Tag Archives: business

Management Consultancy and Organizational Change: Are you up for the challenge?

Each year, students on the MSc Management Consultancy and Organisational Change work directly with major clients of PA Consulting on a variety of challenging consultancy projects.

A unique aspect of Birkbeck’s MSc Management Consultancy and Organisational Change programme is that students have the option to complete the Consultancy Challenge in place of a traditional dissertation or research project.

Partnering with PA Consulting, the global innovation and transformation consultancy, students on the Consultancy Challenge work with PA’s major clients on a range of projects across an intense twelve-week period. For these students, it is an opportunity to deliver solutions to real problems that clients face, reflecting the work of management consultants, and experiencing a unique journey alongside team members who all offer different skills and knowledge.

For the 2021 academic year, students formed two teams, each tasked with solving a problem in a large, complex organisation. The first team completed a knowledge governance project for a large UK animal charity. The second team completed a project advising a regulatory organisation in the medical field on implementing hybrid working.

Dr David Gamblin, programme director and module convenor of the Consultancy Challenge, said: “It was a joy to see the students in action over the twelve-week consulting cycle, from initial scoping of the briefs and defining the problem with their clients, to the final presentation of deliverables. The students tackled two challenging projects, put learning into practice, and ultimately delivered meaningful outputs for their clients.”

Throughout the project, each student team is mentored by a consultant from PA, who provides support and guidance, as well as assurance that the work is of a standard that PA would be proud of.

The consulting cycle culminated with the student teams presenting their final analyses and recommendations, which were met with positive reactions from the clients, PA consultants, and Birkbeck supervisors. The clients highlighted the “hard work and professionalism” of the students, and they were impressed with the practical advice that was offered.

The 2022 Consultancy Challenge officially kicked-off on 25 April 2022 with students working on two new client projects. If you think you are up for the challenge in future years, have a look at our Management Consultancy and Organisational Change programme page, or contact David Gamblin to learn more.

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Changing the stories we tell about creativity

Jamie Hannon graduated with distinction in MSc Management with Business Innovation from Birkbeck’s School of Business, Economics and Informatics. Working for the Barbican and Culture Mile Learning during his studies, Jamie put theory into practice and interrogated practice with theory, linking the creative arts with skills in innovation to create the Fusion Futures skills and employability programme.

Photo credit: Christian Cassiel – Copyright: Museum of London

Creativity and the arts are recognised for their contribution to innovation. Yet, space for creativity is often sidelined by business and education. Even those working in arts and culture play into this narrative that creativity exists as a separate ‘nice-to-have’. This comfortable status quo has a lot to do with how we evaluate and talk about our arts and culture initiatives.

In 2020, I was lucky that my organisation was in a position to retain its workforce. It allowed me some creative space to develop a new learning programme based on the provocation ‘how can we best prepare young people for the as-yet-unknown jobs of the future’.  To really interrogate the possibilities, I drew upon my arts background and my burgeoning knowledge of innovation as part of my studies towards an MSc Management with Business Innovation at Birkbeck.

Knowledge sharing as a tactic against future challenges

Influenced by the academic discourse, a possible solution started to emerge.  Skills in knowledge sharing might be the only ones relevant when future jobs are unknown. Knowledge sharing – the donating and collecting of information that is then utilised by the receiving individual as knowledge – is considered a key behaviour within innovation-led learning organisations. This was sounding like a promising direction to take the programme in.

Of course, it made sense to me that knowledge sharing as a learning tactic could be deployed against future challenges. But would the young participants understand this? Participants likely wouldn’t articulate it in clear academic terms.  So, how were the programme outcomes going to be measured?  I had spent a lot of time on the programme and had promised its stakeholders a full and extensive evaluation. The choice of possible quantitative and qualitative methods was, for a while, disabling.

I had to stop and cut myself some slack, as they say. I had to strip back my thinking to the level of an individual taking part. In order to evaluate the programme, what did I need to know from the young students?  Were they aware that they had experienced knowledge sharing in the workshop?

