In this package you get TheUltimate BSG Solution Guidealong with theIndustry Champion video. It covers in detail all of the strategies, concepts, software features and tricks necessary to win the McGraw-Hill Business Strategy Game. Yes, its not too late yet to follow through with my tips. Buy Now with PayPal. If not, see what positive percentage yields the highest profit for you. This is also linked to having production facilities in that market to support it. Well some Industry Champions have such an easy time winning because the people theyre going up against simply didnt care about the BSG. Does it affect any other factors? You can either take out a 1-year, 5-year, or 10-year bank loan. Every single member should be given the venue to express their thoughts clearly. 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. Whether a member is suggesting a different. (Im adjusting for Y13 now). For your company to stand out, it should ideally have an image rating of 70 and above. Especially with our high quality and low models strategy, this will be very beneficial and will safe you some money. Try out different combinations that keep you at 8* and the highest possible net profit. It is important to toggle your values and find the best combination to maximize your net profit. I am in a box where every move I make to lower cost or shift production lowers my EPS or credit rating. 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. Here, you have the opportunity to sell your existing capacity. Company operations are patterned after Be objective in your approaches from the beginning of the simulation right to the end. You will have secret access to private areas of the site and get to ask questions with my personal expert replies. Optimizing your values is the essence of the game, even though it might be very time-consuming. So far I have only build a 1000 EA plant and additional 500 NA plant. I am having trouble getting my company back into the positive ending cash after taking out a loan. Paying off these loans in advance has the advantage that you will pay less interest over the coming years. I have placed this manual and an easy-to-use currency spreadsheet on this site for you. When contracting a celebrity, your advertising efforts in the Sales Forecast section should not be low. More capacity also brings down your costs. 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. Using this as a base strategy has yielded good results in my experiences. Thank you so much for your reply! One option that you definitely want to purchase is Option C. Option C increases your S/Q rating by 1 star. Let me ask you this. The Business Strategy Game BSG is a PC-based exercise designed to mirror the real-world features of the competitive athletic footwear industry. These simulation games can help you develop hard. Dont believe us, just try below. Hello. Here is a chart again tho show you the process: If your regular production capacity is not sufficient, use overtime. Aim to dominate at least a quarter of the market share in every geographical area of your companys operations. Any thoughts? On this page, you will set your values for your branded production. 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. I started with 250 models and S/Q rating of 5. Profit is the key to success in this game! Do this for all the four regions. 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. 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. In the first years, the estimate of the industry average might be a little off the +2%. This also means that players have a limited number of options which creates a glass ceiling and sets the tone for the rest of the game.The first years of a Business Strategy Game is fairly fragile and any major mistakes will leave permanent scars. Make sure the celebrity is suitable in the geographical region you want them to endorse your shoes. 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. Two of the most important things to do here are analyzing your competition and optimizing your values. Thanks! I recommend building additional 1,000 capacity for the North American plant in the first year, if your cash balance allows it. Is your strategy also works for my situation? Here are some of the best tips for accelerating your business. . (In Y11, I did the 5-year loan with 12,000k (7% interest). Order now. I am a Business Strategy Game Grand Champion. The importance of buying back stock early and how buying back stock gives you an edge in the game. Play the game multiple times and try to refine your strategies and entrepreneurial skills with each attempt. Strategies, decision screens, reports and tests. I suggest to go for maximum profits. But do whatever is necessary to maximize your profits. I mainly looked at what they were doing in the private label sector. In addition, you have the option to repurchase your stock. Should I decrease the pay dividends and do stock repurchase in Y13? . The guide also features step by step instructions in how to manage decision screens in making the best decision. If this scares you, it should. But this year the shipping is too high from AP to LA so I cannot make any money from LA. 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%. From this highest whole dollar amount, I plug in every possible value around it and find the price that yields the highest net profit. Thank you very much for your kind words! This isthe lazy wayof winning the Business Strategy Game and requires very little knowledge and effort on your part. I suggest you upgrade your browser. You need the capacity for the private label market. These games often involve managing resources, making . If you have any questions, feel free to come back and ask them. 