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Revision Quiz - Globalisation

Saturday, May 10, 2014

Try these ten MCQs on the topic of globalisation.

Launch Revision Quiz - Globalisation

FIAT or FIAL?

Friday, May 09, 2014

FIAT is synonymous with the city of Turin, (Fabbrica Italiana Automobili Torino), but today it announced that its corporate HQ would be in London.

Fabbrica Italiana Automobili Londra doesn't have quite the same ring. 

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Replicating the stress of an exam to show the importance of planning.

“If I had 8 hours to cut down a tree, I’d spend 6 hours sharpening my axe”

Abraham Lincoln

“The battle is won before the battle is fought”

                                                                           Sun Tzu

“Time spent thinking about how to approach a particular question and ensuring the response stays focused is time well spent”

                                         AQA Business Studies Moderator

Despite these wise words, it would appear, based on in-depth research from my classes and the 1000s of A2 students from the BUSS4 Revision workshops, that most students do not spend time planning their answers. Their reason is invariably “I don’t have time”.

To dispel this myth I did the following; I asked a student to stand at the front of the class and gave him 30 seconds to answer an on-the-spot business studies question “Analyse the benefits of operating in niche market”. After lots of nervous umming-and-ahhing, the brave students managed to score one mark before the time was up.

I then gave him 30 seconds to plan an answer to the same question. He came back strong and gave a fantastic 6 mark answer! Conclusive, empirical, irrefutable evidence (sort of) that a small amount of time invested in planning in the short term will reap great benefits in the long term.

I wish you all the very best for the next month!

BUSS1 Revision - True / False Challenge (1)

Try these 20 true/false questions for the non-financial elements of the BUSS1 specification:

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Exam Technique: Balloon Analysis!

This is an old technique I used with my students to demonstrate good analysis. It is simple and only involves one thing;  blowing up a balloon.

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‘BLT’ please with some ‘such as’ seasoning - Developing Exam Skills

Thursday, May 08, 2014

On Tuesday and Wednesday the tutor2u team were in Birmingham and London delivering our Edexcel and AQA GCSE exam coaching workshops. Two amazing days with fantastic students and teachers.

Whilst delivering the AQA sessions we discussed with the students a simple strategy to help them develop their answers further. This technique can be applied equally to A Level. The technique is BLT. Now, to many people a BLT is a bacon, lettuce and tomato sandwich. To me, it is key to exam success. BLT stands for:

  1. Because
  2. Leading to
  3. Therefore (resulting in, leading to etc)

How does this work in practice? Take the following question:

Explain one way in which John could reduce the risk of setting up his own business

One way in which John could reduce the risk of setting up his own business is to form a limited company. This would reduce the risk Because it would give John unlimited liability Leading to Johns liability being limited to the amount that he has invested. Therefore, if the business failed he wouldn't risk losing his own personal possessions due to the protection of limited liability.

'Such as seasoning' is a way to help students be in context. Many students use terms like 'raw materials' and variable costs' in their answers (for example, when looking at ways in which a business can reduce costs). Take the example below in relation to how Vue cinemas could increase their profits.

One way in which view cinemas could increase their profits is by reducing their costs, such as popcorn. This is because if Vue bought cheaper popcorn it would lead to a reduction in their variable costs and therefore lead to an increase in their profit margins.

Simples

The Biz Quiz - 8 May 2014

There is still time to try The Biz Quiz - even though we#re moving into the exam season! Have a go!

Launch The Biz Quiz - 8 May 2014

Download printable version

Download teacher solution

The Co-Op SWOT or Pest

Wednesday, May 07, 2014

The Co-Op's banking operation was held up to be a model for other banks to follow by Ed Miliband in 2012. Six months ago The Queen opened the Co-Op group's new eco friendly offices in Manchester. What could possibly go wrong?

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JLR, Lady Gaga and Abu Dhabi go Galactic!

Monday, May 05, 2014

Virgin Galactic is Richard Branson's dream to provide suborbital space flights to space tourists by 2015, and it provides a wealth of Business Studies concepts for AS and A2.

