The higher your celebrity endorsement value for a specific region, the more your advantage in attracting buyers to purchase your branded footwear. So having understood what the image rating of a company is based upon, how can you improve it? Ive created this website as a final project for an online marketing class (and to help me pick up an extra bar tab a month.) Complement each other. Some students even let it ride without making ANY decisions for years! Use the remaining 30% capacity to sell shows in private-label! 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. While your regional sales volume for the internet segment is a good estimate, the estimates for the wholesale segments are not. In Y12, I paid early payment 12,000k at 8.5% and continued borrowing 70,000k at 4.5% for 5-year). Here, you will decide for how much your shoe is going to sell. NEVER do this. But strategy wise I always sticked to my maximum net profit strategy which you can do no matter your competitors strategy. However, the private-label market is set up the way that only a limited demand is given each year. I was wondering how much more additional capacity that I should purchase after Ive bought the first 1000 for NA. 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). It is best to build only as much capacity as you can afford without taking any loans. If you add capacity it will show you the price. This can be a very tricky decision and you need to analyze your competitors prices. 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. It is all about trying out all possible combinations. Set Models Offered to 50 and Free Shipping to No. Waiting to buy them later will lead to an increase in their prices. Tips for Lowering Cost and Other Recommendations For Winning the Business Simulation Game Toggle the advertising spending to see the lowest cost at which the company can achieve the desired market share. I will explain soon, how to increase plant capacity and why we need the capacity for private label. thank you for your help. . 4. 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. I did not stock issues or issue purchase in the those years. Hi Dennis. 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. Thank you so much for the good recommendations. Develop a fictional startup in a choice of industries, playing in modes including entrepreneur, business war or Virtonomics tycoon. Your interest rates depend on your credit rating and the duration of your loan. In the first few years, this will be pretty difficult to determine. So what are some of the qualifications you should be on the lookout for when picking your team? 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. With this, they raised the global capacity to 30,000 when the potential global demand (including private label) is only 24,218. Hi! If you are completely new and your projected performance box is not showing yet, you have to click the Save Decisions button on the upper right-hand corner for the projected performance box to appear. Do not worry about those numbers, they will just show you whether your investment is profitable or not. Embedded in the magic numbers is a reinforced long-term money-saving strategy that will save you money every year forever! After clicking on the green Go to Decisions/Reports-button in the corporate lobby, you can see your profits in the lower left-hand corner. You have to dissect your competition and forecast their every move. Business Strategy Game - Capitalism Lab. 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. Hi Lee, I see this every semester, and you dont want it to be you. On this decision page, you can bid on celebrities. This Reddit is dedicated to help undergraduate and graduate students excel at the McGraw-Hill Business Strategy Game or BSG-Online. My guide follows the rule highest net profit is key to success. As always, do not forget to save your decisions after you are done. If youd like an overview of the content we publish, take a look here, and if youre interested in Glo-bus, start here. It was set Pay Dividends $1.00, which turned out 20,000k in total. This enhances the marketing efforts for the brand. Using this as a base strategy has yielded good results in my experiences. Again, trying out different combinations and optimizing net profits is key for these values. Select from a pool of diverse individuals who will bring in different opinions and perspectives to the team. I worried that another team would have stumbled onto your blog, but few people Google tips it seems! After you have done this for both the N.A. I know every strategy, secret, and tip you can possibly imagine about the Business Strategy Game, and Im willing to share them with you. Be cautious though: Do not only look at the percentage change in net profits, but also at the total value as the total value might change sometimes but the percentage change remains the same. Do not sit on it. I started with 250 models and S/Q rating of 5. Is your strategy also works for my situation? 