The document summarizes the key concerns and ideas raised by over 1,200 business leaders during Fine Gael business forums across Ireland. The business leaders' top concerns included high labor costs, taxes, and commercial rents. They called for tax relief for businesses, increased access to credit, reductions in red tape and government charges. The document also outlines Fine Gael's economic plans to address these issues through tax cuts, establishing a national recovery bank, reducing regulations and reforming public tendering processes to better support small businesses.
This document provides an overview of the Australian retail industry, including:
- The retail industry accounts for 4.1% of Australia's GDP and employs over 1 million people. It is diverse in business size, region, formats, and goods sold.
- Both current trading conditions and long-term trends present challenges for retailers as consumer spending has shifted towards services and online shopping.
- Regulations around planning, zoning, trading hours, and workplace flexibility also impact the industry's competitiveness and ability to innovate.
Irish Political Economy, class 7: Strategies for Wage-Led GrowthConor McCabe
This document discusses strategies for wage-led economic growth. It argues that wages in Ireland are low compared to other EU countries and increasing wages could boost economic growth. The document presents several arguments in favor of wage increases, including that productivity in Ireland is high enough to support higher wages without harming competitiveness. It also argues that greater socialization of the economy through higher social wages and labor rights could help ensure the benefits of wage growth are shared broadly. The document concludes by proposing specific policies like minimum wage increases and stronger collective bargaining to establish a wage-led growth strategy in Ireland.
Ireland needs to take several steps to regain competitiveness. It must reduce costs such as labor costs that rose above competitive levels during the economic boom. It also needs to improve infrastructure like broadband internet speeds that are below the EU average. Additionally, developing renewable energy sources and improving public transportation in cities could enhance Ireland's competitiveness. Overall, lowering costs while upgrading infrastructure and pursuing innovation are keys to regaining an edge in attracting foreign investment and trade.
This is my first professional writing and my first published writing as well, appeared in The Bangladesh Accountant (ICAB) January - March,2015. Here I reproduce the same for your valuable evaluation. It was on Financial Accounting.
This presentation by Hiro Odagiri, Professor, Department of Economics, Hitotsubashi University, was made during the discussion “Market Concentration” held at the 129th meeting of the OECD Competition Committee on 7 June 2018. More papers and presentations on the topic can be found out at oe.cd/2gw.
This document discusses key economic indicators and concepts that managers should consider when assessing a country's economic environment. It covers topics such as gross domestic product, inflation, unemployment, income distribution, poverty, debt, and balance of payments. Economic systems such as market economies, command economies, and mixed economies are also profiled. The document emphasizes that economic environments differ globally and it is important for managers to understand economic changes, connections, and consequences in different country contexts.
This document analyzes internal trade costs in Canada using detailed trade and output data. It finds:
1) Internal trade accounts for around 11% of Canadian output on average and is as important as international trade for some provinces.
2) Estimated internal trade costs are large (8-15% of trade value) and vary significantly across sectors and provinces, with poorer regions generally facing higher costs.
3) Reducing internal trade costs by liberalizing sectors could significantly increase Canada's GDP and welfare, with gains estimated between $50-130 billion or 3-7% of GDP depending on the policy experiment. Highly interconnected industries have the largest gains from liberalization.
The document summarizes the key concerns and ideas raised by over 1,200 business leaders during Fine Gael business forums across Ireland. The business leaders' top concerns included high labor costs, taxes, and commercial rents. They called for tax relief for businesses, increased access to credit, reductions in red tape and government charges. The document also outlines Fine Gael's economic plans to address these issues through tax cuts, establishing a national recovery bank, reducing regulations and reforming public tendering processes to better support small businesses.
This document provides an overview of the Australian retail industry, including:
- The retail industry accounts for 4.1% of Australia's GDP and employs over 1 million people. It is diverse in business size, region, formats, and goods sold.
- Both current trading conditions and long-term trends present challenges for retailers as consumer spending has shifted towards services and online shopping.
- Regulations around planning, zoning, trading hours, and workplace flexibility also impact the industry's competitiveness and ability to innovate.
Irish Political Economy, class 7: Strategies for Wage-Led GrowthConor McCabe
This document discusses strategies for wage-led economic growth. It argues that wages in Ireland are low compared to other EU countries and increasing wages could boost economic growth. The document presents several arguments in favor of wage increases, including that productivity in Ireland is high enough to support higher wages without harming competitiveness. It also argues that greater socialization of the economy through higher social wages and labor rights could help ensure the benefits of wage growth are shared broadly. The document concludes by proposing specific policies like minimum wage increases and stronger collective bargaining to establish a wage-led growth strategy in Ireland.
Ireland needs to take several steps to regain competitiveness. It must reduce costs such as labor costs that rose above competitive levels during the economic boom. It also needs to improve infrastructure like broadband internet speeds that are below the EU average. Additionally, developing renewable energy sources and improving public transportation in cities could enhance Ireland's competitiveness. Overall, lowering costs while upgrading infrastructure and pursuing innovation are keys to regaining an edge in attracting foreign investment and trade.
This is my first professional writing and my first published writing as well, appeared in The Bangladesh Accountant (ICAB) January - March,2015. Here I reproduce the same for your valuable evaluation. It was on Financial Accounting.
This presentation by Hiro Odagiri, Professor, Department of Economics, Hitotsubashi University, was made during the discussion “Market Concentration” held at the 129th meeting of the OECD Competition Committee on 7 June 2018. More papers and presentations on the topic can be found out at oe.cd/2gw.