Firstly, the premium price of £150,000 to £250,000 (the cost of decent Rolls Royce to you or me) means it has a very specific target market; over 700 space tourists have signed up, with one third from America (the other two thirds come from over 50 different countries), most are millionaire men in their 50s and are definitely not risk-averse. Akin to Branson, many stated the moon landing of 1969 as the reason for their purchase.

Lady Gaga

In her quest for a new USP, Lady Gaga will be swapping her meat suit for a space one and be first earthling to sing live from space, ensuring that she maintains her outlandish, cutting edge image.

JLR & Virgin

These 2 iconic British brands are expanding the empire, and for BUSS4 students, the long-term partnership between JLR and Virgin, with their “shared vision of pioneering spirit, technological innovation and sense of adventure”, provides information for almost every section of the specification.

The CNBC article focuses on the technological innovations in JLRs new concept SUV.

In this short video, Richard Branson discusses his dream and vision, how JLR will aid Virgin in creating a completely new market and, to show that it’s not all about profit and pride, he hopes it will inspire future generations to pursue careers in engineering and science.

Abu Dhabi and beyond

Finally, Abu Dhabi state-controlled investment fund paid $280 million for a 32% stake in the business, in return for "regional rights to launch Virgin Galactic tourism and scientific research space flights from the United Arab Emirates capital". It sees this as an Investment opportunity to progress from an international tourism hub, to an inter-galactic one, with this article suggesting Virgin space hotels in galaxies far far away!

Teaching Vacancy - Business & Economics at Freman College

An excellent opportunity here to join our good friends in the Business & Economics department at Freman College.

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BUSS4 2014: China Research Bullet 6 Overview

Sunday, May 04, 2014

This final research bullet overview focuses on the topic of how business strategy might be affected by developments in China.

We'll add to these notes over the coming days and weeks as we provide further support for BUSS4 here on the tutor2u Business Blog. Don't forget to follow tutor2u and tutor2u Business on Twitter so you can get first news of the latest resources to support your revision.

Also, don't forget to get hold of your BUSS4 and other AQA Business Revision Guides- essential support for the final stages of revision.

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BUSS4 2014: China Research Bullet 5 Overview

This introduction to and overview of the fifth research bullet for AQA BUSS4 2014 on China might be useful for students as they practice essay planning. The research bullet is on the ethical and environmental issues involved in trading with or operating in China.

We'll add to these notes over the coming days as we provide further support for BUSS4 here on the tutor2u Business Blog. Don't forget to follow tutor2u and tutor2u Business on Twitter so you can get first news of the latest resources to support your revision.

We also have a free online revision class for BUSS4 on our sister site Zondle - I've uploaded a series of revision quizzes on there which you can use to break up your revision and test your BUSS4 knowledge!

Also, don't forget to get hold of your BUSS4 and other AQA Business Revision Guides- essential support for the final stages of revision

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BUSS4 2014: China Research Bullet 4 Overview

These outline notes provide an overview of the fourth research bullet for BUSS4 China 2014 - the relative advantages and disadvantages of the ways in which businesses might operate in the Chinese market

We'll add to these notes over the coming days as we provide further support for BUSS4 here on the tutor2u Business Blog. Don't forget to follow tutor2u and tutor2u Business on Twitter so you can get first news of the latest resources to support your revision.

We also have a free online revision class for BUSS4 on our sister site Zondle - I've uploaded a series of revision quizzes on there which you can use to break up your revision and test your BUSS4 knowledge!

Also, don't forget to get hold of your BUSS4 and other AQA Business Revision Guides- essential support for the final stages of revision

read more...»

BUSS4 2014: China Research Bullet 3 Overview

Here are some introductory notes that focus on the third research point for BUSS4 China in 2014 - namely the factors affecting the success or failure of businesses trading with or operating in China

We'll add to these notes over the coming days as we provide further support for BUSS4 here on the tutor2u Business Blog. Don't forget to follow tutor2u and tutor2u Business on Twitter so you can get first news of the latest resources to support your revision.

We also have a free online revision class for BUSS4 on our sister site Zondle - I've uploaded a series of revision quizzes on there which you can use to break up your revision and test your BUSS4 knowledge!

