If not, I dont see the need to purchase equipment in order to make more shoes until the demand begins to encroach upon my shoe making capacity. This way, you will save more money while getting a high S/Q. So for our strategy, it should be 7 stars at the beginning. Your team will experience the challenge of coming up with a successful strategy, especially when frequently faced with changing competitive business environment. How can the company overcome tough competitors who seem to know most of the things you know? Since youre only in the second year, I would honestly decrease your models to 50. G-Brand continue to be a good steward of the environment and social responsibility. However, you should keep on thing in mind: Your internet price should ideally be 40% higher than your wholesale price. Branded Distribution When doing so, you have to plug in numbers for the assumptions section in the new window. Can you tell us more about the strategy you had ? I am in need of help with the Business Strategy Game. | Chegg.com However, keep in mind that your regional endorsement value should not be higher than 400 in any region. Hi, That combined will give you a good boost for the last year. Even though this game is said to be a business simulation, get rid of the thought that all decisions have to make sense and be logical. 24 Pros & Cons Of Starting A Distribution Warehouse Business (2023) Sometimes, clearing your beginning inventory at a discount will boost your profits. I adjusted a little bit and the forecast is now close to previous years. Key Term business strategy game year 11 decisions; This preview shows page 1 - 2 out of 2 pages. We keep the Mission which we built from last 8 years. 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). With more inventory, however, you can put more shoes into private label which is a really important aspect of the game. Regardless of what the other competitors do in Year 11, your focus should be winning. But this year I have a lot of cash on hand, I upgraded my plant, should I also build the LA plant although I dont need that much capacity at the moment? Nonetheless, learning from your and other groups failures is also necessary. Because with more capacity, you can offer more pairs in private label and dominate the market there. The Strategic Role of Warehouse Management in the Supply Chain In the above example, we ship from NA factories to NA and LA. Does it hurt any other factors? Most days, you will spend your day walking, running errands for your business, and performing a multitude of tasks. The BSG generates the complete outcome of each years operations roughly 20 minutes after each decision made around the deadline. Also, consider workforce diversity and ethics training. For the upgrade option C is the one to raise 1 star, but the actual cost it can save me every year is not a lot, should I still do that? Once you get the Main Menu for running the company, print a copy of the Year 10 company reports, a summary of the footwear industry report for year 10, and competitive intelligence reports. Write down each regions reject rates and add them up to the regions estimates sales volume. You want to setEthics Training / Enforcement to All Employees and Workforce Diversity Program to Yes. We are doing very well, even up and down from 1st and 2nd position but we have a strong and clear visions for future strategy to lead the company at top of market and meet Investor Expectations. It is good to expand or build on the existing plants. The Business Strategy Game Player's Guide 2 Welcome to the Online Edition of The Business Strategy Game. Concerning changing others values, I recommend reading my initial post where I have explained everything in detail. 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. We had a bunch of copycats in practice year 12, but nobody has figured our profit-maximizing, low-cost strategy, and now theyre pursuing higher models in the real game. Should you win, it would mean your tips are more favorable, and your competitors may learn from 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. Here, you have to tie materials, styles, or features and TQM until you attain the desired S/Q. My question is what if I decreased the pay dividends to $0.15 from $1.00? Beat the Business Strategy Game. Here, you will plug in your previously calculated regional total sales volume for each region. Business Strategy Game Simulation - bsg-online.com We have quite large Total Shareholder Equity of 446,571. Private label will help you dominate your competition. You can also ensure the S/Q since it is the first decision. Hence, you will only focus on the two following decisions that are worth their money as they increase your image rating the most. Definitely helps! Sounds good, congrats! 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. Otherwise you will not sell any shoe either. So, play around and find the best combination for your given S/Q rating that yields the highest net profit. Just plug in numbers and note down your net profit values. We have good Cash in hand over 100 million each years. I let the rest remain the same in the entry. We will keep going with this rate in next five years with expansion strategy, based on large volume, higher S/Q and reasonable Prices. Whenever you change and sharpen any decisions, you should keep track of your net profits. Business Strategy Game - Week 5 (Year 14) - YouTube Unused capacity kills your numbers and profits! Strategic warehousing impacts all warehouse operations, from inventory management to order fulfillment. The private-label sector is something you do not want to miss out on, especially with our high quality, low models strategy. However, there are still some other voluntary decision that will prepare you for future decisions. I will walk you through each page chronologically. View Invitational Current Adopters of BSG Schools (campuses), institutions, and companies using BSG during the last 12 months. These include; Lowering the costs come with lots of benefits. What is the companys differentiation strategy? I mainly looked at what they were doing in the private label sector. I personally find it easier to pursue and had more success with it in the past. Your numbers might be a little bit off due to the reject rates. Keep in mind that you are managing a multi-national company, and shareholders are not interested in dividends but the stock price. This is very helpful. In this blog post, I will run you through everything important that you have to know about the BSG and how to win it. It will be very helpful for us and will be very grateful Do you still have your upload reports of all your years ? Hi Fin, Thanks for the detail post and the screen shots. In the first year (Year 11), you only have two factories, and you need to distribute to four markets. 