This document discusses key economic indicators and concepts that managers should consider when assessing a country's economic environment. It covers topics such as gross domestic product, inflation, unemployment, income distribution, poverty, debt, and balance of payments. Economic systems such as market economies, command economies, and mixed economies are also profiled. The document emphasizes that economic environments differ globally and it is important for managers to understand economic changes, connections, and consequences in different country contexts.
This document analyzes internal trade costs in Canada using detailed trade and output data. It finds:
1) Internal trade accounts for around 11% of Canadian output on average and is as important as international trade for some provinces.
2) Estimated internal trade costs are large (8-15% of trade value) and vary significantly across sectors and provinces, with poorer regions generally facing higher costs.
3) Reducing internal trade costs by liberalizing sectors could significantly increase Canada's GDP and welfare, with gains estimated between $50-130 billion or 3-7% of GDP depending on the policy experiment. Highly interconnected industries have the largest gains from liberalization.
This document discusses privatization and provides an introduction, definitions, and objectives. Privatization is defined as transferring an enterprise from the public to private sector. Governments pursue privatization to improve efficiency and reduce costs. Reasons for privatization include improving resource use, operating efficiency, and dynamic efficiency through investment. Methods for privatizing include creating an enabling environment, streamlining the process, and preparing enterprises. Potential benefits are discussed such as improved efficiency and lack of political interference, as well as potential disadvantages like natural monopolies and loss of dividends. The success of privatization depends on factors like industry, regulation, and competition.
The document defines several economic terms and concepts related to macroeconomics. It provides descriptions of key terms such as AAA credit rating, absolute advantage, absolute poverty, accelerator effect, accession countries, accommodatory policy, adjusted net savings, advanced economies, age dependency ratio, and ageing population. In less than 3 sentences, the document is a glossary that defines various macroeconomic terms and concepts.
This document provides an overview of key concepts in international business and marketing. It discusses reasons why nations trade, including seeking new markets and growth opportunities. Absolute and comparative advantage in international trade are explained. Methods for measuring international trade like balance of trade and exchange rates are also described. Finally, the document outlines major barriers to global business like cultural differences, infrastructure issues, and various types of trade restrictions.
FDI refers to investment made by a company located in one country into business interests located in another country. There are several strategies and theories behind why companies make FDI. Some of the main benefits of FDI include availability of scarce resources, improvements to balance of payments, and economic development in the host country. Recent policy changes in India have opened up additional sectors fully to FDI and increased caps in others like defense and insurance. Cross-border M&A allows companies to expand globally but they must consider regulatory, tax and accounting differences between countries. The US and Europe are large participants in the global cross-border M&A market.
This document defines key economic terms used in macroeconomics. It provides definitions for terms like AAA credit rating (the best credit rating indicating negligible risk of default), accelerator effect (planned investment is positively linked to past and expected consumer demand growth), and aggregate supply shock (an inflation or potential output shock that reduces output and can increase inflation). In total, it defines over 30 important macroeconomic concepts.
How internationalization affects different firms in a different way ?QuentinCharraudeau
This document discusses how internationalization affects different firms. It focuses on Europe, which accounts for 25.8% of global GDP. Internationalization is measured by exports, imports, and foreign direct investment. Productivity and competitiveness are key factors for firms. Productivity depends on technological progress, investment, labor quality, and innovation. Competitiveness is influenced by factors like costs, subsidies, and productivity. Firms that export more products to more markets tend to perform better. Characteristics of successful exporters include being larger, more profitable, and capital intensive. Distance between countries impacts bilateral trade flows.
08 Cross-National Cooperation and AgreementsBrent Weeks
To identify the major characteristics and challenges of the World Trade Organization
To discuss the pros and cons of global, bilateral, and regional integration
To describe the static and dynamic impact of trade agreements on trade and investment flows
To define different forms of regional economic integration
To compare and contrast different regional trading groups
To describe other forms of global cooperation such as the United Nations and OPEC
Focus on fiscal policy – balanced budget fiscal expansiontutor2u
The document discusses the concept of a "balanced budget fiscal expansion" which aims to stimulate economic growth while maintaining a balanced budget. It involves cutting some spending, like public employee wages, and using the savings to increase other spending, like on infrastructure, that is expected to have a higher fiscal multiplier effect. Several factors can affect the size of the fiscal multiplier, including the type of spending/tax change, who benefits, private sector expectations and credit availability, and responses from monetary policy and other countries. Examples given of policies using this concept include bringing forward tax increases to fund temporary infrastructure spending or cutting some spending to increase capital investment.
The document discusses exchange rates and is divided into chapters. Chapter 10 covers the determination of exchange rates. It describes the International Monetary Fund (IMF) and its role in establishing exchange rates. Countries can choose between hard peg, soft peg, or floating exchange rate arrangements. It also discusses how the European Monetary System established exchange rate stability in Europe and how the euro became the currency of the Eurozone. The major determinants of exchange rates are also identified, such as demand for a country's goods and currency. Managers use fundamental and technical analysis to forecast exchange rate movements. Exchange rate changes influence business decisions in areas like marketing, production, and finance.
The global pattern of foreign direct investment in recent yearsAlexander Decker
This document summarizes research on patterns of foreign direct investment (FDI) globally and factors influencing it. It discusses how FDI has shifted from developed to developing countries, especially Brazil, Russia, India, China and South Africa (BRICS). It also examines theories around why multinational corporations engage in FDI according to advantages of resources, markets, and costs. Political stability, property rights, tax policy and regulations in host countries impact FDI flows. Capital flight is another factor, as the US benefits from outflows to other nations due to the strength of the dollar.
