Embedded in the magic numbers is a reinforced long-term money-saving strategy that will save you money every year forever! However, do not forget to calculate your possible additional expenses for your celebrities. . My friend and I walk through the simulation on how it works. It will give you some immediate tips you can implement to start off on the right foot or begin turning things around. NEVER do this. It was set Pay Dividends $1.00, which turned out 20,000k in total. You now have an estimate of how many shoes you are going to sell in each region. We got our act together and began to study the game. That summer, I played in the Business Strategy Game Best Strategy Invitational (BSI) and won that as well. Skip the fancy words so many other guides drone on about BSG, andget down to real execution of business 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. Now you begin to understand why I earlier said, that if you use overtime for branded production, you should expand your plant capacity for the next year. Hi. You will need those numbers later on. Do this for all the four regions. Definitely helps! 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. 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. The most important advice in advance: it is all about PROFIT. 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. I was a poor undergraduate college student, too, at one point, and I understand your unwillingness to pay for an additional book. The importance of buying back stock early and how buying back stock gives you an edge in the game. 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. This like a trial and error process and does not necessarily have to make sense. 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. If your results in the first year are not too good, its not a big deal. I have encountered two successful strategies so far: medium-quality shoes (S/Q rating of 5-6 stars) paired with high number of models (250-350 models) and high-quality shoes (S/Q rating of 8-10 stars) paired with low number of models (50 models). You are now done with your private-label decisions and all significant decisions that affect your net profits. It is important to toggle your values and find the best combination to maximize your net profit. AcquireThe Edgethat separates aGrand Championfrom an Industry Champion. Switch between different advertising budgets to see which strategy will be the most cost-effective to capture the target market at the best price. This will enable you to tap into the different unique abilities of each of the members thus strengthening your team. I am in Y12, and I am adjusting for Y13. Any advice? This is also linked to having production facilities in that market to support it. 5. 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. Hi there! Do I need to change another setting on another page for this to remain positive? What should I do in this case? I know every strategy, secret, and tip you can possibly imagine about the Business Strategy Game, and Im willing to share them with you. Hence, find the combination that gives you the highest profit. 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! What I like about my strategy is that you do not necessarily have to keep an eye on your competitors. However, it is not necessary and Option C is definitely more effective. The rule of the game is to compete with the other students' teams to stay ahead to gain a competitive advantage over other teams. Advantage of this is, that you dont have to pay too much attention to your competitors. 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. 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. Hi, thanks for the great strategy! Entering year 15 I am still doing 8 star but the demand forecast is super low. 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. I recommend building additional 1,000 capacity for the North American plant in the first year, if your cash balance allows it. Created Oct 30, 2013 Restricted 753 Members 5 Online Moderators Moderator list hidden. How to solves this situation ,have you given us any suggestion. If you happen to end up with a large surplus of shoes the next year, lower your 1.2 multiplier a little bit to 1.18. This will save you money in the long run and at the same time boost your credit rating positively. If it is lower than 40%, your wholesale price will be in competition with your internet price. So I doubt on his strategy. For many students, winning the Business Strategy Gamecan be the difference between PASS and FAIL. From experience Id say tho that it is already too late to adjust to my strategy presented. My team and I started the game with minimal knowledge and flailed for the first three decision rounds. Can you tell us more about the strategy you had ? Even more important is, to stick to it! Let me walk you through the various decision pages and explain you how to optimize each entry. $50.66 but $50.67 gives you higher profits, go for the higher prices. This means, without increasing your superior material or enhanced styling / features, you gain 1 star. 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. Now, decide to which region you want to ship your private-label shoes. 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. Do you know why is that? It sometimes works. I am having trouble getting my company back into the positive ending cash after taking out a loan. I am the longest known active Business Strategy Game player with a career stretching back to 2006 and throughmultiple versions of BSG. Fin. 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. And I would not build another plant, rather increase capacity in the plants that you already built. So, multiply your sales volume for the wholesale segment for each region by 1.2. I want to thank you for visiting my Business Strategy Game (BSG Online) website. It almost worked TOO WELL. How important is image? If you demand for branded production is met, put everything else into private label to make sure you dont have unused capacity. 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. After you are done, move on the left side and do the same for your internet sales. 