Key Term business strategy game year 11 decisions; This preview shows page 1 - 2 out of 2 pages. However, if you loose and the share price will go down. In Y12, I paid early payment 12,000k at 8.5% and continued borrowing 70,000k at 4.5% for 5-year). Let us take a look at the Plant Capacity / Upgrades page first. Profit is the key to success in this game! For only $35, get instant access to the Business Strategy Game Guide. We do not leave it in bank or safe. I hope that helps and good luck! When I played the game, I barely looked at what my competitors were doing. Copyright 2023 | Powered by Top Academic Writers, Automated page speed optimizations for fast site performance, Leadership and Management Assignment Help. Should you have excess capacity, consider this market and manufacture at full capacity. You can only do one upgrade at a time in each region and a total of two updates per region. Business Strategy Game is an online business simulation game where class members are grouped into teams and assigned the task of running an athletic footwear company in head-to-head competition against businesses managed by groups formed by other class members. Our company will provide its customers provide multiple choices in footwear that will satisfy any of their footwear needs. You will also receive a copy of Currency Made Simple. Hi! Especially with our high quality and low models strategy, this will be very beneficial and will safe you some money. As always, do not forget to save your decisions after you are done. We can keep and sell NA after year 16 if we have good and large LA factory. 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. I worried that another team would have stumbled onto your blog, but few people Google tips it seems! Cost of pair sold, Ware house expenses, Marketing expenses, and Administrative expenses, all the 4 key contribute to Operation Cost. 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. 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. Distribution Warehouse Business's typically involve a much greater degree of movement than other lines of work. Same with all the other values, like I described in my blog post And then use all your remaining shoes for the private label market. Im playing the new version of the game, and your guide has worked perfectly for the first two years! However, if you experience difficulty winning your game, type Help with My BSG. You will get professional from BSG game help. and A-P plant, focus on your Total Branded Production Needed to Achieve Year XX Sales Forecast section on the lower half of the page. Learn how your comment data is processed. These include; Lowering the costs come with lots of benefits. I adjusted a little bit and the forecast is now close to previous years. This can get confusing at the beginning so here is a table to show you the process. Strategies, decision screens, reports and tests. After a couple of decision rounds, you will get a feeling for it and it will become easier, no worries. Looking at Company Operating Report, Distribution and Warehouse Reports, we see Cost of Branded Pairs Sold in Year 18 is $25 and Warehouse Operating Expenses is 3.71. We will get ROE higher soon, and faster than other competitors. You do not want that to happen, especially because your internet sales only account for a small percentage of your entire sales. If you find capacity available for purchase, I would always directly purchase it. How can you apply the knowledge from the textbooks? Do not worry about those numbers, they will just show you whether your investment is profitable or not. Thanks a lot! No worries, it will be easier after the first few years. $50.66 but $50.67 gives you higher profits, go for the higher prices. While those two values do not change your S/Q rating, they will change your net profits. The Business Strategy Game is a simulation game that allows players to experience the complexities of running a business. From experience Id say tho that it is already too late to adjust to my strategy presented. Thanks a lot! We also ship from AP to EA, AP and some to LA. With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. I followed your recommendations, and I have a good rank. From Company Operating Reports, we focused on Balance Sheets and Cash Flow, we see Total fixed Assets of 573,906; Total Liabilities of 127,335 and Total Shareholder Equity of 446,571. Celebrities will enhance your marketing efforts and help you sell more shoes. While they might boost your image rating, they will decrease your profit. We keep the Mission which we built from last 8 years. Recommendations for Improving the Image Rating in The Business Strategy Game Most of the decisions you can make here are a waste of money and will not benefit your company. The end result counts. G-Brand will invest more in the Use of "Green" Footwear Materials, Energy Efficiency Initiatives and Charitable Contributions to build a bigger Image of societal Brands. Hi. Do the same for your E-A and A-P volumes and plug them into the A-P manufacturing slot. I am in Y12, and I am adjusting for Y13. If you tweak those numbers, your demand will adjust accordingly. I usually have the highest net profit when setting Enhanced Styling / Features to $50k, TQM / Six Sigma Quality Program at around $0.70, and Best Practices Training at $5,000. Is there anyway to increase the demand for my shoes in the internet/wholesale markets? 