This document discusses key economic indicators and concepts that are important for international business managers to consider when analyzing a country's economic environment. It covers different types of economic systems, measures of economic development and performance such as GNI per capita, as well as other important factors like inflation, unemployment, income distribution, poverty, and balance of payments. The overall goal is to communicate the importance of economic analysis and introduce students to the various indicators and concepts that are relevant for international business managers to understand countries' economic situations and environments.
This presentation by Jason Furman, Professor of the Practice of Economic Policy, Harvard Kennedy School, was made during the discussion “Market Concentration” held at the 129th meeting of the OECD Competition Committee on 7 June 2018. More papers and presentations on the topic can be found out at oe.cd/2gw.
The latest Regus Business Confidence Index shows that global business confidence remains steady; mature economies are showing confidence gains; and emerging economies have tempered their outlook somewhat. But no-one in business is letting a confidence uplift divert them from a continued focus on efficiency gains.
This document provides an overview of entrepreneurship and small and medium enterprises (SMEs) from a national and international perspective. It examines the economic significance of startups and SMEs, comparing their role in employment and GDP across countries. It also reviews common challenges faced by SMEs, such as low survival rates, regulatory burdens, and difficulties obtaining financing for growth. Government policies to support SMEs through reduced taxes, regulations, and aid programs are discussed.
The Ireland that works campaign maps out the key priorities for business in the next phase of the recovery and will form a central part of Ibec's activities to influence and shape the national debate.
With the Troika gone, Ireland has important decisions to make on how to build on the economic progress already made, tackle unemployment and drive growth across the economy. We need to get these right.
At Ibec we plan to lead the debate. We have identified five pressing issues on the national agenda that will have a major impact on Ireland’s success into the future:
1. We need to reduce the tax burden: Ireland is out of line internationally and our income tax rates, in particular, are too high. Irish consumers deserve a break.
2. We need better government: Poorly designed policy, legislation and regulation add to the cost of doing business and are an obstacle to growth and job creation.
3. We need to invest in the future: To meet our future economic needs, we need to spend much more on infrastructure projects and skills and education.
4. We need to extend Ireland’s global reach: International debates on tax and EU reform could have major implications for Ireland. We need to influence and shape the agenda.
5. We need to promote entrepreneurship: Business need to have access to effective enterprise supports, credit and export markets. Risk needs to be rewarded.
We hope the campaign priorities are relevant, challenging and resonant with your own ambitions for your business and for Ireland. Ibec will be rolling out more elements of the campaign over the coming weeks and months, and we'll keep you updated on our blog.
Download, share or embed this campaign brochure.
You can also join the conversation on twitter, #irelandworks @ibec_irl or on the Ibec Linkedin group.
Quotient Marketing is a management consulting firm that helps companies improve their marketing and sales processes to increase revenue and profits. It analyzes operational processes, identifies potential savings, recognizes business drivers, and reevaluates processes. Using business intelligence tools and a quality process reengineering approach, Quotient Marketing helps companies generate revenue growth, productivity improvements, and better asset utilization without requiring capital expenditures.
Asi už vám někdy přišel účet za elektřinu, vodu ba i plyn. S tou částkou se nedá nic dělat. Opravdu nedá? Jak ušetřit elektřinu pomocí hromady dat, tlustých skel v oknech a pár drátů, jak vyhodnocovat další úsporné strategie a jak tím změnit svět?
The document contains a collection of poems submitted by various authors on the topics of nature, animals, relationships and personal reflections. The poems employ different styles ranging from descriptive imagery to rhyming verses. Overall the document showcases the creative works of multiple poets expressing themselves through short form poetry.
The Niger River Delta faces issues from oil production compromising its ecological health, which could have current and future consequences for the region, continent, and world. The militant group MEND exists due to these issues, while the roles of government and local leaders in either exacerbating problems or solutions are unclear. Both the ecological and human impacts require further examination.
This document provides Keith Ferrazzi's guide to hosting a successful holiday dinner party. Some of the key points discussed include:
- Creating a theme for the party can help pull together the food and atmosphere. The theme could be based on a recipe, dress code, or type of cuisine.
- Keep the guest list manageable at 6-10 people and invite a few more in case some can't make it. Mix familiar guests with one or two new people.
- Send invitations at least a month in advance so people have time to plan. This also allows the host to know who is coming.
- Keep the food simple by making one large dish that can be prepared ahead of time
The concept of reaching out to others for support isn’t
about changing who you are. It’s about enlisting the help
and advice of others to help you become who you can be.
This document discusses privatization and provides an introduction, definitions, and objectives. Privatization is defined as transferring an enterprise from the public to private sector. Governments pursue privatization to improve efficiency and reduce costs. Reasons for privatization include improving resource use, operating efficiency, and dynamic efficiency through investment. Methods for privatizing include creating an enabling environment, streamlining the process, and preparing enterprises. Potential benefits are discussed such as improved efficiency and lack of political interference, as well as potential disadvantages like natural monopolies and loss of dividends. The success of privatization depends on factors like industry, regulation, and competition.
The document defines several economic terms and concepts related to macroeconomics. It provides descriptions of key terms such as AAA credit rating, absolute advantage, absolute poverty, accelerator effect, accession countries, accommodatory policy, adjusted net savings, advanced economies, age dependency ratio, and ageing population. In less than 3 sentences, the document is a glossary that defines various macroeconomic terms and concepts.
This document provides an overview of key concepts in international business and marketing. It discusses reasons why nations trade, including seeking new markets and growth opportunities. Absolute and comparative advantage in international trade are explained. Methods for measuring international trade like balance of trade and exchange rates are also described. Finally, the document outlines major barriers to global business like cultural differences, infrastructure issues, and various types of trade restrictions.
