How firms can make the most of the recovery
I have just found this article on the BBC website which offers advice to small and medium sized businesses about strategies to help them to emerge from the recession into a fragile recovery in a strong and healthy state. It gives guidance about a range of government-backed schemes under these headings:
General advice
Delaying tax payments
How to handle redundancies
Securing a bank loan
Winning contracts
Securing payment from other firms
•Recent UK Recession (June 2010) -
Tags: recession, aqa, recovery, contracts, government advice, business advice
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kulula.com ambushes the World Cup
Fifa is very protective of its image rights and trade marks around the World Cup, and with less than three months to go to kick off on June 11th they have objected to a South African budget airline’s advertising. The advert featured pictures of the stadiums, national flags, vuvuzelas (South African plastic trumpets) and the delightful tag line ‘Unofficial National Carrier for the You-Know-What’. Kulula is know for its quirky adverts and aircraft designs; the one shown above is, they say, part of their ongoing strategy to demystify air travel, and the one below helped them to raise over half a million rand for the charity CHOC (Children’s Haematology Oncology Clinic Childhood Cancer Foundation of South Africa).
•Business Law - •Business Strategy - •Leisure, Travel & Tourism - •Marketing - •Political & Legal Environment - •EXAM BOARD SUPPORT - •AS & A2 Business - •AQA BUSS2 -
Tags: advertising, world cup 2010, trade marks, ambush marketing, kulula, fifa
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Nice visual for the Enlarged EU
I found this nice little link for showing how the EU has grown over time. Perfect for an IWB.
You can access it from here. I let it run in the background whilst I was teaching the class.
Enjoy............
•AS & A2 Business - •AQA BUSS4 -
Tags: european union, buss4, enlarged eu
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BTEC National Business - Business Videos
At today’s BTEC National conference, I gave a brief presentation showcasing some video resources which can be used to support teaching and learning for the new BTEC National Business specifications from September 2010. I’ll add more details about each one to the blog in the coming days. But for now, here are the links to the videos…
read more...»Rated: 
(5/5), based on 1 review
•BTEC Level 3 Diploma in Business - •TEACHING BUSINESS - •Video Case Studies -
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Marketing at Jaguar (BTEC National 2010)
Just back from our lovely two-day CPD event for BTEC teachers at the stunning Jaguar Visitor Centre at Castle Bromwich. I jotted down the following notes from a great talk given by Adam Henderson from the Jaguar marketing department today - ideal material for the BTEC National marketing units and plenty of crossover too for other business courses…
read more...» •Marketing - •EXAM BOARD SUPPORT - •BTEC Level 3 Diploma in Business -
Tags: marketing mix, marketing, jaguar, marketing strategy, car industry, crm
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The Biz Quiz - 19 March 2010
Here the Biz Quiz for 19 March 2010:
Download printable pdf version
Download VLE Import edition (SCORM - zip file)
Ireland asks for your help on St Patrick’s Day
It’s hard to take this one seriously, but perhaps you should give it a try. The Irish president, Mary McAleese, has launched a website asking for your views and ideas that could be developed into new businesses with the aim of creating jobs and “bringing back the feel-good factor” to the struggling country.
Maybe it’s worth a few minutes of business studies time to consider both the nature of Ireland’s problems and to take a strategic view of possible ways forwards. And there is €100,000 for the best ideas…..
•Aims and Objectives - •Business Strategy - •Credit Crunch - •Economic Environment - •International Business - •Political & Legal Environment -
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Measuring changing shopping habits and inflation
As students learn about the impact of external economic influences such as inflation, it might be helpful to look at the changes the Office of National Statistics have just made to the way in which they calculate the average level of inflation for the UK. Each year they review the so-called ‘typical basket of goods’ that is bought by households, so that they can measure changes in the price of those goods over the coming year. This enables them to make sure that the prices they are monitoring are for the goods which are most relevant to the average household in the UK – the aim is to update the basket to reflect changes in our pattern of spending.
