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. 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. For long term celebrity contracts and endorsement, bid for them in the early stages of the simulation. Make all the decisions tactfully and base them all on research and not emotion. And you can basically never have enough capacity for private label. While being in every market is a goal of a successful multinational company. Your Delivery Time should be set to 3 weeks. In the first years, the estimate of the industry average might be a little off the +2%. Thanks for your strategy! Regardless of your scenario,having BSG Tips in your corner is like having an 800 lb. Make sure the celebrity is suitable in the geographical region you want them to endorse your shoes. Who Else Wants to Win Business Strategy Game? | BSGTips 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. I have placed this manual and an easy-to-use currency spreadsheet on this site for you. I will walk you through each page chronologically. Im glad I was able to help and good luck to you! Its not too late to do that yet. No spam ever. Aim to dominate at least a quarter of the market share in every geographical area of your companys operations. However, it is not necessary and Option C is definitely more effective. To do so, first plug in your N.A. Even more important is, to stick to it! You should pay attention that your S/Q Rating of Branded Pairs Produced matches your value on the Sales Forecast page. I will explain soon, how to increase plant capacity and why we need the capacity for private label. Try out different combinations that keep you at 8* and the highest possible net profit. Best strategy guides for bsg online how to win bsg (business strategy game) have spent years of ten dedicated men practicing the bsg online games with over DismissTry Ask an Expert Ask an Expert Sign inRegister Sign inRegister Home Ask an ExpertNew My Library Discovery Institutions University of Law University of Greenwich University College London Im an excel and math geek and started to break the game down and understand it on a deep level. Im not talking about theory and how to play; Im talking about a proven system that helped me become Business Strategy Game Grand Champion. If you have your AP price set to e.g. Ive created this website as a final project for an online marketing class (and to help me pick up an extra bar tab a month.) You will get the hang of it after the first few decision rounds as it is always the same procedure. The Business Strategy Game or BSG is a simulation game used by, different colleges for their Business capstone. Is this guide guaranteed to make me win? 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. It has not only won recognition and awards from top gaming media such as IGN and PC Gamer, but also from world-leading media including CNN and Discovery Channel. My team and I started the game with minimal knowledge and flailed for the first three decision rounds. So, should I decrease pay dividends here to $0.15? I daily (thank you, Hootsuite, for making it so easy!) 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. I worried that another team would have stumbled onto your blog, but few people Google tips it seems! Hello. When I played the game, I barely looked at what my competitors were doing. When doing so, you have to plug in numbers for the assumptions section in the new window. After you are done, move on the left side and do the same for your internet sales. Play with your numbers around and tweak them to generate maximum net profit. Just plug in numbers and note down your net profit values. It almost worked TOO WELL. The closer your actual numbers are to your estimates, the more likely it will be that you earn bonus points from the Bulls Eye Award (be within a 5% range of the estimates). I never really watched my EPS or credit rating (ofc credit rating should be a B at least). How would you like to acquire every secret I have about the Business Strategy Game? But I found ZERO helpful information online. Sorry for the late reply.. Been starting my new job and working a lot lately. 16 Business Simulation Games for Entrepreneurs And then I would just follow my tips and adjust all other values to maximize profits. This game can be overwhelming, so anything to help other players! This can get confusing at the beginning so here is a table to show you the process. Is there anyway to increase the demand for my shoes in the internet/wholesale markets? Sounds good, congrats! 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. Period. Since youre only in the second year, I would honestly decrease your models to 50. Advantage of this is, that you dont have to pay too much attention to your competitors. as I described in my post, Id go with the low models, maximum profit strategy as it is easy to follow and you determine the market. thank you:). The BSG tends to underestimate those values by about 20% and hence, you need to correct them for a more precise estimate. I have experienced different behavior with bidding on celebrities. Business Strategy Game Tips - . 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. I am so thankful for your post!!!!!!!!!!!! So I doubt on his strategy. If I have further questions do you mind I ask you for help? You cannot afford to followsimple techniques and fail! Do not worry about me skipping the Internet Marketing, Wholesale Marketing, and Celebrity Endorsements pages. 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. Try and set it to Yes. or A-P plant. 