FDI refers to investment made by a company located in one country into business interests located in another country. There are several strategies and theories behind why companies make FDI. Some of the main benefits of FDI include availability of scarce resources, improvements to balance of payments, and economic development in the host country. Recent policy changes in India have opened up additional sectors fully to FDI and increased caps in others like defense and insurance. Cross-border M&A allows companies to expand globally but they must consider regulatory, tax and accounting differences between countries. The US and Europe are large participants in the global cross-border M&A market.
This document defines key economic terms used in macroeconomics. It provides definitions for terms like AAA credit rating (the best credit rating indicating negligible risk of default), accelerator effect (planned investment is positively linked to past and expected consumer demand growth), and aggregate supply shock (an inflation or potential output shock that reduces output and can increase inflation). In total, it defines over 30 important macroeconomic concepts.
How internationalization affects different firms in a different way ?QuentinCharraudeau
This document discusses how internationalization affects different firms. It focuses on Europe, which accounts for 25.8% of global GDP. Internationalization is measured by exports, imports, and foreign direct investment. Productivity and competitiveness are key factors for firms. Productivity depends on technological progress, investment, labor quality, and innovation. Competitiveness is influenced by factors like costs, subsidies, and productivity. Firms that export more products to more markets tend to perform better. Characteristics of successful exporters include being larger, more profitable, and capital intensive. Distance between countries impacts bilateral trade flows.
08 Cross-National Cooperation and AgreementsBrent Weeks
To identify the major characteristics and challenges of the World Trade Organization
To discuss the pros and cons of global, bilateral, and regional integration
To describe the static and dynamic impact of trade agreements on trade and investment flows
To define different forms of regional economic integration
To compare and contrast different regional trading groups
To describe other forms of global cooperation such as the United Nations and OPEC
Focus on fiscal policy – balanced budget fiscal expansiontutor2u
The document discusses the concept of a "balanced budget fiscal expansion" which aims to stimulate economic growth while maintaining a balanced budget. It involves cutting some spending, like public employee wages, and using the savings to increase other spending, like on infrastructure, that is expected to have a higher fiscal multiplier effect. Several factors can affect the size of the fiscal multiplier, including the type of spending/tax change, who benefits, private sector expectations and credit availability, and responses from monetary policy and other countries. Examples given of policies using this concept include bringing forward tax increases to fund temporary infrastructure spending or cutting some spending to increase capital investment.
The document discusses exchange rates and is divided into chapters. Chapter 10 covers the determination of exchange rates. It describes the International Monetary Fund (IMF) and its role in establishing exchange rates. Countries can choose between hard peg, soft peg, or floating exchange rate arrangements. It also discusses how the European Monetary System established exchange rate stability in Europe and how the euro became the currency of the Eurozone. The major determinants of exchange rates are also identified, such as demand for a country's goods and currency. Managers use fundamental and technical analysis to forecast exchange rate movements. Exchange rate changes influence business decisions in areas like marketing, production, and finance.
The global pattern of foreign direct investment in recent yearsAlexander Decker
This document summarizes research on patterns of foreign direct investment (FDI) globally and factors influencing it. It discusses how FDI has shifted from developed to developing countries, especially Brazil, Russia, India, China and South Africa (BRICS). It also examines theories around why multinational corporations engage in FDI according to advantages of resources, markets, and costs. Political stability, property rights, tax policy and regulations in host countries impact FDI flows. Capital flight is another factor, as the US benefits from outflows to other nations due to the strength of the dollar.
This document discusses key economic indicators and concepts that are important for international business managers to consider when analyzing a country's economic environment. It covers different types of economic systems, measures of economic development and performance such as GNI per capita, as well as other important factors like inflation, unemployment, income distribution, poverty, and balance of payments. The overall goal is to communicate the importance of economic analysis and introduce students to the various indicators and concepts that are relevant for international business managers to understand countries' economic situations and environments.
This presentation by Jason Furman, Professor of the Practice of Economic Policy, Harvard Kennedy School, was made during the discussion “Market Concentration” held at the 129th meeting of the OECD Competition Committee on 7 June 2018. More papers and presentations on the topic can be found out at oe.cd/2gw.
The latest Regus Business Confidence Index shows that global business confidence remains steady; mature economies are showing confidence gains; and emerging economies have tempered their outlook somewhat. But no-one in business is letting a confidence uplift divert them from a continued focus on efficiency gains.
This document provides an overview of entrepreneurship and small and medium enterprises (SMEs) from a national and international perspective. It examines the economic significance of startups and SMEs, comparing their role in employment and GDP across countries. It also reviews common challenges faced by SMEs, such as low survival rates, regulatory burdens, and difficulties obtaining financing for growth. Government policies to support SMEs through reduced taxes, regulations, and aid programs are discussed.
The Ireland that works campaign maps out the key priorities for business in the next phase of the recovery and will form a central part of Ibec's activities to influence and shape the national debate.
With the Troika gone, Ireland has important decisions to make on how to build on the economic progress already made, tackle unemployment and drive growth across the economy. We need to get these right.
At Ibec we plan to lead the debate. We have identified five pressing issues on the national agenda that will have a major impact on Ireland’s success into the future:
1. We need to reduce the tax burden: Ireland is out of line internationally and our income tax rates, in particular, are too high. Irish consumers deserve a break.
2. We need better government: Poorly designed policy, legislation and regulation add to the cost of doing business and are an obstacle to growth and job creation.
