I personally would not bid higher than $5,000 $6,000. However, there are still some other voluntary decision that will prepare you for future decisions. With increased competition, prices tend to decrease. My group and I are about to complete year 17 for the game. The C.I.R on the other hand will give you a deeper look into market share, S/Q ratings as well as price. Authorize your construction and you save your decisions. This is probably the most important decision entry page in the game and you will be spending most of your time here. I only ever paid attention to my profits and I never ever sold capacity. That its always wise to start out on the right foot rather than try to pull yourself out of a financial nosedive. 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. Well some Industry Champions have such an easy time winning because the people theyre going up against simply didnt care about the BSG. Hello, thanks for the great strategy, it is working (1st place) ! Using this as a base strategy has yielded good results in my experiences. The same accounts for your Change in Annual Base Wages and Incentive Pay values. Otherwise, their endorsement effect declines. or A-P plant. Hence, find the combination that gives you the highest profit. You can do this by paying off your loans at the earliest possible time. On this page, you will optimize your entries and toggle each value until your reach the maximum profit possible for each entry. Profit is the key to success in this game! In this multiplayer business simulation game, Virtonomics players must strategically build their virtual companies to become successful Virtonomics entrepreneurs. 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. 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. The guide also features step by step instructions in how to manage decision screens in making the best decision. Thank you, Fin! You will also receive a copy of Currency Made Simple. After you are done, move on the left side and do the same for your internet sales. The information is these guides is laid out, and displayed, in such a way . I let the rest remain the same in the entry. Could you win the Business Strategy Game against a bunch of 5th graders? I am a Business Strategy Game Grand Champion. How Much Capacity Should My Company Have? of what decision year youre in, how bankrupt you are, or if your company is dead last right now . Thank you in advance! update them with tips and food for thought from the paid guide. When you found the best combination to produce your shoes at the lowest cost possible while meeting the S/Q rating requirement, move to the Private-Label Bids section. In the Private-Label Production field, use all your remaining available capacity, even overtime. You might think that using green footwear materials or using recycled boxing / packaging is a good decision, especially with the currently ongoing environmental debates. . 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. The guide features my original model that provides explanation on strategic positioning in BSG which was developed specifically to expose competitors strengths weaknesses at a glance. However, it will also decrease your ending cash. I would like to ask you about the Dividends. I guess because i grew too fast last week, this weeks net profit is negative (I didnt make any adjustment yet). I promise you my techniques and tips are fully replicable and have kept me theundefeatedall theseYears! Furthermore, I spent all my cash on hand for dividends and stock repurchase to increase my ROE and EPS as much as possible. I am the longest known active Business Strategy Game player with a career stretching back to 2006 and throughmultiple versions of BSG. 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.) Your interest rates depend on your credit rating and the duration of your loan. Whether a member is suggesting a different. After you have calculated your new regional wholesale sales volume, add the regional internet sales volume to it. 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. 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. Use the remaining 30% capacity to sell shows in private-label! I include tons of free information to give you a leg up on your classmates on my blogroll. I am so thankful for your post!!!!!!!!!!!! Hi Fin, Thanks for the detail post and the screen shots. Hi Dennis. But again, thanks! Develop a fictional startup in a choice of industries, playing in modes including entrepreneur, business war or Virtonomics tycoon. Hello. Exactly. If you have any questions, comments, concerns, or feedback, click on my name below and Ill respond to you as quickly as I can. . There is a huge difference of learningHow To Winand learning the basics of the game. 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. Always keep that in mind when formulating your strategies and leave room for adjustment where necessary. Im glad I was able to help and good luck to you! (In Y11, I did the 5-year loan with 12,000k (7% interest). You will also receive a copy of Currency Made Simple. Dont be fooled by cheap imitations by common Industry Champions thatgloss over the obvious. So, why not win the Business Strategy Game and stop your worrying. I always went with 500 every second year, but it depends on your market and competitors. Ive played the Business Strategy Game many times through and have completely dominated my opponents every single round of every single game. And Im so thankful for your post!!!!!!!! You can either take out a 1-year, 5-year, or 10-year bank loan. So far I have only build a 1000 EA plant and additional 500 NA plant. If for whatever reason you arent satisfied with the guide, return it anytime for a full refund. I worried that another team would have stumbled onto your blog, but few people Google tips it seems! My question is what if I decreased the pay dividends to $0.15 from $1.00? A quick e-mail to your inbox. In the first few years, this will be pretty difficult to determine. Yes, I would only add capacity onto existing plants and not build new plants. From experience Id say tho that it is already too late to adjust to my strategy presented. Learn tips & tricks, from a BSG Grand Master! 