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. Or you have read it but still do not know what strategy to pursue or what is going on? Do not price your shoes too low, so that you will not make any profits with your sales. 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. Displaying corporate citizenship in a responsible and socially acceptable manner for not less than 4 years. I feel you. Good communication skills. The private-label sector is something you do not want to miss out on, especially with our high quality, low models strategy. The BSG tends to underestimate those values by about 20% and hence, you need to correct them for a more precise estimate. How to solves this situation ,have you given us any suggestion. If your results in the first year are not too good, its not a big deal. You need this capacity for the private-label market. I was thinking about building a LA plant because I took the majority of private label there last year. With increased competition, prices tend to decrease. Here, you will decide for how much your shoe is going to sell. The most important advice in advance: it is all about PROFIT. In the upper left box, you have available sources of additional cash. This is extremely easy and if thats all you want, then grab The Ultimate BSG Solution right now and guarantee your success. Learn how your comment data is processed. There should be a balance. Again, it is important that you keep in mind to optimize your profits. After you have plugged in your numbers for both plants and your Branded Pairs Available for Shipment matches your Total Branded Pairs Shipped from each Plant, go ahead, click the Save Decisions button, and move to the Private-Label Operations page. As already mentioned earlier, not every decision has to make sense. We were actually thinking on building capacity in LA for next year, however, two of the other teams already built capacity for 6,000 pairs in total (we are only 4 teams in total). Do not worry about me skipping the Internet Marketing, Wholesale Marketing, and Celebrity Endorsements pages. Five years ago, I was sitting in a similar situation as you. The best business tip I have received so far is to have a backup plan for all your moves. 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 this blog post, I will concentrate on the high-quality + low model strategy. Same for your superior material. More than often they drone on and on about BSG, to the point, its barely relevant toimpress you with abunch of words. We offer free, unlimited fast support to answer any questions. 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. You will soon know why. Your numbers might be a little bit off due to the reject rates. No worries, this is logical and you did nothing wrong. The importance of buying back stock early and how buying back stock gives you an edge in the game. Two of the most important things to do here are analyzing your competition and optimizing your values. Optimizing your values is the essence of the game, even though it might be very time-consuming. You can either take out a 1-year, 5-year, or 10-year bank loan. After watching this comprehensive 75 minute video I haverecentlyfilmed, you will know exactly what you need to do to be successful. Play the game multiple times and try to refine your strategies and entrepreneurial skills with each attempt. It is all about trying out all possible combinations. Please delete one if there is an extra comment. I promise you my techniques and tips are fully replicable and have kept me theundefeatedall theseYears! (meaning I decreases it from $1.00 to $0.15). Advantage of this is, that you dont have to pay too much attention to your competitors. I did not forget it, but we will take a look at it later. But again, thanks! This is where consumers get the best quality of footwear at the lowest possible price, therefore ensuring value for their money. One week they might increase, the other they might increase by just a little or even decrease. Hi! I highly recommend starting below with my free tips guide. Weve heard countless horror stories of students not taking the BSG seriously and failing the course as a result. Furthermore, I spent all my cash on hand for dividends and stock repurchase to increase my ROE and EPS as much as possible. Thank you so much for the good recommendations. Theres not right amount of capacity you should purchase. Complement each other. Im an excel and math geek and started to break the game down and understand it on a deep level. Go ahead and try out which combination yields the highest profits. Using this as a base strategy has yielded good results in my experiences. . For further explanation, please read my blog post. However, if you happen to use overtime at either of the two plants, plan on increasing the plants capacity in this decision round. According to the change, you can estimate the next years average industry internet price and plug it in. Hi Yvonne. The profits of controlling the industry will help you win the business strategy game. As a Business Strategy Game Grand Champion, I have been responsible for burying many Industry Champion competitors and I have to say, its not hard. 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 first time I played, I did exactly what you are doing: researching the internet. 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. I was wondering how much more additional capacity that I should purchase after Ive bought the first 1000 for NA. However, it will also decrease your ending cash. Hello. Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. In the instance where a plant is available for purchase, buying one would be the ideal option because you will be able to save time and up to 20% of the money that would have otherwise been used to build one. If you really need money, I would rather advise you to issue some of your stock. And he also purchase 4000 capacity in the first year but no advertising expenses. Sure, you can ask anytime Use the remaining 30% capacity to sell shows in private-label! One way you can maximize the R.O.E is to purchase stock at the earliest possible time. Select +2% for the Percent Change in Competitive Impact of All Other Factors from Previous Year. After you are done, move on the left side and do the same for your internet sales. As much as expansion is important to the lifeblood of a company, if you are faced with a situation of people rapidly building a lot of capacity. 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 . The C.I.R on the other hand will give you a deeper look into market share, S/Q ratings as well as price. Thats the highest achievement you can attain. Free shipping will most likely not increase your profits. However, you can successfully apply most of the following tips to either strategy. With more inventory, however, you can put more shoes into private label which is a really important aspect of the game. I started with paying $0.05 dividends and increased it by $0.05 every year. Let me know if you have any more questions. I'm back with this updated video full of helpful tips so you can tackle the. If this scares you, it should. By clicking on the Purchase Capacity button, you can see whether someone else did the mistake and sold capacity. This means, without increasing your superior material or enhanced styling / features, you gain 1 star. All you have to do now, is writing down your forecasted Regional Sales Volume for both the Internet Segments and Wholesale Segments in all four regions. I guess because i grew too fast last week, this weeks net profit is negative (I didnt make any adjustment yet). 