You always want to make sure that you produce your sales volume for N.A. Advantage of this is, that you dont have to pay too much attention to your competitors. So far I have only build a 1000 EA plant and additional 500 NA plant. Some professors place higher emphasis on the Business Strategy Game than others but the Business Strategy Game is always a hefty part of your grade. I shut them down fast and knocked them out of the running. At the same time, youll generate significant amounts of income from the hardest market to extract revenues from. I am so thankful for your post!!!!!!!!!!!! Any advice? It makes sense; the more ads you run, the more your celebrity endorsement will be seen and the more effective it is. You do not want that to happen, especially because your internet sales only account for a small percentage of your entire sales. Because with more capacity, you can offer more pairs in private label and dominate the market there. Displaying corporate citizenship in a responsible and socially acceptable manner for not less than 4 years. Dont be fooled by cheap imitations by common Industry Champions thatgloss over the obvious. If you have more cash available, go ahead and spend it for either one of the other options. On this page, you will set your values for your branded production. If it increases your profits, leave it at Yes, otherwise set it to No. Again, maximizing net profit is all you care about with our strategy determined at the beginning. When there is a change in any aspect of operations it should be implemented upon approval of all the members. Yes, I would only add capacity onto existing plants and not build new plants. Created Oct 30, 2013 Restricted 753 Members 5 Online Moderators Moderator list hidden. My question is what if I decreased the pay dividends to $0.15 from $1.00? The BSG Ultimate Solution isTHE ONLYGUARANTEEDone-way ticket to winning the BSG. 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. Turn delivery time to four weeks because it has no noticeable effect on sales but significantly affects EPS and Net Profit. I always went with 500 every second year, but it depends on your market and competitors. The information is these guides is laid out, and displayed, in such a way . Hello, Do this for all four regions. If you're like most students though, you just want to win the Business Strategy Game, be crowned Industry Champion, get the grade, and move . 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. I would always encourage you to bid on available celebrities. I will just adjust it first and see what happens, thanks a lot:). On this screen, you can handle your financial decisions for your company. The private-label sector is something you do not want to miss out on, especially with our high quality, low models strategy. Exactly. Paying off these loans in advance has the advantage that you will pay less interest over the coming years. Hence, make sure to plug in every possible value to reach the highest net profit possible. I wish you the best of luck for your game. Every game in the Business Strategy Game starts out the same. Since youre only in the second year, I would honestly decrease your models to 50. So, multiply your sales volume for the wholesale segment for each region by 1.2. Grow the stock price of your company's shares by at least 5% between the years 10 and 15. Set Models Offered to 50 and Free Shipping to No. The only thing you wont get is Magic Year 11 Secrets Revealed.Dont Wait! 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. If you add capacity it will show you the price. But I found ZERO helpful information online. Thats one of the things you should never do because you can always use capacity. Do not worry about me skipping the Internet Marketing, Wholesale Marketing, and Celebrity Endorsements pages. Im an excel and math geek and started to break the game down and understand it on a deep level. However, after 3-4 years, your competitors will settle and changes will be more predictable. Copyright 2018 BGSTips.com | All rights reserved. Be in it for the long haul I followed your recommendations, and I have a good rank. In addition, you have the option to repurchase your stock. Steal my conservative private label strategy that and immunize your company from bankruptcy. Yes, I am talking about the www.bsg-online.com for 2023. Then, after a lot thought on the matter, I devised an easy method for taking full advantage of currency fluctuations. We got our act together and began to study the game. There is a huge difference of learningHow To Winand learning the basics of the game. It almost worked TOO WELL. On BSGTips, we have an email service and forum to handle any support issues you may have. Thank you so much! At the end, I increased dividends to boost my ROE. . 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. Your Delivery Time should be set to 3 weeks. (meaning I decreases it from $1.00 to $0.15). 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. Otherwise, their endorsement effect declines. If you found your highest value for the best net profit, move on to the next value and do the same. 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. One option that you definitely want to purchase is Option C. Option C increases your S/Q rating by 1 star. 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. I am the longest known active Business Strategy Game player with a career stretching back to 2006 and throughmultiple versions of BSG. So, play around and find the best combination for your given S/Q rating that yields the highest net profit. Also do you know the cost of building additional capacity. Be objective in your approaches from the beginning of the simulation right to the end. Thanks! Having an increased S/Q rating and lower prices boosts the image of the company positively. 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. The Business Strategy Game BSG is a PC-based exercise designed to mirror the real-world features of the competitive athletic footwear industry. 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. Hi Lee, 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. For long term celebrity contracts and endorsement, bid for them in the early stages of the simulation. Sorry for the late reply.. Been starting my new job and working a lot lately. and L.A. in North America to reduce costs because ofNAFTA. 