3. We need to invest in the future: To meet our future economic needs, we need to spend much more on infrastructure projects and skills and education.
4. We need to extend Ireland’s global reach: International debates on tax and EU reform could have major implications for Ireland. We need to influence and shape the agenda.
5. We need to promote entrepreneurship: Business need to have access to effective enterprise supports, credit and export markets. Risk needs to be rewarded.
We hope the campaign priorities are relevant, challenging and resonant with your own ambitions for your business and for Ireland. Ibec will be rolling out more elements of the campaign over the coming weeks and months, and we'll keep you updated on our blog.
Download, share or embed this campaign brochure.
You can also join the conversation on twitter, #irelandworks @ibec_irl or on the Ibec Linkedin group.
Quotient Marketing is a management consulting firm that helps companies improve their marketing and sales processes to increase revenue and profits. It analyzes operational processes, identifies potential savings, recognizes business drivers, and reevaluates processes. Using business intelligence tools and a quality process reengineering approach, Quotient Marketing helps companies generate revenue growth, productivity improvements, and better asset utilization without requiring capital expenditures.
Asi už vám někdy přišel účet za elektřinu, vodu ba i plyn. S tou částkou se nedá nic dělat. Opravdu nedá? Jak ušetřit elektřinu pomocí hromady dat, tlustých skel v oknech a pár drátů, jak vyhodnocovat další úsporné strategie a jak tím změnit svět?
The document contains a collection of poems submitted by various authors on the topics of nature, animals, relationships and personal reflections. The poems employ different styles ranging from descriptive imagery to rhyming verses. Overall the document showcases the creative works of multiple poets expressing themselves through short form poetry.
The Niger River Delta faces issues from oil production compromising its ecological health, which could have current and future consequences for the region, continent, and world. The militant group MEND exists due to these issues, while the roles of government and local leaders in either exacerbating problems or solutions are unclear. Both the ecological and human impacts require further examination.
This document provides Keith Ferrazzi's guide to hosting a successful holiday dinner party. Some of the key points discussed include:
- Creating a theme for the party can help pull together the food and atmosphere. The theme could be based on a recipe, dress code, or type of cuisine.
- Keep the guest list manageable at 6-10 people and invite a few more in case some can't make it. Mix familiar guests with one or two new people.
- Send invitations at least a month in advance so people have time to plan. This also allows the host to know who is coming.
- Keep the food simple by making one large dish that can be prepared ahead of time
The concept of reaching out to others for support isn’t
about changing who you are. It’s about enlisting the help
and advice of others to help you become who you can be.
UKUPA Jan 09: User Experience In A DownturnUXPA UK
Gerred Blyth (Lighthouse Experience) and Be Kaler Blake (Aquent) presented on their perspective on the user experience industry and how companies and individuals can cope and find opportunities during the economic downturn. Discussions and pop quiz results from the evening are incorporated in the slides.
Thomas Storring - Reaching our international trade goalsonens
This document discusses Nova Scotia's goals of increasing exports to exceed $20 billion by 2024 and analyses opportunities and challenges. It notes that NS has failed to meet this target in the past but met it previously. The document examines NS's trade patterns compared to other provinces and concludes growth will primarily come from increased output. It identifies sectors with potential for expanded exports and warns against protectionism, subsidies, and favoritism that could hinder competition and innovation needed to develop strong business cases for trade. The document advocates allowing fair competition and focuses on improving skills, infrastructure, and international trade agreements to support trade growth.
Retailers can significantly increase and diversify their income streams by using their websites to generate secondaryrevenue - revenue that does not come
directly from main product lines of a company - and thus safeguard and increase revenue using their current websites.
Aegon Bank of America Merrill Lynch Financials ConferenceAegon
This document summarizes the CEO of Aegon's presentation at the Bank of America Merrill Lynch Financials Conference on October 1-2, 2014. The CEO discussed how Aegon is well positioned for growth, focusing on capturing opportunities in pension plans, increasing digital capabilities and improving efficiency. Aegon has achieved sales growth while reducing costs and is on track to meet its 2015 targets, positioning it for continued sustainable earnings growth.
The retail sector makes significant contributions to the UK economy. It employs over 3 million people across the country and provides flexible employment opportunities. Retail delivers great value for customers through low prices and innovative business models. It also supports the wider economy by spending £130 billion annually with other sectors and paying £30 billion in taxes. UK retailers have embraced e-commerce, leading the world in online retail spending and sales to international customers. Overall, retail is an important, innovative sector that benefits both consumers and the UK as a whole.
The document discusses the state of the UK public finances and economy. It notes that while the financial system has stabilized, risks and uncertainties remain. Growth is expected to continue but on a choppy, uneven path as a result of headwinds like fiscal tightening and consumer weakness balanced against tailwinds such as strong corporations and momentum from financial repair. The UK government aims to eliminate the structural deficit by 2015 through deep departmental budget cuts and welfare reforms despite total public spending remaining above 40% of GDP. Outsourcing and social enterprises are discussed as potential ways to lower costs while maintaining quality of public services.
Competing Effectively in a Fragmented Market: The Route to a More Profitable ...Tez Wu
This document discusses consolidation in the global accountancy market, with the Big Four accounting firms (Deloitte, PwC, EY, and KPMG) earning approximately two-thirds of the top-end market share. It also discusses strategies for smaller accounting firms to compete effectively in this fragmented market, such as focusing resources, deepening client relationships, developing industry expertise, and adopting a demand-driven business model focused on client needs rather than available services. Developing industry-focused groups requires in-depth industry knowledge and integrating these groups formally into the firm's organizational structure.
