Brighton School of Business and Management Newsletter May 2014
Welcome to the Brighton School of Business and Management May Newsletter
If you have any questions about any of the news items shown here, please send an email to: email@example.com
Quote of the Month
“Keep away from people who try to belittle your ambitions.
Small people always do that, but the really great make you feel that you, too, can become great”.
Brighton School of Business and Management – News
CQI Student Successes
Congratulations to our CQI Chartered Quality Institute students!
At the CQI January 2014 Session our students achieved a 100% success rate.
The BSBM results were:
19% of our students were awarded a Pass
(Overall Session Average was 47%)
58% of our students were awarded a Merit
(Overall Session Average was 40%)
23% of our students were awarded a Distinction
(Overall Session Average was 13%)
A great result for each individual, especially as all are in full-time employment and studying in their own time by online distance learning.
More information about CQI courses can be found on our website: www.brightonsbm.com
Topic of the Month – The Changing World of Work
As has always been the case, but as most would agree, even more so in today’s business world, the pace of change is increasing rapidly. A range of regional and global events has further complicated the impact of this change, and has made it more difficult to respond to the changes happening, and forecast to happen, in the workplace.
Listed here are 5 inter-connected factors which managers and specialists, in all disciplines and all sectors, should research further and become knowledgeable about:
Effects of the Recession
Most experts agree that the recent Recession – which hit Western economies and had repercussions globally – has had a massive impact on the way many organisations now view their future. Your own organisation and organisations in your business sector are highly likely to be planning for the future in a different way than before. Those plans will include changes in culture, structure, technology, working practices, suppliers, markets, customers – all combining to result in new, often radically different strategies which will have a major impact on those employed by those organisations.
Growth of the New Economies
Whilst organisations based in the developed economies are responding to the effects of the recession (as above) an additional major threat to them – but one offering a wide range of career opportunities to individuals – has emerged form regions of the world where the economy is growing rapidly. Currently, the two leading countries in this field are China and India. China in particular is now on the verge of becoming the World’s leading economy, and is also undertaking rapid geographical expansion – into the public and private sectors of many countries, including most African and many South American ones. India is forecast to take the second spot by 2030. South America itself is forecast to be the third new economy, with current estimates suggesting that it will overtake the European Union in economic terms by 2040.
Impact of New Technologies
Recent technological advances have had a huge impact on the workplace in all sectors. The most visible is the effect on marketing and customer buying habits of the Internet, but there is a myriad of other changes taking place due to new technologies and new uses for existing technology – for example as evidenced by the impact of personal and business social media.
Demand for Flexible Working Practices
The changes outline above are contributing to, or directly causing, changes to the way individuals and teams are expected to operate in the workplace. The two most visible ones are: firstly, the need for individuals and teams to be more flexible and adaptable (and of course, for their managers to be adept at managing that way of working); and secondly, the increasing use of temporary staff – which is forecast to lead to the employment of temporary workforces as a strategic option, in larger organisations. Both of these changes were envisioned over 40 years’ ago, in Porter’s “Orchestra” model, which forecast that in the 21st Century most organisations would have a permanent core of specialists and management, and only employ other individuals and teams on an “as and when” basis – just as orchestras do when playing particular symphonies.
Demand for Higher Levels of Skills and Qualifications
All of the factors described above, and many other related ones, will lead to organisations being much more careful about how many people and which individuals they employ. That means that higher levels of experience, skills, knowledge, understanding, and qualifications, will be demanded – at all levels. The same will apply to existing employees – at all levels – as further, inevitable, external changes occur and impact on the organisation. And the same will apply to being self-employed – clients will be increasingly demanding that you are able to prove that you are the best choice available to them.
The Impact on Career Pathways and Professional Development
The impact on career pathways and professional development activity is clear to see. To ensure a successful, satisfying, rewarding time in the workplace, it is now essential that individuals make themselves aware and knowledgeable about current change activity and near to medium term forecasts of further change and the likely impact of that. Armed with that knowledge reasonable decisions can be made – not risk-free, but reasonably sound. Then, regardless of the chosen career pathway, or business sector, or type of organisation, carefully planned continuous professional development must be an ever-present activity – regularly monitored, regularly refreshed to take into account the changing world of work.
