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Using Game Strategies to Get Ahead in Business - CEO Hangout 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. Yeah I will hold on to that for now. If for whatever reason you arent satisfied with the guide, return it anytime for a full refund. 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. You need your capacity and it is never a good idea to sell your existing capacity. I did not forget it, but we will take a look at it later. 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. The styling/quality (S/Q) ratio of the business venture in the different geographic locations they operate in. I let the rest remain the same in the entry. Using a game strategy to push a business forward is a different approach, but it has been proven successful for many. These are some of the tips you can use to win the business strategy game. 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. These simulation games can help you develop hard. and why do I want it? The BSG Ultimate Solution isTHE ONLYGUARANTEEDone-way ticket to winning the BSG. A free section gives the casual reader some tips and tricks in class and a paid guide for people who are behind and need to catch up or students who want to save themselves the headache and win. 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. 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). So your costs will be relatively low as well and the private label will be a very important factor of yours. (0 for both stock issues and stock repurchase). You will need those numbers later on. You cannot afford to followsimple techniques and fail! Created Oct 30, 2013 Restricted 753 Members 5 Online Moderators Moderator list hidden. Any thoughts? I daily (thank you, Hootsuite, for making it so easy!) Good communication skills. Buy I have quite a lot ending cash. 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. Automated page speed optimizations for fast site performance, Capsim Winning Strategies and Simulation Tips, Leadership and Management Assignment Help. Most of the decisions you can make here are a waste of money and will not benefit your company. Hi Fin, Thanks for the detail post and the screen shots. So for the last year I didnt stick to the rule that the internet price has to be 40% higher than the wholesale price. If Im wrong, Ill post another comment. Year 11 might be over for you. I only ever paid attention to my profits and I never ever sold capacity. Business strategy games are a type of computer or board game that simulates the decision-making processes involved in running a business. If you are completely new and your projected performance box is not showing yet, you have to click the Save Decisions button on the upper right-hand corner for the projected performance box to appear. Complement each other. congrats on your success! How Much Capacity Should My Company Have? Be careful: Sometimes, especially for advertising, numbers that are way off (for example $100 and $8,000) can yield about the same net profit with only a little difference. In the case where other competitors are employing this strategy; strive to be the first team to get the most points. Hello, BSG Report, Part 2 - BeatBSG But I found ZERO helpful information online. Its not too late to do that yet. When you found the best combination to produce your shoes at the lowest cost possible while meeting the S/Q rating requirement, move to the Private-Label Bids section. My undergraduate business strategy teacher made us play the BSG-Online simulation for 40% of our grade. One way you can maximize the R.O.E is to purchase stock at the earliest possible time. MyNewVideo Guide leaves nothing to the imagination. I will walk you through each page chronologically. So I run into problem again! Every single member should be given the venue to express their thoughts clearly. Skip the fancy words so many other guides drone on about BSG, andget down to real execution of business strategy. For your company to stand out, it should ideally have an image rating of 70 and above. Deciding whether to buy an already functioning plant or build one from the ground up will depend on; whether the geographical region you want to set up has a plant you can buy as well as the time that is available for you to set up a new plant. When there is a change in any aspect of operations it should be implemented upon approval of all the members. Period. Otherwise, their endorsement effect declines. However, it will also decrease your ending cash. This isthe lazy wayof winning the Business Strategy Game and requires very little knowledge and effort on your part. . You will also receive a copy of Currency Made Simple. You can also pay dividends to your shareholders. Business strategy game. Unused capacity kills your numbers and profits! After you have done this for both the N.A. Celebrities will enhance your marketing efforts and help you sell more shoes. The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. However, keep in mind that your regional endorsement value should not be higher than 400 in any region. The Business Strategy Game: Learn Why Some Students Continually Win I cant seem to find it. If you have any questions, suggestions, or comments feel free to comment and I will do my best to help you out. Let us take a look at the Plant Capacity / Upgrades page first. But this year the shipping is too high