I am on my second year and I have negative income right now, any tips on how to get in the positive? Learn tips & tricks, from a BSG Grand Master! 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. The importance of buying back stock early and how buying back stock gives you an edge in the game. Also, I suggest not decreasing your dividends. 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. Then, after a lot thought on the matter, I devised an easy method for taking full advantage of currency fluctuations. You might have the highest profits with 0 advertising budget. 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 thats won the Business Strategy Game. Personally, I would do a higher SQ to start things out while you are building capacity to match the low quality-high model approach. If for whatever reason you arent satisfied with the guide, return it anytime for a full refund. My team and I started the game with minimal knowledge and flailed for the first three decision rounds. From experience Id say tho that it is already too late to adjust to my strategy presented. You can get BSG Game Help from experts who will guide you on how to win or top you game with the best Strategies.Visit BSG Game Help today and get professional guidance from BSG Experts. In the Private-Label Production field, use all your remaining available capacity, even overtime. Those that are already playing the BSG Online and are going bankrupt and/or are dead last. 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). 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 started with paying $0.05 dividends and increased it by $0.05 every year. I will just adjust it first and see what happens, thanks a lot:). Order today and you will beprivyto every secret, technique, tip, support, and help I can provide you with thatwill surely secure your SUCCESS and VICTORYas a Business Strategy Game Player. I was thinking about building a LA plant because I took the majority of private label there last year. Thank you so much for the good recommendations. Promise I wont have tons of question haha. My team and I are going to the second round of decisions, so I think were still on time to switch towards another area in the market. I did not stock issues or issue purchase in the those years. I now have another question about capacity. Sometimes, clearing your beginning inventory at a discount will boost your profits. 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. 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. For only $35, get instant access to the Business Strategy Game Guide. 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. 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. Increase models? Okay! First, click on the Adjust Competitive Intensity button that can be found on the top middle of the page. And you can basically never have enough capacity for private label. My group and I are about to complete year 17 for the game. that helped me become Business Strategy Game Grand Champion. So, why not win the Business Strategy Game and stop your worrying. I see this every semester, and you dont want it to be you. Okay! 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. I mainly looked at what they were doing in the private label sector. I am having trouble getting my company back into the positive ending cash after taking out a loan. Learn tips & tricks, from a BSG Grand Master! Your estimate of the industry average for the internet retail price does not change with your adjusted competitive that you set to +2% before. In the upper right box, you can spend your excessive cash. Free shipping will most likely not increase your profits. (meaning I decreases it from $1.00 to $0.15). thank you:). Make all the decisions tactfully and base them all on research and not emotion. Hi, However, you can successfully apply most of the following tips to either strategy. 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 ? And you said I should only add capacity onto existing ones instead of building a new one in LA right? This will lead to greater visibility for your company and thus a boost in the image rating. 7 Winning Tips and Strategies for the Business Strategy Game (Bsg You always want to make sure that you produce your sales volume for N.A. Embedded in the magic numbers is a reinforced long-term money-saving strategy that will save you money every year forever! Is there a system to beating the game? I followed your recommendations, and I have a good rank. While being in every market is a goal of a successful multinational company. So far I have only build a 1000 EA plant and additional 500 NA plant. Hence, find the combination that gives you the highest profit. I'm back with this updated video full of helpful tips so you can tackle the. thank you for your help. Hello, However, with a reasonable price. Hi. When there is a change in any aspect of operations it should be implemented upon approval of all the members. I feel you. The celebrity should also be compatible with the product, for instance, a football player would be ideal for a sports shoe endorsement. Two of the most important things to do here are analyzing your competition and optimizing your values. 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. All the while you get lost on what was really importantto do actuallywin. On this page, you will optimize your entries and toggle each value until your reach the maximum profit possible for each entry. You will get the hang of it after the first few decision rounds as it is always the same procedure. Do this for all four regions. Do not worry about those numbers, they will just show you whether your investment is profitable or not. 