Also do you know the cost of building additional capacity. While being in every market is a goal of a successful multinational company. I did not stock issues or issue purchase in the those years. Now, I am worried about the future rounds. I daily (thank you, Hootsuite, for making it so easy!) All the while you get lost on what was really importantto do actuallywin. Profit is the key to success in this 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. The fact that you are looking for help mean. The two most important values you want to have as precisely estimated as possible are the industrys average wholesale price and S/Q rating. However, with a reasonable price. Play the game multiple times and try to refine your strategies and entrepreneurial skills with each attempt. It is usually best to repurchase stock at the beginning, when your stock prices are relatively low. Exactly. Ship all the other shoes for the Europe-African warehouses and the Asia-Pacific warehouses from the Asian-Pacific plant. I will walk you through each page chronologically. 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. Players must make decisions to build brand loyalty by improving . The information is these . Yeah I will hold on to that for now. Do not worry about those numbers, they will just show you whether your investment is profitable or not. Hi. ? 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). 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. Stick in your e-mail address, and the tips guide will be in your inbox instantly. 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. Do this for all four regions. Year 11 might be over for you. Fin. 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 ? I would like to ask you about the Dividends. In my opinion, I believe the other teams are thinking on exploit the private label. The Models Offered estimate seems pretty fair and you do not have to worry about it. Otherwise, their endorsement effect declines. I see this every semester, and you dont want it to be you. Thats one of the things you should never do because you can always use capacity. If Im wrong, Ill post another comment. 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. However, you can successfully apply most of the following tips to either strategy. I personally find it easier to pursue and had more success with it in the past. After you have calculated your new regional wholesale sales volume, add the regional internet sales volume to it. 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. This has been very useful. I want to thank you for visiting my Business Strategy Game (BSG Online) website. This means, without increasing your superior material or enhanced styling / features, you gain 1 star. 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%. Aim for a higher credit rating of B+ or above. Theres everything explained in detail. This is why building additional capacity is so important. And he also purchase 4000 capacity in the first year but no advertising expenses. Learn tips & tricks, from a BSG Grand Master! From this highest whole dollar amount, I plug in every possible value around it and find the price that yields the highest net profit. After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. Increase S/Q ratings? 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. Chances are it would be a piece of cake right? First, set your Number of Models to 50, as determined earlier at the Sales Forecast page. We had a bunch of copycats in practice year 12, but nobody has figured our profit-maximizing, low-cost strategy, and now theyre pursuing higher models in the real game. How would you like to acquire every secret I have about the Business Strategy Game? These are the tools you need to win BSG. 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. However, you should keep on thing in mind: Your internet price should ideally be 40% higher than your wholesale price. I cant seem to find it. This isthe lazy wayof winning the Business Strategy Game and requires very little knowledge and effort on your part. Thank you so much for your reply! Is there a strategy that will always win? For only $35, get instant access to the Business Strategy Game Guide. For only $35, get instant access to the Business Strategy Game Guide. 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. . If you bid on multiple celebrities, it is good to set a ranking priority and a spending cap so that you do not spend more money than you want or have available. Regardless of your scenario,having BSG Tips in your corner is like having an 800 lb. However, it will also decrease your ending cash. 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. Members of the team should have skills and strengths that serve to complement each other for a perfect working synergy. Personally, I would do a higher SQ to start things out while you are building capacity to match the low quality-high model approach. 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. Dont believe us, just try below. 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. However, after 3-4 years, your competitors will settle and changes will be more predictable. If you have any questions, feel free to come back and ask them. Company operations are patterned after Let me ask you this. The only thing you wont get is Magic Year 11 Secrets Revealed.Dont Wait! Set your price to whatever maximizes your profits. Paying dividends will increase your stock price and your ROE. im at year 17 and perfect score twice, 1st in last 3 years and 2nd twice. The C.I.R on the other hand will give you a deeper look into market share, S/Q ratings as well as price. Hence, try to keep your internet price at least 40% higher than your wholesale price. I dont know why the game suddenly changed your numbers but I recommend using every last bit of your capacity. or A-P plant. construction cost to be financed with debt. In this multiplayer business simulation game, Virtonomics players must strategically build their virtual companies to become successful Virtonomics entrepreneurs. Two decision rounds later, I was ranking 3rd in the world. Play with your numbers around and tweak them to generate maximum net profit. The BSG Ultimate Solution isTHE ONLYGUARANTEEDone-way ticket to winning the BSG. 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. you can SUCCEED in the Business Strategy Game by following my SIMPLE tips, advice, and strategies. 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. Hi! You can decide to sell or purchase available capacity, upgrade your plants, build new plants in other regions, or add capacity to already existing plants. This is also linked to having production facilities in that market to support it. Hence, find the combination that gives you the highest profit. How important is image? What is this Currency Made Easy! 2. Pay loans faster. Be in it for the long haul So your costs will be relatively low as well and the private label will be a very important factor of yours. 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. There is a huge difference of learningHow To Winand learning the basics of the game. Could you win the Business Strategy Game against a bunch of 5th graders? Using a game strategy to push a business forward is a different approach, but it has been proven successful for many. 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? Is there anyway to increase the demand for my shoes in the internet/wholesale markets? So where to look at this thing, as soon as you start the BSG Online Game. Select from a pool of diverse individuals who will bring in different opinions and perspectives to the team. To do so, first plug in your N.A. Is your strategy also works for my situation? Some students even let it ride without making ANY decisions for years! honestly i started with 150 models at 6 stars and went to 200 and 7 stars, 8 in private label. Any advice? Hi! 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). 