 |
| Elegant furniture at Good Brews |
A caveat about this blog--there very well could be other decisions and strategies that are effective in this game. I have no idea if it's possible to run a bargain-basement coffee shop and be as profitable as we were. It very well could be. But because we followed this strategy from the start, it's the only one I know worked. There are some areas in the game where you can adjust your strategies, change tactics and compare the results, but there are some where you have to choose a road to follow, and you don't get to explore the road not taken.
I'll say this much, though--in our game, the teams that went up-market and charged premium prices sold more cups and earned far more revenue than the teams that went down-market.
Start strong to finish strong
 |
| Cumulative net income for the top 4 teams in our game. The top two teams did $2k better in week 1 net income. That gap just got wider. |
In our market, there were two shops that did significantly better than the rest during week 1 (we were one of them), and from then on, it was a two-horse race. The third-place team finished week 1 $2,800 behind. That means they would have needed to out-earn the first-place team by $2,800 the next week to catch up.
If you're not out-earning the first place team, you're falling farther behind.
Good teams learn from their mistakes, and therefore continuously improve. I'm also guessing that there are customer loyalty and word-of-mouth factors built into the simulation, possibly a function of brand awareness and customer satisfaction. This rewards the successful teams; the rich get richer. So it's very important to start strong.
Branding
Now, in our game, it didn't end up mattering what you named your shop, or if you made a logo and created ads, but I didn't know this at the start, so I figured: if the game gives you the option of doing it, do it. You never know what matters. Following are the logo (two variations), cup design, and ad I created.
Given that this game is played in business classes, you're probably going to get a better grade if you take branding seriously. In my class, at the end of the semester, we had to do Dragon's Den-style pitches, asking for investment in our business, and it helped my pitch to show that I had thoughtfully created a brand image that suited our offerings. Also, there was an award for the team who created the best logo (another team won that). So I'm glad I invested a few hours in developing creative.
Given that this game is played in business classes, you're probably going to get a better grade if you take branding seriously. In my class, at the end of the semester, we had to do Dragon's Den-style pitches, asking for investment in our business, and it helped my pitch to show that I had thoughtfully created a brand image that suited our offerings. Also, there was an award for the team who created the best logo (another team won that). So I'm glad I invested a few hours in developing creative.
------
******
******
********
STRATSIM,
stratsim marketing,
stratsim guide,
stratsim tips,
free support,
free excel file,
round 1,
round 2,
stratsim 2022,
stratsim 2023,
2022,
2023,
------
STRATSIM 150
Stratsim,
stratsim marketing,
stratsim guide,
stratsim tips,
free support,
free excel file,
round 1,
round 2,
stratsim 2022,
stratsim 2023,
2022,
2023
FREE SUPPORT FOR 2 ROUNDS
Email: StratsimGuide@gmail.com
Blog: StratsimGuide.Blogspot.com
------
STRATSIM 500
------
Stratsim,
stratsim marketing,
stratsim guide,
stratsim tips,
guide,
tips,
the best guide,
the best tips,
free support,
free excel file,
round 1,
round 2,
stratsim 2022,
stratsim 2023,
2022,
2023,
2024,
2025,
2026,
stratsim management,
stratsim marketing,
management,
marketing,
cheats,
solution,
stratsim simulation,
stratsim reddit,
stratsim blogger,
firm a,
firm b,
firm c,
firm d,
firm e,
how to win stratsim,
------
stratsim management firm a,
stratsim marketing plan,
stratsim firm b,
stratsim marketing tips,
stratsim cheat sheet,
stratsim management help,
stratsim management firm a,
stratsim cheat sheet,
stratsim management help,
stratsim marketing plan,
stratsim management car simulation tips,
stratsim marketing reddit,
stratsim firm b,
stratsim marketing tips,
car,
------
INTERPRETIVE,
interpretive,
simulation,
simulations,
managemnt,
marketing,
strategy,
management simulation,
marketing simulation,
strategy simulation,
management simulations,
marketing simulations,
strategy simulations,
------
bizcafe,
entrepreneur,
hrmanagement,
airlines,
stratsim management,
newshoes,
pharmasim,
stratsim marketing,
country manager,
marketshare,
corporation,
