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March 22, 2011

Putting a price on water: World Water Day

It’s not every day you find an issue where effective diplomacy and development will allow you to save millions of lives, feed the hungry, empower women, advance our national security interests, protect the environment and demonstrate to billions of people that the US cares: cares about you and your welfare.

Water is that issue. Water and sanitation are fundamental to overall human development and both play a critical role in achieving all eight Millennium Development Goals by 2015. Safe water and sanitation improve health, advance education, reduce poverty and drive economic growth.”

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March 11, 2011

Japanese quake threatens economic recovery and business growth

Filed under: Business & Management — Tags: , , — Paul Clark @ 4:31 pm

A massive 8.9 magnitude quake hit northeast Japan today causing injury and death and creating structural damage, fires and a four-metre tsunami along parts of the country’s coastline. This is the largest recorded earthquake in Japanese history.

Our thoughts are with those in the region and our sympathies go out to those affected by the earthquake and the consequent tsunami.

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February 23, 2011

Airlines flying into the big chill

Established airlines are facing challenging times. Not only are they paying substantial increases in aviation fuel, but recession is leading to falling demand in several markets and competition from budget airlines is forcing them to lower prices and consequently look for cost savings. One approach to achieving overall cost reductions is through rationalisation of operations, involving redundancies and the closure of parts of a business. This has led to employee unrest in several airlines such as British Airways, as management seek to cap, or even reduce, remuneration packages and fringe benefits available to staff.

In pursuit of more economic business models, carriers are examining a whole series of collaborative ventures such as joint ventures and strategic alliances and many are considering mergers and acquisitions. In a previous post, I reported on one example of such a consolidation: the $3.2 billion merger of Continental Airlines with its domestic rival United Airlines creating the world’s largest carrier, representing approximately a fifth of the American airline market.

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February 14, 2011

Creation requires influence . . .

“We stand on the shoulders of giants…”

One of the most significant sources of inspiration for our students’ practical work is the work that they study in the film language and film history/film theory parts of the course. It is natural and expected that artists will copy those artists that came before them in their quest to find their own voice. (Certainly, the year we studied Kurosawa’s ROSHOMON almost every student film had a shot of the sun through leaves, and the year we looked at Kubrick’s films, almost every student film featured  at least one scene in balanced, classical composition.)

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December 5, 2010

The Big Chill – businesses contemplate a flexible response

With temperatures hitting record lows of -10C in some cities and -20C in the Scottish Highlands, Britain ground to a halt as millions of workers stayed at home, 7,000 schools shut and concerns over fuel and food supplies grew with panic buying in some areas. The UK Met Office warned of more snow to come.

Air and rail commuters suffered badly; many regional airports closed including Gatwick and on the rail network nearly one in three trains were cancelled and those in service experienced long delays. Stranded rail travellers slept in train carriages.

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November 30, 2010

Doing Business with entrepreneurs

Filed under: Business & Management — Tags: , , — Paul Clark @ 9:32 pm

The competition between countries to attract new investors and businesses to their shores is likely to become increasingly cut throat in 2011 as recessionary concerns continue to dog the global economy. The plight of Ireland and the concerns over Greece, Portugal and Spain have forced bond rates higher and raised concerns across the EU about the long term viability of the Euro.

During the last financial year countries around the world have tried to improve their business regulations to encourage entrepreneurship and to send a signal out that their country is the place to do business. Over the past five years, about 85 percent of the world’s economies have made it easier for local entrepreneurs to operate within their boundaries.

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November 26, 2010

The business of privacy

What does privacy mean to your students? Do they value it as much as you do and should they? In the world of social networks and sharing everything from relationship status to drinking habits should firms and governments be entitled to a greater level of privacy than individuals? Should the utility companies increasing their prices despite bumper profits and falling wholesale prices, open their accounts for all to read? Should government behaviour be scrutinised by the voting (and tax-paying) public?  Clearly the philosophical argument is beyond the brief and capabilities of this blog, but there is a huge, and growing  market, in both protecting and discovering sensitive information.

The recent activities of WikiLeaks have bought into the limelight the issue of privacy of information. With government bracing themselves for more revelations in the coming weeks there is a growing debate about what level of intrusion should be permitted into the private life of individuals, companies and government bodies.

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October 31, 2010

The trouble with SWOT

Filed under: Business & Management — Tags: , , , — Paul Clark @ 5:15 pm

As teachers, which one of us hasn’t been through an in-service training process that began with a SWOT exercise related to our school or local authority? SWOT analysis is everybody’s favourite business tool. It is safe to say that about 75% of all Internal Assessments and Extended Essays I assess contain a SWOT. There is also no doubt that the SWOT framework is one that lends itself to structuring a problem or a discussion.

The problem is that a large percentage of SWOTs are poor, both in terms of the preparation of the analysis and in the placement of information in the quadrants.

So what is SWOT analysis? It is a situational analysis summarising where an organisation actually is – its ‘strengths’ and ‘weaknesses’. These are factors over which the business has, at least, some control. A firm may have a lack of skills and experience, but can address this problem through recruitment and training. Indeed, the firm may be renowned for its training – a strength built up over many years. Most students are able to deal with Strengths and Weaknesses and quite rightly recognise these as internal, controllable factors.

However, the most significant issues relate to ‘Opportunities’ and ‘Threats’.  Again students correctly identify these as ‘external factors’. However, when they place factors in the ‘Opportunities’ section, these are frequently ‘internal, controllable’ factors.

Students write in the opportunities section things like – ABC organic food producers should…

  • expand the business by opening another branch

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The GDP Debate

Debate over the best way to measure economic growth and development continues with an excellent article on India’s decision to report an index of environmental sustainability alongside the more traditional GDP figures. The author John Palmer of the Guardian argues that dissatisfaction with GDP as a measurement of economic progress is growing. He believes that a new measure that places enviromental sustainability and social cohesion at the heart of policy-making is vital in transforming the larger debate about how to respond to the global economic crisis.

He writes that

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October 22, 2010

The malaria business – the cost of health

While chopping firewood yesterday I was bitten by a mosquito on what may be described euphemistically as the very ‘bottom’ of my spine. This has led to a rather unpleasant swelling and itching. I will spare you the gruesome details; as my children say – ‘just too much information, Dad’. However, it made me reflect on how fortunate I am to live in a country where being bitten by a mosquito does not (as yet) carry with it the risk of malaria or dengue fever.

A new report published in the British medical journal The Lancet (October 21st) claims that the World Health Organisation’s official estimate of approximately 15,000 people dying of malaria each year in India is ‘misleadingly low’ and that the numbers could be as  much as 13 times higher at over  200, 000. The study points out that the UN agency takes into account only those deaths confirmed and recorded by hospitals and other healthcare facilities, and does not include deaths at home.  You can hear a BBC report of the findings here.

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