Should I decrease the pay dividends and do stock repurchase in Y13? 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! Dont blindly waste recourses on a celebrity tag; be strategic to make sure you will get the return on investment. Again, try out each percentage for each region and set it to the percentage that yields the highest profits. Important: Your Sales volume, not the production volume that includes the rejected pairs! 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. Definitely helps! 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. Free shipping will most likely not increase your profits. So where to look at this thing, as soon as you start the BSG Online Game. Thanks! 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%. This means, you decide about the S/Q Rating of your branded pairs produced and your compensation and training for your employees. Global Top Performers Aim for a higher credit rating of B+ or above. You need this capacity for the private-label market. They WILL work for you too and can adapt to EVERY situation. You possible might decrease your net profits with this, but it is definitely worth it and will pay off in the long-run. You can do this by paying off your loans at the earliest possible time. 7 Winning Tips and Strategies for the Business Strategy Game (Bsg Okay! Yes, I am talking about the www.bsg-online.com for 2023. This is probably the most important decision entry page in the game and you will be spending most of your time here. I adjusted a little bit and the forecast is now close to previous years. Two decision rounds later, I was ranking 3rd in the world. If you will not be able to get a return on your investment over the remaining period, it might be a good idea to forego the upgrading process. You basically do the same thing over and over again, for every decision round. My group and I are also playing the new version of the game and were little bit lost. Let me ask you this. In this blog post, I will run you through everything important that you have to know about the BSG and how to win it. Ideally, you can cut your employees wages and will increase profit. Go ahead and try out which combination yields the highest profits. This can be a very tricky decision and you need to analyze your competitors prices. Before you even start plugging in any numbers, it is important that you decide for a strategy to pursue for the game. However, keep in mind that your regional endorsement value should not be higher than 400 in any region. Do the same for your E-A and A-P volumes and plug them into the A-P manufacturing slot. However, do not forget to calculate your possible additional expenses for your celebrities. Who Else Wants to Win Business Strategy Game? | BSGTips 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. Also, I suggest not decreasing your dividends. Economic Impact of Hurricane Harvey and Hurricane Irma, Temporary Oil Price Changes Hold Back Consumer Spending. By clicking on the Purchase Capacity button, you can see whether someone else did the mistake and sold capacity. 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. No worries, this is logical and you did nothing wrong. You might think that using green footwear materials or using recycled boxing / packaging is a good decision, especially with the currently ongoing environmental debates. Those that are already playing the BSG Online and are going bankrupt and/or are dead last. After you have found the right price, click the Save Decisions button. It is all about trying out all possible combinations. If you bid on multiple celebrities, it is good to set a ranking priority and a spending cap so that you do not spend more money than you want or have available. We had a bunch of copycats in practice year 12, but nobody has figured our profit-maximizing, low-cost strategy, and now theyre pursuing higher models in the real game. However, it will also decrease your ending cash. I guess because i grew too fast last week, this weeks net profit is negative (I didnt make any adjustment yet). 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. Understanding all these reports will help you stay ahead of your competition as well as come up with the strategies that will enable you to perform better in the simulation. my advice would be to read my guide and follow the steps. 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. However, there are still some other voluntary decision that will prepare you for future decisions. You cannot afford to followsimple techniques and fail! But this year the shipping is too high from AP to LA so I cannot make any money from LA. This is also linked to having production facilities in that market to support it. Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. Because with more capacity, you can offer more pairs in private label and dominate the market there. These games often involve managing resources, making . Im an excel and math geek and started to break the game down and understand it on a deep level. These simulation games can help you develop hard. Im playing the new version of the game, and your guide has worked perfectly for the first two years! These are some of the tips you can use to win the business strategy game. You are playing the BSG but do not want to read the 35-page Players Manual? This decision page deals with your plants. Five years ago, I was sitting in a similar situation as you. You will need those numbers later on. 7 Winning Tips and Strategies for the Business Strategy Game (Bsg) 2022-10-12. Business strategy game Rating: 7,4/10 916 reviews. Learn how your comment data is processed. Thats the highest achievement you can attain. How Much Capacity Should My Company Have? Dont let them beat you to it or you simply wont stand achance. When I played the game, I barely looked at what my competitors were doing. That summer, I played in the Business Strategy Game Best Strategy Invitational (BSI) and won that as well. After you have calculated your new regional wholesale sales volume, add the regional internet sales volume to it. I highly recommend starting below with my free tips guide. You might have the highest profits with 0 advertising budget. There are tons of possibilities in the Business Strategy Game, and the wrong strategy in the wrong circumstance willCOST you the game. No spam. Increase models? But strategy wise I always sticked to my maximum net profit strategy which you can do no matter your competitors strategy. Download Magic Year 11 Secrets Revealed NOW. 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. 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. 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. If not, see what positive percentage yields the highest profit for you. The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. Two of the most important things to do here are analyzing your competition and optimizing your values. You are now all set to dominate your industry and win the BSG! After you have done this for both the N.A. Aim to dominate at least a quarter of the market share in every geographical area of your companys operations. 