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. The company that offers the lowest price will sell all its supply first, followed by the company with the second lowest price offered, and so on. Oh, how I wish I had known all this before I began playing. Personally, I would do a higher SQ to start things out while you are building capacity to match the low quality-high model approach. I would like to ask you about the Dividends. Having an increased S/Q rating and lower prices boosts the image of the company positively. How Much Capacity Should My Company Have? Apply the following tips to reduce some of the costs. While being in every market is a goal of a successful multinational company. The best business tip I have received so far is to have a backup plan for all your moves. Hi, of what decision year youre in, how bankrupt you are, or if your company is dead last right now . 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! 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. It is definitely around 1.2 though and I recommend starting off with this value. No spam ever. However, after 3-4 years, your competitors will settle and changes will be more predictable. Again, trying out different combinations and optimizing net profits is key for these values. You need your capacity and it is never a good idea to sell your existing capacity. In conclusion, while the BSG simulation requires tact and strategy, employing the above tips will help you get a better sense of how the game works and incorporating them into your strategies will boost your overall performance. I wish you the best of luck for your game. This has been very useful. It will give you some immediate tips you can implement to start off on the right foot or begin turning things around. 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. Hi, Is there anyway to increase the demand for my shoes in the internet/wholesale markets? You might have the highest profits with 0 advertising budget. Because with more capacity, you can offer more pairs in private label and dominate the market there. Your interest rates depend on your credit rating and the duration of your loan. Pay attention to the plant upgrade options as well. 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. Focus on Net Profit, ROE (very important), Credit Rating, Image Rating is quite easy to control and also Stock Prices. I feel you. Do not worry about those numbers, they will just show you whether your investment is profitable or not. Like I explained in my blog post, do everything that is necessary to increase and maximize your net profits. You will soon know why. You are almost done for the Sales Forecast decision page. It was set Pay Dividends $1.00, which turned out 20,000k in total. 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. I am the longest known active Business Strategy Game player with a career stretching back to 2006 and throughmultiple versions of BSG. Players must make decisions to build brand loyalty by improving . In the upper left box, you have available sources of additional cash. In addition, your Retail Outlets values should always be the highest number possible that you are allowed to enter. Finished top 3 the first time and we are currently in 2nd place through 5 weeks for our current simulation. It makes sense; the more ads you run, the more your celebrity endorsement will be seen and the more effective it is. You will also receive a copy of Currency Made Simple. My group and I are about to complete year 17 for the game. How would you like to acquire every secret I have about the Business Strategy Game? 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. A celebrity endorsing your product offers a big boost to product awareness, helps a brand penetrate new regions thus acquiring new market shares, and can drive up sales. 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. Obviously, the other teams and their decisions will play the biggest role in how you play the game, but this is a good starting point for how the game works and . My group and I are also playing the new version of the game and were little bit lost. And it is pretty difficult for other teams to see what you are doing to them before it is too late. Let me walk you through the various decision pages and explain you how to optimize each entry. I now have another question about capacity. So for the last year I didnt stick to the rule that the internet price has to be 40% higher than the wholesale price. I usually go ahead and plug in whole dollar amounts for the wholesale price and see how net profit changes. I want to thank you for visiting my Business Strategy Game (BSG Online) website. Try out each and every value and note down the highest net profit values. 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. Do the same for your E-A and A-P volumes and plug them into the A-P manufacturing slot. Business Strategy Game Help - reddit Tips on How to Win the Business Strategy Game (BSG) While +2% might now always be spot on, I have made the best experience with it so far. It can be very beneficial for you. Develop a fictional startup in a choice of industries, playing in modes including entrepreneur, business war or Virtonomics tycoon. 