Yeah I will hold on to that for now. You have successfully adjusted to your competitors. The best part is that, after it is in place for 3 or more rounds of play, the effects become almost irreversible. However, I would recommend not taking out any loan if possible. Grow the stock price of your company's shares by at least 5% between the years 10 and 15. There is a huge difference of learningHow To Winand learning the basics of the game. I did not stock issues or issue purchase in the those years. Download Magic Year 11 Secrets Revealed NOW. Instantly Jump Your Business Strategy Game Score 10 Points for FREE! AcquireThe Edgethat separates aGrand Championfrom an Industry Champion. 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. After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. More capacity also brings down your costs. Created Oct 30, 2013 Restricted 753 Members 5 Online Moderators Moderator list hidden. Paying off these loans in advance has the advantage that you will pay less interest over the coming years. The celebrity should also be compatible with the product, for instance, a football player would be ideal for a sports shoe endorsement. Like I explained in my blog post, do everything that is necessary to increase and maximize your net profits. I prioritize building additional capacity and purchasing plant upgrades. I started with paying $0.05 dividends and increased it by $0.05 every year. I guess because i grew too fast last week, this weeks net profit is negative (I didnt make any adjustment yet). For only $35, get instant access to the Business Strategy Game Guide. Every single member should be given the venue to express their thoughts clearly. 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. 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 include tons of free information to give you a leg up on your classmates on my blogroll. 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. This decision page deals with your plants. Everything else like earnings per share (EPS), return on equity (REO), and image rating (IR) will automatically follow. I adjusted a little bit and the forecast is now close to previous years. So I have plant in NA, EA and AP, but right now I am only using 70% of the capacity because the demand is quite small for me. In this package you get TheUltimate BSG Solution Guidealong with theIndustry Champion video. Hence, you will only focus on the two following decisions that are worth their money as they increase your image rating the most. Market share is not crucial for your success in the BSG, but profit is. While they might boost your image rating, they will decrease your profit. 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. I suggest to go for maximum profits. I am on my second year and I have negative income right now, any tips on how to get in the positive? 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. The second part is the free site resources. 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 believe it varies based on your games situation. Beat the Business Strategy Game. If it increases your profits, leave it at Yes, otherwise set it to No. I'm back with this updated video full of helpful tips so you can tackle the. As I played the game, I discovered that I could use some fairly simple math to massively increase my game score. Use the remaining 30% capacity to sell shows in private-label! However, there are still some other voluntary decision that will prepare you for future decisions. Hi Dennis. This is because your competitors are adjusting and trying to find their strategy. The Business Strategy Game is a real world - real life management simulator where students BSG login to learn about essential business concepts like cost focused strategy, broad differentiation strategy, generic strategy, focused differentitation strategy, and low cost strategy. It will be very helpful for us and will be very grateful Do you still have your upload reports of all your years ? After you have done this for both the N.A. If I have further questions do you mind I ask you for help? . If your results in the first year are not too good, its not a big deal. What will I get for my $48? So having understood what the image rating of a company is based upon, how can you improve it? Pay loans faster. After you have found the right price, click the Save Decisions button. You need to get confidential,accurate,comprehensive, andreliablyup to dateinformation from a trusted andPROVENBusiness Strategy Game source. 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. What I like about my strategy is that you do not necessarily have to keep an eye on your competitors. 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. Contact the Grand Championand Learn more about the BSG. Embedded in the magic numbers is a reinforced long-term money-saving strategy that will save you money every year forever! Five years ago, I was sitting in a similar situation as you. Here, you have the opportunity to sell your existing capacity. Profit is the key to success in this game! Hi, youre welcome. I wish you the best of luck for your game. Thank you so much for the good recommendations. 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. Business strategy games are a type of computer or board game that simulates the decision-making processes involved in running a business. 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. So for the last year I didnt stick to the rule that the internet price has to be 40% higher than the wholesale price. The same accounts for your Change in Annual Base Wages and Incentive Pay values. As much as expansion is important to the lifeblood of a company, if you are faced with a situation of people rapidly building a lot of capacity. My team and I started the game with minimal knowledge and flailed for the first three decision rounds. Does it hurt any other factors? Ideally, you can cut your employees wages and will increase profit. Every game in the Business Strategy Game starts out the same. Based on the kind of approach you will use, you might find it useful to keep some of the costs low. However, if you happen to use overtime at either of the two plants, plan on increasing the plants capacity in this decision round. So far I have only build a 1000 EA plant and additional 500 NA plant. I dont know why the game suddenly changed your numbers but I recommend using every last bit of your capacity. I now have another question about capacity. Your Delivery Time should be set to 3 weeks. 