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. This like a trial and error process and does not necessarily have to make sense. However, you can successfully apply most of the following tips to either strategy. However, my net profit is still negative even after i have adjusted the private-label. After you have done this, you repeat the same procedure for Europe-Africa and Asia-Pacific with the A-P plant because it is cheapest to ship shoes from A-P to E-A. One week they might increase, the other they might increase by just a little or even decrease. This decision page is mainly a waste of money and we will not spend a lot of time with this page. (In Y11, I did the 5-year loan with 12,000k (7% interest). What I like about my strategy is that you do not necessarily have to keep an eye on your competitors. In Y12, I paid early payment 12,000k at 8.5% and continued borrowing 70,000k at 4.5% for 5-year). 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. How did your 2nd decision go? If you add capacity it will show you the price. So for our strategy, it should be 7 stars at the beginning. But it is definitely worth it. These are the tools you need to win BSG. The Models Offered estimate seems pretty fair and you do not have to worry about it. After you have done this, you might notice that your Your Estimate of the Ind. Complement each other. This can be a very tricky decision and you need to analyze your competitors prices. 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. If you have more cash available, go ahead and spend it for either one of the other options. The information is these guides is laid out, and displayed, in such a way . Do I need to change another setting on another page for this to remain positive? As already mentioned earlier, not every decision has to make sense. However, do not price your shoes too high, so that your competitors have a lower price than you and will sell their shoes first. Which is better, cost leadership, integration, or differentiation? How important is image? So, multiply your sales volume for the wholesale segment for each region by 1.2. Now, decide to which region you want to ship your private-label shoes. The company that offers the lowest price will sell all its supply first, followed by the company with the second lowest price offered, and so on. Yes, despite your competitors building capacity as well, I recommend increasing capacity in a reasonable amount. First, set your Number of Models to 50, as determined earlier at the Sales Forecast page. After you have found the right price, click the Save Decisions button. Select +2% for the Percent Change in Competitive Impact of All Other Factors from Previous Year. Select from a pool of diverse individuals who will bring in different opinions and perspectives to the team. I dont know why the game suddenly changed your numbers but I recommend using every last bit of your capacity. I daily (thank you, Hootsuite, for making it so easy!) Repurchasing stock will boost both your EPS and ROE. So your costs will be relatively low as well and the private label will be a very important factor of yours. Be in it for the long haul There is a huge difference of learningHow To Winand learning the basics of the game. Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. And should I do stock repurchase this year? Furthermore, I spent all my cash on hand for dividends and stock repurchase to increase my ROE and EPS as much as possible. I recommend having a pen and piece of paper next to you so you can write down your net profit and compare when plugging in different values. 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. Using this as a base strategy has yielded good results in my experiences. 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. Let us move on to the tricky part of this decision page. Some professors place higher emphasis on the Business Strategy Game than others but the Business Strategy Game is always a hefty part of your grade. My friend and I walk through the simulation on how it works. 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. With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. Do this for all the four regions. Obviously, the other teams and their decisions will play the biggest role in how you play the game, but this is a good starting point for how the game works and . This is probably the most important decision entry page in the game and you will be spending most of your time here. 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. The Business Strategy Game 2023 Edition Competing in a Global Marketplace New Students (click here) New Instructors (click here) Login for Returning Users Forgot Password ? Anyone need help with BSG? : r/businessstrategygame - reddit So having understood what the image rating of a company is based upon, how can you improve it? Dont be fooled by cheap imitations by common Industry Champions thatgloss over the obvious. While your regional sales volume for the internet segment is a good estimate, the estimates for the wholesale segments are not. Thats one of the things you should never do because you can always use capacity. Most of the decisions you can make here are a waste of money and will not benefit your company. Hey!! Here are some of the best tips for accelerating your business. update them with tips and food for thought from the paid guide. Thats a game changer!! I cant seem to find it. Based on the kind of approach you will use, you might find it useful to keep some of the costs low. Start Here: The Business Strategy Game Guide Site Map 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. total sales volume estimate into the Branded Pairs to be Manufactured in Year XXslot for North America, write down your reject rate and add it to your previous total N.A. 7 Winning Tips and Strategies for the Business Strategy Game (Bsg On this screen, you can handle your financial decisions for your company. Almost done, the last decision page. You have successfully adjusted to your competitors. After watching this comprehensive 75 minute video I haverecentlyfilmed, you will know exactly what you need to do to be successful. We will now look at all the decisions you have to make to actually play the game and be successful with your strategy. Your interest rates depend on your credit rating and the duration of your loan. After clicking on the green Go to Decisions/Reports-button in the corporate lobby, you can see your profits in the lower left-hand corner. 