Business Studies homework:
"Half of the workforce is now made up of younger generations, those we like to call Generation X, Gen Y or New Millennials. What’s a Baby Boomer to do when faced with the task of training these youngsters?The first step is to understand what this new group of workers values in life.Time. It’s precious and belongs to them. Staying late at work is crazy.Technology. No, they will not put down their iPhone for a second, it is a part of who they are.Loyalty. Younger generations are more loyal to a single person than to an entire organization. If they don’t like the boss they have, they’ll change jobs to find a new one.Find out a few things from your younger employees:What do they want to gain from their jobs and bosses?How do pay and benefits affect their loyalty?What motivates them at work?How important is it to keep their job? If they’re still living with mom and dad, rent free, it may not be on the top of the list.The job market is uncertain and always changing in the eyes of these young employees. Show them that your company is a secure place to be and that they are valued. A little bit of understanding may be all it takes to keep every generation at your company happy."
Source:
Read this.....on Generation Y.
Listen to this podcast and then write it up in your blog....
Showing posts with label James. Show all posts
Showing posts with label James. Show all posts
Mnemonics
Homework:
make up some mnemonics for Business Studies/Economics.
Two examples:
SPICED
and...
PIGSS for Business Objectives
Profit
Image
Growth
Service
Survival
Now make up your own - be creative...
make up some mnemonics for Business Studies/Economics.
Two examples:
SPICED
and...
PIGSS for Business Objectives
Profit
Image
Growth
Service
Survival
Now make up your own - be creative...
Diptiy Timeline
Essential homework for all Business Studies and Economics students.
Read this extract from here:
Perhaps it is just me but I find my students resistant to keeping up-to-date with business news.
Please set up the Diptiy timeline this week-end!
Read this extract from here:
Perhaps it is just me but I find my students resistant to keeping up-to-date with business news.
In a last ditch attempt to help them to be at least aware of latest developments I am asking them to set up and use their own Diptiy timeline. Weird name, wacky app.
Essentially students set up an account with Diptiy and then add one or more RSS feeds to create their own clickable in-the-news timelines. The results are shown in the graphic opposite. Click here to see a live example based on the Telegraph.
There are alternative views they can play with eg Flipbook (I-tunes like display of individual stories like CD covers) or a traditional list
My experience of getting students involved is that it is best to give them a ready-to-go list of RSS feed links to select from - dependent on their view and to opt for the BBC and one other - too many feeds confuse
In no particular order, quality broadsheet potential feeds include:
- BBC News | Business | Your Money | UK Edition
- Business blog | guardian.co.uk
- Telegraph Finance
- The Independent - Business News
Please set up the Diptiy timeline this week-end!
Homework for all Economics students in group C + James
How best to fight the recession?
"Fears that the power of interest rates to boost the economy is failing have left The Times Monetary Policy Committee sharply split over how the Bank of England should react today.
Worries that banks’ refusal to lend means that the cost of all borrowing is becoming less relevant have opened divisions over the best next move on rates.
Most members of the independent panel of economic experts are warning of the mounting threat to the economy from the lending drought and on the need for aggressive and unconventional action by the Bank and Treasury to tackle the issue.
But The Times MPC is deeply divided over the implications for today’s decision on interest rates, which is expected to involve a cut to under 2 per cent, a level not reached since the Bank was established in 1694.
Three members call for the Bank to cut rates by a full percentage point to 1 per cent, in what would be its third drastic reduction in three months. Yet such action is opposed by three other members, who argue that rate cuts have become an irrelevant distraction. This faction calls for radical alternative steps to force more bank lending and to boost the flow of credit to businesses. It is suggested that these could include extended guarantees for the banks and perhaps direct public lending to companies.
Even The Times MPC members backing a big rate cut today call for this to be coupled with unorthodox moves through so-called “quantitative easing” – pumping money into the economy and driving down commercial interest rates through the Bank buying up existing debt.
