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you should repurchase stock whenever you can. 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. 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. With increased competition, prices tend to decrease. 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. Whether a member is suggesting a different. Thank you very much for your kind words! However, I would recommend not taking out any loan if possible. 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. After you have done this, you might notice that your Your Estimate of the Ind. I will talk about the Celebrity Endorsements page later. If after putting the above measures in place and your image rating lowers, consider increasing the S/Q of the shoes and indulging more in corporate citizenship behaviour. Is there anyway to increase the demand for my shoes in the internet/wholesale markets? However, keep in mind that your regional endorsement value should not be higher than 400 in any region. I usually go ahead and plug in whole dollar amounts for the wholesale price and see how net profit changes. The FREE BLOGcovers topics like. Do not worry about those numbers, they will just show you whether your investment is profitable or not. You do not want that to happen, especially because your internet sales only account for a small percentage of your entire sales. 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. construction cost to be financed with debt. Hi! How and when to buy celebrity endorsements at the BSG-Online. When you sign up for BSG Tips, youre not alone. If for whatever reason you arent satisfied with the guide, return it anytime for a full refund. Embedded in the magic numbers is a reinforced long-term money-saving strategy that will save you money every year forever! But do whatever is necessary to maximize your profits. You always want to make sure that you produce your sales volume for N.A. We give you. It is all about trying out all possible combinations. thank you:). I still think its a waste to build a plant there, unless youre selling tons of shoes (high models, mid SQ). From experience Id say tho that it is already too late to adjust to my strategy presented. 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. You cannot afford to followsimple techniques and fail! And Im so thankful for your post!!!!!!!! I dont know why the game suddenly changed your numbers but I recommend using every last bit of your capacity. If I have further questions do you mind I ask you for help? If it is lower than 40%, your wholesale price will be in competition with your internet price. Sure, you can ask anytime The first is the paid guide. Setting up a successful business requires time, money, a lot of hard work . Your estimate of the industry average for the internet retail price does not change with your adjusted competitive that you set to +2% before. 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. Now, I am worried about the future rounds. Hi, thanks for the great strategy! Ive played the Business Strategy Game many times through and have completely dominated my opponents every single round of every single game. Helped me get to the second place! 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. Automated page speed optimizations for fast site performance, Capsim Winning Strategies and Simulation Tips, Leadership and Management Assignment Help. The information is these guides is laid out, and displayed, in such a way that crucial decisions should be a breeze. This is probably the most important decision entry page in the game and you will be spending most of your time here. 7 Winning Tips and Strategies for the Business Strategy Game (Bsg) 2022-10-12. Business strategy game Rating: 7,4/10 916 reviews. Business strategy game. This is where consumers get the best quality of footwear at the lowest possible price, therefore ensuring value for their money. 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. 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. However, my net profit is still negative even after i have adjusted the private-label. Entering year 15 I am still doing 8 star but the demand forecast is super low. Yeah I will hold on to that for now. I recommend building additional 1,000 capacity for the North American plant in the first year, if your cash balance allows it. Authorize your construction and you save your decisions. It makes sense to do the upgrade before adding capacity. You then want to select 0% as the Portion of the $XX mil. In the first years, the estimate of the industry average might be a little off the +2%. Play with your numbers around and tweak them to generate maximum net profit. Thank you in advance! After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. 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. Do not worry about your market share percentage or any other value than your net profit. You need the capacity for the private label market. From the desk of: a Business Strategy Game Grand Champion. Good communication skills. 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. They WILL work for you too and can adapt to EVERY situation. Please post any information pertaining to: strategies, tips, final presentations, case studies, quizzes, etc. If Im wrong, Ill post another comment. My undergraduate business strategy teacher made us play the BSG-Online simulation for 40% of our grade. I have also included a Special 30 minuteAudio Companion for the Magic Numbers that is great for Year 11 starters! Weve heard countless horror stories of students not taking the BSG seriously and failing the course as a result. Sometimes, clearing your beginning inventory at a discount will boost your profits. Displaying corporate citizenship in a responsible and socially acceptable manner for not less than 4 years. Oh, how I wish I had known all this before I began playing. Dont be fooled by cheap imitations by common Industry Champions thatgloss over the obvious. After watching this comprehensive 75 minute video I haverecentlyfilmed, you will know exactly what you need to do to be successful. Thats one of the things you should never do because you can always use capacity. While those two values do not change your S/Q rating, they will change your net profits. Im not talking about theory and how to play; Im talking about a proven system that helped me become Business Strategy Game Grand Champion. On this screen, you can handle your financial decisions for your company. I suggest you upgrade your browser. 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. If you really need money, I would rather advise you to issue some of your stock. However, there are still some other voluntary decision that will prepare you for future decisions. To be a Business Strategy Game Grand Champion, you have to firmly understand every nitty-gritty little detail within the Business Strategy Game Manual. If you have your AP price set to e.g. I always went with 500 every second year, but it depends on your market and competitors. Okay. 