•Economic Environment - •BUSS4 RESEARCH - •Recent UK Recession (June 2010) - •EXAM BOARD SUPPORT - •AS & A2 Business - •AQA BUSS4 -
Tags: inflation, prices, consumer price index, family expenditure survey, office for national statistics
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Wipeout Challenge - UK Recession
Here is a new version of Wipeout challenge. This time the task is for students to identify the businesses that entered administration during 2008-2009. A nice little lesson starter. The follow-up could be to discuss why the businesses that did go bust failed..and what happened to them since (not all disappeared altogether)
UK_Recession_Wipeout_Challenge.ppt
•Economic Environment - •BUSS4 RESEARCH - •Recent UK Recession (June 2010) - •TEACHING BUSINESS - •Starters & Plenaries -
Tags: recession, insolvency, starter, administration
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The tax on companies
Anyone following the news knows that tax and government spending are the main issues facing firms and households in the forthcoming general election. The bottom line: spending is likely to fall and taxation is likely to rise. Whilst most of us can get our heads around income tax and VAT – mainly effecting households - what are the main tax issues facing firms?
read more...» •Business Law - •Finance & Accounting - •Political & Legal Environment -
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Into the clouds - is this the end of the life cycle for pen drives?
Time was when I simple couldn’t bear to be separated from my motley collection of USB pen drives.
But now I’ve joined the rapidly growing group of people who have stuck their heads into the “clouds” for an alternative way of saving, sharing and backing up data…
read more...»Rated: (5/5), based on 1 review
•Marketing -
Tags: product life cycle, cloud computing, outsourcing, dropbox
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The internet and business - 10 years after the dot.com crash
It’s 10 years since the dot.com crash and the internet has become a daily feature of life and business activity. For those of you too young to remember, there was a lot of internet hype in the years leading up to 2000. Everyone sensed that the internet was going to be big, but few firms had actually worked out ways of making money from the web. A lorry load of cash was thrown at Net-based start-ups – much of it was lost. That was the dot.com crash. Fast forward a decade and a terrific tool from the BBC can show you at a glance where much internet traffic is headed.
read more...»Motivation and management at John Lewis
These news reports about the 10% rise in profits at John Lewis are valuable for students preparing for AQA BUSS 4, as they give plenty of material about how the group turned poor half year results into splendid full year profits in the midst of the recession and decline in high street spending. The report in the Guardian is particularly interesting as it examines the advantages brought by the unusual corporate structure, and the quality of management of the company which it concludes isn’t the best-run in Britain. While the article in Management Today compares the profits with those of Morrisons, and contrasts the growth strategies of the two businesses.
They are equally valuable for those preparing for the AS unit 2 papers, as they examine the way in which John Lewis uses profit sharing as a means of financial motivation, alongside a wide range of other fringe benefits, and in return have a labour turnover which is half that of most of their competitors. They should be viewed alongside the BBC’s series of three programmes about John Lewis and will be of greatest interest of all to any students who have part-time jobs at Waitrose or the department stores, as they stand to gain a 15% profit sharing bonus!
BBC News - John Lewis profits top £306m as staff share big bonus
The Guardian - At John Lewis, ‘happiness’ beats profit
Management Today - Booming Waitrose powers John Lewis to bumper profits
•Business Strategy - •Change Management - •Leadership & Culture - •Human Resource Management - •Operations Management - •Retailing - •BUSS4 RESEARCH - •Recent UK Recession (June 2010) - •EXAM BOARD SUPPORT - •AS & A2 Business - •AQA BUSS2 - •AQA BUSS4 -
Tags: recession, aqa, motivation, morrisons, waitrose, john lewis, fringe benefits, profit sharing
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The Biz Quiz - 12 March 2010
The latest edition of The Biz Quiz is now available.
Launch interactive version of The Biz Qiz - 12 March 2010
Download printable handout version (pdf)
Download VLE import version (SCORM zip file)
AQA Revision Workshops Ready to Go
Its been quiet on the blogging front for a few days whilst we got the BUSS4 Research Toolkit out of the door and then locked ourselves away for two days to work on the Revision Workshop programme for April & May. Still - it was worth it. Michelle and the team have come up with some cracking sessions for our intensive pre-exam days…
read more...» •AS & A2 Business - •AQA BUSS2 - •AQA BUSS4 -
Tags: buss2, buss4, revision workshops, aqa gce business studies
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A Brief History of Double Entry Bookkeeping
Forget X Factor, EastEnders or Loose Women. Here’s something worth staying in for if, like me, you are a big fan of double-entry bookkeeping…
read more...» •Finance & Accounting - •TEACHING BUSINESS -
Tags: bookkeeping, double-entry
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Adverts that know where you are
If the tabloids tell us where Cheryl and Ashley are at all times, it should make life easier for jewelry thieves lurking near their house. That point makes some people anxious about constantly revealing their location. Others are far less concerned, which could be a real bonus for advertisers.
read more...» •Business & Technology - •Business Communication - •Marketing - •Retailing -
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Inside John Lewis - New Three Part Documentary on BBC2
This could be one of the best video resources made available for a long-while for Business teachers and students.
