Secular stagnation and imbalances in the Eurozone: a new response is needed Dr Muhammad Ali Nasir (April 2018)
The Global Financial Crisis (GFC) of 2008, and succeeding sovereign debt crisis, is still making its impact felt in Europe in the form of sluggish growth and high unemployment, particularly at the periphery. Despite apparently buoyant and benign growth in 2017 and the glittering figure of 0.6% in the 3rd quarter of 2017, output is still well below the long-term trend.
The ‘verbal or qualitative easing' of ‘whatever it takes' by Mario Draghi, the flirtation of the European Central Bank (ECB) with negative interest rates, generosity towards Eurozone banks which received have more than €1tn of liquidity via Long Term Refinancing Operations, and the buying of over €2tn of government and corporate bonds in a programme which accumulates another €60bn every month, had some effects in terms of sovereign debt yield, particularly for Italy and Spain. This was a prima facie manifestation of Bindseil and Winkler’s argument that “while the economic rationale of monetary financing prohibitions is clear, they might under some circumstances contribute to the unfolding of a confidence crisis.” [Read More]
Fact or fiction: Re-writing the text on gender inequalities in communication management Prof Ángeles Moreno and Prof Ralph Tench [Mar 2018]
During our twelve years of studying the annual status of the profession through the European Communication Monitor and the Latin American Communication Monitor, we have also painted a picture of the gender issues in public relations and communication management practice.
Firstly, the feminization of the profession is verified with 59.6 percent of women versus 40.4 percent men in European communication roles and 66.6 percent versus 33.4 percent in Latin America in the samples from 2017. Despite the clear acknowledgement that communication is a profession predominantly occupied by a majority of women, the glass ceiling and transparent salary gap between the genders continues to be highly evident. Women also have less probabilities of holding managerial positions. [Read More]
Colonizing the future: The productivity puzzle, March of the Robots, and anxiety versus optimism Prof Jamie Morgan [Feb 2018]The UK has been grappling with a “productivity puzzle”. For the government and Office for National Statistics (ONS) this is something specific. It is the slowdown (described as a downward deviation) of output per hour from its previous upward trend. This began with the financial and economic crisis of 2008, but has since become a “flatlining” where employment has recovered, economic growth has occurred, but some ingredient seems to have been missing, which would allow more to be produced with similar values of resources in the same number of hours. [Read More]
The productivity puzzle: A case for integrated thinking in the professions Dr Iwi Ugiagbe-Green [Feb 2018]As we move through the 21st Century, much of our activity as workers and professionals leads towards the production of economic output and the generation of wealth that are the signs of a prosperous society. Our inputs (and other resources such as land, materials and technology) that lead to the creation of wealth are organised and managed in organisations across the globe. However, the performance of such organisations, particularly in the UK, are often the subject of much economic debate (see for example the Chief Economist of the Bank Of England) in terms of the extent to which they innovate, efficiently allocate resources, and use them to improve productivity. [Read More]
Productivity: Strictly not just the bottom line Dr Ollie Jones [Jan 2018]Politicians, commentators and economists have been vexed about productivity in the UK for some time. This has been referred to as the 'productivity gap', that is, the difference in productivity between the UK and a range of comparable economies, such as the G8, or the ‘productivity puzzle’, the change from 2008 onwards where productivity has flatlined in contrast to the historic upward trend. There is also debate and discussion about the productivity differential between differing regions in the UK, including the Leeds and Yorkshire region, in relation to London. Finally, there is data that suggests that productivity is neither evenly nor normally distributed across the economy with a long tail of low productivity firms, particularly smaller SMEs, sometimes being referred to - unkindly perhaps - as ‘zombie firms’. [Read more]
Leeds Beckett KTP labelled a success leedsbeckett.ac.uk [Nov 2017]
Leeds Beckett University has secured a Knowledge Transfer Partnership (KTP) with Bradford-based business, The Label Makers Ltd. The Knowledge Transfer Partnership (KTP) scheme helps businesses in the UK to innovate and grow. It does this by linking them with an academic or research organisation and a graduate.
The two-year agreement will draw on expertise from the University’s Business School and School of Computing, Creative Technologies and Engineering and focus on data analytics and process improvement within a printing environment. [Read More]
How could this have happened? Prof Simon Robinson (Nov 2017)
As I write this question is ricocheting around Hollywood, post-Weinstein, and even the Houses of Parliament, leading in the first instance to Michael Fallon’s resignation. It is of course déjà vu. In the last decade the same cries went up after all the major governance crises - from the BBC and Jimmy Savile to the Catholic Church; from Parliament to the Mid Staffs Hospital Trust.
