IB Business Management
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Scooped by Graham Watson
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September 8, 12:33 PM
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Are US fashion brands at risk of growing anti-American backlash over Trump policies? | Fashion | The Guardian

Are US fashion brands at risk of growing anti-American backlash over Trump policies? | Fashion | The Guardian | IB Business Management | Scoop.it
Concerns over such sentiment outside US rise after Levi’s says UK sales could be hit by president’s decisions
Graham Watson's insight:

Have President Trump's policies adversely affected US brands? I don't know perhaps you should ask Elon Musk.

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Scooped by Graham Watson
October 6, 2:27 AM
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Jaguar Land Rover to restart some production after cyber-attack

Jaguar Land Rover to restart some production after cyber-attack | IB Business Management | Scoop.it
Work is to resume first at the carmaker's engine factory in Wolverhampton on Monday.
Graham Watson's insight:

And on the back of the previous story, it's a big day for Jaguar Land Rover as the carmaker's engine factory in Wolverhampton is restarting production, good news for suppliers.

 

That said, some of the smaller suppliers have already had to lay off workers and there's criticism of the government intervention because none of the funds offered have found their way down to the bottom of the supply chain. 

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Scooped by Graham Watson
October 5, 2:56 PM
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Way past its prime: how did Amazon get so rubbish? | Amazon | The Guardian

Way past its prime: how did Amazon get so rubbish? | Amazon | The Guardian | IB Business Management | Scoop.it
Sick of scrolling through junk results, AI-generated ads and links to lookalike products? The author and activist behind the term ‘enshittification’ explains what’s gone wrong with the internet – and what we can do about it
Graham Watson's insight:

I'll just pop this here - the author of a book entitled "Enshittification Why Everything Suddenly Got Worse and What to Do About It". He argues that Amazon is symptomatic of the modern world, and charts its decline. It's worth a read just to see whether you agree with it or not.

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Scooped by Graham Watson
September 24, 12:42 PM
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The rise and fall of Disney: how the company found then lost its backbone | Walt Disney Company | The Guardian

The rise and fall of Disney: how the company found then lost its backbone | Walt Disney Company | The Guardian | IB Business Management | Scoop.it
Recent storm over Kimmel’s suspension is latest black mark for corporation that has been abandoning diversity and inclusivity
Graham Watson's insight:

Has Disney lost its lustre? Certainly this Guardian article suggests that the wholesome values that used to be a central feature of the Disney brand are in short supply as the organisation abandons diversity and inclusivity. 

 

However, is its decline a function of the company and a failure of its culture or is it symptomatic of the wider challenges that face the market, not least because moviemaking simply isn't as profitable as it used to be. 

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September 20, 1:18 AM
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When even Ben & Jerry’s can’t speak out, it’s clear: the era of corporate responsibility is over | Austin Sarat | The Guardian

When even Ben & Jerry’s can’t speak out, it’s clear: the era of corporate responsibility is over | Austin Sarat | The Guardian | IB Business Management | Scoop.it
Jerry himself has left the ice-cream company, alleging it had been silenced. He’s yet another casualty of corporate kowtowing
Graham Watson's insight:

An excellent opinion piece in the Guardian looking at the decision of Jerry Greenfield to step away from his role with Ben & Jerry's and wondering about whether this signals something about the wider American business environment, namely that business - like everybody else - must kow-tow to the President.

 

It's a striking title too - is the era of corporate social responsibility over? And what does this mean for brands who purpose goes beyond profit and shareholder value?

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September 14, 3:46 AM
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Anarchy in the IPA: as punk brewer’s sales stall, are we past peak BrewDog? | BrewDog | The Guardian

Anarchy in the IPA: as punk brewer’s sales stall, are we past peak BrewDog? | BrewDog | The Guardian | IB Business Management | Scoop.it
An embrace of private equity and publicity missteps have diluted the craft beer company’s original rebel ethos
Graham Watson's insight:

This article suggests that one iconic craft brewing brand BrewDog has lost its lustre, with revenues flat. Some attribute this to a change in ownership with private equity taking a stake in the company, factor in reports of a "toxic culture" at the brewer and its brand image has certainly been tarnished .However, is this an almost inevitable consequence of successful, and rapid, growth?