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. At the same time, youll generate significant amounts of income from the hardest market to extract revenues from. Learn More Created Oct 30, 2013 Restricted 753 Members 5 Online Moderators Moderator list hidden. You will also receive a copy of Currency Made Simple. Those that are already playing the BSG Online and perhaps want an edge over the competition. Promise I wont have tons of question haha. This Reddit is dedicated to help undergraduate and graduate students excel at the McGraw-Hill Business Strategy Game or BSG-Online. 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. Or you have read it but still do not know what strategy to pursue or what is going on? If it is lower than 40%, your wholesale price will be in competition with your internet price. If not, I dont see the need to purchase equipment in order to make more shoes until the demand begins to encroach upon my shoe making capacity. Select from a pool of diverse individuals who will bring in different opinions and perspectives to the team. 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! And you can basically never have enough capacity for private label. How did your 2nd decision go? Does it hurt any other factors? 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. Concerning changing others values, I recommend reading my initial post where I have explained everything in detail. This is where consumers get the best quality of footwear at the lowest possible price, therefore ensuring value for their money. Focus on Net Profit, ROE (very important), Credit Rating, Image Rating is quite easy to control and also Stock Prices. 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. Using a game strategy to push a business forward is a different approach, but it has been proven successful for many. Im giving away adeadly secretinsideMagic Year 11 Secrets Revealedthat will make a person number 1 almost no matter what. I wish you the best of luck for your game. You now have an estimate of how many shoes you are going to sell in each region. Here are some of the best tips for accelerating your business. So having understood what the image rating of a company is based upon, how can you improve it? Do you have any suggestions? Here, you have the opportunity to sell your existing capacity. From the desk of: a Business Strategy Game Grand Champion. You will have secret access to private areas of the site and get to ask questions with my personal expert replies. Beating the Business Strategy Game About the Guide. PS: I left a comment, but I did not see it and thus retyped. Emerging on top of this simulation can be quite a challenge. Otherwise you will not sell any shoe either. 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. But the plant page did say not recommend to build the plant so I was hesitating. It makes sense to do the upgrade before adding capacity. Yeah I will hold on to that for now. Hi, youre welcome. I include tons of free information to give you a leg up on your classmates on my blogroll. This site uses Akismet to reduce spam. Theres everything explained in detail. So do you mean although we sell exactly same shoes it does not matter even my rivals price is lower than mine so long as i can maximize my profit? After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. 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. Hi Lee, 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. At the end, I increased dividends to boost my ROE. 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. I mainly looked at what they were doing in the private label sector. After you have calculated the manufacturing volume for each region, add up your N.A. You can still ship pairs from LA to somewhere else if needed. 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.) Hi Fin, Thanks for the detail post and the screen shots. Were at the middle of the pack and wanted the best strategy to move up the ranks. Sounds good, congrats! Hello. (0 for both stock issues and stock repurchase). The information is these . The guide also features step by step instructions in how to manage decision screens in making the best decision. How important is image? However, when pricing your shoes, keep in mind to set the price at least $5 below the wholesale price average. I am having trouble getting my company back into the positive ending cash after taking out a loan. Let me know if you have any more questions. For long term celebrity contracts and endorsement, bid for them in the early stages of the simulation. It has two components. After a couple of decision rounds, you will get a feeling for it and it will become easier, no worries. Thanks a lot! If you have your AP price set to e.g. I hope that helps and good luck! This decision page is mainly a waste of money and we will not spend a lot of time with this page. You will soon know why. Worst case, all the demand is already satisfied in your region before your shoes at a certain price is being considered. Business Strategy Game Tips - . The most important advice in advance: it is all about PROFIT. I guarantee or your money back (with a 100% success rate so far) you'll win the game with the purchase of the guide. The rule of the game is to compete with the other students' teams to stay ahead to gain a competitive advantage over other teams. I was wondering how much more additional capacity that I should purchase after Ive bought the first 1000 for NA. I shut them down fast and knocked them out of the running. (Im adjusting for Y13 now). Switch between different advertising budgets to see which strategy will be the most cost-effective to capture the target market at the best price. On this screen, you can handle your financial decisions for your company. By employing the best cost strategy. Business Strategy Game (BSG). Do you have any tip/tricks on - reddit The BSG tends to underestimate those values by about 20% and hence, you need to correct them for a more precise estimate. I see this every semester, and you dont want it to be you. 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. So, should I decrease pay dividends here to $0.15? 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. Since youre only in the second year, I would honestly decrease your models to 50. Leave everything else unchanged. 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. Personally, I would do a higher SQ to start things out while you are building capacity to match the low quality-high model approach. We were actually thinking on building capacity in LA for next year, however, two of the other teams already built capacity for 6,000 pairs in total (we are only 4 teams in total). and L.A. volumes and finally plug them into the NA manufacturing slot. However, if you happen to use overtime at either of the two plants, plan on increasing the plants capacity in this decision round. So, multiply your sales volume for the wholesale segment for each region by 1.2. 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. Try and set it to Yes. 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.
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