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. So I run into problem again! It will be, trust me. By employing the best cost strategy. In this multiplayer business simulation game, Virtonomics players must strategically build their virtual companies to become successful Virtonomics entrepreneurs. Hello. The private-label market is a very nice opportunity to gain an advantage off your competitors and take their market share. It sometimes works. Should I decrease the pay dividends and do stock repurchase in Y13? WINBSG.COM: Win the BSG Business Strategy Game - Discussing effective Hi Lee, However, you can successfully apply most of the following tips to either strategy. These Business Strategy Games Teach You to Plan Ahead Helped me get to the second place! It will be very helpful for us and will be very grateful Do you still have your upload reports of all your years ? Hi. Yeah I had that in the first weeks as well. Just plug in numbers and note down your net profit values. While those two values do not change your S/Q rating, they will change your net profits. However, I would recommend not taking out any loan if possible. Strategy 1 - Align simulation with learning objectives. The only thing you wont get is Magic Year 11 Secrets Revealed.Dont Wait! Can you tell us more about the strategy you had ? Business Strategy Game Tips & Lessons Learned - YouTube World's #1 Business Strategy Game - Capitalism Lab I would definitely increase your S/Q rating to 8* and lower your models to 50 (this should be the lowest you can go if I remember correctly). For further explanation, please read my blog post. So when following the steps described above, you will have positive ending cash really soon again. Your interest rates depend on your credit rating and the duration of your loan. I suggest to go for maximum profits. 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 Use the remaining 30% capacity to sell shows in private-label! Hi Dennis. If youd like an overview of the content we publish, take a look here, and if youre interested in Glo-bus, start here. But this year the shipping is too high from AP to LA so I cannot make any money from LA. 1. Currently, were selling 150 models. The information is these guides is laid out, and displayed, in such a way that crucial decisions should be a breeze. Some students even let it ride without making ANY decisions for years! Tips on How to Win the Business Strategy Game (BSG) - Top Academic Writers It makes sense to do the upgrade before adding capacity. Weve heard countless horror stories of students not taking the BSG seriously and failing the course as a result. It is all about trying out all possible combinations. The BSG tends to underestimate those values by about 20% and hence, you need to correct them for a more precise estimate. Let us move on to the tricky part of this decision page. And he also purchase 4000 capacity in the first year but no advertising expenses. This game can be overwhelming, so anything to help other players! 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. Could you win the Business Strategy Game against a bunch of 5th graders? It took me years to learn this and it would take you years as well but,I know you dont have years. And I would not build another plant, rather increase capacity in the plants that you already built. Using this as a base strategy has yielded good results in my experiences. Should I continue expanding NA or AP and by how much? Develop a fictional startup in a choice of industries, playing in modes including entrepreneur, business war or Virtonomics tycoon. 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. Be objective in your approaches from the beginning of the simulation right to the end. Also do you know the cost of building additional capacity. Try out different combinations that keep you at 8* and the highest possible net profit. I worried that another team would have stumbled onto your blog, but few people Google tips it seems! For your company to stand out, it should ideally have an image rating of 70 and above. Same for your superior material. Purchasing capacity is 20% cheaper than building new capacity on your own. Hi there! Members of the team should have skills and strengths that serve to complement each other for a perfect working synergy. Otherwise you will not sell any shoe either. 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. 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. . If it is lower than 40%, your wholesale price will be in competition with your internet price. Displaying corporate citizenship in a responsible and socially acceptable manner for not less than 4 years. No worries, it will be easier after the first few years. Advantage of this is, that you dont have to pay too much attention to your competitors. How and when to buy celebrity endorsements at the BSG-Online. You cannot afford to followsimple techniques and fail! 7 Winning Tips and Strategies for the Business Strategy Game (Bsg) 2022-10-12. Business strategy game Rating: 7,4/10 916 reviews. I personally find it easier to pursue and had more success with it in the past. . Five years ago, I was sitting in a similar situation as you. Beating the Business Strategy Game About the Guide. Thanks a lot! 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. It has two components. MyNewVideo Guide leaves nothing to the imagination. When I played the game, I barely looked at what my competitors were doing. 