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I guarantee or your money back (with a 100% success rate so far) you'll win the game with the purchase of the guide. 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. 7 Winning Tips and Strategies for the Business Strategy Game (Bsg Hi Dennis. Let me walk you through the various decision pages and explain you how to optimize each entry. However, if you happen to use overtime at either of the two plants, plan on increasing the plants capacity in this decision round. 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. Emerging on top of this simulation can be quite a challenge. Thank you so much! The guide also features step by step instructions in how to manage decision screens in making the best decision. Do you have any suggestions? 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. What Poker Strategists Say Poker is an incredibly strategic game and as such, there's a lot to learn from its big players. Leave everything else unchanged. Aim to dominate at least a quarter of the market share in every geographical area of your companys operations. I recommend increasing capacity and keep focusing on your profits. Virtonomics. Learn tips & tricks, from a BSG Grand Master! You now need the forecasted Regional Sales Volume for both the Internet Segments and Wholesale Segments in all four regions that you wrote down earlier. 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. However, I would recommend not taking out any loan if possible. Business Strategy Game Tips - . Dont be fooled by Cheap imitation Business Strategy Game guides you might see online. At the same time, youll generate significant amounts of income from the hardest market to extract revenues from. We give you. After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. 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. After you have decided to which region to ship your shoes to, go ahead and set your Superior Materials Usage value and your Enhanced Styling / Features value. Once you have enough capacity then switch to low SQ approach. Max OUTyour production with the high quality shoes at the lowest possible cost. On this page, you will optimize your entries and toggle each value until your reach the maximum profit possible for each entry. Login Scroll Down Your browser does not support the video tag. 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. Your Delivery Time should be set to 3 weeks. After a couple of decision rounds, you will get a feeling for it and it will become easier, no worries. BSG Report, Part 2 - BeatBSG . 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. So your costs will be relatively low as well and the private label will be a very important factor of yours. Some students even let it ride without making ANY decisions for years! More capacity also brings down your costs. It is all about trying out all possible combinations. Again, try out each percentage for each region and set it to the percentage that yields the highest profits. Again, maximizing net profit is all you care about with our strategy determined at the beginning. I wish you the best of luck for your game. You will have secret access to private areas of the site and get to ask questions with my personal expert replies. Its a lot of trial and error until you find the best possible value and it takes a lot of time at the beginning. If it is 0%, that is fine as well, do not worry about it. Theres not right amount of capacity you should purchase. Play with your numbers around and tweak them to generate maximum net profit. The information is these . However, keep in mind that your regional endorsement value should not be higher than 400 in any region. This is extremely easy and if thats all you want, then grab The Ultimate BSG Solution right now and guarantee your success. 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. How important is image? This game can be overwhelming, so anything to help other players! By clicking on the Purchase Capacity button, you can see whether someone else did the mistake and sold capacity. The first is the paid guide. 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. Or you have read it but still do not know what strategy to pursue or what is going on? The private-label market is a very nice opportunity to gain an advantage off your competitors and take their market share. In addition, you have the option to repurchase your stock. Hence, find the combination that gives you the highest profit. Theguide will show you how to make your company lean and agile to cope with the industrys marketplace. More than often they drone on and on about BSG, to the point, its barely relevant toimpress you with abunch of words. But the plant page did say not recommend to build the plant so I was hesitating. Try out each and every value and note down the highest net profit values. The BSG Game went through a major revision in the beginning of 2019. In the first years, the estimate of the industry average might be a little off the +2%. 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. You will get the hang of it after the first few decision rounds as it is always the same procedure. Thank you! Business Strategy Game (BSG) Helpful Tips!!! - YouTube Learn tips & tricks, from a BSG Grand Master! honestly i started with 150 models at 6 stars and went to 200 and 7 stars, 8 in private label. Steal my conservative private label strategy that and immunize your company from bankruptcy. This would leave you with a bunch of shoes unsold. So I run into problem again! or A-P plant. Set Models Offered to 50 and Free Shipping to No. Copyright 2018 BGSTips.com | All rights reserved. like should I just follow your tips through all because I kind of get on a bad start. This is my personal procedure that has led me to become Grand Champion and nothing on the web can compare to my precision perspective of BSG. For your company to be on the right track the R.O.E should be at least 15% annually. (Im adjusting for Y13 now). Do this for all four regions. This is very helpful. Repurchasing stock will boost both your EPS and ROE. 