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. So I doubt on his strategy. Write down each regions reject rates and add them up to the regions estimates sales volume. The BSG generates the complete outcome of each years operations roughly 20 minutes after each decision made around the deadline. If you see little action on the celebrity market, go ahead and get your celebrities for the lowest price possible ($500). If it is lower than 40%, your wholesale price will be in competition with your internet price. We increase wage, compensation, bonus and keep high training, TQM as we used to doing in the last 8 years. Now, decide to which region you want to ship your private-label shoes. More effective. We need to keep continue going up to expand and to create new markets. Moreover, you can benefit from Business strategy game help where professional BSG players have many years of experience. This Branded Distribution table of decisions seem to need more time. You have successfully adjusted to your competitors. G-Brand will continue to make all efforts to use good materials which environment friendly. Private label will help you dominate your competition. Thank you so much for the good recommendations. Find ways to break the inertia. I mainly looked at what they were doing in the private label sector. Hi, Im glad to hear that it helped! However, if you happen to use overtime at either of the two plants, plan on increasing the plants capacity in this decision round. In the first year (Year 11), you only have two factories, and you need to distribute to four markets. This way, you get a clue on the actual standing of the company entering into year 11. Worst case, all the demand is already satisfied in your region before your shoes at a certain price is being considered. You now have an estimate of how many shoes you are going to sell in each region. . You can know your strategy in several ways. Our EPS increase fast from 7.36. This requires an overhaul of teaching practices and learning techniques that cater to the changing economic trends. I recommend building additional 1,000 capacity for the North American plant in the first year, if your cash balance allows it. Go up and down each decision a couple of times to get the optimal profits. Most players play hard from the first round, thus increasing S/Q, the number of models, reduce the price, putting for advertisement three times higher than average, and bidding for celebrities. Since youre only in the second year, I would honestly decrease your models to 50. On this screen, you can handle your financial decisions for your company. Then, you want to plug in your L.A. total sales volume estimate into theproductionslot for North America as well and add up your reject rates. It is usually best to repurchase stock at the beginning, when your stock prices are relatively low. Again, trying out different combinations and optimizing net profits is key for these values. Theres not right amount of capacity you should purchase. We can check that before making decisions. Currently, were selling 150 models. It depends on how much private label you sell and whether you want and can sell more depending on the market, whether its satisfied or not. While competing with the other teams in BSG, you need to make informed decisions that can create a difference and take your team ahead of all. They have all changed by +2%, just as you plugged it in. The decision is due tonight I am so nervous but the performance score so far looks good. I have encountered two successful strategies so far: medium-quality shoes (S/Q rating of 5-6 stars) paired with high number of models (250-350 models) and high-quality shoes (S/Q rating of 8-10 stars) paired with low number of models (50 models). The information is these guides is laid out, and displayed, in such a way that crucial decisions should be a breeze. You need your capacity and it is never a good idea to sell your existing capacity. If you demand for branded production is met, put everything else into private label to make sure you dont have unused capacity. We will work tirelessly to ensure that our shoes are within reach of purchasing and get the high quality shoes with very large selection. Because with more capacity, you can offer more pairs in private label and dominate the market there. I personally would not bid higher than $5,000 $6,000. Toward that end, it put in place responsible environmental policy that ensures more decisions for community. Thank you so much for your suggestion! Hello, We need to adjust the number of productions to optimal these decisions. That is overall good. Yes, its not too late yet to follow through with my tips. After you have calculated the manufacturing volume for each region, add up your N.A. Higher Net Profit is a key to win the BSG Online Game. We give 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. In the first few years, this will be pretty difficult to determine. Is your strategy also works for my situation? I usually go ahead and plug in whole dollar amounts for the wholesale price and see how net profit changes. If I have cash available after doing all my decisions, I like to alternate between building additional capacity, purchasing plant upgrades, paying off loans and repurchasing stock in the following years. This means, you decide about the S/Q Rating of your branded pairs produced and your compensation and training for your employees. It makes sense; the more ads you run, the more your celebrity endorsement will be seen and the more effective it is. This game can be overwhelming, so anything to help other players! Like I said before, you should be building capacity, yes. Besides, you can set best practice training high, maybe at 5.000. In 2020 digital game sales outpaced physical sales for the first time. This decision page deals with your plants. We always used the 10 decision groups of Finance and Cash Flows in most careful ways to maintain high EPS, in fact we should spend more Cash in hand to buy back Share in early years. We need to control this better in next five years. What should I do in this case? 