You basically do the same thing over and over again, for every decision round. 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. I feel you. Keep control of Private Label market with upgraded factories that can produce most of quality at lower cost than any competitors. You will also receive a copy of Currency Made Simple. Advantage of this is, that you dont have to pay too much attention to your competitors. Were at the middle of the pack and wanted the best strategy to move up the ranks. With revised strategy, G-Brand will focus on offering higher quality products, more models, more fashion, to be industry leader in cost for value. You are now all set to dominate your industry and win the BSG! According to the change, you can estimate the next years average industry internet price and plug it in. The Business Strategy Game is an online exercise where class members are divided into teams and assigned the task of running an athletic footwear company in head-to-head competition against companies managed by other class members. The Strategy Business Game learned all aspects such as production, distribution, sales forecasting, finance, marketing, celebrity endorsements, private label operations, corporate . What are the niche markets that your competitors dont see? However, you can successfully apply most of the following tips to either strategy. You are playing the BSG but do not want to read the 35-page Players Manual? thank you:). (Which affects all 5 factors: EPS, ROE, Image Rating, Credit Rating and Stock Prices). That being said, when you go with the strategy explained in my post, you will have maximized profits. Try to move away from your competitors if they are applying the same strategy. But you need to identify your strategy first in the following three aspects: How can you identify your strategy? Over Year from 15 to 18, ROE changes up and down 22.5, 18.2 then 20.0 then in year 17 down to 16.8 then up to 24.3 in Year 18. I am on my second year and I have negative income right now, any tips on how to get in the positive? I have experienced different behavior with bidding on celebrities. While +2% might now always be spot on, I have made the best experience with it so far. Thank you very much for your kind words! 3/29/2021 BSG Decisions & Reports Projected Year 12 Performance Scoring Measures EPS (earnings per . If it increases your profits, leave it at Yes, otherwise set it to No. Avg. values have changed. How can the company lead the market in 10 years? Plant Capacity - BeatBSG So, how can you win the BSG game? 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. You are almost done for the Sales Forecast decision page. We will upgrade new factory in LA to produce top high quality shoes with C options an B for large quantity. Is there anyway to increase the demand for my shoes in the internet/wholesale markets? Strategies, decision screens, reports and tests. We will differentiate prices to allow our shoes to be reasonable priced to the average personal. The Business Strategy Game is a simulation game that allows players to experience the complexities of running a business. This can be a very tricky decision and you need to analyze your competitors prices. you should repurchase stock whenever you can. One week they might increase, the other they might increase by just a little or even decrease. . 11/4/2016 1/2 I . And you can basically never have enough capacity for private label. Try out each and every value and note down the highest net profit values. On the other hand, other players gamble for the private market with a high price, a large volume to lead. 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. But this year the shipping is too high from AP to LA so I cannot make any money from LA. Business Strategy Game - Week 5 (Year 14) - YouTube Again, try out each percentage for each region and set it to the percentage that yields the highest profits. Do this for all the four regions. Key pharmaceutical distribution warehouse questions to ask a 3PL. Do not focus too much on the market share but focus more on profits. Keep track of close competitors, H and others. Company operations parallel those of actual athletic footwear companies. . As the CEO, you need the support of the other company managers. The cost of the game varies depending on the version and the number of players, but typically ranges from $50 to $100. However, after 3-4 years, your competitors will settle and changes will be more predictable. We will now look at all the decisions you have to make to actually play the game and be successful with your strategy. It is quite simple. So, play around and find the best combination for your given S/Q rating that yields the highest net profit. Thanks for your strategy! Largest network of retailers around the world. I always went with 500 every second year, but it depends on your market and competitors. I just have a quick question. Business Strategy Game Simulation However, with effective BSG simulation tips, you can keep your company ahead of the competition. More than two groups following the same strategy suffer the same difficulties since they create direct competition among their target market. Please delete one if there is an extra comment. The higher your celebrity endorsement value for a specific region, the more your advantage in attracting buyers to purchase your branded footwear. I was wondering how much more additional capacity that I should purchase after Ive bought the first 1000 for NA. Its a lot of trial and error until you find the best possible value and it takes a lot of time at the beginning. Almost done, the last decision page. You can only do one upgrade at a time in each region and a total of two updates per region. Hello, We even understand the very details such as marketing per pair of shoes, cost of warehouse, administration per pair of shoes, which can contribute to the total cost making the Net Profit higher or lower then decide the Business Results and overall market development. unfortunately I have no experience with adjusting to my strategy in the late-game. Hi Fin, Thanks for the detail post and the screen shots. How did your 2nd decision go? Here, you have the opportunity to sell your existing capacity. We do not focus on rebate, time of delivery.
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