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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. 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 I run into problem again! My undergraduate business strategy teacher made us play the BSG-Online simulation for 40% of our grade. Business Strategy Game Tips Guide Introduction Video This means, without increasing your superior material or enhanced styling / features, you gain 1 star. congrats on your success! Hi! Even more important is, to stick to it! My guide follows the rule highest net profit is key to success. With our strategy, you might want to think about getting Option A as well. I have also included a Special 30 minuteAudio Companion for the Magic Numbers that is great for Year 11 starters! 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. This Reddit is dedicated to help undergraduate and graduate students excel at the McGraw-Hill Business Strategy Game or BSG-Online. What Poker Strategists Say Poker is an incredibly strategic game and as such, there's a lot to learn from its big players. Thats a relief. Weve solved EVERYTHING for you. As I played the game, I discovered that I could use some fairly simple math to massively increase my game score. More capacity also brings down your costs. I would recommend purchasing the upgrade for both of your plants within the first four years. It didnt matter how competitive they were, how motivated they were, or whether they were Industry Champions. Dont blindly waste recourses on a celebrity tag; be strategic to make sure you will get the return on investment. How would you like to acquire every secret I have about the Business Strategy Game? Strategies, decision screens, reports and tests. I suggest to go for maximum profits. You need the capacity for the private label market. Is there a system to beating the game? You are playing the BSG but do not want to read the 35-page Players Manual? There are tons of possibilities in the Business Strategy Game, and the wrong strategy in the wrong circumstance willCOST you the game. 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. Emerging on top of this simulation can be quite a challenge. Hence, try to keep your internet price at least 40% higher than your wholesale price. Hi! Apply the following tips to reduce some of the costs. So where to look at this thing, as soon as you start the BSG Online Game. Hence, you will only focus on the two following decisions that are worth their money as they increase your image rating the most. Here are factors to be considered before picking a celebrity. I will just adjust it first and see what happens, thanks a lot:). Be in it for the long haul I started with 250 models and S/Q rating of 5. update them with tips and food for thought from the paid guide. It is definitely around 1.2 though and I recommend starting off with this value. Does it affect any other factors? Year 11 might be over for you. Ive played the Business Strategy Game many times through and have completely dominated my opponents every single round of every single game. If it increases your profits, leave it at Yes, otherwise set it to No. PS: I left a comment, but I did not see it and thus retyped. Hi Lee, Try out different combinations that keep you at 8* and the highest possible net profit. If you have your AP price set to e.g. Every game in the Business Strategy Game starts out the same. After you have done this, you might notice that your Your Estimate of the Ind. 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). Promise I wont have tons of question haha. In this video we go over these five Business Strategy Game Tips: Price elasticity and why most athletic footwear companies don't understand how it is really computed. Finished top 3 the first time and we are currently in 2nd place through 5 weeks for our current simulation. I am a Business Strategy Game Grand Champion. You have successfully adjusted to your competitors. But this year I have a lot of cash on hand, I upgraded my plant, should I also build the LA plant although I dont need that much capacity at the moment? BeatBSG: Beat The Business Strategy Game Let me ask you this. Choosing a Strategy - BeatBSG According to the change, you can estimate the next years average industry internet price and plug it in. I am in Y12, and I am adjusting for Y13. The strategy utilized is broad and will allow your company to decide in what direction you want to take your company after to win Business Strategy Game. Thank you so much for the good recommendations. To boost earnings per share (E.P.S) you can use the cash at hand to retire and repurchase any outstanding shares. Hi, thanks for the great strategy! sales volume estimate. Entering year 15 I am still doing 8 star but the demand forecast is super low. Make sure the celebrity is suitable in the geographical region you want them to endorse your shoes. I include tons of free information to give you a leg up on your classmates on my blogroll. Set Models Offered to 50 and Free Shipping to No. 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. Pay loans faster. you should repurchase stock whenever you can. I am currently dominating my industry, and closing in on the top 100 list! Which wholesale are you referring to? Business strategy game. Business Games. 2022-10-12 And should I do stock repurchase this year? I did not forget it, but we will take a look at it later. While those two values do not change your S/Q rating, they will change your net profits. Hi You have to base it off the HIGHEST wholesale price, just to be safe Like that, all 4 regions are guaranteed to be 40% above wholesale price. Best strategy guides for bsg online how to win bsg (business strategy game) have spent years of ten dedicated men practicing the bsg online games with over DismissTry Ask an Expert Ask an Expert Sign inRegister Sign inRegister Home Ask an ExpertNew My Library Discovery Institutions University of Law University of Greenwich University College London Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. 