Also, don't forget to get hold of your BUSS4 and other AQA Business Revision Guides - essential support for the final stages of revision

read more...»

BUSS4 2014: China Research Bullet 2 Overview

The notes below provide an introduction to the second research bullet for BUSS4 China 2014 - the risks and rewards involved in trading with or operating in China. 

We'll add to these notes over the coming days as we provide further support for BUSS4 here on the tutor2u Business Blog. Don't forget to follow tutor2u and tutor2u Business on Twitter so you can get first news of the latest resources to support your revision.

We also have a free online revision class for BUSS4 on our sister site Zondle - I've uploaded a series of revision quizzes on there which you can use to break up your revision and test your BUSS4 knowledge!

Also, don't forget to get hold of your BUSS4 and other AQA Business Revision Guides - essential support for the final stages of revision

read more...»

BUSS4 2014: China Research Bullet 1 Overview

Here is an overview of some key points and examples relating to the first research bullet point for BUSS4 China (2014) - The extent to which China creates opportunities and threats for businesses.

We'll add to these notes over the coming days as we provide further support for BUSS4 here on the tutor2u Business Blog. Don't forget to follow tutor2u and tutor2u Business on Twitter so you can get first news of the latest resources to support your revision.

We also have a free online revision class for BUSS4 on our sister site Zondle - I've uploaded a series of revision quizzes on there which you can use to break up your revision and test your BUSS4 knowledge!

Also, don't forget to get hold of your BUSS4 and other AQA Business Revision Guides - essential support for the final stages of revision

read more...»

BUSS4 China - True / False Challenge (1)

Here are 15 true/false questions which provide a fun way for BUSS4 students to test their knowledge of key features of the BUSS4 China research theme

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Revision Quiz - Breakeven Basics for AS Business

Here is a revision quiz that focuses on the basics of breakeven analysis - a core topic for business studies that is often poorly understood by students. Take the quiz as many times as you can until you get all the questions right!

A brief explanation of the answer to each question is provided underneath the quiz.

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BUSS3 Exam Technique - Appication: Appendices: Combining Data

Saturday, May 03, 2014

The appendices in BUSS3 are often the gateway to application and securing better grades. Time spend reading and analysing the appendices and the data presented really is time well spent.

Take the January 2012 paper on Scott Electronics. Here, the business was a manufacturer of mobile phones and pagers with a reputation for producing reliable, functional products. The business places little emphasis on innovation and preferred to make cheaper versions of the products its competitors were making and was only making modest profits. A new head of product development has joined the business and believes that the business needs to implement a strategy of innovation.

Question 1 asked students to 'analyse the possible issues that Scott Electronics PLC would have to consider if it is to implement a strategy of innovation'.

The key to success here was (as is often the case) in the appendices.

One way of scoring high marks for application is to combine information and data to form an argument. So, we can see from the above information (which was taken from the case study) that the business prefers to make cheaper versions of competitors products, placing little emphasis on innovation. This is a potential issue in following a strategy of innovation. However, if we look at the data in the appendices we can see that Scott Electronics only spends 1% of its revenue on R&D compared to the industry average of 10%. This information, combined with the previous information makes a much stronger argument.

Lets look at the start of two possible student answers:

'One issue that Scott Electronics PLC would have to consider if it is to implement a strategy of innovation is that it currently prefers to copy competitors products, placing little emphasis on innovation. This is a key issue for the business when implementing a strategy of innovation because.....................'

Here, the students has only used the information from the case study.

'One issue that Scott Electronics PLC would have to consider if it is to implement a strategy of innovation is that it currently prefers to copy competitors products, placing little emphasis on innovation. This can be seen in Appendix C where Scott Electronics currently only spends 1% of its revenue on R&D compared to the industry average of 10%. This is a key issue for the business when implementing a strategy of innovation because...................'

This student would score far higher application marks as they have combined data from within the case study and appendices.

In summary, before you make any argument, just look at the relevant appendices and see what information you can use to support your answer.

Factors influencing price… for grotty garages

Friday, May 02, 2014

A quickie but a goodie for the revision of price, supply and demand.

