I promise you my techniques and tips are fully replicable and have kept me theundefeatedall theseYears! 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. Yes, its not too late yet to follow through with my tips. It has not only won recognition and awards from top gaming media such as IGN and PC Gamer, but also from world-leading media including CNN and Discovery Channel. Looking at the North America column, you now have to plug in your values for Wholesale Price, S/Q Rating, Models Available, etc. You will soon know why. Try out different combinations that keep you at 8* and the highest possible net profit. If you are completely new and your projected performance box is not showing yet, you have to click the Save Decisions button on the upper right-hand corner for the projected performance box to appear. At the same time, youll generate significant amounts of income from the hardest market to extract revenues from. But this year the shipping is too high from AP to LA so I cannot make any money from LA. Chances are it would be a piece of cake right? Sure, you can ask anytime I suggest you upgrade your browser. Dont blindly waste recourses on a celebrity tag; be strategic to make sure you will get the return on investment. I did not forget it, but we will take a look at it later. Thank you so much for your suggestion! Thats a game changer!! I adjusted a little bit and the forecast is now close to previous years. Do this for all four regions. 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. Beat the Business Strategy Game. 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. 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. This means, you have a channel conflict, meaning that your Retail Outlets number will decrease in the next year and less retailers are willing to sell your shoes. I want to thank you for visiting my Business Strategy Game (BSG Online) website. 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. This decision page deals with your plants. Is there a strategy that will always win? Contact the Grand Championand Learn more about the BSG. I personally find it easier to pursue and had more success with it in the past. You do not want that to happen, especially because your internet sales only account for a small percentage of your entire sales. Theguide will show you how to make your company lean and agile to cope with the industrys marketplace. The importance of buying back stock early and how buying back stock gives you an edge in the game. Important: Your Sales volume, not the production volume that includes the rejected pairs! 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. This has been very useful. 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 I have experienced different behavior with bidding on celebrities. If you have more cash available, go ahead and spend it for either one of the other options. 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. so idk what i may have done LOL, Hello, may I ask my is not that great at the moment and we are onto year 13 which is like 2nd year maybe of the game and i try my best to like follow your tips though not as fully cause I still dont understand much especially the calculation one a bit confusing cause I am bad at that, so far I have 7 s/q rating though I am unsure should I do lower models or not cause I am afraid it might not be enough for profit and all because most I see at average of rating and high models , I was wondering what can I do to make it better? One option that you definitely want to purchase is Option C. Option C increases your S/Q rating by 1 star. You need the capacity for the private label market. It is definitely around 1.2 though and I recommend starting off with this value. The Capitalism series is widely regarded as the best business strategy game series ever created. 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. PS: I left a comment, but I did not see it and thus retyped. Your interest rates depend on your credit rating and the duration of your loan. Any thoughts? How can I increase my game score? On this page, you will optimize your entries and toggle each value until your reach the maximum profit possible for each entry. Its not too bad, no worries. All the while you get lost on what was really importantto do actuallywin. However, do not rely on those values. Increase S/Q ratings? On this decision page, you can bid on celebrities. My undergraduate business strategy teacher made us play the BSG-Online simulation for 40% of our grade. With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. Let me ask you this. For this blog post, I will concentrate on the high-quality + low model strategy. If you tweak those numbers, your demand will adjust accordingly. And profit is what the game is all about. In the upper right box, you can spend your excessive cash. 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. honestly i started with 150 models at 6 stars and went to 200 and 7 stars, 8 in private label. This is because your competitors are adjusting and trying to find their strategy. Like I said before, you should be building capacity, yes. To be a Business Strategy Game Grand Champion, you have to firmly understand every nitty-gritty little detail within the Business Strategy Game Manual. Although the big news for 2020 has obviously turned out to be the effects of the COVID19 coronavirus pandemic outbreak, many business students still have to struggle with the difficulty of playing the Business Strategy Game to get a good grade to graduate. Created Oct 30, 2013 Restricted 753 Members 5 Online Moderators Moderator list hidden. Automated page speed optimizations for fast site performance, Capsim Winning Strategies and Simulation Tips, Leadership and Management Assignment Help. Every game in the Business Strategy Game starts out the same. Your competitors are most likely looking for this information too. After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. Yeah I had that in the first weeks as well. The end result counts. How and when to buy celebrity endorsements at the BSG-Online. I am getting my butt kicked! The Business Strategy Game is a PC-based exercise, modeled to reflect the real-world character of the globally competitive athletic footwear industry and structured so that you run a company in head-to-head competition against companies run by other class members. I was wondering how much more additional capacity that I should purchase after Ive bought the first 1000 for NA. Business Strategy Game - Capitalism Lab. Thanks for your strategy! You can do this by paying off your loans at the earliest possible time. It only takes 10-15 minutes to put the numbers in the right spotsto make yourself an Industry leader. Fin. 