Well some Industry Champions have such an easy time winning because the people theyre going up against simply didnt care about the BSG. The Business Strategy Game or BSG is a simulation game used by, different colleges for their Business capstone. Hence, find the combination that gives you the highest profit. The knowledge to exasperate competitor weaknesses and curb competitor strengths lies in the strategic knowledge in the model. 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. How To Win A Business Simulation Game? Dont be fooled by Cheap imitation Business Strategy Game guides you might see online. Is there a strategy that will always win? I started with paying $0.05 dividends and increased it by $0.05 every year. (meaning I decreases it from $1.00 to $0.15). So having understood what the image rating of a company is based upon, how can you improve it? For further explanation, please read my blog post. Do you know why is that? However, if you happen to use overtime at either of the two plants, plan on increasing the plants capacity in this decision round. In the upper right box, you can spend your excessive cash. For only $35, get instant access to the Business Strategy Game Guide. To be a Business Strategy Game Grand Champion, you have to firmly understand every nitty-gritty little detail within the Business Strategy Game Manual. To boost earnings per share (E.P.S) you can use the cash at hand to retire and repurchase any outstanding shares. I am currently dominating my industry, and closing in on the top 100 list! 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. This is because your competitors are adjusting and trying to find their strategy. Players must make decisions to build brand loyalty by improving . While your regional sales volume for the internet segment is a good estimate, the estimates for the wholesale segments are not. When starting the BSG, you have two long-term loans; one for 5 years, the other one for 10 years. One time, I was able to increase my net profit by lowering TQM / Six Sigma Quality Program to $0.20 and increasing Percentage of Superior Materials to maintain my S/Q Rating. When you are deciding whether to upgrade your plant capacity, time is an essential factor. Best Business Simulation Games of 2022 - Business News Daily Hello. 39K views 1 year ago #businessstrategygame Here is my ultimate guide to help you ace the Business Strategy Game. Some business simulation games actually put you in the position of a business owner, but others have varying storylines or themes that let players hone these skills in . After watching this comprehensive 75 minute video I haverecentlyfilmed, you will know exactly what you need to do to be successful. In Y12, I paid early payment 12,000k at 8.5% and continued borrowing 70,000k at 4.5% for 5-year). Or you have read it but still do not know what strategy to pursue or what is going on? of what decision year youre in, how bankrupt you are, or if your company is dead last right now . 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. Advantage of this is, that you dont have to pay too much attention to your competitors. 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. You are playing the BSG but do not want to read the 35-page Players Manual? This enhances the marketing efforts for the brand. You always want to make sure that you produce your sales volume for N.A. If you have any questions, suggestions, or comments feel free to comment and I will do my best to help you out. While +2% might now always be spot on, I have made the best experience with it so far. Tips on How to Win the Business Strategy Game (BSG) - Top Academic Writers You basically determine and run the market. 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. Set Models Offered to 50 and Free Shipping to No. Learn how your comment data is processed. Im playing the new version of the game, and your guide has worked perfectly for the first two years! is it because I need to add capacity? Because with more capacity, you can offer more pairs in private label and dominate the market there. You can also pay dividends to your shareholders. Hi Yvonne. You will soon know why. and L.A. in North America to reduce costs because ofNAFTA. 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. Those are LEARNING REFERENCES written bycommonplace Industry Champions, which teach you how toplay. congrats on your success! What should I do in this case? Let me ask you this. You will get the hang of it after the first few decision rounds as it is always the same procedure. 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 update them with tips and food for thought from the paid guide. They have all changed by +2%, just as you plugged it in. This is also linked to having production facilities in that market to support it. On this screen, you can handle your financial decisions for your company. You cannot afford to followsimple techniques and fail! Try out each and every value and note down the highest net profit values. I now have another question about capacity. This means, you have a channel conflict, meaning that your Retail Outlets number will decrease in the next year and less retailers are willing to sell your shoes. I am so thankful for your post!!!!!!!!!!!! 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. 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. I did not stock issues or issue purchase in the those years. . And it is pretty difficult for other teams to see what you are doing to them before it is too late. Hi! And you said I should only add capacity onto existing ones instead of building a new one in LA right? Here, you are treated like a star. 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. Hi, Furthermore, I spent all my cash on hand for dividends and stock repurchase to increase my ROE and EPS as much as possible. Be in it for the long haul 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. 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. 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. 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. In the upper left box, you have available sources of additional cash. The most important advice in advance: it is all about PROFIT. It didnt matter how competitive they were, how motivated they were, or whether they were Industry Champions. I will walk you through each page chronologically. 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? You need the capacity for the private label market. The celebrity should also be compatible with the product, for instance, a football player would be ideal for a sports shoe endorsement. (Im adjusting for Y13 now). Any thoughts? If Im wrong, Ill post another comment. Contact the Grand Championand Learn more about the BSG. Sure, you can ask anytime 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. This site uses Akismet to reduce spam. More than often they drone on and on about BSG, to the point, its barely relevant toimpress you with abunch of words. 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). Again, maximizing net profit is all you care about with our strategy determined at the beginning. If you have more cash available, go ahead and spend it for either one of the other options. Aim for a higher credit rating of B+ or above. Unused capacity kills your numbers and profits! ? 