The Business Strategy Game BSG is a PC-based exercise designed to mirror the real-world features of the competitive athletic footwear industry. 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. Finished top 3 the first time and we are currently in 2nd place through 5 weeks for our current simulation. 2. 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. 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. Personally, I would do a higher SQ to start things out while you are building capacity to match the low quality-high model approach. When coming up with a CSR initiative, ensure that the budget can be sustained over time without burdening the company. Download Magic Year 11 Secrets Revealed NOW. Again, it is important that you keep in mind to optimize your profits. 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. Exactly. Let us move on to the tricky part of this decision page. So for our strategy, it should be 7 stars at the beginning. Hi! My group and I are also playing the new version of the game and were little bit lost. This site uses Akismet to reduce spam. Or you have read it but still do not know what strategy to pursue or what is going on? I will walk you through each page chronologically. of what decision year youre in, how bankrupt you are, or if your company is dead last right now . 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. If youd like an overview of the content we publish, take a look here, and if youre interested in Glo-bus, start here. But strategy wise I always sticked to my maximum net profit strategy which you can do no matter your competitors strategy. There is a huge difference of learningHow To Winand learning the basics of the game. Learn More . As a company wants to be in every market, it will be important to . No spam ever. Those that havent played the BSG Online yet and are researching online for every advantage they can find. It has not only won recognition and awards from top gaming media such as IGN and PC Gamer, but also from world-leading media including CNN and Discovery Channel. I daily (thank you, Hootsuite, for making it so easy!) Aim to dominate at least a quarter of the market share in every geographical area of your companys operations. Is it too late to reduce that to 50 as you suggested in your recommendation? If not, see what positive percentage yields the highest profit for you. And you can basically never have enough capacity for private label. If it is lower than 40%, your wholesale price will be in competition with your internet price. But it is definitely worth it. You might have the highest profits with 0 advertising budget. You are now all set to dominate your industry and win the BSG! More than often they drone on and on about BSG, to the point, its barely relevant toimpress you with abunch of words. How would you like to acquire every secret I have about the Business Strategy Game? Our final score was 99 and the closest team to us scored a 74!Out of a total of 11 teams, 7 of them scored below 40! 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. However, after 3-4 years, your competitors will settle and changes will be more predictable. Should I decrease the pay dividends and do stock repurchase in Y13? When I played the game, I barely looked at what my competitors were doing. You will also receive a copy of Currency Made Simple. The first time I played, I did exactly what you are doing: researching the internet. I have experienced different behavior with bidding on celebrities. That summer, I played in the Business Strategy Game Best Strategy Invitational (BSI) and won that as well. In my opinion, I believe the other teams are thinking on exploit the private label. Looking at the North America column, you now have to plug in your values for Wholesale Price, S/Q Rating, Models Available, etc. Paying dividends will increase your stock price and your ROE. Learn how to set your prices right by orchestrating your branded market efforts with my intense market advertising and a retail support campaigns that will ensure company stability for years to come. Dont blindly waste recourses on a celebrity tag; be strategic to make sure you will get the return on investment. It took me years to learn this and it would take you years as well but,I know you dont have years. 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. It covers in detail all of the strategies, concepts, software features and tricks necessary to win the McGraw-Hill Business Strategy Game. Otherwise, their endorsement effect declines. That being said, when you go with the strategy explained in my post, you will have maximized profits. You said that the internet price should be 40% above wholesale. I personally find it easier to pursue and had more success with it in the past. Paying off these loans in advance has the advantage that you will pay less interest over the coming years. It is important to toggle your values and find the best combination to maximize your net profit. I wish you the best of luck for your game. You should slightly increase your dividends year by year. But this year the shipping is too high from AP to LA so I cannot make any money from LA. 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. Always keep that in mind when formulating your strategies and leave room for adjustment where necessary. Year 11 might be over for you. 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. Hello. When there is a change in any aspect of operations it should be implemented upon approval of all the members. It is a show to the investors whether their investment is performing well. Im glad I was able to help and good luck to you! 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. According to the change, you can estimate the next years average industry internet price and plug it in. Ive turned dead-last severely bankrupt companies into Industry Champions with just two years left in the game. We were actually thinking on building capacity in LA for next year, however, two of the other teams already built capacity for 6,000 pairs in total (we are only 4 teams in total). If this scares you, it should. 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. Let me walk you through the various decision pages and explain you how to optimize each entry. 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. Hi, thanks for the great strategy! By employing the best cost strategy. 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. My group and I are about to complete year 17 for the game. I recommend having a pen and piece of paper next to you so you can write down your net profit and compare when plugging in different values. I will just adjust it first and see what happens, thanks a lot:). congrats on your success! These simulation games can help you develop hard. Automated page speed optimizations for fast site performance, Capsim Winning Strategies and Simulation Tips, Leadership and Management Assignment Help. I shut them down fast and knocked them out of the running. In the upper left box, you have available sources of additional cash. This is where consumers get the best quality of footwear at the lowest possible price, therefore ensuring value for their money. The styling/quality (S/Q) ratio of the business venture in the different geographic locations they operate in. 