Picturing the experience

My logic was this: participants might not be able to fully articulate their experience of knowledge sharing, but they would give away clues about how they understood their experience through linguistic pictures in their responses. We often use linguistic pictures to create an understanding of something.  (For example, ‘feeling down’ provokes an understanding of a person’s mood in a picture form – we imagine a person looking down or lacking energy so therefore sitting down.)  So, I decided to conduct loosely structured interviews that allowed participants the space to fully describe their experience in their natural vocabulary.

Revealing something hidden

“I was showing my creative mind”, one said.  “There was more to it”, “I saw the meaning behind their picture”, others said.  “I delved deep into my soul”.  “I could really see”.

A common linguistic picture appeared, the experience of revealing something to others or having something revealed to them. Although the young students had not used the words share, give, or take, they were describing how they were giving information about themselves to others and then receiving information from others in return.  The donating and collecting of knowledge had been experienced, and interestingly, it was at the level of identity.

The role of identity in knowledge sharing

The artist facilitators instinctively started with teamwork activities that explored identities. One artist’s exercise was to take a polaroid of how the student saw themselves, then a second of how they thought others saw them. Each picture was an agent for discussion and became an indirect and less pressurised way to share.

I realised that before sharing complex information and before utilising it as knowledge towards challenges, participants were sharing who they were with each other.  They had been supporting each other to share their authentic selves, which created a shared psychological safety within which the rest of the workshop activities could be conducted.

This was an important revelation for me. Returning to the academic discourse, I found that identity and self-concept are linked to a person’s understanding of their own knowledge and abilities and whether they feel comfortable to share; a self-confidence to offer a contribution and a humbleness to know how others can contribute.

Empowered with these findings, I can talk about this new programme and its impact on innovation. I can say that through understanding who they are and what knowledge, insights and experiences they bring to the group, participants have practised knowledge sharing. They feel open and confident to take part in collaboration and collective problem solving.

Tailoring the learning experience

For the degree, I achieved distinction and received an award of academic excellence. But it wasn’t all hard work. I enjoyed the experience because I took the advice given to me in a Birkbeck dissertation seminar. Their recommendation was to investigate a topic that was of interest to me; that I could apply to my career or other ambitions, and that I would feel proud and empowered to know more about. This advice, coupled with the course’s flexible approach to module selection meant that I tailored my learning to me and my ambitions.

At work, the story I now tell about my new learning programme, Fusion Futures, is that it is more than ‘nice-to-have’ – it’s fundamental to innovation!

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Meet The Finalists | Pioneer 1.0 Programme 2022

Meet the early-stage entrepreneurs who will be pitching live at this year’s Pitch & Awards evening, competing for Best Business Idea and Best Business Pitch.

We are excited to introduce this year’s Pioneer 1.0 finalists who have been shortlisted to pitch their business ideas live in June in front of an esteemed judging panel and invited audience.

After two turbulent years which transitioned the Pitch & Awards evening to a virtual event, we are delighted to be back in the room to celebrate the fifth year of the programme.

Over the last five years, the Pioneer 1.0 programme has supported over 500 budding entrepreneurs at Birkbeck and continues to champion ambitious students and recent graduates who have innovative ideas that will make a difference.

Since kicking off in November 2021, participants have taken part in seven monthly workshops to develop the skills and knowledge to succeed in business, learning from a range of entrepreneurs, industry experts and each other to turn their ideas into reality.

The six finalists are in with a chance of winning either the Best Business Idea or Best Business Pitch award, each worth a £1500 cash prize to support their business, along with a bespoke package of mentoring, coaching and promotion.

This year, over 100 students and recent graduates have participated in the programme and their achievements will be celebrated at the pitch and awards evening on Tuesday 14 June at BMA House in Bloomsbury.

Meet the Finalists

Portrait of Annabel Ola looking into camera.

 

Annabel Ola

  • MSc Culinary Innovation Management
  • Business: BEKIRI

BEKIRI exists to expand the boundaries of modern luxury patisserie. The fusion classic recipes and African ingredients will offer a new dimension of cultural discovery and appreciation for customers.

 

Ella Snell smiling for the camera.