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. And it is pretty difficult for other teams to see what you are doing to them before it is too late. 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. All you have to do now, is writing down your forecasted Regional Sales Volume for both the Internet Segments and Wholesale Segments in all four regions. It makes sense to do the upgrade before adding capacity. Everything else like earnings per share (EPS), return on equity (REO), and image rating (IR) will automatically follow. You dont have to care about your retail outlets anymore so adjust the price so maximize your net profit, without the 40% rule. As always, do not forget to save your decisions after you are done. You do not want that to happen, especially because your internet sales only account for a small percentage of your entire sales. 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. Those that are already playing the BSG Online and perhaps want an edge over the competition. Any questions you have or any problems you encounter,you can get my expert advice asa BSG Grand Champion. I feel you. 4. Business Strategy Game Cheats I Best BSG Game Cheats 2022 Let us take a look at the Plant Capacity / Upgrades page first. . This is because your competitors are adjusting and trying to find their strategy. Unused capacity kills your numbers and profits! Furthermore, I spent all my cash on hand for dividends and stock repurchase to increase my ROE and EPS as much as possible. Hi, youre welcome. So, play around and find the best combination for your given S/Q rating that yields the highest net profit. 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). Embedded in the magic numbers is a reinforced long-term money-saving strategy that will save you money every year forever! Thanks a lot! I know every strategy, secret, and tip you can possibly imagine about the Business Strategy Game, and Im willing to share them with you. I now have another question about capacity. However, after 3-4 years, your competitors will settle and changes will be more predictable. Hello, However, to be able to do so, you need available capacity. The same accounts for your Change in Annual Base Wages and Incentive Pay values. This game can be overwhelming, so anything to help other players! Again, maximizing net profit is all you care about with our strategy determined at the beginning. Thats one of the things you should never do because you can always use capacity. In Y12, I paid early payment 12,000k at 8.5% and continued borrowing 70,000k at 4.5% for 5-year). 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. my advice would be to read my guide and follow the steps. However, the private-label market is set up the way that only a limited demand is given each year. 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. Period. However, it will also decrease your ending cash. If your results in the first year are not too good, its not a big deal. After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. Most Industry competitorsarentable to replicate high results when they face tougher opponentsand have asimpleunderstanding of the Business Strategy Game. I recommend building additional 1,000 capacity for the North American plant in the first year, if your cash balance allows it. One week they might increase, the other they might increase by just a little or even decrease. 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. These Business Strategy Games Teach You to Plan Ahead You can only do one upgrade at a time in each region and a total of two updates per region. For only $35, get instant access to the Business Strategy Game Guide. I hope that helps and good luck! 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.) Dont be fooled by cheap imitations by common Industry Champions thatgloss over the obvious. SAVE TIME & PASS YOUR CLASS Amplify Your BSG Online Score: https://www.bsg-game.com/select-time Derek's "Pass Your Class Guarantee" . You possible might decrease your net profits with this, but it is definitely worth it and will pay off in the long-run. Economic Stages Part Three Riding the Recession, Glo-Bus Quiz 1 and Glo-Bus Quiz 2 Answers, New Glo-Bus Cameras and Drones Simulation, Instant Download,Email Support &Forum Access. You should slightly increase your dividends year by year. And profit is what the game is all about. The two most important values you want to have as precisely estimated as possible are the industrys average wholesale price and S/Q rating. Let me know if you have any more questions. Increase models? The private-label sector is something you do not want to miss out on, especially with our high quality, low models strategy. 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. I am in a box where every move I make to lower cost or shift production lowers my EPS or credit rating. 