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 never really watched my EPS or credit rating (ofc credit rating should be a B at least). Here are some of the best tips for accelerating your business. What is this Currency Made Easy! Strategy and Execution is your shield and sword for Conquering the Industry. What I like about my strategy is that you do not necessarily have to keep an eye on your competitors. and L.A. volumes and finally plug them into the NA manufacturing slot. I suggest you upgrade your browser. You are almost done for the Sales Forecast decision page. These are the tools you need to win BSG. Play the game multiple times and try to refine your strategies and entrepreneurial skills with each attempt. 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. Business Strategy Game (BSG). Do you have any tip/tricks on - reddit Hello. You might think that using green footwear materials or using recycled boxing / packaging is a good decision, especially with the currently ongoing environmental debates. So having understood what the image rating of a company is based upon, how can you improve it? This will save you money in the long run and at the same time boost your credit rating positively. The ULTIMATE Business Strategy Game (BSG) Guide Tutorial - 2022 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. 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. Finished top 3 the first time and we are currently in 2nd place through 5 weeks for our current simulation. Strategies, decision screens, reports and tests. You can still ship pairs from LA to somewhere else if needed. Like I already said in my previous post, the most important thing is to toggle each and every value and pay close attention to your net profits. Im an excel and math geek and started to break the game down and understand it on a deep level. The most important advice in advance: it is all about PROFIT. I know every strategy, secret, and tip you can possibly imagine about the Business Strategy Game, and Im willing to share them with you. The private-label sector is something you do not want to miss out on, especially with our high quality, low models strategy. of what decision year youre in, how bankrupt you are, or if your company is dead last right now . Do not worry about your market share percentage or any other value than your net profit. . I still think its a waste to build a plant there, unless youre selling tons of shoes (high models, mid SQ). and A-P plant, focus on your Total Branded Production Needed to Achieve Year XX Sales Forecast section on the lower half of the page. On BSGTips, we have an email service and forum to handle any support issues you may have. Thats one of the things you should never do because you can always use capacity. Paying dividends will increase your stock price and your ROE. Thats the highest achievement you can attain. Do not focus too much on Ending Cash, but keep focusing on Net Profit, try to increase that over each years. In this blog post, I will run you through everything important that you have to know about the BSG and how to win it. Business strategy game. Business Games. 2022-10-12 You will have secret access to private areas of the site and get to ask questions with my personal expert replies. Any thoughts? If it is 0%, that is fine as well, do not worry about it. Let me know if you have any more questions. Instantly Jump Your Business Strategy Game Score 10 Points for FREE! and L.A. in North America to reduce costs because ofNAFTA. Grow the stock price of your company's shares by at least 5% between the years 10 and 15. Hi, After a couple of decision rounds, you will get a feeling for it and it will become easier, no worries. Strategies, decision screens, reports and tests. Is this guide guaranteed to make me win? The BSG Game went through a major revision in the beginning of 2019. If you're like most students though, you just want to win the Business Strategy Game, be crowned Industry Champion, get the grade, and move . 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. So the question is: would you recommend for my team to still increase capacity despite this fact? Dont let them beat you to it or you simply wont stand achance. 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. The Business Strategy Game or BSG is a simulation game used by, different colleges for their Business capstone. Fin. 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%. Thats a relief. 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. Any advice? and why do I want it? 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. Other teams in your industry wont stand a chance when you unleash the tactics we teach. Business Strategy Game Tips - . 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. So for the last year I didnt stick to the rule that the internet price has to be 40% higher than the wholesale price. This is extremely easy and if thats all you want, then grab The Ultimate BSG Solution right now and guarantee your success. Hey!! The best Business Strategy Game Guide| BSG Help | BSG Guide When you are deciding whether to upgrade your plant capacity, time is an essential factor. Do you have any suggestions? havr the highest stock price, image rating at 90, A+ still, and double digit EPS. If you have your AP price set to e.g. unfortunately I have no experience with adjusting to my strategy in the late-game. You do not want that to happen, especially because your internet sales only account for a small percentage of your entire sales. This manual provides actual numbers to use as guidelines, has many examples from real games, and should make your life so much easier than mine was! What Poker Strategists Say Poker is an incredibly strategic game and as such, there's a lot to learn from its big players. Aim to dominate at least a quarter of the market share in every geographical area of your companys operations. The first is the paid guide. My friend and I walk through the simulation on how it works. Business Strategy Game Tips Guide Introduction Video On this page, you will set your values for your branded production. I am currently dominating my industry, and closing in on the top 100 list! The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. Set your price to whatever maximizes your profits. 