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. Do not price your shoes too low, so that you will not make any profits with your sales. For example, a WMS can: Here, you have the opportunity to sell your existing capacity. Learn tips & tricks, from a BSG Grand Master! I am on my second year and I have negative income right now, any tips on how to get in the positive? Like I already said in my previous post, the most important thing is to toggle each and every value and pay close attention to your net profits. With our strategy in mind, I would recommend addition capacity to already existing plants rather than constructing a plant in a new region. On this screen, you can handle your financial decisions for your company. It might be tedious work and consumes a lot of time, but it will definitely worth it and will let you win the BSG. In the first few years, this will be pretty difficult to determine. Keep in mind to check your profits and ensure they get as high as possible. We have two plants in year 11, and growth rate of market is about 5-7%, during 10 years from year 11 to year 20 we will need to double may be triple production capacity. Hi, youre welcome. I worried that another team would have stumbled onto your blog, but few people Google tips it seems! However, you must tie your values and settle for the best combination to optimize your net profit. In order to be continue higher competitive and perform to the higher levels, there are still some areas in which the company can focus to operate better. We need to control this better in next five years. BSG Report, Part 3 thank you for your help. Cost of pair sold, Ware house expenses, Marketing expenses, and Administrative expenses, all the 4 key contribute to Operation Cost. Business Strategy Game I will explain soon, how to increase plant capacity and why we need the capacity for private label. Purchasing capacity is 20% cheaper than building new capacity on your own. Also, we can upgrade NA in C and one other option. With respect to our employees well-being, our G-Brand Company intends is to continue its practices of investing in employee-development and utilize a compensation model that encourages our employees to work hard, while simultaneously striving to be more productive and efficient. We always provide best S/Q with reasonable price just 15% higher than Industry Average, with Largest collection 500 models and also largest networks of retailers worldwide. We will now look at all the decisions you have to make to actually play the game and be successful with your strategy. This can have a positive impact on energy levels and your overall health. Check the Competitive Intelligent Report. According to the change, you can estimate the next years average industry internet price and plug it in. Should you have excess capacity, consider this market and manufacture at full capacity. However, traditional warehouse management systems are not designed with the flexibility or technology capacities to address ongoing challenges in the . Plant Capacity - BeatBSG Optimizing your values is the essence of the game, even though it might be very time-consuming. While you already have a good estimate of how many shoes you are going to sell in each region, you still need to consider your rejected pairs during production. But keep in mind the risk of jumping up or going down with the high bid price. In the first years, the estimate of the industry average might be a little off the +2%. If it is lower than 40%, your wholesale price will be in competition with your internet price. It typically keeps increasing until a certain price point and then starts to drop. However, if you want to do it more precisely, note down each industrys percentage change over the years and use this number instead of the +2%. I am in a box where every move I make to lower cost or shift production lowers my EPS or credit rating. This can make Net profit quite simple, if we produce 12.000.000 pair of shoes, we will get about 144 million Net Profit. You will get the hang of it after the first few decision rounds as it is always the same procedure. Okay! Hello, 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. The key factors need to be considers is Cost of Branded Pairs Sold, e.g. In my opinion, I believe the other teams are thinking on exploit the private label. You can lower the costs by increasing training and upgrading facilities. That being said, when you go with the strategy explained in my post, you will have maximized profits. The issues depend on cost of production. Moreover, this may be a lesson in the real world of business as everything comes with quality, models, and price. It is definitely around 1.2 though and I recommend starting off with this value. Furthermore, G-Brand will continue focus on what we are top leading like S/Q, models, strong advertising, retailer support, celebrities. Like I explained in my blog post, do everything that is necessary to increase and maximize your net profits. If you have any questions, suggestions, or comments feel free to comment and I will do my best to help you out. Besides, you dont have to spend more on high-quality materials. I would definitely increase your S/Q rating to 8* and lower your models to 50 (this should be the lowest you can go if I remember correctly). In the last section of the Plant Capacity / Upgrades decision page, you can construct a new plant in either of the two regions where you do not have a plant yet or you can build additional capacity to your N.A. ? 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). You can win the game if you follow the High quality and the Low number of models. Hello. Can GameStop Win (In The Long-Term)? Lessons For Digital - Forbes 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. Business Strategy Game Simulation Exactly. Annual leasing and maintenance fees of $1 million per distribution center/warehouse in each region Per. They have all changed by +2%, just as you plugged it in. Same for your superior material. For further explanation, please read my blog post. Thats a game changer!! However, if you loose and the share price will go down. More than two groups following the same strategy suffer the same difficulties since they create direct competition among their target market. The Strategy Business Game learned all aspects such as production, distribution, sales forecasting, finance, marketing, celebrity endorsements, private label operations, corporate .
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