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. Economic Impact of Hurricane Harvey and Hurricane Irma, Temporary Oil Price Changes Hold Back Consumer Spending. Weve solved EVERYTHING for you. R.O.E is the measure of the ability of a company to generate profit. Hence, you will only focus on the two following decisions that are worth their money as they increase your image rating the most. Let us move on to the tricky part of this decision page. and L.A. volumes and finally plug them into the NA manufacturing slot. Theres everything explained in detail. First, click on the Adjust Competitive Intensity button that can be found on the top middle of the page. The private-label market is a very nice opportunity to gain an advantage off your competitors and take their market share. Do this for all four regions. MyNewVideo Guide leaves nothing to the imagination. Copyright 2018 BGSTips.com | All rights reserved. To be an Industry Champion, you just have to beat your classmates but to be a Business Strategy Game Grand Champion you have to BEAT every single Industry Champion thats won the Business Strategy Game. Oh, how I wish I had known all this before I began playing. Your competitors are most likely looking for this information too. If it is 0%, that is fine as well, do not worry about it. Also, I suggest not decreasing your dividends. 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. 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. 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. However, my net profit is still negative even after i have adjusted the private-label. Economic Stages Part Three Riding the Recession, Glo-Bus Quiz 1 and Glo-Bus Quiz 2 Answers, New Glo-Bus Cameras and Drones Simulation, Instant Download,Email Support &Forum Access. I am the longest known active Business Strategy Game player with a career stretching back to 2006 and throughmultiple versions of BSG. However, there are still some other voluntary decision that will prepare you for future decisions. I still think its a waste to build a plant there, unless youre selling tons of shoes (high models, mid SQ). BSGTips.com is a proven guide (written by a Business Strategy Game Grand Champion) on how to win, not just how to play. Im glad I was able to help and good luck to you! Yes, its not too late yet to follow through with my tips. SAVE TIME & PASS YOUR CLASS Amplify Your BSG Online Score: https://www.bsg-game.com/select-time Derek's "Pass Your Class Guarantee" . 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. In the Private-Label Production field, use all your remaining available capacity, even overtime. Play with your numbers around and tweak them to generate maximum net profit. 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. First, set your Number of Models to 50, as determined earlier at the Sales Forecast page. So, why not win the Business Strategy Game and stop your worrying. Setting up a successful business requires time, money, a lot of hard work . update them with tips and food for thought from the paid guide. The C.I.R on the other hand will give you a deeper look into market share, S/Q ratings as well as price. With my help, tips, techniques, and strategies, your competition doesnt stand a chance! How Much Capacity Should My Company Have? For long term celebrity contracts and endorsement, bid for them in the early stages of the simulation. Should I decrease the pay dividends and do stock repurchase in Y13? Thats the highest achievement you can attain. 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. Weve heard countless horror stories of students not taking the BSG seriously and failing the course as a result. . gorilla on your side. 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? Those are LEARNING REFERENCES written bycommonplace Industry Champions, which teach you how toplay. Any thoughts? Ship all the other shoes for the Europe-African warehouses and the Asia-Pacific warehouses from the Asian-Pacific plant. Hi, To be a Business Strategy Game Grand Champion, you have to firmly understand every nitty-gritty little detail within the Business Strategy Game Manual. Any advice? In addition, your Retail Outlets values should always be the highest number possible that you are allowed to enter. Again, this can be trial and error for a couple of decisions but you should get a feeling for what multiplier is best for your company. Those that are already playing the BSG Online and perhaps want an edge over the competition. Let us take a look at the Plant Capacity / Upgrades page first. In the upper right box, you can spend your excessive cash. Hence, make sure to plug in every possible value to reach the highest net profit possible. you can SUCCEED in the Business Strategy Game by following my SIMPLE tips, advice, and strategies. I am having trouble getting my company back into the positive ending cash after taking out a loan. Free shipping will most likely not increase your profits. You basically determine and run the market. Were at the middle of the pack and wanted the best strategy to move up the ranks. Does it hurt any other factors? 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. I have experienced different behavior with bidding on celebrities. Just plug in numbers and note down your net profit values. I guarantee or your money back (with a 100% success rate so far) you'll win the game with the purchase of the guide. If you see little action on the celebrity market, go ahead and get your celebrities for the lowest price possible ($500). Do you have any suggestions? Hi, Displaying corporate citizenship in a responsible and socially acceptable manner for not less than 4 years. The decision is due tonight I am so nervous but the performance score so far looks good. These games often involve managing resources, making . For your company to stand out, it should ideally have an image rating of 70 and above. The first time I played, I did exactly what you are doing: researching the internet. The end result counts. Hi, thanks for the great strategy! Other teams in your industry wont stand a chance when you unleash the tactics we teach. Hello, thanks for the great strategy, it is working (1st place) ! My undergraduate business strategy teacher made us play the BSG-Online simulation for 40% of our grade. Those that havent played the BSG Online yet and are researching online for every advantage they can find. From experience Id say tho that it is already too late to adjust to my strategy presented. That being said, when you go with the strategy explained in my post, you will have maximized profits. Here, you are treated like a star. Beating the Business Strategy Game About the Guide. Your estimate of the industry average for the internet retail price does not change with your adjusted competitive that you set to +2% before. However, if you happen to use overtime at either of the two plants, plan on increasing the plants capacity in this decision round. 