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. Here, you will plug in your previously calculated regional total sales volume for each region. 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. 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. Is it too late to reduce that to 50 as you suggested in your recommendation? The BSG Ultimate Solution isTHE ONLYGUARANTEEDone-way ticket to winning the BSG. SAVE TIME & PASS YOUR CLASS Amplify Your BSG Online Score: https://www.bsg-game.com/select-time Derek's "Pass Your Class Guarantee" . If this is still not enough, add the missing shoes to the other plants Branded Pairs to be Manufactured in Year XX number. Do this for all the four regions. Some students even let it ride without making ANY decisions for years! It didnt matter how competitive they were, how motivated they were, or whether they were Industry Champions. Let me ask you this. Strategies, decision screens, reports and tests. Global Top Performers Using this as a base strategy has yielded good results in my experiences. Most of the decisions you can make here are a waste of money and will not benefit your company. However, do not price your shoes too high, so that your competitors have a lower price than you and will sell their shoes first. Your numbers might be a little bit off due to the reject rates. You need the capacity for the private label market. However, if done right, it is worth the time as it will yield the maximum profit possible and success in your industry. It covers in detail all of the strategies, concepts, software features and tricks necessary to win the McGraw-Hill Business Strategy Game. How Much Capacity Should My Company Have? Hi, thanks for the great strategy! While those two values do not change your S/Q rating, they will change your net profits. im at year 17 and perfect score twice, 1st in last 3 years and 2nd twice. So when following the steps described above, you will have positive ending cash really soon again. To do so, first plug in your N.A. You can still ship pairs from LA to somewhere else if needed. For further explanation, please read my blog post. In the upper left box, you have available sources of additional cash. Leave everything else unchanged. Do not worry about those numbers, they will just show you whether your investment is profitable or not. However, do not rely on those values. What should I do in this case? You are almost done for the Sales Forecast decision page. The value that yields the highest profit value is the one you want to go with for this decision round. The first is the paid guide. 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. You always want to make sure that you produce your sales volume for N.A. The styling/quality (S/Q) ratio of the business venture in the different geographic locations they operate in. 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. 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. I am having trouble getting my company back into the positive ending cash after taking out a loan. . How to solves this situation ,have you given us any suggestion. Again, maximizing net profit is all you care about with our strategy determined at the beginning. unfortunately I have no experience with adjusting to my strategy in the late-game. Ship all the other shoes for the Europe-African warehouses and the Asia-Pacific warehouses from the Asian-Pacific plant. Hi. 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. Could you win the Business Strategy Game against a bunch of 5th graders? Hi Lee, (Im adjusting for Y13 now). If you demand for branded production is met, put everything else into private label to make sure you dont have unused capacity. Now, I am worried about the future rounds. In this article, you will explore some of the strategies and tips that should be employed to boost your winning chances. This is extremely easy and if thats all you want, then grab The Ultimate BSG Solution right now and guarantee your success. For your company to be on the right track the R.O.E should be at least 15% annually. Try out each and every value and note down the highest net profit values. Almost done, the last decision page. Hi, Im glad to hear that it helped! Ive turned dead-last severely bankrupt companies into Industry Champions with just two years left in the game. But it is definitely worth it. Oh, how I wish I had known all this before I began playing. Thats the highest achievement you can attain. Which is better, cost leadership, integration, or differentiation? How important is image? You can also pay dividends to your shareholders. After you have calculated your new regional wholesale sales volume, add the regional internet sales volume to it. Virtonomics. If you add capacity it will show you the price. Currently, were selling 150 models. I have also included a Special 30 minuteAudio Companion for the Magic Numbers that is great for Year 11 starters! 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. I am in a box where every move I make to lower cost or shift production lowers my EPS or credit rating. Try and set it to Yes. Your estimate of the industry average for the internet retail price does not change with your adjusted competitive that you set to +2% before. Be in it for the long haul Business strategy game. 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. (meaning I decreases it from $1.00 to $0.15). I would always encourage you to bid on available celebrities. Once you have enough capacity then switch to low SQ approach. 