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. Dave Mar However, you can successfully apply most of the following tips to either strategy. But I found ZERO helpful information online. Business Strategy Game Help - reddit All the while you get lost on what was really importantto do actuallywin. I would look at the Margin Over Direct Costs value at the very bottom of the page to see where it is most profitable to ship your shoes to. In this article, you will explore some of the strategies and tips that should be employed to boost your winning chances. Who Else Wants to Win Business Strategy Game? | BSGTips Best Business Simulation Games of 2022 - Business News Daily The end result counts. Pay attention to the plant upgrade options as well. I put $1.00 pay dividends, which turned out 20,000k in total. This enhances the marketing efforts for the brand. 39K views 1 year ago #businessstrategygame Here is my ultimate guide to help you ace the Business Strategy Game. BSG 2017 - Business Strategy Game - Guide How To Win - V2 How would you like to acquire every secret I have about the Business Strategy Game? Business Strategy Game Tips | BSG Game Tips | BSG Business Strategy Displaying corporate citizenship in a responsible and socially acceptable manner for not less than 4 years. If you tweak those numbers, your demand will adjust accordingly. You will have secret access to private areas of the site and get to ask questions with my personal expert replies. This means, without increasing your superior material or enhanced styling / features, you gain 1 star. Good communication skills. You need the capacity for the private label market. AcquireThe Edgethat separates aGrand Championfrom an Industry Champion. The best part is that, after it is in place for 3 or more rounds of play, the effects become almost irreversible. I believe it varies based on your games situation. 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). If you found your highest value for the best net profit, move on to the next value and do the same. You cannot afford to followsimple techniques and fail! Purchasing capacity is 20% cheaper than building new capacity on your own. Currently, were selling 150 models. Free shipping will most likely not increase your profits. For your company to stand out, it should ideally have an image rating of 70 and above. You have successfully adjusted to your competitors. Instantly Jump Your Business Strategy Game Score 10 Points for FREE! One way you can maximize the R.O.E is to purchase stock at the earliest possible time. Yeah I will hold on to that for now. Its not too bad, no worries. Theguide will show you how to make your company lean and agile to cope with the industrys marketplace. Global Top Performers You basically do the same thing over and over again, for every decision round. honestly i started with 150 models at 6 stars and went to 200 and 7 stars, 8 in private label. Dont believe us, just try below. Increase models? I guarantee or your money back (with a 100% success rate so far) you'll win the game with the purchase of the guide. The profits of controlling the industry will help you win the business strategy game. I was a poor undergraduate college student, too, at one point, and I understand your unwillingness to pay for an additional book. I would still go for the 50 models and make sure to buy or build capacity so you have enough for your private label. I highly recommend starting below with my free tips guide. 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. 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. 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. However, if done right, it is worth the time as it will yield the maximum profit possible and success in your industry. Im giving away adeadly secretinsideMagic Year 11 Secrets Revealedthat will make a person number 1 almost no matter what. 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 . Start Here: The Business Strategy Game Guide Site Map Like I explained in my blog post, do everything that is necessary to increase and maximize your net profits. To boost earnings per share (E.P.S) you can use the cash at hand to retire and repurchase any outstanding shares. Hi, You Get ALL This For The Extremely Low Price, I understand that it only takes 10-15 minutes to put theMagicYear 11. numbers in the right spot to make me Industry leader Instantly! "In terms of scope and comprehensiveness, it has no equal in the world of business . This like a trial and error process and does not necessarily have to make sense. and why do I want it? Those that are already playing the BSG Online and perhaps want an edge over the competition. Grow the stock price of your company's shares by at least 5% between the years 10 and 15. You will soon know why. On this decision page, you can bid on celebrities. Same for your superior material. 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. At the same time, youll generate significant amounts of income from the hardest market to extract revenues from. Or you have read it but still do not know what strategy to pursue or what is going on? However, some values, such as the Wholesale Price have decreased instead of increased. In the first years, the estimate of the industry average might be a little off the +2%. While they might boost your image rating, they will decrease your profit. BSG Guide - How to Win the Business Strategy Game I am getting my butt kicked! Beat the Business Strategy Game. To do so, first plug in your N.A. 