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). I have encountered two successful strategies so far: medium-quality shoes (S/Q rating of 5-6 stars) paired with high number of models (250-350 models) and high-quality shoes (S/Q rating of 8-10 stars) paired with low number of models (50 models). The information is these guides is laid out, and displayed, in such a way . Be in it for the long haul I let the rest remain the same in the entry. Again, try out each percentage for each region and set it to the percentage that yields the highest profits. Okay! that helped me become Business Strategy Game Grand Champion. Here are factors to be considered before picking a celebrity. is it because I need to add capacity? 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. How did your 2nd decision go? 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! 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. You said that the internet price should be 40% above wholesale. Hey!! You are almost done for the Sales Forecast decision page. I have also included a Special 30 minuteAudio Companion for the Magic Numbers that is great for Year 11 starters! I prioritize building additional capacity and purchasing plant upgrades. I hope that helps and good luck! If this scares you, it should. Instantly Jump Your Business Strategy Game Score 10 Points for FREE! Unused capacity kills your numbers and profits! It sometimes works. However, keep in mind that your regional endorsement value should not be higher than 400 in any region. Especially with our high quality and low models strategy, this will be very beneficial and will safe you some money. They WILL work for you too and can adapt to EVERY situation. Again, maximizing net profit is all you care about with our strategy determined at the beginning. And he also purchase 4000 capacity in the first year but no advertising expenses. Pay loans faster. The first time I played, I did exactly what you are doing: researching the internet. . . You will need those numbers later on. When you are deciding whether to upgrade your plant capacity, time is an essential factor. It is important to toggle your values and find the best combination to maximize your net profit. You can still ship pairs from LA to somewhere else if needed. This is where consumers get the best quality of footwear at the lowest possible price, therefore ensuring value for their money. Okay. You basically do the same thing over and over again, for every decision round. I have placed this manual and an easy-to-use currency spreadsheet on this site for you. If it is 0%, that is fine as well, do not worry about it. Its not too late to do that yet. (0 for both stock issues and stock repurchase). Ive turned dead-last severely bankrupt companies into Industry Champions with just two years left in the game. Strategies, decision screens, reports and tests. 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. Market share is not crucial for your success in the BSG, but profit is. I worried that another team would have stumbled onto your blog, but few people Google tips it seems! The BSG Game went through a major revision in the beginning of 2019. Do not focus too much on Ending Cash, but keep focusing on Net Profit, try to increase that over each years. 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. You then want to select 0% as the Portion of the $XX mil. However, the private-label market is set up the way that only a limited demand is given each year. This is also linked to having production facilities in that market to support it. 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). Hence, find the combination that gives you the highest profit. I feel you. Thats one of the things you should never do because you can always use capacity. As already mentioned earlier, not every decision has to make sense. Hi Fin, Thanks for the detail post and the screen shots. These games often involve managing resources, making . Any advice? No spam. If you find capacity available for purchase, I would always directly purchase it. The strategy utilized is broad and will allow your company to decide in what direction you want to take your company after to win Business Strategy Game. Hi You have to base it off the HIGHEST wholesale price, just to be safe Like that, all 4 regions are guaranteed to be 40% above wholesale price. I now have another question about capacity. 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. Paying off these loans in advance has the advantage that you will pay less interest over the coming years. I wish you the best of luck for your game. The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. However, it will also decrease your ending cash. This is actually typical of almost every single Business Strategy Game Industry, as it takes only 1 greedy person to get the ball rolling. 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 that's won the Business Strategy Game. Hi, Im glad to hear that it helped! 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. Do this for all four regions. Members of the team should have skills and strengths that serve to complement each other for a perfect working synergy. 7 Winning Tips and Strategies for the Business Strategy Game (Bsg) 2022-10-12. Business strategy game Rating: 7,4/10 916 reviews. Purchasing capacity is 20% cheaper than building new capacity on your own. If you will not be able to get a return on your investment over the remaining period, it might be a good idea to forego the upgrading process. Avg. values have changed. If not, see what positive percentage yields the highest profit for you. I suggest to go for maximum profits. If you demand for branded production is met, put everything else into private label to make sure you dont have unused capacity. Obviously, the other teams and their decisions will play the biggest role in how you play the game, but this is a good starting point for how the game works and . For many students, winning the Business Strategy Gamecan be the difference between PASS and FAIL. Im giving away adeadly secretinsideMagic Year 11 Secrets Revealedthat will make a person number 1 almost no matter what. The same accounts for your Change in Annual Base Wages and Incentive Pay values. This is probably the most important decision entry page in