Finding Supplementary Information
Although the essential study materials are provided by the course deliverer, it is important for students to supplement the study material with information which adds depth and breadth to their knowledge and understanding of the topics/issues within each subject.
Added to this is the need to find supplementary information about the business sector, type of organisation, and the country-region, in which the student intends to find work in, or is already working in.
The most productive ways to find this information are:
Searching on the Internet
Key Words and Phrases
The best approach here is to use the key words and phrases (found in the unit/module titles, core study materials, assignment briefs, and examination questions) and to add the sector name or organisation type name. Examples are: quality systems telecommunications national France – and – strategic planning hospitals health service United Kingdom – and – medium size business online retailer marketing.
In addition to text articles, reports, and discussion papers, it can be very productive, in some cases, to switch to video-searching. Today, especially on YouTube, there are many helpful videos about a range of business and management topics and issues.
Own native language
If the study material is not in your native language then it can be very useful to search for information using a country-region version search engine, to find articles, reports, etc in your own language. For example, many students study for qualifications where all of the study material is in English, and it is expected that assignments are written in English and, if examinations are required, answers are in English. Despite this, reading and learning from material written in your own native language can be invaluable.
Professional associations / institutes
Extremely useful sources of information are the professional associations and institutes. Organisations such as the CIPD Chartered Institute of Personnel Development, CIM Chartered Institute of Marketing, PMI Project Management Institute, CQI Chartered Quality Institute, and similar in other sectors, offer their members a wider range of services, including articles, reports, a lending library, selected text books to purchase, member-to-member forums, and, in some cases, a career and professional development advisory service. Membership of one or more relevant institutes-associations can be an invaluable source of supplementary study material.
In addition to items on Studying and Professional Development in general, we will be including this one, which focuses specifically on Qualifications – their purpose, their national and international status, their value in the eyes of employers, and the educational progression pathways they offer.
Balanced Portfolio of Qualifications
This first in the series contains a simple piece of advice, but a valuable one. When adding qualifications to your existing portfolio, it is essential that you aim to build a balanced portfolio of qualifications. Most employers, in most sectors and in most parts of the world, will be far more impressed with a portfolio of qualifications which shows – for example – a blend of Management and Leadership, Quality Management, Project Management, plus a Specialist, sector-role specific qualification, than with a narrow group of Specialist only qualifications. This is also increasingly what is preferred by educational providers when selecting students for higher level courses, such as MBA, MA, MSc level.
Although there are many doubters about how useful networking is to an individual and their career and professional development, there is compelling evidence that partaking in some form of business-personal networking is advantageous – if not for career progression, then at least for the gaining of additional, useful, business contacts and business knowledge.
This month we are focusing on online networking.
This is acknowledged as the world’s largest professional online social network. It currently has 250,000,000 members, and is still growing. Its original purpose was to enable individuals to keep in contact with business associates, clients, and former colleagues. This is still a major feature, but now it is used for a wide range of purposes, including extending your network by connecting to your contacts’ contacts, promoting your profile to the business world, recruiting for your organisation, business research, sourcing information, and keeping up to date with industry events, developments, and trends.
With its HQ in Paris, this is the second largest to LinkedIn in the Western world, with very similar features, around 60,000,000 members, and currently growing at over 1,000,000 per month. Viadeo is very popular in Europe, Eastern Europe, North America, and Africa.
This is the most popular professional social network in China, with 20,000,000 members, and growing fast. Now a part of the Viadeo group – described above.
Similar in features to LinkedIn, but much smaller in terms of membership, Xing is most popular in Europe.
Moikrug.ru (part of Yandex)
This is a social networking site for professionals in Russia. It is part of Yandex – a search engine which is very popular in Russia, Eastern European countries, and some Western European countries.