  1. Get students to guess the price paid for the garages in the picture above (click here for mind blowing answer). I suggest you offer a big prize for the right answer as none will guess correctly!
  2. Ask them to rank the many factors that influenced it (quality, location, competition, PED and economic environment all come into play),
  3. Get students to read the Metro Article and get them to decide on best method to ensure that the investment is a profitable one.

Hope it helps!

BUSS3 Exam Skills (Evaluation) - It depends on how you use depends

Thursday, May 01, 2014

“It depends on”. Three little words that can (sometimes) allow students to reach higher levels of evaluation.

However, the extent to which the use of these 3 words allows a student to achieve higher levels of evaluation really depends on how they use it.

Take this question from the recent AQA GCE BUSS3 exam in January 2012:

Do you think that the shareholders of Scott Electronics plc will be pleased with the company’s financial performance in 2011? You are encouraged to use calculations to support your answer.

Here, students could have calculated that the businesses dividend per share and dividend yield were both increasing. Yet, the dividend yield was still below the industry average.

So, in answering the question, do you think shareholders will be pleased with this? Well, it depends!

Students who simply say, well, it would depend on shareholders expectations would (in my opinion) not receive much (if any) credit for this. Why? Well, they have failed to explain why it depends on shareholders expecations.

A far better response would be:

‘It depends on shareholders expecations. For example, shareholders who are interested in a quick return may be disappointed about the fact that the dividend yield is still below the industry average. However, shareholders who take a more long term view..................................'

Here, we can see that they use of ‘it depends on’ is followed by an explanation of why. It is this why which attracts the marks, not simply the use of those 3 little words.

When using it depends on, think about why it depends on this…..

China’s exports losing low-cost advantages

Boston Consulting Group have produced a fascinating new report which investigates the competitiveness of the world's top 25 goods exporting nations. Their press release highlights significant changes in the world order over the last decade. The newly-minted BCG Global Manufacturing Cost-Competitiveness Index incorporates four factors: energy costs, productivity, wages and exchange rates. That analysis shows that Mexico now has lower manufacturing costs than China, while Brazil is now one of the highest-cost countries, and the UK is the cheapest location in western Europe.


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The Biz Quiz - 30 April 2014

Wednesday, April 30, 2014

The latest edition of the Biz Quiz is here. Good luck!

Launch The Biz Quiz - 30 April 2014

Download printable version

Download solution (teachers only)

Musings on Moyes - leadership, culture and change management.

Tuesday, April 29, 2014

So it seems two great passions - football and Business Studies - can be combined for Unit 4...at least something good came out of Moyes' reign!

 

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Financial analysis in the OCR F248 Flavoursome Food case study

Saturday, April 26, 2014

Have you got the right financial analysis skills to decide between the biodigester and the option of relocation?! The OCR F248 specification expects you to be able to use break even analysis, payback period and to interpret decision trees. This blog takes a quick look at Average Rate of Return (ARR), with a focus on a couple of points: costs would be involved with the biodigester since it “would require samples to be checked on a daily basis, as well as regular maintenance” (lines 113-114 of the case study). Furthermore, “at the end of its 20 year lifetime the biodigester would need to be replaced” (lines 118-119).

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China V India - Who will “emerge” victorious?

Friday, April 25, 2014

Hostile government, the threat of a financial meltdown, slowing growth, higher wages and an ageing population. Is China still the best option for foreign investment? 

Compare this to India's younger, cheaper workforce, more welcoming government and forecasted largest middle-class population by 2030.

To allow students to analyse and evaluate the benefits and drawbacks of investment in China , I've attached a research task based on India that gives key economic and demographic information, and looks at the "Indian strategies" for the following Tutor2u BUSS4 Top Ten businesses: JLR, Starbucks, KFC, Apple, Samsung and Ikea.

Good luck with the revision this term!

Developing AQA A Level Business Exam Skills - My Top Tips

We are now approaching the 'business end' of the year with modules literally 'in the post'.

