business strategy game distribution and warehouse

You can either take out a 1-year, 5-year, or 10-year bank loan. On this screen, you can handle your financial decisions for your company. 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. Yes, I would definitely do plant upgrade option C! As such, your views and analysis of the information in the latest Company Reports, in Footwear Industry Report, and the Competitive Intelligence Reports will serve as the basis for agreeing upon any strategy changes or making a revised set of decisions for the following year. The Business Strategy Game Player's Guide 2 Welcome to the Online Edition of The Business Strategy Game. 11/4/2016 1/2 I . 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? The Business Strategy Game - Competing in a Global Marketplace as I described in my post, Id go with the low models, maximum profit strategy as it is easy to follow and you determine the market. 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. Hey!! 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. How can you apply the ancient wise in the Arts of War of Sun Tzu? Advantage of this is, that you dont have to pay too much attention to your competitors. Moreover, you can benefit from Business strategy game help where professional BSG players have many years of experience. G-Brand will continue to make all efforts to use good materials which environment friendly. Keep track of total Net Profit to have enough money to build new factory, or we can always borrow to do so. Logistics strategy as an enabler of new business models. Thats a game changer!! However, if you loose and the share price will go down. From round 2, there is a risk that other groups can set the same strategy with the winner can be you. If you demand for branded production is met, put everything else into private label to make sure you dont have unused capacity. Private label will help you dominate your competition. Hello. Build new factory in LA and upgrade to C and one more, may be D. Keep NA and LA for controlling Private Label, this year will also requires high S/Q so we have good advantages. 7.39 to 12.81 over last three years, much higher than Investor Expectation of 4.3. But the plant page did say not recommend to build the plant so I was hesitating. So, play around and find the best combination for your given S/Q rating that yields the highest net profit. Your interest rates depend on your credit rating and the duration of your loan. (Which affects all 5 factors: EPS, ROE, Image Rating, Credit Rating and Stock Prices). Regardless of what the other competitors do in Year 11, your focus should be winning. One option that you definitely want to purchase is Option C. Option C increases your S/Q rating by 1 star. This has been very useful. So, should I decrease pay dividends here to $0.15? 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. Two of the most important things to do here are analyzing your competition and optimizing your values. Which wholesale are you referring to? With that, you can do the same over and over again, for every decision round. Here is a chart again tho show you the process: If your regular production capacity is not sufficient, use overtime. For example, a WMS can: However, you must tie your values and settle for the best combination to optimize your net profit. Let me know if you have any more questions. 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 the governments of Canada, Mexico, and the United States that entered into force in January 1994. The key information form balance sheet is not just Total Cash outlays of 711,362 or Net Cash balance for every year. I wish you the best of luck for your game. Net Profit must over 110 million every year to keep ROE higher than 25% or more. What is the companys differentiation strategy? We will work tirelessly to ensure that our shoes are within reach of purchasing and get the high quality shoes with very large selection. So far I have only build a 1000 EA plant and additional 500 NA plant. Therefore, ensure your profit increases after every round to make the game better and for real business. If you have your AP price set to e.g. For this reason, you and your team members need to start the BSG by spending more time analyzing the results of each year to figure out the best effective strategies to lay for the next round of the game. The world's most streamed artist Bad Bunny, a Puerto Rican rapper, alone claims 8.3 billion streams. While they might boost your image rating, they will decrease your profit. You should pay attention that your S/Q Rating of Branded Pairs Produced matches your value on the Sales Forecast page. Strategic warehousing impacts all warehouse operations, from inventory management to order fulfillment. I only ever paid attention to my profits and I never ever sold capacity. 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. Q&A. This can make Net profit quite simple, if we produce 12.000.000 pair of shoes, we will get about 144 million Net Profit. Here, you will decide for how much your shoe is going to sell. On this page, you will set your values for your branded production. I am having trouble getting my company back into the positive ending cash after taking out a loan. Furthermore, I spent all my cash on hand for dividends and stock repurchase to increase my ROE and EPS as much as possible. Five ways that warehouse strategy can benefit your business include: Inventory Management Accuracy Price Stabilizing Tools Technology for Packing & Processing Locations that Meet Your Needs Outsourcing to Fulfillment Services Key pharmaceutical distribution warehouse questions to ask a 3PL. How can we apply the wisdom of strategies like Cao Cao to Professors Peter Drunker, Igor Ansoff, Philip Selznick, James Collins, Bruce Handerson, Michael Porter, and Alfred Chandler, among others? Okay. 