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. 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. This is actually typical of almost every single Business Strategy Game Industry, as it takes only 1 greedy person to get the ball rolling. How did your 2nd decision go? and L.A. volumes and finally plug them into the NA manufacturing slot. Using a game strategy to push a business forward is a different approach, but it has been proven successful for many. Personally, I would do a higher SQ to start things out while you are building capacity to match the low quality-high model approach. This means, you decide about the S/Q Rating of your branded pairs produced and your compensation and training for your employees. 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. This is why building additional capacity is so important. If you have your AP price set to e.g. Is your strategy also works for my situation? You might agree to disagree in the process but each member should always be given a clear avenue to express their thoughts that are based on their research. . 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. For only $35, get instant access to the Business Strategy Game Guide. 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). That combined will give you a good boost for the last year. The first time I played, I did exactly what you are doing: researching the internet. As always, do not forget to save your decisions after you are done. Emerging on top of this simulation can be quite a challenge. In this article, you will explore some of the strategies and tips that should be employed to boost your winning chances. I just have a quick question. If you are completely new and your projected performance box is not showing yet, you have to click the Save Decisions button on the upper right-hand corner for the projected performance box to appear. Those that are already playing the BSG Online and are going bankrupt and/or are dead last. It is not. havr the highest stock price, image rating at 90, A+ still, and double digit EPS. I would look at the Margin Over Direct Costs value at the very bottom of the page to see where it is most profitable to ship your shoes to. To do so, first plug in your N.A. . 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 addition, the company resembles an athletic footwear company with plant operations instead of outsourcing . And should I do stock repurchase this year? If you have any questions, suggestions, or comments feel free to comment and I will do my best to help you out. Waiting to buy them later will lead to an increase in their prices. Hello. 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. I now have another question about capacity. Thats the highest achievement you can attain. Hello, thanks for the great strategy, it is working (1st place) ! In the upper left box, you have available sources of additional cash. 5. Written by an Undefeated Business Strategy Game Grand Champion. 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%. If Im wrong, Ill post another comment. All the while you get lost on what was really importantto do actuallywin. It has two components. You dont have to care about your retail outlets anymore so adjust the price so maximize your net profit, without the 40% rule. However, it is not necessary and Option C is definitely more effective. Buy I have quite a lot ending cash. So, why not win the Business Strategy Game and stop your worrying. Play with your numbers around and tweak them to generate maximum net profit. As already mentioned earlier, not every decision has to make sense. Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. For only $35, get instant access to the Business Strategy Game Guide. Ive created this website as a final project for an online marketing class (and to help me pick up an extra bar tab a month.) Thanks a lot! The fact that you are looking for help mean. Finished top 3 the first time and we are currently in 2nd place through 5 weeks for our current simulation. 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. In this multiplayer business simulation game, Virtonomics players must strategically build their virtual companies to become successful Virtonomics entrepreneurs. But it is definitely worth it. 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. Most of the decisions you can make here are a waste of money and will not benefit your company. You can also pay dividends to your shareholders. Should I continue expanding NA or AP and by how much? gorilla on your side. You are playing the BSG but do not want to read the 35-page Players Manual? 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. 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? 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. The strategy utilized is broad and will allow your company to decide in what direction you want to take your company after to win Business Strategy Game. I feel you. I guarantee or your money back (with a 100% success rate so far) you'll win the game with the purchase of the guide. With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. 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. 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. You will also receive a copy of Currency Made Simple. However, if done right, it is worth the time as it will yield the maximum profit possible and success in your industry. After you have done this, you might notice that your Your Estimate of the Ind. Take advantage of my highly-guarded distribution decision strategy that Ive used to reap the benefits of the complex tariff rules and exchange rates. 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. 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? For your company to stand out, it should ideally have an image rating of 70 and above. First, set your Number of Models to 50, as determined earlier at the Sales Forecast page. You will also receive a copy of Currency Made Simple. Do not worry about the Plant Capacity / Upgrades page. It might be tedious work and consumes a lot of time, but it will definitely worth it and will let you win the BSG. 