Do not worry about your market share percentage or any other value than your net profit. 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. Also, I suggest not decreasing your dividends. The knowledge to exasperate competitor weaknesses and curb competitor strengths lies in the strategic knowledge in the model. No worries, this is logical and you did nothing wrong. The FREE BLOGcovers topics like. After you are done, move on the left side and do the same for your internet sales. you can SUCCEED in the Business Strategy Game by following my SIMPLE tips, advice, and strategies. The two most important values you want to have as precisely estimated as possible are the industrys average wholesale price and S/Q rating. Which is better, cost leadership, integration, or differentiation? So regardless of what decision year youre in, how bankrupt you are, or if your company is dead last right now you can SUCCEED in the Business Strategy Game by following my SIMPLE tips, advice, and strategies. Please delete one if there is an extra comment. 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 am having trouble getting my company back into the positive ending cash after taking out a loan. How can I increase my game score? Strategy 1 - Align simulation with learning objectives. Almost done, the last decision page. My group and I are about to complete year 17 for the game. Im giving away adeadly secretinsideMagic Year 11 Secrets Revealedthat will make a person number 1 almost no matter what. 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. In this article, you will explore some of the strategies and tips that should be employed to boost your winning chances. For this blog post, I will concentrate on the high-quality + low model strategy. 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. It can be very beneficial for you. Like I said before, you should be building capacity, yes. However, when pricing your shoes, keep in mind to set the price at least $5 below the wholesale price average. So where to look at this thing, as soon as you start the BSG Online Game. This isthe lazy wayof winning the Business Strategy Game and requires very little knowledge and effort on your part. Pay attention to the plant upgrade options as well. 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. Economic Impact of Hurricane Harvey and Hurricane Irma, Temporary Oil Price Changes Hold Back Consumer Spending. However, try your best. Do this for all the four regions. When you are deciding whether to upgrade your plant capacity, time is an essential factor. Again, it is important that you keep in mind to optimize your profits. You might think that using green footwear materials or using recycled boxing / packaging is a good decision, especially with the currently ongoing environmental debates. 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. In addition, you have the option to repurchase your stock. 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. But I found ZERO helpful information online. Since there are many decision making elements in a simulation game, for example in Global Challenge the business management simulation, there are demand, production, HR, R&D, marketing, logistics, transfer pricing and taxation, and finance decisions, instructors should decide "which . If you happen to end up with a large surplus of shoes the next year, lower your 1.2 multiplier a little bit to 1.18. If you have more cash available, go ahead and spend it for either one of the other options. Okay. Buy I have quite a lot ending cash. Steal my conservative private label strategy that and immunize your company from bankruptcy. Theres everything explained in detail. I personally would not bid higher than $5,000 $6,000. Switch between different advertising budgets to see which strategy will be the most cost-effective to capture the target market at the best price. like should I just follow your tips through all because I kind of get on a bad start. The end result counts. Hi, 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. Dave Mar Which wholesale are you referring to? The styling/quality (S/Q) ratio of the business venture in the different geographic locations they operate in. Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. Again, maximizing net profit is all you care about with our strategy determined at the beginning. . 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. I cannot make any money there. (meaning I decreases it from $1.00 to $0.15). Some students even let it ride without making ANY decisions for years! Let me walk you through the various decision pages and explain you how to optimize each entry. If you have any questions, suggestions, or comments feel free to comment and I will do my best to help you out. The Models Offered estimate seems pretty fair and you do not have to worry about it. Free shipping will most likely not increase your profits. Then, after a lot thought on the matter, I devised an easy method for taking full advantage of currency fluctuations. Im glad I was able to help and good luck to you! I personally find it easier to pursue and had more success with it in the past. we are having a horrible time of having left over inventory .. we are in year 13 and our numbers are ok we were 1st place last on year 11 and second place on year 12 but i having a feeling we have been focusing so much on our current numbers we arent going to end well any advise on what we should do on inventory and other sections of the game. Try out different combinations that keep you at 8* and the highest possible net profit. If you have any questions, feel free to come back and ask them. One option that you definitely want to purchase is Option C. Option C increases your S/Q rating by 1 star. 