Impact of Central & Eastern European Labour on UK Salaries (2004-2016)

On the 1st of May, 2004, the UK was one of three countries including Sweden and Ireland, to open its doors to the newly accepted eight former socialist countries (Hungary, Slovakia, Poland, Czech Republic, Latvia, Slovenia, Lithuania, Hungary, and Estonia) who joined the EU, known as the EU8/A8. Malta and Cyprus also joined at the same time but were exempt from having to partake in the monitoring process of its workers in the UK labor market.

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Restrict competition

Why do competition authorities punish companies who restrict competition?

As with any economy, local markets are extremely important in that they function well. This allows firms to compete and provide essential, better and more cost-effective products/services to their consumers. In an even level playing field, competition is beneficial first and foremost to the consumer, as better choices, services, and lower prices are available.

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Digitization of organizations - The six, critical, parallel shifts

Digitization of organizations: The six, critical, parallel shifts

The following will describe and evaluate six, critical, parallel “shifts” which combine to make digitization more manageable and predictable. It will also state whether, or not, these combined shifts will be relevant to relatively small organizations and if they need to change, be managed differently, or even replaced.

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Business models and value innovation

Business models & value innovation, and how digitization impacts them

The rapid growth of digital technology and software application use is fundamentally changing the way customers interact with businesses while impacting on both the strategy and business models of firms. More and more established companies and start-ups are using digital, to create a new source of revenue, to provide more value to customers and of course, change business models.

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Berlin - Brandenburg Gate

German startup companies dominate Central Europe

The Silicon Valley in the United States, which encompasses a relatively small area (46.89 square miles or 121.4 km2), often overshadows the start-up scene in Europe. Even with Europe a bit behind currently, it has been catching up in the last few years. Unfortunately, the Central European region has been lagging even further behind its Western and Northern European counterparts, apart from the German start-up companies. However, the region has been steadily growing in recent years, besides Berlin, Warsaw is beginning to be somewhat a new city hub for emerging start-ups.

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Social media campaigns - Air New Zealand - Middle Earth

Reflective review of successful and unsuccessful social media campaigns

In this short reflective review, the focus will be on two commercial social media campaigns, one successful and the other, unsuccessful. Air New Zealand, a relatively small airline in the aviation industry, produced one of ‘The Most Epic Safety Video Ever Made’ aptly named by the airline, which pays homage to the ‘The Hobbit trilogy’.

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Utility

Can households be executed to maximize the utility of all their members?

Economic thinking about household decisions in the second half of the 20th century has continuously evolved rapidly with the ever-growing individualization of men and women in the West. In neoclassical theory, in the unitary model, the trend for social scientists was to focus and treat households as a single individual with a single set of preferences. As more and more people in society are becoming individualistic, economists in recent times have been forced to elaborate on models that take into account this societal evolution.

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