the game and you will be spending most of your time here. Use of my strategy creates a landslide effect that, as you can see, is very devastating to all opponents. Hence, you will only focus on the two following decisions that are worth their money as they increase your image rating the most. You have successfully adjusted to your competitors. Theres everything explained in detail. I like to have around $8-10 million ending cash available after all my decisions are made. Here is a chart again tho show you the process: If your regular production capacity is not sufficient, use overtime. Order now. You will soon know why. I personally would not bid higher than $5,000 $6,000. These are some of the tips you can use to win the business strategy game. I was thinking about building a LA plant because I took the majority of private label there last year. For long term celebrity contracts and endorsement, bid for them in the early stages of the simulation. The celebrity should also be compatible with the product, for instance, a football player would be ideal for a sports shoe endorsement. Dave Mar You basically determine and run the market. 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. The BSG Ultimate Solution isTHE ONLYGUARANTEEDone-way ticket to winning the BSG. Anyhow, recalling that I could find no helpful information about the game when I looked, I decided to put together a manual that would be helpful to future students of the game. Any questions you have or any problems you encounter,you can get my expert advice asa BSG Grand Champion. Thanks a lot! You can either take out a 1-year, 5-year, or 10-year bank loan. 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. Do you have any suggestions? . 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. Here, you are treated like a star. Yes, I would only add capacity onto existing plants and not build new plants. It might be tedious work and consumes a lot of time, but it will definitely worth it and will let you win the BSG. This would leave you with a bunch of shoes unsold. Currently, were selling 150 models. You will have secret access to private areas of the site and get to ask questions with my personal expert replies. This like a trial and error process and does not necessarily have to make sense. 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. 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. 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. 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. Dont let them beat you to it or you simply wont stand achance. You cannot afford to followsimple techniques and fail! One week they might increase, the other they might increase by just a little or even decrease. Look over the shoulder of a Business Strategy Game Grand Champion and see how he pulled off his overwhelming victory. The guide also features step by step instructions in how to manage decision screens in making the best decision. I did not stock issues or issue purchase in the those years. In any Business Strategy Game, including BizMAP, you will not get it 'right' in the first attempt. Again, trying out different combinations and optimizing net profits is key for these values. However, if you happen to use overtime at either of the two plants, plan on increasing the plants capacity in this decision round. 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. Hi there! Optimizing your values is the essence of the game, even though it might be very time-consuming. Focus on Net Profit, ROE (very important), Credit Rating, Image Rating is quite easy to control and also Stock Prices. 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. This can get confusing at the beginning so here is a table to show you the process. . And Im so thankful for your post!!!!!!!! On this page, you will set your values for your branded production. How to solves this situation ,have you given us any suggestion. In the Private-Label Production field, use all your remaining available capacity, even overtime. When I played the game, I barely looked at what my competitors were doing. While being in every market is a goal of a successful multinational company. 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%. There are tons of possibilities in the Business Strategy Game, and the wrong strategy in the wrong circumstance willCOST you the game. of what decision year youre in, how bankrupt you are, or if your company is dead last right now . It makes sense to do the upgrade before adding capacity. Sometimes, clearing your beginning inventory at a discount will boost your profits. Now, I am worried about the future rounds. Make all the decisions tactfully and base them all on research and not emotion. I never really watched my EPS or credit rating (ofc credit rating should be a B at least). 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. For only $35, get instant access to the Business Strategy Game Guide. It was set Pay Dividends $1.00, which turned out 20,000k in total. I am so thankful for your post!!!!!!!!!!!! Then, just like you did before, plug in different values for your internet price and see, which price yields the highest net profit. After a couple of decision rounds, you will get a feeling for it and it will become easier, no worries. As a company wants to be in every market, it will be important to . As always, do not forget to save your decisions after you are done. When there is a change in any aspect of operations it should be implemented upon approval of all the members. We will now look at all the decisions you have to make to actually play the game and be successful with your strategy. 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? As I keep reading online about different strategies to win, there are some postings that are aligned with the strategy of low quantity of models offered at a high quality and keep increasing capacity. You can also pay dividends to your shareholders. thank you:). My group and I are about to complete year 17 for the game. Repurchasing stock will boost both your EPS and ROE. In this package you get TheUltimate BSG Solution Guidealong with theIndustry Champion video. Global Top Performers However, do not forget to calculate your possible additional expenses for your celebrities. So for the last year I didnt stick to the rule that the internet price has to be 40% higher than the wholesale price. Let me know if you have any more questions. Your Delivery Time should be set to 3 weeks. 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.