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. ? We have good market share in NA and, last year, we needed to ship the rest of the shoes from AP (incurring in shipping and tariffs costs, hence, the thought of adding capacity in LA). My guide follows the rule highest net profit is key to success. I let the rest remain the same in the entry. No spam. 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? However, to be able to do so, you need available capacity. This is very helpful. Thank you so much for the good recommendations. In this multiplayer business simulation game, Virtonomics players must strategically build their virtual companies to become successful Virtonomics entrepreneurs. But I found ZERO helpful information online. 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. Paying dividends will increase your stock price and your ROE. 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. However, with a reasonable price. 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. You do not want that to happen, especially because your internet sales only account for a small percentage of your entire sales. However, when pricing your shoes, keep in mind to set the price at least $5 below the wholesale price average. Is there a system to beating the game? It might be tedious work and consumes a lot of time, but it will definitely worth it and will let you win the BSG. Those that are already playing the BSG Online and perhaps want an edge over the competition. I guess because i grew too fast last week, this weeks net profit is negative (I didnt make any adjustment yet). To boost earnings per share (E.P.S) you can use the cash at hand to retire and repurchase any outstanding shares. Strategies, decision screens, reports and tests. Should I continue expanding NA or AP and by how much? 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. You are playing the BSG but do not want to read the 35-page Players Manual? This will lead to greater visibility for your company and thus a boost in the image rating. How can I increase my game score? "In terms of scope and comprehensiveness, it has no equal in the world of business . 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. However, there are still some other voluntary decision that will prepare you for future decisions. 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. I daily (thank you, Hootsuite, for making it so easy!) The first time I played, I did exactly what you are doing: researching the internet. 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. honestly i started with 150 models at 6 stars and went to 200 and 7 stars, 8 in private label. and L.A. in North America to reduce costs because ofNAFTA. 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. 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. Play with your numbers around and tweak them to generate maximum net profit. or A-P plant. Make all the decisions tactfully and base them all on research and not emotion. Weve heard countless horror stories of students not taking the BSG seriously and failing the course as a result. This decision page is mainly a waste of money and we will not spend a lot of time with this page. 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. You are now done with all your decisions for the Corporate Citizenship decision page and should hit the Save Decisions button on the upper right-hand corner. Write down each regions reject rates and add them up to the regions estimates sales volume. You can either take out a 1-year, 5-year, or 10-year bank loan. And then I would just follow my tips and adjust all other values to maximize profits. I believe it varies based on your games situation. 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. 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. Choosing the correct financial approach, among other things, made a huge difference. Its not too bad, no worries. 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. With my help, tips, techniques, and strategies, your competition doesnt stand a chance! You need the capacity for the private label market. I promise you my techniques and tips are fully replicable and have kept me theundefeatedall theseYears! If you tweak those numbers, your demand will adjust accordingly. After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. I highly recommend starting below with my free tips guide. of what decision year youre in, how bankrupt you are, or if your company is dead last right now . Dont blindly waste recourses on a celebrity tag; be strategic to make sure you will get the return on investment. After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. And Im so thankful for your post!!!!!!!! Select from a pool of diverse individuals who will bring in different opinions and perspectives to the team. Otherwise you will not sell any shoe either. The information is these guides is laid out, and displayed, in such a way that crucial decisions should be a breeze. I mainly looked at what they were doing in the private label sector. Hi, Here, you will plug in your previously calculated regional total sales volume for each region. Also, I suggest not decreasing your dividends. Finished top 3 the first time and we are currently in 2nd place through 5 weeks for our current simulation. 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. From this highest whole dollar amount, I plug in every possible value around it and find the price that yields the highest net profit. You said that the internet price should be 40% above wholesale. With this, they raised the global capacity to 30,000 when the potential global demand (including private label) is only 24,218. And profit is what the game is all about. The same accounts for your Change in Annual Base Wages and Incentive Pay values. Yeah I will hold on to that for now. Hi Dennis. Business strategy games are a type of computer or board game that simulates the decision-making processes involved in running a business. In addition, the company resembles an athletic footwear company with plant operations instead of outsourcing . Two of the most important things to do here are analyzing your competition and optimizing your values. If you have your AP price set to e.g. Login Scroll Down Your browser does not support the video tag. Im not talking about theory and how to play; Im talking about a proven system that helped me become Business Strategy Game Grand Champion. Hi! Those are LEARNING REFERENCES written bycommonplace Industry Champions, which teach you how toplay. Thank you! 