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. Business simulation games allow you to experience certain aspects of running a business in a completely virtual, consequence-free environment. Thank you! Paying dividends will increase your stock price and your ROE. I just have a quick question. Please post any information pertaining to: strategies, tips, final presentations, case studies, quizzes, etc. Magic Year 11 Secrets Revealedgives you exclusive access to a tried, tested and provenlegitimatebase method for stuffing approximately $50,000 Net Profit in your first year. Sounds good, congrats! Hi, It almost worked TOO WELL. Try out each and every value and note down the highest net profit values. . On this page, you will set your values for your branded production. This is actually typical of almost every single Business Strategy Game Industry, as it takes only 1 greedy person to get the ball rolling. From experience Id say tho that it is already too late to adjust to my strategy presented. The Capitalism series is widely regarded as the best business strategy game series ever created. And profit is what the game is all about. 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? Hence, keep track of the industrys internet price and how it changes. The first is the paid guide. 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. You are playing the BSG but do not want to read the 35-page Players Manual? 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. I believe it varies based on your games situation. Do this for all four regions. 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). After you have found the right price, click the Save Decisions button. How and when to buy celebrity endorsements at the BSG-Online. Exactly. 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. You dont have to care about your retail outlets anymore so adjust the price so maximize your net profit, without the 40% rule. Thats one of the things you should never do because you can always use capacity. This would leave you with a bunch of shoes unsold. I recommend building additional 1,000 capacity for the North American plant in the first year, if your cash balance allows it. Important: Your Sales volume, not the production volume that includes the rejected pairs! I know every strategy, secret, and tip you can possibly imagine about the Business Strategy Game, and Im willing to share them with you. How did your 2nd decision go? Here's a free video of things to watch out for while you are running your shoe company and competing in the BSG. These games often involve managing resources, making . 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! Ive turned dead-last severely bankrupt companies into Industry Champions with just two years left in the game. In addition, the company resembles an athletic footwear company with plant operations instead of outsourcing . as I described in my post, Id go with the low models, maximum profit strategy as it is easy to follow and you determine the market. I am the longest known active Business Strategy Game player with a career stretching back to 2006 and throughmultiple versions of BSG. The demand depends on your retails, price and quality. Paying off these loans in advance has the advantage that you will pay less interest over the coming years. The information is these guides is laid out, and displayed, in such a way that crucial decisions should be a breeze. How can I increase my game score? They WILL work for you too and can adapt to EVERY situation. This will lead to greater visibility for your company and thus a boost in the image rating. In any Business Strategy Game, including BizMAP, you will not get it 'right' in the first attempt. Everything else like earnings per share (EPS), return on equity (REO), and image rating (IR) will automatically follow. Strategy and Execution is your shield and sword for Conquering the Industry. So where to look at this thing, as soon as you start the BSG Online Game. I did not stock issues or issue purchase in the those years. $50.66 but $50.67 gives you higher profits, go for the higher prices. Hi there! Its a lot of trial and error until you find the best possible value and it takes a lot of time at the beginning. And then I would just follow my tips and adjust all other values to maximize profits. If you add capacity it will show you the price. Here are factors to be considered before picking a celebrity. Select from a pool of diverse individuals who will bring in different opinions and perspectives to the team. With remaining the cash on hand, try to buy back stock, pay off your loans from the beginning of the game, pay back dividends, and upgrade your plants. For only $35, get instant access to the Business Strategy Game Guide. NEVER do this. 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. thank you:). Instantly Jump Your Business Strategy Game Score 10 Points for FREE! This means, you decide about the S/Q Rating of your branded pairs produced and your compensation and training for your employees. 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. Here, you will determine the Percentage of Superior Materials, Number of Models, Enhanced Styling / Features, TQM / Six Sigma Quality Program, Change in Annual Base Wages, Incentive Pay, and Best Practices Training. Otherwise, their endorsement effect declines. For many students, winning the Business Strategy Gamecan be the difference between PASS and FAIL. We give you. At the end, I increased dividends to boost my ROE. I personally find it easier to pursue and had more success with it in the past. Here is a chart again tho show you the process: If your regular production capacity is not sufficient, use overtime. To be a Business Strategy Game Grand Champion, you have to firmly understand every nitty-gritty little detail within the Business Strategy Game Manual. Is your strategy also works for my situation? Now, I am worried about the future rounds. Do not worry about those numbers, they will just show you whether your investment is profitable or not. I have also included a Special 30 minuteAudio Companion for the Magic Numbers that is great for Year 11 starters! 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. 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. Before you even start plugging in any numbers, it is important that you decide for a strategy to pursue for the game. I am having trouble getting my company back into the positive ending cash after taking out a loan. Setting up a successful business requires time, money, a lot of hard work . Hello, But strategy wise I always sticked to my maximum net profit strategy which you can do no matter your competitors strategy. Does it affect any other factors? Regardless of your scenario,having BSG Tips in your corner is like having an 800 lb. Concerning changing others values, I recommend reading my initial post where I have explained everything in detail. 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. You might have the highest profits with 0 advertising budget. Based on the kind of approach you will use, you might find it useful to keep some of the costs low. 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. However, with a reasonable price. I see this every semester, and you dont want it to be you. Again, maximizing net profit is all you care about with our strategy determined at the beginning. 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. Use of my strategy creates a landslide effect that, as you can see, is very devastating to all opponents. Yeah I will hold on to that for now. 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. You might think that using green footwear materials or using recycled boxing / packaging is a good decision, especially with the currently ongoing environmental debates. I cannot make any money there.