 

Ella Snell

  • MA Philosophy
  • Business: Art School+

Art School+ is a service which connects early-career and underserved artists with unique paid commissions. It further aids both artists and organisations by providing bespoke training and 360 support.

 

 

 

Picture of Kacey Ibirọ̀gbà

Kacey Ibirogbà

  • Bachelor of Law
  • Business: Kọ silẹ

Kọ silẹ (koh-see-leh) is a compounded social bookmarking platform, simplified and designed with the adaptability of restoring structured balance into every aspect of our lives.

 

 

Picture of Sonja

Sonja Bacinski

  • FDSc Computing/Information Technology/Web Development
  • Business: Zolibri

Zolibri is an online platform that finds, validates and brings together the best of ethical & eco-friendly cosmetics from numerous online shops so you can find them all in one place.

 

 

Picture of Susan Christine Wachera smiling

 

Susan Christine Wachera

  • MSc Organisational Psychology
  • Business: Black Talanta

Black Talanta is democratising access to equitable high-skilled employment by pairing internships with black heritage students and recent graduates enabling them to make an informed career decision about the professional pathways that best suit them.

 

 

 

 

Picture of Wunmi

 

Wunmi Adebowale

  • MSc Coaching Psychology
  • Business: The Whole Woman Initiative

The Whole Woman Initiative is the social cause working to end domestic violence against women in Nigeria by providing psycho-social support and building a safe space community.

 

 

 

 

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Food Businesses – 5 trends for 2022

Dr Thomas Kyritsis is Programme Director of Birkbeck and Le Cordon Bleu’s BBA Culinary Industry Management and MSc Culinary Innovation Management. He has received a first class BA (Hons) in International Hotel Management and a MA in Hospitality Management with distinction from the University of West London before pursuing a PhD on the impact of shareholder activism on the corporate boards of international hotel chains.

Le Cordon Bleu is known for helping shape the careers of some of the best chefs, food enthusiasts, and hospitality professionals around the world. Recently, more chefs are developing their own brands, setting up businesses, and moving from restaurants into retail.

This entrepreneurial route has become a strong motivating factor for students to pursue a career in hospitality. Market research and developing an instinct for the latest trends is part of the journey to become an entrepreneur. Here are a few trends we predict that aspiring food entrepreneurs should bear in mind for 2022.

 

Informality

A formal service is no longer as attractive to consumers and instead they are going for dining experiences that offer a relaxed service and environment. At the high-end, it has become about paring things back and simplicity. Less is more, and there is an even stronger focus on quality. There is also a notable shift towards greater engagement between staff, guests, and the food. People have a genuine interest in the menu and provenance has become important. Going forward, more fine dining businesses will try focusing on informality and accessibility.

Sustainability

Consumers are aware of the impact food production causes to the environment, and their choices are influenced by the extent that restaurants adopt sustainable and ethical practices. This is not just a fad – the Sustainable Restaurant Association was launched in 2010 with just 50 members, nowadays it has more than 7,000! Articles about the UK’s best sustainable restaurants are frequently featured in online food and travel resources. There will continue to be more transparency about where restaurants are getting their food from, how they engage with or support local producers, and how aspects such as food wastage are handled.

Digital Experience

Fast food, fast casual, casual, and grab-and-go concepts have become more digital, impacting the way we pay and order but also how brands engage with customers. Mobile ordering and contactless payments are standard practices; so, what comes next? Companies are exploring innovations that will transform them digitally. For example, Chilango recently opened its first digital-only venue in Croydon, including a fully digital ordering system. McDonald’s has tested AI which scans license plates with which to, with customers’ permission, predict orders and has also tested the idea of voice assistants to improve its drive-thru experience.

Membership Models

Many restaurants have, out of necessity, toyed with the concept of membership or subscription services. In the UK, M Restaurants offers its members exclusive access to their lounges and benefits such as complimentary breakfast, discounts on food and access to events such as masterclasses, tastings and talks. In the US, Michelin-starred restaurant Quince in San Francisco has created a membership based-model with its sister restaurants and its affiliate farm, Quince & Co, offering members a dining credit, quarterly boxes with seasonal produce and pantry products, and educational workshops.