from AP to LA so I cannot make any money from LA. update them with tips and food for thought from the paid guide. Even more important is, to stick to it! However, do not price your shoes too high, so that your competitors have a lower price than you and will sell their shoes first. On BSGTips, we have an email service and forum to handle any support issues you may have. Oh, how I wish I had known all this before I began playing. I am in a box where every move I make to lower cost or shift production lowers my EPS or credit rating. At the same time, youll generate significant amounts of income from the hardest market to extract revenues from. and L.A. volumes and finally plug them into the NA manufacturing slot. Which is better, cost leadership, integration, or differentiation? I hope that helps and good luck! But the plant page did say not recommend to build the plant so I was hesitating. Turn delivery time to four weeks because it has no noticeable effect on sales but significantly affects EPS and Net Profit. 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. My group and I are also playing the new version of the game and were little bit lost. The importance of buying back stock early and how buying back stock gives you an edge in the game. I highly recommend starting below with my free tips guide. Hi! 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 Tips Guide Introduction Video Im not talking about theory and how to play; Im talking about a proven system that helped me become Business Strategy Game Grand Champion. After you are done, move on the left side and do the same for your internet sales. Virtonomics. The best part is that, after it is in place for 3 or more rounds of play, the effects become almost irreversible. You will also receive a copy of Currency Made Simple. On this page, you will optimize your entries and toggle each value until your reach the maximum profit possible for each entry. Again, try out each percentage for each region and set it to the percentage that yields the highest profits. You basically do the same thing over and over again, for every decision round. How and when to buy celebrity endorsements at the BSG-Online. Theres not right amount of capacity you should purchase. 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 that's won the Business Strategy Game. 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. Ive turned dead-last severely bankrupt companies into Industry Champions with just two years left in the game. Business Strategy Game Tips - Which Market Should I Produce Shoes In I am a Business Strategy Game Grand Champion. But again, thanks! It might be tedious work and consumes a lot of time, but it will definitely worth it and will let you win the BSG. I still think its a waste to build a plant there, unless youre selling tons of shoes (high models, mid SQ). 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 might think that using green footwear materials or using recycled boxing / packaging is a good decision, especially with the currently ongoing environmental debates. This can get confusing at the beginning so here is a table to show you the process. With our strategy, you might want to think about getting Option A as well. Fin. So when looking for advice on how to win business simulation games, the first one you should give them is to take the time to learn the effects of marketing, R&D, logistics and finance on one another and leave thinking in silos behind. 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. Use of my strategy creates a landslide effect that, as you can see, is very devastating to all opponents. You basically determine and run the market. This is very helpful. 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. 16 Business Simulation Games for Entrepreneurs Business simulation games allow you to experience certain aspects of running a business in a completely virtual, consequence-free environment. Obviously, the other teams and their decisions will play the biggest role in how you play the game, but this is a good starting point for how the game works and . Do not worry about me skipping the Internet Marketing, Wholesale Marketing, and Celebrity Endorsements pages. Hello, thanks for the great strategy, it is working (1st place) ! I was thinking about building a LA plant because I took the majority of private label there last year. 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. Here, you will decide for how much your shoe is going to sell. If it increases your profits, leave it at Yes, otherwise set it to No. The knowledge to exasperate competitor weaknesses and curb competitor strengths lies in the strategic knowledge in the model. I wish you the best of luck for your game. You cannot afford to followsimple techniques and fail! First, click on the Adjust Competitive Intensity button that can be found on the top middle of the page. You will soon know why. Hi, On this screen, you can handle your financial decisions for your company. So the question is: would you recommend for my team to still increase capacity despite this fact? Business Strategy Game Help - reddit 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 am so thankful for your post!!!!!!!!!!!! I mainly looked at what they were doing in the private label sector. Go ahead and try out which combination yields the highest profits. It is best to build only as much capacity as you can afford without taking any loans. I believe it varies based on your games situation. Yes, I am talking about the www.bsg-online.com for 2023. Play with your numbers around and tweak them to generate maximum net profit. I am getting my butt kicked! Emerging on top of this simulation can be quite a challenge. This decision page is mainly a waste of money and we will not spend a lot of time with this page. Set your price to whatever maximizes your profits. One week they might increase, the other they might increase by just a little or even decrease. There should be a balance. If you see little action on the celebrity market, go ahead and get your celebrities for the lowest price possible ($500). 