Wednesday nights at 9.00 p.m. on BBC2. A behind-the-scenes documentary on John Lewis.
In a television first, the BBC goes behind the scenes of John Lewis - one of Britain’s biggest and best known department stores - as it tackles changing tastes, tougher competition and the worst recession for 80 year. Full details here
First episode starts with how John Lewis has handled the recession. Perfect.
Rated: (5/5), based on 1 review
Starter Activity - Teacher Talkabout
I did this today with my Year 12’s. Went down a storm it did.
read more...»Rated: (5/5), based on 1 review
•Starters & Plenaries -
Tags: starters, plenaries
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Government Financial Support - The Requests Come Flooding In
Two examples today of stakeholder pressure for the UK government to provide increased financial support for “strategic industries"…
read more...»Data watch - what happened to business investment in the UK recession?
A recession is typically associated with a reduction in business investment (capital expenditure). What does the data show in terms of the total capital spending by UK firms during the recent recession?
read more...»Rated: (5/5), based on 1 review
•Business Strategy - •Credit Crunch - •Finance & Accounting - •BUSS4 RESEARCH - •Recent UK Recession (June 2010) -
Tags: risk, cash flow, investment appraisal, roce, payback, capital expenditure, return on capital, business investment
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Wipeout Challenge - Total Quality Management
Many thanks to Lord Sutch for sending over this version of Wipeout Challenge, which his Lordship ran successfully with his GCSE Business students recently. it would work just as well with AS students covering quality control / assurance. The file download is below. it is a PowerPoint show (pps) format.
Download Wipeout Challenge - Total Quality Management
•Operations Management - •EXAM BOARD SUPPORT - •AS & A2 Business - •AQA BUSS2 - •GCSE Business - •AQA GCSE Business - •Edexcel GCSE Business - •TEACHING BUSINESS - •Business Quizzes - •Starters & Plenaries -
Tags: quality assurance, quality, quality control, tqm, wipeout, lesson starter
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The Biz Quiz - 5 March 2010
The latest edition of The Biz Quiz is provided below:
Launch interactive version of The Biz Quiz - 5 March 2010
Download printable pdf handout version
Download VLE import version (SCORM zip file)
Data watch - what happened to consumer spending in the UK recession?
Putting to one side all the newspaper and tv stories of how consumers behaved during the recent recession in the UK, what does the data show? What were the real trends and how did consumers behave compared with the long preceding period of economic growth in the UK?
read more...»Rated: (5/5), based on 1 review
•Economic Environment - •BUSS4 RESEARCH - •Recent UK Recession (June 2010) - •TEACHING BUSINESS - •Data Analysis Worksheets - •Starters & Plenaries -
Tags: recession, gdp, consumer spending, savings ratio, disposable income, consumer confidence, durable goods, retail sales
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The Shape of Things to Come - How Recession Will Change the Way Businesses Work
I finally got round to reading an important piece of research by the Conferderation of British Industry (CBI) on the future shape of businesses in the UK. Its a fascinating document that describes how Britain’s business leaders believe recent events have accelerated some fundamental changes in the ways that businesses will compete and be structured over the next 5-15 years. Some of the report’s conclusions pick up on some specific strategic issues that have been raised by the recent recession - and are therefore relevant for students looking into this topic for their A2 exams.
read more...»Technological change shakes up book production
A nice, short piece in the Economist covers everything from changes to production systems and book retail with economies of scale an important consideration too. Electronic book readers have had a lot of attention recently, but there may be a good deal of life left in the paper format yet…
read more...» •Business & Technology - •Operations Management - •Retailing -
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The Business of Sport - A BBC Online Special
Spring hat tip to Ben White from Bromsgrove school for flagging up this new web resource from the BBC
The BBC now have a special feature ‘Business in Sport’ section:
Not sure whether its here to stay for long term but absolutely loads to pick up from here, including at a brief glance:
• Profit and Loss
• Sources of Finance
• Football Club Finances
• Legal /Contract and Ethical Issues
• Marketing / Sponsorship
• Impact of Recession
• Impact of World Cup on SA economy
All in a sporting context – brilliant!