Home Delivery/Meal Kits

The online delivery market was increasing at a significant rate before Covid-19, and during the pandemic it became even bigger and more important for hospitality operators. The pandemic also led to the growth of DIY meal kits. These meal kits have given the opportunity for many hospitality operators to diversify their revenue streams. Casual food brands as well as fine dining have both been embraced by consumers. Although many believe that the re-opening of the sector will slow down the DIY meal kit market, we believe that more operators will explore this avenue.

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Make soap not waste: the MBA graduate on a mission to reduce plastic packaging

Martina Schwarz wearing a grey t-shirt standing against a white background.

Blackmarket founder Martina Schwarz. Photo by Simon Habegger.

Martina Schwarz came up with the idea for a refillable soap that produces no plastic waste while writing her MBA thesis. Her business, Blackmarket, launches this September.

What should you do when you’re worried that the role you are great at is contributing to climate change?

This was the dilemma facing Martina Schwarz, an experienced packaging designer who’s worked with the likes of Unilever, Procter and Gamble and Kellogg’s, when she enrolled on the Central Saint Martins Birkbeck MBA.

“A friction started to develop between my work and my values”, Martina explains. “I decided to write my MBA thesis on packaging and sustainability to incorporate my experience as an insider in the packaging industry with a focus on sustainability.”

Martina began her exploratory thesis with a focus on skincare, but when the pandemic hit, pivoting to handwash seemed like a natural step. In April 2020, Martina left her job to focus full time on her business, Blackmarket, and its first product: a refillable liquid handwash that uses no single-use plastic packaging.

“The first question I always get asked is why ‘Blackmarket’”, she explains, “You could say that the name has negative connotations, but I’ve chosen it so that people will ask questions. Blackmarket symbolises a desire to change the status quo and challenge someone’s thought process about how we design products.”

Blackmarket’s handwash stands out from mainstream refillable competitors through its innovative delivery system. Through her research on the MBA, Martina realised that a lot of personal care and cosmetic products are made mainly of water. By removing the water, she was able to design packaging similar to that of dishwasher tablets or laundry detergents that dissolves in contact with warm water.

“It’s about rethinking how we create packaging”, says Martina, “the film is a thickener that gives the handwash the gel texture that we recognise, so the packaging becomes part of the product. By removing the water at the packaging stage, the product weighs 95% less than its competitors, so transportation emissions are also reduced. Why would we bother to transport something that we can get on tap at home?”

The film packaging of Blackmarket liquid soap is the thickener that gives it a recognisable texture. Image credit – Blackmarket.

Blackmarket’s innovative approach saw Martina receive the UAL Creative Enterprise Award for Innovation in July 2021. She receives £5000 and a mentorship from IBM iX, who sponsored the award.

“The prize money is absolutely incredible – as a startup founder, there are a lot of costs associated with launching a cosmetic product – but the mentorship is as valuable as the prize money if not more,” says Martina. “I’m so pleased that IBM iX is the sponsor – I’m looking forward to using the mentorship programme to focus on behavioural change and the customer journey, making it as easy as possible for people to make sustainable choices.”

While, environmentally speaking, the best choice for handwash is a bar of soap, Martina’s market research found that the majority of consumers aren’t willing to make the switch from liquid soap. The product aims to make it as easy as possible for consumers to make pro-environmental choices.

Blackmarket has launched with a Kickstarter campaign, and Martina has an ambitious vision for the business: “Long term, we want to launch new products like shampoo and conditioner, but also to think about packaging differently. The nature of packaging is to be something that protects, but I really want with Blackmarket to think of that quite differently. I want to change perceptions of packaging to something that is long term, precious, and to be proud of how much you have used it.”

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Rainbow washing: what should we think when every brand seems to support Pride Month?

With Pride Month becoming increasingly commercialised, Dr Olivier Sibai, Lecturer in Marketing at Birkbeck, University of London, Dr Mimoun, Lecturer in Marketing at the Business School (formerly Cass), and Dr Achilleas Boukis, Lecturer in Marketing at the University of Sussex discuss how brands are engaging with the month of celebration.