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. Now, decide to which region you want to ship your private-label shoes. This is actually typical of almost every single Business Strategy Game Industry, as it takes only 1 greedy person to get the ball rolling. Login Scroll Down Your browser does not support the video tag. In any Business Strategy Game, including BizMAP, you will not get it 'right' in the first attempt. Chances are it would be a piece of cake right? Beat the Business Strategy Game. Avg. values have changed. Looking at the North America column, you now have to plug in your values for Wholesale Price, S/Q Rating, Models Available, etc. Any thoughts? They have all changed by +2%, just as you plugged it in. How to solves this situation ,have you given us any suggestion. You basically determine and run the market. You need this capacity for the private-label market. I'm back with this updated video full of helpful tips so you can tackle the. R.O.E is the measure of the ability of a company to generate profit. You will soon know why. is it because I need to add capacity? To do so, first plug in your N.A. Your numbers might be a little bit off due to the reject rates. Any advice? One option that you definitely want to purchase is Option C. Option C increases your S/Q rating by 1 star. I worried that another team would have stumbled onto your blog, but few people Google tips it seems! The importance of buying back stock early and how buying back stock gives you an edge in the game. 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. This isthe lazy wayof winning the Business Strategy Game and requires very little knowledge and effort on your part. I have placed this manual and an easy-to-use currency spreadsheet on this site for you. My group and I are also playing the new version of the game and were little bit lost. In my opinion, I believe the other teams are thinking on exploit the private label. Do not price your shoes too low, so that you will not make any profits with your sales. While being in every market is a goal of a successful multinational company. and L.A. volumes and finally plug them into the NA manufacturing slot. . If you find capacity available for purchase, I would always directly purchase it. The only thing you wont get is Magic Year 11 Secrets Revealed.Dont Wait! thank you:). Thats the highest achievement you can attain. 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 . Aim for a higher credit rating of B+ or above. Hi, Weve heard countless horror stories of students not taking the BSG seriously and failing the course as a result. Thank you in advance! I did not stock issues or issue purchase in the those years. In addition, your Retail Outlets values should always be the highest number possible that you are allowed to enter. 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. And he also purchase 4000 capacity in the first year but no advertising expenses. For your company to stand out, it should ideally have an image rating of 70 and above. Here, you have the opportunity to sell your existing capacity. These simulation games can help you develop hard. Ideally, you can cut your employees wages and will increase profit. Definitely helps! If Im wrong, Ill post another comment. WINBSG.COM: Win the BSG Business Strategy Game - Discussing effective I want to thank you for visiting my Business Strategy Game (BSG Online) website. 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. 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. Good communication skills. It makes sense; the more ads you run, the more your celebrity endorsement will be seen and the more effective it is. When doing so, you have to plug in numbers for the assumptions section in the new window. That summer, I played in the Business Strategy Game Best Strategy Invitational (BSI) and won that as well. 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. We offer free, unlimited fast support to answer any questions. Your competitors are most likely looking for this information too. The value that yields the highest profit value is the one you want to go with for this decision round. How did your 2nd decision go? Waiting to buy them later will lead to an increase in their prices. My stupidness did not know that I should not pay dividends when I am in 5-year-loan, so I did not adjust any part in Finance Cash Flow except for borrowing. You will soon know why. Ive turned dead-last severely bankrupt companies into Industry Champions with just two years left in the game. you can SUCCEED in the Business Strategy Game by following my SIMPLE tips, advice, and strategies. Instantly Jump Your Business Strategy Game Score 10 Points for FREE! You will also receive a copy of Currency Made Simple. My team and I started the game with minimal knowledge and flailed for the first three decision rounds. This like a trial and error process and does not necessarily have to make sense. Hi Dennis. But the plant page did say not recommend to build the plant so I was hesitating. Theres everything explained in detail. 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. Having an increased S/Q rating and lower prices boosts the image of the company positively. However, it will also decrease your ending cash. I cant seem to find it. I never really watched my EPS or credit rating (ofc credit rating should be a B at least). Its not too bad, no worries. Select +2% for the Percent Change in Competitive Impact of All Other Factors from Previous Year. 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. 7 Winning Tips and Strategies for the Business Strategy Game (Bsg Hi, Im glad to hear that it helped! Yeah I will hold on to that for now. The most important advice in advance: it is all about PROFIT. Advantage of this is, that you dont have to pay too much attention to your competitors. It only takes 10-15 minutes to put the numbers in the right spotsto make yourself an Industry leader. ? 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). You can either take out a 1-year, 5-year, or 10-year bank loan. The C.I.R on the other hand will give you a deeper look into market share, S/Q ratings as well as price. The BSG tends to underestimate those values by about 20% and hence, you need to correct them for a more precise estimate.