What is this Currency Made Easy! Download Magic Year 11 Secrets Revealed NOW. Your interest rates depend on your credit rating and the duration of your loan. I will talk about the Celebrity Endorsements page later. Currently, were selling 150 models. One option that you definitely want to purchase is Option C. Option C increases your S/Q rating by 1 star. I would still go for the 50 models and make sure to buy or build capacity so you have enough for your private label. Any questions you have or any problems you encounter,you can get my expert advice asa BSG Grand Champion. Again, trying out different combinations and optimizing net profits is key for these values. Weve heard countless horror stories of students not taking the BSG seriously and failing the course as a result. Wow, you are done! (In Y11, I did the 5-year loan with 12,000k (7% interest). You will also receive a copy of Currency Made Simple. To improve the financial standing of the company it is a wise idea to employ the balanced scorecard to determine the strategies that will boost the companys competitiveness. Since youre only in the second year, I would honestly decrease your models to 50. 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. The value that yields the highest profit value is the one you want to go with for this decision round. Economic Impact of Hurricane Harvey and Hurricane Irma, Temporary Oil Price Changes Hold Back Consumer Spending. 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. Business strategy game. So, why not win the Business Strategy Game and stop your worrying. 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! I just have a quick question. And you said I should only add capacity onto existing ones instead of building a new one in LA right? BSGTips.com is a proven guide (written by a Business Strategy Game Grand Champion) on how to win, not just how to play. You will have secret access to private areas of the site and get to ask questions with my personal expert replies. PS: I do the 5-year-loan 12,000k in Y11 (7% interest); In year 12, I paid #1 Long-Term (early payment) 12k at 8.2% AND borrow 70,000k 5-year-loan at 4.5%. For further explanation, please read my blog post. 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. 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. Using a game strategy to push a business forward is a different approach, but it has been proven successful for many. and why do I want it? Hi, thanks for the great strategy! I put $1.00 pay dividends, which turned out 20,000k in total. Unused capacity kills your numbers and profits! I was wondering how much more additional capacity that I should purchase after Ive bought the first 1000 for NA. If for whatever reason you arent satisfied with the guide, return it anytime for a full refund. 2. and L.A. volumes and finally plug them into the NA manufacturing slot. On initial input of the change there was a big boost to my numbers, but when I left the page the game suddenly dropped my numbers below my original ones. This like a trial and error process and does not necessarily have to make sense. When I played the game, I barely looked at what my competitors were doing. Then, just like you did before, plug in different values for your internet price and see, which price yields the highest net profit. However, it is not necessary and Option C is definitely more effective. If you have any questions, comments, concerns, or feedback, click on my name below and Ill respond to you as quickly as I can. The first is the paid guide. It sometimes works. So having understood what the image rating of a company is based upon, how can you improve it? 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. While +2% might now always be spot on, I have made the best experience with it so far. However, the private-label market is set up the way that only a limited demand is given each year. Fin. This game can be overwhelming, so anything to help other players! Then, you want to plug in your L.A. total sales volume estimate into theproductionslot for North America as well and add up your reject rates. Other teams in your industry wont stand a chance when you unleash the tactics we teach. Thanks a lot! Do not worry about those numbers, they will just show you whether your investment is profitable or not. Looking at the North America column, you now have to plug in your values for Wholesale Price, S/Q Rating, Models Available, etc. Using this as a base strategy has yielded good results in my experiences. Use the remaining 30% capacity to sell shows in private-label! This enhances the marketing efforts for the brand. And profit is what the game is all about. If you have your AP price set to e.g. Here are some of the best tips for accelerating your business. However, keep in mind that your regional endorsement value should not be higher than 400 in any region. Hence, find the combination that gives you the highest profit. You possible might decrease your net profits with this, but it is definitely worth it and will pay off in the long-run. I did not stock issues or issue purchase in the those years. 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. Let us take a look at the Plant Capacity / Upgrades page first. I am currently dominating my industry, and closing in on the top 100 list! Every single member should be given the venue to express their thoughts clearly. Dont be fooled by Cheap imitation Business Strategy Game guides you might see online. 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. Here, you will plug in your previously calculated regional total sales volume for each region. 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. You can also pay dividends to your shareholders. Year 11 might be over for you. What should I do for year 12 and 13? Thats the highest achievement you can attain. 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. 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. 