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. You now have an estimate of how many shoes you are going to sell in each region. Theres not right amount of capacity you should purchase. Is there a system to beating the game? Market share is not crucial for your success in the BSG, but profit is. 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 thats won the Business Strategy Game. My guide follows the rule highest net profit is key to success. unfortunately I have no experience with adjusting to my strategy in the late-game. After you have successfully plugged in your branded pairs that need to be manufactured for both plants, click the Save Decisions button and move on to the Branded Distribution page. It is best to build only as much capacity as you can afford without taking any loans. Thank you so much for the good recommendations. The BSG Game went through a major revision in the beginning of 2019. If you have any questions, comments, concerns, or feedback, click on my name below and Ill respond to you as quickly as I can. Most Industry competitorsarentable to replicate high results when they face tougher opponentsand have asimpleunderstanding of the Business Strategy Game. BSGTips.com is a proven guide (written by a Business Strategy Game Grand Champion) on how to win, not just how to play. Fin. So I run into problem again! Finished top 3 the first time and we are currently in 2nd place through 5 weeks for our current simulation. As I keep reading online about different strategies to win, there are some postings that are aligned with the strategy of low quantity of models offered at a high quality and keep increasing capacity. It has two components. So the question is: would you recommend for my team to still increase capacity despite this fact? Authorize your construction and you save your decisions. So, why not win the Business Strategy Game and stop your worrying. And you said I should only add capacity onto existing ones instead of building a new one in LA right? Is there a strategy that will always win? After you read the free Business Strategy Game Tips Guide, I recommend checking our Twitter, Facebook, and YouTube channels. I would like to ask you about the Dividends. What should I do in this case? When contracting a celebrity, your advertising efforts in the Sales Forecast section should not be low. . . im at year 17 and perfect score twice, 1st in last 3 years and 2nd twice. Emerging on top of this simulation can be quite a challenge. Other teams in your industry wont stand a chance when you unleash the tactics we teach. Magic Year 11 Secrets Revealedgives you exclusive access to a tried, tested and provenlegitimatebase method for stuffing approximately $50,000 Net Profit in your first year. If Im wrong, Ill post another comment. 5. Also, I am concerned about the prices strategy; the group who is in the first place has the plan of highest S/Q rating (7) with 200 models and lowest prices. MyNewVideo Guide leaves nothing to the imagination. Help, hints, tips, and strategy for The Business Strategy Game (Thompson & Stappenbeck) which will greatly improve your game performance. The styling/quality (S/Q) ratio of the business venture in the different geographic locations they operate 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. Beat the Business Strategy Game. At the end, I increased dividends to boost my ROE. I was a poor undergraduate college student, too, at one point, and I understand your unwillingness to pay for an additional book. Thank you! Be objective in your approaches from the beginning of the simulation right to the end. 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. I would like to ask about the Pay Dividends. My stupidness did not know that I should not pay dividends while Im in LOAN mode. I wish you the best of luck for your game. PS: I do the 5-year-loan 12,000k in Y11 (7% interest); In year 12, I paid #1 Long-Term (early payment) 12k at 8.2% AND borrow 70,000k 5-year-loan at 4.5%. If not, see what positive percentage yields the highest profit for you. The second part is the free site resources. It might be tedious work and consumes a lot of time, but it will definitely worth it and will let you win the BSG. It makes sense; the more ads you run, the more your celebrity endorsement will be seen and the more effective it is. That combined will give you a good boost for the last year. I would always encourage you to bid on available celebrities. With increased competition, prices tend to decrease. You can only do one upgrade at a time in each region and a total of two updates per region. For only $35, get instant access to the Business Strategy Game Guide. Business Strategy Game Help - reddit With our strategy in mind, I would recommend addition capacity to already existing plants rather than constructing a plant in a new region. Sometimes, clearing your beginning inventory at a discount will boost your profits. Two of the most important things to do here are analyzing your competition and optimizing your values. thank you for your help. The Capitalism series is widely regarded as the best business strategy game series ever created. Otherwise, their endorsement effect declines. Set your price to whatever maximizes your profits. Setting up a successful business requires time, money, a lot of hard work . The demand depends on your retails, price and quality. There should be a balance. To boost earnings per share (E.P.S) you can use the cash at hand to retire and repurchase any outstanding shares. By employing the best cost strategy. Having an increased S/Q rating and lower prices boosts the image of the company positively. and L.A. in North America to reduce costs because ofNAFTA. 