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. So far I have only build a 1000 EA plant and additional 500 NA plant. However, the private-label market is set up the way that only a limited demand is given each year. 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. Do this for all the four regions. 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. So having understood what the image rating of a company is based upon, how can you improve it? The information is these . Anyone need help with BSG? : r/businessstrategygame - reddit (In Y11, I did the 5-year loan with 12,000k (7% interest). Every game in the Business Strategy Game starts out the same. Best Business Simulation Games of 2022 - Business News Daily 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. Business Strategy Game | Play Free Online - MBA Crystal Ball However, when pricing your shoes, keep in mind to set the price at least $5 below the wholesale price average. When contracting a celebrity, your advertising efforts in the Sales Forecast section should not be low. I am in Y12, and I am adjusting for Y13. If you have your AP price set to e.g. This site uses Akismet to reduce spam. Embedded in the magic numbers is a reinforced long-term money-saving strategy that will save you money every year forever! In addition, your Retail Outlets values should always be the highest number possible that you are allowed to enter. 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! Here are a few things to give you confidence in us: Our guide & coaching took every customer to 1st or 2nd place utilizing the guide. For only $35, get instant access to the Business Strategy Game Guide. You can ignore the Internet Marketing and Wholesale Marketing pages because they will just reflect your internet and wholesale decisions that you already plugged in on the previous pages. 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. Repurchasing stock will boost both your EPS and ROE. Business Strategy Game (BSG). Do you have any tip/tricks on - reddit My question is what if I decreased the pay dividends to $0.15 from $1.00? That being said, when you go with the strategy explained in my post, you will have maximized profits. 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 decision page deals with your plants. And you can basically never have enough capacity for private label. 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. Strategies, decision screens, reports and tests. thank you:). 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. you can SUCCEED in the Business Strategy Game by following my SIMPLE tips, advice, and strategies. Thank you! Do this for all four regions. You now have an estimate of how many shoes you are going to sell in each region. 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. The celebrity should also be compatible with the product, for instance, a football player would be ideal for a sports shoe endorsement. Displaying corporate citizenship in a responsible and socially acceptable manner for not less than 4 years. Business strategy game. Business Games. 2022-10-12 Like should I add up all my wholesale prices from the 4 regions and then divide by 4 to get an average wholesale price and multiply by 1.40 to get the internet price or should I base it off the lowest wholesale and then multiply by 1.40 to get the internet price? 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. Strategies, decision screens, reports and tests. Dave Mar You do not want that to happen, especially because your internet sales only account for a small percentage of your entire sales. That summer, I played in the Business Strategy Game Best Strategy Invitational (BSI) and won that as well. BSG Guide - How to Win the Business Strategy Game Chances are it would be a piece of cake right? It's customized for you to run the company in direct competition with other class members. Let me ask you this. With more inventory, however, you can put more shoes into private label which is a really important aspect of the game. I did not stock issues or issue purchase in the those years. You have to dissect your competition and forecast their every move. I guarantee or your money back (with a 100% success rate so far) you'll win the game with the purchase of the guide. Pay loans faster. Choosing the correct financial approach, among other things, made a huge difference. For your company to be on the right track the R.O.E should be at least 15% annually. Hi! Is your strategy also works for my situation? As always, do not forget to save your decisions after you are done. As already mentioned earlier, not every decision has to make sense. They WILL work for you too and can adapt to EVERY situation. You will soon know why.