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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!

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

Download printable version

Teacher solution (pdf)

Google Glass, Geeks and Loons – Overcoming Barriers for Product and Market Development

Wednesday, April 02, 2014

Two very interesting stories regarding Google’s intentions of world domination (in a nice way) via innovation, product and market development.

Firstly, in an effort to “de-dorkify” the Google-Glass and appeal to a wider audience, Google have struck a deal with Luxottica (the makers of Ray-Bans and Oakley sunglasses) to design the wearable device. The deal looks promising and Luxottica’s share price increased 4% after the deal. At the same time, Google founder Sergey Brin has been denigrating mobile phones saying that they are socially isolating, with “people walking around hunched up, looking down, rubbing a featureless piece of glass”. This is a great example of how Google are trying to push what they hope is their next rising star by challenging accepted norms about how we currently interact.

Secondly, to “connect the two-thirds of the world's population which does not have affordable net connections”, Google has launched Project Loons, which consists of floating balloons laden with 3G equipment into the skies over lesser developed countries. The driving force behind this is of course altruistic, with an ancillary benefit being that billions more people will use Google services. Moved by this act of philanthropy, Facebook intend to do the same, but using solar-powered drones instead!

Perfect stimulus for discussions for Ansoff’s Matrix, Boston Matrix, Innovation, Competition, Overcoming barriers, CSR and Strategic planning.

Retrenchment and the Rope-a-dope

Monday, March 31, 2014

A topic that is yet to be examined in the BUSS4 paper and one of the sections in the fantastic BUSS4 Revision Workshops is Retrenchment.

This 9 minute clip show the highlights of Ali and Foreman’s Rumble in the Jungle, and demonstrates the risks of over expansion, the necessity of retrenchment and the benefits of focus. It serves as a potential introduction to Retrenchment strategy and can be followed by research on Thomas Cook’s Harriot Green or Royal Mail’s Moya Green (two ladies who demonstrate Ali-esque strategic thinking). In the video, Muhammad Ali shows:

Aggressive Attack

Ali believed that he could beat the market leader with an aggressive attack in the first 2 round. He was wrong! It led only to him expending lots of energy (money) and aggrevating his more powerful opponent.

Retrenchment (the rope-a-dope)

Ali went against the rope for the subsequent 5 rounds. Whilst this was a risky strategy, it allowed him to refocus and conserve vital energy (whilst Foreman went on the attack and expended most of his energy/funds). Despite being on the defensive, Ali still used his marketing/mind games to get the crowd on side and frustrate Foreman.

Focus and Success

In the 8th round, having regained his stregth and knowing that his opponent had lost his, Ali invested in a short, focused but powerful attack that floored Foreman and allowed him to achieve his objective of Champion of the world/market leader!

Teaching Vacancy - Business Studies at Edgbarrow School

Sunday, March 30, 2014

An exclusive Business Studies teaching vacancy here provides an opportunity to join our friends at Edgbarrow School in Berkshire.

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Macroeconomic moves in China

Friday, March 28, 2014

I am cross-posting this from the Economics blog as I think it should be useful for BUSS4 students; in a rather low key report on the BBC website this week, I found the shock news that China had a trade deficit of $23bn in February. This is alongside the HSBC Purchasing Managers’ Index (PMI) which focuses on small privately owned businesses, and which gave a reading of 48.1 for March, compared to 48.5 in February - with any figure below 50 indicating a contraction in manufacturing activity. And today there is a forecast of the ‘official’ PMI, which looks at the larger state-owned factories; although this is slightly over the ‘expansion’ measure of 50, it is only predicted to come in at 50.3 - and is subject to a 0.3 downwards correction to allow for seasonal patterns, according to Louis Kuijs, chief China economist at the Royal Bank of Scotland.


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The Biz Quiz - 27 March 2014

Thursday, March 27, 2014

The latest version of the Biz Quiz is now available:

Launch The Biz Quiz - 27 March 2014

Download printable version (pdf)

Download solution

Market Segmentation for Politicians

Wednesday, March 26, 2014

Are you optimistically content or in long-term despair? This BBC article is a must for any students taking both Business Studies and Politics.

Pollsters Populous have created a test to tap into the mindset of voters, understanding that the traditional demographics such as age and postcode are too vague.

It segments the electorate into 6 categories and demonstrates the percentage of voters for each political party, stating that this will enable them to “craft TV ads, speeches and photo ops that appeal to the groups they need to win over."

Students can take the 3 minute test and evaluate the usefulness of this method of psychological market segmentation and suggest the messages that leaders must use to expand their voter/customer base.

Alibaba - Ali you need know!

