When you sign up for BSG Tips, youre not alone. How and when to buy celebrity endorsements at the BSG-Online. The end result counts. and L.A. volumes and finally plug them into the NA manufacturing slot. So, play around and find the best combination for your given S/Q rating that yields the highest net profit. Well some Industry Champions have such an easy time winning because the people theyre going up against simply didnt care about the BSG. Paying dividends will increase your stock price and your ROE. unfortunately I have no experience with adjusting to my strategy in the late-game. This can be a very tricky decision and you need to analyze your competitors prices. Business Strategy Game player with a career stretching back to 2006 and throughmultiple versions of BSG. With increased competition, prices tend to decrease. The styling/quality (S/Q) ratio of the business venture in the different geographic locations they operate in. The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. That being said, when you go with the strategy explained in my post, you will have maximized profits. Free shipping will most likely not increase your profits. 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. 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. SAVE TIME & PASS YOUR CLASS Amplify Your BSG Online Score: https://www.bsg-game.com/select-time Derek's "Pass Your Class Guarantee" . This is probably the most important decision entry page in the game and you will be spending most of your time here. I will talk about the Celebrity Endorsements page later. The most important advice in advance: it is all about PROFIT. 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. You dont have to care about your retail outlets anymore so adjust the price so maximize your net profit, without the 40% rule. I was thinking about building a LA plant because I took the majority of private label there last year. Business Strategy Game Tips - . If it is 0%, that is fine as well, do not worry about it. Do not focus too much on Ending Cash, but keep focusing on Net Profit, try to increase that over each years. Let us take a look at the Plant Capacity / Upgrades page first. The BSG Ultimate Solution isTHE ONLYGUARANTEEDone-way ticket to winning the BSG. 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. Any questions you have or any problems you encounter,you can get my expert advice asa BSG Grand Champion. Its not too late to do that yet. I still think its a waste to build a plant there, unless youre selling tons of shoes (high models, mid SQ). You will soon know why. The first is the paid guide. I followed your recommendations, and I have a good rank. Year 11 might be over for you. 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. Now, I am worried about the future rounds. 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. You are now done with your private-label decisions and all significant decisions that affect your net profits. It typically keeps increasing until a certain price point and then starts to drop. So for our strategy, it should be 7 stars at the beginning. Do this for all the four regions. I let the rest remain the same in the entry. That combined will give you a good boost for the last year. I am getting my butt kicked! 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. I personally would not bid higher than $5,000 $6,000. Definitely helps! Players must make decisions to build brand loyalty by improving . Strategy and Execution is your shield and sword for Conquering the Industry. This like a trial and error process and does not necessarily have to make sense. If it increases your profits, leave it at Yes, otherwise set it to No. If not, see what positive percentage yields the highest profit for you. I personally find it easier to pursue and had more success with it in the past. 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. And he also purchase 4000 capacity in the first year but no advertising expenses. Based on the kind of approach you will use, you might find it useful to keep some of the costs low. 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. Is your strategy also works for my situation? R.O.E is the measure of the ability of a company to generate profit. My undergraduate business strategy teacher made us play the BSG-Online simulation for 40% of our grade. Im playing the new version of the game, and your guide has worked perfectly for the first two years! What should I do for year 12 and 13? 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. 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. . Ship all the other shoes for the Europe-African warehouses and the Asia-Pacific warehouses from the Asian-Pacific plant. I would definitely increase your S/Q rating to 8* and lower your models to 50 (this should be the lowest you can go if I remember correctly). The business level strategy used can be replicated by anyone and is so brain-dead simple that you are destined to win if you apply these techniques. You now have an estimate of how many shoes you are going to sell in each region. It is usually best to repurchase stock at the beginning, when your stock prices are relatively low. Always keep that in mind when formulating your strategies and leave room for adjustment where necessary. Chances are it would be a piece of cake right? I recommend increasing capacity and keep focusing on your profits. Be in it for the long haul 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. If this scares you, it should. Hi, Im glad to hear that it helped! The higher your celebrity endorsement value for a specific region, the more your advantage in attracting buyers to purchase your branded footwear. When you are deciding whether to upgrade your plant capacity, time is an essential factor. I am in a box