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! Having an increased S/Q rating and lower prices boosts the image of the company positively. Hi, Do I need to change another setting on another page for this to remain positive? The celebrity should also be compatible with the product, for instance, a football player would be ideal for a sports shoe endorsement. NEVER do this. Hi Lee, Those that havent played the BSG Online yet and are researching online for every advantage they can find. With our strategy, you might want to think about getting Option A as well. And then I would just follow my tips and adjust all other values to maximize profits. What will I get for my $48? Hi, thanks for the great strategy! To do so, first plug in your N.A. I daily (thank you, Hootsuite, for making it so easy!) After you have done this for both the N.A. Sounds good, congrats! I am in Y12, and I am adjusting for Y13. We will now look at all the decisions you have to make to actually play the game and be successful with your strategy. The best Business Strategy Game Guide| BSG Help | BSG Guide However, if done right, it is worth the time as it will yield the maximum profit possible and success in your industry. Dave Mar However, you can successfully apply most of the following tips to either strategy. Business strategy game. . So having understood what the image rating of a company is based upon, how can you improve it? Sometimes thats cutting expenses, sometimes thats increasing expenses (even though it might not make sense at first). Also do you know the cost of building additional capacity. And you can basically never have enough capacity for private label. 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 thats won the Business Strategy Game. The private-label sector is something you do not want to miss out on, especially with our high quality, low models strategy. I started with paying $0.05 dividends and increased it by $0.05 every year. The rule of the game is to compete with the other students' teams to stay ahead to gain a competitive advantage over other teams. So for our strategy, it should be 7 stars at the beginning. Here, you will plug in your previously calculated regional total sales volume for each region. The guide features my original model that provides explanation on strategic positioning in BSG which was developed specifically to expose competitors strengths weaknesses at a glance. And you said I should only add capacity onto existing ones instead of building a new one in LA right? Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. One way you can maximize the R.O.E is to purchase stock at the earliest possible time. Then, you want to plug in your L.A. total sales volume estimate into theproductionslot for North America as well and add up your reject rates. Thank you so much for the good recommendations. Try and set it to Yes. Select +2% for the Percent Change in Competitive Impact of All Other Factors from Previous Year. The Business Strategy Game - Competing in a Global Marketplace I did not stock issues or issue purchase in the those years. The decision is due tonight I am so nervous but the performance score so far looks good. I am a Business Strategy Game Grand Champion. With more inventory, however, you can put more shoes into private label which is a really important aspect of the game. 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. Here's a free video of things to watch out for while you are running your shoe company and competing in the BSG. Paying dividends will increase your stock price and your ROE. In the case where other competitors are employing this strategy; strive to be the first team to get the most points. After you have done this, you repeat the same procedure for Europe-Africa and Asia-Pacific with the A-P plant because it is cheapest to ship shoes from A-P to E-A. Your interest rates depend on your credit rating and the duration of your loan. In this section, you can upgrade your plants. This means, without increasing your superior material or enhanced styling / features, you gain 1 star. For your company to stand out, it should ideally have an image rating of 70 and above. 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 am in a box where every move I make to lower cost or shift production lowers my EPS or credit rating. I would like to ask you about the Dividends. I suggest to go for maximum profits. Instantly Jump Your Business Strategy Game Score 10 Points for FREE! Use of my strategy creates a landslide effect that, as you can see, is very devastating to all opponents. Thanks for your strategy! After you have found the right price, click the Save Decisions button. Yes, despite your competitors building capacity as well, I recommend increasing capacity in a reasonable amount. 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. For all following decision rounds, you do not have to return to this page, as I advise you to always keep those two options and not change anything else on this page. Nine Game-Changing Business Tips That Helped These - Forbes My group and I are about to complete year 17 for the game. Avg. values have changed. 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. And Im so thankful for your post!!!!!!!! When coming up with a CSR initiative, ensure that the budget can be sustained over time without burdening the company. Do not worry about me skipping the Internet Marketing, Wholesale Marketing, and Celebrity Endorsements pages. 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? 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. Aim for a higher credit rating of B+ or above. You have to dissect your competition and forecast their every move. This is your new, more precise regional wholesale sales volume. Do this for all the four regions. The only thing you wont get is Magic Year 11 Secrets Revealed.Dont Wait! 