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. Before you even start plugging in any numbers, it is important that you decide for a strategy to pursue for the game. Hi. Let me walk you through the various decision pages and explain you how to optimize each entry. After you have done this, play around with the values for Wholesale Price, Advertising Budget, Rebate Offer, and Retailer Support (increase/decrease by 100s only, as everything else makes no sense). When evaluating the 3PL provider in charge of your pharmaceutical distribution warehouse, safety is the name of the game. But the plant page did say not recommend to build the plant so I was hesitating. This essay was written by a fellow student. Business Strategy Game is an online business simulation game where class members are grouped into teams and assigned the task of running an athletic footwear company in head-to-head competition against businesses managed by groups formed by other class members. Also, G-Brand need to keep high market shares, year 17 market shares are reduced, but G-Brand has get back to Top in Year 18. G Brand has a Vision to establish a worldwide brand dedicated to innovative design and best provider in quality at reasonable prices, allow becoming a global leader in the athletic branded shoe market. Thank you very much for your kind words! So, how can you win the BSG game? . With our strategy, you might want to think about getting Option A as well. This is probably the most important decision entry page in the game and you will be spending most of your time here. Should you consider selling a factory, dont upgrade it because you will lose that investment. How can the company jump over other competitors? It typically keeps increasing until a certain price point and then starts to drop. sales volume estimate. We need to figure out most effective ways to increase ROE by increasing Net Profit but keep Total Equity low, not expanding faster than increase of Net Profit. View Invitational Current Adopters of BSG Schools (campuses), institutions, and companies using BSG during the last 12 months. Decades of experience in warehousing and distribution can be an incredible advantage. Increase models? Look at the demand for each market, then divide each plant supply for each regional market. On the other hand, other players gamble for the private market with a high price, a large volume to lead. If you have any questions, feel free to come back and ask them. 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. 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. Purchasing capacity is 20% cheaper than building new capacity on your own. Should I continue expanding NA or AP and by how much? We will differentiate prices to allow our shoes to be reasonable priced to the average personal. Also, we can upgrade NA in C and one other option. Keep in mind to check your profits and ensure they get as high as possible. Strategic warehousing impacts all warehouse operations, from inventory management to order fulfillment. Keep the price expand from Average to higher, but Maintain Highest quality of our shoe will continue to exceed the quality of shoes within offered by our competitors and which are with the same price-range. However, do not rely on those values. My question is what if I decreased the pay dividends to $0.15 from $1.00? Even so, how can you apply the business strategy knowledge and skills in the game? However, it will also decrease your ending cash. 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. This way, you will save more money while getting a high S/Q. Study on the go. Your numbers might be a little bit off due to the reject rates. Hi, Sure, you can ask anytime Also, consider workforce diversity and ethics training. I am on my second year and I have negative income right now, any tips on how to get in the positive? 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! More than two groups following the same strategy suffer the same difficulties since they create direct competition among their target market. 