Emerging on top of this simulation can be quite a challenge. Try out each and every value and note down the highest net profit values. Set your price to whatever maximizes your profits. Some students even let it ride without making ANY decisions for years! It only takes 10-15 minutes to put the numbers in the right spotsto make yourself an Industry leader. In the case where other competitors are employing this strategy; strive to be the first team to get the most points. By employing the best cost strategy. The Capitalism series is widely regarded as the best business strategy game series ever created. And you said I should only add capacity onto existing ones instead of building a new one in LA right? Everything else like earnings per share (EPS), return on equity (REO), and image rating (IR) will automatically follow. Written by an Undefeated Business Strategy Game Grand Champion. You will soon know why. 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? Let me know if you have any more questions. I never really watched my EPS or credit rating (ofc credit rating should be a B at least). With this, they raised the global capacity to 30,000 when the potential global demand (including private label) is only 24,218. Well some Industry Champions have such an easy time winning because the people theyre going up against simply didnt care about the BSG. So, why not win the Business Strategy Game and stop your worrying. This decision page is mainly a waste of money and we will not spend a lot of time with this page. Yes, its not too late yet to follow through with my tips. How Much Capacity Should My Company Have? Just plug in numbers and note down your net profit values. Here are factors to be considered before picking a celebrity. 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! The accumulated knowledge I have over the Business Strategy Game is on an unrivaled scale. This game can be overwhelming, so anything to help other players! How to solves this situation ,have you given us any suggestion. Switch between different advertising budgets to see which strategy will be the most cost-effective to capture the target market at the best price. I include tons of free information to give you a leg up on your classmates on my blogroll. This will enable you to tap into the different unique abilities of each of the members thus strengthening your team. How important is image? 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. Your Delivery Time should be set to 3 weeks. My group and I are also playing the new version of the game and were little bit lost. This decision page deals with your plants. The best part is that, after it is in place for 3 or more rounds of play, the effects become almost irreversible. 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. Yes, I would definitely do plant upgrade option C! My team and I started the game with minimal knowledge and flailed for the first three decision rounds. This is why building additional capacity is so important. There are tons of possibilities in the Business Strategy Game, and the wrong strategy in the wrong circumstance willCOST you the game. Choosing the correct financial approach, among other things, made a huge difference. Buy I have quite a lot ending cash. Now, decide to which region you want to ship your private-label shoes. For only $35, get instant access to the Business Strategy Game Guide. You almost can never have enough capacity because what you dont sell in branded, you can sell in private label and dumb prices there and take away your competitors market share. Do the same for your E-A and A-P volumes and plug them into the A-P manufacturing slot. You are almost done for the Sales Forecast decision page. Weve heard countless horror stories of students not taking the BSG seriously and failing the course as a result. Do not price your shoes too low, so that you will not make any profits with your sales. The guide also features step by step instructions in how to manage decision screens in making the best decision. I like to have around $8-10 million ending cash available after all my decisions are made. I daily (thank you, Hootsuite, for making it so easy!) Whether a member is suggesting a different. I have placed this manual and an easy-to-use currency spreadsheet on this site for you. like should I just follow your tips through all because I kind of get on a bad start. No worries, it will be easier after the first few years. These simulation games can help you develop hard. And then I would just follow my tips and adjust all other values to maximize profits. It typically keeps increasing until a certain price point and then starts to drop. Download Magic Year 11 Secrets Revealed NOW. Copyright 2018 BGSTips.com | All rights reserved. Learn how your comment data is processed. However, keep in mind that your regional endorsement value should not be higher than 400 in any region. I worried that another team would have stumbled onto your blog, but few people Google tips it seems! In any Business Strategy Game, including BizMAP, you will not get it 'right' in the first attempt. This is actually typical of almost every single Business Strategy Game Industry, as it takes only 1 greedy person to get the ball rolling. They have all changed by +2%, just as you plugged it in. Yeah I will hold on to that for now. and L.A. in North America to reduce costs because ofNAFTA. A free section gives the casual reader some tips and tricks in class and a paid guide for people who are behind and need to catch up or students who want to save themselves the headache and win. Hi, Im glad to hear that it helped! This like a trial and error process and does not necessarily have to make sense. You said that the internet price should be 40% above wholesale. and L.A. volumes and finally plug them into the NA manufacturing slot. I mainly looked at what they were doing in the private label sector. In this blog post, I will run you through everything important that you have to know about the BSG and how to win it. When doing so, you have to plug in numbers for the assumptions section in the new window. 