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 . I cannot make any money there. You then want to select 0% as the Portion of the $XX mil. Like I explained in my blog post, do everything that is necessary to increase and maximize your net profits. Just plug in numbers and note down your net profit values. Grow the stock price of your company's shares by at least 5% between the years 10 and 15. Using Game Strategies to Get Ahead in Business - CEO Hangout The profits of controlling the industry will help you win the business strategy game. I see this every semester, and you dont want it to be you. The same accounts for your Change in Annual Base Wages and Incentive Pay values. Your numbers might be a little bit off due to the reject rates. Hi. Business Strategy Game Tips Guide Introduction Video 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. However, it will also decrease your ending cash. Beating the Business Strategy Game About the Guide. Those that are already playing the BSG Online and perhaps want an edge over the competition. This will lead to greater visibility for your company and thus a boost in the image rating. 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. Every single member should be given the venue to express their thoughts clearly. So the question is: would you recommend for my team to still increase capacity despite this fact? 2. Which wholesale are you referring to? However, if you want to do it more precisely, note down each industrys percentage change over the years and use this number instead of the +2%. Here are factors to be considered before picking a celebrity. Ideally, you can cut your employees wages and will increase profit. (In Y11, I did the 5-year loan with 12,000k (7% interest). Some business simulation games actually put you in the position of a business owner, but others have varying storylines or themes that let players hone these skills in . Im glad I was able to help and good luck to you! 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. Ive played the Business Strategy Game many times through and have completely dominated my opponents every single round of every single game. Could you win the Business Strategy Game against a bunch of 5th graders? However, with a reasonable price. While those two values do not change your S/Q rating, they will change your net profits. 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. If you have your AP price set to e.g. Using a game strategy to push a business forward is a different approach, but it has been proven successful for many. Its not too bad, no worries. However, the private-label market is set up the way that only a limited demand is given each year. That combined will give you a good boost for the last year. However, it is not necessary and Option C is definitely more effective. 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. Everything else like earnings per share (EPS), return on equity (REO), and image rating (IR) will automatically follow. I am on my second year and I have negative income right now, any tips on how to get in the positive? 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. Were at the middle of the pack and wanted the best strategy to move up the ranks. Like I said before, you should be building capacity, yes. Hence, keep track of the industrys internet price and how it changes. If you really need money, I would rather advise you to issue some of your stock. Hi there! This is also linked to having production facilities in that market to support it. The second part is the free site resources. You are playing the BSG but do not want to read the 35-page Players Manual? The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. For the upgrade option C is the one to raise 1 star, but the actual cost it can save me every year is not a lot, should I still do that? It took me years to learn this and it would take you years as well but,I know you dont have years. Most Industry competitorsarentable to replicate high results when they face tougher opponentsand have asimpleunderstanding of the Business Strategy Game. 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. 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. Learn a little more about the theoretical concepts behind the game in our Free MBA course. 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. Best Business Simulation Games of 2022 - Business News Daily Im giving away adeadly secretinsideMagic Year 11 Secrets Revealedthat will make a person number 1 almost no matter what. The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. Go ahead and try out which combination yields the highest profits. How and when to buy celebrity endorsements at the BSG-Online. 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. 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. I let the rest remain the same in the entry. You basically determine and run the market. With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. Your estimate of the industry average for the internet retail price does not change with your adjusted competitive that you set to +2% before. We got our act together and began to study the game. According to the change, you can estimate the next years average industry internet price and plug it in. In the first few years, this will be pretty difficult to determine. You can do this by paying off your loans at the earliest possible time. Is your strategy also works for my situation? Should I continue expanding NA or AP and by how much? So, multiply your sales volume for the wholesale segment for each region by 1.2. Two decision rounds later, I was ranking 3rd in the world. On this screen, you can handle your financial decisions for your company. It is not. 