 

It's a thought provoking article that all Business Management students should read.

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Scooped by Graham Watson
September 8, 12:33 PM
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Are US fashion brands at risk of growing anti-American backlash over Trump policies? | Fashion | The Guardian

Are US fashion brands at risk of growing anti-American backlash over Trump policies? | Fashion | The Guardian | IB Business Management | Scoop.it
Concerns over such sentiment outside US rise after Levi’s says UK sales could be hit by president’s decisions
Graham Watson's insight:

Have President Trump's policies adversely affected US brands? I don't know perhaps you should ask Elon Musk.

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September 4, 1:59 AM
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John Lewis targets gen Z with Topshop revival tie-up | Retail industry | The Guardian

John Lewis targets gen Z with Topshop revival tie-up | Retail industry | The Guardian | IB Business Management | Scoop.it
Retailer says leather jackets and denim will resonate with younger shoppers and create a ‘family day out’
Graham Watson's insight:

Good brand never die, they just...I don't know, reappear at a later date. In this case, the Top Shop and Top Man brands dating from the 1960s, but which disappeared from the High Street five years ago, are back, albeit in partnership with John Lewis. Top Shop is going to appear in 32 of the company's 36 stores and the hope is that it has cross-generational appeal. 

 

On another note, the article highlights the fact that "Last year’s return of the group’s now 100-year-old price promise, never knowingly undersold had gone better than expected". I wonder if that was sacrificed on the altar of the previous Chair, Dame Sharon White, who had no retail experience and yet was installed with a near £1m salary. 

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July 7, 6:18 AM
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How Hampton Inn Became Hilton's Silent Moneymaker

Hampton Inn may appear unassuming, with its uniform architecture and standardized interiors. But it ranks among the most profitable hotel brands globally. Founded in 1984 to offer a middle ground between luxury hotels and aging motels, Hampton says it focused on value, consistency and guest satisfaction. After Hilton acquired the brand in 1999, it expanded to more than 3,000 locations and now outperforms major competitors in the midscale segment. Its success is driven by scale, reliability and -- surprisingly -- waffles.

Graham Watson's insight:

This Bloomberg Original clip looks at the rise of the Hampton Inn, and the extent to which it's now one of the most profitable global brands, straddling, as it does, the middle ground of the hotel world. 

 

It's a lovely look at the importance of market positioning, and how the brand is now a cash cow for its owners, Hilton.

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June 23, 4:28 PM
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M&S fashion rivals ‘benefited from its pause on online orders after cyber-attack’ | Marks & Spencer | The Guardian

M&S fashion rivals ‘benefited from its pause on online orders after cyber-attack’ | Marks & Spencer | The Guardian | IB Business Management | Scoop.it
Marks & Spencer’s sales slumped, while Next, Zara and H&M experienced pickup, analysts say
Graham Watson's insight:

An interesting insight into the consequences of the cyber attack on Marks & Spencer's is the fact that it lost market share to some of its competitors, such as Next, Zara and H&M, according to the latest data. Sales were down by 20% when compared to the previous year - and those sales now account for one-third of all clothing and homeware sales.

 

Thus, it's clear that cybercrime has very real costs for the modern business, and it will be interesting to see if Marks And Spencer's reputation will see them regain any lost market share.

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Scooped by Graham Watson
June 17, 3:03 AM
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Trump Organization enters mobile phone business

Trump Organization enters mobile phone business | IB Business Management | Scoop.it
It is the latest plan by US President Donald Trump's family that looks to cash on his name.
Graham Watson's insight:

This is one of the oddest articles that I've ever 'scooped' but the Trump Organisation is diversifying into the mobile phone market, with the launch of the Trump phone. 

 

They claim that it's built in the US, but there will be many questions about where the components are sourced from. The phone will cost $499, and the monthly network charge will be $47.45, reflecting the number of President that President Trump is. 

