Year 11 might be over for you. I suggest you upgrade your browser. It will be, trust me. Otherwise you will not sell any shoe either. Paying off these loans in advance has the advantage that you will pay less interest over the coming years. If you have more cash available, go ahead and spend it for either one of the other options. Now, I am worried about the future rounds. The information is these guides is laid out, and displayed, in such a way . The Business Strategy Game or BSG is a simulation game used by, different colleges for their Business capstone. The guide also features step by step instructions in how to manage decision screens in making the best decision. This free website and paid guide are a collection of the strategies I have used myself while winning the Business Strategy Invitational multiple times, seen work by my competitors at the highest level of play, and implemented on dozens of teams Ive personally coached. So, multiply your sales volume for the wholesale segment for each region by 1.2. I did not stock issues or issue purchase in the those years. 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. I will talk about the Celebrity Endorsements page later. The Business Strategy Game 2023 Edition Competing in a Global Marketplace New Students (click here) New Instructors (click here) Login for Returning Users Forgot Password ? 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. My guide follows the rule highest net profit is key to success. My group and I are also playing the new version of the game and were little bit lost. The knowledge to exasperate competitor weaknesses and curb competitor strengths lies in the strategic knowledge in the model. $50.66 but $50.67 gives you higher profits, go for the higher prices. Increase S/Q ratings? It has two components. Purchasing capacity is 20% cheaper than building new capacity on your own. Beat the Business Strategy Game. In this blog post, I will run you through everything important that you have to know about the BSG and how to win it. 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. You will soon know why. Also do you know the cost of building additional capacity. You need the capacity for the private label market. First, click on the Adjust Competitive Intensity button that can be found on the top middle of the page. Weve heard countless horror stories of students not taking the BSG seriously and failing the course as a result. Ideally, you can cut your employees wages and will increase profit. Market share is not crucial for your success in the BSG, but profit is. You should slightly increase your dividends year by year. Should I decrease the pay dividends and do stock repurchase in Y13? Dave Mar 5. It is all about trying out all possible combinations. 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. You said that the internet price should be 40% above wholesale. It can be very beneficial for you. Ive played the Business Strategy Game many times through and have completely dominated my opponents every single round of every single game. 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. Like I said before, you should be building capacity, yes. Those that are already playing the BSG Online and perhaps want an edge over the competition. The most important advice in advance: it is all about PROFIT. Yes, its not too late yet to follow through with my tips. The profits of controlling the industry will help you win the business strategy game. Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. The second part is the free site resources. I am the longest known active Business Strategy Game player with a career stretching back to 2006 and throughmultiple versions of BSG. Celebrities will enhance your marketing efforts and help you sell more shoes. With my help, tips, techniques, and strategies, your competition doesnt stand a chance! Thats one of the things you should never do because you can always use capacity. While you already have a good estimate of how many shoes you are going to sell in each region, you still need to consider your rejected pairs during production. Written by an Undefeated Business Strategy Game Grand Champion. Hello. Is there anyway to increase the demand for my shoes in the internet/wholesale markets? Im not talking about theory and how to play; Im talking about a proven system that helped me become Business Strategy Game Grand Champion. I would always encourage you to bid on available celebrities. This site uses Akismet to reduce spam. 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! I recommend building additional 1,000 capacity for the North American plant in the first year, if your cash balance allows it. The Models Offered estimate seems pretty fair and you do not have to worry about it. Should I continue expanding NA or AP and by how much? This will enable you to tap into the different unique abilities of each of the members thus strengthening your team. Hi! When there is a change in any aspect of operations it should be implemented upon approval of all the members. Does it hurt any other factors? Thats a game changer!! You can only do one upgrade at a time in each region and a total of two updates per region. It covers in detail all of the strategies, concepts, software features and tricks necessary to win the McGraw-Hill Business Strategy Game. im at year 17 and perfect score twice, 1st in last 3 years and 2nd twice. 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. 