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. Theres everything explained in detail. Which is better, cost leadership, integration, or differentiation? sales volume estimate. However, you can successfully apply most of the following tips to either strategy. if you have left over inventory, you should either work on your numbers as I described in my post or put the left-over shoes into private-label. Business Strategy Game Help - reddit 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. But I found ZERO helpful information online. These are some of the tips you can use to win the business strategy game. Almost done, the last decision page. On BSGTips, we have an email service and forum to handle any support issues you may have. Do not price your shoes too low, so that you will not make any profits with your sales. One option that you definitely want to purchase is Option C. Option C increases your S/Q rating by 1 star. For only $35, get instant access to the Business Strategy Game Guide. For only $35, get instant access to the Business Strategy Game Guide. However, do not rely on those values. Same for your superior material. Dont blindly waste recourses on a celebrity tag; be strategic to make sure you will get the return on investment. There are tons of possibilities in the Business Strategy Game, and the wrong strategy in the wrong circumstance willCOST you the game. I include tons of free information to give you a leg up on your classmates on my blogroll. Period. Profit is the key to success in this game! It can be very beneficial for you. Let me know if you have any more questions. However, to be able to do so, you need available capacity. Here, you are treated like a star. After you have calculated your new regional wholesale sales volume, add the regional internet sales volume to it. Always Have A Backup Plan. Promise I wont have tons of question haha. Hi, Chances are it would be a piece of cake right? From experience Id say tho that it is already too late to adjust to my strategy presented. The two most important values you want to have as precisely estimated as possible are the industrys average wholesale price and S/Q rating. Business Strategy Game Tips & Lessons Learned - YouTube I was a poor undergraduate college student, too, at one point, and I understand your unwillingness to pay for an additional book. R.O.E is the measure of the ability of a company to generate profit. Try out different combinations that keep you at 8* and the highest possible net profit. Year 11 might be over for you. This decision page deals with your plants. Choosing a Strategy - BeatBSG This can be a very tricky decision and you need to analyze your competitors prices. No worries, this is logical and you did nothing wrong. This Reddit is dedicated to help undergraduate and graduate students excel at the McGraw-Hill Business Strategy Game or BSG-Online. The fact that you are looking for help mean. You will soon know why. Skip the fancy words so many other guides drone on about BSG, andget down to real execution of business strategy. The best business tip I have received so far is to have a backup plan for all your moves. First, set your Number of Models to 50, as determined earlier at the Sales Forecast page. In any Business Strategy Game, including BizMAP, you will not get it 'right' in the first attempt. If Im wrong, Ill post another comment. The first time I played, I did exactly what you are doing: researching the internet. we are having a horrible time of having left over inventory .. we are in year 13 and our numbers are ok we were 1st place last on year 11 and second place on year 12 but i having a feeling we have been focusing so much on our current numbers we arent going to end well any advise on what we should do on inventory and other sections of the game. I have also included a Special 30 minuteAudio Companion for the Magic Numbers that is great for Year 11 starters! 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. I believe it varies based on your games situation. Otherwise you will not sell any shoe either. At the end, I increased dividends to boost my ROE. How can I increase my game score? This is probably the most important decision entry page in the game and you will be spending most of your time here. The importance of buying back stock early and how buying back stock gives you an edge in the game. This is why building additional capacity is so important. $50.66 but $50.67 gives you higher profits, go for the higher prices. Here, you will determine the Percentage of Superior Materials, Number of Models, Enhanced Styling / Features, TQM / Six Sigma Quality Program, Change in Annual Base Wages, Incentive Pay, and Best Practices Training. The higher your celebrity endorsement value for a specific region, the more your advantage in attracting buyers to purchase your branded footwear. 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. you should repurchase stock whenever you can. In Y12, I paid early payment 12,000k at 8.5% and continued borrowing 70,000k at 4.5% for 5-year). Well some Industry Champions have such an easy time winning because the people theyre going up against simply didnt care about the BSG. You now have an estimate of how many shoes you are going to sell in each region. It covers in detail all of the strategies, concepts, software features and tricks necessary to win the McGraw-Hill Business Strategy Game. Optimizing your values is the essence of the game, even though it might be very time-consuming. If you found your highest value for the best net profit, move on to the next value and do the same. Okay! It might be tedious work and consumes a lot of time, but it will definitely worth it and will let you win the BSG. For this blog post, I will concentrate on the high-quality + low model strategy. I have placed this manual and an easy-to-use currency spreadsheet on this site for you. When you are deciding whether to upgrade your plant capacity, time is an essential factor. Complement each other. 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. Thanks a lot! What should I do in this case? Please delete one if there is an extra comment. 39K views 1 year ago #businessstrategygame Here is my ultimate guide to help you ace the Business Strategy Game. If you see little action on the celebrity market, go ahead and get your celebrities for the lowest price possible ($500). Company operations are patterned after This means, you have a channel conflict, meaning that your Retail Outlets number will decrease in the next year and less retailers are willing to sell your shoes. The worst thing that could happenis you follow one of these guides to save a few bucks, to implement the strategiesThe Whole World Seesand end up LOSING the Business Strategy Game which may result in a low grade and possibly re-taking the class!