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. 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. Pay attention to the plant upgrade options as well. Sorry for the late reply.. Been starting my new job and working a lot lately. It is all about trying out all possible combinations. I like to have around $8-10 million ending cash available after all my decisions are made. Whether a member is suggesting a different. Looking at the North America column, you now have to plug in your values for Wholesale Price, S/Q Rating, Models Available, etc. Emerging on top of this simulation can be quite a challenge. My undergraduate business strategy teacher made us play the BSG-Online simulation for 40% of our grade. So the question is: would you recommend for my team to still increase capacity despite this fact? In this multiplayer business simulation game, Virtonomics players must strategically build their virtual companies to become successful Virtonomics entrepreneurs. So, should I decrease pay dividends here to $0.15? When doing so, you have to plug in numbers for the assumptions section in the new window. However, you can successfully apply most of the following tips to either strategy. Before you even start plugging in any numbers, it is important that you decide for a strategy to pursue for the game. Especially with our high quality and low models strategy, this will be very beneficial and will safe you some money. Do this for all four regions. For long term celebrity contracts and endorsement, bid for them in the early stages of the simulation. I am a Business Strategy Game Grand Champion. I am in Y12, and I am adjusting for Y13. Helped me get to the second place! My group and I are about to complete year 17 for the game. However, the private-label market is set up the way that only a limited demand is given each year. 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. This will enable you to tap into the different unique abilities of each of the members thus strengthening your team. By clicking on the Purchase Capacity button, you can see whether someone else did the mistake and sold capacity. Develop a fictional startup in a choice of industries, playing in modes including entrepreneur, business war or Virtonomics tycoon. In this blog post, I will run you through everything important that you have to know about the BSG and how to win it. So what are some of the qualifications you should be on the lookout for when picking your team? Hence, it should be your goal to price your shoes lower than everyone else and take their market share so that other companies will not sell any private-label shoe in this region. I daily (thank you, Hootsuite, for making it so easy!) 2. Do not focus too much on Ending Cash, but keep focusing on Net Profit, try to increase that over each years. 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. Two decision rounds later, I was ranking 3rd in the world. This is where consumers get the best quality of footwear at the lowest possible price, therefore ensuring value for their money. Max OUTyour production with the high quality shoes at the lowest possible cost. Select +2% for the Percent Change in Competitive Impact of All Other Factors from Previous 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. I started with 250 models and S/Q rating of 5. Heres What You Get in The Ultimate BSG Solution Monster Package: The Ultimate BSG Solution Guide was written by an old established BSG Grand Champion. I only ever paid attention to my profits and I never ever sold capacity. The demand depends on your retails, price and quality. It has two components. This site uses Akismet to reduce spam. 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. Using a game strategy to push a business forward is a different approach, but it has been proven successful for many. After you have done this, you might notice that your Your Estimate of the Ind. I am getting my butt kicked! As always, do not forget to save your decisions after you are done. Members of the team should have skills and strengths that serve to complement each other for a perfect working synergy. The importance of buying back stock early and how buying back stock gives you an edge in the game. is it because I need to add capacity? You have to dissect your competition and forecast their every move. . It is usually best to repurchase stock at the beginning, when your stock prices are relatively low. Promise I wont have tons of question haha. So, why not win the Business Strategy Game and stop your worrying. 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. I shut them down fast and knocked them out of the running. that helped me become Business Strategy Game Grand Champion. So where to look at this thing, as soon as you start the BSG Online Game. Then, after a lot thought on the matter, I devised an easy method for taking full advantage of currency fluctuations. I will just adjust it first and see what happens, thanks a lot:). 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. sales volume estimate. For only $35, get instant access to the Business Strategy Game Guide. Sometimes thats cutting expenses, sometimes thats increasing expenses (even though it might not make sense at first). The private-label sector is something you do not want to miss out on, especially with our high quality, low models strategy. Im playing the new version of the game, and your guide has worked perfectly for the first two years! Everyone has the same advantage as the team next to them. Beating the Business Strategy Game About the Guide. Yes, I would definitely do plant upgrade option C! update them with tips and food for thought from the paid guide. Learn tips & tricks, from a BSG Grand Master! 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. I personally would not bid higher than $5,000 $6,000. Login Scroll Down Your browser does not support the video tag. and L.A. volumes and finally plug them into the NA manufacturing slot.