Can you tell us more about the strategy you had ? We are reaching the last decision round and would like some hints on how to boost net profits for the last year and gain some extra points. Those are LEARNING REFERENCES written bycommonplace Industry Champions, which teach you how toplay. I personally find it easier to pursue and had more success with it in the past. On initial input of the change there was a big boost to my numbers, but when I left the page the game suddenly dropped my numbers below my original ones. Same for your superior material. 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. The Business Strategy Game BSG is a PC-based exercise designed to mirror the real-world features of the competitive athletic footwear industry. Leave everything else unchanged. Do not worry about those numbers, they will just show you whether your investment is profitable or not. you can SUCCEED in the Business Strategy Game by following my SIMPLE tips, advice, and strategies. Unused capacity kills your numbers and profits! You will also receive a copy of Currency Made Simple. I did not forget it, but we will take a look at it later. In the upper right box, you can spend your excessive cash. Dont blindly waste recourses on a celebrity tag; be strategic to make sure you will get the return on investment. Economic Stages Part Three Riding the Recession, Glo-Bus Quiz 1 and Glo-Bus Quiz 2 Answers, New Glo-Bus Cameras and Drones Simulation, Instant Download,Email Support &Forum Access. When contracting a celebrity, your advertising efforts in the Sales Forecast section should not be low. I worried that another team would have stumbled onto your blog, but few people Google tips it seems! Market share is not crucial for your success in the BSG, but profit is. My undergraduate business strategy teacher made us play the BSG-Online simulation for 40% of our grade. Learn tips & tricks, from a BSG Grand Master! You need this capacity for the private-label market. Learn tips & tricks, from a BSG Grand Master! Its not too late to do that yet. 39K views 1 year ago #businessstrategygame Here is my ultimate guide to help you ace the Business Strategy Game. They WILL work for you too and can adapt to EVERY situation. My question is what if I decreased the pay dividends to $0.15 from $1.00? Using this as a base strategy has yielded good results in my experiences. This is very helpful. The private-label market is a very nice opportunity to gain an advantage off your competitors and take their market share. Dont be fooled by Cheap imitation Business Strategy Game guides you might see online. 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 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. On this page, you will optimize your entries and toggle each value until your reach the maximum profit possible for each entry. Hi! 4. What Poker Strategists Say Poker is an incredibly strategic game and as such, there's a lot to learn from its big players. 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. Okay! Because with more capacity, you can offer more pairs in private label and dominate the market there. 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. If you add capacity it will show you the price. that helped me become Business Strategy Game Grand Champion. Hi, It makes sense; the more ads you run, the more your celebrity endorsement will be seen and the more effective it is. Try out different combinations that keep you at 8* and the highest possible net profit. Or you have read it but still do not know what strategy to pursue or what is going on? I usually go ahead and plug in whole dollar amounts for the wholesale price and see how net profit changes. The Models Offered estimate seems pretty fair and you do not have to worry about it. Thanks a lot! With increased competition, prices tend to decrease. The second part is the free site resources. Both The Ultimate BSG Solution Guide as well asThe BSG video guide were created by a BSG Grand Champion.Together, you will have all the information you need to not just win the BSG, but to DOMINATE.You get Exclusive VIP access to our secret forum area. Copyright 2018 BGSTips.com | All rights reserved. Furthermore, I spent all my cash on hand for dividends and stock repurchase to increase my ROE and EPS as much as possible. While they might boost your image rating, they will decrease your profit. Again, it is important that you keep in mind to optimize your profits. This is because your competitors are adjusting and trying to find their strategy. If your results in the first year are not too good, its not a big deal. Wow, you are done! Play with your numbers around and tweak them to generate maximum net profit. 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. Well some Industry Champions have such an easy time winning because the people theyre going up against simply didnt care about the BSG. or A-P plant. . 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 . Finished top 3 the first time and we are currently in 2nd place through 5 weeks for our current simulation. Hi Lee, 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 demand for branded production is met, put everything else into private label to make sure you dont have unused capacity. I am getting my butt kicked! Thank you so much for the good recommendations. Do you know why is that? Ship all the other shoes for the Europe-African warehouses and the Asia-Pacific warehouses from the Asian-Pacific plant. With my help, tips, techniques, and strategies, your competition doesnt stand a chance! Turn delivery time to four weeks because it has no noticeable effect on sales but significantly affects EPS and Net Profit. 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. Definitely helps! 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? After watching this comprehensive 75 minute video I haverecentlyfilmed, you will know exactly what you need to do to be successful. The guide also features step by step instructions in how to manage decision screens in making the best decision. Order now. 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? Then, just like you did before, plug in different values for your internet price and see, which price yields the highest net profit. Hence, find the combination that gives you the highest profit. (In Y11, I did the 5-year loan with 12,000k (7% interest). This is actually typical of almost every single Business Strategy Game Industry, as it takes only 1 greedy person to get the ball rolling. The higher your celebrity endorsement value for a specific region, the more your advantage in attracting buyers to purchase your branded footwear. Yeah I had that in the first weeks as well. Thank you so much for your reply! Five years ago, I was sitting in a similar situation as you. 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. There is a huge difference of learningHow To Winand learning the basics of the game. Hi, youre welcome. When coming up with a CSR initiative, ensure that the budget can be sustained over time without burdening the company. How can I increase my game score? Created Oct 30, 2013 Restricted 753 Members 5 Online Moderators Moderator list hidden. 