 

Make of it what you will: however, my take is that the Presidency is now being used for two ends - personal enrichment and to keep the President out of prison - rather than advancing American interests.

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Scooped by Graham Watson
June 6, 1:54 AM
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Sports Direct pricing practices ‘may be breaking the law’, Which? says | Retail industry | The Guardian

Sports Direct pricing practices ‘may be breaking the law’, Which? says | Retail industry | The Guardian | IB Business Management | Scoop.it
Consumer group makes claims of ‘some questionable and dodgy pricing tactics’ on retailer’s website
Graham Watson's insight:

Clearly price is an important part of the marketing mix but in this case Sports Direct appear to be manipulating consumers by using a Manufacturers Suggested Retail Price to imply that customers are getting a better deal than they really are. 

 

What's worse, is that the brands being sold in this fashion are part of the Mike Ashley business empire, so it's seemingly part of a coherent attempt to deceive conusmers. Which? have informed the Competition and Markets Authority. 

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Scooped by Graham Watson
May 30, 5:27 AM
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Why There’s a Billion-Dollar Battle to Own 7-Eleven

7-Eleven convenience stores perfected their model in Japan, where diverse, fresh-food offerings attract locals and tourists alike. However, the company has struggled to replicate its success abroad, particularly in the US.

Now a new player believes it can do a better job at creating a global convenience store empire. Canadian company Couche-Tard, owner of Circle K stores, has made an unsolicited bid to buy Seven & i Holdings, the parent of 7-Eleven.

The deal would be the biggest foreign takeover of a Japanese company in history. But residual resistance to foreign corporations and 7-Eleven’s place in modern Japanese culture could make the deal a hard sell.

Graham Watson's insight:

This Bloomberg clip looks at how cultural differences have meant that while 7-Eleven has a really successful business model in Japan, isn't hasn't worked as well elsewhere, not least the US. 

 

This year has seen a takeover bid for Seven & i Holdings, the owner of 7-Eleven, from a Canadian company, Couche-Tard, owner of Circle K stores, which seems to want to try and create a global convenience store. This clip looks at how the Japanese model has proved successful and why its proved difficult to replicate.

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May 14, 9:12 AM
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‘Customers are being duped’: how murky grocery sales tactics are squeezing some Kroger shoppers | US news | The Guardian

‘Customers are being duped’: how murky grocery sales tactics are squeezing some Kroger shoppers | US news | The Guardian | IB Business Management | Scoop.it
Kroger stores in multiple states have overcharged customers by listing expired sale tags and then ringing up regular prices – a practice that adds extra burdens on struggling US families
Graham Watson's insight:

This Guardian piece asserts that US grocery retailer, Kroger - the country's second largest grocery brand -  is acting unethically, and probably also breaking consumer law by continuing to list sales prices on shelves, only to charge the regular price to customers at the checkout. Research by the paper, in association with its media partners found evidence of this in 14 of 26 stores reviewed. 

 

Evidence such is this being widely known is likely to damage the company's brand image.  

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Scooped by Graham Watson
October 6, 2:14 AM
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The true cost of cyber hacking on businesses

The true cost of cyber hacking on businesses | IB Business Management | Scoop.it
Are this year's major attacks the "cumulative effect of a kind of inaction on cyber security" from the government and big business?
Graham Watson's insight:

The issue of cyber security is part of the IB syllabus, albeit a small part. However, I can see that future years examination questions will start to ask about cyber attacks and their potential impact on a business, making this sort of article essential reading.

 

It talks about the costs of such attacks, their increased frequency and the impact on revenues and brand image for the companies' affected.

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Scooped by Graham Watson
September 25, 3:23 AM
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Co-op says ‘malicious’ cyber-attack has hit profits by £80m | Co-operative Group | The Guardian

Co-op says ‘malicious’ cyber-attack has hit profits by £80m | Co-operative Group | The Guardian | IB Business Management | Scoop.it
Retailer says it needs to focus on weaknesses in food business that led to gaps on shelves in its stores
Graham Watson's insight:

More evidence of the importance of cyber security and information management systems, with the news that a cyber attack on Co-op cost the group an estimated £80m in profits last year. The attack gained members' data and damaged supply chain. 

