shift-happens-u-k adapted diffley2 - six

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Presentation Transcript

Slide 1: 

Business Studies

Slide 2: 

In business there are always winners and losers

Slide 3: 

But the competition is changing. FAST!!

Slide 6: 

Great Britain …in 1900

Slide 7: 

But suddenly there are more players

Slide 11: 

The 5% of the population in China

Slide 12: 

of the UK

Slide 13: 

7%

Slide 14: 

They have more gifted & talented students, than we have students

Slide 18: 

Times are changing

Slide 19: 

How we will work is also changing

Slide 20: 

It is estimated that

Slide 22: 

According to former US Secretary of Education Richard Riley…

Slide 28: 

OASIS took Indie music from a Niche to a Mass market

Slide 32: 

Knowledge Worker are raring to go

Slide 40: 

Using a

Slide 41: 

Young people are at the forefront of some of the biggest business successes

Slide 44: 

Surfing the net now IS real work

Slide 46: 

The economy is changing too

Slide 47: 

Even a sole trader can go global

Slide 49: 

We all need to be green

Slide 50: 

But the Credit Crunch is here

Slide 51: 

Fuel and energy prices have soared

Slide 52: 

Food prices are soaring

Slide 54: 

Sorry guys the Non Inflationary Consistent Expansion time is over!

Twenty is the new five : 

Twenty is the new five Spending power is down

Circular Flow of Income - interdependent : 

Circular Flow of Income - interdependent National output (GDP) National expenditure National input Injections Government Spending (G) Exports (x) Investment (I) Consuming (C) Leakages Saving (S) Imports (m) Taxes (T) Households Income (Y) AD = C+I+G+(X-M) Firms

Aggregate (all) supply and demand curves and closeness to ‘Output Capacity’ : 

Aggregate (all) supply and demand curves and closeness to ‘Output Capacity’ This is just so you understand how it works, you won’t have to reproduce this

Economic cycle : 

Economic cycle Contracting Expanding

Economic indicators : 

Economic indicators + Expectations and confidence

Lastest UK GDP Figures : 

Lastest UK GDP Figures A fall in 2 consecutive quarter = Recession

Slide 61: 

Number of claimants increased Number of jobs available decreased e.g., The number of people out of work in the UK in the three months to September jumped by 140,000 to 1.82 million - the highest in 11 years. The unemployment rate rose to 5.8%, up from 5.4% in the previous quarter, according to official figures

Its not just the original jobs, but supporting jobs too : 

Its not just the original jobs, but supporting jobs too

InflationUK CPI down from 5.2% in September to 4.5%RPI down to 4.2% : 

InflationUK CPI down from 5.2% in September to 4.5%RPI down to 4.2% Why do you think RPI has dropped below CPI for the first time? What, in particular, has gone down recently to lead to a down turn in the CPI?

Slide 64: 

Inflation in Britain fell sharply to 4.5% in October, own from a 16 year high, thanks to lower petrol and food prices

Possible Deflation : 

Possible Deflation

BOE interest rates slashed from 4.5% to 3%, lowest since 1955 : 

BOE interest rates slashed from 4.5% to 3%, lowest since 1955

UK Balance of Payment : 

UK Balance of Payment The UK has had a persistent current account deficit for the past 17 years. Not given much concern until recent increase in the size and significance. Economists warning that a current account deficit can pose a threat to long term growth. Why the big deficit? 1. Strong Pound. Against the $dollar (weak against others), squeezed profitability out of exports 2. Relatively Higher Economic Growth. In 2007, leading to more imports 3. Long Term Decline in manufacturing

Externalities : 

Externalities The business Ethics Market & Competitive influences Economic influences Technical influences Legal influences Social influences Market type Growth potential Elasticity Substitute effect Income effect Fair/unfair EU Global CC OFT Business cycle xrate tax unemployment Econ growth inflation Interest rate Internet R&D CAD Intranet Employment rights Sales of goods ASA Consumer protection Trade description Stakeholders Trends Ethics CSR Changing customer needs and wants Environment Political

What happened? : 

What happened? A combination of Credit crunch Increase in global commodity prices - food Energy and fuel prices rose Development of China and India making resources scarce House prices soaring Crisis of confidence

Activity: Impact on current UK economy? : 

Activity: Impact on current UK economy? Unemployment Inflation Economic growth Balance of Payments Interest rates Confidence Doesn’t affect all sectors of the economy. Who might affected more or less than other?

How do are different people and businesses affected by the economy? : 

How do are different people and businesses affected by the economy? What do you think the Government should do? Will an extra 2.5% off make you rush out and spend?

Grandad pensioner : 

Grandad pensioner

Graduate : 

Graduate

Single mum : 

Single mum

Business woman – domestic market : 

Business woman – domestic market

Businessman- International exporter : 

Businessman- International exporter

Ramsgate tourism : 

Ramsgate tourism

Young couple starting out : 

Young couple starting out

Builder : 

Builder

Middle aged family with kids off to university : 

Middle aged family with kids off to university

Unemployed person : 

Unemployed person

Property developer : 

Property developer

Slide 89: 

Every business will need to innovate, change and adapt

Slide 90: 

Opportunities are still there

Slide 91: 

If you have the know how

Communication is key : 

Communication is key

Slide 94: 

We live in a world of fast and excessive information

Slide 95: 

9 out of 10 teenagers have a home computer, a mobile phone and a games console

Daily, layered media use is the norm : 

Daily, layered media use is the norm

Slide 99: 

MSN 24/7: Its now usual to be having 10 simultaneous conversations - More than 150 contacts

Slide 100: 

Often communicating through videos No language barriers there

Slide 102: 

fibre We have third generation fiber optics

Slide 105: 

It is estimated that a week’s worth of The Times…

What’s worth remembering? What can’t you forget? : 

What’s worth remembering? What can’t you forget?

Knowledge is fluid, you need the skills to manage and update it : 

Knowledge is fluid, you need the skills to manage and update it Never stop asking questions

Slide 108: 

This is your time

Slide 109: 

Learn from trying – get it right, get it wrong

Own it : 

Own it Learn to

Slide 111: 

Work together

Slide 113: 

Evaluate

Slide 114: 

Form an opinion

Its an exciting time to study Business! : 

Its an exciting time to study Business! Its an exciting time to study business

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