With this in mind, here are a few of my top tips in relation to exam technique for BUSS1, BUSS2, BUSS3 and BUSS4:

(1) Keep to the time limit (minute per mark). This is especially crucial for BUSS2 which accounts for 60% of AS and 30% of the overall mark. Many students fail to complete the questions on the second case study on BUSS2 which severely restricts the grade you can achieve. The same can be said for BUSS3. Spending too long on the first 3 questions often means students fail to write a detailed conclusion for the 34 mark question which is worth an amazing 10 marks!

(2) 2 developed arguments are far better than writing 4 under-developed paragraphs. Knowledge only accounts for a small % of the total marks so it is crucial that you develop logical, coherent arguments examining causes and effects that link to the question

(3) Plan your answer for the longer mark questions. This is time well spent and will ensure a consistent and focused response

(4) On questions requiring an evaluation make sure you make a decision. This decision needs to be based on prior analysis. DO NOT bring in new lines of argument into your evaluation.

(5) When evaluating, make your decision, discuss your decision and draw on the most significant point that led you to this decision.

(6) Examiners are less interested in the decision you make than the amount of support you have given your decision. Make a decision and justify why you have made that decision

(7) For BUSS3 the data in the appendices offer you a route to good application. Combine the data in the appendices with information in the case study as a foundation for your arguments and you won't go far wrong

(8) Make good use of the case study. It is your friend. It has all the answers in it so its foolish not to refer to it

(9) Read points (1) to (9) again

(10) Read point 9 again!

Good luck smile

Teaching Vacancy - Teacher of Accounting at Franklin College

Thursday, April 24, 2014

An opportunity here to join the team at Franklin College to teach accounting! All the details below: please mention that you saw the opportunity on the tutor2u business blog!

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The value of failure

An item on the BBC website looks like a good source of revision about entrepreneurs and what drives them, and how they respond to failure. Eight high profile entrepreneurs, including Richard Branson, Richard Reed, Liz Earle and angel investor Dale Murray, talk about their biggest failures, and what they have learned from those - so offer plenty of opportunities for the vital Application which students can add to their exam answers. This could be useful for students sitting all four of the BUSS papers, as the examples cover a wide range of business topics, from dealing with suppliers to the risks of entering new markets, and from aspects of leadership to the best way of exiting a business.

The written article uses extracts from an edition of 'On the Money' which was broadcast on Radio 5 on Sunday - and available to listen to on i-player until Sunday 27th April.

Revision Classes on Zondle for BUSS1, BUSS2, BUSS3 and BUSS4

Saturday, April 19, 2014

We know that some students appreciate the opportunity for some extra and/or different revision support as they prepare for key summer exams.

As a trial, we've set up a series of revision classes on the tutor2u section of our sister company Zondle.

We'll add a series of key topic tests to these classes which students who are registered on Zondle (it's free!) can use as part of their exam revision.

We're not quite sure what the maximum number of students per class is (if there is a maximum) - so these classes are offered on a first-come, first served basis.

To join a class, first register as a student on Zondle and then enter the relevant class codes which are listed below.

To register for more than one class, follow these instructions

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Will Scottish independence deliver cheaper stamps?

This BBC News article discusses the cost savings Royal Mail PLC may experience should Scotland vote for independence on the 18th September 2014.

If Scotland became independent the Royal Mail (RM), whose universal service obligation demands that they deliver “at an affordable, uniform tariff across the UK”, would no longer service Scotland and its remote locations, including all the difficult to reach areas such as parts of the Highlands and the 94 inhabited islands. These locations have, in essence, been subsidised by income from Royal Mail's ‘easier to reach’ customers based throughout the UK, all of which pay the same price for their mail.

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Breaking Bad Performance through Strategic Alliance

Wednesday, April 16, 2014

No doubt like many of you, the bulk of this week (and last) has been spent attempting to get on top of my workload and capitalise upon the opportunity the Easter break has presented. Having said that, work and revision for the June papers is only optimised when effectively combined with an appropriate amount of rest and relaxation. For me that has mainly consisted of over-dosing on the hit TV series Breaking Bad.

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Teaching Vacancy - Business Studies at Suffolk One

Tuesday, April 15, 2014

Many thanks for the team at Suffolk One for alerting us to this exciting Business Studies teaching opportunity.

