1. 5 Top BSG Tips From The Free Business Strategy Game Tips Guide At WinBSGOnline.com
2. Always check for price elasticity. The Business Strategy Game uses ranges to compute price & demand instead of a fluid curve. 1.Check for Price Elasticity Visit WinBSGOnline.com For Your FREE Tips Guide
3. Example: • If you predict the industry average of shoes prices in North America to be 50 dollars, The Business Strategy Game might compute that you will sell 3M pairs of shoes in NA between the price of $49.00 and $51.00 dollars. 1.Check for Price Elasticity Visit WinBSGOnline.com For Your FREE Tips Guide
4. So how do I implement this? • Just set your forecasts and then test slightly higher price points on the wholesale distribution screen to make sure your not missing out on additional profit. 1.Check for Price Elasticity Visit WinBSGOnline.com For Your FREE Tips Guide
5. A few caveats: 1. The range becomes wider as the SQ & model number strategies of teams deviate more. 2. This normally happens the most intensely during the later stages of the game. 1.Check for Price Elasticity Visit WinBSGOnline.com For Your FREE Tips Guide
6. Buying back stock is one of the only “tips” you can do in the game that will instantly guarantee you a higher score because it increases almost every metric you’re graded on 1. Increases your EPS dramatically 2. Increases your ROE dramatically 3. You can pay a higher dividend for less cash 4. Your stock price shoots up because of your higher EPS, ROE & dividends. 2.Buy Back Stock Early Visit
Business Strategy Game 5 Tips & Strategies by 1. 5 Top BSG Tips From The Free Business Strategy Game Tips Guide At WinBSGOnline.com 2. Always check for price elasticity. The Business Strategy Game uses ranges to compute price & demand instead of a fluid curve. 1.Check for Price Elasticity Visit WinBSGOnline.com For Your FREE Tips Guide 3. Example: • If you predict the industry average of shoes prices in North America to be 50 dollars, The Business Strategy Game might compute that you will sell 3M pairs of shoes in NA between the price of $49.00 and $51.00 dollars. 1.Check for Price Elasticity Visit WinBSGOnline.com For Your FREE Tips Guide 4. So how do I implement this? • Just set your forecasts and then test slightly higher price points on the wholesale distribution screen to make sure your not missing out on additional profit. 1.Check for Price Elasticity Visit WinBSGOnline.com For Your FREE Tips Guide 5. A few caveats: 1. The range becomes wider as the SQ & model number strategies of teams deviate more. 2. This normally happens the most intensely during the later stages of the game. 1.Check for Price Elasticity Visit WinBSGOnline.com For Your FREE Tips Guide 6. Buying back stock is one of the only “tips” you can do in the game that will instantly guarantee you a higher score because it increases almost every metric you’re graded on 1. Increases your EPS dramatically 2. Increases your ROE dramatically 3. You can pay a higher dividend for less cash 4. Your stock price shoots up because of your higher EPS, ROE & dividends. 2.Buy Back Stock Early Visit
Lesson #1: Any strategy can win the game
Reality: Any strategy can win the game, as long as it is a low cost strategy.
It’s a nice sentiment to tell participants at the start of the game that there are many possible strategies and any well-played strategy can win. However I did not find that to be the case. The goal is to maximize profits (and have a decent degree of quality); however to maximize profits you need market share, and to get market share you need advertising.