------
BIZCAFE GUIDE
------
bizcafe,
bizcafe simulation,
how to win bizcafe,
Bizcafe simulation,
bizcafe round 1,
bizcafe round 2,
bizcafe week 1 decisions,
biz cafe manual,
Interpretive simulations,
bizcafe expansion,
biz cafe business plan,
bizcafe simulation,
how to win,
reddit,
blogspot,
Bizcafe simulation,
bizcafe simulation reddit,
bizcafe week 1 decisions,
bizcafe pricing,
bizcafe cup sizes,
biz cafe,
free excel file,
bizcafe guide,
bizcafe tips,
bizcafe help,
------
BizCafe Interpretive Simulation,
------
bizcafe,
bizcafe guide,
bizcafe tips,
bizcafe simulation,
bizcafe simulation guide,
bizcafe simulation tips,
entrepreneur,
entrepreneur guide,
entrepreneur tips,
entrepreneur simulation,
entrepreneur simulation guide,
entrepreneur simulation tips,
hrmanagement,
hrmanagement guide,
hrmanagement tips,
hrmanagement simulation,
hrmanagement simulation guide,
hrmanagement simulation tips,
airlines,
airlines guide,
airlines tips,
airlines simulation guide,
airlines simulation tips,
airlines,
stratsim management,
stratsim management guide,
stratsim management tips,
stratsim management,
stratsim management simulation guide,
stratsim management simulation tips,
newshoes,
newshoes guide,
newshoes tips,
newshoes,
newshoes simulation guide,
newshoes simulation tips,
pharmasim,
pharmasim guide,
pharmasim tips,
pharmasim,
pharmasim simulation guide,
pharmasim simulation tips,
stratsim marketing,
stratsim marketing guide,
stratsim marketing tips,
stratsim marketing,
stratsim marketing simulation guide,
stratsim marketing simulation tips,
country manager,
country manager guide,
country manager tips,
country manager,
country manager simulation guide,
country manager simulation tips,
marketshare,
marketshare guide,
marketshare tips,
marketshare,
marketshare simulation guide,
marketshare simulation tips,
corporation,
corporation guide,
corporation tips,
corporation,
corporation simulation guide,
corporation simulation tips,
------
interpretive country manager guide,
CountryManager,
International Marketing Simulation,
COUNTRY MANAGER SIMULATION,
CountryManager: Analyzing Performance,
country manager simulation how to win reddit,
country manager simulation asia,
interpretive simulations answers,
how to win country manager simulation,
country manager simulation latin america solutions,
country manager simulation guide,
country manager simulation allsmile latin america,
country manager simulation reddit,
country manager simulation,
how to win,
reddit,
blogger,
blogspot,
country manager simulation,
asia,
interpretive simulations answers,
how to win country manager simulation,
country manager simulation,
latin america solutions,
country manager simulation guide,
country manager simulation allsmile latin america,
country manager simulation,
------
interpretive stratsim marketing guide,
StratSimMarketing,
Marketing Strategy simulation,
StratSimManagement,
Strategic Management Simulation,
StratSim Walk Through,
StratSim Marketing,
Car simulation,
How to win,
StratSim Marketing,
Marketing Strategy Simulation,
how to win stratsim firm b,
stratsim marketing answers
stratsim marketing simulation,
stratsim management firm a,
how to increase firm preference in stratsim,
interpretive simulations answers,
stratsim marketing reddit,
stratsim marketing cheats,
------
StratSimManagement,
Strategic Management Simulation,
how to win stratsim firm b,
stratsim management firm a,
interpretive simulations answers,
stratsim marketing answers,
stratsim management cheats,
stratsim management car simulation tips,
stratsim management help,
stratsim marketing simulation,
------
interpretive newshoes simulation guide,
NewShoes,
Introduction to Marketing Simulation,
New Shoes Marketing Simulation,
New Shoes Simulation Analysis,
New Shoes Marketing Simulation,
new shoes simulation answers,
Interpretive simulations,
new shoes simulation final paper,
interpretive simulations answers,
new shoes simulation marketing plan,
how to win marketing simulation game,
new shoes marketing plan,
Pharmasim,
------
interpretive marketshare simulation guide,
MarketShare,
Marketing Principles Simulation,
marketing simulation tips,
interpretive simulation how to win,
business simulations,
market share simulation allround answers,
interpretive simulations answers,
interpretive simulations hr management,
bizcafe simulation,
interpretive simulations airline,
******
******
------
BizCafe Simulation Guide
Update Guide and Tips to Win BizCafe Simulation
For personal support
FREE Support for Rouund 1 and Round 2
Emaiil: bizcafeguide@gmail.com
Blog: https://bizcafeguide.blogspot.com/
No comments:
Post a Comment