You almost can never have enough capacity because what you dont sell in branded, you can sell in private label and dumb prices there and take away your competitors market share. Everyone has the same advantage as the team next to them. Advantage of this is, that you dont have to pay too much attention to your competitors. Max OUTyour production with the high quality shoes at the lowest possible cost. I have also included a Special 30 minuteAudio Companion for the Magic Numbers that is great for Year 11 starters! 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. Which wholesale are you referring to? Definitely helps! It covers in detail all of the strategies, concepts, software features and tricks necessary to win the McGraw-Hill Business Strategy Game. Optimizing your values is the essence of the game, even though it might be very time-consuming. You have successfully adjusted to your competitors. is it because I need to add capacity? I will explain soon, how to increase plant capacity and why we need the capacity for private label. 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. The Business Strategy Game - Competing in a Global Marketplace Using a game strategy to push a business forward is a different approach, but it has been proven successful for many. 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. Waiting to buy them later will lead to an increase in their prices. If you found your highest value for the best net profit, move on to the next value and do the same. Tips on How to Win the Business Strategy Game (BSG) - Top Academic Writers You want to setEthics Training / Enforcement to All Employees and Workforce Diversity Program to Yes. That combined will give you a good boost for the last year. When doing so, you have to plug in numbers for the assumptions section in the new window. 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. 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. There should be a balance. 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. However, if done right, it is worth the time as it will yield the maximum profit possible and success in your industry. 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. On this page, you will optimize your entries and toggle each value until your reach the maximum profit possible for each entry. Here is a chart again tho show you the process: If your regular production capacity is not sufficient, use overtime. Business Strategy Game player with a career stretching back to 2006 and throughmultiple versions of BSG. Do the same for your E-A and A-P volumes and plug them into the A-P manufacturing slot. From experience Id say tho that it is already too late to adjust to my strategy presented. The first is the paid guide. In addition, you have the option to repurchase your stock. 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. You are now done with your private-label decisions and all significant decisions that affect your net profits. First, set your Number of Models to 50, as determined earlier at the Sales Forecast page. Im glad I was able to help and good luck to you! Aim to dominate at least a quarter of the market share in every geographical area of your companys operations. I guarantee or your money back (with a 100% success rate so far) you'll win the game with the purchase of the guide. 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. Start Here: The Business Strategy Game Guide Site Map Increase models? My guide follows the rule highest net profit is key to success. I was thinking about building a LA plant because I took the majority of private label there last year. However, do not forget to calculate your possible additional expenses for your celebrities. Repurchasing stock will boost both your EPS and ROE. as I described in my post, Id go with the low models, maximum profit strategy as it is easy to follow and you determine the market. I have encountered two successful strategies so far: medium-quality shoes (S/Q rating of 5-6 stars) paired with high number of models (250-350 models) and high-quality shoes (S/Q rating of 8-10 stars) paired with low number of models (50 models). Set your price to whatever maximizes your profits. So, multiply your sales volume for the wholesale segment for each region by 1.2. However, try your best. Im an excel and math geek and started to break the game down and understand it on a deep level. The value that yields the highest profit value is the one you want to go with for this decision round. Yeah I had that in the first weeks as well. Your interest rates depend on your credit rating and the duration of your loan. Aim for a higher credit rating of B+ or above. This is why building additional capacity is so important. Again, try out each percentage for each region and set it to the percentage that yields the highest profits. 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! Sorry for the late reply.. Been starting my new job and working a lot lately. If Im wrong, Ill post another comment. The information is these guides is laid out, and displayed, in such a way . 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. Hence, make sure to plug in every possible value to reach the highest net profit possible. 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. Regardless of your scenario,having BSG Tips in your corner is like having an 800 lb. You said that the internet price should be 40% above wholesale. I am in a box where every move I make to lower cost or shift production lowers my EPS or credit rating. In this package you get TheUltimate BSG Solution Guidealong with theIndustry Champion video. Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. My direct competitor is now selling 8 stars with more than 400 models in wholesale so I think i will be at a even better position selling 50 models. thank you:). What I like about my strategy is that you do not necessarily have to keep an eye on your competitors. Do you have any suggestions? 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. 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. While being in every market is a goal of a successful multinational company. You will get the hang of it after the first few decision rounds as it is always the same procedure. In this section, you can upgrade your plants. If you have more cash available, go ahead and spend it for either one of the other options. My group and I are about to complete year 17 for the game. Especially with our high quality and low models strategy, this will be very beneficial and will safe you some money. Exactly. Does it affect any other factors? The BSG Ultimate Solution isTHE ONLYGUARANTEEDone-way ticket to winning the BSG. Weve heard countless horror stories of students not taking the BSG seriously and failing the course as a result. You always want to make sure that you produce your sales volume for N.A. 