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. Learn tips & tricks, from a BSG Grand Master! Beating the Business Strategy Game About the Guide. The information is these . From the desk of: a Business Strategy Game Grand Champion. Ideally, you can cut your employees wages and will increase profit. This is extremely easy and if thats all you want, then grab The Ultimate BSG Solution right now and guarantee your success. SAVE TIME & PASS YOUR CLASS Amplify Your BSG Online Score: https://www.bsg-game.com/select-time Derek's "Pass Your Class Guarantee" . However, do not rely on those values. Stick in your e-mail address, and the tips guide will be in your inbox instantly. I shut them down fast and knocked them out of the running. This is also linked to having production facilities in that market to support it. Every single member should be given the venue to express their thoughts clearly. I dont know why the game suddenly changed your numbers but I recommend using every last bit of your capacity. 1. 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. If I have further questions do you mind I ask you for help? Thanks a lot! 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. I suggest you upgrade your browser. 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). At the end, I increased dividends to boost my ROE. Hi. It is important to toggle your values and find the best combination to maximize your net profit. You will soon know why. Increase models? Based on the kind of approach you will use, you might find it useful to keep some of the costs low. Year 11 might be over for you. Business Strategy Game player with a career stretching back to 2006 and throughmultiple versions of BSG. Try and set it to Yes. I will talk about the Celebrity Endorsements page later. You cannot afford to followsimple techniques and fail! In Y12, I paid early payment 12,000k at 8.5% and continued borrowing 70,000k at 4.5% for 5-year). (Im adjusting for Y13 now). 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. Does it hurt any other factors? Strategy and Execution is your shield and sword for Conquering the Industry. To improve the financial standing of the company it is a wise idea to employ the balanced scorecard to determine the strategies that will boost the companys competitiveness. 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. That being said, when you go with the strategy explained in my post, you will have maximized profits. R.O.E is the measure of the ability of a company to generate profit. Like I explained in my blog post, do everything that is necessary to increase and maximize your net profits. Dont be fooled by Cheap imitation Business Strategy Game guides you might see online. Chances are it would be a piece of cake right? By clicking on the Purchase Capacity button, you can see whether someone else did the mistake and sold capacity. Or you have read it but still do not know what strategy to pursue or what is going on? Weve heard countless horror stories of students not taking the BSG seriously and failing the course as a result. Your Delivery Time should be set to 3 weeks. So the question is: would you recommend for my team to still increase capacity despite this fact? The second part is the free site resources. I only ever paid attention to my profits and I never ever sold capacity. You are almost done for the Sales Forecast decision page. Hi! 7 Winning Tips and Strategies for the Business Strategy Game (Bsg) 2022-10-12. Business strategy game Rating: 7,4/10 916 reviews. The first is the paid guide. construction cost to be financed with debt. The most important advice in advance: it is all about PROFIT. Develop a fictional startup in a choice of industries, playing in modes including entrepreneur, business war or Virtonomics tycoon. With remaining the cash on hand, try to buy back stock, pay off your loans from the beginning of the game, pay back dividends, and upgrade your plants. I started with paying $0.05 dividends and increased it by $0.05 every year. I recommend building additional 1,000 capacity for the North American plant in the first year, if your cash balance allows it. Those that are already playing the BSG Online and are going bankrupt and/or are dead last. Is this guide guaranteed to make me win? Learn a little more about the theoretical concepts behind the game in our Free MBA course. Do not worry about those numbers, they will just show you whether your investment is profitable or not. The Business Strategy Game is a PC-based exercise, modeled to reflect the real-world character of the globally competitive athletic footwear industry and structured so that you run a company in head-to-head competition against companies run by other class members. I will walk you through each page chronologically. And you can basically never have enough capacity for private label. Business strategy game. While they might boost your image rating, they will decrease your profit. AcquireThe Edgethat separates aGrand Championfrom an Industry Champion. I am currently dominating my industry, and closing in on the top 100 list! However, I would recommend not taking out any loan if possible. We will now look at all the decisions you have to make to actually play the game and be successful with your strategy. Do this for all four regions. I am in Y12, and I am adjusting for Y13. You can only do one upgrade at a time in each region and a total of two updates per region. 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. or A-P plant. You possible might decrease your net profits with this, but it is definitely worth it and will pay off in the long-run. This means, you decide about the S/Q Rating of your branded pairs produced and your compensation and training for your employees. It took me years to learn this and it would take you years as well but,I know you dont have years. 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.