This isthe lazy wayof winning the Business Strategy Game and requires very little knowledge and effort on your part. So the question is: would you recommend for my team to still increase capacity despite this fact? Thats one of the things you should never do because you can always use capacity. I highly recommend starting below with my free tips guide. If numbers do not add up correctly and your total pairs shipped do not match your total pairs available, go back to the Branded Distribution page and adjust your numbers accordingly. So if one of your markets is not satisfied or prices are high, I would built capacity to attack this market and sell a lot of shoes for a cheap price, to guarantee you the lowest price so that you sell all your offered shoes. On this screen, you can handle your financial decisions for your company. And Im so thankful for your post!!!!!!!! How important is image? 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. And I would not build another plant, rather increase capacity in the plants that you already built. A celebrity endorsing your product offers a big boost to product awareness, helps a brand penetrate new regions thus acquiring new market shares, and can drive up sales. 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. This means, without increasing your superior material or enhanced styling / features, you gain 1 star. You might think that using green footwear materials or using recycled boxing / packaging is a good decision, especially with the currently ongoing environmental debates. Regardless of your scenario,having BSG Tips in your corner is like having an 800 lb. Strategy and Execution is your shield and sword for Conquering the Industry. Concerning changing others values, I recommend reading my initial post where I have explained everything in detail. The importance of buying back stock early and how buying back stock gives you an edge in the game. Im playing the new version of the game, and your guide has worked perfectly for the first two years! Dont be fooled by Cheap imitation Business Strategy Game guides you might see online. You need to get confidential,accurate,comprehensive, andreliablyup to dateinformation from a trusted andPROVENBusiness Strategy Game source. 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. You will also receive a copy of Currency Made Simple. Business simulation games allow you to experience certain aspects of running a business in a completely virtual, consequence-free environment. Its not too bad, no worries. Increase models? Do not sit on it. And he also purchase 4000 capacity in the first year but no advertising expenses. Also, I suggest not decreasing your dividends. 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. I include tons of free information to give you a leg up on your classmates on my blogroll. In this multiplayer business simulation game, Virtonomics players must strategically build their virtual companies to become successful Virtonomics entrepreneurs. 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. Again, trying out different combinations and optimizing net profits is key for these values. This enhances the marketing efforts for the brand. If not, see what positive percentage yields the highest profit for you. Thank you very much for your kind words! A quick e-mail to your inbox. After you have done this, you might notice that your Your Estimate of the Ind. I suggest you upgrade your browser. Try out each and every value and note down the highest net profit values. You will need those numbers later on. What is this Currency Made Easy! Hi. These are the tools you need to win BSG. It didnt matter how competitive they were, how motivated they were, or whether they were Industry Champions. You can only do one upgrade at a time in each region and a total of two updates per region. With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. You are playing the BSG but do not want to read the 35-page Players Manual? 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. 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! However, with a reasonable price. These games often involve managing resources, making . I know every strategy, secret, and tip you can possibly imagine about the Business Strategy Game, and Im willing to share them with you. thank you for your help. Okay! Here are some of the best tips for accelerating your business. Deciding whether to buy an already functioning plant or build one from the ground up will depend on; whether the geographical region you want to set up has a plant you can buy as well as the time that is available for you to set up a new plant. 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. 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. There is a huge difference of learningHow To Winand learning the basics of the game. Your Delivery Time should be set to 3 weeks. And profit is what the game is all about. After watching this comprehensive 75 minute video I haverecentlyfilmed, you will know exactly what you need to do to be successful. So, multiply your sales volume for the wholesale segment for each region by 1.2. Hence, you will only focus on the two following decisions that are worth their money as they increase your image rating the most. Automated page speed optimizations for fast site performance, Capsim Winning Strategies and Simulation Tips, Leadership and Management Assignment Help. 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! Do this for all four regions. The BSG Game went through a major revision in the beginning of 2019. You then want to select 0% as the Portion of the $XX mil. The guide also features step by step instructions in how to manage decision screens in making the best decision. 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. So regardless of what decision year youre in, how bankrupt you are, or if your company is dead last right now you can SUCCEED in the Business Strategy Game by following my SIMPLE tips, advice, and strategies. You can still ship pairs from LA to somewhere else if needed. You can do this by paying off your loans at the earliest possible time. If this scares you, it should. I am having trouble getting my company back into the positive ending cash after taking out a loan. 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. So when following the steps described above, you will have positive ending cash really soon again. 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. unfortunately I have no experience with adjusting to my strategy in the late-game. 