Sunday, 29 June 2014

Primania & Social Networking

Hello Everyone,

I thought I would write about something that you could say has become second nature to me as it is something I do when I blog on my personal beauty, fashion and lifestyle blog but also on here. I personally enjoy social media but it is also something we studied in my E-Business Management unit this year. Social networking and sharing your brand and websites has become the latest must-have for fashion retailers. Primark amongst other several high-street names are blurring the lines between publishing, shopping and social media in a bid to get closer to their customers.

Social media and networking has become such a vital marketing tool and it has become a huge part of the 'norms' of everyday life. I for one am signed up to many social networking sites from Facebook, Twitter, Pinterest, Instagram, Youtube and so on and I can't get enough of them. 

Looking at Primark in particular, they do not have an online store but they also do not advertise. So how have they become such a well-known and successful company? Less than a year ago Primark developed a new kind of social media site called Primania and by doing this they have kicked things up a notch to utilise their own shoppers to help sell the brand to fellow fashion lovers. On the site you post photographs of yourself wearing your latest Primark finds. Primania is now coming up to it's first birthday and rakes in over 300,000 visitors a week.

Jason Bason, the Finance Director of Primarks parent company Asos mentioned:

"Primania took inspiration from other social media sites, like the Primark Haul of Youtubers and bloggers, which can attract more than a million viewers. Primania is owned by Primark consumers and it's crucial that it's customer-led. Part of the pull of the brand is that it is something 'owned by me'. Post-recession consumers want to hear (from) brands. They want to know what they think, where they stand and what their beliefs are. In a digital world, people no longer go into a shop, see something and decide to buy it. It is much more about buying into a lifestyle."

Some of the biggest high-street retailers – Marks & Spencer, Sainsbury's, Waitrose and John Lewis are making more effort to reach out to customers in a more modern way. Waitrose now utilise a TV channel on their website, with cooking ideas, "how-to" videos, celebrity interviews and cookery demos by famous chefs. Online recipes from the TV shows can be quickly converted into a shopping list of items that can be bought online. Marks & Spencer have also added a style and living section to their website, offering magazine-style content including editors' picks, trend suggestions and celebrity interviews. The marketing director of M&S, Patrick Bousquet Chavanne says style and living is the fastest-growing section of the website and accounts for close to half its traffic. He says shoppers are 24% more likely to make a purchase if they've read about it.

Dick, who used to be the online editor of Elle, reckons all retailers will have to adapt to the new world of digital sharing: "For a shop to become a brand, it has to have a relationship with its customers – and the best way to do that is through other customers."

Social media is a wonderful thing! What are your thoughts?

Speak soon!

Monday, 23 June 2014

British Airways Strikes Again

Hello Everyone,

I hope you have all had a great week!

I am still away on vacation but it all comes to an end on Wednesday when I get on an aeroplane back home to the UK. I thought I would talk to you about something that has propped up in the news recently because they are quite fun to add in the mix amongst university life. From next week I have a complete itinerary of posts that I will be writing for you so keep your eyes peeled for those...they are good'ns. One of which will be a graduation post as I graduate in four weeks!! Crazy I know!!

As you know I am away on vacation and I fly back on Wednesday. Well, it looks like their might be another British Airways strike on the cards and for me it's bitter sweet as I would love to stay out here for longer but I have reality to head home to. I thought this would be something relevant to discuss as throughout my 'Strategy and Change Management' unit this year we focused a lot on case studies but also around the airline industry. We had to purchase and use this airline simulation software and basically run our own airline and purchase everything from in-flight necessities, staff and the aeroplanes themselves! Overall, it was something really informative, different and quite fun to get involved in.

British Airways is facing the threat of renewed strikes after cabin crew said they were prepared to take industrial action after their pay claims were rebuffed. Like I mentioned above about the airline simulation software, this is something that propped up on a weekly basis for us and our 'fictional' airline as the computer generated problems for us for resolve. In a consultative ballot last week amongst members of the mixed fleet, 95% of the crew who voted said they would go on strike. In an airline industry or business in general you need to keep your employees satisfied and content to ensure they present the business in a motivational and professional manor. I am all for individuals striking to achieve something they believe in, however, these situations could be avoided if British Airways issued relevant Strategy and Change Management in place.