Sunday, March 23, 2014

A combination of excellent news articles from last week have helped my students and I to fully understand the size and scope of Alibaba. Former teacher (and self-confessed technophobe) Jack Ma’s online company has experienced exponential growth and led to fear and envy from some of China’s (and the world’s) biggest companies. However, in his modesty he has described himself as “a blind man riding on a blind tiger”, giving him instant legend-status in our eyes!

The attached presentation has videos, hyperlinks and infographics that allow students to focus on the various elements that have led to Alibaba’s potential $150bn valuation. Each slide focuses on a different section from the BUSS4 specification thus giving information on leadership, strategy, competition, diversification and the economic (electronic) environment.

Hope it helps.

Teaching Motivation - Bellwork/ Starter Activity

Saturday, March 22, 2014

I read this amazing article yesterday on the BBC website and thought it would make an amazing bellwork/ starter activitiy when teaching motivation.

The article, 'Vicar or Publican' looks at which jobs make people happy and makes surprising reading. The article ends with a ranking of the top 247 occupations in order of happiness along with the mean income for each job/ profession. Potential activities from this could be:

  • Asking students individually/ in pairs to think of what the top 10 jobs are in terms of happiness (and then perhaps asking them to explain why they have ranked them in that order)
  • Asking students individually/ in pairs to think of the top 5 and the bottom 5
  • A discussion based around the top and bottom jobs in relation to mean income

The article can be found here...........

Samsung target the selfie segment

Friday, March 21, 2014

Here’s a nice little example of Samsung’s customer-focus (no pun intended) and technological innovation.

Possibly inspired by 2013’s Word of the Year, Ellen DeGeneres’ most re-tweeted tweet, or just our general obsession with ourselves, the new Samsung NX mini camera has a rotating screen and is wink-activated, meaning the best selfie since the last selfie!

The Telegraph article

The Biz Quiz - 20 March 2014

Thursday, March 20, 2014

It's Biz Quiz time again folks. 10 more questions on the business & economics news from the last 7 days. Tweet us your score!

Launch The Biz Quiz - 20 March 2014

Download printable version

Download solution (teachers only)

Entrepreneurs by Google Chrome

Wednesday, March 19, 2014

Attached is a research task with videos based on three diverse entrepreneurs, two of whom are now millionaires. The Google Chrome adverts show the inception of the businesses (SBTV, The Cambridge Satchel Company and Frontside Skatepark), and additional articles allow students to see where they are now. The final task encourages students to analyse the determinants of success for an entrepreneur and assess which are the most important.

The Big Top is Big Business

Tuesday, March 18, 2014

The people running this business are a bunch of clowns.

We'll, actually, that's not fair. But, it's almost right!

This video from CNN provides an insight into the operational complexity behind a historic travelling circus that rolls around the USA throughout the year. Each year, the three versions of the Ringling Bros. and Barnum & Bailey Circus perform in 120 cities, with 1,200 performances.

The family-owned business has a clear marketing orientation, as demonstrated by the interviews with Nicole and Alana Feld - the two leaders of the business.

read more...»

Foxconn: Life away from the Factories in China

Sometimes it helps to understand a little more about the human dimension behind the products we take for granted.

So here, for a slightly different perspective to offer students, is a short insight from the NYT into the lives of Foxconn factory workers in China. 

What happens when they clock off from the production lines churning out iPads, iPhones and other consumer electronic goods? Take a look.

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Small is Beautiful in the Fast-Changing Solar Power Industry

We perhaps assume that the concept of economies of scale apply when it comes to the generation of "green" energy from solar panels. However, as this excellent video from The Economist explains, the fastest growth in solar panel generating capacity does not come from large solar farms in the desert. 

Instead, the utility industry is struggling to come to terms with the competitive threat from tens of thousands of small, individual installations which are able to sell their solar power into the energy grid. A great profile of a fast-growing industry and market that is making hay whilst the sun shines!

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Does the UK Steel Industry Have a Future?

The FT produce some superb videos that are ideal for use in the Business & Economics classroom - and this new one on the UK steel industry is yet another ideal teaching resource. 

While global steel output has accelerated over the past four decades, the UK has been left behind. Tanya Powley, the FT's manufacturing correspondent, visits Celsa's plant in Cardiff to find out if UK steelmakers still have a future.

There is so much in the four minutes of the video. A good idea is to ask students to consider, as they watch, what is the most significant point made about the UK steel industry. 

They might mention:

The substantial reduction in scale of the industry over recent decades (from 200K workers to around 20k)

The significant overcapacity in the global steel industry

The lack of competitiveness of UK steel plants despite heavy investment (capital intensive!)

