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That its always wise to start out on the right foot rather than try to pull yourself out of a financial nosedive. 4. I want to thank you for visiting my Business Strategy Game (BSG Online) website. I prioritize building additional capacity and purchasing plant upgrades. like should I just follow your tips through all because I kind of get on a bad start. I promise you my techniques and tips are fully replicable and have kept me theundefeatedall theseYears! Set Models Offered to 50 and Free Shipping to No. For your company to stand out, it should ideally have an image rating of 70 and above. Helped me get to the second place! I shut them down fast and knocked them out of the running. I did not forget it, but we will take a look at it later. 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. Tips on How to Win the Business Strategy Game (BSG) - Top Academic Writers 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. Like I explained in my blog post, do everything that is necessary to increase and maximize your net profits. Emerging on top of this simulation can be quite a challenge. You can only do one upgrade at a time in each region and a total of two updates per region. Most Industry competitorsarentable to replicate high results when they face tougher opponentsand have asimpleunderstanding of the Business Strategy Game. Play with your numbers around and tweak them to generate maximum net profit. Let me ask you this. Be objective in your approaches from the beginning of the simulation right to the end. Aim to dominate at least a quarter of the market share in every geographical area of your companys operations. You always want to make sure that you produce your sales volume for N.A. Business strategy game. Business Games. 2022-10-12 I am in a box where every move I make to lower cost or shift production lowers my EPS or credit rating. After you have plugged in your numbers for both plants and your Branded Pairs Available for Shipment matches your Total Branded Pairs Shipped from each Plant, go ahead, click the Save Decisions button, and move to the Private-Label Operations page. After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. 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. 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. From the desk of: a Business Strategy Game Grand Champion. On this decision page, you can bid on celebrities. 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. Let us move on to the tricky part of this decision page. I now have another question about capacity. The only thing you wont get is Magic Year 11 Secrets Revealed.Dont Wait! 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. If it is lower than 40%, your wholesale price will be in competition with your internet price. Authorize your construction and you save your decisions. So for the last year I didnt stick to the rule that the internet price has to be 40% higher than the wholesale price. I recommend building additional 1,000 capacity for the North American plant in the first year, if your cash balance allows it. I suggest to go for maximum profits. It took me years to learn this and it would take you years as well but,I know you dont have years. This decision page is mainly a waste of money and we will not spend a lot of time with this page. 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 . It is best to build only as much capacity as you can afford without taking any loans. When coming up with a CSR initiative, ensure that the budget can be sustained over time without burdening the company. It is not. Learn tips & tricks, from a BSG Grand Master! 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. Theres everything explained in detail. The information is these guides is laid out, and displayed, in such a way . Turn delivery time to four weeks because it has no noticeable effect on sales but significantly affects EPS and Net Profit. If you tweak those numbers, your demand will adjust accordingly. I would like to ask you about the Dividends. 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. These are the tools you need to win BSG. BSG Guide - How to Win the Business Strategy Game Hi! That summer, I played in the Business Strategy Game Best Strategy Invitational (BSI) and won that as well. Is it too late to reduce that to 50 as you suggested in your recommendation? 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. If numbers do not add up correctly and your total pairs shipped do not match your total pairs available, go back to the Branded Distribution page and adjust your numbers accordingly. but out industry there is a direct competitor for me, he is also star 8 and 50 models, and he prices so low for wholesale, only 47! The best part is that, after it is in place for 3 or more rounds of play, the effects become almost irreversible. You might think that using green footwear materials or using recycled boxing / packaging is a good decision, especially with the currently ongoing environmental debates. For your company to be on the right track the R.O.E should be at least 15% annually. Ship all the other shoes for the Europe-African warehouses and the Asia-Pacific warehouses from the Asian-Pacific plant. at least one of the two teams has an S/Q of 8* and low prices so far (yes, they are in first place for now) what do you think we should do?. 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. Unused capacity kills your numbers and profits! My question is what if I decreased the pay dividends to $0.15 from $1.00? Order now. 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 did not stock issues or issue purchase in the those years. You should slightly increase your dividends year by year. 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. Switch between different advertising budgets to see which strategy will be the most cost-effective to capture the target market at the best price. This like a trial and error process and does not necessarily have to make sense. Im playing the new version of the game, and your guide has worked perfectly for the first two years! I started with paying $0.05 dividends and increased it by $0.05 every year. When starting the BSG, you have two long-term loans; one for 5 years, the other one for 10 years. No worries, it will be easier after the first few years. You have to dissect your competition and forecast their every move. I dont understand why it did this as this capacity was unused and there was upside to having it as my production was max out for the demand. (In Y11, I did the 5-year loan with 12,000k (7% interest). After you have found the right price, click the Save Decisions button. They WILL work for you too and can adapt to EVERY situation. I recommend increasing capacity and keep focusing on your profits. This can get confusing at the beginning so here is a table to show you the process. More capacity also brings down your costs. But do whatever is necessary to maximize your profits. You then want to select 0% as the Portion of the $XX mil. Your Delivery Time should be set to 3 weeks. The information is these guides is laid out, and displayed, in such a way that crucial decisions should be a breeze. Download Magic Year 11 Secrets Revealed NOW. is it because I need to add capacity? Again, try out each percentage for each region and set it to the percentage that yields the highest profits. This is probably the most important decision entry page in the game and you will be spending most of your time here. I never really watched my EPS or credit rating (ofc credit rating should be a B at least). 