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. While your regional sales volume for the internet segment is a good estimate, the estimates for the wholesale segments are not. Best strategy guides for bsg online how to win bsg (business strategy game) have spent years of ten dedicated men practicing the bsg online games with over DismissTry Ask an Expert Ask an Expert Sign inRegister Sign inRegister Home Ask an ExpertNew My Library Discovery Institutions University of Law University of Greenwich University College London I will just adjust it first and see what happens, thanks a lot:). Hello, thanks for the great strategy, it is working (1st place) ! Again, it is important that you keep in mind to optimize your profits. My group and I are about to complete year 17 for the game. If you add capacity it will show you the price. For only $35, get instant access to the Business Strategy Game Guide. No spam. You should pay attention that your S/Q Rating of Branded Pairs Produced matches your value on the Sales Forecast page. You will also receive a copy of Currency Made Simple. Okay! Furthermore, I spent all my cash on hand for dividends and stock repurchase to increase my ROE and EPS as much as possible. I personally would not bid higher than $5,000 $6,000. PS: I left a comment, but I did not see it and thus retyped. Definitely helps! Please delete one if there is an extra comment. You will have secret access to private areas of the site and get to ask questions with my personal expert replies. 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. You dont have to care about your retail outlets anymore so adjust the price so maximize your net profit, without the 40% rule. Unused capacity kills your numbers and profits! Always Have A Backup Plan. So, should I decrease pay dividends here to $0.15? So if one of your markets is not satisfied or prices are high, I would built capacity to attack this market and sell a lot of shoes for a cheap price, to guarantee you the lowest price so that you sell all your offered shoes. Hi You have to base it off the HIGHEST wholesale price, just to be safe Like that, all 4 regions are guaranteed to be 40% above wholesale price. If you tweak those numbers, your demand will adjust accordingly. 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 . They have all changed by +2%, just as you plugged it in. Exactly. I am so thankful for your post!!!!!!!!!!!! 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. I cannot make any money there. The FREE BLOGcovers topics like. Im playing the new version of the game, and your guide has worked perfectly for the first two years! 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. 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. Wow, you are done! Do not sit on it. So I doubt on his strategy. Develop a fictional startup in a choice of industries, playing in modes including entrepreneur, business war or Virtonomics tycoon. thank you:). Your interest rates depend on your credit rating and the duration of your loan. In this multiplayer business simulation game, Virtonomics players must strategically build their virtual companies to become successful Virtonomics entrepreneurs. We had a bunch of copycats in practice year 12, but nobody has figured our profit-maximizing, low-cost strategy, and now theyre pursuing higher models in the real game. I am currently dominating my industry, and closing in on the top 100 list! update them with tips and food for thought from the paid guide. In my opinion, I believe the other teams are thinking on exploit the private label. Finished top 3 the first time and we are currently in 2nd place through 5 weeks for our current simulation. How to solves this situation ,have you given us any suggestion. 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. In addition, you have the option to repurchase your stock. Yeah I will hold on to that for now. 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. 2. 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%. Select from a pool of diverse individuals who will bring in different opinions and perspectives to the team. Authorize your construction and you save your decisions. When doing so, you have to plug in numbers for the assumptions section in the new window. Thanks for your strategy! Thank you very much for your kind words! Any advice? Repurchasing stock will boost both your EPS and ROE. If this is still not enough, add the missing shoes to the other plants Branded Pairs to be Manufactured in Year XX number. I guess because i grew too fast last week, this weeks net profit is negative (I didnt make any adjustment yet). Good communication skills. 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. 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 . As always, do not forget to save your decisions after you are done. This is where consumers get the best quality of footwear at the lowest possible price, therefore ensuring value for their money. Learn More Most Industry competitorsarentable to replicate high results when they face tougher opponentsand have asimpleunderstanding of the Business Strategy Game. However, do not price your shoes too high, so that your competitors have a lower price than you and will sell their shoes first. Contact the Grand Championand Learn more about the BSG. Well some Industry Champions have such an easy time winning because the people theyre going up against simply didnt care about the BSG. 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. However, you should keep on thing in mind: Your internet price should ideally be 40% higher than your wholesale price. SAVE TIME & PASS YOUR CLASS Amplify Your BSG Online Score: https://www.bsg-game.com/select-time Derek's "Pass Your Class Guarantee" . Displaying corporate citizenship in a responsible and socially acceptable manner for not less than 4 years. These are some of the tips you can use to win the business strategy game. If not, I dont see the need to purchase equipment in order to make more shoes until the demand begins to encroach upon my shoe making capacity. 