If you see little action on the celebrity market, go ahead and get your celebrities for the lowest price possible ($500). 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. You can get BSG Game Help from experts who will guide you on how to win or top you game with the best Strategies.Visit BSG Game Help today and get professional guidance from BSG Experts. And it is pretty difficult for other teams to see what you are doing to them before it is too late. After you have done this, you might notice that your Your Estimate of the Ind. The worst thing that could happenis you follow one of these guides to save a few bucks, to implement the strategiesThe Whole World Seesand end up LOSING the Business Strategy Game which may result in a low grade and possibly re-taking the class! You are playing the BSG but do not want to read the 35-page Players Manual? Hi, thanks for the great strategy! ? We have good market share in NA and, last year, we needed to ship the rest of the shoes from AP (incurring in shipping and tariffs costs, hence, the thought of adding capacity in LA). Do I need to change another setting on another page for this to remain positive? Strategies, decision screens, reports and tests. I have placed this manual and an easy-to-use currency spreadsheet on this site for you. Pay loans faster. Complement each other. I am in Y12, and I am adjusting for Y13. You might agree to disagree in the process but each member should always be given a clear avenue to express their thoughts that are based on their research. I am on my second year and I have negative income right now, any tips on how to get in the positive? Play the game multiple times and try to refine your strategies and entrepreneurial skills with each attempt. You cannot afford to followsimple techniques and fail! Both The Ultimate BSG Solution Guide as well asThe BSG video guide were created by a BSG Grand Champion.Together, you will have all the information you need to not just win the BSG, but to DOMINATE.You get Exclusive VIP access to our secret forum area. If you have your AP price set to e.g. It only takes 10-15 minutes to put the numbers in the right spotsto make yourself an Industry leader. Selecting the members that will form your team is very crucial as you will be working together to ensure the success of your company. Yeah I will hold on to that for now. Theres not right amount of capacity you should purchase. Looking at the North America column, you now have to plug in your values for Wholesale Price, S/Q Rating, Models Available, etc. 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. Go ahead and try out which combination yields the highest profits. Does it affect any other factors? Do you know why is that? Two decision rounds later, I was ranking 3rd in the world. While +2% might now always be spot on, I have made the best experience with it so far. PS: I left a comment, but I did not see it and thus retyped. 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. AcquireThe Edgethat separates aGrand Championfrom an Industry Champion. Currently, were selling 150 models. That being said, when you go with the strategy explained in my post, you will have maximized profits. Again, try out each percentage for each region and set it to the percentage that yields the highest profits. I highly recommend starting below with my free tips guide. What should I do for year 12 and 13? Some business simulation games actually put you in the position of a business owner, but others have varying storylines or themes that let players hone these skills in . To be a Business Strategy Game Grand Champion, you have to firmly understand every nitty-gritty little detail within the Business Strategy Game Manual. With our strategy, you might want to think about getting Option A as well. The styling/quality (S/Q) ratio of the business venture in the different geographic locations they operate in. Yes, I would only add capacity onto existing plants and not build new plants. I promise you my techniques and tips are fully replicable and have kept me theundefeatedall theseYears! I feel you. However, my net profit is still negative even after i have adjusted the private-label. honestly i started with 150 models at 6 stars and went to 200 and 7 stars, 8 in private label. 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. You do not want that to happen, especially because your internet sales only account for a small percentage of your entire sales. One week they might increase, the other they might increase by just a little or even decrease. 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. Thats a game changer!! 1. Take advantage of my highly-guarded distribution decision strategy that Ive used to reap the benefits of the complex tariff rules and exchange rates. I recommend building additional 1,000 capacity for the North American plant in the first year, if your cash balance allows it. There are tons of possibilities in the Business Strategy Game, and the wrong strategy in the wrong circumstance willCOST you the game. Let us take a look at the Plant Capacity / Upgrades page first. In this multiplayer business simulation game, Virtonomics players must strategically build their virtual companies to become successful Virtonomics entrepreneurs. The information is these guides is laid out, and displayed, in such a way that crucial decisions should be a breeze. Year 11 might be over for you. I am currently dominating my industry, and closing in on the top 100 list! Also do you know the cost of building additional capacity. In the case where other competitors are employing this strategy; strive to be the first team to get the most points. Write down each regions reject rates and add them up to the regions estimates sales volume. 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. For your company to be on the right track the R.O.E should be at least 15% annually. So, play around and find the best combination for your given S/Q rating that yields the highest net profit. A McGraw-Hill Business Strategy Game Online Expert, Copyright 2023 Win The Business Strategy Game Online Powered by Wordpress, W3 Total Cache & Cloudflare, Business Strategy Game Quiz 1 Study Guide, Business Strategy Game Quiz 2 Equation Cheats, New Glo-Bus Simulation Game Quiz 1 Answers, New Glo-Bus Simulation Game Quiz 2 Answers, Buy The Business Strategy Game Guide for $29.99, Tips and equations to make the quizzes easier, An easy to understand tutorial on exchange rates, tariffs, interest rates, and how to utilize them to your advantage, YouTube Videos on how to play the game and learn the software as quickly as possible, An distilled version of the players guide to save you a lot of time. and L.A. volumes and finally plug them into the NA manufacturing slot. We got our act together and began to study the game. I followed your recommendations, and I have a good rank. I want to thank you for visiting my Business Strategy Game (BSG Online) website. 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! Weve solved EVERYTHING for you. I prioritize building additional capacity and purchasing plant upgrades. MyNewVideo Guide leaves nothing to the imagination. During the entire simulation process, it is important to keep tabs on the company intelligence reports (C.I.R) and the company operating report (C.O.R) The C.O.R will give you insights into plant investments, labour statistics as well as data on plant capacity. Fin. Is your strategy also works for my situation? 