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. The world's most streamed artist Bad Bunny, a Puerto Rican rapper, alone claims 8.3 billion streams. Do you know why is that? The Strategy Business Game learned all aspects such as production, distribution, sales forecasting, finance, marketing, celebrity endorsements, private label operations, corporate . Hey!! No worries, this is logical and you did nothing wrong. Like in the real world, the BSG companies compete in the international market arena, selling branded and private-label athletic footwear in different geographic regions such as Europe-Africa, North America, Asia-Pacific, and Latin America. How can the company lead the market in 10 years? Any advice? congrats on your success! havr the highest stock price, image rating at 90, A+ still, and double digit EPS. How did your 2nd decision go? Wow, you are done! It is best to build only as much capacity as you can afford without taking any loans. Often provided as part of an integrated enterprise resource planning (ERP) suite of business applications, a WMS can support and help to optimize every aspect of warehouse management. At Top Academic Writers, we have writers with experience in different fields be it in high school, college or university. In my opinion, I believe the other teams are thinking on exploit the private label. Try out different combinations that keep you at 8* and the highest possible net profit. With revised strategy, G-Brand will focus on offering higher quality products, more models, more fashion, to be industry leader in cost for value. If so, we need to start building a new factory in LA, eg. . The company operations run parallel to those of actual athletic footwear companies. Paying dividends will increase your stock price and your ROE. First, set your Number of Models to 50, as determined earlier at the Sales Forecast page. You possible might decrease your net profits with this, but it is definitely worth it and will pay off in the long-run. The Business Strategy Game (BSG) comes in handy as a realistic representation of the actual practices in a virtual setup. Thanks! G-Brand will continue to build on its existing strategy (Globa Differentiation Strategy) of attempting to gain a competitive advantage primarily by differentiating the Value and Quality for Price, customers pays for Real High Quality Value and Fashionable athletic shoes with much higher Quality what our competitors would charge for similar products. So, play around and find the best combination for your given S/Q rating that yields the highest net profit. Net Revenue of 52.76, but cost of 25.43; 3.16 for warehouse; 10.50 for marketing; 1.16 for Admin, make the Net profit of 12.53. For example, a WMS can: Here, you have the opportunity to sell your existing capacity. In addition, you have the option to repurchase your stock. The Business Strategy Game or BSG is a simulation game used by, different colleges for their Business capstone. This is quite good at the year 19 and later. This would leave you with a bunch of shoes unsold. Winning the BSG game is essential. I would always encourage you to bid on available celebrities. 3/29/2021 BSG Decisions & Reports Projected Year 12 Performance Scoring Measures EPS (earnings per . If you have more cash available, go ahead and spend it for either one of the other options. Do this for all four regions. Annual leasing and maintenance fees of $1 million per distribution center/warehouse in each region Per. It can be very beneficial for you. Fin. PS: I left a comment, but I did not see it and thus retyped. You and your co-managers are taking over the operation of an athletic footwear company that is in a neck-and-neck race for global market leadership, competing against rival athletic footwear companies run by other class members. Important: Your Sales volume, not the production volume that includes the rejected pairs! Its a lot of trial and error until you find the best possible value and it takes a lot of time at the beginning. You should pay attention that your S/Q Rating of Branded Pairs Produced matches your value on the Sales Forecast page. Select +2% for the Percent Change in Competitive Impact of All Other Factors from Previous Year. From Year 19, if any, we have over 100 million cash in hand and Net Profit every year, it will be better financial status for us to expand or invest in upgrading new factories, or even produce at higher stars 8, 9 or 10 stars. Yes, I would only add capacity onto existing plants and not build new plants. 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. On this page, you will optimize your entries and toggle each value until your reach the maximum profit possible for each entry. like should I just follow your tips through all because I kind of get on a bad start. Find out how much you want to bid for each celebrity. We also thank the Professor and creators of BSG Online to give us a good environment to learn, to practice with full of knowledge, competitions and emotion close to business life. With remaining the cash on hand, try to buy back stock, pay off your loans from the beginning of the game, pay back dividends, and upgrade your plants. However, you must tie your values and settle for the best combination to optimize your net profit. We will upgrade new factory in LA to produce top high quality shoes with C options an B for large quantity. Here is a chart again tho show you the process: If your regular production capacity is not sufficient, use overtime. You can still ship pairs from LA to somewhere else if needed. I never really watched my EPS or credit rating (ofc credit rating should be a B at least). I prioritize building additional capacity and purchasing plant upgrades. Does it affect any other factors? Increase S/Q ratings? It can also be crippling if leaders . 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. Texas A&M University, Corpus Christi. Regardless of what the other competitors do in Year 11, your focus should be winning. Economic Impact of Hurricane Harvey and Hurricane Irma, Temporary Oil Price Changes Hold Back Consumer Spending. . This site uses Akismet to reduce spam. You will soon know why.
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