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. Since youre only in the second year, I would honestly decrease your models to 50. But again, thanks! Authorize your construction and you save your decisions. However, the private-label market is set up the way that only a limited demand is given each year. The Business Strategy Game or BSG is a simulation game used by, different colleges for their Business capstone. These strategies are easy to see in the real world of business. The ROE in Year 18 is good back to 24,3% compared with Investor Expectation of 15%. This is the case of iPhone or any other high end products are bringing values to customers such as cars and fashions. congrats on your success! However, you should keep on thing in mind: Your internet price should ideally be 40% higher than your wholesale price. The cost of the game varies depending on the version and the number of players, but typically ranges from $50 to $100. If you tweak those numbers, your demand will adjust accordingly. Buy I have quite a lot ending cash. With our strategy, you might want to think about getting Option A as well. How can the company overcome tough competitors who seem to know most of the things you know? Business Strategy game year 11 Internet Marketing, I need to figure out the appropriate units in the boxes that are in blue for best case scenario Show transcribed image text Expert Answer Transcribed image text: I was thinking about building a LA plant because I took the majority of private label there last year. is it because I need to add capacity? We will get ROE higher soon, and faster than other competitors. Repurchasing stock will boost both your EPS and ROE. 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! Besides, you can lower the cost per pair of shoes. . When doing so, you have to plug in numbers for the assumptions section in the new window. Hello, thanks for the great strategy, it is working (1st place) ! 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. my advice would be to read my guide and follow the steps. I recommend building additional 1,000 capacity for the North American plant in the first year, if your cash balance allows it. Largest network of retailers around the world. I usually go ahead and plug in whole dollar amounts for the wholesale price and see how net profit changes. And profit is what the game is all about. We also learn that Loans from previous years may have higher interest rate, we can borrow new loans to pay off old debts, and get higher Credit Rating because we can pay loans. Set Models Offered to 50 and Free Shipping to No. Hi. The world economic trends are changing fast creating more necessities for the students to develop the ability to be flexible, expert, and adaptable. This requires an overhaul of teaching practices and learning techniques that cater to the changing economic trends. How can you apply the knowledge from the textbooks? 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. However, if you need a few points for the image, consider using the Corporate Citizenship but take note of the expenses. If you really need money, I would rather advise you to issue some of your stock. Helped me get to the second place! The Business Strategy Game is an online exercise where class members are divided into teams and assigned the task of running an athletic footwear company in head-to-head competition against companies managed by other class members. Increase from 3 to 6 activities to support society and environment. I have extra capacity in the LA plant (worst place to ship from to any place outside of LA) which I tried to sell off. In 2020 digital game sales outpaced physical sales for the first time. Otherwise you will not sell any shoe either. honestly i started with 150 models at 6 stars and went to 200 and 7 stars, 8 in private label. What I like about my strategy is that you do not necessarily have to keep an eye on your competitors. However, you can successfully apply most of the following tips to either strategy. Copyright 2023 | Powered by Top Academic Writers, Automated page speed optimizations for fast site performance, Leadership and Management Assignment Help. Looking at the North America column, you now have to plug in your values for Wholesale Price, S/Q Rating, Models Available, etc. $50.66 but $50.67 gives you higher profits, go for the higher prices. With our strategy in mind, I would recommend addition capacity to already existing plants rather than constructing a plant in a new region. It is definitely around 1.2 though and I recommend starting off with this value. Do this for all four regions. 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%. Never give up, we can always find a good way to improve a company, despite its position in a market. Thats one of the things you should never do because you can always use capacity. But strategy wise I always sticked to my maximum net profit strategy which you can do no matter your competitors strategy. Key Term business strategy game year 11 decisions; This preview shows page 1 - 2 out of 2 pages. Hence, try to keep your internet price at least 40% higher than your wholesale price. You are now done with all your decisions for the Corporate Citizenship decision page and should hit the Save Decisions button on the upper right-hand corner. In the upper right box, you can spend your excessive cash. Its a lot of trial and error until you find the best possible value and it takes a lot of time at the beginning. Market share is not crucial for your success in the BSG, but profit is. On this page, you will optimize your entries and toggle each value until your reach the maximum profit possible for each entry. We can check that before making decisions. I cant seem to find it. in years 13-14-15. What should I do in this case? I feel you. Can you tell us more about the strategy you had ? However, there are still some other voluntary decision that will prepare you for future decisions. From experience Id say tho that it is already too late to adjust to my strategy presented.

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