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. However, my net profit is still negative even after i have adjusted the private-label. 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. Let me ask you this. 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. If Im wrong, Ill post another comment. Play with your numbers around and tweak them to generate maximum net profit. Do the same for your E-A and A-P volumes and plug them into the A-P manufacturing slot. After you have found the right price, click the Save Decisions button. . Increase S/Q ratings? is it because I need to add capacity? Wow, you are done! You basically determine and run the market. How Much Capacity Should My Company Have? 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 . Unused capacity kills your numbers and profits! So, play around and find the best combination for your given S/Q rating that yields the highest net profit. 2. For further explanation, please read my blog post. 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. My direct competitor is now selling 8 stars with more than 400 models in wholesale so I think i will be at a even better position selling 50 models. Market share is not crucial for your success in the BSG, but profit is. I would always encourage you to bid on available celebrities. 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. and why do I want it? My question is what if I decreased the pay dividends to $0.15 from $1.00? First, set your Number of Models to 50, as determined earlier at the Sales Forecast page. construction cost to be financed with debt. I did not forget it, but we will take a look at it later. Could you win the Business Strategy Game against a bunch of 5th graders? If for whatever reason you arent satisfied with the guide, return it anytime for a full refund. 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. The decision is due tonight I am so nervous but the performance score so far looks good. You now have an estimate of how many shoes you are going to sell in each region. Then, after a lot thought on the matter, I devised an easy method for taking full advantage of currency fluctuations. You want to setEthics Training / Enforcement to All Employees and Workforce Diversity Program to Yes. Its not too late to do that yet. How and when to buy celebrity endorsements at the BSG-Online. 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. Learn a little more about the theoretical concepts behind the game in our Free MBA course. The Models Offered estimate seems pretty fair and you do not have to worry about it. This can be a very tricky decision and you need to analyze your competitors prices. After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. My undergraduate business strategy teacher made us play the BSG-Online simulation for 40% of our grade. that helped me become Business Strategy Game Grand Champion. The fact that you are looking for help mean. Any questions you have or any problems you encounter,you can get my expert advice asa BSG Grand Champion. That combined will give you a good boost for the last year. Choosing the correct financial approach, among other things, made a huge difference. You basically do the same thing over and over again, for every decision round. Sorry for the late reply.. Been starting my new job and working a lot lately. This will lead to greater visibility for your company and thus a boost in the image rating. On this decision page, you can bid on celebrities. Strategies, decision screens, reports and tests. Sounds good, congrats! Thank you so much! So, should I decrease pay dividends here to $0.15? Is it too late to reduce that to 50 as you suggested in your recommendation? I followed your recommendations, and I have a good rank. You can either take out a 1-year, 5-year, or 10-year bank loan. If you have any questions, comments, concerns, or feedback, click on my name below and Ill respond to you as quickly as I can. In the upper left box, you have available sources of additional cash. I only ever paid attention to my profits and I never ever sold capacity. In addition, you have the option to repurchase your stock. The information is these guides is laid out, and displayed, in such a way that crucial decisions should be a breeze. (0 for both stock issues and stock repurchase). When you are deciding whether to upgrade your plant capacity, time is an essential factor. Furthermore, I spent all my cash on hand for dividends and stock repurchase to increase my ROE and EPS as much as possible. But strategy wise I always sticked to my maximum net profit strategy which you can do no matter your competitors strategy. It sometimes works. My group and I are also playing the new version of the game and were little bit lost. Turn delivery time to four weeks because it has no noticeable effect on sales but significantly affects EPS and Net Profit. I shut them down fast and knocked them out of the running. Yeah I will hold on to that for now. Hence, make sure to plug in every possible value to reach the highest net profit possible. if you have left over inventory, you should either work on your numbers as I described in my post or put the left-over shoes into private-label. Five years ago, I was sitting in a similar situation as you. But again, thanks! Theres everything explained in detail. Apply the following tips to reduce some of the costs. Do I need to change another setting on another page for this to remain positive? Same with all the other values, like I described in my blog post And then use all your remaining shoes for the private label market. With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. This is extremely easy and if thats all you want, then grab The Ultimate BSG Solution right now and guarantee your success. 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%. Set your price to whatever maximizes your profits. With my help, tips, techniques, and strategies, your competition doesnt stand a chance! The Business Strategy Game or BSG is a simulation game used by, different colleges for their Business capstone. The second part is the free site resources. I'm back with this updated video full of helpful tips so you can tackle the. 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. Here, you are treated like a star. Buy Now with PayPal. Currently, were selling 150 models. 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. I dont know why the game suddenly changed your numbers but I recommend using every last bit of your capacity.