This document provides an overview of recent M&A activity from Catalyst Corporate Finance LLP in three paragraphs:
1) It summarizes that Catalyst completed 25 deals worth over £1 billion in 2014, a record year. The deals crossed various sectors and many involved international aspects. In 2015 so far they have completed five more deals worth over £500 million.
2) It discusses that their focus on investing time in the right potential buyers for clients' businesses has benefits like protecting confidentiality and more expedient deal timelines. They also create innovative solutions for clients, like debt funding structures, and have added new advisors.
3) It highlights trends of increasing cross-border M&A activity with
Update on Aegon's strategy, performance and positioning to maximize future opportunities. Presented by Aegon Investor Relations Officers, Bradley Roberts and Jan Willem Weidema. For further information contact Aegon Investor Relations email: IR@aegon.com or Telephone + 31 70 344 83 05.
The document summarizes the key concerns and ideas raised by over 1,200 business leaders during Fine Gael forums across Ireland. The top issues discussed were high labor costs, including the minimum wage and social partnership agreements, as well as high commercial rates. Business leaders also expressed concerns about the lack of credit for small businesses, public sector tendering processes that exclude small companies, redundant regulation, poor quality graduates, lack of political leadership, high commercial rents, inadequate infrastructure, and high energy costs. Some also noted that social welfare payments were too high and disincentivized full employment.
The document summarizes the key concerns and ideas raised by over 1,200 business leaders during Fine Gael business forums across Ireland. The business leaders' top concerns included high labor costs, taxes, and commercial rents. They called for tax relief for businesses, increased access to credit, reductions in red tape and government charges. The document also outlines Fine Gael's economic plans to address these issues through tax cuts, establishing a national recovery bank, reducing regulations and reforming public tendering processes to better support small businesses.
The document summarizes the key concerns and ideas raised by over 1,200 business leaders from across Ireland during meetings with Fine Gael's economic team. The top issues discussed were high labor costs, including concerns about the minimum wage, social partnership agreements, and lack of competitiveness. Other concerns included high commercial rates, lack of access to credit, barriers to public sector contracts for small businesses, excessive red tape and regulation, poor quality graduates, lack of political leadership, high commercial rents, inadequate infrastructure, high energy costs, and disincentives caused by social welfare payments. Fine Gael committed to policies to address these issues and promote job creation and business growth in Ireland.
PA Cost Out Maturity Benchmark - Full 10 Sector Report v 141016Liam Palmer
The document discusses cost-out maturity across different sectors. It finds that the ability to reduce costs sustainably varies significantly between sectors. Automotive leads in cost-out maturity due to decades of competition and pressure to standardize supply chains. Life sciences ranks second due to factors like the "patent cliff" forcing a focus on reducing non-value adding costs. While all sectors can improve, automotive scores well in strategy, skills and approaches but still has gaps, such as integrating cost data. Leading organizations address cost reduction through six dimensions of maturity: strategy, organization, processes, tools, skills and approaches.
Presentation by Michael Haliassos, Goethe University Frankfurt, CFS, SAFE, and CEPR at the Conference "Have We Learnt Anything from the Crisis?" in Riga, Latvia. 17.10.2014
The Main Costs And Benefits Of The Financial Sector Of UkCandice Him
The document discusses the costs and benefits of the UK financial sector. It notes that the financial sector plays a pivotal role in providing finance for consumption and investment, and includes institutions like banks, building societies, insurance companies, and pension funds. Banks account for 57% of the UK financial sector's gross value added. A well-functioning financial sector benefits the economy by providing payment systems, financial intermediation between savers and borrowers, and facilitating risk management. However, a flawed financial system without proper regulation can lead to economic disaster, particularly during recessions.
Succeeding in large round fundraising or M&A in the COVID recession Victor Basta
Slides presented recently at a tech growth CEO workshop (for emerging markets, but generally applicable), about succeeding post COVID in growth fundraising or strategic M&A
Etude PwC "Cash for growth" sur le BFR (2014)PwC France
http://bit.ly/AmeliorationBFR
L’étude "Cash for growth" de PwC analyse les performances des entreprises sur l'optimisation de leur BFR. PwC a passé en revue les comptes de 7 368 entreprises à travers le monde, et calcule le montant total de cash qu'une efficacité accrue permettrait de libérer.
This document presents a fantasy budget proposal from a student team at Galway-Mayo Institute of Technology. It proposes several reforms to encourage growth and stability, including regulating rent increases through a rent index, offering tax credits to encourage foreign direct investment outside Dublin, reforming commercial tax rates based on businesses' ability to pay, and introducing a food hygiene rating scheme. The proposals aim to provide stability for tenants, encourage regional development, support small and medium enterprises, and ensure food safety standards.
Similar to Wit Rikon Marketing Institute Presentation (20)
1. Market Research /Trend Forecasting Dr. Patrick Lynch Senior Researcher The RIKON Group Waterford Institute of Technology
2. RIKON: Who are we? RIKON Office: 051 834032Email: rikon@wit.ie The RIKON Group is located within the School of Business at Waterford Institute of Technology and undertakes pioneering research and consultancy in: Innovation, Knowledge Transfer Organisational Networks Internationally recognised quality researchers The Group consists of six senior researchers and 22 researchers Mission Is to become the leading Group for small business innovation and knowledge management research in Ireland and gain an international reputation for its activities in research and practice. Since its inception, the RIKON Group has grown to become one of the Ireland’s most respected and prolific research groups
3. What do we do ? The RIKON Group will work closely with companies to understand their specific requirements and to craft an Innovation Voucher that will deliver and innovative solution, provide additional value for the company and have on-going benefits EI Innovation Vouchers €5,000 The Innovation Voucher initiative is designed to encourage SME’s and public knowledge providers such as the RIKON Group at WIT to work together on specific innovation questions and projects related to the company's needs. All small enterprises are eligible to apply Less than 50 employees Has either an annual turnover and/or an annual Balance Sheet total not exceeding €10m An integral part of the RIKON mission is ......to assist SMEs to; enhancing their managerial capabilities facilitating the development and the management of collaborative business networks. The team are dedicated to delivering actionable insights to business decision makers through cost effective commercial research.
