business strategy game distribution and warehouse

Hence, keep track of the industrys internet price and how it changes. $50.66 but $50.67 gives you higher profits, go for the higher prices. Can you tell us more about the strategy you had ? Beat the Business Strategy Game. Sure, you can ask anytime Thank you, Fin! 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. Moreover, consider the best margin for this market and ensure you can have the contract. This is the key to affect our strategy in the next five years. Hello. 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. Toward that end, it put in place responsible environmental policy that ensures more decisions for community. If Im wrong, Ill post another comment. We are doing well, so Stock Price is high too, over 120, we will buy back some with extra money, cash in hand of G-Brand will be over 150 million every years. Otherwise you will not sell any shoe either. We need to keep continue going up to expand and to create new markets. 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. While your regional sales volume for the internet segment is a good estimate, the estimates for the wholesale segments are not. Do not price your shoes too low, so that you will not make any profits with your sales. 1. This would leave you with a bunch of shoes unsold. Results in a one-time productivity increase of 100 pairs per year at each facility. Hence, make sure to plug in every possible value to reach the highest net profit possible. We will keep the largest market shares in Internet Sales. However, the challenge is in crafting and executing a competitive strategy that delivers a respected brand image, keeping the company in contention for an international market leader, produce a good financial performance as that is measured by the earnings per share, return per share, return on investment, stock price appreciation, and credit rating. When you found the best combination to produce your shoes at the lowest cost possible while meeting the S/Q rating requirement, move to the Private-Label Bids section. And I would not build another plant, rather increase capacity in the plants that you already built. 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! For example, a WMS can: Strategies, decision screens, reports and tests. So, should I decrease pay dividends here to $0.15? The company operations run parallel to those of actual athletic footwear companies. Hence, it should be your goal to price your shoes lower than everyone else and take their market share so that other companies will not sell any private-label shoe in this region. For only $35, get instant access to the Business Strategy Game Guide. It is all about trying out all possible combinations. This means, you decide about the S/Q Rating of your branded pairs produced and your compensation and training for your employees. So for our strategy, it should be 7 stars at the beginning. After you have done this, you might notice that your Your Estimate of the Ind. 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. Over the next five years, G-Brand will pursue strategies that will help it improve its financial bottom line, especially ROE because the company has quite high Equity. Theres not right amount of capacity you should purchase. Please delete one if there is an extra comment. Furthermore, G-Brand will continue focus on what we are top leading like S/Q, models, strong advertising, retailer support, celebrities. Models Available weighted average Wholesale Wholesale Price to Retailers span Marketing Brand Advertising (5000 Decisions Mail-in Rebate 9 to $15 por part Delivery Time (1 to 4 wek delivery Retailer Support (50 to $10000 Retail Outlets witing to cry your brand Marketing variables de termined by prior year Celebrity Appeal am creeper However, my net profit is still negative even after i have adjusted the private-label. However, the private-label market is set up the way that only a limited demand is given each year. Okay! Before you even start plugging in any numbers, it is important that you decide for a strategy to pursue for the game. We will work tirelessly to ensure that our shoes are within reach of purchasing and get the high quality shoes with very large selection. 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. In this blog post, I will run you through everything important that you have to know about the BSG and how to win it. I did not forget it, but we will take a look at it later. Exactly. The company operations run parallel to those of actual athletic footwear companies. Thank you so much! You can ignore the Internet Marketing and Wholesale Marketing pages because they will just reflect your internet and wholesale decisions that you already plugged in on the previous pages. 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. If you have beginning inventory from last year (you did not sell all your shoes), try and use the Inventory Clearance option in the lower half of the page. First, click on the Adjust Competitive Intensity button that can be found on the top middle of the page. This way, you will save more money while getting a high S/Q. You are playing the BSG but do not want to read the 35-page Players Manual? Hello. So I run into problem again! I usually go ahead and plug in whole dollar amounts for the wholesale price and see how net profit changes. In Y12, I paid early payment 12,000k at 8.5% and continued borrowing 70,000k at 4.5% for 5-year). Higher Net Profit is a key to win the BSG Online Game. Another important indicator of profitability is the return on equity (ROE). . However, with effective BSG simulation tips, you can keep your company ahead of the competition. Your numbers might be a little bit off due to the reject rates. Also, I suggest not decreasing your dividends. Again, trying out different combinations and optimizing net profits is key for these values. if you have left over inventory, you should either work on your numbers as I described in my post or put the left-over shoes into private-label. 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). Team members run the simulation company efficiently while competing successfully. We will upgrade new factory in LA to produce top high quality shoes with C options an B for large quantity. Almost done, the last decision page. 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. In this section, you can upgrade your plants. From experience Id say tho that it is already too late to adjust to my strategy presented. We have good Cash in hand over 100 million each years. This is the case of iPhone or any other high end products are bringing values to customers such as cars and fashions. A window should pop up where you can select each of the four regions and change the industry average S/Q rating and competitive impact. Hence, try to keep your internet price at least 40% higher than your wholesale price. A warehouse management system (WMS) is a software solution that aims to simplify the complexity of managing a warehouse. Hi, Besides, you dont have to spend more on high-quality materials. Should you win, it would mean your tips are more favorable, and your competitors may learn from you. Q&A. What should I do for year 12 and 13? Regardless of what the other competitors do in Year 11, your focus should be winning. How can the company overcome tough competitors who seem to know most of the things you know? In the first years, the estimate of the industry average might be a little off the +2%. Hi Lee, The higher your celebrity endorsement value for a specific region, the more your advantage in attracting buyers to purchase your branded footwear. View Invitational Current