business strategy game tips
Sales … 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. This way, you will increase your learning curve while the shoes cost less. That's the reason you beat this other team; your net profit was higher than their net profit. The novel coronavirus – COVID-19 pandemic is, [caption id="attachment_12660" align="aligncenter" width="638"] How to Win, How to Develop a DNP Project Using an Evidence-Based Approach, Strategies for Writing a Powerful and Convincing, Leadership and Management Assignment Help, The patented styling/quality (SQ) rating of the business in every geographic area. Do not worry about your market share percentage or any other value than your net profit. I only ever paid attention to my profits and I never ever sold capacity. Let us move on to the tricky part of this decision page. Celebrities will enhance your marketing efforts and help you sell more shoes. Percentage of Superior Materials, Number of Models, Enhanced Styling / Features, TQM / Six Sigma Quality Program, and Best Practices Training all affect the S/Q Rating. Any advice? You said that the internet price should be 40% above wholesale. I hope that helps and good luck! It might be tedious work and consumes a lot of time, but it will definitely worth it and will let you win the BSG. 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. According to the change, you can estimate the next year’s average industry internet price and plug it in. I am in a box where every move I make to lower cost or shift production lowers my EPS or credit rating. H Company follows the Medium High Quality strategy … 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. You now have an estimate of how many shoes you are going to sell in each region. If you are competing with five teams, it is vital for each of the team at least aims 20% of the market share in every business segment. Avg.” values have changed. However, some values, such as the Wholesale Price have decreased instead of increased. The most important advice in advance: it is all about PROFIT. These actions of the company will show corporate citizenship and its practice of operating the business in a manner that is socially responsible for about 4-5 years. Set Models Offered to “50” and Free Shipping to “No”. I personally would not bid higher than $5,000 – $6,000. However, do not forget to calculate your possible additional expenses for your celebrities. Evaluate the margin over direct costs to determine whether the market will be profitable based on the amount you are charging. You then want to select “0%” as the Portion of the $XX mil. I put $1.00 pay dividends, which turned out 20,000k in total. I will walk you through each page chronologically. However, keep in mind that your regional endorsement value should not be higher than 400 in any region. Does it affect any other factors? You need this capacity for the private-label market. Put on “All Employees” as well as workforce Diversity program. Go for the strategies that best optimize your image ratings, and the best would be the Ethics Training. Concerning changing others values, I recommend reading my initial post where I have explained everything in detail. However, to be able to do so, you need available capacity. Aivis Arturs Atvars. If you really need money, I would rather advise you to issue some of your stock. Same for your superior material. so idk what i may have done LOL, Hello, may I ask my is not that great at the moment and we are onto year 13 which is like 2nd year maybe of the game and i try my best to like follow your tips though not as fully cause I still don’t understand much especially the calculation one a bit confusing cause I am bad at that, so far I have 7 s/q rating though I am unsure should I do lower models or not cause I am afraid it might not be enough for profit and all because most I see at average of rating and high models , I was wondering what can I do to make it better? 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. Just put in a low to medium bid of between $3000 and $6000. Decision Entries for the BSG. From this highest whole dollar amount, I plug in every possible value around it and find the price that yields the highest net profit. 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. Before you even start plugging in any numbers, it is important that you decide for a strategy to pursue for the game. So your costs will be relatively low as well and the private label will be a very important factor of yours. Let us take a look at the Plant Capacity / Upgrades page first. Be careful: Sometimes, especially for advertising, numbers that are way off (for example $100 and $8,000) can yield about the same net profit with only a little difference. Yeah I will hold on to that for now. I am currently dominating my industry, and closing in on the top 100 list! As for the TQM, the best will be between $0.70 and $0.80. You almost can never have enough capacity because what you don’t sell in branded, you can sell in private label and dumb prices there and take away your competitor’s market share. Companies need to raise funds using either debt … 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. If you have more cash available, go ahead and spend it for either one of the other options. If you have remaining production capacity, put it in the provable label market. It almost worked TOO WELL. 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. There are two parts to this site. Again, it is important that you keep in mind to optimize your profits. BSG 2017 - Business Strategy Game - Guide How To Win - V2 Best strategy. Therefore, make sure that you are working on the best-cost strategy as it implicates the image of the company by increasing the S/Q rating. More importantly, ensure that you are shipping them from the right plant. congrats on your success! 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. So I run into problem again! For easy winning of your BSG game, you need a high quality/low model or a mid-quality/high-model strategy. I would still go for the 50 models and make sure to buy or build capacity so you have enough for your private label. Wow, you are done! I have extra capacity in the LA plant (worst place to ship from to any place outside of LA) which I tried to sell off. is it because I need to add capacity? Looking at the North America column, you now have to plug in your values for Wholesale Price, S/Q Rating, Models Available, etc. However, you can play with numbers to arrive at a particular quantity. That’s a relief. Not doing anything (i.e. In general though, a high S/Q strategy … Once you allocate the shoes to a region, buckle the superior materials and stylish features to make sure the price indicated for production cost is the lowest. When playing the BSG online game, you must attain a BSG image rating of more than 70 to be on the safe side of the game. The first is the paid guide. Click below to watch the video. Hi, thanks for the great strategy! You basically do the same thing over and over again, for every decision round. Thanks a lot! It is definitely around 1.2 though and I recommend starting off with this value.
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