1. This is why building additional capacity is so important. Hence, make sure to plug in every possible value to reach the highest net profit possible. I usually go ahead and plug in whole dollar amounts for the wholesale price and see how net profit changes. Do you have any suggestions? You should slightly increase your dividends year by year. You are playing the BSG but do not want to read the 35-page Players Manual? 4. If you have any questions, suggestions, or comments feel free to comment and I will do my best to help you out. As a company wants to be in every market, it will be important to . If not, see what positive percentage yields the highest profit for you. Its a lot of trial and error until you find the best possible value and it takes a lot of time at the beginning. This means, without increasing your superior material or enhanced styling / features, you gain 1 star. PS: I left a comment, but I did not see it and thus retyped. The best part is that, after it is in place for 3 or more rounds of play, the effects become almost irreversible. 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. 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. It only takes 10-15 minutes to put the numbers in the right spotsto make yourself an Industry leader. You are almost done for the Sales Forecast decision page. I would recommend purchasing the upgrade for both of your plants within the first four years. Finished top 3 the first time and we are currently in 2nd place through 5 weeks for our current simulation. Company operations are patterned after 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? After you have done this, you might notice that your Your Estimate of the Ind. It's customized for you to run the company in direct competition with other class members. Thank you very much for your kind words! Is there anyway to increase the demand for my shoes in the internet/wholesale markets? After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. Theres everything explained in detail. Because with more capacity, you can offer more pairs in private label and dominate the market there. havr the highest stock price, image rating at 90, A+ still, and double digit EPS. However, after 3-4 years, your competitors will settle and changes will be more predictable. 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. Thats a relief. Okay! Make sure the celebrity is suitable in the geographical region you want them to endorse your shoes. 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?. This is where consumers get the best quality of footwear at the lowest possible price, therefore ensuring value for their money. The demand depends on your retails, price and quality. ? We have good market share in NA and, last year, we needed to ship the rest of the shoes from AP (incurring in shipping and tariffs costs, hence, the thought of adding capacity in LA). So I have plant in NA, EA and AP, but right now I am only using 70% of the capacity because the demand is quite small for me. Its not too bad, no worries. The guide also features step by step instructions in how to manage decision screens in making the best decision. Hi. Pay loans faster. This can be a very tricky decision and you need to analyze your competitors prices. Do this for all four regions. Almost done, the last decision page. Try and set it to Yes. It will be very helpful for us and will be very grateful Do you still have your upload reports of all your years ? With increased competition, prices tend to decrease. For your company to stand out, it should ideally have an image rating of 70 and above. Do not worry about the Plant Capacity / Upgrades page. 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. Here is a chart again tho show you the process: If your regular production capacity is not sufficient, use overtime. I have placed this manual and an easy-to-use currency spreadsheet on this site for you. You then want to select 0% as the Portion of the $XX mil. Yes, I would only add capacity onto existing plants and not build new plants. A McGraw-Hill Business Strategy Game Online Expert, Copyright 2023 Win The Business Strategy Game Online Powered by Wordpress, W3 Total Cache & Cloudflare, Business Strategy Game Quiz 1 Study Guide, Business Strategy Game Quiz 2 Equation Cheats, New Glo-Bus Simulation Game Quiz 1 Answers, New Glo-Bus Simulation Game Quiz 2 Answers, Buy The Business Strategy Game Guide for $29.99, Tips and equations to make the quizzes easier, An easy to understand tutorial on exchange rates, tariffs, interest rates, and how to utilize them to your advantage, YouTube Videos on how to play the game and learn the software as quickly as possible, An distilled version of the players guide to save you a lot of time. So for the last year I didnt stick to the rule that the internet price has to be 40% higher than the wholesale price. Beating the Business Strategy Game About the Guide. I started with paying $0.05 dividends and increased it by $0.05 every year. And Im so thankful for your post!!!!!!!! We offer free, unlimited fast support to answer any questions. Should I decrease the pay dividends and do stock repurchase in Y13? I dont know why the game suddenly changed your numbers but I recommend using every last bit of your capacity. That being said, when you go with the strategy explained in my post, you will have maximized profits. And I would not build another plant, rather increase capacity in the plants that you already built. The information is these . There should be a balance. While your regional sales volume for the internet segment is a good estimate, the estimates for the wholesale segments are not. Helped me get to the second place! I am in Y12, and I am adjusting for Y13. 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. 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! I want to thank you for visiting my Business Strategy Game (BSG Online) website. It is a show to the investors whether their investment is performing well. This would leave you with a bunch of shoes unsold. Thanks! Max OUTyour production with the high quality shoes at the lowest possible cost. What should I do in this case? 