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. You might have the highest profits with 0 advertising budget. Having an increased S/Q rating and lower prices boosts the image of the company positively. You will have secret access to private areas of the site and get to ask questions with my personal expert replies. Use of my strategy creates a landslide effect that, as you can see, is very devastating to all opponents. Learn a little more about the theoretical concepts behind the game in our Free MBA course. update them with tips and food for thought from the paid guide. 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. Can you tell us more about the strategy you had ? After watching this comprehensive 75 minute video I haverecentlyfilmed, you will know exactly what you need to do to be successful. Regardless of your scenario,having BSG Tips in your corner is like having an 800 lb. Do not worry about me skipping the Internet Marketing, Wholesale Marketing, and Celebrity Endorsements pages. With our strategy in mind, I would recommend addition capacity to already existing plants rather than constructing a plant in a new region. The most important advice in advance: it is all about PROFIT. Over the course of many years, I have seen a plethora of situations, companies with a BILLION dollars in debt, people making strategic mistakes that willruinthem in the LATE GAME. You need this capacity for the private-label market. This is actually typical of almost every single Business Strategy Game Industry, as it takes only 1 greedy person to get the ball rolling. This can be a very tricky decision and you need to analyze your competitors prices. Yes, despite your competitors building capacity as well, I recommend increasing capacity in a reasonable amount. and why do I want it? This is probably the most important decision entry page in the game and you will be spending most of your time here. Sometimes, clearing your beginning inventory at a discount will boost your profits. Is there a strategy that will always win? Here, you will plug in your previously calculated regional total sales volume for each region. In the upper left box, you have available sources of additional cash. If you have any questions, comments, concerns, or feedback, click on my name below and Ill respond to you as quickly as I can. They have all changed by +2%, just as you plugged it in. However, it will also decrease your ending cash. I usually go ahead and plug in whole dollar amounts for the wholesale price and see how net profit changes. So I doubt on his strategy. I cannot make any money there. Contact the Grand Championand Learn more about the BSG. Similar to the branded production, try out the different values to see which combination will give you the lowest Average Production Cost value for your plant and hence, the highest profits. Let me walk you through the various decision pages and explain you how to optimize each entry. For all following decision rounds, you do not have to return to this page, as I advise you to always keep those two options and not change anything else on this page. Thank you very much for your kind words! However, keep in mind that your regional endorsement value should not be higher than 400 in any region. Using a game strategy to push a business forward is a different approach, but it has been proven successful for many. However, there are still some other voluntary decision that will prepare you for future decisions. Theguide will show you how to make your company lean and agile to cope with the industrys marketplace. 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. 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. I cant seem to find it. Here are some of the best tips for accelerating your business. However, you should keep on thing in mind: Your internet price should ideally be 40% higher than your wholesale price. In this package you get TheUltimate BSG Solution Guidealong with theIndustry Champion video. If you happen to end up with a large surplus of shoes the next year, lower your 1.2 multiplier a little bit to 1.18. You then want to select 0% as the Portion of the $XX mil. Skip the fancy words so many other guides drone on about BSG, andget down to real execution of business strategy. The two most important values you want to have as precisely estimated as possible are the industrys average wholesale price and S/Q rating. Sure, you can ask anytime Sorry for the late reply.. Been starting my new job and working a lot lately. So where to look at this thing, as soon as you start the BSG Online Game. You can also pay dividends to your shareholders. Play with your numbers around and tweak them to generate maximum net profit. What I like about my strategy is that you do not necessarily have to keep an eye on your competitors. With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. So having understood what the image rating of a company is based upon, how can you improve it? For your company to stand out, it should ideally have an image rating of 70 and above. However, do not price your shoes too high, so that your competitors have a lower price than you and will sell their shoes first. Its not too late to do that yet. thank you:). Like I already said in my previous post, the most important thing is to toggle each and every value and pay close attention to your net profits. 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. If you have beginning inventory from last year (you did not sell all your shoes), try and use the Inventory Clearance option in the lower half of the page. Every single member should be given the venue to express their thoughts clearly. Thank you in advance! 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. You are now all set to dominate your industry and win the BSG! Learn how your comment data is processed. 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. Otherwise you will not sell any shoe either. However, if you happen to use overtime at either of the two plants, plan on increasing the plants capacity in this decision round. No worries, it will be easier after the first few years. 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. If this scares you, it should. Or you have read it but still do not know what strategy to pursue or what is going on? At the same time, youll generate significant amounts of income from the hardest market to extract revenues from. Company operations are patterned after The knowledge to exasperate competitor weaknesses and curb competitor strengths lies in the strategic knowledge in the model. "In terms of scope and comprehensiveness, it has no equal in the world of business . Like should I add up all my wholesale prices from the 4 regions and then divide by 4 to get an average wholesale price and multiply by 1.40 to get the internet price or should I base it off the lowest wholesale and then multiply by 1.40 to get the internet price? The Business Strategy Game or BSG is a simulation game used by, different colleges for their Business capstone. Strategy and Execution is your shield and sword for Conquering the Industry. Promise I wont have tons of question haha. It didnt matter how competitive they were, how motivated they were, or whether they were Industry Champions. The BSG tends to underestimate those values by about 20% and hence, you need to correct them for a more precise estimate. 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. 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.