BGN Entrepreneur

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Apple has pioneered the commercial digital market with its iTunes music download store 10 years ago. However, recently, the US internet search company–Google has just stolen a march on Apple with the launch of a subscription music service that represents a breakthrough in its relations with a core part of the traditional entertainment industry.
The success of Google in winning over music labels to license their songs for its new subscription service–All Access, marks a symbolic victory against Apple.

Four years ago, after making two accuisitions that doubled the mutual in size, the Co-operative Group make the boast that the high street will never look the same again.
In 2008 the Co-op bought the Somerfield supermarket chain and then in 2009 the supermarket chain tripled the size of its banking arm to form a “super-mutual” through the acquisition of the UK’s second-largest building society at that time–Britannia.
After four years, the food business of Co-op is grappling with falling profits and the Britannia deal appears to be increasingly misguided. Co-op was know for facing a capital shortfall of as much as £1bn, which was acknowledged by banks as partially due to the collapse of a deal to acquire over 600 branches from Lloyds Banking Group.
The credit rating agency Moody’s made six-notch downgrade of the Co-op Bank last week, which shone an unwelcome spotlight on Co-op’s health. And Co-op now came under further pressure as the rating agency Standard & Poor’s changed its outlook on the group from stable to negative.

What motivates and engages employees most can be ascribed to many areas. To truly care about your business, your employees need the following three things from you:

1. Decent and satisfactory wages and bonuses
People work for different reasons. But no matter how, they need to guarantee that they are capable of supporting their own living at first. Having a decent and satisfactory wage and bonus at least help ensure that your employees don’t need to worry about their rent and food and focus more on the work. Besides, it is a financial way to show the recognition of the employee’s capability.

2. The corporate’s core culture
The culture of the company could help attract people with similar interest. And good company culture make staff feel relax, motivated, satisfied and a sence of belonging.

3. The opportunity to grow along with the development of the company
The companies that could make its staff see the opportunities to grow along with the company will have a better chance to motivate the staff learn more and faster for their own goods. And staff in such companies tend to stay and work for long-term.

If you are looking to manage your time well, here are some pieces of advice by experts from McKinsey that might help.
First of all, do not try to handle multiple tasks at the same time. Usually you tend to spend 30% more time on completing the jobs and making 100% more error than doing the things one by one.
Secondly, it is important to keep pace with the time. However, getting long exposed to the latest information in the field tends to suppress your own creativity.
Thirdly, it is important to have a sense of self-control. You will need to focus and filter unnecessary information while working, and you will also need to fix appropriate amount of time to get proper rest.
Fourthly, finding some time to actually spend by yourself if beneficial.
Fifthly, sending the same email over and over again is not necessary.
Sixthly, it is strongly suggested to make more calls to actually communicate with others and only send short emails for confirmation for the agreement between all the parties involved.
Last but not least, it is important for one to actually give up the fantasy of getting their hands on everything at workplace. It is impossible!

Shares in the UK telecoms company–BT just reached the highest level in over five years since the group increased its dividend, upgraded its outlook as well as allayed worries concerning a growing shortfall in pensions.
BT’s pre-tax profit rose by 21% in the first quarter of 2013, while the full-year dividend increased by 14% to 9.5p. With an additional 136,000 customers purchased BT’s broadband services in the last quarter, the company’s retail division did not fall for the first time in four years.

Amid criticism of the retailer’s performance, chief executive of Marks and Spencer–Marc Bolland, who is looking to strengthen his own position, will announce an overhaul of its clothing ranges next week, in an attempt to win back customers and revive the retailer’s fortunes.
The retail chain will display its autumn/winter clothing collections on Tuesday.