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). Before you even start plugging in any numbers, it is important that you decide for a strategy to pursue for the game. Pay attention to the plant upgrade options as well. Strategies, decision screens, reports and tests. 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. Repurchasing stock will boost both your EPS and ROE. Like I said before, you should be building capacity, yes. On this page, you will optimize your entries and toggle each value until your reach the maximum profit possible for each entry. But this year the shipping is too high from AP to LA so I cannot make any money from LA. I shut them down fast and knocked them out of the running. . 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. I recommend increasing capacity and keep focusing on your profits. Tips on How to Win the Business Strategy Game (BSG) 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. Do not worry about me skipping the Internet Marketing, Wholesale Marketing, and Celebrity Endorsements pages. No worries, this is logical and you did nothing wrong. . This has been very useful. So I run into problem again! You need your capacity and it is never a good idea to sell your existing capacity. The private-label sector is something you do not want to miss out on, especially with our high quality, low models strategy. Learn tips & tricks, from a BSG Grand Master! BeatBSG: Beat The Business Strategy Game To do so, first plug in your N.A. And should I do stock repurchase this year? It sometimes works. Hence, you will only focus on the two following decisions that are worth their money as they increase your image rating the most. As I played the game, I discovered that I could use some fairly simple math to massively increase my game score. On this decision page, you can bid on celebrities. I guess because i grew too fast last week, this weeks net profit is negative (I didnt make any adjustment yet). $50.66 but $50.67 gives you higher profits, go for the higher prices. In any Business Strategy Game, including BizMAP, you will not get it 'right' in the first attempt. If not, see what positive percentage yields the highest profit for you. I never really watched my EPS or credit rating (ofc credit rating should be a B at least). After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. I would recommend purchasing the upgrade for both of your plants within the first four years. 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? It will be very helpful for us and will be very grateful Do you still have your upload reports of all your years ? 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! BSG Game Help - Business Strategy Game Online Tutoring Ive turned dead-last severely bankrupt companies into Industry Champions with just two years left in the game. If for whatever reason you arent satisfied with the guide, return it anytime for a full refund. You are now done with your private-label decisions and all significant decisions that affect your net profits. Were at the middle of the pack and wanted the best strategy to move up the ranks. Here are a few things to give you confidence in us: Our guide & coaching took every customer to 1st or 2nd place utilizing the guide. Aim to dominate at least a quarter of the market share in every geographical area of your companys operations. 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%. Let us take a look at the Plant Capacity / Upgrades page first. There is a huge difference of learningHow To Winand learning the basics of the game. The Business Strategy Game - Competing in a Global Marketplace Develop a fictional startup in a choice of industries, playing in modes including entrepreneur, business war or Virtonomics tycoon. Select +2% for the Percent Change in Competitive Impact of All Other Factors from Previous Year. Weve solved EVERYTHING for you. My guide follows the rule highest net profit is key to success. Hence, try to keep your internet price at least 40% higher than your wholesale price. By employing the best cost strategy. You might think that using green footwear materials or using recycled boxing / packaging is a good decision, especially with the currently ongoing environmental debates. Hi, youre welcome. Every single member should be given the venue to express their thoughts clearly. and why do I want it? You should pay attention that your S/Q Rating of Branded Pairs Produced matches your value on the Sales Forecast page. Business Strategy Game Tips Guide Introduction Video These are some of the tips you can use to win the business strategy game. 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. It will be, trust me. Should I continue expanding NA or AP and by how much? Thank you so much for your suggestion! 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. For only $35, get instant access to the Business Strategy Game Guide. This would leave you with a bunch of shoes unsold. I hope that helps and good luck! You should slightly increase your dividends year by year. Hello. 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. Choosing the correct financial approach, among other things, made a huge difference. Looking at the North America column, you now have to plug in your values for Wholesale Price, S/Q Rating, Models Available, etc. You now need the forecasted Regional Sales Volume for both the Internet Segments and Wholesale Segments in all four regions that you wrote down earlier. On this page, you will set your values for your branded production. Worst case, all the demand is already satisfied in your region before your shoes at a certain price is being considered. 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. that helped me become Business Strategy Game Grand Champion. Market share is not crucial for your success in the BSG, but profit is. Period. Similar to the branded production, try out the different values to see which combination will give you the lowest Average Production Cost value for your plant and hence, the highest profits. 1. Let me walk you through the various decision pages and explain you how to optimize each entry. Otherwise, their endorsement effect declines. In addition, the company resembles an athletic footwear company with plant operations instead of outsourcing . Sometimes, clearing your beginning inventory at a discount will boost your profits. Currently, were selling 150 models. However, it will also decrease your ending cash. So far I have only build a 1000 EA plant and additional 500 NA plant. 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. You will also receive a copy of Currency Made Simple. If you add capacity it will show you the price. 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. Private label will help you dominate your competition. After you have done this, you might notice that your Your Estimate of the Ind. Do this for all the four regions. Thanks! Strategy and Execution is your shield and sword for Conquering the Industry. If you have any questions, feel free to come back and ask them. So, multiply your sales volume for the wholesale segment for each region by 1.2. 