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. like should I just follow your tips through all because I kind of get on a bad start. 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. Use of my strategy creates a landslide effect that, as you can see, is very devastating to all opponents. 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. 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. Every single member should be given the venue to express their thoughts clearly. I started with 250 models and S/Q rating of 5. I have placed this manual and an easy-to-use currency spreadsheet on this site for you. However, you can successfully apply most of the following tips to either strategy. Does it affect any other factors? 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. You might think that using green footwear materials or using recycled boxing / packaging is a good decision, especially with the currently ongoing environmental debates. That summer, I played in the Business Strategy Game Best Strategy Invitational (BSI) and won that as well. This game can be overwhelming, so anything to help other players! 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. However, it is not necessary and Option C is definitely more effective. Hi, youre welcome. You do not want that to happen, especially because your internet sales only account for a small percentage of your entire sales. My stupidness did not know that I should not pay dividends when I am in 5-year-loan, so I did not adjust any part in Finance Cash Flow except for borrowing. After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. Steal my conservative private label strategy that and immunize your company from bankruptcy. Once you have enough capacity then switch to low SQ approach. It didnt matter how competitive they were, how motivated they were, or whether they were Industry Champions. 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. But it is definitely worth it. The C.I.R on the other hand will give you a deeper look into market share, S/Q ratings as well as price. 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. This will save you money in the long run and at the same time boost your credit rating positively. I like to have around $8-10 million ending cash available after all my decisions are made. I have also included a Special 30 minuteAudio Companion for the Magic Numbers that is great for Year 11 starters! It is important to toggle your values and find the best combination to maximize your net profit. Hi there! When you sign up for BSG Tips, youre not alone. On BSGTips, we have an email service and forum to handle any support issues you may have. We got our act together and began to study the game. In Y12, I paid early payment 12,000k at 8.5% and continued borrowing 70,000k at 4.5% for 5-year). However, try your best. 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. 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. One way you can maximize the R.O.E is to purchase stock at the earliest possible time. (0 for both stock issues and stock repurchase). Learn the single most powerful strategic financial decision you can make that WILL, Discover why one business level strategy is FAR SUPERIOR to all the others and why you will surely lose if youre not implementing it, Learn in plain English what each decision screen does and the data thats important to manipulate to win, Learn how to pull yourself out of debt instantly even if youre bankrupt or dead-last, Learn which industry reports you MUST pay attention to and how to interpret them, Discover the single-most common mistake that students make and why you MUST avoid it at ALL COSTS, Learn which regions you should build factories in and which regions you should steer clear of. The information is these . Embedded in the magic numbers is a reinforced long-term money-saving strategy that will save you money every year forever! Dont believe us, just try below. 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. Download Magic Year 11 Secrets Revealed NOW. My friend and I walk through the simulation on how it works. On this page, you will optimize your entries and toggle each value until your reach the maximum profit possible for each entry. Players must make decisions to build brand loyalty by improving . So when following the steps described above, you will have positive ending cash really soon again. You need this capacity for the private-label market. Could you win the Business Strategy Game against a bunch of 5th graders? . Thanks a lot! Hello, So your costs will be relatively low as well and the private label will be a very important factor of yours. From experience Id say tho that it is already too late to adjust to my strategy presented. Other teams in your industry wont stand a chance when you unleash the tactics we teach. 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. Some students even let it ride without making ANY decisions for years! I now have another question about capacity. This Reddit is dedicated to help undergraduate and graduate students excel at the McGraw-Hill Business Strategy Game or BSG-Online. Grow the stock price of your company's shares by at least 5% between the years 10 and 15. Paying dividends will increase your stock price and your ROE. What should I do for year 12 and 13? Helped me get to the second place! This means, without increasing your superior material or enhanced styling / features, you gain 1 star. 