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. Since youre only in the second year, I would honestly decrease your models to 50. Sorry for the late reply.. Been starting my new job and working a lot lately. How To Win A Business Simulation Game? Be in it for the long haul A window should pop up where you can select each of the four regions and change the industry average S/Q rating and competitive impact. The two most important values you want to have as precisely estimated as possible are the industrys average wholesale price and S/Q rating. Otherwise, their endorsement effect declines. 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. 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. (meaning I decreases it from $1.00 to $0.15). You can still ship pairs from LA to somewhere else if needed. 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. I will talk about the Celebrity Endorsements page later. I guess because i grew too fast last week, this weeks net profit is negative (I didnt make any adjustment yet). Other teams in your industry wont stand a chance when you unleash the tactics we teach. Let me know if you have any more questions. The guide also features step by step instructions in how to manage decision screens in making the best decision. 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. I usually go ahead and plug in whole dollar amounts for the wholesale price and see how net profit changes. What should I do in this case? Yes, I would definitely do plant upgrade option C! I personally find it easier to pursue and had more success with it in the past. In this package you get TheUltimate BSG Solution Guidealong with theIndustry Champion video. This would leave you with a bunch of shoes unsold. If you found your highest value for the best net profit, move on to the next value and do the same. 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. Do not price your shoes too low, so that you will not make any profits with your sales. 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. I worried that another team would have stumbled onto your blog, but few people Google tips it seems! 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? I am the longest known active Business Strategy Game player with a career stretching back to 2006 and throughmultiple versions of BSG. . I include tons of free information to give you a leg up on your classmates on my blogroll. This enhances the marketing efforts for the brand. Then, after a lot thought on the matter, I devised an easy method for taking full advantage of currency fluctuations. Furthermore, I spent all my cash on hand for dividends and stock repurchase to increase my ROE and EPS as much as possible. With more inventory, however, you can put more shoes into private label which is a really important aspect of the game. The information is these . Theres not right amount of capacity you should purchase. Some students even let it ride without making ANY decisions for years! So far I have only build a 1000 EA plant and additional 500 NA plant. Well some Industry Champions have such an easy time winning because the people theyre going up against simply didnt care about the BSG. (0 for both stock issues and stock repurchase). Best Business Simulation Games of 2022 - Business News Daily Thats one of the things you should never do because you can always use capacity. Players must make decisions to build brand loyalty by improving . However, it is not necessary and Option C is definitely more effective. Yeah I had that in the first weeks as well. Hence, find the combination that gives you the highest profit. But strategy wise I always sticked to my maximum net profit strategy which you can do no matter your competitors strategy. However, do not rely on those values. Based on the kind of approach you will use, you might find it useful to keep some of the costs low. you should repurchase stock whenever you can. The closer your actual numbers are to your estimates, the more likely it will be that you earn bonus points from the Bulls Eye Award (be within a 5% range of the estimates). Business Strategy Game Tips - . Explanation of the Four Main Strategies of Business Strategy Game with their strengths and weaknesses based upon the Strategic Map, Detailed execution processes for each of the decision screens to produce enlightened results which answer questions, Discover how to become efficient in branded production, the best way to market your shoes, and which upgrades are absolutely ESSENTIAL for your given strategy, Three Year Plan rules simplified to attain the highest score your company can achieve, Business Strategy Invitational Insights for those who want to become Business Strategy Game Grand Champions, Academically proven for positively influencing new Business Strategy Game students to overcome the challenges of starting their company off on the right foot. Learn how your comment data is processed. In addition, the company resembles an athletic footwear company with plant operations instead of outsourcing . Business Strategy Game Tips - Which Market Should I Produce Shoes In 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. If you really need money, I would rather advise you to issue some of your stock. I personally would not bid higher than $5,000 $6,000. Company operations are patterned after Choosing the correct financial approach, among other things, made a huge difference. Currently, were selling 150 models. Here's a free video of things to watch out for while you are running your shoe company and competing in the BSG. 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. Thats a relief. This is because your competitors are adjusting and trying to find their strategy. My friend and I walk through the simulation on how it works. Please post any information pertaining to: strategies, tips, final presentations, case studies, quizzes, etc. Ive played the Business Strategy Game many times through and have completely dominated my opponents every single round of every single game. BSG Report, Part 2 - BeatBSG 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. Then, you want to plug in your L.A. total sales volume estimate into theproductionslot for North America as well and add up your reject rates. So having understood what the image rating of a company is based upon, how can you improve it? It's customized for you to run the company in direct competition with other class members. 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.

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