welcome. Do this for all the four regions. 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. The celebrity should also be compatible with the product, for instance, a football player would be ideal for a sports shoe endorsement. So what are some of the qualifications you should be on the lookout for when picking your team? For only $35, get instant access to the Business Strategy Game Guide. Leave everything else unchanged. 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? Emerging on top of this simulation can be quite a challenge. For only $35, get instant access to the Business Strategy Game Guide. If your results in the first year are not too good, its not a big deal. 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! 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. What I like about my strategy is that you do not necessarily have to keep an eye on your competitors. Here is a chart again tho show you the process: If your regular production capacity is not sufficient, use overtime. Grow the stock price of your company's shares by at least 5% between the years 10 and 15. Before you even start plugging in any numbers, it is important that you decide for a strategy to pursue for the game. It might be tedious work and consumes a lot of time, but it will definitely worth it and will let you win the BSG. This means, you decide about the S/Q Rating of your branded pairs produced and your compensation and training for your employees. This site uses Akismet to reduce spam. This is because your competitors are adjusting and trying to find their strategy. sales volume estimate. I feel you. construction cost to be financed with debt. If it increases your profits, leave it at Yes, otherwise set it to No. Exactly. Any questions you have or any problems you encounter,you can get my expert advice asa BSG Grand Champion. One option that you definitely want to purchase is Option C. Option C increases your S/Q rating by 1 star. . Otherwise you will not sell any shoe either. I see this every semester, and you dont want it to be you. Do I need to change another setting on another page for this to remain positive? In this package you get TheUltimate BSG Solution Guidealong with theIndustry Champion video. Hi Fin, Thanks for the detail post and the screen shots. Focus on Net Profit, ROE (very important), Credit Rating, Image Rating is quite easy to control and also Stock Prices. It has not only won recognition and awards from top gaming media such as IGN and PC Gamer, but also from world-leading media including CNN and Discovery Channel.