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Scooped by Graham Watson
September 24, 3:22 AM
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Amazon to close its UK grocery stores

Amazon to close its UK grocery stores | IB Business Management | Scoop.it
The online retail giant says it would convert five of the 19 shops into Whole Foods stores.
Graham Watson's insight:

It looks like Amazon's plans for world domination have been put on hold, with the news that it's to close its 19 UK grocery stores, almost all of them in London, albeit that 5 of them are being converted into Whole Foods stores instead. 

 

I particularly like the comments of the analyst: "I think that grocery everywhere in the world, including the UK is very competitive...It's unlikely that Amazon Fresh has created a differentiated offering and it may not even have ideal locations, so it's probably not been set up well for success from the start." However, even as an outsider, I doubt whether it would have taken me - or most good Business Management students that long to have figured this out. 

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Scooped by Graham Watson
September 19, 12:18 PM
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Ben & Jerry's co-founder Jerry Greenfield quits over social activism row

Ben & Jerry's co-founder Jerry Greenfield quits over social activism row | IB Business Management | Scoop.it
His resignation marks the latest development in a dispute with parent company Unilever.
Graham Watson's insight:

I scoop this because the Ben & Jerry's brand is iconic, and what has happened to it since it was bought by Unilever, and subsequently being spun off to the Magnum Ice Cream Company, is a depressingly familiar tale. The social activism that helped give the brand its appeal has been sidelined, and as a result, co-founder Jerry Greenfield, who's been with the company for nearly 50 years has had enough. He's resigned, symbolising the end for the original culture inculcated by one of the most famous iconoclastic brands.  

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Scooped by Graham Watson
September 10, 3:34 AM
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Apple debuts thinner, $999 iPhone Air at ‘awe-dropping’ annual product event | Apple | The Guardian

Apple debuts thinner, $999 iPhone Air at ‘awe-dropping’ annual product event | Apple | The Guardian | IB Business Management | Scoop.it
Company also augments AirPods earbuds with live translation and reveals upgrades to Apple Watch
Graham Watson's insight:

It's here, it's annual and for afficionados of the iPhone, it will be a must have. Apple have launched a thinner iPhone with a price tag of $999 and also enhanced AirPods and the Apple Watch. Plenty to think about in relation to marketing, brand loyalty and, for the economists who stray here, PED.

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September 5, 8:25 AM
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Fast fashion’s quick decline: Asos and Boohoo have that post-Covid feeling | Asos | The Guardian

Fast fashion’s quick decline: Asos and Boohoo have that post-Covid feeling | Asos | The Guardian | IB Business Management | Scoop.it
Once worth £5bn, Asos dropped out of the FTSE 250 this week and other brands face sharp competition in a tough market
Graham Watson's insight:

Interesting little article looking at the decline of fast fashion brands Asos and Boohoo, suggesting that their product life cycle is exceptionally short, with the former dropping out of the FTSE 250.

 

But what has caused this? You'll have to read the article to find out - yes, the rise of Shein and Temu have played a part but there are some intriguing demand-side factors at play too,  

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Scooped by Graham Watson
August 30, 2:22 AM
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How coffee chains like Costa lost the matcha generation

How coffee chains like Costa lost the matcha generation | IB Business Management | Scoop.it
Costa's owner Coca-Cola is reportedly looking to sell the chain as its popularity cools off. What, if anything, has gone wrong?
Graham Watson's insight:

A KES-themed Business Management scoop: this time looking at the prospects for Costa Coffee amidst speculation that Coca-Cola are looking to sell the brand, for up to half the $4.9bn they paid Whitbread for it in 2019.

 

There are many reasons for this given in the article - it's worth a read if you are Business Management student because it highlights how trends change and sometimes major chains aren't nimble enough to react to changing market demand and their marketing mix isn't quite right.