I want to suggest that the question is naïve. These things happened precisely because we, and by that I mean leadership and ordinary members of the organization, were not looking. [Read More]
Managing customers' expectations and engagement through personalisation and marketing automation Andy Lima [Oct 2017]In today’s fast-paced, technology-driven, world companies are playing catch-up and struggling to absorb new trends and changes. The speed with which people expect companies to respond to their needs and requirements, combined with how fast they can switch providers, is driving businesses to invest in personalised and automated solutions with the aim of producing better customer engagement. [Read More]
Where next for Integrated Reporting? Dr Fiona Robertson [Jul 2017]Earlier this year, we were delighted to welcome Professor David Welbourn, an associate of our Centre for Governance, Leadership and Global Responsibility and to hear his analysis, thoughts and insights on the future effects of population growth, climate change and urbanisation. He warned us that his statistics would be alarming and he wasn’t wrong! [Read More]
Supporting small business growth [Aug 2017]Young businesses that want to grow are being offered funded business support and expertise by Leeds Beckett University through an innovative business programme. The European Regional Development Fund AD:VENTURE programme, is a partnership of Leeds City Region councils, chambers, universities and private sector organisations, that aims to boost growth and job opportunities in the early years of business. [Read More]
Business Schools: Fit for the Future? [June 2017]
For three days in May, we were delighted to welcome senior representatives from business schools in 17 countries across the globe to the 2017 Annual Conference of the Network of International Business Schools (NIBS) hosted at the Rose Bowl. Dr George Lodorfos, Dean of the Business School, praised the value of NIBS: “It is great to be part of a network of business schools with so many shared views and values." He noted that two key themes of the conference, internationalisation of curriculum and development of strong global engagement strategies, would help to open new opportunities for cooperation and partnerships for the School. [Read More]
Small Family Businesses: a key to economic resilience and sustainability Dr Brian Jones (June 2017)A report published earlier this year by the Institute for Family Businesses highlights the importance of family busineses to the UK economy. There are over 4.5 million of them in the UK, employing over 12 million people and contributing £460 billion to the UK’s Gross Domestic Product (GDP). The importance of family businesses is clear, and at a time of great change – the Brexit negotiations, new government policy and increased global uncertainty – understanding the leadership and management challenges this brings to family businesses is a critical area for research and policy. [Read More]
The Impact of Brexit on UK Businesses Dr Aftab Dean (June 2017)It is over a year since the referendum vote signalled the start of Brexit, and in that time UK businesses have experienced mixed fortunes. Those companies that have a global presence have benefited from the fall in the pound, which has resulted in higher revenues being generated when the currency is converted back to sterling. On the other hand, those companies which purchase many of their raw materials overseas have seen significant increases in costs. [Read More]
Brics and Brexit: Opportunities for the Northern Powerhouse Professor John Shutt (May 2017)
It is commonplace now to argue that a new world order is developing where Brazil, Russia, India and China (BRIC) are major players in the global economy. BREXIT and all the complex negotiations ahead mean that inevitably there will be a new and stronger focus on relationships and new trade agreements with these countries along with the United States, Australia, Canada and New Zealand...
Transformative technologies and their application within financial services Dr David Devins (May 2017)
At a recent guest lecture in the Rose Bowl, Chris Sier, Envoy of the Northern Powerhouse, provided a wake-up call to organisations operating in the Financial Services sector. He drew attention to the Tech Nation 2017 report charting the UKs digital landscape and providing analysis of Britain’s digital economy and clusters...
Integrated Reporting - A Pathway to Rebuilding Trust in Business Dr Fiona Robertson (April 2017)
Society’s trust in key institutions — business, government, NGOs, and media - has reached crisis point, according to a survey by the 2017 Edelman Trust Barometer of over 33,000 respondents in 28 countries. This has primarily been driven by a lack of faith in the capital system that fails to address societal and economic concerns, including globalization, the pace of innovation and eroding social values. In particular, the globalisation of businesses has allowed companies to exploit cheap labour in developing countries, abuse natural resources and cause serious consequences for the natural environment and human health through pollution... [Read More]
University of Redlands - California live International Consultancy Project (LICP) at Rotork, Leeds Professor Mike Brown (April 2017)
For the second year running the University of Redlands in Southern California has sent a group of their top Executive MBA final year students to complete their final consultancy programme here at Leeds Business School. The American blue-chip University has a series of satellite campus based around Southern California from San Diego to Palm Springs and from Hollywood to Temecula... [Read More]
Excellent, moi? Professor Ralph Tench (April 2017)
What constitutes excellence in strategic communication? This is a question we are often asked by business partners in the region. Managers are frequently interested to know what their peers are doing in terms of organisational communication and more importantly what are the high performing organisations and departments doing that makes their company, organisation or brand stand out. This is of course not only interesting to business in the region but also a challenge faced by academics and practitioners of strategic communication for decades around the world... [Read More]
What has Business got to do with Politics? Professor Simon Robinson (April 2017)
What has business got to do with politics? Go to a business school and you might be hard pressed find any answer. Yet business has everything to do with politics; regulation, taxes, opportunities for enterprise; government investment in business and infrastructure; lobbying; corruption; the nature and purpose of business, and so on. The arrival of President. Trump on the scene makes it even more interesting. Now we have a business man leading the free world. Wolin, Hedges and others have argued that what has led to this, certainly in the US, is the ‘incorporation’ of democracy. Business behind the scenes has dominated politics, through intense lobbying, leading to a form of an ‘inverted totalitarianism’, not based in ideology but rather in materialism. [Read More]