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Is this the end of Portsmouth Football Club? Many fans and pundits think it could be, and this could all be down to cash flow problems.
It is reported by the BBC that due to Portsmouth’s insufficient ground capacity, the club relied heavily on TV payments to meet its monthly outgoings. When the Premier League withheld its TV payments in January 2010, the strain on the company’s cash flow was evident with players not been paid on time and management searching for new sources of finance. Accountancy Age reported that the club was looking to receive a cash injection before 17 February 2010 from an associate, but this never came. Cash flow is a key component in operating a successful business, and during a recession its importance cannot be understated.
Passengers on Europe’s biggest airline may soon need to cross their legs – or queue to use one toilet between more than 200 people. Ryanair has dropped its plan to charge passengers for using on-board toilets, but is pressing ahead with proposals to remove two of the three lavatories on each plane and replace them with seats.
The airline’s chief executive, Michael O’Leary, told The Independent “It would fundamentally lower air fares by about five per cent for all passengers” – cutting £2 from a typical £40 ticket.
The airline, which will carry 75 million passengers this year, has only one aircraft type: the Boeing 737-800. Ryanair has installed 189 seats on each plane, the maximum allowed under current rules.
“We’re trying to push Boeing to re-certify the aircraft for six more seats, particularly for short-haul flights”, said Mr O’Leary. “We very rarely use all three toilets on board our aircraft anyway.”
Sir Philip Green set off alarm bells a few weeks ago when he warned that up to 260 shops in his Topshop-to-BHS fashion empire Arcadia could close.
It was further bleak news for the UK's high streets, where one in seven shops already lies empty and a spate of retail collapses from Habitat to TJ Hughes has left fresh scars.
Like other chains such as Marks & Spencer, Dixons and Mothercare, Arcadia has too many Dorothy Perkins, Evans and Miss Selfridge outlets on the "wrong" high streets as the internet and huge malls redraw the shopping landscape. Green has nearly 300 loss-making stores on his hands.
But he is in the advantageous position of being able to get rid of many of them, as leases on almost 500 shops in his portfolio expire in the next three years, making him the envy of rival chains who are bound by long leases that lock them into year after loss-making year.
Research In Motion Ltd. (RIM)’s BlackBerry smartphone, which lost its No. 4 spot to Apple Inc. in the U.S. in the first half 2011, fell further behind the iPhone maker and market leader Samsung Electronics Co. after new models failed to attract enough users.
RIM’s share of U.S. mobile-phone subscribers in the three months through November 2011 dropped to 6.5 percent from 7.1 percent in the previous quarter, research firm ComScore Inc. said. Samsung increased to 25.6 percent from 25.3 percent, and Apple consolidated its fourth place, gaining 1.4 percentage point to 11.2 percent.
Last year Coca Cola announced that it would drop the word "Classic" from "Coca-Cola Classic", thereby-as Bloomberg reported it-"writing the final chapter in one of the greatest marketing blunders in U.S. business history." That might be too harsh: New Coke was a tactical blunder but a strategic victory, and it offers us a few lessons about market research along the way.
In the early 1980s, Coke (the drink) was steadily losing market share to Pepsi-Cola. One reason was that Diet Coke had cannibalized Coke sales, quickly rocketing past 7-Up to become the #3 soft drink in America. Another reason was that Pepsi had been positioning Pepsi-Cola for the youth market in the 1960s and was winning a greater share of new cola drinkers than Coke was. Finally, Pepsi-Cola was reported to taste better.
A superb BBC programme on Steve Jobs. Tells you all about the entrepreneur and how he changed the world...
Another great BBC documentary but this time it's all about Facebook. Loads of interviews with Mark Zuckerberg (the founder) and talks about the business behind Facebook (how it makes so much £). Enjoy...
The "patent cliff" has begun. Dreaded by leading pharmaceutical companies of the West for years now, it could potentially make millions of dollars of profits for Indian companies.
It is a phrase used to describe the ongoing expiry of pharmaceutical patents on a range of blockbuster drugs. Between 2011 and 2012, many drugmakers will lose patent protection on their best selling products opening up the market to cheaper copy-cat drugs made in countries like India and China.
Welcome to the Business Studies blog! I want to encourage you to read more business news so I've decided to create this blog and post up relevant news articles with a question attached. All you have to do is read the story and answer the question in the comments section below. The Business Studies theory you learn in class is all around us in the real business world so hopefully this will help you remember the topics and begin to form opinions / evaluations which will help you in the exams!