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. And profit is what the game is all about. Now, decide to which region you want to ship your private-label shoes. The fact that you are looking for help mean. Switch between different advertising budgets to see which strategy will be the most cost-effective to capture the target market at the best price. Start Here: The Business Strategy Game Guide Site Map (In Y11, I did the 5-year loan with 12,000k (7% interest). But the plant page did say not recommend to build the plant so I was hesitating. Play the game multiple times and try to refine your strategies and entrepreneurial skills with each attempt. PDF The Business Strategy Game - California State University, Northridge Increase S/Q ratings? 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). Theres everything explained in detail. The ULTIMATE Business Strategy Game (BSG) Guide Tutorial - 2022 I would still go for the 50 models and make sure to buy or build capacity so you have enough for your private label. Yes, I am talking about the www.bsg-online.com for 2023. im at year 17 and perfect score twice, 1st in last 3 years and 2nd twice. Grow the stock price of your company's shares by at least 5% between the years 10 and 15. 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). 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%. NEVER do this. 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 . Here, you will plug in your previously calculated regional total sales volume for each region. I prioritize building additional capacity and purchasing plant upgrades. 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. 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. Theres not right amount of capacity you should purchase. I daily (thank you, Hootsuite, for making it so easy!) Other teams in your industry wont stand a chance when you unleash the tactics we teach. How did your 2nd decision go? I see this every semester, and you dont want it to be you. 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. 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. Im giving away adeadly secretinsideMagic Year 11 Secrets Revealedthat will make a person number 1 almost no matter what. Skip the fancy words so many other guides drone on about BSG, andget down to real execution of business strategy. However, you should keep on thing in mind: Your internet price should ideally be 40% higher than your wholesale price. Business Strategy Game Tips & Lessons Learned - YouTube At the lower half of the page, you also determine how many branded pairs you want to manufacture in each region you have a plant. You have to dissect your competition and forecast their every move. Let me know if you have any more questions. 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. While being in every market is a goal of a successful multinational company. update them with tips and food for thought from the paid guide. construction cost to be financed with debt. The guide also features step by step instructions in how to manage decision screens in making the best decision. Paying off these loans in advance has the advantage that you will pay less interest over the coming years. Entering year 15 I am still doing 8 star but the demand forecast is super low. The information is these guides is laid out, and displayed, in such a way . The Models Offered estimate seems pretty fair and you do not have to worry about it. So for the last year I didnt stick to the rule that the internet price has to be 40% higher than the wholesale price. my advice would be to read my guide and follow the steps. You possible might decrease your net profits with this, but it is definitely worth it and will pay off in the long-run. The profits of controlling the industry will help you win the business strategy game. I have extra capacity in the LA plant (worst place to ship from to any place outside of LA) which I tried to sell off. If it increases your profits, leave it at Yes, otherwise set it to No. However, you can successfully apply most of the following tips to either strategy. Most Industry competitorsarentable to replicate high results when they face tougher opponentsand have asimpleunderstanding of the Business Strategy Game. I cannot make any money there. From experience Id say tho that it is already too late to adjust to my strategy presented. . The BSG tends to underestimate those values by about 20% and hence, you need to correct them for a more precise estimate. After you have found the right price, click the Save Decisions button. One option that you definitely want to purchase is Option C. Option C increases your S/Q rating by 1 star. Setting up a successful business requires time, money, a lot of hard work . With my help, tips, techniques, and strategies, your competition doesnt stand a chance! With more inventory, however, you can put more shoes into private label which is a really important aspect of the game. Do not worry about the Plant Capacity / Upgrades page. Thats the highest achievement you can attain. You said that the internet price should be 40% above wholesale. I am a Business Strategy Game Grand Champion. Order now. 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. Make sure the celebrity is suitable in the geographical region you want them to endorse your shoes. 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. It almost worked TOO WELL. We are reaching the last decision round and would like some hints on how to boost net profits for the last year and gain some extra points. You can still ship pairs from LA to somewhere else if needed. What I like about my strategy is that you do not necessarily have to keep an eye on your competitors. I promise you my techniques and tips are fully replicable and have kept me theundefeatedall theseYears! 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. 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. Here are factors to be considered before picking a celebrity. However, do not rely on those values. And I would not build another plant, rather increase capacity in the plants that you already built. Do I need to change another setting on another page for this to remain positive? However, it will also decrease your ending cash. Profit is the key to success in this game! In this package you get TheUltimate BSG Solution Guidealong with theIndustry Champion video. 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. 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. You now have an estimate of how many shoes you are going to sell in each region. Emerging on top of this simulation can be quite a challenge. 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. Make all the decisions tactfully and base them all on research and not emotion. 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. So, play around and find the best combination for your given S/Q rating that yields the highest net profit. This means, you decide about the S/Q Rating of your branded pairs produced and your compensation and training for your employees. I would always encourage you to bid on available celebrities. Do this for all four regions. Ive played the Business Strategy Game many times through and have completely dominated my opponents every single round of every single game.