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 rule of the game is to compete with the other students' teams to stay ahead to gain a competitive advantage over other teams. The BSG Game went through a major revision in the beginning of 2019. Is this guide guaranteed to make me 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. (Im adjusting for Y13 now). For long term celebrity contracts and endorsement, bid for them in the early stages of the simulation. It didnt matter how competitive they were, how motivated they were, or whether they were Industry Champions. 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. This site uses Akismet to reduce spam. I will explain soon, how to increase plant capacity and why we need the capacity for private label. Again, this can be trial and error for a couple of decisions but you should get a feeling for what multiplier is best for your company. But again, thanks! 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. But the plant page did say not recommend to build the plant so I was hesitating. The decision is due tonight I am so nervous but the performance score so far looks good. Then, after a lot thought on the matter, I devised an easy method for taking full advantage of currency fluctuations. 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. Learn tips & tricks, from a BSG Grand Master! Hi! I worried that another team would have stumbled onto your blog, but few people Google tips it seems! 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. I believe it varies based on your games situation. you can SUCCEED in the Business Strategy Game by following my SIMPLE tips, advice, and strategies. I daily (thank you, Hootsuite, for making it so easy!) and L.A. in North America to reduce costs because ofNAFTA. My group and I are also playing the new version of the game and were little bit lost. Again, try out each percentage for each region and set it to the percentage that yields the highest profits. Hi, 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. So your costs will be relatively low as well and the private label will be a very important factor of yours. If you tweak those numbers, your demand will adjust accordingly. 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. However, to be able to do so, you need available capacity. Chances are it would be a piece of cake right? In the upper left box, you have available sources of additional cash. The most important advice in advance: it is all about PROFIT. In any Business Strategy Game, including BizMAP, you will not get it 'right' in the first attempt. Strategies, decision screens, reports and tests. Now, I am worried about the future rounds. I let the rest remain the same in the entry. 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. What Poker Strategists Say Poker is an incredibly strategic game and as such, there's a lot to learn from its big players. I highly recommend starting below with my free tips guide. This will enable you to tap into the different unique abilities of each of the members thus strengthening your team. No worries, it will be easier after the first few years. 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 so thankful for your post!!!!!!!!!!!! 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. thank you for your help. . like should I just follow your tips through all because I kind of get on a bad start. Hi. It makes sense; the more ads you run, the more your celebrity endorsement will be seen and the more effective it is. 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. Okay. Be objective in your approaches from the beginning of the simulation right to the end. Members of the team should have skills and strengths that serve to complement each other for a perfect working synergy. 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. So, play around and find the best combination for your given S/Q rating that yields the highest net profit. Thats one of the things you should never do because you can always use capacity. In Y12, I paid early payment 12,000k at 8.5% and continued borrowing 70,000k at 4.5% for 5-year). MyNewVideo Guide leaves nothing to the imagination. Or you have read it but still do not know what strategy to pursue or what is going on? 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. thank you:). I am the longest known active Business Strategy Game player with a career stretching back to 2006 and throughmultiple versions of BSG. Before you even start plugging in any numbers, it is important that you decide for a strategy to pursue for the game. Look over the shoulder of a Business Strategy Game Grand Champion and see how he pulled off his overwhelming victory. 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. Even more important is, to stick to it! Can you tell us more about the strategy you had ? Selecting the members that will form your team is very crucial as you will be working together to ensure the success of your company. Beat the Business Strategy Game. 39K views 1 year ago #businessstrategygame Here is my ultimate guide to help you ace the Business Strategy Game. 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. 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). On this decision page, you can bid on celebrities. With our strategy in mind, I would recommend addition capacity to already existing plants rather than constructing a plant in a new region. Yes, I would definitely do plant upgrade option C! It will be, trust me. I have also included a Special 30 minuteAudio Companion for the Magic Numbers that is great for Year 11 starters! . Repurchasing stock will boost both your EPS and ROE. Otherwise, their endorsement effect declines. After you have calculated the manufacturing volume for each region, add up your N.A.