Yes, I would only add capacity onto existing plants and not build new plants. Could you win the Business Strategy Game against a bunch of 5th graders? Do this for all the four regions. Make all the decisions tactfully and base them all on research and not emotion. Strategies, decision screens, reports and tests. Oh, how I wish I had known all this before I began playing. How did your 2nd decision go? At the end, I increased dividends to boost my ROE. 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. Hi, youre welcome. Make year 11 EASY on yourself and learn how the game is played. 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. We will now look at all the decisions you have to make to actually play the game and be successful with your strategy. However, do not rely on those values. thank you:). havr the highest stock price, image rating at 90, A+ still, and double digit EPS. At the same time, youll generate significant amounts of income from the hardest market to extract revenues from. 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. honestly i started with 150 models at 6 stars and went to 200 and 7 stars, 8 in private label. If you see little action on the celebrity market, go ahead and get your celebrities for the lowest price possible ($500). Play the game multiple times and try to refine your strategies and entrepreneurial skills with each attempt. Selecting the members that will form your team is very crucial as you will be working together to ensure the success of your company. The Capitalism series is widely regarded as the best business strategy game series ever created. 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. Promise I wont have tons of question haha. Is there anyway to increase the demand for my shoes in the internet/wholesale markets? Let me ask you this. This like a trial and error process and does not necessarily have to make sense. 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. Yeah I will hold on to that for now. 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. I'm back with this updated video full of helpful tips so you can tackle the. I personally find it easier to pursue and had more success with it in the past. Here are factors to be considered before picking a celebrity. is it because I need to add capacity? You possible might decrease your net profits with this, but it is definitely worth it and will pay off in the long-run. Yes, I am talking about the www.bsg-online.com for 2023. My guide follows the rule highest net profit is key to success. 39K views 1 year ago #businessstrategygame Here is my ultimate guide to help you ace the Business Strategy Game. Stick in your e-mail address, and the tips guide will be in your inbox instantly. Were at the middle of the pack and wanted the best strategy to move up the ranks. 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. 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. Ideally, you can cut your employees wages and will increase profit. . How to solves this situation ,have you given us any suggestion. This means, you have a channel conflict, meaning that your Retail Outlets number will decrease in the next year and less retailers are willing to sell your shoes. You are almost done for the Sales Forecast decision page. Let me walk you through the various decision pages and explain you how to optimize each entry. I was wondering how much more additional capacity that I should purchase after Ive bought the first 1000 for NA. 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? Here's a free video of things to watch out for while you are running your shoe company and competing in the BSG. Any questions you have or any problems you encounter,you can get my expert advice asa BSG Grand Champion. A quick e-mail to your inbox. Hence, keep track of the industrys internet price and how it changes. Period. So your costs will be relatively low as well and the private label will be a very important factor of yours. I will just adjust it first and see what happens, thanks a lot:). Your Delivery Time should be set to 3 weeks. Otherwise you will not sell any shoe either. The second part is the free site resources. Before you even start plugging in any numbers, it is important that you decide for a strategy to pursue for the game. To boost earnings per share (E.P.S) you can use the cash at hand to retire and repurchase any outstanding shares. You basically do the same thing over and over again, for every decision round. . Dont be fooled by Cheap imitation Business Strategy Game guides you might see online. The styling/quality (S/Q) ratio of the business venture in the different geographic locations they operate in. I dont know why the game suddenly changed your numbers but I recommend using every last bit of your capacity. Based on the kind of approach you will use, you might find it useful to keep some of the costs low. What I like about my strategy is that you do not necessarily have to keep an eye on your competitors. Set your price to whatever maximizes your profits. The information is these guides is laid out, and displayed, in such a way that crucial decisions should be a breeze. Write down each regions reject rates and add them up to the regions estimates sales volume. Here, you have the opportunity to sell your existing capacity. In the upper right box, you can spend your excessive cash. My question is what if I decreased the pay dividends to $0.15 from $1.00? I cannot make any money there. 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. The best business tip I have received so far is to have a backup plan for all your moves. Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. If you find capacity available for purchase, I would always directly purchase it. However, do not forget to calculate your possible additional expenses for your celebrities. But if i decrease my model, I dont think I will be competitive enough to compete with him if he stays with his strategy, what do you think? 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. It was set Pay Dividends $1.00, which turned out 20,000k in total. When there is a change in any aspect of operations it should be implemented upon approval of all the members. With increased competition, prices tend to decrease. Sometimes, clearing your beginning inventory at a discount will boost your profits. and L.A. volumes and finally plug them into the NA manufacturing slot. 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. You can also pay dividends to your shareholders. However, when pricing your shoes, keep in mind to set the price at least $5 below the wholesale price average. If it increases your profits, leave it at Yes, otherwise set it to No. MyNewVideo Guide leaves nothing to the imagination. Setting up a successful business requires time, money, a lot of hard work . That summer, I played in the Business Strategy Game Best Strategy Invitational (BSI) and won that as well. Economic Impact of Hurricane Harvey and Hurricane Irma, Temporary Oil Price Changes Hold Back Consumer Spending. I am currently dominating my industry, and closing in on the top 100 list! Weve heard countless horror stories of students not taking the BSG seriously and failing the course as a result. 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. Virtonomics. 