How Does Facebook Make Its Money?

Facebook is the most popular social network in the world, with 1.94 billion monthly active users as of the first quarter of 2017. And the best part of it is that this way of keeping in touch with friends and families comes for free for the users. But then how does Facebook make its money? We all know that this is from advertising but exactly how advertising helps generate the huge amount of revenue of the fastest growing tech company ...

Some resources for BM teachers

Finding suitable resources to introduce the context or theories and concepts to students in an engaging way is often challenging. So, I decided to try and help with this task by suggesting suitable resources with brief outline to IB BM teachers. Definitely there are variety of resources out there and this list can be just a starter list for exploring more Case studies have been the main tools for teaching business theories and concepts and several websites offer good case studies ...

Samsung Galaxy Note 7- Is it All Bad?

During the last month or so we have been listening and reading news about the fallout of the new Samsung Galaxy Note 7. Even maybe some of you have experienced first hand the issues with the battery of the phone exploding, being drained while charging and so on. The issues with Galaxy Note 7 have definitely affected many consumers and the company. In the study of Business management students have to learn how to develop SWOT analysis and the Galaxy Note 7 ...

Strategic Partnerships

Partnerships have always been an important strategy for businesses looking to grow in unfamiliar markets, attract new customer segments, or sell additional products and services. But they have also been tricky to work due to clashing corporate cultures and different business aims. Let’s look at some of those strategic partnerships that have happened lately and what are the business aims behind them. The Japanese auto-maker Toyota and the San-Francisco based ride-sharing company Uber are entering into a strategic partnership. Toyota is ...

Teaching Business Concepts Through Movies(1)

This blog entry is the first of a series focused on the use of multimedia in the Business Management classroom. Business Management is quite complicated subject and often teachers wonder how to make it more interesting and engaging to students. One way to bring some variety and diversity in the teaching methods used in the Business Management classroom is to use movies and video clips to provoke discussion and enhance students’ learning experience in a fun way. Movies tell us a ...

IoT: The Growth of Small Things

The Internet of Things is the network of physical objects that contain embedded technology to communicate and sense or interact with their internal states or the external environment.  Gartner consultancy The world is at the verge of a new revolution combining three distinct elements: The Internet Digital technology Nanotechnology Together these three elements are creating the foundation of the “Internet of Things” (IoT); the interaction of products with people and products communicating with other products. Increasingly, objects that can be represented digitally ...

Crowds move from surfing to sourcing to financing

Small may be beautiful as E.F. Schumacher once said, but it is normally more expensive. How can smaller firms challenge the goliaths in any market, such as Apple and Samsung, when resources required for research and development are so significant and where large firms gain from substantial economies of scale? Mass production methods create cheap goods and, with automation and robotics, standardisation is no longer the automatic downside.  So what is the solution for a new, or innovative, firm wanting ...

The Dimension Revolution

In previous posts I have spoken about the potential impact of nanotechnology. However, creating machines smaller than the size of a molecule has often been hindered by issues with power sources. Engineers have invented many miniaturised devices, such as medical implants, but the batteries to power them have been larger than the devices themselves, making them unusable. However, the revolution in 3D printing has allowed manufacturers to produce batteries smaller than the width of a human hair with the power to ...