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Small Data - Business Strategy Review

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Small data that have a big impact on businesses. …

Small data that have a big impact on businesses.

This was first published in Business Strategy Review, Volume 24, Issue 4 - 2013. Subscribe today to receive your quarterly copy delivered to your home or work place. http://bit.ly/BSR-subscribe

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  • 1. Small data It really is a numbers business © Copyright 2014 London Business School
  • 2. BUSINESS STRATEGY REVIEW 2 In his speech to the Institute of Directors’ Annual Convention 2013, Virgin Group founder Sir Richard Branson confirmed that 700 tickets have been sold for Virgin Galactic’s commercial passenger flights into space. Next stop space hotels? Source: telegraph.co.uk
  • 3. BUSINESS STRATEGY REVIEW 3 UK employees are less productive than the majority of their G7 counterparts. In 2012, output per employee in the UK was 19 per cent below the G7 average, while output per hour worked was 16 per cent less than the G7 average, the widest gap since 1994. Only Japan fared worse. From 2007 to 2012 GDP per hour fell by two percentage points in the UK, but was up three percentage points on average in the rest of the G7. Source: ons.gov.uk
  • 4. BUSINESS STRATEGY REVIEW 4 The latest incarnation of Take-Two Interactive’s video game phenomenon, Grand Theft Auto V, saw global first-day sales top $800m (£496m) recouping the reported $270m (£170m) development costs within 24 hours. It’s the fastest selling, highest grossing launch for any video game. Source: take2games.com
  • 5. BUSINESS STRATEGY REVIEW 5 Happier people earn more. Research by economist Professor Satya Paul, University of Western Sydney, looked at the effect of happiness on income inequality, after controlling for various factors. Australian respondents rated their happiness from one to ten. The happiest earned about Aus$1,766.70 (£1,022) a year more than the most miserable. Source: smh.com.au
  • 6. BUSINESS STRATEGY REVIEW 6 At 9pm, 12 September 2013, Twitter quietly tweeted on its official page that it had “confidentially submitted an S-1 to the SEC for a planned IPO.” Opinions on valuation vary, but with ad revenues for 2013 estimated by eMarketer at $545m, and total tweets per day running at about 500 million, guesstimates predict the business will be valued at $15bn upwards. Source: blog.twitter.com
  • 7. BUSINESS STRATEGY REVIEW 7 With annual new credit in China at 21 trillion yuan (£2.15trn) in August 2013, it is the fifth year in a row that net new credit has exceeded more than one third of China’s GDP. Credit of all types is up from $9trn (£5.5trn) to $23trn (£14trn) in five years, with the total now 200 per cent of GDP. Source: ftchratings.com
  • 8. BUSINESS STRATEGY REVIEW 8 UN migrant figures highlight the increasing globalisation of labour. In 1990 there were 150 million international migrants in the world. Today there are 230 million. Although 171 million international migrants are of working age, there is still a significant number (26 million) aged 65 and over. Source: esa.un.org
  • 9. BUSINESS STRATEGY REVIEW 9 The size of the largest ever single donation to London Business School is £25m. The gift, announced in the autumn, was made by the Idan and Batia Ofer Family Foundation towards funding the redevelopment of the iconic Old Marylebone Town Hall, now renamed The Sammy Ofer Centre. Source: london.edu
  • 10. BUSINESS STRATEGY REVIEW 10 The world record transfer fee for a football player is €100m (£84m). Gareth Bale left Tottenham Hotspur and signed a six-year contract at Spanish football club Real Madrid during the 2013 summer transfer window. Total spending by premiership clubs in the UK that summer was a record £630m. Sources: theguardian.com; bbc.co.uk/sport
  • 11. BUSINESS STRATEGY REVIEW 11 In 2000, China produced 604,677 passenger cars. By 2005 it was producing 3,078,153 cars, with total new car sales of 3,971,101. In 2012 total passenger car production in China was 15,523,658, the most of any country. Sales were 15,495,240. In comparison the US produced 4,105,853 cars in 2012, down from 4,321,272 in 2005. Source: oica.net t
  • 12. BUSINESS STRATEGY REVIEW 12 The estimated cost of global fraud is £2.91trn. Since the beginning of the recession the global average cost of fraud has increased by almost 20 per cent, to reach 5.47 per cent of GDP. A 40 per cent cut in the UK’s losses to fraud would be roughly equivalent to the UK Government’s military defence budget. Sources: bdo.uk.com; ukpublicspending.co.uk
  • 13. BUSINESS STRATEGY REVIEW 13 The Institute of the European Investment Bank has created two new economics awards to recognise and stimulate excellence in economic and social research, and its implementation and diffusion. The first Young Economist Prize was awarded to Professor Elias Papaioannou from London Business School, while Professor Klaus Zimmermann, University of Bonn, won the Outstanding Contribution Award. Source: institute.eib.org
  • 14. BUSINESS STRATEGY REVIEW 14 Apple’s next generation mobile operating system was released in September 2013. As of June 2013, Apple had sold 600 million iOS devices. The previous OS, iOS6, ran on 93 per cent of active i-devices. Sources: macstories.net; techpinions.com
  • 15. BUSINESS STRATEGY REVIEW 15 This was first published in Business Strategy Review Volume 24 Issue 4 2013 Visit our website www.london.edu/bsr