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). Ive turned dead-last severely bankrupt companies into Industry Champions with just two years left in the 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. I would recommend purchasing the upgrade for both of your plants within the first four years. While they might boost your image rating, they will decrease your profit. Thanks a lot! The Business Strategy Game is a real world - real life management simulator where students BSG login to learn about essential business concepts like cost focused strategy, broad differentiation strategy, generic strategy, focused differentitation strategy, and low cost strategy. 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? For only $35, get instant access to the Business Strategy Game Guide. But it is definitely worth it. But again, thanks! One way you can maximize the R.O.E is to purchase stock at the earliest possible time. Aim for a higher credit rating of B+ or above. So if one of your markets is not satisfied or prices are high, I would built capacity to attack this market and sell a lot of shoes for a cheap price, to guarantee you the lowest price so that you sell all your offered shoes. Do not price your shoes too low, so that you will not make any profits with your sales. Yes, I would only add capacity onto existing plants and not build new plants. According to the change, you can estimate the next years average industry internet price and plug it in. 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. If I have cash available after doing all my decisions, I like to alternate between building additional capacity, purchasing plant upgrades, paying off loans and repurchasing stock in the following years. However, try your best. Even more important is, to stick to it! Thanks a lot! However, it will also decrease your ending cash. So, should I decrease pay dividends here to $0.15? However, you can successfully apply most of the following tips to either strategy. Be in it for the long haul you should repurchase stock whenever you can. Virtonomics. I would always encourage you to bid on available celebrities. 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. Dont be fooled by Cheap imitation Business Strategy Game guides you might see online. Avg. values have changed. After a couple of decision rounds, you will get a feeling for it and it will become easier, no worries. Exactly. Your numbers might be a little bit off due to the reject rates. 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 The ULTIMATE Business Strategy Game (BSG) Guide Tutorial - 2022 thank you for your help. Do not worry about your market share percentage or any other value than your net profit. WINBSG.COM: Win the BSG Business Strategy Game - Discussing effective Select from a pool of diverse individuals who will bring in different opinions and perspectives to the team. $50.66 but $50.67 gives you higher profits, go for the higher prices. If you see little action on the celebrity market, go ahead and get your celebrities for the lowest price possible ($500). Two decision rounds later, I was ranking 3rd in the world. I was thinking about building a LA plant because I took the majority of private label there last year. I will talk about the Celebrity Endorsements page later. I cant seem to find it. How important is image? You need this capacity for the private-label market. We will now look at all the decisions you have to make to actually play the game and be successful with your strategy. You are now done with your private-label decisions and all significant decisions that affect your net profits. Here, you are treated like a star. Yeah I will hold on to that for now. update them with tips and food for thought from the paid guide. AcquireThe Edgethat separates aGrand Championfrom an Industry Champion. 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 ? One time, I was able to increase my net profit by lowering TQM / Six Sigma Quality Program to $0.20 and increasing Percentage of Superior Materials to maintain my S/Q Rating. I am so thankful for your post!!!!!!!!!!!! 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. and why do I want it? Same with all the other values, like I described in my blog post And then use all your remaining shoes for the private label market. Sounds good, congrats! We are reaching the last decision round and would like some hints on how to boost net profits for the last year and gain some extra points. BSG Report, Part 2 - BeatBSG Theres everything explained in detail. The Business Strategy Game (BSG) is online games in which students form teams that are assigned tasks and compete in running the business of an athlete footwear company. 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. So I would recommend you to decrease your models to 50 and remain at 8* for most of the time, if not even for all the remaining game. Do not worry about the Plant Capacity / Upgrades 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. Emerging on top of this simulation can be quite a challenge. 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. When you sign up for BSG Tips, youre not alone. Hi, youre welcome. Now, decide to which region you want to ship your private-label shoes. And then I would just follow my tips and adjust all other values to maximize profits. I know every strategy, secret, and tip you can possibly imagine about the Business Strategy Game, and Im willing to share them with you. You can still ship pairs from LA to somewhere else if needed. They WILL work for you too and can adapt to EVERY situation. Period. If your results in the first year are not too good, its not a big deal. . 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. Thank you in advance! 