A British Airways spokesman mentioned: "Our cabin crew positions attract a high level of applicants due to the competitive package offered, our extensive route network and promotional opportunities. We are currently conducting pay talks with all parts of the airline and any talk of industrial action by one of four cabin crew groups is completely speculative."

British Airways have offered a pay rise in line with inflation to other cabin crew on pre-2010 contracts, who work exclusively either long-haul or short-haul in the worldwide or European fleets. All of the disputes are regarding wages as per usual as most things are these days. The new flexible crew has been hoping to close the wage gap with their better-paid colleagues but have made no progress...hence the next stage and the striking processes. Major stir was created when employees discovered that Willie Walsh who is a partner in the British Airways and Iberia had a 400% pay rise of £5million the end of 2013, while the British Airways boss Keith Williams was only paid £4million.

It seems that this has been an on-going situation and it doesn't look like anyone is going to make amends or try and solve the situation anytime soon. Apparently unions have announced that strikes will begin on 24th June 2014. Travellers (that's me) will be warned to expect heavy disruption during the period, with officials aiming to run at  least 50% of scheduled flights. Having issues travelling home would be the icing on the cake as we had issues flying out on our original date (6th June) due to  a British Airways clerk 'accidentally' damaging my Mum's passport but that is a complete other story. This will be fun...I will make sure to keep you posted!

What are your thoughts on the strikes?

Speak soon!

Sunday, 15 June 2014

Using Your Summer Wisely

Hello Everyone!

Summer holidays are vastly approaching and I was having a reflection about my summer last year. Looking back I did use my summer wisely to prepare for my final year but I think there is always room for improvement and I would have done a few things slightly different.

The end of my summer 2013 comprised of my summer vacation to Los Angeles. Naturally I was on a complete high and a few days after returning to the UK I would be starting my final year. Throughout the summer I had put a lot of thought into my dissertation but when returning to university it was a complete shock to the system about how much we actually had to do. It was scary and made a lot of us completely anxious because we wanted to do well and failing wasn't on the cards for us. I had mixed emotions about my dissertation topic and only came to a conclusion days before I started my final year after handfuls of email correspondents with lecturers. It wasn't something I had intended to do but I had a slight idea of what topic I wanted to research, it was just applying it to something I would enjoy researching and writing for the next 6+ months, but also thinking about what business access I could utilise for my qualitative interviews.

Something I started whilst on summer vacation was a LinkedIn profile. I had always seen people going on about it and my Dad uses it for his business so I thought why not?! Add another social media to the ever growing list. I remember being in my first lecture back after the summer and my lecturer made a comment about LinkedIn being a vital business tool and we should all be utilising it. He asked us to raise our hands if we had already been using it and I got so excited because I literally had been, so I whipped my hand up straight away, so sad of me but i was so proud haha! I was a little shocked out of a substantially large business management class that i was the only student with a LinkedIn profile! I definitely advise you look into LinkedIn...you'll be one step ahead when returning to university haha. I might even do a completely new post relating to it because it was something we looked into with my additional E-Business Management unit and i have really been exploring it recently for jobs and networking.

I just wanted to write a post and express how important the last few weeks of summer are in regards to preparation. Don't get me wrong summer is still meant for de-stressing and of course having fun, just don't forget the little things that could mean a whole lot in the end. Getting your creative and knowledgeable juices flowing to prepare yourself for your final year or any year in fact.

I will leave you on that note :)

Speak soon!

Sunday, 8 June 2014

Mulberry Price Reduction

Hello Everyone,

I haven't got much to update you on in regards to my next step after finishing university, but I thought I would include something that I recently read and thought you might like. It is no secret that I love the good things in life, but in order to be able to afford the good things you have to work hard and save for them. Something I enjoy collecting is designer handbags, a totally cliche girly things of me to say but I have to admit i have a pretty hefty obsession with them and quite a lovely collection.