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. Any thoughts? Definitely helps! However, it will also decrease your ending cash. Players must make decisions to build brand loyalty by improving . Let me walk you through the various decision pages and explain you how to optimize each entry. The profits of controlling the industry will help you win the business strategy game. So for the last year I didnt stick to the rule that the internet price has to be 40% higher than the wholesale price. 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. After watching this comprehensive 75 minute video I haverecentlyfilmed, you will know exactly what you need to do to be successful. In the first years, the estimate of the industry average might be a little off the +2%. 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? I highly recommend starting below with my free tips guide. However, to be able to do so, you need available capacity. 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. 4. Again, try out each percentage for each region and set it to the percentage that yields the highest profits. Sounds good, congrats! Do this for all four regions. There should be a balance. I suggest to go for maximum profits. You want to setEthics Training / Enforcement to All Employees and Workforce Diversity Program to Yes. I want to thank you for visiting my Business Strategy Game (BSG Online) website. Hence, find the combination that gives you the highest profit. The private-label market is a very nice opportunity to gain an advantage off your competitors and take their market share. I have also included a Special 30 minuteAudio Companion for the Magic Numbers that is great for Year 11 starters! Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. If it is lower than 40%, your wholesale price will be in competition with your internet price. Furthermore, I spent all my cash on hand for dividends and stock repurchase to increase my ROE and EPS as much as possible. This is your new, more precise regional wholesale sales volume. However, my net profit is still negative even after i have adjusted the private-label. We will now look at all the decisions you have to make to actually play the game and be successful with your strategy. Always Have A Backup Plan. I let the rest remain the same in the entry. Hi Fin, Thanks for the detail post and the screen shots. Aim for a higher credit rating of B+ or above. Im playing the new version of the game, and your guide has worked perfectly for the first two years! In Y12, I paid early payment 12,000k at 8.5% and continued borrowing 70,000k at 4.5% for 5-year). However, you can successfully apply most of the following tips to either strategy. Hi, Im glad to hear that it helped! Learn tips & tricks, from a BSG Grand Master! 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 cant seem to find it. One way you can maximize the R.O.E is to purchase stock at the earliest possible time. I see this every semester, and you dont want it to be you. Theres everything explained in detail. Hence, you will only focus on the two following decisions that are worth their money as they increase your image rating the most. But this year the shipping is too high from AP to LA so I cannot make any money from LA. Increase models? 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. My group and I are about to complete year 17 for the game. Im play a new version of BSG ,we have already completed year 17 and now our team have a problem with struck in the middle stage that cost cant decrease more and this year other company in the industry have a high SQ star and low cost (price war) that we cant fight them because our cost is too high. Order now. 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. PS: I left a comment, but I did not see it and thus retyped. It can be very beneficial for you. Do not price your shoes too low, so that you will not make any profits with your sales. Ive turned dead-last severely bankrupt companies into Industry Champions with just two years left in the game. Learn tips & tricks, from a BSG Grand Master! Stick in your e-mail address, and the tips guide will be in your inbox instantly. 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. 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 ? Paying dividends will increase your stock price and your ROE. You cannot afford to followsimple techniques and fail! 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! 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. I did not forget it, but we will take a look at it later. I am on my second year and I have negative income right now, any tips on how to get in the positive? You will have secret access to private areas of the site and get to ask questions with my personal expert replies. The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. I include tons of free information to give you a leg up on your classmates on my blogroll. Theguide will show you how to make your company lean and agile to cope with the industrys marketplace. I started with paying $0.05 dividends and increased it by $0.05 every year. I started with 250 models and S/Q rating of 5. Free shipping will most likely not increase your profits. I never really watched my EPS or credit rating (ofc credit rating should be a B at least). Almost done, the last decision page. Business Strategy Game - Capitalism Lab. When coming up with a CSR initiative, ensure that the budget can be sustained over time without burdening the company. As I played the game, I discovered that I could use some fairly simple math to massively increase my game score. Thanks for your strategy! The decision is due tonight I am so nervous but the performance score so far looks good. thank you for your help. 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. 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. With our strategy in mind, I would recommend addition capacity to already existing plants rather than constructing a plant in a new region. I put $1.00 pay dividends, which turned out 20,000k in total. Ship all the other shoes for the Europe-African warehouses and the Asia-Pacific warehouses from the Asian-Pacific plant. My team and I started the game with minimal knowledge and flailed for the first three decision rounds. In addition, your Retail Outlets values should always be the highest number possible that you are allowed to enter. After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. R.O.E is the measure of the ability of a company to generate profit.