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. Its not too bad, no worries. Oh, how I wish I had known all this before I began playing. You can either take out a 1-year, 5-year, or 10-year bank loan. 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. You will also receive a copy of Currency Made Simple. It didnt matter how competitive they were, how motivated they were, or whether they were Industry Champions. 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. In this package you get TheUltimate BSG Solution Guidealong with theIndustry Champion video. If it is 0%, that is fine as well, do not worry about it. If youre like most students though, you just want to win the Business Strategy Game, be crowned Industry Champion, get the grade, and move on with your life. For further explanation, please read my blog post. MyNewVideo Guide leaves nothing to the imagination. 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. The Capitalism series is widely regarded as the best business strategy game series ever created. For many students, winning the Business Strategy Gamecan be the difference between PASS and FAIL. Do I need to change another setting on another page for this to remain positive? You will get the hang of it after the first few decision rounds as it is always the same procedure. Thank you, Fin! 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 are now all set to dominate your industry and win the BSG! Those that are already playing the BSG Online and perhaps want an edge over the competition. I am currently dominating my industry, and closing in on the top 100 list! But I found ZERO helpful information online. Strategy 1 - Align simulation with learning objectives. 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. For this blog post, I will concentrate on the high-quality + low model strategy. However, to be able to do so, you need available capacity. 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. 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 Business Strategy Game 2023 Edition Competing in a Global Marketplace New Students (click here) New Instructors (click here) Login for Returning Users Forgot Password ? In Y12, I paid early payment 12,000k at 8.5% and continued borrowing 70,000k at 4.5% for 5-year). Should I decrease the pay dividends and do stock repurchase in Y13? sales volume estimate. Hi! The first is the paid guide. Let me ask you this. Hi Dennis. Setting up a successful business requires time, money, a lot of hard work . gorilla on your side. We offer free, unlimited fast support to answer any questions. In the first years, the estimate of the industry average might be a little off the +2%. While +2% might now always be spot on, I have made the best experience with it so far. My guide follows the rule highest net profit is key to success. 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. Before you even start plugging in any numbers, it is important that you decide for a strategy to pursue for the game. If you find capacity available for purchase, I would always directly purchase it. Fin. 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. But the plant page did say not recommend to build the plant so I was hesitating. I cannot make any money there. Thank you so much for your suggestion! Please delete one if there is an extra comment. It only takes 10-15 minutes to put the numbers in the right spotsto make yourself an Industry leader. 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. I was a poor undergraduate college student, too, at one point, and I understand your unwillingness to pay for an additional book. You always want to make sure that you produce your sales volume for N.A. Is it too late to reduce that to 50 as you suggested in your recommendation? You cannot afford to followsimple techniques and fail! The Business Strategy Game or BSG is a simulation game used by, different colleges for their Business capstone. Login Scroll Down Your browser does not support the video tag. Do not worry about your market share percentage or any other value than your net profit. Be cautious though: Do not only look at the percentage change in net profits, but also at the total value as the total value might change sometimes but the percentage change remains the same. Hi, Im glad to hear that it helped! Your interest rates depend on your credit rating and the duration of your loan. Business Strategy Game Tips - . If this scares you, it should. 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. You are playing the BSG but do not want to read the 35-page Players Manual? Business strategy games are a type of computer or board game that simulates the decision-making processes involved in running a business. Always Have A Backup Plan. My group and I are also playing the new version of the game and were little bit lost. Business Strategy Game Espanol (Spanish BSG Help ), Ayuda En Espanol Para La Simulacion Glo-Bus (Spanish Glo-Bus Help), Business Strategy Game En Franais/French, En Franais Business Strategy Game Assistance (French BSG Help), Business Strategy Game In Het Nederlands/Dutch, In Het Nederlands Business Strategy Game Help (Dutch BSG Help), Business Strategy Game Auf Deutsch/German, Business Strategy Game Auf Deutch Assistenz (German BSG Help). Is there anyway to increase the demand for my shoes in the internet/wholesale markets? You possible might decrease your net profits with this, but it is definitely worth it and will pay off in the long-run. . You can only do one upgrade at a time in each region and a total of two updates per region. This is why building additional capacity is so important. This Reddit is dedicated to help undergraduate and graduate students excel at the McGraw-Hill Business Strategy Game or BSG-Online. 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. Is there a strategy that will always win? Other teams in your industry wont stand a chance when you unleash the tactics we teach. The profits of controlling the industry will help you win the business strategy game. This will lead to greater visibility for your company and thus a boost in the image rating. These are the tools you need to win BSG. But it is definitely worth it. The BSG Game went through a major revision in the beginning of 2019. Automated page speed optimizations for fast site performance, Capsim Winning Strategies and Simulation Tips, Leadership and Management Assignment Help. I am on my second year and I have negative income right now, any tips on how to get in the positive? 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. Learn how your comment data is processed. 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. Aim to dominate at least a quarter of the market share in every geographical area of your companys operations. I am in a box where every move I make to lower cost or shift production lowers my EPS or credit rating. I suggest you upgrade your browser. 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. Optimizing your values is the essence of the game, even though it might be very time-consuming. It sometimes works. 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. Pay attention to the plant upgrade options as well. However, with a reasonable price. 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. 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.