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. In this package you get TheUltimate BSG Solution Guidealong with theIndustry Champion video. After watching this comprehensive 75 minute video I haverecentlyfilmed, you will know exactly what you need to do to be successful. 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. you should repurchase stock whenever you can. If you have any questions, suggestions, or comments feel free to comment and I will do my best to help you out. What should I do for year 12 and 13? Okay. 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. 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. 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. I include tons of free information to give you a leg up on your classmates on my blogroll. How and when to buy celebrity endorsements at the BSG-Online. Any questions you have or any problems you encounter,you can get my expert advice asa BSG Grand Champion. Sorry for the late reply.. Been starting my new job and working a lot lately. Here are factors to be considered before picking a celebrity. Okay! Strategies, decision screens, reports and tests. You can only do one upgrade at a time in each region and a total of two updates per region. These are the tools you need to win BSG. After you have done this, you might notice that your Your Estimate of the Ind. 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. And I would not build another plant, rather increase capacity in the plants that you already built. Ideally, you can cut your employees wages and will increase profit. Im not talking about theory and how to play; Im talking about a proven system that helped me become Business Strategy Game Grand Champion. But do whatever is necessary to maximize your profits. 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. I was a poor undergraduate college student, too, at one point, and I understand your unwillingness to pay for an additional book. Based on the kind of approach you will use, you might find it useful to keep some of the costs low. Increase models? You possible might decrease your net profits with this, but it is definitely worth it and will pay off in the long-run. Grow the stock price of your company's shares by at least 5% between the years 10 and 15. I promise you my techniques and tips are fully replicable and have kept me theundefeatedall theseYears! For your company to be on the right track the R.O.E should be at least 15% annually. Learn tips & tricks, from a BSG Grand Master! Emerging on top of this simulation can be quite a challenge. So for the last year I didnt stick to the rule that the internet price has to be 40% higher than the wholesale price. Stick in your e-mail address, and the tips guide will be in your inbox instantly. It is a show to the investors whether their investment is performing well. To be an Industry Champion, you just have to beat your classmates but to be a Business Strategy Game Grand Champion you have to BEAT every single Industry Champion that's won the Business Strategy Game. My question is what if I decreased the pay dividends to $0.15 from $1.00? Aim to dominate at least a quarter of the market share in every geographical area of your companys operations. 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). I am in Y12, and I am adjusting for Y13. This has been very useful. Business strategy games are a type of computer or board game that simulates the decision-making processes involved in running a business. Thats a game changer!! When doing so, you have to plug in numbers for the assumptions section in the new window. Hello. After you have calculated your new regional wholesale sales volume, add the regional internet sales volume to it. 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. I'm back with this updated video full of helpful tips so you can tackle the. I will just adjust it first and see what happens, thanks a lot:). It makes sense to do the upgrade before adding capacity. Emerging on top of this simulation can be quite a challenge. ? 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). And it is pretty difficult for other teams to see what you are doing to them before it is too late. Repurchasing stock will boost both your EPS and ROE. Login Scroll Down Your browser does not support the video tag. However, after 3-4 years, your competitors will settle and changes will be more predictable. However, keep in mind that your regional endorsement value should not be higher than 400 in any region. No worries, it will be easier after the first few years. For all following decision rounds, you do not have to return to this page, as I advise you to always keep those two options and not change anything else on this page. . Ive played the Business Strategy Game many times through and have completely dominated my opponents every single round of every single game. Promise I wont have tons of question haha. Here are some of the best tips for accelerating your business. 