where every move I make to lower cost or shift production lowers my EPS or credit rating. This is why building additional capacity is so important. However, after 3-4 years, your competitors will settle and changes will be more predictable. It has two components. So I doubt on his strategy. So where to look at this thing, as soon as you start the BSG Online Game. If you found your highest value for the best net profit, move on to the next value and do the same. But it is definitely worth it. When contracting a celebrity, your advertising efforts in the Sales Forecast section should not be low. Yes, I am talking about the www.bsg-online.com for 2023. I want to thank you for visiting my Business Strategy Game (BSG Online) website. Other teams in your industry wont stand a chance when you unleash the tactics we teach. Focus on Net Profit, ROE (very important), Credit Rating, Image Rating is quite easy to control and also Stock Prices. After you are done, move on the left side and do the same for your internet sales. Promise I wont have tons of question haha. With my help, tips, techniques, and strategies, your competition doesnt stand a chance! Here, you will plug in your previously calculated regional total sales volume for each region. I would recommend purchasing the upgrade for both of your plants within the first four years. And should I do stock repurchase this year? "In terms of scope and comprehensiveness, it has no equal in the world of business . No worries, this is logical and you did nothing wrong. As I played the game, I discovered that I could use some fairly simple math to massively increase my game score. Thank you so much for your reply! All the while you get lost on what was really importantto do actuallywin. Im glad I was able to help and good luck to you! 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). However, my net profit is still negative even after i have adjusted the private-label. This game can be overwhelming, so anything to help other players! A quick e-mail to your inbox. If I have cash available after doing all my decisions, I like to alternate between building additional capacity, purchasing plant upgrades, paying off loans and repurchasing stock in the following years. Like I said before, you should be building capacity, yes. Your Delivery Time should be set to 3 weeks. Concerning changing others values, I recommend reading my initial post where I have explained everything in detail. How can I increase my game score? 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. Hi, You should slightly increase your dividends year by year. Most of the decisions you can make here are a waste of money and will not benefit your company. Make sure the celebrity is suitable in the geographical region you want them to endorse your shoes. Dont let them beat you to it or you simply wont stand achance. This Reddit is dedicated to help undergraduate and graduate students excel at the McGraw-Hill Business Strategy Game or BSG-Online. However, do not forget to calculate your possible additional expenses for your celebrities. You cannot afford to followsimple techniques and fail! This enhances the marketing efforts for the brand. The guide also features step by step instructions in how to manage decision screens in making the best decision. Authorize your construction and you save your decisions. update them with tips and food for thought from the paid guide. You almost can never have enough capacity because what you dont sell in branded, you can sell in private label and dumb prices there and take away your competitors market share. I include tons of free information to give you a leg up on your classmates on my blogroll. To boost earnings per share (E.P.S) you can use the cash at hand to retire and repurchase any outstanding shares. With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. 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. Everything else like earnings per share (EPS), return on equity (REO), and image rating (IR) will automatically follow. You always want to make sure that you produce your sales volume for N.A. However, it will also decrease your ending cash. Switch between different advertising budgets to see which strategy will be the most cost-effective to capture the target market at the best price. In the first years, the estimate of the industry average might be a little off the +2%. Since youre only in the second year, I would honestly decrease your models to 50. 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. (0 for both stock issues and stock repurchase). Some students even let it ride without making ANY decisions for years! 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! 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. Try and set it to Yes. Thank you in advance! If for whatever reason you arent satisfied with the guide, return it anytime for a full refund. Yes, despite your competitors building capacity as well, I recommend increasing capacity in a reasonable amount. Let me ask you this. Whether a member is suggesting a different. Also, I suggest not decreasing your dividends. After you have done this for both the N.A. After you have calculated the manufacturing volume for each region, add up your N.A. I daily (thank you, Hootsuite, for making it so easy!) However, with a reasonable price. I now have another question about capacity. Play the game multiple times and try to refine your strategies and entrepreneurial skills with each attempt. you can SUCCEED in the Business Strategy Game by following my SIMPLE tips, advice, and strategies. 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. 