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. The styling/quality (S/Q) ratio of the business venture in the different geographic locations they operate in. How to solves this situation ,have you given us any suggestion. Thats a game changer!! 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. You are now all set to dominate your industry and win the BSG! 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. 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 put $1.00 pay dividends, which turned out 20,000k in total. Develop a fictional startup in a choice of industries, playing in modes including entrepreneur, business war or Virtonomics tycoon. Similar to the branded production, try out the different values to see which combination will give you the lowest Average Production Cost value for your plant and hence, the highest profits. I would still go for the 50 models and make sure to buy or build capacity so you have enough for your private label. 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. 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. 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. It is best to build only as much capacity as you can afford without taking any loans. Hi Fin, Thanks for the detail post and the screen shots. Important: Your Sales volume, not the production volume that includes the rejected pairs! In the upper left box, you have available sources of additional cash. If it is 0%, that is fine as well, do not worry about it. The importance of buying back stock early and how buying back stock gives you an edge in the game. I include tons of free information to give you a leg up on your classmates on my blogroll. I am in Y12, and I am adjusting for Y13. With remaining the cash on hand, try to buy back stock, pay off your loans from the beginning of the game, pay back dividends, and upgrade your plants. So, why not win the Business Strategy Game and stop your worrying. 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. If youd like an overview of the content we publish, take a look here, and if youre interested in Glo-bus, start here. 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. It's customized for you to run the company in direct competition with other class members. 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. Exactly. 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. Skip the fancy words so many other guides drone on about BSG, andget down to real execution of business strategy. Thank you, Fin! In this multiplayer business simulation game, Virtonomics players must strategically build their virtual companies to become successful Virtonomics entrepreneurs. Strategy and Execution is your shield and sword for Conquering the Industry. In the case where other competitors are employing this strategy; strive to be the first team to get the most points. Before you even start plugging in any numbers, it is important that you decide for a strategy to pursue for the game. . Like I said before, you should be building capacity, yes. Here's a free video of things to watch out for while you are running your shoe company and competing in the BSG. Do this for all the four regions. Dont let them beat you to it or you simply wont stand achance. How Much Capacity Should My Company Have? However, it is not necessary and Option C is definitely more effective. . I personally would not bid higher than $5,000 $6,000. ? We have good market share in NA and, last year, we needed to ship the rest of the shoes from AP (incurring in shipping and tariffs costs, hence, the thought of adding capacity in LA). The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. Same with all the other values, like I described in my blog post And then use all your remaining shoes for the private label market. 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. Using this as a base strategy has yielded good results in my experiences. Business simulation games allow you to experience certain aspects of running a business in a completely virtual, consequence-free environment. 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?. However, do not forget to calculate your possible additional expenses for your celebrities. It took me years to learn this and it would take you years as well but,I know you dont have years. Let us take a look at the Plant Capacity / Upgrades page first. When starting the BSG, you have two long-term loans; one for 5 years, the other one for 10 years. So, play around and find the best combination for your given S/Q rating that yields the highest net profit. I started with paying $0.05 dividends and increased it by $0.05 every year. Also do you know the cost of building additional capacity. thank you for your help. my advice would be to read my guide and follow the steps. With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. I will walk you through each page chronologically. I wish you the best of luck for your game. 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. Thanks for your strategy! update them with tips and food for thought from the paid guide. Focus on Net Profit, ROE (very important), Credit Rating, Image Rating is quite easy to control and also Stock Prices. That combined will give you a good boost for the last year. On BSGTips, we have an email service and forum to handle any support issues you may have. Especially with our high quality and low models strategy, this will be very beneficial and will safe you some money. 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). Thank you so much for your reply! It sometimes works. Theguide will show you how to make your company lean and agile to cope with the industrys marketplace. Hi there! The private-label sector is something you do not want to miss out on, especially with our high quality, low models strategy. im at year 17 and perfect score twice, 1st in last 3 years and 2nd twice. Thank you so much! In addition, your Retail Outlets values should always be the highest number possible that you are allowed to enter. Learn tips & tricks, from a BSG Grand Master! I just have a quick question. The decision is due tonight I am so nervous but the performance score so far looks good. Hence, make sure to plug in every possible value to reach the highest net profit possible. 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. The only thing you wont get is Magic Year 11 Secrets Revealed.Dont Wait! The two most important values you want to have as precisely estimated as possible are the industrys average wholesale price and S/Q rating. Okay! It will give you some immediate tips you can implement to start off on the right foot or begin turning things around. So when following the steps described above, you will have positive ending cash really soon again. In the instance where a plant is available for purchase, buying one would be the ideal option because you will be able to save time and up to 20% of the money that would have otherwise been used to build one. After you have found the right price, click the Save Decisions button.