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 . 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. The profits of controlling the industry will help you win the business strategy game. sales volume estimate. I would still go for the 50 models and make sure to buy or build capacity so you have enough for your private label. However, you can successfully apply most of the following tips to either strategy. The only thing you wont get is Magic Year 11 Secrets Revealed.Dont Wait! 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. More capacity also brings down your costs. However, keep in mind that your regional endorsement value should not be higher than 400 in any region. Strategies, decision screens, reports and tests. Some students even let it ride without making ANY decisions for years! It is all about trying out all possible combinations. While you already have a good estimate of how many shoes you are going to sell in each region, you still need to consider your rejected pairs during production. Most Industry competitorsarentable to replicate high results when they face tougher opponentsand have asimpleunderstanding of the Business Strategy Game. PS: I do the 5-year-loan 12,000k in Y11 (7% interest); In year 12, I paid #1 Long-Term (early payment) 12k at 8.2% AND borrow 70,000k 5-year-loan at 4.5%. I adjusted a little bit and the forecast is now close to previous years. Im playing the new version of the game, and your guide has worked perfectly for the first two years! Sorry for the late reply.. Been starting my new job and working a lot lately. Some professors place higher emphasis on the Business Strategy Game than others but the Business Strategy Game is always a hefty part of your grade. The market share, which can be increased by: increased advertising, extensive market research, checking out the competition, and most importantly understanding the needs of your customers. You basically do the same thing over and over again, for every decision round. Most of the decisions you can make here are a waste of money and will not benefit your company. 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 recommend increasing capacity and keep focusing on your profits. Make year 11 EASY on yourself and learn how the game is played. In this blog post, I will run you through everything important that you have to know about the BSG and how to win it. Yes, I would definitely do plant upgrade option C! But it is definitely worth it. The Business Strategy Game 2023 Edition Competing in a Global Marketplace New Students (click here) New Instructors (click here) Login for Returning Users Forgot Password ? Thank you so much! I will talk about the Celebrity Endorsements page later. Always keep that in mind when formulating your strategies and leave room for adjustment where necessary. Apply the following tips to reduce some of the costs. 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. Select +2% for the Percent Change in Competitive Impact of All Other Factors from Previous Year. Leave everything else unchanged. In the upper left box, you have available sources of additional cash. As a company wants to be in every market, it will be important to . Pay attention to the plant upgrade options as well. The Models Offered estimate seems pretty fair and you do not have to worry about it. Aim for a higher credit rating of B+ or above. The fact that you are looking for help mean. The C.I.R on the other hand will give you a deeper look into market share, S/Q ratings as well as price. If you found your highest value for the best net profit, move on to the next value and do the same. 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. You cannot afford to followsimple techniques and fail! Exactly. Weve solved EVERYTHING for you. After a couple of decision rounds, you will get a feeling for it and it will become easier, no worries. 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 did not forget it, but we will take a look at it later. 2. For further explanation, please read my blog post. I never really watched my EPS or credit rating (ofc credit rating should be a B at least). Again, try out each percentage for each region and set it to the percentage that yields the highest profits. Here are some of the best tips for accelerating your business. The decision is due tonight I am so nervous but the performance score so far looks good. Thats a relief. These are some of the tips you can use to win the business strategy game. The knowledge to exasperate competitor weaknesses and curb competitor strengths lies in the strategic knowledge in the model. 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. Theres not right amount of capacity you should purchase. Please delete one if there is an extra comment. Use of my strategy creates a landslide effect that, as you can see, is very devastating to all opponents. I would like to ask you about the Dividends. Okay! I followed your recommendations, and I have a good rank. At the same time, youll generate significant amounts of income from the hardest market to extract revenues from. The guide also features step by step instructions in how to manage decision screens in making the best decision. 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. Set Models Offered to 50 and Free Shipping to No. The two most important values you want to have as precisely estimated as possible are the industrys average wholesale price and S/Q rating. In the first few years, this will be pretty difficult to determine. im at year 17 and perfect score twice, 1st in last 3 years and 2nd twice. So having understood what the image rating of a company is based upon, how can you improve it? As I played the game, I discovered that I could use some fairly simple math to massively increase my game score. All the while you get lost on what was really importantto do actuallywin. My undergraduate business strategy teacher made us play the BSG-Online simulation for 40% of our grade.
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