The changing relationship between employers and employees (the steel industry at its height had a pretty awful record of industrial relations)

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If you can’t think of anything inspirational to say, let Google do the work for you

Monday, March 17, 2014

I talk way too much in lessons, I can’t help it. So, to reduce my word emissions, my students and I collated a handful of concise quotes from artist, sportsman, writers, leaders and businessmen on the topics below. Some are great, many are cheesy, but they make for a good display and help students find links between business studies, entrepreneurship and the other subjects they are studying.

Risk Taking

Creative Thinking

Motivation

Planning & Preparation

Hard Work

OCR AS Applied Business Unit F242 Case Study Toolkit 2014 (Sweet Papaya)

Sunday, March 16, 2014

Tom White's excellent revision toolkit for the summer 2014 OCR AS Applied Business Unit F242 pre-release case study (Sweet Papaya) is now available for immediate despatch. It can be ordered from our online store here.

AQA Applied Business Unit 3 Summer 2014 Pre-Release Toolkit

Our pre-release case study for AQA AS Applied Business Unit 3 (Hebden Carpets plc) can now be pre-ordered from our online store. Mark and the team are hard at work writing the toolkit which will follow the same format as the highly popular resource from previous exam sittings for this unit. We hope to despatch this toolkit within the next 7 days.

IB Business & Management - 2014 Case Study Toolkit - The Imperial Hotel

The IB Business & Management pre-release toolkit on The Imperial Hotel (written by Paul Hoang, Margaret Ducie and Urvashi Sharma) is available to purchase from our online store.

In addition to sending the CDR-based version of the resource, we will arrange to send international customers a secure download link so that they can access this superb resource for the IB B&M Paper 1 as soon as possible.

Order the Imperial Case Study Pack online

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OCR AS Business Studies F292 Toolkit – All About the Baby Ltd (AAB)

Tom White's superb revision toolkit for OCR AS Business Studies Unit F292 is now available for colleagues to order from our online store. 

The F292 toolkit for All About the Baby Ltd contains:

Guided revision questions covering the key case study issues
Analysis and evaluation of all the key case study points, issues and data
Specification mapping against the pre-release

Order the OCR AS Business Studies F292 Toolkit

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Edexcel A2 Business Unit 4a - Greggs Case Study Analysis

Mark Tottman's superb in-depth analysis of the Edexcel Unit 4a Exam Case Study on Greggs plc is now available for purchase and immediate dispatch. Mark has continued to use the popular and successful format from previous case study analyses, dissecting the stimulus material on Greggs to provide students and teaching colleagues with unrivalled insights into the key features of the Greggs case.

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AQA BUSS2 Exam Coaching & Revision Workshops to Prepare for BUSS2 on 3 June 2014

We're all ready to go with our BUSS2 Exam Coaching Workshops for June 2014. It already looks like we already have several sold-out venues for intensive revision days dedicated to supporting students as the get ready for the BUSS2 exam on 3 June 2014. However, there are still places available in some locations - please check our online store for latest availability

Graham Prior and the BUSS2 team have been hard at work producing all-new materials for the day which focuses unrelentingly on improving exam technique for BUSS2 – which many students find is a much tougher challenge than BUSS1. And with the January resit window now closed, it is more essential than ever than BUSS2 candidates get it right first time!

Students attending the workshops will get our resource-packed workshop booklet together with a copy of tutor2u’s latest BUSS2 Revision Guide.

The outline content of the five BUSS2 exam coaching sessions is shown further below together with some screenshots from the workshop booklet.

How to book places (subject to availability)

Email Janet Cahill with your confirmed numbers , or

Order online (including private individual students / groups), or

Download and submit the booking form

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BUSS4 Exam Coaching & Revision Workshops to Prepare for 18 June 2014

We're all ready to go with our BUSS4 Exam Coaching Workshops for June 2014. It already looks like we already have several sold-out venues for intensive revision days dedicated to supporting students as the get ready for the BUSS4 exam on 18 June 2014. However, there are still places available in some locations - please check our online store for latest availability

The outline content of the five BUSS4 exam coaching sessions is shown further below together with some screenshots from the workshop booklet. Students attending the workshop also get a copy of my latest BUSS4 Revision Guide!

How to book places (subject to availability)

Email Janet Cahill with your confirmed numbers , or

Order online (including private individual students / groups), or

Download and submit the booking form

Please note that we DO accept private bookings from individual students / student groups - although these must be ordered and paid for before the places are allocated. No places may be bought on the day - advanced bookings only!

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AQA BUSS1 Weekly Revision Quiz - Week 4

Saturday, March 15, 2014

This is the fourth quiz containing 20 multiple choice questions which have been selected from across the AQA BUSS1 specification. This BUSS1 revision quiz is designed to keep you on top of the BUSS1 content - even whilst you are studying other units.