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. Explanation of the Four Main Strategies of Business Strategy Game with their strengths and weaknesses based upon the Strategic Map, Detailed execution processes for each of the decision screens to produce enlightened results which answer questions, Discover how to become efficient in branded production, the best way to market your shoes, and which upgrades are absolutely ESSENTIAL for your given strategy, Three Year Plan rules simplified to attain the highest score your company can achieve, Business Strategy Invitational Insights for those who want to become Business Strategy Game Grand Champions, Academically proven for positively influencing new Business Strategy Game students to overcome the challenges of starting their company off on the right foot. Do you know why is that? You said that the internet price should be 40% above wholesale. That combined will give you a good boost for the last year. Max OUTyour production with the high quality shoes at the lowest possible cost. The only thing you wont get is Magic Year 11 Secrets Revealed.Dont Wait! This enhances the marketing efforts for the brand. I personally would not bid higher than $5,000 $6,000. All the while you get lost on what was really importantto do actuallywin. Thats a relief. I shut them down fast and knocked them out of the running. In addition, the company resembles an athletic footwear company with plant operations instead of outsourcing . After you have done this, you repeat the same procedure for Europe-Africa and Asia-Pacific with the A-P plant because it is cheapest to ship shoes from A-P to E-A. In the last section of the Plant Capacity / Upgrades decision page, you can construct a new plant in either of the two regions where you do not have a plant yet or you can build additional capacity to your N.A. It makes sense to do the upgrade before adding capacity. However, you can successfully apply most of the following tips to either strategy. Other teams in your industry wont stand a chance when you unleash the tactics we teach. However, you can successfully apply most of the following tips to either strategy. Using a game strategy to push a business forward is a different approach, but it has been proven successful for many. total sales volume estimate into the Branded Pairs to be Manufactured in Year XXslot for North America, write down your reject rate and add it to your previous total N.A. I will walk you through each page chronologically. On this screen, you can handle your financial decisions for your company. They have all changed by +2%, just as you plugged it in. You want to setEthics Training / Enforcement to All Employees and Workforce Diversity Program to Yes. 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. Let us take a look at the Plant Capacity / Upgrades page first. But my profit is still a little bit low for a second place, guess my price is too low and I need to cut some of my expenses, right? Written by an Undefeated Business Strategy Game Grand Champion. I put $1.00 pay dividends, which turned out 20,000k in total. so idk what i may have done LOL, Hello, may I ask my is not that great at the moment and we are onto year 13 which is like 2nd year maybe of the game and i try my best to like follow your tips though not as fully cause I still dont understand much especially the calculation one a bit confusing cause I am bad at that, so far I have 7 s/q rating though I am unsure should I do lower models or not cause I am afraid it might not be enough for profit and all because most I see at average of rating and high models , I was wondering what can I do to make it better? 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. Hi there! Be cautious though: Do not only look at the percentage change in net profits, but also at the total value as the total value might change sometimes but the percentage change remains the same. 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. 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 With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. After you have done this, you might notice that your Your Estimate of the Ind. update them with tips and food for thought from the paid guide. With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. Buy Now with PayPal. like should I just follow your tips through all because I kind of get on a bad start. 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). However, do not price your shoes too high, so that your competitors have a lower price than you and will sell their shoes first. Its not too bad, no worries. Optimizing your values is the essence of the game, even though it might be very time-consuming. This is extremely easy and if thats all you want, then grab The Ultimate BSG Solution right now and guarantee your success. 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. Chances are it would be a piece of cake right? I mainly looked at what they were doing in the private label sector. After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. So the question is: would you recommend for my team to still increase capacity despite this fact? 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. From experience Id say tho that it is already too late to adjust to my strategy presented. For many students, winning the Business Strategy Gamecan be the difference between PASS and FAIL. 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? First, set your Number of Models to 50, as determined earlier at the Sales Forecast page. For long term celebrity contracts and endorsement, bid for them in the early stages of the simulation. Do you have any suggestions? 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. Strategies, decision screens, reports and tests. Global Top Performers You can decide to sell or purchase available capacity, upgrade your plants, build new plants in other regions, or add capacity to already existing plants. Weve solved EVERYTHING for you. Ive turned dead-last severely bankrupt companies into Industry Champions with just two years left in the game. 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. Especially with our high quality and low models strategy, this will be very beneficial and will safe you some money. 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. Players must make decisions to build brand loyalty by improving . While they might boost your image rating, they will decrease your profit. Using this as a base strategy has yielded good results in my experiences. congrats on your success! After you have found the right price, click the Save Decisions button. After you have successfully plugged in your branded pairs that need to be manufactured for both plants, click the Save Decisions button and move on to the Branded Distribution page. Do the same for your E-A and A-P volumes and plug them into the A-P manufacturing slot. Any thoughts? If it is 0%, that is fine as well, do not worry about it. That being said, when you go with the strategy explained in my post, you will have maximized profits. Just plug in numbers and note down your net profit values. 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! Please delete one if there is an extra comment. In addition, your Retail Outlets values should always be the highest number possible that you are allowed to enter. 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. After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. I will explain soon, how to increase plant capacity and why we need the capacity for private label. Exactly. While your regional sales volume for the internet segment is a good estimate, the estimates for the wholesale segments are not. You are playing the BSG but do not want to read the 35-page Players Manual?