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. This is also linked to having production facilities in that market to support it. After you have found the right price, click the Save Decisions button. It is usually best to repurchase stock at the beginning, when your stock prices are relatively low. Anyone need help with BSG? : r/businessstrategygame - reddit Turn delivery time to four weeks because it has no noticeable effect on sales but significantly affects EPS and Net Profit. So, play around and find the best combination for your given S/Q rating that yields the highest net profit. As always, do not forget to save your decisions after you are done. This means, you decide about the S/Q Rating of your branded pairs produced and your compensation and training for your employees. 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. Hence, it should be your goal to price your shoes lower than everyone else and take their market share so that other companies will not sell any private-label shoe in this region. 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. I am the longest known active Business Strategy Game player with a career stretching back to 2006 and throughmultiple versions of BSG. You will soon know why. You need your capacity and it is never a good idea to sell your existing capacity. Thank you very much for your kind words! Players must make decisions to build brand loyalty by improving . Do not sit on it. Learn a little more about the theoretical concepts behind the game in our Free MBA course. 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. Period. Buy Now with PayPal. But I found ZERO helpful information online. Im playing the new version of the game, and your guide has worked perfectly for the first two years! This can get confusing at the beginning so here is a table to show you the process. I am getting my butt kicked! BeatBSG: Beat The Business Strategy Game 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? Thanks! "In terms of scope and comprehensiveness, it has no equal in the world of business . After clicking on the green Go to Decisions/Reports-button in the corporate lobby, you can see your profits in the lower left-hand corner. Thank you! I just have a quick question. Sorry for the late reply.. Been starting my new job and working a lot lately. However, do not rely on those values. 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.) 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. I am a Business Strategy Game Grand Champion. Profit is the key to success in this game! Paying off these loans in advance has the advantage that you will pay less interest over the coming years. Hence, you will only focus on the two following decisions that are worth their money as they increase your image rating the most. Dont blindly waste recourses on a celebrity tag; be strategic to make sure you will get the return on investment. This is because your competitors are adjusting and trying to find their strategy. SAVE TIME & PASS YOUR CLASS Amplify Your BSG Online Score: https://www.bsg-game.com/select-time Derek's "Pass Your Class Guarantee" . Oh, how I wish I had known all this before I began playing. Definitely helps! You possible might decrease your net profits with this, but it is definitely worth it and will pay off in the long-run. If you have any questions, suggestions, or comments feel free to comment and I will do my best to help you out. Its not too late to do that yet. I was wondering how much more additional capacity that I should purchase after Ive bought the first 1000 for NA. Right now I am doing the second year decision, Im doing star 8 and 100 models, did 7 stars and 100 models in first round and the result was not very good. You will soon know why. 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. Aim for a higher credit rating of B+ or above. The two most important values you want to have as precisely estimated as possible are the industrys average wholesale price and S/Q rating. Before you even start plugging in any numbers, it is important that you decide for a strategy to pursue for the game. Dont be fooled by Cheap imitation Business Strategy Game guides you might see online. AcquireThe Edgethat separates aGrand Championfrom an Industry Champion. 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. When coming up with a CSR initiative, ensure that the budget can be sustained over time without burdening the company. Well some Industry Champions have such an easy time winning because the people theyre going up against simply didnt care about the BSG. How Much Capacity Should My Company Have? Chances are it would be a piece of cake right? I would still go for the 50 models and make sure to buy or build capacity so you have enough for your private label. Ive turned dead-last severely bankrupt companies into Industry Champions with just two years left in the game. Sure, you can ask anytime The fact that you are looking for help mean. In addition, your Retail Outlets values should always be the highest number possible that you are allowed to enter. . Does it affect any other factors? It only takes 10-15 minutes to put the numbers in the right spotsto make yourself an Industry leader. For the upgrade option C is the one to raise 1 star, but the actual cost it can save me every year is not a lot, should I still do that?