Launch AQA BUSS1 Weekly Revision Quiz - Week 4

Download printable version (pdf)

Download solution (teachers only)

AQA BUSS3 Weekly Revision Quiz - Week 4

Here is the fourth in our series of regular revision quizzes which test the whole of the AQA BUSS3 specification. This quiz has 20 multiple choice questions.

Launch AQA BUSS4 Weekly Revision Quiz - Week 4

Download printable version (pdf)

Download solution (teachers only)

Teaching Vacancy - Head of Economics and Business Studies - Hills Road SFC Cambridge

Friday, March 14, 2014

This has to be one of the best teaching opportunities for Business & Economics we've seen recently and I'm sure it will be of interest to many colleagues. However, you'll need to move fast as the closing date for applications is now Monday 21 March 2014. All the details below. Please mention, if you apply, that you saw this vacancy on the tutor2u blogs. 

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Change of strategy at Morrisons

Thursday, March 13, 2014

How can it be that the announcement from Morrisons today that they have made a £176m pre-tax loss for the year to February 2, has caused Tesco's share value to fall to its lowest level in almost a decade? 

There are a couple of articles here which give students a good opportunity to analyse the internal and external influences which are forcing Morrisons to change their strategy, and the effect of that change on their competitors. As this article in the Daily Telegraph explains, the problem for Tesco, and for Sainsbury as well, is in the change of strategy that Chief Executive Dalton Philips announced in order to try to turn this around. Morrisons intend to cut their costs aggressively, by £1bn, and to use those savings to cut their prices.

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Spice up GCSE Edexcel Business answers with some ‘such as seasoning’ for context

Back in November I blogged about an activity I had used to develop the use of connectives in Year 10 students as part of a programme of 'Written Exam Skill of the Term' activities.  It's worked really well and this term we are developing 'context' as the skill of the term to add to the confidence of students in using connectives. Here is some advice on context in Edexcel GCSE Business and an activity that can be used to help students develop this skill.

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The Biz Quiz - 13 March 2014

The latest Biz Quiz is now ready for you to attempt - good luck!

Launch The Biz Quiz 13 March 2014

Download printable version (pdf)

Download teacher solution

China – has the “domino effect” begun?

Wednesday, March 12, 2014

Speaking at his annual address to parliament, premier Li Keqiang said “we are at a critical juncture where our path upwards is very steep… deep-seated problems are surfacing; painful structural adjustments need to be made”.

This comes at a time when there are reports of a potential sub-prime debt crisis in the “shadow banking” sector (worth between $604bn - $3.7 trillion, depending on the source).

Also, according to the Ministry of Human Resources, the number of job openings fell, with city jobs in Q4 falling 13.7% from the preceding quarter.

Finally, and perhaps most importantly, the first domestic corporate bond default happened last week. Energy company Shanghai Chaori Solar failed on a £9m interest payment. The state has previously bailed out Chaori and other such businesses, but chose not to this time, generating much speculation from analysts.

Many say it was a necessary move from the government to install a better risk culture, tackle China’s credit problems and starting with the “painful adjustments” necessary to decelerate growth.

However, Bank of America Merrill Lynch stated “We doubt that the financial system in China will experience a liquidity crunch immediately because of this default, but we think the chain reaction will probably start.”

This was echoed by Philip Li of China’s International Credit Rating, calling it “a domino effect”, and coupled with Robert Peston’s recent BBC article (and other sources below), should help students construct a strong case that the risks of operating in China now outweigh the rewards.

The Sunday Times - China faces it's Shadow Banks

Business Week - How Chaori will deal with the default

Forbes - Trouble for China?

The Telegraph - The value of the shadow banks

BBC - Is the shadow banking sector due to fall?

BBC - Robert Peston's How China fooled the world

OCR A2 F297 Toolkit – APSL June 2014

Very soon we'll be shipping the OCR A2 Business Studies F297 Toolkit for June 2014. This exam-support resource, written by Tom White, is once again packed with analysis and evaluation of the issues raised in this year’s OCR pre-release case study for F297 strategic management.

The toolkit gives a strategic overview of APSL’s position in the market, key stakeholders and the company’s objectives. There’s coverage of the impact of the economic forces on the company, and a discussion of the significance of the firm’s environmental policy. You can consider business culture at APSL, and the obstacles to achieving change. Since the case study contains a lot of financial data, there’s detailed coverage of this topic, taking you through all the relevant ratios – with the supporting commentary written to match the Guidance on Accounting Element OCR GCE Business Studies published by OCR in August 2012. The toolkit will be shipped with an Excel workbook showing you how all the relevant calculations for the case study can be performed.

With a SWOT summary and evaluation of the strategic choices facing APSL, students are well supported as they gear up for their final A2 exam – there’s even a mock exam paper included for practice!

You can order the OCR A2 F297 Toolkit – APSL June 2014 from our online store here or by downloading and sending us this printable booking form.

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