4. National Demographics Demographic Trends 4.42 million 54.5% (25-64)- Majority 34.6% (0-24) – Smaller families 151,600 persons over 65 (2008)- mostly female Birth rates increased in the last year in all other age categories, with the birth rate for women aged 35 to 39 (91 per 1,000 women) and 40 to 44 (18 per 1,000 women) being the highest since 1982 and 1987 respectively. The excess of births over deaths has increased almost three fold since its low point of 16,600 in 1994. The overall population increase of 0.8 per cent was unevenly distributed across the regions, Mid-East –strongest growth at 2.1 % Dublin -weakest growth at -0.5%
5. National Picture 2009 Gross Domestic Product declines (GDP) GDP prices were 7.4 per cent lower GNP was 11.6 per cent lower. The Truth of the Matter: 2009 figures in comparison to 2008 figures as follows: Consumer spending - was 6.8 per cent lower Capital investment, - declined by 24.4 per cent Net Exports (exports minus imports) were €1,369 million higher The volume of output of Industry (incl. Construction) decreased by 11.3per. Construction alone - fell by 30.8 per cent Output of Distribution, Transport and Communications was down 8.6 per cent while, Output of Other Services was 2.8 per cent
6. Unemployment Rises There were 186,900 males and 77,700 females unemployed in the second quarter of 2009, An increase of 137,900 (+108.8%) in the year. Unemployed males increased by (+122.0%), female unemployment increasing by (+82.4%).
7. Household Incomes Rural versus Urban Rural households’ disposable income is already below that of their urban counterparts and recent CSO figures show disposable income per person was highest in the Dublin region, = 12% above the State average. The Border region was 8% below the average and the Midland region was 9.4% below average. Only Limerick, Kildare and Meath were the other counties above the State average. Donegal had the lowest disposable income per person at more than 16.5% below the state average
8. Household Income: Debt to income ratio: This affects spending ........ Source: CSO In an international league table of personal indebtedness, Ireland’s consumers had moved from 17th in 1995 to 4th in 2008 Average earnings after tax (disposable income): Assuming all earnings are increased in line with pay agreements, the estimated gross earnings in October 2008 = €41,200 per person; However...... We must consider the debt to income ration Furthermore we must consider the income levy which /...... Income levy reduces disposable income by €824 per annum (CSO) Law Reform Commission says Irish household debt to disposable income rose from 48% in 1995 to 176% in 2009 (Finfacts) Simply the debt to income ratio has increased from 48% to 176% in 14 years
9. Disposable Income Personal spending has declined dramatically over the last four years.
10. Household Disposal Income CSO – County Incomes and Regional GDP 2006 Overview of the Country's Disposal income......... Most disposal income – Dublin >110 Meath, Carlow and Limerick – 100- 110 Cork, Waterford and Wicklow...... – 95-100 Clare, Tipperary, Kilkenny, Wexford... 90-95 Kerry, Laois, Offaly,......- >90
11. Sales Fall: Volume The only sector showing year on year volume increases in Retail Sales were department stores – up 0.2%I Sales have plummeted, in particular in the motor industry. The most significant declines are; CSO- sales are down 15% July 2009 compared to 2008 The motor trade alone is down 48.2% Non specialised stores-inc supermarkets down 3.8% Clothing and textiles – down 9.4% Bar Trade – down 9.7% Household equipment – down 17.1% If Motor Trades are excluded the volume of retail sales decreased by 6.2%
12. Retail Sales Decline : Value Value of retail sales fell by 19.2% (July 2009- compared to the same period 2008) However there are signs of stabilisation in retail spending ........ Economist Deirdre Ryan (2009)- This will result in retail job loses and excess commercial space – for some years (IBEC, 2009) Consumers will be encouraged to save and pay off debts than to spend Wage rates have been frozen and some are decreasing. Exports of goods and services falling by 5% in 2009.
13. Prices fall by 6.5% in the year to September The most notable changes in the year were decreases in Housing, Water, Electricity Gas & Other Fuels (-28.5%), Clothing & Footwear (-13.8%), Food & Non-Alcoholic Beverages (-6.0%) Transport (-4.0%). Prices fell Services by 7.5% Goods fell by 5.3%. Beverages (-1.3%) and Transport (-0.9%). Transport fell due to decreases in airfares. There were increases Miscellaneous Goods & Services (+7.6%), Alcoholic Beverages & Tobacco (+7.5%), Education (+3.9%) Health (+2.5%). Clothing & Footwear (+3.6%). Statistics prepared by CSO, 2009
14. Conservative Shopper At Present Consumers are postponing “big ticket” purchases on the back of worrying about future income . Consumers are changing the way they shop Conservative Purchasing is now the trend. They are being smarter with their money focusing more intently on Quality Value After sale service Deals/ bonus etc. Once stability returns....... new stability 2010 will not mark a return to the spending patterns that dominated before the economic downturn The shopper of tomorrow is a conservative shopper- Will spend 6% to 10% less That means some spending habits consumers have adopted during the recession will likely continue when good times return, In surveys conducted, consumers made such remarks as "We have lived and learned and will continue to be more conservative, and "We've gotten used to the new way and see the benefits."
