- Teamwork. Collaboration is core to winning the Business Strategy Game. …
- Be Professional When Starting the Game. Each player will engage the start differently. …
- Social Responsibility. Can social responsibility help with my BSG? …
- Improving Image Rating. …
- Improve the ROE, EPS, and Stock Price.
How does the BSG game work?
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
. Company operations parallel those of actual athletic footwear companies.
How does BSG increase net profit?
Answer: To increase your company’s net income you should focus
on improving your bottom line
as well as your top line, try to trim labor, materials, warehouse, and delivery expenses.
How do you do the 3 year strategic plan BSG?
- Stating a strategic vision for your company.
- Establishing objectives for EPS, ROE, credit rating, image rating, and stock price appreciation each of the next three years.
- Declaring what competitive strategy your company intends to pursue.
How do you win business simulations?
The best way to win business simulations is by
understanding the impacts of marketing, research and development, coordination, logistics and finance and leave thinking in silos behind
. It is the unity of the diverse thinking process that takes you forward.
How does BSG increase return on equity?
One way to boost ROE is
to pursue actions that will raise net profits
(the numerator in the formula for calculating ROE). A second means of boosting ROE is to repurchase shares of stock, which has the effect of reducing shareholders’ equity investment in the company (the denominator in the ROE calculation).
Companies can raise their earnings per share
by simply buying back their own shares
, thus reducing the amount of outstanding stock. They need not increase their revenue at all. Some companies manipulate investors into thinking the company is growing more than it actually is by doing this.
How can I improve my credit rating BSG?
Borrow new loans and pay off current debts
, to increase Credit Rating.
What is a strategic vision statement?
A vision statement is
the anchor point of any strategic plan
. It outlines what an organization would like to ultimately achieve and gives purpose to the existence of the organization. A well-written vision statement should be short, simple, specific to your business, leave nothing open to interpretation.
What are strategies in business?
A strategy is
a long-term plan that you create for your company to reach the desired, future state you envision
. A strategy includes your company’s goals and objectives, the type of products/services that you plan to build, the customers who you want to sell to and the markets that you serve to make profits.
What is S Q rating in BSG?
The patented styling/quality (SQ) rating of
the business in every geographic area
.
The market share of the private label and patented footwear associated with each of the four geographic areas stated
in the BSG game.
What do you learn in business simulation?
Business simulations are a hands-on, interactive learning experience that allow participants to truly engage in the material. Instead of focusing on theoretical knowledge like in a typical classroom, participants
build skills, improve conceptual knowledge
, and gain a big picture view of the organization all at once.
What is a good return on equity?
Usage. ROE is especially used for comparing the performance of companies in the same industry. As with return on capital, a ROE is a measure of management’s ability to generate income from the equity available to it. ROEs of
15–20%
are generally considered good.
How do you increase return on equity?
- Use more financial leverage. Companies can finance themselves with debt and equity capital. …
- Increase profit margins. …
- Improve asset turnover. …
- Distribute idle cash. …
- Lower taxes.
How do you win the BSG 2021?
- Teamwork. Collaboration is core to winning the Business Strategy Game. …
- Be Professional When Starting the Game. Each player will engage the start differently. …
- Social Responsibility. Can social responsibility help with my BSG? …
- Improving Image Rating. …
- Improve the ROE, EPS, and Stock Price.
