FREE HOW TO GLO-BUS GUIDE: https://mailchi.mp/80a284328d82/how-to-glo-bus-step-by-step-instructions QUESTIONS? send me an email here: business.simulation.coach@gmail.com
(I like questions - the more the better)
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FREE SPREADSHEET: https://mailchi.mp/44bff34feec5/competitive-assumptions-forecast-spreadsheet
FREE SHORT VERSION OF PARTICIPANTS GUIDE: https://mailchi.mp/aa1cc2da0ea3/glo-bus-participants-guide-summary-by-patrick-law
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WALKTHROUGH PLAYLIST: https://youtube.com/playlist?list=PLySErelNSwrfR7_esBRiwL78qCzFu8Hqc
STRATEGY PLAYLIST:
https://youtube.com/playlist?list=PLySErelNSwrdOF9PDTXWGEvp6s5bzCOSI
TIPS PLAYLIST:
https://youtube.com/playlist?list=PLySErelNSwrdiCKG4GGeLUMlOpAMdXIHS
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WHO AM I? We are MASTER Glo-Bus player with over 200+ top wins coaching students how to win the Global Business Simulation Game, including the Best Strategy International Glo-Bus competitions, multiple times. It would be a pleasure for me if you reached out by email. The more questions the better. With that feedback, I can refine the content of this channel (which I really want to do)! You can benefit from the better content - win/win! Just make sure you like the videos that are good, comment on what is confusing about the ones that are bad, and subscribe with notifications while you take this journey. I'm here for you.
WHY DO I DO THIS? In real life, I am a chemical engineer and investor living on a little island off the coast of some major world continent. I use my interaction with Glo-Bus, BSG, Stratsim, and other business simulation games (in addition to my real life business coaching) to enhance my investing practice. This is why asking more questions is better, because what students chronically don't know, I can use for arbitrage in the real markets! Ask MORE questions PLEASE!
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This video is about how to complete your Product Design decision entries in less than 5 minutes.
So one day, your boss comes in an says to you. “HEY! I want you to design the company’s flagship products. One is an Action Capture Camera. The Other is a UAV Drone.
“But both of them must have a P/Q of 4.4! Can you do it?”
“so you dump out all of your decision entries out onto your desk. What a mess.
Very quickly, you realize that there are all kinds of ways to make a 4.4 PQ Camera.
You could build a 4.4 Performance / Quality or PQ rating with a 9mm Image Sensor and a 230k LCD Display Screen.
You could also get a 4.4 PQ rating by selecting a 10mm image sensor, and 7/4 photo modes.
Or a 430k LCD Display, with an 8mm Image Sensor Size
Or an absolutely top of the line Image Quality and change everything else around; as long as you have a PQ rating of 4.4, the boss is happy. Right?
So you go back to your boss with 100 different 4.4 PQ cameras and say “Which one of these camera designs do you want? They are all a PQ of 4.4 so the customer will like them all equally as well.”
“Yes. All of these designs will sell equally well, because they are all a PQ of 4.4. But the one that we want is the one with the lowest cost. Because that will give us the greatest profit.”
“So, all I have to do is make the Total Camera Production/Assembly Cost as small as possible?”
“As long as you keep the PQ constant.” [pause] “To summarize, your job, is to test all kind of combinations of decision entries, holding PQ constant, and find the lowest Total Camera Production/Assembly Cost. That is how we will make the most money on the Product Design Page.”
“So, which PQ do I pick?”
“We will go over that in another video.”
“Only when you have practiced and mastered this skill of finding the lowest Total Cost per unit for a given PQ, can move on to understanding which PQ to pick.”
If you like this content, please like it.
If you want the free Glo-Bus forecasting sheet to easily and correctly fill in those pesky red numbers at the bottom of the Marketing Pages, hit the link in the description.
https://mailchi.mp/44bff34feec5/competitive-assumptions-forecast-spreadsheet
