BGN Entrepreneur

The upmarket supermarket chain–Waitrose is the grocery arm of the John Lewis Partnership. Now it is extending its opening hours as it looks to continue its run of strong sales growth. This came as shares of Waitrose’s online food retailer–Ocado fell by 5% on fears that the online grocer may be forced to raise capital.
After launching a trial in 26 branches, Waitrose has started to extend its trading hours across 280 locations. The new opening hours will be fully due in place at the beginning of next month. According to Waitrose, it is said that this move was specially tailored to help make shopping easier for the customes in the field.

A lack of technical skills in the UK, growth could hamper of BP in the North Sea operations, has said one executive. In July, BP announced plans to invest £ 3 billion in the refurbishment of two oil fields in the North Sea, a move expected to create hundreds of new jobs. But Trevor Garlick, head of BP in the North Sea operations, said the company could struggle to fill the roles available.

“Getting hold of the right people is a real problem for us,” Mr. Garlick told the Sunday Telegraph. “We put a lot of people, but we are also an exporter of a few hundred people to other regions in [BP]. We are a center for recruiting from elsewhere are.” The rest of the company’s North Sea operations viewed as a “practice field”, with talented employees gasped for places to fill up abroad, said Mr Garlick.

Oil and gas companies are expected to create around 15,000 new jobs in the UK over the next five years, according to latest research from the industry body Opito. But it also said that more than half of the 144 companies surveyed named attracts qualified employees as their most important task.

Worldwide between 2000 and 2010, energy consumption increased by 2.6 billion tons of oil equivalent per year. Of this increase came a little more than half from coal and 72% of coal increase came from China. The predominant use of Chinese coal, the cheapest energy source for electricity generation in the world, enabled Western nations from both cheaper goods and outsourced environmental benefit, and for China to benefit from increasing exports and rising domestic consumption. Considerable doubt has risen, but about the possible duration of this economic miracle since China now produces 48% of global coal and consumes around 3% of its reserves each year. How long does take Chinese coal?

The reserve limits for coal, China and the rest of the world can be postponed for several generations, if the technology to gasify coal underground can be commercialized. Underground coal gasification (UCG) provides access deeper layers of coal previously unavailable through conventional mining. Several pilot projects have been successful modern completed in recent years and commercial projects are underway. This article gives an overview of current developments, the technology of the process to produce electricity and liquid fuels from synthesis gas, and discusses environmental concerns. The article is by the excellent presentation at the ASPO 9th Presentation by Marc Mostad, Technical Director of the Clean Coal and the UCG Consultant Association provides information given. As we can see that cheap energy can be from coal in the future.

According to Joseph Chen, chief executive of China’s largest social networking service－－Renren, it is said that the company is looking to make more money from online shopping than advertisements or games in the future. This is why Renren keep investing into the lossmaking sector of Nuomigroup buying unit.
On Friday, this largest operator in China of a Facebook-like service just reported a net profit of $751,000 for the three months to June. The company’s revenues jump to $30.4m for the very first time ever since its IPO in May. However, Renren’s operating costs almost doubled from the same periodin 2010, which was most driven by Nuomi’s marketing and personnel costs.

If are going to rent a vehicle for your road trip, you need to take the insurance into consideration. Car insurance is quite important when you are traveling in a strange place. Different kinds of accident might happen during your trip and the last thing you would like to face is to piling up bills for car accident or charges due to a break-down car. Getting a car insurance in advance help protect you from such kind of financial risks. It could a be very important part of your traveling expense.
However, if you are looking to control your travel budget tight via keeping the insurance costs low, you need to know which insurance package would best suit your own needs. In the past, people usually need to sigh up for an annual insurance package or at least one month deal. Now, they’ve got more options to choose from. A lot of insurance companies are now offering short-term insurance covers, such as daily car insurance. The travelers simply could pay for the days they are using the cars instead of paying for more days than they actually need. It could be of great help for them avoid wasting money on unnecessary insurance covers.

Organizations led by the plural rather than single leaders. Usually, there will be a group of people rather than one person on the position as leaders. Depending on the capability of the leaders, they could be categorized into six groups.

1. Super leaders
Super leaders are quite capable of casting great influence on their team members. Even after they leaving the team or dead, their ideas will continue to guide the working progress in the team.

2. First-class leaders
This type of leaders exist mainly for the purpose to provide mental support to their team workers. They won’t do any things in specific.

3. Second-class leaders
This kind of leaders don’t need to actually get involved in the work as their team members are managed well and will be working quite hard to achieve their target.

4. Third-class leaders
They will get involved in the real work and try to motivate the other team workers to join the work via doing so.

5. Fourth-class leaders
Such kind of leaders won’t try to handle any work by themselves, and team members are forced to do their job pessively. Within the organization, there is too much preaching and little motivation.

6. Fifth-class leaders
Fifth-class leaders will be working hard while their team members have nothing to do at all.

7. Bad leaders
Such kind of leaders are ineffective and inefficient. They have got no idea what they are working for, and sure they’ve got no idea how to do their work in the right way.

The Chicago-based online coupon company–Groupon has given up its controversial accounting measure in a revised prospectus for its IPO and reported both staggering revenue growth and net losses for quarter 2 in 2011.
After filing IPO on Wednesday, the deal-of-day business with 3 years experience in practice was criticized for adopting a metric called as “adjusted consolidated segment operating income”, which excluded costs on online marketing, stock-based compensation and acquisition-related items.
According to the investors and analysts, it is believed that this measure obfuscated Groupon’s actual costs. The US SEC has been taking a routine check of the Groupon’s financial documents.