We also thank the Professor and creators of BSG Online to give us a good environment to learn, to practice with full of knowledge, competitions and emotion close to business life. We need to adjust the number of productions to optimal these decisions. The positive impact that such a strategy has on the company's image rating, provided the company spends a meaningful amount on socially responsible activities and such spending is sustained over a multi-year period The demand depends on your retails, price and quality. Yeah I had that in the first weeks as well. So I run into problem again! Total Wholesale Marketing is 12.92 is good now, we will keep maintaining strong marketing to get higher sales volume. To win BSG game simulation, you need to follow some ingenious tips that are essential business strategy game tips that your team should focus on: Business Strategy Game simulation isnt easy to win, but if you work with these ingenious tips, you can make profits and win your BSG game without a hassle. However, it will also decrease your ending cash. Tips: We ship from NA to LA because no import tax or tariffs due to NAFTA (North American Free Trade Agreements) - The North American Free Trade Agreement, or NAFTA, is a three-country accord negotiated by the governments of Canada, Mexico, and the United States that entered into force in January 1994. Hi, Im glad to hear that it helped! The Strategy Business Game learned all aspects such as production, distribution, sales forecasting, finance, marketing, celebrity endorsements, private label operations, corporate . I put $1.00 pay dividends, which turned out 20,000k in total. Strategies, decision screens, reports and tests. Therefore, the first set of decisions your team of managers makes is for year 11. For instance, you can change the Industry Average to +2% or +4% to attain the optimal. Most days, you will spend your day walking, running errands for your business, and performing a multitude of tasks. Im glad I was able to help and good luck to you! Thanks! But strategy wise I always sticked to my maximum net profit strategy which you can do no matter your competitors strategy. Best-Strategy Invitational High-performing companies worldwide face off in a 2-week competition hosted 3 times a year by the BSG author team. However, when pricing your shoes, keep in mind to set the price at least $5 below the wholesale price average. No worries, it will be easier after the first few years. We have never looked in very details of business management like sales margins or even a few percent of market shares. 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. Each decision period in the BSG represents a year, and the company you will run began its operations 10 years ago. We will keep going with this rate in next five years with expansion strategy, based on large volume, higher S/Q and reasonable Prices. For this blog post, I will concentrate on the high-quality + low model strategy. With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. From this highest whole dollar amount, I plug in every possible value around it and find the price that yields the highest net profit. Helped me get to the second place! This is probably the most important decision entry page in the game and you will be spending most of your time here. We will now look at all the decisions you have to make to actually play the game and be successful with your strategy. Looking at Company Operating Report, Distribution and Warehouse Reports, we see Cost of Branded Pairs Sold in Year 18 is $25 and Warehouse Operating Expenses is 3.71. Try out different combinations that keep you at 8* and the highest possible net profit. Hi, youre welcome. Net Profit must over 110 million every year to keep ROE higher than 25% or more. Regardless of what the other competitors do in Year 11, your focus should be winning. If you set your price lower, you will sell more but lose due to low profits. Yes, I would definitely do plant upgrade option C! You will get the hang of it after the first few decision rounds as it is always the same procedure. Download the iOS How can you apply the ancient wise in the Arts of War of Sun Tzu? Market share is not crucial for your success in the BSG, but profit is. My friend and I walk through the simulation on how it works. It will be very helpful for us and will be very grateful Do you still have your upload reports of all your years ? Its not too late to do that yet. Do this for all the four regions. Hello, thanks for the great strategy, it is working (1st place) ! You will need those numbers later on. 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. And you said I should only add capacity onto existing ones instead of building a new one in LA right? It is important to toggle your values and find the best combination to maximize your net profit. I personally would not bid higher than $5,000 $6,000. You will also receive a copy of Currency Made Simple. Sounds good, congrats! (Darius White) The business strategy was a very practical and real-world experience of what it is like to run a major corporation and the rigor it takes to increase earnings per share, return on equity, credit and image rating. I was wondering how much more additional capacity that I should purchase after Ive bought the first 1000 for NA. 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. Total Admin Expenses is very low, just 1.49 per pair of shoes. Study on the go. 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%. Again, this can be trial and error for a couple of decisions but you should get a feeling for what multiplier is best for your company. What is the companys differentiation strategy? In todays education system, developing students with a high level of competencies and capabilities is a challenging task for every instructor. (0 for both stock issues and stock repurchase). Go ahead and try out which combination yields the highest profits. BSG Guide - How to Win the Business Strategy Game.pdf. I am on my second year and I have negative income right now, any tips on how to get in the positive? An ingenious business strategy for your team will help your team members to appreciate the significance of the strategy, identify the kinds of trade-offs needed, and demonstrating that with limited resources, not every project can be pursued. Should I continue expanding NA or AP and by how much? This is because your competitors are adjusting and trying to find their strategy. Like I said before, you should be building capacity, yes. We will upgrade AP in C and one other option. . However, try your best. 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. Moreover, consider the best margin for this market and ensure you can have the contract. 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. Should I decrease the pay dividends and do stock repurchase in Y13? A window should pop up where you can select each of the four regions and change the industry average S/Q rating and competitive impact. When contracting a celebrity, your advertising efforts in the Sales Forecast section should not be low. Now we learn from the game and be more knowledgeable in making business decision. In Y12, I paid early payment 12,000k at 8.5% and continued borrowing 70,000k at 4.5% for 5-year). Furthermore, G-Brand will continue focus on what we are top leading like S/Q, models, strong advertising, retailer support, celebrities. However, keep in mind that your regional endorsement value should not be higher than 400 in any region. You might think that using green footwear materials or using recycled boxing / packaging is a good decision, especially with the currently ongoing environmental debates. Strategic warehousing impacts all warehouse operations, from inventory management to order fulfillment. Is your strategy also works for my situation? After you have done this, play around with the values for Wholesale Price, Advertising Budget, Rebate Offer, and Retailer Support (increase/decrease by 100s only, as everything else makes no sense). Now you begin to understand why I earlier said, that if you use overtime for branded production, you should expand your plant capacity for the next year. Should you win, it would mean your tips are more favorable, and your competitors may learn from you. The company operations run parallel to those of actual athletic footwear companies. I did not stock issues or issue purchase in the those years. Plant Capacity / Upgrades. Learn how your comment data is processed. This like a trial and error process and does not necessarily have to make sense. Hi, You now have an estimate of how many shoes you are going to sell in each region. With our strategy, you might want to think about getting Option A as well. Dont forget to upgrade your plants as a strategy. Does it hurt any other factors? The world's most streamed artist Bad Bunny, a Puerto Rican rapper, alone claims 8.3 billion streams. However, with a reasonable price. You might have the highest profits with 0 advertising budget. The cost of the game varies depending on the version and the number of players, but typically ranges from $50 to $100. The higher your celebrity endorsement value for a specific region, the more your advantage in attracting buyers to purchase your branded footwear. Concerning changing others values, I recommend reading my initial post where I have explained everything in detail. As such, you can play the game frequently, any time you get it interesting. The following tips can help you get around the BSG and possibly be the winner. You are playing the BSG but do not want to read the 35-page Players Manual? The most crucial thing is the find out what prices your competitors have. I guess because i grew too fast last week, this weeks net profit is negative (I didnt make any adjustment yet). Should you consider selling a factory, dont upgrade it because you will lose that investment. One option that you definitely want to purchase is Option C. Option C increases your S/Q rating by 1 star. I started with paying $0.05 dividends and increased it by $0.05 every year. Unlock this data. We need to look at bottom line to see Cost of Pairs available for Sales. Keep track of close competitors, H and others. 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. 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.
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