BUSS4 Research - a Corus of Disapproval
One more suggestion for colleagues looking to encourage students to pick a relevant case study for their BUSS4 research on the recent recession in the UK. Take a look at the Corus story over the last 18-24 months.
read more...»Rated: (5/5), based on 1 review
•Business Strategy - •Economic Environment - •BUSS4 RESEARCH - •Recent UK Recession (June 2010) -
Tags: demand, productivity, capacity, economies of scale, redundancies, corus, retrenchment, long-term, unions, steel making
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Cool looking map to highlight globalisation
Though dated (2003), this is still a really cool visual to highlight the global presence of Starbucks and McDonalds.
Great for visual learners…
Find it here.....
•AS & A2 Business - •AQA BUSS4 -
Tags: globalisation, starbucks, mcdonalds, organic growth, emerging markets, multinationals
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BUSS4 and British Airways - a marriage made in heaven
British Airways could easily be the case study business featured in Section A of BUSS4. The story of BA during 2008 and 2009 fits perfectly with the BUSS4 research focus on strategies in a recession, short v long-term planning and the related issue of stakeholder relationships. And if BA isn’t the chosen example by the BUSS4 examiner, then it becomes a superb basis for research and comparison. Just think of the issues that have come up in the last 24 months:
read more...»Rated: (5/5), based on 2 reviews
Strategy in a recession - stakeholders & cutting labour costs
During the recent recession in the UK, many firms looked to reduce their operating costs by implementing short-time working, overtime bans and temporary cuts in production capacity. What were the stakeholder implications of this? A key issue was what effect these actions had on employer/employee relations, and I came across this neat 4 minute video which addresses the issue. In the video, the General Secretary of the TUC discusses how trade unions felt about labour cost-minimisation strategies. Some good points for students to pick up in here:
View video interview with Brendan Barber (TUC) [source BBC Daily Politics]
•Business Ethics & CSR - •Business Strategy - •Economic Environment - •Human Resource Management - •BUSS4 RESEARCH - •Recent UK Recession (June 2010) -
Tags: trade unions, tuc, labour costs, overtime, cost minimisation, production capacity, employee employer relations, brendan barber
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Challenge the Chancellor 2010 - Level 3 Competition Entry Form
Schools and colleges who wish to enter teams for the Challenge the Chancellor 2010 Level 3 competition should use the following online form:
http://tutor2u.wufoo.com/forms/ctc-2010-level-3-entry-form/
Please note:
- This is the online entry form for the Level 3 competition
- For schools with more than one team, a separate entry form should be used for each team entering the competition
- The form has two sections (on the same page)
(1) Contact details for the team and its school
(2) A file upload function for teams to select final Word document for the Level 3 Competition
- Only one entry is permitted for each team. Please ensure that the entry you submit is your final version - changes cannot be made once an entry is submitted.
- When you are ready to submit your competition entry, please click “Submit Form” at the bottom of the form.
- A copy of your entry form will be sent to the email contact address supplied - please ensure that it is accurate.
Good luck in Challenge the Chancellor 2010!
Challenge the Chancellor 2010 - Level 2 Competition Entry Form
Schools and colleges who wish to enter teams for the Challenge the Chancellor 2010 Level 2 competition should use the following online form:
https://tutor2u.wufoo.com/forms/ctc-2010-level-2-entry-form/
Please note:
- This is the online entry form for the Level 2 competition
- For schools with more than one team, a separate entry form should be used for each team entering the competition
- The form has two sections (on the same page)
(1) Contact details for the team and its school
(2) Answers to the tasks set for the Level 2 Competition
- Only one entry is permitted for each team. Please ensure that the entry you submit is your final version - changes cannot be made once an entry is submitted.
- When you are ready to submit your competition entry, please click “Submit Form” at the bottom of the form.
- A copy of your entry form will be sent to the email contact address supplied - please ensure that it is accurate.
Good luck in Challenge the Chancellor 2010!