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. Hi! Sounds good, congrats! If not, see what positive percentage yields the highest profit for you. Set Models Offered to 50 and Free Shipping to No. Do this for all four regions. A quick e-mail to your inbox. You always want to make sure that you produce your sales volume for N.A. The first time I played, I did exactly what you are doing: researching the internet. As a company wants to be in every market, it will be important to . The styling/quality (S/Q) ratio of the business venture in the different geographic locations they operate in. I dont know why the game suddenly changed your numbers but I recommend using every last bit of your capacity. That its always wise to start out on the right foot rather than try to pull yourself out of a financial nosedive. I have experienced different behavior with bidding on celebrities. you can SUCCEED in the Business Strategy Game by following my SIMPLE tips, advice, and strategies. The Business Strategy Game BSG is a PC-based exercise designed to mirror the real-world features of the competitive athletic footwear industry. Learn tips & tricks, from a BSG Grand Master! Business Strategy Game - Capitalism Lab. Hence, you will only focus on the two following decisions that are worth their money as they increase your image rating the most. Make sure the celebrity is suitable in the geographical region you want them to endorse your shoes. This decision page deals with your plants. If for whatever reason you arent satisfied with the guide, return it anytime for a full refund. That combined will give you a good boost for the last year. However, it will also decrease your ending cash. 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. 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. 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. These two products combine with empower you to win the BSG with very little effort.These two guides are PACKED with tons of Business Strategy Game tips, hints, strategies, advice, and guidance.There is no other substitute on the internet today that comes close to competing with these two products. Do this for all four regions. Play the game multiple times and try to refine your strategies and entrepreneurial skills with each attempt. Thats the highest achievement you can attain. Global Top Performers You are playing the BSG but do not want to read the 35-page Players Manual? honestly i started with 150 models at 6 stars and went to 200 and 7 stars, 8 in private label. 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). They WILL work for you too and can adapt to EVERY situation. In the upper right box, you can spend your excessive cash. It is not. My team and I are going to the second round of decisions, so I think were still on time to switch towards another area in the market. Before you even start plugging in any numbers, it is important that you decide for a strategy to pursue for the game. You are almost done for the Sales Forecast decision page. How would you like to acquire every secret I have about the Business Strategy Game? After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. Using this as a base strategy has yielded good results in my experiences. So I would recommend you to decrease your models to 50 and remain at 8* for most of the time, if not even for all the remaining game. Im glad I was able to help and good luck to you! Entering year 15 I am still doing 8 star but the demand forecast is super low. Is it too late to reduce that to 50 as you suggested in your recommendation? 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. For long term celebrity contracts and endorsement, bid for them in the early stages of the simulation. The value that yields the highest profit value is the one you want to go with for this decision round. Dont let them beat you to it or you simply wont stand achance. So the question is: would you recommend for my team to still increase capacity despite this fact? havr the highest stock price, image rating at 90, A+ still, and double digit EPS. I was thinking about building a LA plant because I took the majority of private label there last year. Select +2% for the Percent Change in Competitive Impact of All Other Factors from Previous Year. On this screen, you can handle your financial decisions for your company. I guarantee or your money back (with a 100% success rate so far) you'll win the game with the purchase of the guide. 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. What is this Currency Made Easy! After you are done, move on the left side and do the same for your internet sales. 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. We will now look at all the decisions you have to make to actually play the game and be successful with your strategy. Hence, keep track of the industrys internet price and how it changes. 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. Your estimate of the industry average for the internet retail price does not change with your adjusted competitive that you set to +2% before. More capacity also brings down your costs. Currently, were selling 150 models. MyNewVideo Guide leaves nothing to the imagination. Concerning changing others values, I recommend reading my initial post where I have explained everything in detail. We offer free, unlimited fast support to answer any questions. I always went with 500 every second year, but it depends on your market and competitors. Anyhow, recalling that I could find no helpful information about the game when I looked, I decided to put together a manual that would be helpful to future students of the game. After a couple of decision rounds, you will get a feeling for it and it will become easier, no worries. However, it will also decrease your ending cash. Yeah I had that in the first weeks as well. I will explain soon, how to increase plant capacity and why we need the capacity for private label. You can either take out a 1-year, 5-year, or 10-year bank loan. 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.

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