Business strategy shoe game

You can allocate the amount to the markets you deem necessary. Evaluate the margin over direct costs to determine whether the market will be profitable based on the amount you are charging. Once you allocate the shoes to a region, buckle the superior materials and stylish features to make sure the price indicated for production cost is the lowest.

Above this price, you may not sell one shoe. Pay off your outstanding debt, issue stock, repurchase stock and give bonuses to shareholders. No matter how small it starts, always give a dividend and increase the rate as the game moves on.

Should the need to buy capacity arise, always consider issuing stock as opposed to taking loans. Now, you know how to win the BSG online. Opting for the high-quality strategy allows you to charge more per shoes to increase your profit margins, thus winning your game. Equally, you can opt for the low price strategies, but you will have to sell tons of shoes to accrue enough revenues to increase profitability.

Whichever way you choose, the end winning will justify the means! These actions of the company will show corporate citizenship and its practice of operating the business in a manner that is socially responsible for about years. Corporate Citizenship Even though corporate citizenship is associated with wastage of money, you can still increase your image rating if you pick some of the options therein. Plant Capacity Thoughtfully, decide your plan for setting up a plant capacity.

Branded Distribution When it comes to the distribution of branded shoes, make sure you have typed or labelled the number of boxes you want to distribute to each region. Private Label The private label market can be a good estimator of what each team is up to. Some useful tips on Private Label If there is no one else engaged in the private label market, price your shoes high. If the private label market is competitive, price your shoes under everyone. Take the entire market share in every region or your selected region by simply under-pricing everyone else.

Financial and Cash Flow Pay off your outstanding debt, issue stock, repurchase stock and give bonuses to shareholders. How to Write a Cover Letter. Registration ensures that your work will be reported to your instructor or game administrator for evaluation and grading. Your registration is valid until the course you are enrolled in is over. Built-in Help 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.

The marketplace is worldwide—production and sales activities can be pursued in North America, Latin America, Europe-Africa, and Asia Pacific There are 12 market segments—4 geographic segments each for branded footwear sales to retailers…. There was very good competition as a result we obtained a fifth place in the industry, the next report will detail our decisions over the ten periods of play, analyzing the different financial ratios.

Overview Looking back over the last 5 weeks of the Business Strategy Game there were several areas where Company Emergent could have improved and did very well. In addition, recommendations for improvement are provided should the game be played again. I choose to start the business from the beginning by renting an office in Turkey, and that is because it has a strategic location geographically as a country between….