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. You cannot afford to followsimple techniques and fail! Turn delivery time to four weeks because it has no noticeable effect on sales but significantly affects EPS and Net Profit. You need the capacity for the private label market. Do I need to change another setting on another page for this to remain positive? I cant seem to find it. I shut them down fast and knocked them out of the running. This will enable you to tap into the different unique abilities of each of the members thus strengthening your team. 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. The Business Strategy Game or BSG is a simulation game used by, different colleges for their Business capstone. Personally, I would do a higher SQ to start things out while you are building capacity to match the low quality-high model approach. So far I have only build a 1000 EA plant and additional 500 NA plant. 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. In the first years, the estimate of the industry average might be a little off the +2%. You will soon know why. I hope that helps and good luck! I highly recommend starting below with my free tips guide. A quick e-mail to your inbox. 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 . Purchasing capacity is 20% cheaper than building new capacity on your own. Yes, I would only add capacity onto existing plants and not build new plants. It has two components. According to the change, you can estimate the next years average industry internet price and plug it in. I am getting my butt kicked! 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! Yes, despite your competitors building capacity as well, I recommend increasing capacity in a reasonable amount. While those two values do not change your S/Q rating, they will change your net profits. Business simulation games allow you to experience certain aspects of running a business in a completely virtual, consequence-free environment. 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. Like I said before, you should be building capacity, yes. In any Business Strategy Game, including BizMAP, you will not get it 'right' in the first attempt. I usually have the highest net profit when setting Enhanced Styling / Features to $50k, TQM / Six Sigma Quality Program at around $0.70, and Best Practices Training at $5,000. They WILL work for you too and can adapt to EVERY situation. Selecting the members that will form your team is very crucial as you will be working together to ensure the success of your company. 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. Steal my conservative private label strategy that and immunize your company from bankruptcy. I would still go for the 50 models and make sure to buy or build capacity so you have enough for your private label. Thank you very much for your kind words! You can get BSG Game Help from experts who will guide you on how to win or top you game with the best Strategies.Visit BSG Game Help today and get professional guidance from BSG Experts. Learn 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. I personally would not bid higher than $5,000 $6,000. Strategy 1 - Align simulation with learning objectives. I am a Business Strategy Game Grand Champion. 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. No spam. The celebrity should also be compatible with the product, for instance, a football player would be ideal for a sports shoe endorsement. With our strategy in mind, I would recommend addition capacity to already existing plants rather than constructing a plant in a new region. After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. Worst case, all the demand is already satisfied in your region before your shoes at a certain price is being considered. The guide also features step by step instructions in how to manage decision screens in making the best decision. Having an increased S/Q rating and lower prices boosts the image of the company positively. Or you have read it but still do not know what strategy to pursue or what is going on? The Business Strategy Game BSG is a PC-based exercise designed to mirror the real-world features of the competitive athletic footwear industry. 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). You are almost done for the Sales Forecast decision page. Always keep that in mind when formulating your strategies and leave room for adjustment where necessary. With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. Go ahead and try out which combination yields the highest profits. As a Business Strategy Game Grand Champion, I have been responsible for burying many Industry Champion competitors and I have to say, its not hard. Do not worry about the Plant Capacity / Upgrades page. Be in it for the long haul Then, after a lot thought on the matter, I devised an easy method for taking full advantage of currency fluctuations. 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. Hence, keep track of the industrys internet price and how it changes. I am currently dominating my industry, and closing in on the top 100 list! So I run into problem again! From this highest whole dollar amount, I plug in every possible value around it and find the price that yields the highest net profit. Thanks a lot! More than often they drone on and on about BSG, to the point, its barely relevant toimpress you with abunch of words. Can you tell us more about the strategy you had ? And you said I should only add capacity onto existing ones instead of building a new one in LA right?
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