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TBBLE 2014

Updated: new dates added for Belfast (24 June 2014) and Manchester (27 June 2014)

TBBLE is our most popular business studies CPD programme - a CPD day packed full with innovative ways to motivate, engage and inspire business students. Simply not to be missed! 

TBBLE 2014 returned at the start of the year with yet another fantastic collection of brand new teaching & learning resources designed to engage business students and improve the effectiveness of learning for all business-related qualifications.

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AQA BUSS3 Revision Quizzes

Monday, April 14, 2014

The comprehensive collection of revision quizzes below are designed to support students preparing for AQA A2 Business Studies BUSS3 - Strategies for Success.

Don't forget that you can also top up your understanding and knowledge of BUSS3 topics by using our comprehensive series of BUSS3 revision presentations

Students can also improve their preparation for BUSS3 by getting hold of our AQA BUSS3 Revision Guide.

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AQA BUSS3 Revision Presentations

Links to the individual revision presentations for AQA A2 Business Studies BUSS3 are provided below.

Don't forget that you can also test your understanding and knowledge of BUSS3 topics by testing yourself against our comprehensive series of BUSS3 revision questions.

Students can also improve their preparation for BUSS3 by getting hold of our AQA BUSS3 Revision Guide.

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Revision Presentation - Customer Service

Sunday, April 13, 2014

This streamed revision presentation is designed to support students preparing for the customer service topic on AQA BUSS2 

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Breakeven Analysis - Quick Quiz

Here is a Zondle-powered topic which tests knowledge and understanding of the basics of breakeven analysis. The topic quiz keeps setting you the questions until you get them all right! Give it a go!

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AQA BUSS2 Revision Presentations

We have a series of streamed revision presentations on tutor2u to help students preparing for AQA BUSS2. Follow the links below to view each individual presentation.

You can also test your understanding of the BUSS2 topics covered by these presentations by trying these BUSS2 Revision Quizzes.

Don't forget you can also buy our BUSS2 Revision Guide which provides easy-to-use revision essentials for the core BUSS2 topics - just £5 from our online store.

We also run one-day intensive exam coaching and revision workshops for BUSS2. Details of the upcoming workshops can be found here.

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Quiz - Name the CEO

Can you name the CEOs listed in this 15-question Zondle topic? We've provided four different Zondle games to allow you to test your knowledge in different ways!

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Starbucks Quiz

Saturday, April 12, 2014

Try these 15 quiz questions on one of our favourite business case studies - Starbucks! 

These questions are delivered via our sister company Zondle! We've picked just three of the game formats for you to try!

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Meet Britain’s Best Business Leader - Harriet Green

Thursday, April 10, 2014

Students attending our BUSS4 exam coaching workshops will know that I'm a big fan of Harriet Green, the CEO who has done so much to lead the turnaround of Thomas Cook. In fact, I'd almost go as far as to say that Harriet Green is my favourite CEO. Except, of course, that there is Howard Schultz of Starbucks who has long held that position in my mind!

Nevertheless I highly recommend that business students take some time to learn more about the leadership and management style of Harriet Green who was awarded the Leader of the Year accolade at the 2013 National Business Awards.

Here are two articles which I think are pretty accessible to students wanting to undertake this research.

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Is Arrogance the Biggest Threat to Western Multinationals Succeeding in China?

What does it take for businesses outside China to now succeed in China given the substantial changes that have taken place in recent years in the competitive environment there?

This short opinion piece from Dr Edward Tse in the South China Morning Post suggests that arrogance (on behalf of Western multinationals) might be one of the most significant impediments to success.

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Xiaomi - An Essential Student Research Update from Bloomberg

This article on Bloomberg Business about Xiaomi is perfectly timed for teachers and students wanting to update and extend their research on one of the fastest-growing consumer electronics brands in the world.

Back in September 2013 we wrote at some length about the growth strategy at Xiaomi which many in the media have labelled the "Apple" of China (and its founder and CEO Lei Jun the "Steve Jobs of China"). That's a label he rejects, by the way

Earlier this year we reported on how Lei Jun had set quite a challenging new corporate objective for Xiaomi - to sell 40 million smartphones during 2014.

