business strategy game tips

However, my net profit is still negative even after i have adjusted the private-label. But if i decrease my model, I dont think I will be competitive enough to compete with him if he stays with his strategy, what do you think? Dave Mar I will just adjust it first and see what happens, thanks a lot:). 1. Ship all the other shoes for the Europe-African warehouses and the Asia-Pacific warehouses from the Asian-Pacific plant. Oh, how I wish I had known all this before I began playing. Other teams in your industry wont stand a chance when you unleash the tactics we teach. Market share is not crucial for your success in the BSG, but profit is. Here, you have the opportunity to sell your existing capacity. Year 11 might be over for you. While being in every market is a goal of a successful multinational company. Grow the stock price of your company's shares by at least 5% between the years 10 and 15. The guide also features step by step instructions in how to manage decision screens in making the best decision. My group and I are also playing the new version of the game and were little bit lost. This is because your competitors are adjusting and trying to find their strategy. The most important advice in advance: it is all about PROFIT. I am in Y12, and I am adjusting for Y13. 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 Lee, So I would recommend you to decrease your models to 50 and remain at 8* for most of the time, if not even for all the remaining game. You cannot afford to followsimple techniques and fail! However, if you happen to use overtime at either of the two plants, plan on increasing the plants capacity in this decision round. Hello. You are now all set to dominate your industry and win the BSG! 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. Worst case, all the demand is already satisfied in your region before your shoes at a certain price is being considered. Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. Please delete one if there is an extra comment. I did not stock issues or issue purchase in the those years. Sometimes thats cutting expenses, sometimes thats increasing expenses (even though it might not make sense at first). Aim to dominate at least a quarter of the market share in every geographical area of your companys operations. It might be tedious work and consumes a lot of time, but it will definitely worth it and will let you win the BSG. You are playing the BSG but do not want to read the 35-page Players Manual? So, why not win the Business Strategy Game and stop your worrying. 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. 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. I just have a quick question. Do not sit on it. Selecting the members that will form your team is very crucial as you will be working together to ensure the success of your company. Im playing the new version of the game, and your guide has worked perfectly for the first two years! While your regional sales volume for the internet segment is a good estimate, the estimates for the wholesale segments are not. Economic Impact of Hurricane Harvey and Hurricane Irma, Temporary Oil Price Changes Hold Back Consumer Spending. So the question is: would you recommend for my team to still increase capacity despite this fact? and why do I want it? Hello, 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. Im not talking about theory and how to play; Im talking about a proven system that helped me become Business Strategy Game Grand Champion. With increased competition, prices tend to decrease. If this is still not enough, add the missing shoes to the other plants Branded Pairs to be Manufactured in Year XX number. 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. While those two values do not change your S/Q rating, they will change your net profits. Concerning changing others values, I recommend reading my initial post where I have explained everything in detail. Is your strategy also works for my situation? You need to get confidential,accurate,comprehensive, andreliablyup to dateinformation from a trusted andPROVENBusiness Strategy Game source. I will talk about the Celebrity Endorsements page later. Buy I have quite a lot ending cash. we are having a horrible time of having left over inventory .. we are in year 13 and our numbers are ok we were 1st place last on year 11 and second place on year 12 but i having a feeling we have been focusing so much on our current numbers we arent going to end well any advise on what we should do on inventory and other sections of the game. Copyright 2018 BGSTips.com | All rights reserved. We offer free, unlimited fast support to answer any questions. So, should I decrease pay dividends here to $0.15? I guess because i grew too fast last week, this weeks net profit is negative (I didnt make any adjustment yet). I like to have around $8-10 million ending cash available after all my decisions are made. Your numbers might be a little bit off due to the reject rates. It is all about trying out all possible combinations. Theguide will show you how to make your company lean and agile to cope with the industrys marketplace. 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. And you said I should only add capacity onto existing ones instead of building a new one in LA right? Your Delivery Time should be set to 3 weeks. 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. 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. How would you like to acquire every secret I have about the Business Strategy Game? But do whatever is necessary to maximize your profits. 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. This is where consumers get the best quality of footwear at the lowest possible price, therefore ensuring value for their money. Company operations are patterned after I feel you. Profit is the key to success in this game! Yes, its not too late yet to follow through with my tips. (In Y11, I did the 5-year loan with 12,000k (7% interest). Instantly Jump Your Business Strategy Game Score 10 Points for FREE! The private-label market is a very nice opportunity to gain an advantage off your competitors and take their market share. The higher your celebrity endorsement value for a specific region, the more your advantage in attracting buyers to purchase your branded footwear. It makes sense; the more ads you run, the more your celebrity endorsement will be seen and the more effective it is. Im play a new version of BSG ,we have already completed year 17 and now our team have a problem with struck in the middle stage that cost cant decrease more and this year other company in the industry have a high SQ star and low cost (price war) that we cant fight them because our cost is too high. . Order today and you will beprivyto every secret, technique, tip, support, and help I can provide you with thatwill surely secure your SUCCESS and VICTORYas a Business Strategy Game Player. 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. Hi, Let me ask you this. However, if done right, it is worth the time as it will yield the maximum profit possible and success in your industry. If you find capacity available for purchase, I would always directly purchase it. If you see little action on the celebrity market, go ahead and get your celebrities for the lowest price possible ($500). 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. Some students even let it ride without making ANY decisions for years! 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. Any advice? Turn delivery time to four weeks because it has no noticeable effect on sales but significantly affects EPS and Net Profit. Good communication skills. I adjusted a little bit and the forecast is now close to previous years. When starting the BSG, you have two long-term loans; one for 5 years, the other one for 10 years. Write down each regions reject rates and add them up to the regions estimates sales volume. I believe it varies based on your games situation. Do not focus too much on Ending Cash, but keep focusing on Net Profit, try to increase that over each years. Based on the kind of approach you will use, you might find it useful to keep some of the costs low. So where to look at this thing, as soon as you start the BSG Online Game. 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. I would like to ask you about the Dividends. Embedded in the magic numbers is a reinforced long-term money-saving strategy that will save you money every year forever! The best business tip I have received so far is to have a backup plan for all your moves. This Reddit is dedicated to help undergraduate and graduate students excel at the McGraw-Hill Business Strategy Game or BSG-Online. You said that the internet price should be 40% above wholesale. 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. update them with tips and food for thought from the paid guide. Hi, Here, you will decide for how much your shoe is going to sell. On this decision page, you can bid on celebrities. Every game in the Business Strategy Game starts out the same. . 2. Five years ago, I was sitting in a similar situation as you. I dont understand why it did this as this capacity was unused and there was upside to having it as my production was max out for the demand. Taking up stock offering is a cheaper alternative to loans in case of an expansion, but caution should be practised as this move might lead to a drop in the cost of the EPS. You possible might decrease your net profits with this, but it is definitely worth it and will pay off in the long-run. It is definitely around 1.2 though and I recommend starting off with this value. If after putting the above measures in place and your image rating lowers, consider increasing the S/Q of the shoes and indulging more in corporate citizenship behaviour. Do not worry about those numbers, they will just show you whether your investment is profitable or not. More than often they drone on and on about BSG, to the point, its barely relevant toimpress you with abunch of words.

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