Sushil Wadhwani, a former member of the Bank’s MPC, who called for a full percentage point cut in rates, said: “Rates need to get close to zero quickly and the Bank should then shift to unorthodox measures.”
Bronwyn Curtis, of HSBC, agreed and also backed a one-point rate cut: “If the Bank has to go down the path of using unconventional measures, it is better to cut rates sooner rather than later to pave the way for it.”
A more modest half-point rate cut was advocated by Geoffrey Dicks, of RBS, Charles Goodhart, a founding member of the Bank’s MPC, and Sir Alan Budd, former chief economic adviser at the Treasury. Professor Goodhart said that uncertainty over the state of consumer demand and new wage deals, and the weakness of the pound, justified a more cautious move.
Two panel members – Sir Steve Robson, former Second Permanent Secretary to the Treasury, and Rupert Pennant-Rea, former Bank Deputy Governor – said that there was little point in cutting rates at all. Their stance was backed by Martin Weale, director of the National Institute of Economic and Social Research, who said that this meant there was also little point in voting for any rate change and opted to abstain.
Sir Steve said that “it is pretty clear that cutting rates is having little effect other than to destabilise sterling in a worrying manner”. He argued that the focus should be on the “crux of the problem”, which he said was banks’ “deleveraging” and resulting lending curbs, as well a “major loss of confidence” in many parts of the economy . . . The authorities need to address these issues directly . . . this would point to actions such as open-ended guarantees for the liabilities side of banks’ balance sheets or lending directly from the Government’s balance sheet.”
Mr Pennant-Rea agreed. “The best option is for the Government to guarantee bank loans, for specified purposes and for a limited period. It is high time the monetary debate concentrated on the banks.”
Source: The Times today
Many of you have already finished Unit 2 (Anastasia, Aidana, Long, Beavis and Bibi) others have doine quite a lot of it (Sairan etc) and others will be starting it.
Therefore your HOMEWORK is to outline (and be prepared to defend) policies to recover from the recession in the UK.
This is to be presented on Friday 23rd January.
This is also a Business Studies topic (James and others) so this is your homework too except you have to explain how policies to overcome/recover from the recession may affect a business.
"Fears that the power of interest rates to boost the economy is failing have left The Times Monetary Policy Committee sharply split over how the Bank of England should react today.
Worries that banks’ refusal to lend means that the cost of all borrowing is becoming less relevant have opened divisions over the best next move on rates.
Most members of the independent panel of economic experts are warning of the mounting threat to the economy from the lending drought and on the need for aggressive and unconventional action by the Bank and Treasury to tackle the issue.
But The Times MPC is deeply divided over the implications for today’s decision on interest rates, which is expected to involve a cut to under 2 per cent, a level not reached since the Bank was established in 1694.
Three members call for the Bank to cut rates by a full percentage point to 1 per cent, in what would be its third drastic reduction in three months. Yet such action is opposed by three other members, who argue that rate cuts have become an irrelevant distraction. This faction calls for radical alternative steps to force more bank lending and to boost the flow of credit to businesses. It is suggested that these could include extended guarantees for the banks and perhaps direct public lending to companies.
Even The Times MPC members backing a big rate cut today call for this to be coupled with unorthodox moves through so-called “quantitative easing” – pumping money into the economy and driving down commercial interest rates through the Bank buying up existing debt.
Sushil Wadhwani, a former member of the Bank’s MPC, who called for a full percentage point cut in rates, said: “Rates need to get close to zero quickly and the Bank should then shift to unorthodox measures.”
Bronwyn Curtis, of HSBC, agreed and also backed a one-point rate cut: “If the Bank has to go down the path of using unconventional measures, it is better to cut rates sooner rather than later to pave the way for it.”
A more modest half-point rate cut was advocated by Geoffrey Dicks, of RBS, Charles Goodhart, a founding member of the Bank’s MPC, and Sir Alan Budd, former chief economic adviser at the Treasury. Professor Goodhart said that uncertainty over the state of consumer demand and new wage deals, and the weakness of the pound, justified a more cautious move.