The Bloomberg article suggests that Xiaomi may already be well on the way to achieving and possibly exceeding the 40 million phone objective, particularly as it has started to sell very well outside of China (a recent launch in Singapore sold out in just minutes). There is talk of trying to sell 100 million phones in 2015! Now Lei Jun's sights are set on nearby emerging markets such as Thailand, Malaysia, Indonesia and Vietnam.

Why is Xiaomi succeeding against strong competition?

The article argues that the attraction of the Xiaomi product is both from a design AND price perspective:

"Xiaomi’s appeal: It offers the technology and style of Apple or Samsung at less than half the cost." it claims, and this is supported by some comments from Xiaomi customers.

The article also provides some important background information on Lei Jun who is described as being "a world-class entrepreneur with vision, leadership and ambition to really build up a global company".

The comparison towards the end of the article between Xiaomi and Apple is also well worth a read - top evidence for a compare and contrast point for BUSS4 students.

New A Level in Business - Revised Subject Content for Sept 2015

Wednesday, April 09, 2014

The Department for Education has today published details of the approved subject content for the new A Level in Business which will be taught for the first time in September 2015.

You can view and download this document below.

Each of the awarding bodies has been busy recently devising new qualifications for the new linear A Level Business and standalone AS Business qualifications. The approved subject content needs to be included in those specifications as described in the documents below. The awarding bodies then have some discretion about what additional content is included in their new specs which are likely to become available between June - September 2014.

For all the latest news about the new A Level Business specifications, please follow tutor2u and tutor2uBusiness on Twitter and add your details to our Business Teacher Resource Newsletter

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China’s focus on Innovation, not Imitation

Monday, April 07, 2014

A great BBC article and video highlighting why China’s domestic mobile phone companies are now the greatest threat to Apple and Samsung’s success.

The extracts below will add weight to any argument that foreign mobile companies will struggle to succeed in the Chinese market.

  • Shenzhen, once a fishing village is now referred to as China’s Silicon Valley. It is home to Huawei, Lenovo and ZTE (three of the five largest mobile handset companies in the world) and a further 6000 handset manufacturers.
  • China produces more than half of the 2.5 billion phones sold around the world annually.
  • China now spends around $300bn (£182bn) a year on R&D, compared with a US spend of $450bn, and it is estimated to surpass Europe by 2018 and the US by 2022.

In the interview with Shi Lirong, Global President of ZTE (now the most innovative company in the world, filing 50,000 international patents last year), he lays out his three-pronged strategy of customer-focused innovation, recruitment of the best staff from around the world and the development of business partnerships.

Very impressive stuff!

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Starbucks – Technology to order your Coffee… but Never to Serve it

Following on from Jim's blog updating us on Starbucks strategy, here is another great 4 minute CNN video interview with Howard Schultz in which he talks about his app that allows customers to order on-line. The factors leading to this are the rise in internet shopping and subsequent reduction in footfall in shopping centres, but will online-ordering reduce the impact of this? Schultz talks about the need for all retail businesses to completely transform the way they do business, and as always, Starbucks seem to be ahead of the curve.

He explains the benefit of technology and data to help him better meet the needs of the customers (and ultimately shareholders), but is adamant that robots will never serve the coffee as this will detract from the customer experience instead of enhance it.

Another gem of a video that covers strategic planning, innovation, technology and customer service.

Starbucks Update from Howard Schultz

Saturday, April 05, 2014

Starbucks - always one of the best BUSS4 research examples - continues to be a source of inspiration for business teachers and students. I picked up on this excellent Q&A interview between CEO Howard Schultz and Bloomberg Businessweek which is packed with useful research insights. 

Here is the article - well worth a read.

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Technological Change and the Watchmakers

The global watch business is estimated to be worth around $22bn per year. It is still a big market, but the market leaders face some significant competitive threats from substitute products.

Can mechanical watchmakers compete effectively with the big smartphone brands? They need to find a way to do this soon unless their products are to be consigned to targeting a niche segment of older, wealthy customers.

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The Biz Quiz - 3 April 2014

Thursday, April 03, 2014

The final Biz Quiz before the Easter break. Good luck!

Launch The Biz Quiz - 3 April 2014

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