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A good example here of how operating an award-winning ethical business doesn't guarantee business success - particularly if your costs are too high, profit margins too low and consumer demand...

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Ethical business doesn't guarantee success
22nd February 2018

The casual dining crunch

Fantastic article here analysing the reasons for the increasing number of business closures in the UK restaurant market. The importance of rent as a fixed cost which significantly increases the...

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The casual dining crunch
00:2:52

Economics for real, economics for good It’s everyday deal, like life in the hood. A fantastic rap put together by students from Queen Ethelburga’s, Thorpe Underwood near York!...

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Economics for real, economics for good It’s everyday deal, like life in the hood​

BBC News is investing in new technology to bring a cutting-edge view of the news. New Virtual-Reality (VR) kit can be obtained to gain a fully-immersive experience of tv reporting....

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An all-round look at Ethiopia's new construction to dam the Nile

Back from our half-term break, but the business world never stands still. Here are the latest 10 questions on the business & economics news from the last 7 days.

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The Biz Quiz - 22 February 2018
22nd February 2018

Modern Slavery

The following article follows a man called Stephen who had been trafficked from Hanoi, Vietnam and ended up working in a cannabis farm in the UK.

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Modern Slavery
00:15:10

Britain generated more electricity from renewable and nuclear energy in 2017 than from gas and coal, marking the first year that low-carbon resources have met most of the UK's power needs....

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Synoptic Economics: Renewable Energy
21st February 2018

Bradford Unemployment

The following article examines some of the issues faced by young people in Bradford.

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Bradford Unemployment
20th February 2018

The Enlightenment Now

One potentially tricky area of sociology is the study of modernity and how this fits with the bigger picture of studying society, both in the past, the present and looking...

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The Enlightenment Now

One of the big ideas of the time is the notion of a Universal Basic Income (UBI). In this case, the Royal Society for the Arts (RSA) is proposing that...

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£10K for everyone aged under 55 - Economics of a Universal Basic Income

Proof of the dynamic nature of the Chinese economic growth miracle. Dongguan used to be a labour-intensive manufacturing base synonymous with the label Made in China. Now it is fast...

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From Made in China to a Hub for Robotics - Changing Cities
19th February 2018

Education for Refugees

The following article examines the ability to enter education for two teenage boys in two different countries.

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Education for Refugees

Price elasticity of demand measures the responsiveness of quantity demanded for a product to a change in price. It is one of the most important concepts in business, particularly when...

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Price Elasticity of Demand
Study notes

Product Life Cycle

The product life cycle is an important concept in marketing. It describes the stages a product goes through from when it was first thought of until it finally is removed...

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Product Life Cycle

Porter suggested four "generic" business strategies that could be adopted in order to gain competitive advantage. The strategies relate to the extent to which the scope of a business' activities...

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Porter's Model of Generic Strategies for Competitive Advantage

The Five Forces Model was devised by Professor Michael Porter. The model is a framework for analysing the nature of competition within an industry.

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Porter's Five Forces Model of Industry Competiton

Taylor put forward the idea that workers are motivated mainly by pay.

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Motivation - Taylor (Scientific Management)

Maslow focused on the psychological needs of employees. Maslow put forward a theory that there are five levels in a hierarchy of human needs that employees need to have fulfilled...

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Motivation - Maslow (Hierarchy of Needs)

Herzberg had close links with Maslow and believed in a two-factor theory of motivation. He argued that there were certain factors that a business could introduce that would directly motivate...

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Motivation - Herzberg (Two Factor Theory)

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