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. More capacity also brings down your costs. Looking at the North America column, you now have to plug in your values for Wholesale Price, S/Q Rating, Models Available, etc. However, when pricing your shoes, keep in mind to set the price at least $5 below the wholesale price average. In the Private-Label Production field, use all your remaining available capacity, even overtime. Our final score was 99 and the closest team to us scored a 74!Out of a total of 11 teams, 7 of them scored below 40! It is not. Here are a few things to give you confidence in us: Our guide & coaching took every customer to 1st or 2nd place utilizing the guide. Written by an Undefeated Business Strategy Game Grand Champion. And should I do stock repurchase this year? The best business tip I have received so far is to have a backup plan for all your moves. On this decision page, you can bid on celebrities. Your numbers might be a little bit off due to the reject rates. I have also included a Special 30 minuteAudio Companion for the Magic Numbers that is great for Year 11 starters! Its not too bad, no worries. sales volume estimate. 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. Strategies, decision screens, reports and tests. Download Magic Year 11 Secrets Revealed NOW. 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. Everyone has the same advantage as the team next to them. You now have an estimate of how many shoes you are going to sell in each region. As a company wants to be in every market, it will be important to . Im glad I was able to help and good luck to you! 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. However, to be able to do so, you need available capacity. How Much Capacity Should My Company Have? Make sure the celebrity is suitable in the geographical region you want them to endorse your shoes. You dont have to care about your retail outlets anymore so adjust the price so maximize your net profit, without the 40% rule. There are tons of possibilities in the Business Strategy Game, and the wrong strategy in the wrong circumstance willCOST you the game. Always Have A Backup Plan. havr the highest stock price, image rating at 90, A+ still, and double digit EPS. I have experienced different behavior with bidding on celebrities. 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. You said that the internet price should be 40% above wholesale. Yes, I am talking about the www.bsg-online.com for 2023. If you see little action on the celebrity market, go ahead and get your celebrities for the lowest price possible ($500). It makes sense to do the upgrade before adding capacity. Use of my strategy creates a landslide effect that, as you can see, is very devastating to all opponents. After watching this comprehensive 75 minute video I haverecentlyfilmed, you will know exactly what you need to do to be successful. I never really watched my EPS or credit rating (ofc credit rating should be a B at least). Important: Your Sales volume, not the production volume that includes the rejected pairs! Turn delivery time to four weeks because it has no noticeable effect on sales but significantly affects EPS and Net Profit. You then want to select 0% as the Portion of the $XX mil. However, my net profit is still negative even after i have adjusted the private-label. I let the rest remain the same in the entry. I am getting my butt kicked! 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. After you have done this, you repeat the same procedure for Europe-Africa and Asia-Pacific with the A-P plant because it is cheapest to ship shoes from A-P to E-A. Okay! When doing so, you have to plug in numbers for the assumptions section in the new window. Every game in the Business Strategy Game starts out the same. This will lead to greater visibility for your company and thus a boost in the image rating. Be careful: Sometimes, especially for advertising, numbers that are way off (for example $100 and $8,000) can yield about the same net profit with only a little difference. Just plug in numbers and note down your net profit values. Okay! For the upgrade option C is the one to raise 1 star, but the actual cost it can save me every year is not a lot, should I still do that? This Reddit is dedicated to help undergraduate and graduate students excel at the McGraw-Hill Business Strategy Game or BSG-Online. Again, trying out different combinations and optimizing net profits is key for these values. Increase models? After you have successfully plugged in your branded pairs that need to be manufactured for both plants, click the Save Decisions button and move on to the Branded Distribution page. Ideally, you can cut your employees wages and will increase profit. SAVE TIME & PASS YOUR CLASS Amplify Your BSG Online Score: https://www.bsg-game.com/select-time Derek's "Pass Your Class Guarantee" . It is definitely around 1.2 though and I recommend starting off with this value. However, the private-label market is set up the way that only a limited demand is given each year. 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. I prioritize building additional capacity and purchasing plant upgrades. Almost done, the last decision page. More than often they drone on and on about BSG, to the point, its barely relevant toimpress you with abunch of words. Any thoughts? It will give you some immediate tips you can implement to start off on the right foot or begin turning things around. Were at the middle of the pack and wanted the best strategy to move up the ranks. 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. Contact the Grand Championand Learn more about the BSG. It covers in detail all of the strategies, concepts, software features and tricks necessary to win the McGraw-Hill Business Strategy Game. If you have your AP price set to e.g. This will save you money in the long run and at the same time boost your credit rating positively. For this blog post, I will concentrate on the high-quality + low model strategy. It is all about trying out all possible combinations. No worries, it will be easier after the first few years. The end result counts. You will get the hang of it after the first few decision rounds as it is always the same procedure. and why do I want it? Do you know why is that? . If not, see what positive percentage yields the highest profit for you. I cannot make any money there. I guess because i grew too fast last week, this weeks net profit is negative (I didnt make any adjustment yet). This site uses Akismet to reduce spam. . In the first few years, this will be pretty difficult to determine. As already mentioned, it is important that you ship all your shoes for the North American warehouses and the Latin American warehouses from the North American plant. Should I continue expanding NA or AP and by how much? With this, they raised the global capacity to 30,000 when the potential global demand (including private label) is only 24,218. Thank you so much for the good recommendations. There should be a balance. Here are some of the best tips for accelerating your business. I followed your recommendations, and I have a good rank. Im play a new version of BSG ,we have already completed year 17 and now our team have a problem with struck in the middle stage that cost cant decrease more and this year other company in the industry have a high SQ star and low cost (price war) that we cant fight them because our cost is too high. However, I would recommend not taking out any loan if possible. The BSG Game went through a major revision in the beginning of 2019. Hi, youre welcome. If this scares you, it should. Hi, 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. 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. thank you:). 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. 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 always went with 500 every second year, but it depends on your market and competitors.
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