I currently have four Mulberry handbags in my collection and I recently read that they are planning to meet the demand and lower their prices on handbags after much request but also due to the high sales fall last year. I think we all know that Mulberry can be a little on the pricey side and I for one am thrilled they are lowering their prices and feel so many other designers or more luxurious brands should think of doing the same.

The upmarket brand, whose bags could set you back around £5000 (depending on the style) announced results for their financial year and their pre-tax profits were predicted to fall to around £14 million from their £26 million profit the year earlier. That is just under a 50% loss! In January Mulberry revealed that their Christmas trading was poor and their profit warnings prompted the departure of their chief executive Bruno Guillon. Bruno Guillon increased all prices in an attempt to take Mulberry further upmarket.

Godfrey Davis, the interim executive chairman who ran Mulberry for 10 years until 2012, announced a range of Mulberry handbags priced at £495. According to Godfrey Davis, the move was needed to keep hold of customers in the UK, where Mulberry makes more than 60% of its sales. Davis has reassured loyal customers that Mulberry will not skimp on the quality of materials. "That's why our margin will be squeezed, we don't compromise on quality."

I think the new price reductions and the new marketing campaigns with renowned model Cara Delevingne will really spark up some interest and hopefully make up for the loss they have been experiencing. From a business perspective this is something we would look at in my Strategy and Change Management lectures and seminars. I read this as a type of case study and it really got my business skills flowing!

I hope you enjoyed this post! Make sure to check back next week for another instalment!

Speak soon!



Sunday, 1 June 2014

Finishing My Degree & The Next Step

Hello Everyone!

I hope you are all doing well!

You have probably read my ramblings about being totally stressed about my last exams throughout May and so on. Well, on Tuesday 27th May 2014 I officially had my last exam which means I have finished my University degree! We all know there is more to it as I am still waiting for an assignment grade and then there is the dreaded waiting game for my results before graduation in July but wow it feels amazing to not have to overly worry about something for a change.

It almost feels weird not having to worry about anything…but lets be honest I am loving all of the free time I have at the moment. I am off on vacation Friday for 16 glorious days so i can't wait to relax!

Even though I have officially finished university it doesn't mean i am out of the woods just yet. I am already thinking about my next move whether it being a Master Degree or finding my dream job…or even both. I do work now and my personal blog has opened up some amazing doors for me, however, with my added degree now it'll be amazing to see what i can apply for. I am looking at a few avenues at the moment, from some graduate schemes to London based jobs. My Dad has his own advertising and marketing company which i could do some more work experience at but to be honest my parents always taught me to work my way up and I think it would be the easy way out for me. Even though I would love to work there with my Dad i think I would get comfortable and not explore other job opportunities haha.

Whilst hunting down jobs I am also thinking about a Masters Degree. My aunty currently does one at the University of Bedfordshire based in Luton so I have been speaking with her a lot. I need to see what the best route is for me as I need to distinguish what degree I want to study and to start applying. I am a little confused with the application, if I manage to get a 1st degree then I will be able to study for free, however, I haven't found much information on the scholarship as yet. I had a chat with one of my lecturers who mentioned not to studying Business Management at masters level as I would be repeating most of the things I had learnt throughout the past three years. It was helpful to hear that and he suggested I look at more niche topics, so i have been thinking a lot about a Masters in Marketing! What do you think?!

On a brighter note, I ordered all of my graduation academic dressing and photography so everything regarding graduation feels so much more real. My graduation cap arrived Friday and it looks pretty spectacular on! Keep your eyes peeled for a graduation post heading your way July time!

This is my little update at the moment. Hopefully I will have more news to share in my next post!