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 started with paying $0.05 dividends and increased it by $0.05 every year. This is very helpful. The image rating of a company is the way it is viewed as a brand, The image rating of a company is usually based on. But this year the shipping is too high from AP to LA so I cannot make any money from LA. Is there a system to beating the game? Let us move on to the tricky part of this decision page. With more inventory, however, you can put more shoes into private label which is a really important aspect of the game. I daily (thank you, Hootsuite, for making it so easy!) Just plug in numbers and note down your net profit values. The private-label sector is something you do not want to miss out on, especially with our high quality, low models strategy. While being in every market is a goal of a successful multinational company. If you have any questions, feel free to come back and ask them. Hi Dennis. You basically determine and run the market. Do not worry about your market share percentage or any other value than your net profit. Pay loans faster. The demand depends on your retails, price and quality. Your competitors are most likely looking for this information too. Almost done, the last decision page. Most Industry competitorsarentable to replicate high results when they face tougher opponentsand have asimpleunderstanding of the Business Strategy Game. The information is these guides is laid out, and displayed, in such a way . Hi, I like to have around $8-10 million ending cash available after all my decisions are made. Oh, how I wish I had known all this before I began playing. Thats a relief. This would leave you with a bunch of shoes unsold. Business Strategy Game - Capitalism Lab. 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. So I run into problem again! Furthermore, I spent all my cash on hand for dividends and stock repurchase to increase my ROE and EPS as much as possible. What is this Currency Made Easy! You need to get confidential,accurate,comprehensive, andreliablyup to dateinformation from a trusted andPROVENBusiness Strategy Game source. Those that are already playing the BSG Online and perhaps want an edge over the competition. The private-label market is a very nice opportunity to gain an advantage off your competitors and take their market share. Thank you! I guess because i grew too fast last week, this weeks net profit is negative (I didnt make any adjustment yet). They WILL work for you too and can adapt to EVERY situation. However, you should keep on thing in mind: Your internet price should ideally be 40% higher than your wholesale price. havr the highest stock price, image rating at 90, A+ still, and double digit EPS. Every game in the Business Strategy Game starts out the same. Should I decrease the pay dividends and do stock repurchase in Y13? I will just adjust it first and see what happens, thanks a lot:). I would always encourage you to bid on available celebrities. You are almost done for the Sales Forecast decision page. Those that are already playing the BSG Online and are going bankrupt and/or are dead last. 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 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 lower half of the page, you also determine how many branded pairs you want to manufacture in each region you have a plant. Before you even start plugging in any numbers, it is important that you decide for a strategy to pursue for the game. If I have further questions do you mind I ask you for help? you should repurchase stock whenever you can. Its a lot of trial and error until you find the best possible value and it takes a lot of time at the beginning. Theres everything explained in detail. Learn how your comment data is processed. Now, decide to which region you want to ship your private-label shoes. This is also linked to having production facilities in that market to support it. Looking at the North America column, you now have to plug in your values for Wholesale Price, S/Q Rating, Models Available, etc. And Im so thankful for your post!!!!!!!! The best business tip I have received so far is to have a backup plan for all your moves. Automated page speed optimizations for fast site performance, Capsim Winning Strategies and Simulation Tips, Leadership and Management Assignment Help. 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. In Y12, I paid early payment 12,000k at 8.5% and continued borrowing 70,000k at 4.5% for 5-year). thank you:). (In Y11, I did the 5-year loan with 12,000k (7% interest). 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? Weve solved EVERYTHING for you. 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 rule of the game is to compete with the other students' teams to stay ahead to gain a competitive advantage over other teams. The celebrity endorsement will work well only if it is boosted by aggressive advertising. Should I continue expanding NA or AP and by how much? Hi. However, do not rely on those values. Take advantage of my highly-guarded distribution decision strategy that Ive used to reap the benefits of the complex tariff rules and exchange rates. Yes, I would definitely do plant upgrade option C! 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. Again, this can be trial and error for a couple of decisions but you should get a feeling for what multiplier is best for your company. This isthe lazy wayof winning the Business Strategy Game and requires very little knowledge and effort on your part. This will save you money in the long run and at the same time boost your credit rating positively. 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! 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. 