Whiteboard Challenge - Drawing UK GDP
Here’s a simple lesson activity which might get students thinking about the UK recession in the context of the longer-term performance of the economy. It might add a bit of spicy competition to the start of a lesson too..
read more...» •Economic Environment - •BUSS4 RESEARCH - •Recent UK Recession (June 2010) - •TEACHING BUSINESS - •Starters & Plenaries -
Tags: recession, gdp, economic cycle, uk economy, economic growth, business cycle, boom
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BUSS4 Toolkit June 2010 - Publication Date Update
We’re almost there with our BUSS4 Research Toolkit for June 2010 / Jan 2011. The publication date is now Monday 8 March 2010. More details here…
read more...»Rated: (5/5), based on 2 reviews
Recession strategy - what happens when a market dives by 30%+?
Hays Group plc is a great case study example to use with students if you want to look at a recession strategy where market demand falls significantly. We’ve put some numbers together which will help you use Hays as a lesson resource.
read more...»Rated: (5/5), based on 2 reviews
•Business Strategy - •Finance & Accounting - •BUSS4 RESEARCH - •Recent UK Recession (June 2010) -
Tags: recession, cost minimisation, opportunities, hays group
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Financial Ratio Practice Resource - Apple Inc
We’ve been doing some work on Apple’s financials as part of our BUSS4 toolkit and we put this simple spreadsheet together which summarises the Apple Inc Income Statement and Balance Sheet for 2009 through to 2005. Figures are rounded to the nearest 0.1$bn and are drawn from the Apple SEC returns. Some representation has been applied to make them easier for students to use. The spreadsheet below has the data in one tab, with some basic accounting ratios on the next tab along.
Some interesting features of the numbers (aside from the stunning growth and profitabilty ratios). No dividends paid, no debt, and a growing pile of cash.
Rated: (5/5), based on 2 reviews
•Finance & Accounting - •EXAM BOARD SUPPORT - •AS & A2 Business - •AQA BUSS2 - •AQA BUSS3 -
Tags: apple, iphone, inventories, net profit margin, roce, creditor days, gross profit margin, current ratio, stock turnover, quick ratio
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Management pay is squeezed during the recession
There have been some interesting surveys on the effects of the recession on people management in the last couple of months. This one from Hay Group is useful for students in that it highlights one of the operational effects of the recession - this time on the remuneration of senior business management.
read more...» •Human Resource Management - •BUSS4 RESEARCH - •Recent UK Recession (June 2010) -
Tags: stakeholders, quoted companies, bonuses, remuneration committee, executive pay
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HRM priorities as firms exit the recession
What should a firm’s people management priorities be as the UK & global economy slowly emerges from recession? The Institute of Employment studies has just published its suggestions…
read more...» •Business Strategy - •Leadership & Culture - •Human Resource Management - •BUSS4 RESEARCH - •Recent UK Recession (June 2010) -
Tags: recession, training, flexible working, organisational structure, workforce planning, staff retention, labour turnover, hrm strategies, hrm objectives
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Retrenchment at the BBC
This story has, unsurprisingly, generated a lot of media interest. A report in the Times (described as speculation and not entirely denied by the BBC) predicts that the result of a recent strategic review by the BBC will result in some classic retrenchment by the public-sector broadcaster.
Non-core radio stations are tipped as candidates for closure and the BBC’s burgeoning web output is expected to be cut significantly. Bad news for BBC listeners, viewers and readers perhaps (who, in the UK are licence fee payers of course). But good news (and a source of many opportunities) for the private sector. Who, for example, will fill the gaps in the market if BBC 6 Music is closed? Students might also question whether there really is a gap in the market! A good introduction to the concept of retrenchment, and there are some strong stakeholder issues raised here too.
•Business Organisation - •Business Strategy -
Tags: bbc, public sector, retrenchment, marketing strategy, crowding-out, private sector
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BTEC First in Business - CPD Day at Jaguar (17 March)
The programme for our CPD day for the BTEC First in Business is outlined further below.
Download a booking form here (fax it back to 01937 529236)
or book your places online here
read more...» •BTEC Level 2 Diploma in Business - •TEACHING BUSINESS -
Tags: btec first in business
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‘Extreme’ unpaid overtime on the increase during recession: Teachers the worst offenders!
Surprise, surprise! Teachers, together with lawyers have been found to be those most likely to do more than 10 hours of unpaid overtime, with about one in five employees working an extra 17 hours a week for no payment.
read more...»The Biz Quiz - 26 February 2010
- Which firm’s boss has admitted that it has grown too fast?