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. It is important to toggle your values and find the best combination to maximize your net profit. However, I would recommend not taking out any loan if possible. Like I explained in my blog post, do everything that is necessary to increase and maximize your net profits. Also, I suggest not decreasing your dividends. 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. On this decision page, you can bid on celebrities. After a couple of decision rounds, you will get a feeling for it and it will become easier, no worries. The Business Strategy Game BSG is a PC-based exercise designed to mirror the real-world features of the competitive athletic footwear industry. Well some Industry Champions have such an easy time winning because the people theyre going up against simply didnt care about the BSG. Skip the fancy words so many other guides drone on about BSG, andget down to real execution of business strategy. This is extremely easy and if thats all you want, then grab The Ultimate BSG Solution right now and guarantee your success. The profits of controlling the industry will help you win the business strategy game. This isthe lazy wayof winning the Business Strategy Game and requires very little knowledge and effort on your part. 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. Thank you, Fin! Setting up a successful business requires time, money, a lot of hard work . Learn More Before you even start plugging in any numbers, it is important that you decide for a strategy to pursue for the game. So when following the steps described above, you will have positive ending cash really soon again. As already mentioned earlier, not every decision has to make sense. This is where consumers get the best quality of footwear at the lowest possible price, therefore ensuring value for their money. I know every strategy, secret, and tip you can possibly imagine about the Business Strategy Game, and Im willing to share them with you. 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. Yes, despite your competitors building capacity as well, I recommend increasing capacity in a reasonable amount. Business Strategy Game (BSG) Helpful Tips!!! - YouTube Set Models Offered to 50 and Free Shipping to No. 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. Can you tell us more about the strategy you had ? Some students even let it ride without making ANY decisions for years! 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. You have to dissect your competition and forecast their every move. Avg. values have changed. 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 feel you. After you have done this, you might notice that your Your Estimate of the Ind. Written by an Undefeated Business Strategy Game Grand Champion. Let me know if you have any more questions. You will also receive a copy of Currency Made Simple. BeatBSG: Beat The Business Strategy Game 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). 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. 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. 4. On BSGTips, we have an email service and forum to handle any support issues you may have. Ive turned dead-last severely bankrupt companies into Industry Champions with just two years left in the game. 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. If for whatever reason you arent satisfied with the guide, return it anytime for a full refund. It is definitely around 1.2 though and I recommend starting off with this value. However, it will also decrease your ending cash. Dont let them beat you to it or you simply wont stand achance. However, if you happen to use overtime at either of the two plants, plan on increasing the plants capacity in this decision round. But this year the shipping is too high from AP to LA so I cannot make any money from LA. However, when pricing your shoes, keep in mind to set the price at least $5 below the wholesale price average. The information is these . Hence, try to keep your internet price at least 40% higher than your wholesale price. I worried that another team would have stumbled onto your blog, but few people Google tips it seems! I hope that helps and good luck! Thank you so much for the good recommendations. Let us move on to the tricky part of this decision page. The two most important values you want to have as precisely estimated as possible are the industrys average wholesale price and S/Q rating. or A-P plant. 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. 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? And Im so thankful for your post!!!!!!!! Hello, thanks for the great strategy, it is working (1st place) ! It sometimes works. 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%. (Im adjusting for Y13 now). Based on the kind of approach you will use, you might find it useful to keep some of the costs low. Hi, Im glad to hear that it helped! The market share, which can be increased by: increased advertising, extensive market research, checking out the competition, and most importantly understanding the needs of your customers. The most important advice in advance: it is all about PROFIT. Be in it for the long haul (In Y11, I did the 5-year loan with 12,000k (7% interest). Beat the Business Strategy Game. Develop a fictional startup in a choice of industries, playing in modes including entrepreneur, business war or Virtonomics tycoon. Five years ago, I was sitting in a similar situation as you. Fin. 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? This is probably the most important decision entry page in the game and you will be spending most of your time here. Those are LEARNING REFERENCES written bycommonplace Industry Champions, which teach you how toplay. This will save you money in the long run and at the same time boost your credit rating positively. The higher your celebrity endorsement value for a specific region, the more your advantage in attracting buyers to purchase your branded footwear. 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. 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. 2. I am so thankful for your post!!!!!!!!!!!! SAVE TIME & PASS YOUR CLASS Amplify Your BSG Online Score: https://www.bsg-game.com/select-time Derek's "Pass Your Class Guarantee" . 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. construction cost to be financed with debt. Hi, Do this for all the four regions. Use of my strategy creates a landslide effect that, as you can see, is very devastating to all opponents. . and A-P plant, focus on your Total Branded Production Needed to Achieve Year XX Sales Forecast section on the lower half of the page. 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. I still think its a waste to build a plant there, unless youre selling tons of shoes (high models, mid SQ). You basically do the same thing over and over again, for every decision round. Dave Mar ? 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). These simulation games can help you develop hard. Theguide will show you how to make your company lean and agile to cope with the industrys marketplace.
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