15. When companies focus on profitability they tend to look at their operating expenses, which generally results in headcount reductions and/or restructuring of company operations. These are only short-term measures but have long-term effects. While certain redundant headcount and other operational expenses may be eliminated, these reductions require that the remaining company resources be asked to do more with less. Focus on Profitability & Operating Costs?
16. The continual talk of ‘tough times’, ‘economic hardship’, and a ‘recession’ is causing many business to be fearful of what lies ahead. A common response to declining sales is to cut the price However, price is often the enemy of differentiation. Being different should be worth something. That difference is the reason that supports the case for paying a little more -or at least the same - for a product or service. But when price becomes the focus of a company's marketing activities, what you are doing is making price the main consideration for picking your company’s product’s or service over your competition. NOT A HEALTHY OPTION Few companies find happiness with this approach. Why? because your competitors can cut their prices any time they want as well. THERE GOES YOUR ADVANTAGE As Michael Porter says, cutting prices is usually insane if the competition can go as low as you can. Let’s Cut the Price?
17. Most will say they are in the business of selling a product or service to a particular group of customers in order to increase their revenues and market share. Few will respond that they are in the business of providing value to their customers to create a long-term loyal and profitable relationship that will assure their market share. So what does your company do?
18. We are now living in ‘uncertain economic times’ and this requires businesses to apply a ‘different’ kind of mindset to how they approach business issues going forward than they did during the ‘Celtic Tiger’. Business viability is at top of everyone’s agenda. Cash flow is a major issue Business should remember one basic truth – the source of your business’s cash flow is your customer base. So what are you doing to keep your existing customers loyal? Irish consumers are faced with financial insecurity and instability, they will seek out Products/Services/brands they trust. So do you know whether your Products/Services/brands is delivering on your customer expectations in this uncertain economic times? Going Forward is about Going Back to Basics
19. In the old ‘Celtic’ economy, most companies viewed customers on what they had to sell them – inside out perspective In the new economy, the focus of companies has to be more of an out-side-in perspective based on identifying customers’ needs and what they will buy. Focusing on what customers need is key to growing top-line revenues, reducing operating expenses and growing the bottom line. Creating Value is Critical to Success
20. Loyal customers repeatedly do business with you whether or not you offer the best, lowest price or fastest delivery of your product/service. Why ? Because these customers perceive they are receiving value Customers buy value, therefore it follows that improving the customer experience will improve the bottom line by increasing customer loyalty or retention. Customers buy value
21. By providing a great experience with the right customers, over time, companies experience improved financial performance and more loyal customers. A 5% reduction of customer defection can result in profit increase of 25-100%. A 2% increase in customer retention equals cutting operating cost by 10%. It costs at least five times more to obtain new customers than it does to retain (and resell to) customers you already have. The Value of Customer Loyality
22. Lead by example Practice what you preach (it’s not just about value but reinforcement of that value through actions) Play to win-win (create a win-win with your employees who deliver the value) Be picky (be selective in choosing your customers) Keep it simple (hold employees responsible and accountable for loyalty and give them clear and simple guidelines to be able to create it) Reward the right results (reward your loyal customers and those employees who create value for them) Listen hard, talk straight (ask questions, seek to understand and communicate the answer clearly) Increasing Revenue and Profitability Through Delivering Customer Value
23. 2. Customer value is everyone’s responsibility No one person is responsible for delivering value to customers but rather everyone is. This requires teamwork that crosses organizational boundaries. Employees must be given the authority and tools to treat customers right and to marshal whatever resources they need to address the problem. Increasing Revenue and Profitability Through Delivering Customer Value
24. 3. Create Customer Loyalty Creating loyalty and establishing value goes beyond just having a satisfied customer. Delighted Customers - Exceeded Satisfied Customers - expected Dissatisfied Customers 80 percent of businesses believe they deliver a superior customer experience, but only eight percent of their customers agree Increasing Revenue and Profitability Through Delivering Customer Value
25. 3. Create Customer Loyalty Understand the buying behavior of your customer and their needs throughout the entire customer life cycle. Understand Moments of Truth - episodes where a customer comes into contact with any aspect of a business (however remote) and thereby has an opportunity to form an impression Do you understand your customers experience journey (Pre-joining, Joining, Participation, Leaving, Reflection)? Is there a point of accountability within the company for taking care of the customer? The importance of Research and Doing your Homework is Critical Increasing Revenue and Profitability Through Delivering Customer Value
26. Step 1. Determine what your customers value most when making purchase decisions. Do they value quality more than cost? Step 2. Assess your performance in each value. How do your customers rate your company in the areas they value most? Step 3. How do you measure up against the competition? Step 4. Uncover your weaknesses, identify your strengths and leverage them Step 5. Objectively look at the findings Step 6. Address the challenges identified. Develop and implement an action plan for building loyalty and delivering superior customer value Step 7. go back to Step 1. If you don't commit the time now to understanding your product/service and your customer, you may have a lot more time if your customer base begins eroding and you don't know why or how to stop the erosion. Doing the Home-Work
27. Questions and Answers Thanking you for attending today Talk to us today about your needs Ms. Clare Flinders RIKON Administrator The RIKON Group Waterford Institute of Technology Tel. 051-834032 EM. cflinders@wit.ie
Editor's Notes
While a price has to be competitive
The long-term effects of short-term measures typically are reduced customer satisfaction and decreased customer retention due to employees not being able to establish value for the customer.