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. So for the last year I didnt stick to the rule that the internet price has to be 40% higher than the wholesale price. This is your new, more precise regional wholesale sales volume. I am having trouble getting my company back into the positive ending cash after taking out a loan. At the same time, youll generate significant amounts of income from the hardest market to extract revenues from. Hello. Setting up a successful business requires time, money, a lot of hard work . I am currently dominating my industry, and closing in on the top 100 list! The Business Strategy Game or BSG is a simulation game used by, different colleges for their Business capstone. Over the course of many years, I have seen a plethora of situations, companies with a BILLION dollars in debt, people making strategic mistakes that willruinthem in the LATE GAME. No worries, it will be easier after the first few years. So, should I decrease pay dividends here to $0.15? One week they might increase, the other they might increase by just a little or even decrease. Market share is not crucial for your success in the BSG, but profit is. 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). When doing so, you have to plug in numbers for the assumptions section in the new window. By employing the best cost strategy. Here are factors to be considered before picking a celebrity. Use of my strategy creates a landslide effect that, as you can see, is very devastating to all opponents. Strategy 1 - Align simulation with learning objectives. This decision page deals with your plants. You do not want that to happen, especially because your internet sales only account for a small percentage of your entire sales. sales volume estimate. Again, trying out different combinations and optimizing net profits is key for these values. It is definitely around 1.2 though and I recommend starting off with this value. I suggest you upgrade your browser. Pay attention to the plant upgrade options as well. It will be, trust me. The best part is that, after it is in place for 3 or more rounds of play, the effects become almost irreversible. that helped me become Business Strategy Game Grand Champion. You should pay attention that your S/Q Rating of Branded Pairs Produced matches your value on the Sales Forecast page. 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.) construction cost to be financed with debt. They have all changed by +2%, just as you plugged it in. However, you can successfully apply most of the following tips to either strategy. If Im wrong, Ill post another comment. Sure, you can ask anytime If you add capacity it will show you the price. Do you know why is that? Do I need to change another setting on another page for this to remain positive? 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. Beat the Business Strategy Game. You might have the highest profits with 0 advertising budget. Write down each regions reject rates and add them up to the regions estimates sales volume. This decision page is mainly a waste of money and we will not spend a lot of time with this page. In the upper right box, you can spend your excessive cash. On BSGTips, we have an email service and forum to handle any support issues you may have. Thank you so much for the good recommendations. Buy I have quite a lot ending cash. Learn More Thats the highest achievement you can attain. I know every strategy, secret, and tip you can possibly imagine about the Business Strategy Game, and Im willing to share them with you. 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%. 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. You are playing the BSG but do not want to read the 35-page Players Manual? On this page, you will optimize your entries and toggle each value until your reach the maximum profit possible for each entry. Ideally, you can cut your employees wages and will increase profit. But again, thanks! Learn a little more about the theoretical concepts behind the game in our Free MBA course. Do the same for your E-A and A-P volumes and plug them into the A-P manufacturing slot. Buy Now with PayPal. Do not worry about those numbers, they will just show you whether your investment is profitable or not. The information is these . The celebrity should also be compatible with the product, for instance, a football player would be ideal for a sports shoe endorsement. 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. Your estimate of the industry average for the internet retail price does not change with your adjusted competitive that you set to +2% before. Same for your superior material. As already mentioned earlier, not every decision has to make sense. After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. A business strategy game is an exercise that requires critical thinking and problem-solving skills, similar to what an entrepreneur may use while running their daily operations. Thank you very much for your kind words! Otherwise you will not sell any shoe either. I never really watched my EPS or credit rating (ofc credit rating should be a B at least). These simulation games can help you develop hard. Hence, make sure to plug in every possible value to reach the highest net profit possible. 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. Created Oct 30, 2013 Restricted 753 Members 5 Online Moderators Moderator list hidden. 2. 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. My guide follows the rule highest net profit is key to success. In the Private-Label Production field, use all your remaining available capacity, even overtime. For many students, winning the Business Strategy Gamecan be the difference between PASS and FAIL. Thanks a lot! Is this guide guaranteed to make me win? Could you win the Business Strategy Game against a bunch of 5th graders? Currently, were selling 150 models. Please delete one if there is an extra comment. You can only do one upgrade at a time in each region and a total of two updates per region.
business strategy game tips