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June 30, 2:09 PM
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Aldi in Oasis rebrand as homage to band ahead of Manchester gigs

Aldi in Oasis rebrand as homage to band ahead of Manchester gigs | IB Business Management | Scoop.it
Aldi rebrands Greater Manchester store 'Aldeh' for Oasis' five homecoming gigs in Heaton Park.
Graham Watson's insight:

I'll leave this here. No comment required, apart from suggesting it's a little bit lame...

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Scooped by Graham Watson
June 20, 3:30 AM
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Buy here now: Oasis to open series of merch stores before reunion gigs | Oasis | The Guardian

Buy here now: Oasis to open series of merch stores before reunion gigs | Oasis | The Guardian | IB Business Management | Scoop.it
Exclusive: first store opens in Spinningfields, Manchester, two weeks before band’s first gig in 16 years in Cardiff
Graham Watson's insight:

A brilliant example of diversification that also shows how the music industry has changed, with the Guardian reporting that Oasis are opening six merchandise stores across the country to capitalise on their reunion gigs this summer. 

 

The 41 gig tour is reputed to be earning the Gallagher brothers anywhere between £40 and £400m, depending upon who you believe, and if it's true that the 50% of merchandise sales go to them, you might start thinking it will be nearer the larger of the two figures. 

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Scooped by Graham Watson
June 9, 3:24 AM
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Why Nintendo Is So Expensive | So Expensive | Business Insider

Nintendo has been a video game giant since the early 1980s. For about 15 years, big-budget Nintendo games cost $60. In fact, that was the standard game price across the industry. Meanwhile, Nintendo’s consoles are generally cheaper than most competing gaming systems, such as the Xbox and the PlayStation. Its consoles have never cost more than $300…until now.

At $450, the Switch 2 is Nintendo’s priciest console. And Mario Kart World is priced at $80 — the most expensive base game Nintendo has ever released. Some fans are outraged by the price increase. But some industry analysts say that it’s time for games to be more expensive, considering the rising costs of game development and inflation, among other factors.

So, why is Nintendo suddenly so expensive? And what does an $80 game mean for Nintendo and the entire video game industry?

Graham Watson's insight:

This excellent Business Insider clip looks at the launch of the Nintendo Switch 2, at a higher price of $450 and with more expensive games, with Mario Kart World costing $80. 

 

So how are they able to justify this higher price? And what Business Management concepts can you bring to bear in analysing this. 

 

Is it an example of a firm exploiting its established brand to charge a premium price, or does it represent a more fundamental reset for a sector that's been characterised by nearly a decade of price stability?

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Scooped by Graham Watson
June 5, 10:52 AM
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UK sales of new Tesla cars slump by more than a third amid Musk backlash | Tesla | The Guardian

UK sales of new Tesla cars slump by more than a third amid Musk backlash | Tesla | The Guardian | IB Business Management | Scoop.it
Electric carmaker sold 36% fewer cars year on year in May as it loses ground to China’s BYD and other rivals
Graham Watson's insight:

You could be forgiven for thinking that I take pleasure in posting that Tesla's UK sales are down by over a third - and you'd be right. However, as well as Elon Musk's willingness to associate with an unpopular President, there's now greater competition from Chinese electric cars who are at a more competitive price point.

 

As the article makes clear, last month, Tesla sold 2,016 vehicles in the UK in May. BYD? 3.025. And in overall terms, it looks like Volkswagen are on the cusp of becoming the leading brand of electric car in the UK.  

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Scooped by Graham Watson
May 22, 3:08 AM
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The cyber-attack is costly and embarrassing. But M&S should pull through | Nils Pratley | The Guardian

The cyber-attack is costly and embarrassing. But M&S should pull through | Nils Pratley | The Guardian | IB Business Management | Scoop.it
If £300m can be whittled down to £150m, it’s a big hit but still a long way from upsetting M&S’s broader revival
Graham Watson's insight:

This Nils Pratley piece is a nice summary of how M&S has dealt with the recent cyber-attack and its likely response. He suggests that for all the criticism of the firm, it's actually dealt with the crisis reasonably well, and that it shouldn't derail what appears to be an upturn in trading performance. However, it needs to get things right from this point on if it's to maintain its brand image and, perhaps more importantly, pre-tax profits.

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