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. These simulation games can help you develop hard. This decision page deals with your plants. I see this every semester, and you dont want it to be you. However, the private-label market is set up the way that only a limited demand is given each year. Do the same for your E-A and A-P volumes and plug them into the A-P manufacturing slot. It makes sense to do the upgrade before adding capacity. BSG Report, Part 2 - BeatBSG Max OUTyour production with the high quality shoes at the lowest possible cost. Like I explained in my blog post, do everything that is necessary to increase and maximize your net profits. Because with more capacity, you can offer more pairs in private label and dominate the market there. 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. They WILL work for you too and can adapt to EVERY situation. If you will not be able to get a return on your investment over the remaining period, it might be a good idea to forego the upgrading process. Here's a free video of things to watch out for while you are running your shoe company and competing in the BSG. Here, you will decide for how much your shoe is going to sell. All you have to do now, is writing down your forecasted Regional Sales Volume for both the Internet Segments and Wholesale Segments in all four regions. construction cost to be financed with debt. Also do you know the cost of building additional capacity. In this multiplayer business simulation game, Virtonomics players must strategically build their virtual companies to become successful Virtonomics entrepreneurs. You are now done with all your decisions for the Corporate Citizenship decision page and should hit the Save Decisions button on the upper right-hand corner. is it because I need to add capacity? 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. The best business tip I have received so far is to have a backup plan for all your moves. Wow, you are done! For many students, winning the Business Strategy Gamecan be the difference between PASS and FAIL. This is my personal procedure that has led me to become Grand Champion and nothing on the web can compare to my precision perspective of BSG. Order now. and why do I want it? It didnt matter how competitive they were, how motivated they were, or whether they were Industry Champions. You are now all set to dominate your industry and win the BSG! Displaying corporate citizenship in a responsible and socially acceptable manner for not less than 4 years. The rule of the game is to compete with the other students' teams to stay ahead to gain a competitive advantage over other teams. After you have plugged in your numbers for both plants and your Branded Pairs Available for Shipment matches your Total Branded Pairs Shipped from each Plant, go ahead, click the Save Decisions button, and move to the Private-Label Operations page. At the same time, youll generate significant amounts of income from the hardest market to extract revenues from. I suggest to go for maximum profits. These games often involve managing resources, making . ? 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). Sometimes thats cutting expenses, sometimes thats increasing expenses (even though it might not make sense at first). Learn More PDF The Business Strategy Game - California State University, Northridge Please post any information pertaining to: strategies, tips, final presentations, case studies, quizzes, etc. SAVE TIME & PASS YOUR CLASS Amplify Your BSG Online Score: https://www.bsg-game.com/select-time Derek's "Pass Your Class Guarantee" . Turn delivery time to four weeks because it has no noticeable effect on sales but significantly affects EPS and Net Profit. If you have any questions, feel free to come back and ask them. Hi Fin, Thanks for the detail post and the screen shots. These Business Strategy Games Teach You to Plan Ahead And profit is what the game is all about. The guide also features step by step instructions in how to manage decision screens in making the best decision. . Here are factors to be considered before picking a celebrity. Hi Lee, You need your capacity and it is never a good idea to sell your existing capacity. PS: I left a comment, but I did not see it and thus retyped. 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 coming up with a CSR initiative, ensure that the budget can be sustained over time without burdening the company. The ULTIMATE Business Strategy Game BSG Guide - 2023 - YouTube I am a Business Strategy Game Grand Champion. 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. 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. Im playing the new version of the game, and your guide has worked perfectly for the first two years! I followed your recommendations, and I have a good rank. By clicking on the Purchase Capacity button, you can see whether someone else did the mistake and sold capacity. Best Business Simulation Games of 2022 - Business News Daily 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. You can also pay dividends to your shareholders. 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.