Speak soon

Monday, 26 May 2014

Marks & Spencer Overseas Expansion

Hello Everyone,

I thought i would throw some business news into the mix today as i am in serious revision mode for my final exam tomorrow evening. I was keen on writing this post a few weeks ago when the story was pretty new but it was something i thought was quite relevant to my Strategy and Change management unit for my course. Marks and Spencer's are planning an overseas expansion which I am intrigued to read more about. A few years ago Tesco ventured over to expand overseas and unfortunately they did not survive so this makes me question what Marks and Spencer have that make them confident in this expansion.

M&S plans to expand its overseas profits by 40pc over three years with the opening of 250 stores, including 20 food outlets in Paris.

Marks & Spencer intends to open 250 new stores outside the UK in the next three years as part of significant global expansion plans. Marc Bolland, chief executive, revealed that the high street retailer is looking to grow its international sales by 25pc and profits by as much as 40pc. Marks & Spencer Lingerie & Beauty has already opened at two locations in Saudi Arabia, with 10 further stores planned in the next two years. M&S has also earmarked 20 sites in India for the lingerie and beauty concept, which is smaller than the company’s traditional stores. In total, M&S wants to have 100 stores in India by 2016.

The company has 455 stores around the world, compared with 337 when Mr Bolland took over in 2010, meaning he will have more than doubled its footprint overseas. Mr Bolland told investors and analysts at a presentation in Paris on Tuesday that fresh food, beauty and lingerie offered “great opportunities” for international expansion. Steve Rowe, executive director for food, said: “Britishness is as saleable as ever in any part of the world.”

However, while M&S ramps up openings in western Europe, India and the Middle East, it is considering its options in China, which is on course to become one of the biggest retail markets in the world. Other British retailers have already been defeated in their bid to expand in China, and Mr Bolland admitted that M&S can’t succeed in isolation and will seek help from a local partner. Tesco has already sold a majority stake in its Chinese business, while DIY retailer Kingfisher, the owner of B&Q, said it would look to form a joint venture.

M&S’s overseas expansion comes as it continues to struggle in its traditional UK market. Annual profits for M&S were recently overtaken for the first time by Next, the high street clothing retailer. What do you think about their oversea expansion plans? Do you think they will strive and dominate unlike Tesco?

Sunday, 18 May 2014

Dissertation Submitted & Revision

Hello Everyone,

I hope everyone is enjoying this rather sunny Sunday. Unfortunately, I am not able to take full advantage of the weather as i have lots of revision to do for three exams i have coming up within the next few weeks.

First things first…I handed in my dissertation! Wednesday 7th May 2014 was the day my Dissertation was submitted. I have to say it has been one of the most stressful things i have ever had to do in my entire life…but i am so glad i overcome some anxious demands regarding a dissertation and done it! Nothing is ever simple when it comes to 'Sophia Meola' so i literally had some bumps along the way, being my dissertation was 'too large' to submit on Turnitin that i had to email it over to my dissertation tutor and head of department. Even though dissertation is now out of the way, i still have some revision to do for three exams i have coming up.

1. E-Business Management - 21st May 2014
2. Strategy and Change Management - 22nd May 2014
3. Project Management - 27th May 2014

Constant revision has been taking place to ensure high grades are achieved on the exams. All exams are mainly essay style so i am literally in a position where yo have to revise every single things from each unit as you don't know what might come up on the day. I have a case study for one of the exams which i have been re-reading and re-reading constantly to get a full understanding of it…because it's not really an appealing topic, however, beggars can't be choosers - i feel lucky enough that we were able to read the case study before the exam.

Here are a few things i have been doing to keep me motivated and constantly revising…
  • Draw up visual revision posters
  • Whip out subject books
  • Find a quite space with no distractions
  • Make the revision fun
  • Do plenty of past papers
  • Make summary notes
  • Utilise family and friends
  • Reward yourself
  • Think positive
I have been using the rewards predictor on e-vision to motivate myself. I know the awards predictor may not be 100% accurate but it is something that i have been constantly looking at throughout my entire final year at University just to benchmark where i am but also to see what i need to do in order to achieve a grade i would be so incredibly pleased with. 

What are your favourite revision methods?