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. Yes, I am talking about the www.bsg-online.com for 2023. 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. 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. I personally would not bid higher than $5,000 $6,000. 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. 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. Thank you so much for the good recommendations. The first is the paid guide. 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. It is a show to the investors whether their investment is performing well. Free shipping will most likely not increase your profits. 4. Setting up a successful business requires time, money, a lot of hard work . You always want to make sure that you produce your sales volume for N.A. So having understood what the image rating of a company is based upon, how can you improve it? I let the rest remain the same in the entry. The higher your celebrity endorsement value for a specific region, the more your advantage in attracting buyers to purchase your branded footwear. But the plant page did say not recommend to build the plant so I was hesitating. 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. This means, you decide about the S/Q Rating of your branded pairs produced and your compensation and training for your employees. Try and set it to Yes. It took me years to learn this and it would take you years as well but,I know you dont have years. I was thinking about building a LA plant because I took the majority of private label there last year. You are now done with your private-label decisions and all significant decisions that affect your net profits. And it is pretty difficult for other teams to see what you are doing to them before it is too late. Exactly. This has been very useful. When contracting a celebrity, your advertising efforts in the Sales Forecast section should not be low. 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. Also, I suggest not decreasing your dividends. Before you even start plugging in any numbers, it is important that you decide for a strategy to pursue for the game. Pay loans faster. After you have done this for both the N.A. Members of the team should have skills and strengths that serve to complement each other for a perfect working synergy. 1. It is definitely around 1.2 though and I recommend starting off with this value. Thank you so much! You will also receive a copy of Currency Made Simple. For long term celebrity contracts and endorsement, bid for them in the early stages of the simulation. Ive played the Business Strategy Game many times through and have completely dominated my opponents every single round of every single game. (meaning I decreases it from $1.00 to $0.15). Do the same for your E-A and A-P volumes and plug them into the A-P manufacturing slot. I am getting my butt kicked! Yeah I had that in the first weeks as well. The Business Strategy Game BSG is a PC-based exercise designed to mirror the real-world features of the competitive athletic footwear industry. Here, you will decide for how much your shoe is going to sell. Hence, try to keep your internet price at least 40% higher than your wholesale price. Dave Mar Look over the shoulder of a Business Strategy Game Grand Champion and see how he pulled off his overwhelming victory. and A-P plant, focus on your Total Branded Production Needed to Achieve Year XX Sales Forecast section on the lower half of the page. Thank you so much for your reply! With this, they raised the global capacity to 30,000 when the potential global demand (including private label) is only 24,218. In the case where other competitors are employing this strategy; strive to be the first team to get the most points. I only ever paid attention to my profits and I never ever sold capacity. I still think its a waste to build a plant there, unless youre selling tons of shoes (high models, mid SQ). 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. Let me walk you through the various decision pages and explain you how to optimize each entry. I have placed this manual and an easy-to-use currency spreadsheet on this site for you. Hi Yvonne. Your competitors are most likely looking for this information too. construction cost to be financed with debt. I include tons of free information to give you a leg up on your classmates on my blogroll. This is where consumers get the best quality of footwear at the lowest possible price, therefore ensuring value for their money. Sounds good, congrats! Strategy and Execution is your shield and sword for Conquering the Industry. Login Scroll Down Your browser does not support the video tag. Learn how your comment data is processed. Always Have A Backup Plan. Ive turned dead-last severely bankrupt companies into Industry Champions with just two years left in the game. You will also receive a copy of Currency Made Simple. Like I explained in my blog post, do everything that is necessary to increase and maximize your net profits. Those are LEARNING REFERENCES written bycommonplace Industry Champions, which teach you how toplay. You are almost done for the Sales Forecast decision page. 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. Learn the single most powerful strategic financial decision you can make that WILL, Discover why one business level strategy is FAR SUPERIOR to all the others and why you will surely lose if youre not implementing it, Learn in plain English what each decision screen does and the data thats important to manipulate to win, Learn how to pull yourself out of debt instantly even if youre bankrupt or dead-last, Learn which industry reports you MUST pay attention to and how to interpret them, Discover the single-most common mistake that students make and why you MUST avoid it at ALL COSTS, Learn which regions you should build factories in and which regions you should steer clear of. What is this Currency Made Easy! It depends on how much private label you sell and whether you want and can sell more depending on the market, whether its satisfied or not. This is why building additional capacity is so important. The Business Strategy Game or BSG is a simulation game used by, different colleges for their Business capstone. Two decision rounds later, I was ranking 3rd in the world. Sure, you can ask anytime Can you tell us more about the strategy you had ? A business strategy game is an exercise that requires critical thinking and problem-solving skills, similar to what an entrepreneur may use while running their daily operations. However, there are still some other voluntary decision that will prepare you for future decisions. The fact that you are looking for help mean. you should repurchase stock whenever you can. Let me know if you have any more questions. R.O.E is the measure of the ability of a company to generate profit. If you have any questions, suggestions, or comments feel free to comment and I will do my best to help you out. Especially with our high quality and low models strategy, this will be very beneficial and will safe you some money. My question is what if I decreased the pay dividends to $0.15 from $1.00? 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. 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! So your costs will be relatively low as well and the private label will be a very important factor of yours. 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? I daily (thank you, Hootsuite, for making it so easy!) Other teams in your industry wont stand a chance when you unleash the tactics we teach. Hi, youre welcome. I cant seem to find it. So the question is: would you recommend for my team to still increase capacity despite this fact? Here are factors to be considered before picking a celebrity. 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. The Models Offered estimate seems pretty fair and you do not have to worry about it. This game can be overwhelming, so anything to help other players! I want to thank you for visiting my Business Strategy Game (BSG Online) website. Hello, thanks for the great strategy, it is working (1st place) ! It can be very beneficial for you. Use of my strategy creates a landslide effect that, as you can see, is very devastating to all opponents. 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. Year 11 might be over for you. You can do this by paying off your loans at the earliest possible time. My group and I are about to complete year 17 for the game. Business Strategy Game - Capitalism Lab. 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.