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. I suggest to go for maximum profits. At the lower half of the page, you also determine how many branded pairs you want to manufacture in each region you have a plant. My undergraduate business strategy teacher made us play the BSG-Online simulation for 40% of our grade. Does it affect any other factors? I highly recommend starting below with my free tips guide. Especially with our high quality and low models strategy, this will be very beneficial and will safe you some money. You will have secret access to private areas of the site and get to ask questions with my personal expert replies. The most important advice in advance: it is all about PROFIT. How would you like to acquire every secret I have about the Business Strategy Game? Thats a relief. Make year 11 EASY on yourself and learn how the game is played. 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. 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. The profits of controlling the industry will help you win the business strategy game. So where to look at this thing, as soon as you start the BSG Online Game. Do not worry about the Plant Capacity / Upgrades page. Hi! Here, you have the opportunity to sell your existing capacity. 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. 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. Max OUTyour production with the high quality shoes at the lowest possible cost. And it is pretty difficult for other teams to see what you are doing to them before it is too late. Go ahead and try out which combination yields the highest profits. I recommend building additional 1,000 capacity for the North American plant in the first year, if your cash balance allows it. 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. In addition, the company resembles an athletic footwear company with plant operations instead of outsourcing . This enhances the marketing efforts for the brand. I will explain soon, how to increase plant capacity and why we need the capacity for private label. Is there a strategy that will always win? If it increases your profits, leave it at Yes, otherwise set it to No. What Poker Strategists Say Poker is an incredibly strategic game and as such, there's a lot to learn from its big players. After you have found the right price, click the Save Decisions button. To do so, first plug in your N.A. Apply the following tips to reduce some of the costs. 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. In this multiplayer business simulation game, Virtonomics players must strategically build their virtual companies to become successful Virtonomics entrepreneurs. If this is still not enough, add the missing shoes to the other plants Branded Pairs to be Manufactured in Year XX number. And you can basically never have enough capacity for private label. So I run into problem again! Good communication skills. No worries, this is logical and you did nothing wrong. We will now look at all the decisions you have to make to actually play the game and be successful with your strategy. To boost earnings per share (E.P.S) you can use the cash at hand to retire and repurchase any outstanding shares. This site uses Akismet to reduce spam. Which wholesale are you referring to? So when following the steps described above, you will have positive ending cash really soon again. This means, you decide about the S/Q Rating of your branded pairs produced and your compensation and training for your employees. Were at the middle of the pack and wanted the best strategy to move up the ranks. 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. It has two components. However, it will also decrease your ending cash. It's customized for you to run the company in direct competition with other class members. Most of the decisions you can make here are a waste of money and will not benefit your company. 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. However, if done right, it is worth the time as it will yield the maximum profit possible and success in your industry. Your numbers might be a little bit off due to the reject rates. Almost done, the last decision page. Thank you so much for your reply! This will lead to greater visibility for your company and thus a boost in the image rating. Advantage of this is, that you dont have to pay too much attention to your competitors. 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 . Let us take a look at the Plant Capacity / Upgrades page first. The Business Strategy Game (BSG) is online games in which students form teams that are assigned tasks and compete in running the business of an athlete footwear company. This is extremely easy and if thats all you want, then grab The Ultimate BSG Solution right now and guarantee your success. While your regional sales volume for the internet segment is a good estimate, the estimates for the wholesale segments are not. The importance of buying back stock early and how buying back stock gives you an edge in the game. Should I decrease the pay dividends and do stock repurchase in Y13? Thanks for your strategy! Yes, despite your competitors building capacity as well, I recommend increasing capacity in a reasonable amount.