- What product has joined champagne, Parma ham & Roquefort cheese by being granted protected status by the EU?
- The Conservative Party has announced plans to offer people discounted shares in…
Try these and seven other questions from the business news in our weekly Biz Quiz
Launch Biz Quiz - 26 February 2010
Download printable handout (pdf)
Download VLE import version (SCORM zip file)
Global branding in emerging markets - Ikea tolerates window shoppers
A big hat tip to Steve Storey for spotting this fantastic video from the FT on the Ikea store in Beijing. For those who you with an FT.com subscription which gets you past the paywall, this is one to show the students!
read more...» •Business Strategy - •Emerging Markets - •Globalisation - •Marketing - •BUSS4 RESEARCH - •Emerging Markets - China - •TEACHING BUSINESS - •Video Case Studies -
Tags: china, ikea
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Entrepreneurial success - Cath Kidston bucks the recession
A neat entrepreneurial success story that will appeal to the female business students who are fans of specialist retailer Cath Kidston. An initial investment of £15,000 has turned into a stake worth around £25 million. Not a bad ROI. Lots of good stuff in this interview article for students wanting an example of niche business which has grown strongly despite the recession - and still lots of growth opportunities to exploit.
•Business Strategy - •International Business - •Marketing - •Retailing -
Tags: entrepreneur, enterprise, cath kidston, niche retailing
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Strategy in a recession - cost optimisation not cost minimisation
The quick fix is easy. The economy worsens and customer confidence plummets. Monthly sales begin to decline; fewer customers respond to the direct mail shot or visit the shops. The word goes out after the latest board meeting. All functional budgets are to be cut by 10% as a strategic response to the economic crisis. But does it work? Or should a business take a much more strategic approach to cost management?
read more...» •Business Strategy - •Finance & Accounting - •BUSS4 RESEARCH - •Recent UK Recession (June 2010) -
Tags: recession, efficiency, investment appraisal, adding value, cost control, overheads, open-source, cost minimisation, cloud computing, outsourcing
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An interesting way to describe the Business Cycle
Not really an activity but I asked my students to think about how they would describe the Business Cycle to a 10 year old. One student came up with this brilliant description…
read more...» •Economic Environment - •BUSS4 RESEARCH - •Recent UK Recession (June 2010) - •TEACHING BUSINESS - •Starters & Plenaries -
Tags: recession, unemployment, business cycle, slump, recovery, boom
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Strategy in a recession - Don’t Panic Mr Mainwaring!
One of the key lessons from the recent recession is a need for firms to take a much closer look at how their business really operates. Those that really knew their business - their strengths and weaknesses (their competitive position) - have usually been able to respond successfully. Those that were caught by surprise have been badly hurt, or worse.
read more...»Rated: (5/5), based on 1 review
•Business Strategy - •BUSS4 RESEARCH - •Recent UK Recession (June 2010) -
Tags: recession, strategy, cash flow, market share, adding value, market demand, competitive advantage, overheads, cost minimisation, competitive position
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Strategy in a recession - global innovators keep investing
Another cracking (though detailed) research report on the strategies of global innovators has arrived in my inbox. Booz & Company’s 5th annual survey of 1,000 leading global players has some fascinating insights into the strategic response to the recession. I have summarised some of the key learning points for students below.
read more...»Rated: (5/5), based on 1 review
•Business Strategy - •Marketing - •Operations Management - •BUSS4 RESEARCH - •Recent UK Recession (June 2010) -
Tags: recession, innovation, investment appraisal, return on investment, booz & company, r&d;new product development
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BTEC National in Business - CPD Conference 18 March 2010
The stunning Jaguar Cars Factory & Training Centre in Coventry is the venue for our BTEC National in Business CPD day on Thursday 18 March 2010. There are still some places available for colleagues who would like to join us for a day which is packed full of ideas and resources for delivering the new BTEC National specification. Programme details are set out below.
Download a booking form here (fax it back to 01937 529236)
or book your places online here
read more...» •BTEC Level 2 Diploma in Business - •BTEC Level 3 Diploma in Business - •TEACHING BUSINESS -
Tags: ebea, btec first in business, btec national in business, philip allan updates, btec business, business studies cpd
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