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. Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. We got our act together and began to study the game. You dont have to care about your retail outlets anymore so adjust the price so maximize your net profit, without the 40% rule. Let us move on to the tricky part of this decision page. I mainly looked at what they were doing in the private label sector. Business Strategy Game | Play Free Online - MBA Crystal Ball Let me know if you have any more questions. Unused capacity kills your numbers and profits! Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. I usually go ahead and plug in whole dollar amounts for the wholesale price and see how net profit changes. Steal my conservative private label strategy that and immunize your company from bankruptcy. What will I get for my $48? When starting the BSG, you have two long-term loans; one for 5 years, the other one for 10 years. Strategy 1 - Align simulation with learning objectives. Do not focus too much on Ending Cash, but keep focusing on Net Profit, try to increase that over each years. 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! Once you have enough capacity then switch to low SQ approach. I did not forget it, but we will take a look at it later. For many students, winning the Business Strategy Gamecan be the difference between PASS and FAIL. I know every strategy, secret, and tip you can possibly imagine about the Business Strategy Game, and Im willing to share them with you. This can get confusing at the beginning so here is a table to show you the process. However, I would recommend not taking out any loan if possible. I did not stock issues or issue purchase in the those years. If you have any questions, suggestions, or comments feel free to comment and I will do my best to help you out. Helped me get to the second place! This game can be overwhelming, so anything to help other players! This site uses Akismet to reduce spam. How did your 2nd decision go? I cannot make any money there. I started with 250 models and S/Q rating of 5. 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. No spam ever. We give you. This is extremely easy and if thats all you want, then grab The Ultimate BSG Solution right now and guarantee your success. Select +2% for the Percent Change in Competitive Impact of All Other Factors from Previous Year. You possible might decrease your net profits with this, but it is definitely worth it and will pay off in the long-run. Do you know why is that? Thats a game changer!! So for the last year I didnt stick to the rule that the internet price has to be 40% higher than the wholesale price. These are some of the tips you can use to win the business strategy game. thank you for your help. No worries, this is logical and you did nothing wrong. Anyone need help with BSG? : r/businessstrategygame - reddit This would leave you with a bunch of shoes unsold. You will get the hang of it after the first few decision rounds as it is always the same procedure. If this is still not enough, add the missing shoes to the other plants Branded Pairs to be Manufactured in Year XX number. Sometimes, clearing your beginning inventory at a discount will boost your profits. Most Industry competitorsarentable to replicate high results when they face tougher opponentsand have asimpleunderstanding of the Business Strategy Game. Most of the decisions you can make here are a waste of money and will not benefit your company. Everything else like earnings per share (EPS), return on equity (REO), and image rating (IR) will automatically follow. This is why building additional capacity is so important. Heres What You Get in The Ultimate BSG Solution Monster Package: The Ultimate BSG Solution Guide was written by an old established BSG Grand Champion. Business Strategy Game (BSG). Do you have any tip/tricks on - reddit 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. 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 ? 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 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. 2. If it is 0%, that is fine as well, do not worry about it. gorilla on your side. 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. Learn More If not, I dont see the need to purchase equipment in order to make more shoes until the demand begins to encroach upon my shoe making capacity. It sometimes works. These Business Strategy Games Teach You to Plan Ahead Look over the shoulder of a Business Strategy Game Grand Champion and see how he pulled off his overwhelming victory. The information is these . The BSG Ultimate Solution isTHE ONLYGUARANTEEDone-way ticket to winning the BSG. First, set your Number of Models to 50, as determined earlier at the Sales Forecast page. I usually have the highest net profit when setting Enhanced Styling / Features to $50k, TQM / Six Sigma Quality Program at around $0.70, and Best Practices Training at $5,000. 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. And then I would just follow my tips and adjust all other values to maximize profits. 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. If you have any questions, feel free to come back and ask them. However, try your best. After watching this comprehensive 75 minute video I haverecentlyfilmed, you will know exactly what you need to do to be successful. Thats one of the things you should never do because you can always use capacity. Every game in the Business Strategy Game starts out the same. On BSGTips, we have an email service and forum to handle any support issues you may have. However, after 3-4 years, your competitors will settle and changes will be more predictable. 