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. 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. If you have any questions, suggestions, or comments feel free to comment and I will do my best to help you out. 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. At the end, I increased dividends to boost my ROE. This enhances the marketing efforts for the brand. Its a lot of trial and error until you find the best possible value and it takes a lot of time at the beginning. gorilla on your side. I usually have the highest net profit when setting Enhanced Styling / Features to $50k, TQM / Six Sigma Quality Program at around $0.70, and Best Practices Training at $5,000. 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. However, some values, such as the Wholesale Price have decreased instead of increased. You can still ship pairs from LA to somewhere else if needed. Its not too late to do that yet. However, it will also decrease your ending cash. I mainly looked at what they were doing in the private label sector. Here, you will decide for how much your shoe is going to sell. How can I increase my game score? so idk what i may have done LOL, Hello, may I ask my is not that great at the moment and we are onto year 13 which is like 2nd year maybe of the game and i try my best to like follow your tips though not as fully cause I still dont understand much especially the calculation one a bit confusing cause I am bad at that, so far I have 7 s/q rating though I am unsure should I do lower models or not cause I am afraid it might not be enough for profit and all because most I see at average of rating and high models , I was wondering what can I do to make it better? In the Private-Label Production field, use all your remaining available capacity, even overtime. 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? 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. Global Top Performers . It only takes 10-15 minutes to put the numbers in the right spotsto make yourself an Industry leader. Thank you very much for your kind words! Do this for all four regions. I want to thank you for visiting my Business Strategy Game (BSG Online) website. However, you should keep on thing in mind: Your internet price should ideally be 40% higher than your wholesale price. I would recommend purchasing the upgrade for both of your plants within the first four years. 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. You Get ALL This For The Extremely Low Price, I understand that it only takes 10-15 minutes to put theMagicYear 11. numbers in the right spot to make me Industry leader Instantly! "In terms of scope and comprehensiveness, it has no equal in the world of business . I always went with 500 every second year, but it depends on your market and competitors. A quick e-mail to your inbox. For many students, winning the Business Strategy Gamecan be the difference between PASS and FAIL. Private label will help you dominate your competition. When contracting a celebrity, your advertising efforts in the Sales Forecast section should not be low. My friend and I walk through the simulation on how it works. With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. Before you even start plugging in any numbers, it is important that you decide for a strategy to pursue for the game. The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. Max OUTyour production with the high quality shoes at the lowest possible cost. But my profit is still a little bit low for a second place, guess my price is too low and I need to cut some of my expenses, right? However, it is not necessary and Option C is definitely more effective. There should be a balance. Order today and you will beprivyto every secret, technique, tip, support, and help I can provide you with thatwill surely secure your SUCCESS and VICTORYas a Business Strategy Game Player. I dont know why the game suddenly changed your numbers but I recommend using every last bit of your capacity. They have all changed by +2%, just as you plugged it in. Select from a pool of diverse individuals who will bring in different opinions and perspectives to the team. We will now look at all the decisions you have to make to actually play the game and be successful with your strategy. My undergraduate business strategy teacher made us play the BSG-Online simulation for 40% of our grade. From the desk of: a Business Strategy Game Grand Champion. Business Strategy Game Tips - . 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?. and L.A. in North America to reduce costs because ofNAFTA. Like should I add up all my wholesale prices from the 4 regions and then divide by 4 to get an average wholesale price and multiply by 1.40 to get the internet price or should I base it off the lowest wholesale and then multiply by 1.40 to get the internet price? Hey!! Theguide will show you how to make your company lean and agile to cope with the industrys marketplace. If you found your highest value for the best net profit, move on to the next value and do the same. Theres everything explained in detail. Hi Fin, Thanks for the detail post and the screen shots. Those that are already playing the BSG Online and perhaps want an edge over the competition. If you see little action on the celebrity market, go ahead and get your celebrities for the lowest price possible ($500). Make all the decisions tactfully and base them all on research and not emotion. Were at the middle of the pack and wanted the best strategy to move up the ranks. I'm back with this updated video full of helpful tips so you can tackle the. For further explanation, please read my blog post. And then I would just follow my tips and adjust all other values to maximize profits. After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. Those are LEARNING REFERENCES written bycommonplace Industry Champions, which teach you how toplay. Using this as a base strategy has yielded good results in my experiences. Just plug in numbers and note down your net profit values. Helped me get to the second place! I am the longest known active Business Strategy Game player with a career stretching back to 2006 and throughmultiple versions of BSG. One week they might increase, the other they might increase by just a little or even decrease. Profit is the key to success in this game! And should I do stock repurchase this year? If you demand for branded production is met, put everything else into private label to make sure you dont have unused capacity. 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. 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. Having an increased S/Q rating and lower prices boosts the image of the company positively. Selecting the members that will form your team is very crucial as you will be working together to ensure the success of your company. This is extremely easy and if thats all you want, then grab The Ultimate BSG Solution right now and guarantee your success. Make sure the celebrity is suitable in the geographical region you want them to endorse your shoes. unfortunately I have no experience with adjusting to my strategy in the late-game. This can get confusing at the beginning so here is a table to show you the process. It has two components. 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.