Two panel members – Sir Steve Robson, former Second Permanent Secretary to the Treasury, and Rupert Pennant-Rea, former Bank Deputy Governor – said that there was little point in cutting rates at all. Their stance was backed by Martin Weale, director of the National Institute of Economic and Social Research, who said that this meant there was also little point in voting for any rate change and opted to abstain.
Sir Steve said that “it is pretty clear that cutting rates is having little effect other than to destabilise sterling in a worrying manner”. He argued that the focus should be on the “crux of the problem”, which he said was banks’ “deleveraging” and resulting lending curbs, as well a “major loss of confidence” in many parts of the economy . . . The authorities need to address these issues directly . . . this would point to actions such as open-ended guarantees for the liabilities side of banks’ balance sheets or lending directly from the Government’s balance sheet.”
Mr Pennant-Rea agreed. “The best option is for the Government to guarantee bank loans, for specified purposes and for a limited period. It is high time the monetary debate concentrated on the banks.”
Source: The Times today
Many of you have already finished Unit 2 (Anastasia, Aidana, Long, Beavis and Bibi) others have doine quite a lot of it (Sairan etc) and others will be starting it.
Therefore your HOMEWORK is to outline (and be prepared to defend) policies to recover from the recession in the UK.
This is to be presented on Friday 23rd January.
This is also a Business Studies topic (James and others) so this is your homework too except you have to explain how policies to overcome/recover from the recession may affect a business.
Holiday revision
This is to all taking Business Studies and Economics in January.
Here's a simple way to stay motivated.
Post in your blog what revision you have done. Make a post at the end of each day - even if you have not done anything.
Don't post in detail WHAT you have done merely the topic - and any difficulties in understanding you have faced (and overcome).
This way you'll all motivate each other - and (in this global classroom) you'll see what work others are doing.
Split your entries into:
Economics Unit 1
Economics Unit 2
Business Studies
Thus your entry at the end of today could be:
Sunday 7 December
Revised PPC and elasticity. Looked at 2005 Unit 1 exam paper (www.ocr.org.uk)
Then on Monday you might write:
Monday 8 December
Revised break-even. Made up some questions similar to the ones on www.aqa.org.uk (you'd link to the paper)
Tuesday 9 December
Did nothing except ate chocolate and drank Red Bull all day.
I am sure you get the idea.
This way the network will keep you all motivated - and your grandchildren will be proud.
Remember: Аво́сь да как-нибу́дь до добра́ не доведу́т.
Here's a simple way to stay motivated.
Post in your blog what revision you have done. Make a post at the end of each day - even if you have not done anything.
Don't post in detail WHAT you have done merely the topic - and any difficulties in understanding you have faced (and overcome).
This way you'll all motivate each other - and (in this global classroom) you'll see what work others are doing.
Split your entries into:
Economics Unit 1
Economics Unit 2
Business Studies
Thus your entry at the end of today could be:
Sunday 7 December
Revised PPC and elasticity. Looked at 2005 Unit 1 exam paper (www.ocr.org.uk)
Then on Monday you might write:
Monday 8 December
Revised break-even. Made up some questions similar to the ones on www.aqa.org.uk (you'd link to the paper)
Tuesday 9 December
Did nothing except ate chocolate and drank Red Bull all day.
I am sure you get the idea.
This way the network will keep you all motivated - and your grandchildren will be proud.
Remember: Аво́сь да как-нибу́дь до добра́ не доведу́т.
Revision Quizzes
- Revision Quiz - Marketing Mix (20 Questions)
- Revision Quiz - Marketing: Place
- Revision Quiz - Marketing: Promotion
- Revision Quiz - Marketing: Pricing
- Revision Quiz - Marketing: Products & Brands
- Revision Quiz - Costs, Revenues and Profits
- Revision Quiz - Using Technology in Operations
- Revision quiz - Working with Suppliers
- Revision quiz - Measuring & Improving Profit
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