Adopters of BSG Schools (campuses), institutions, and companies using BSG during the last 12 months. However, some values, such as the Wholesale Price have decreased instead of increased. Learn how your comment data is processed. Use the remaining 30% capacity to sell shows in private-label! Promise I wont have tons of question haha. 24.51 is low, we can reduce with good factory in AP so increase the margin to much higher. The BSG tends to underestimate those values by about 20% and hence, you need to correct them for a more precise estimate. If it is 0%, that is fine as well, do not worry about it. On the other hand, other players gamble for the private market with a high price, a large volume to lead. You basically determine and run the market. We get out of Year 17 with bad results in ROE because we expand too fast in that year. So your costs will be relatively low as well and the private label will be a very important factor of yours. The key factors need to be considers is Cost of Branded Pairs Sold, e.g. You can also win if you settle for Mid quality and a High number of models. in year 17-18-19 and 20). The world's most streamed artist Bad Bunny, a Puerto Rican rapper, alone claims 8.3 billion streams. Try and set it to Yes. I always went with 500 every second year, but it depends on your market and competitors. We will adjust collection online lower to 400 compared with 500 in stores. My question is what if I decreased the pay dividends to $0.15 from $1.00? It was set Pay Dividends $1.00, which turned out 20,000k in total. 7.39 to 12.81 over last three years, much higher than Investor Expectation of 4.3. Do you know why is that? These three strategies can help. This is probably the most important decision entry page in the game and you will be spending most of your time here. Wow, you are done! Market share is not crucial for your success in the BSG, but profit is. In my opinion, I believe the other teams are thinking on exploit the private label. Optimizations are the last task you can do before finalizing each year. In year 18, end of the game, G Company has more than 150 million Cash in hand, so we pay old loans to get A+ 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. at least one of the two teams has an S/Q of 8* and low prices so far (yes, they are in first place for now) what do you think we should do?. Hi Yvonne. Tips: We ship from NA to LA because no import tax or tariffs due to NAFTA (North American Free Trade Agreements) - The North American Free Trade Agreement, or NAFTA, is a three-country accord negotiated by . 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 dont 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? 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. and L.A. volumes and finally plug them into the NA manufacturing slot. On this page, you will set your values for your branded production. Hi there! However, after 3-4 years, your competitors will settle and changes will be more predictable. Set Models Offered to 50 and Free Shipping to No. To win BSG game simulation, you need to follow some ingenious tips that are essential business strategy game tips that your team should focus on: Business Strategy Game simulation isnt easy to win, but if you work with these ingenious tips, you can make profits and win your BSG game without a hassle. We will keep Expansion of Internet Sales, keep low-cost-strategy with Highest Values that customers can get Online. My friend and I walk through the simulation on how it works. However, with a reasonable price. With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. (Darius White) The business strategy was a very practical and real-world experience of what it is like to run a major corporation and the rigor it takes to increase earnings per share, return on equity, credit and image rating. With the Business Strategy Game, teams of students run an athletic footwear company in head-to-head competition against companies run by other class members.Company co-managers must make decisions relating to plant operations, distribution and warehouse operations, work force compensation, online sales at the company's web site, sales and marketing, and finance. Thats a relief. Hi, I am in a box where every move I make to lower cost or shift production lowers my EPS or credit rating. (Which affects all 5 factors: EPS, ROE, Image Rating, Credit Rating and Stock Prices). Do the same for your E-A and A-P volumes and plug them into the A-P manufacturing slot. I am currently dominating my industry, and closing in on the top 100 list! Let us move on to the tricky part of this decision page. Also, G-Brand believes that every organization has a social responsibility to promote harmony within the community it exists. The BSG company co-managers must make decisions relating to plant operations, distribution and warehouse operations, workforce compensation, marketing, online sales at the companys website, sales, and finance. From round 2, there is a risk that other groups can set the same strategy with the winner can be you. While those two values do not change your S/Q rating, they will change your net profits. 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. How can you apply the knowledge from the textbooks? 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. An ingenious business strategy for your team will help your team members to appreciate the significance of the strategy, identify the kinds of trade-offs needed, and demonstrating that with limited resources, not every project can be pursued. I will just adjust it first and see what happens, thanks a lot:). It almost worked TOO WELL. 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. How did your 2nd decision go? The two most important values you want to have as precisely estimated as possible are the industrys average wholesale price and S/Q rating. First, set your Number of Models to 50, as determined earlier at the Sales Forecast page. 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. When doing so, you have to plug in numbers for the assumptions section in the new window. G-Brand will continue to make all efforts to use good materials which environment friendly. You do not want that to happen, especially because your internet sales only account for a small percentage of your entire sales. That is overall good. The world economic trends are changing fast creating more necessities for the students to develop the ability to be flexible, expert, and adaptable. Now we learn from the game and be more knowledgeable in making business decision. Largest network of retailers around the world. Most days, you will spend your day walking, running errands for your business, and performing a multitude of tasks. 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. However, if done right, it is worth the time as it will yield the maximum profit possible and success in your industry. 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. In the later years, when the cost in NA is high, we have built a new factory in LA, we can ship from LA to NA (eg. 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. And you said I should only add capacity onto existing ones instead of building a new one in LA right? you should repurchase stock whenever you can. However, to be able to do so, you need available capacity. Moreover, the key is a rational debate with a compromise for everyone to understand why the decision is taken and commit to make it a success. 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. You want to setEthics Training / Enforcement to All Employees and Workforce Diversity Program to Yes.
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