Here is everything real. Take your spaceship and go ahead! You have to win this battle for the life. Just the main thing is to decide who are you. Cylon or just a man. This is actually the main point. Travel through the space and defend your territory and yourself. Your mission is very important, that is why if you wanna to be the real hero, then do not waste your time and do something. NEVER do this. You need your capacity and it is never a good idea to sell your existing capacity.
If you find capacity available for purchase, I would always directly purchase it. In this section, you can upgrade your plants. One option that you definitely want to purchase is Option C. Especially with our high quality and low models strategy, this will be very beneficial and will safe you some money. I would recommend purchasing the upgrade for both of your plants within the first four years.
With our strategy, you might want to think about getting Option A as well. However, it is not necessary and Option C is definitely more effective. You can only do one upgrade at a time in each region and a total of two updates per region. With our strategy in mind, I would recommend addition capacity to already existing plants rather than constructing a plant in a new region.
I recommend building additional 1, capacity for the North American plant in the first year, if your cash balance allows it. When doing so, you have to plug in numbers for the assumptions section in the new window. Do not worry about those numbers, they will just show you whether your investment is profitable or not. It will be, trust me. It is best to build only as much capacity as you can afford without taking any loans. Authorize your construction and you save your decisions.
On this decision page, you can bid on celebrities. Celebrities will enhance your marketing efforts and help you sell more shoes. When contracting a celebrity, your advertising efforts in the Sales Forecast section should not be low. It makes sense; the more ads you run, the more your celebrity endorsement will be seen and the more effective it is. The higher your celebrity endorsement value for a specific region, the more your advantage in attracting buyers to purchase your branded footwear.
However, keep in mind that your regional endorsement value should not be higher than in any region. Otherwise, their endorsement effect declines.
I have experienced different behavior with bidding on celebrities. I would always encourage you to bid on available celebrities. However, with a reasonable price. If you bid on multiple celebrities, it is good to set a ranking priority and a spending cap so that you do not spend more money than you want or have available.
As always, do not forget to save your decisions after you are done. Almost done, the last decision page. On this screen, you can handle your financial decisions for your company. In the upper left box, you have available sources of additional cash. You can either take out a 1-year, 5-year, or year bank loan.
Your interest rates depend on your credit rating and the duration of your loan. However, I would recommend not taking out any loan if possible. If you really need money, I would rather advise you to issue some of your stock. In the upper right box, you can spend your excessive cash. When starting the BSG, you have two long-term loans; one for 5 years, the other one for 10 years. Paying off these loans in advance has the advantage that you will pay less interest over the coming years.
You can also pay dividends to your shareholders. Paying dividends will increase your stock price and your ROE. However, it will also decrease your ending cash. At the end, I increased dividends to boost my ROE. In addition, you have the option to repurchase your stock. It is usually best to repurchase stock at the beginning, when your stock prices are relatively low.
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. I prioritize building additional capacity and purchasing plant upgrades.
If you have more cash available, go ahead and spend it for either one of the other options. Do not sit on it. However, do not forget to calculate your possible additional expenses for your celebrities.
Wow, you are done! You are now all set to dominate your industry and win the BSG! You basically do the same thing over and over again, for every decision round.
It is important to toggle your values and find the best combination to maximize your net profit. Profit is the key to success in this 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.
I wish you the best of luck for your game. If you have any questions, suggestions, or comments feel free to comment and I will do my best to help you out. Hi, thanks for the great strategy! Do you have any suggestions? Is your strategy also works for my situation? Thanks a lot! The end result counts. 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. If you have your AP price set to e. Try out each and every value and note down the highest net profit values.
If you found your highest value for the best net profit, move on to the next value and do the same. But it is definitely worth it.
I hope that helps and good luck! Thank you so much for your reply! And he also purchase capacity in the first year but no advertising expenses. So I doubt on his strategy. The decision is due tonight I am so nervous but the performance score so far looks good. Hi Lee, When I played the game, I barely looked at what my competitors were doing. I mainly looked at what they were doing in the private label sector.
I would still go for the 50 models and make sure to buy or build capacity so you have enough for your private label. Set your price to whatever maximizes your profits. But do whatever is necessary to maximize your profits. Thank you so much for your suggestion! Definitely helps!
If I have further questions do you mind I ask you for help? But again, thanks! Thanks for your strategy! Helped me get to the second place!
My direct competitor is now selling 8 stars with more than models in wholesale so I think i will be at a even better position selling 50 models. But my profit is still a little bit low for a second place, guess my price is too low and I need to cut some of my expenses, right? Sounds good, congrats! Like I explained in my blog post, do everything that is necessary to increase and maximize your net profits.
Same for your superior material. I will just adjust it first and see what happens, thanks a lot:. Yeah I had that in the first weeks as well. I now have another question about capacity. Thank you! And I would not build another plant, rather increase capacity in the plants that you already built.
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. I was thinking about building a LA plant because I took the majority of private label there last year. But the plant page did say not recommend to build the plant so I was hesitating.
Yeah I will hold on to that for now. 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? Hi there! So I run into problem again! Entering year 15 I am still doing 8 star but the demand forecast is super low.
However, my net profit is still negative even after i have adjusted the private-label. I cannot make any money there. Buy I have quite a lot ending cash. Do you know why is that? Thank you so much! Like I said before, you should be building capacity, yes.
Because with more capacity, you can offer more pairs in private label and dominate the market there. More capacity also brings down your costs. And you said I should only add capacity onto existing ones instead of building a new one in LA right? Sorry for the late reply.. Been starting my new job and working a lot lately. Yes, I would only add capacity onto existing plants and not build new plants. And then I would just follow my tips and adjust all other values to maximize profits.
Hello, thanks for the great strategy, it is working 1st place! We are reaching the last decision round and would like some hints on how to boost net profits for the last year and gain some extra points.
Thank you in advance! Your registration is valid until the course you are enrolled in is over. Built-in Help and Video Tutorials screens walk you through the decisions. A series of reports convey complete results for each decision period; these come with detailed descriptions of the numbers and graphics contained in the reports and how to use them.
Only registered participants can log-in to make decisions, review results, take the online quizzes, do peer evaluations, receive instructor e-mails generated within the The Business Strategy Game software, and have their work evaluated and graded by the course instructor or game administrator. There are also occasions when all company co-managers will want to be online simultaneously at their own PCs. This online edition of The Business Strategy Game automatically records and reports your quiz scores, your peer evaluations of co-managers, and your log-ins to your instructor.
The Business Strategy Game is a hands-on learning exercise that draws together the information and lessons of prior courses, consolidates your knowledge about the different aspects of running a company, builds your confidence in analyzing the revenue-cost-profit economics of a business, helps you understand how the functional pieces of a business fit together, provides valuable practice in crafting profitable growth strategies, sharpens your business judgment, and provides a capstone for your business school education.
You will gain some useful experience and practice in assessing business risk, analyzing industry and competitive conditions, making decisions from a companywide perspective, thinking strategically about a company's market position and the kinds of actions it will take to improve it, developing strategies and revising them in light of changing conditions, and applying what you have learned in business school.
The bottom line is that The Business Strategy Game adds value by strengthening your preparation for a career in business and management. Further, we predict that The Business Strategy Game will make your competitive juices flow and that you will have a lot of fun.
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