16 Business Simulation Games for Entrepreneurs Optimizing your values is the essence of the game, even though it might be very time-consuming. After you have calculated the manufacturing volume for each region, add up your N.A. Set Models Offered to 50 and Free Shipping to No. Hi Yvonne. we are having a horrible time of having left over inventory .. we are in year 13 and our numbers are ok we were 1st place last on year 11 and second place on year 12 but i having a feeling we have been focusing so much on our current numbers we arent going to end well any advise on what we should do on inventory and other sections of the game. Hi there! 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! There should be a balance. 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? NEVER do this. Focus on Net Profit, ROE (very important), Credit Rating, Image Rating is quite easy to control and also Stock Prices. The only thing you wont get is Magic Year 11 Secrets Revealed.Dont Wait! Do you have any suggestions? If you find capacity available for purchase, I would always directly purchase it. While being in every market is a goal of a successful multinational company. Stick in your e-mail address, and the tips guide will be in your inbox instantly. 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. 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. Business Strategy Game Espanol (Spanish BSG Help ), Ayuda En Espanol Para La Simulacion Glo-Bus (Spanish Glo-Bus Help), Business Strategy Game En Franais/French, En Franais Business Strategy Game Assistance (French BSG Help), Business Strategy Game In Het Nederlands/Dutch, In Het Nederlands Business Strategy Game Help (Dutch BSG Help), Business Strategy Game Auf Deutsch/German, Business Strategy Game Auf Deutch Assistenz (German BSG Help). Having an increased S/Q rating and lower prices boosts the image of the company positively. Some students even let it ride without making ANY decisions for years! I wish you the best of luck for your game. 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. Hi, Im glad to hear that it helped! The value that yields the highest profit value is the one you want to go with for this decision round. Embedded in the magic numbers is a reinforced long-term money-saving strategy that will save you money every year forever! Oh, how I wish I had known all this before I began playing. 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 Hence, you will only focus on the two following decisions that are worth their money as they increase your image rating the most. 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. However, do not forget to calculate your possible additional expenses for your celebrities. And should I do stock repurchase this year? Let me walk you through the various decision pages and explain you how to optimize each entry. The BSG Game went through a major revision in the beginning of 2019. Should I continue expanding NA or AP and by how much? So where to look at this thing, as soon as you start the BSG Online Game. For only $35, get instant access to the Business Strategy Game Guide. Strategies, decision screens, reports and tests. construction cost to be financed with debt. Do not price your shoes too low, so that you will not make any profits with your sales. Hi, youre welcome. Setting up a successful business requires time, money, a lot of hard work . Theres everything explained in detail. During the entire simulation process, it is important to keep tabs on the company intelligence reports (C.I.R) and the company operating report (C.O.R) The C.O.R will give you insights into plant investments, labour statistics as well as data on plant capacity. Those that are already playing the BSG Online and are going bankrupt and/or are dead last. Thanks a lot! So when following the steps described above, you will have positive ending cash really soon again. 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. I am having trouble getting my company back into the positive ending cash after taking out a loan. This is actually typical of almost every single Business Strategy Game Industry, as it takes only 1 greedy person to get the ball rolling. Aim to dominate at least a quarter of the market share in every geographical area of your companys operations. When there is a change in any aspect of operations it should be implemented upon approval of all the members. Paying dividends will increase your stock price and your ROE. From this highest whole dollar amount, I plug in every possible value around it and find the price that yields the highest net profit. Concerning changing others values, I recommend reading my initial post where I have explained everything in detail. 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%. Using Game Strategies to Get Ahead in Business - CEO Hangout (meaning I decreases it from $1.00 to $0.15). is it because I need to add capacity? WINBSG.COM: Win the BSG Business Strategy Game - Discussing effective 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. Do this for all four regions. According to the change, you can estimate the next years average industry internet price and plug it in. Do I need to change another setting on another page for this to remain positive? After a couple of decision rounds, you will get a feeling for it and it will become easier, no worries. Here is a chart again tho show you the process: If your regular production capacity is not sufficient, use overtime. 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. Thats a relief. 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? I include tons of free information to give you a leg up on your classmates on my blogroll. To be a Business Strategy Game Grand Champion, you have to firmly understand every nitty-gritty little detail within the Business Strategy Game Manual. 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.