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 do not want that to happen, especially because your internet sales only account for a small percentage of your entire sales. So for our strategy, it should be 7 stars at the beginning. This game can be overwhelming, so anything to help other players! 7 Winning Tips and Strategies for the Business Strategy Game (Bsg You will get the hang of it after the first few decision rounds as it is always the same procedure. I took first in the world seven out of ten decision rounds and won the BSI again when my MBA program used the McGraw Hill Business Strategy Game simulation as a learning tool also. 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. The end result counts. On BSGTips, we have an email service and forum to handle any support issues you may have. You are now all set to dominate your industry and win the BSG! Im glad I was able to help and good luck to you! When doing so, you have to plug in numbers for the assumptions section in the new window. How and when to buy celebrity endorsements at the BSG-Online. I include tons of free information to give you a leg up on your classmates on my blogroll. One week they might increase, the other they might increase by just a little or even decrease. 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. And should I do stock repurchase this year? It took me years to learn this and it would take you years as well but,I know you dont have years. Switch between different advertising budgets to see which strategy will be the most cost-effective to capture the target market at the best price. The information is these . Hello, You can also pay dividends to your shareholders. NEVER do this. This is where consumers get the best quality of footwear at the lowest possible price, therefore ensuring value for their money. When coming up with a CSR initiative, ensure that the budget can be sustained over time without burdening the company. We got our act together and began to study the game. . You basically do the same thing over and over again, for every decision round. How To Win A Business Simulation Game? Everyone has the same advantage as the team next to them. at least one of the two teams has an S/Q of 8* and low prices so far (yes, they are in first place for now) what do you think we should do?. The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. 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). So where to look at this thing, as soon as you start the BSG Online Game. 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. What is this Currency Made Easy! With our strategy, you might want to think about getting Option A as well. It is best to build only as much capacity as you can afford without taking any loans. It is all about trying out all possible combinations. What will I get for my $48? 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. I would still go for the 50 models and make sure to buy or build capacity so you have enough for your private label. 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. This is my personal procedure that has led me to become Grand Champion and nothing on the web can compare to my precision perspective of BSG. Embedded in the magic numbers is a reinforced long-term money-saving strategy that will save you money every year forever! Economic Impact of Hurricane Harvey and Hurricane Irma, Temporary Oil Price Changes Hold Back Consumer Spending. 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. Do I need to change another setting on another page for this to remain positive? Dave Mar Hi! The Business Strategy Game - Competing in a Global Marketplace If you add capacity it will show you the price. Take advantage of my highly-guarded distribution decision strategy that Ive used to reap the benefits of the complex tariff rules and exchange rates. In the first few years, this will be pretty difficult to determine. I adjusted a little bit and the forecast is now close to previous years. You almost can never have enough capacity because what you dont sell in branded, you can sell in private label and dumb prices there and take away your competitors market share. Start Here: The Business Strategy Game Guide Site Map It is usually best to repurchase stock at the beginning, when your stock prices are relatively low. So I run into problem again! You always want to make sure that you produce your sales volume for N.A. 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. It sometimes works. For further explanation, please read my blog post. First, click on the Adjust Competitive Intensity button that can be found on the top middle of the page. Again, maximizing net profit is all you care about with our strategy determined at the beginning. These Business Strategy Games Teach You to Plan Ahead Please post any information pertaining to: strategies, tips, final presentations, case studies, quizzes, etc. 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 . 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? For only $35, get instant access to the Business Strategy Game Guide. The celebrity endorsement will work well only if it is boosted by aggressive advertising. 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. After you have decided to which region to ship your shoes to, go ahead and set your Superior Materials Usage value and your Enhanced Styling / Features value. You will also receive a copy of Currency Made Simple. 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. 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. And I would not build another plant, rather increase capacity in the plants that you already built.