Business News

Adding value to products and services

A rare diamond has been put on display at the Natural History Museum in London. The stone, called the Sun Drop, is a bright yellow diamond and is the largest of its type in the world. It is on loan from the diamond manufacturer Cora International. One can only speculate...
Business News

The role of market research

Last week Edinburgh Airport was named as one of the top five airports in Europe for providing customer service and facilities. The other airports listed in the top five were Malta, Porto, Zurich and Copenhagen. Customer feedback was measured and collated from 209 airports worldwide to compile the list. Managing...
Business News

The importance of effective management

It appears that the British workforce is dressing less formally these days. A recent poll found that only one tenth of employees wear a suit every day and more than a third choose to wear jeans. The introduction of 'dress down Fridays' over the past few decades has led to...
Business News

Protecting intellectual property

The entrepreneur and founder of the European pallet distribution company Pall-Ex, Hilary Devey, has been announced as the replacement for James Caan on the next series of Dragons' Den. Devey launched Pall-Ex in 1996, having sold her car and house to finance its start-up. The firm now turns over almost...
Business News

Product development

At the recent annual meeting of the World Economic Forum in Davos, world leaders highlighted the growing pressure on food, energy and other resources as the global population increases. The Indonesian president said that the world's population could rise by 2 billion in the next 35 years. He commented that...
Business News

Working within the business cycle

Economic activity fluctuates over time. Sometimes there are periods of high economic growth (booms) and other times there are periods of weaker or even negative growth (recessions). This pattern of fluctuations is called the business cycle. Firms can thrive during periods of high economic growth as consumer spending increases. However,...
Business News

Controlling cash flow

Profit is undeniably important in business. It is not only the incentive for business owners and shareholders to take the necessary risks to run the business, it enables reinvestment and growth. Profit on its own, however, is not enough to secure the future of organisations. Cash flow is necessary for...
People

Negotiation and representation at work

For pupils currently in Year 9 or below, compulsory education and training will continue until they are 18. However, this does not have to take place in school. For many young people, job-based training schemes may be the preferred option. Apprenticeship programmes are one possibility. These are provided by public...
Finance

Budgeting

An old proverb says 'he who fails to plan, plans to fail'. Although not originally quoted in a business context it certainly holds true. Planning is one of the key roles of managers and business planning can provide frameworks for business operations. A financial plan is called a budget. Davis...
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