A zoom in on some people's feet with rainbow colours on them

Image credit: Angela Compagnone

It’s June again, the first heatwave has arrived, flowers are blooming, and more and more rainbow avatars appear on your social media feeds! Yes, it’s Pride Month again and brands won’t let you forget it! As everyone celebrates Pride, brands won’t stop showing their surface-level love and support to position themselves as socially progressive and increase their resonance with their younger audience.  From brands’ rainbow LinkedIn profile picture to Google Doodles, every brand and its neighbor are jumping on the occasion to demonstrate their virtue. Yet, people are not so easily fooled and criticism abounds! Between accusations of rainbow-washing, blog posts wondering whether we can escape the commercialisation of Pride, and lists of brand’s “Pride fails,” consumers show their disapproval vocally.

a screen shot of a Disney post showing disney characters walking across a rainbow 'Pride Flag' backgroundOur research recently published in Psychology and Marketing uncovers how consumers interpret brands’ LGBTQ+-related support and decide on whether to condemn or to approve them. We show that consumers are more likely to condemn brands as ‘woke-washers’ if they are unable to prove morally competent. Specifically, media and consumers make up their minds on the biggest corporates by assessing such performative acts of allyship through three moral criteria: sensitivity, vision, and integration.

Moral sensitivity — a brand must recognize the moral content of a situation as failure to do so is likely to damage customer satisfaction, customer-brand relations, and brand equity. For example, by posting straight characters walking over the rainbow flag, Disney has proved morally insensitive to the stigma and discrimination that LGBTQ+ individualsThe Uno game packaging with the tag line 'Play with Pride' on the cover are still experiencing in many instances.

Moral vision — a brand must show a clear moral vision when outlining challenges to free speech that help solve problems for markets and society as failure to do so results in brands being dubbed as ‘conformists’ — those who reproduce the dominant moral judgments about what is acceptable to say publicly. While Mattel still shows a lack of moral vision by mostly reproducing mainstream discourses around gender and diversity, it at least shows some moral integration with the launch of gender-neutral Barbie dolls in 2019 followed by the launch of the UNO Play with Pride edition this year (alongside $50,000 donated to the It Gets Better Project).

A screenshot of a Pfizer Inc. Instagram post with a video still of a woman called Valentina, and 'she/her/hers. The caption reads: "We're celebrating #PrideMonth2021 because everyone deserves to be seen, heard, and respected for who they are. At Pfizer, we affirm every way people may choose to identify. Watch what it means to be Pfizer and proud."

The caption reads: “We’re celebrating #PrideMonth2021 because everyone deserves to be seen, heard, and respected for who they are. At Pfizer, we affirm every way people may choose to identify. Watch what it means to be Pfizer and proud.”

Moral integration — a brand must have the ability to pursue their moral beliefs in all situations as failure to do so results in brands being dubbed as ‘opportunists’ and ‘fame-seekers’ — manipulating the boundaries of free speech to serve personal interest rather than reform morality. For example, despite sharing the positive experience of its LGBTQ+ staff members, Pfizer demonstrates a lack of moral integration by simultaneously funding anti-gay politicians.

But let’s not despair, some brands have understood the point of Pride Month and, in doing so, further the fight for LGBTQ equity and inclusivity. For example, over the last few year (moral integration), Skittles celebrates Pride Month with a limited-edition Skittles Pride Packs (gray packaging and all gray candies) to emphasize the rainbow visual as a symbol of the LGBTQ+ community (moral sensitivity), alongside donation of $1 from each pack to GLAAD.

A black and white skittles packet. The tag line reads: 'During Pride only one rainbow maters #onerainbow."

A Skittles packet with the tag line: ‘During Pride only one rainbow matters #onerainbow

So has Pride Month just become another branded holiday? Well, it’s not for us to settle. But what we can tell you is how to judge the genuineness of branded communication: evaluate the brand’s moral sensitivity, vision, and integration. While we can condemn the over-commercialisation of Pride Month, the good news is that these branded discourses, whatever their values and intent, still raise awareness of the LGBTQ+ cause and normalize and legitimize its presence in public discourse.

Want to know more? ‘Authenticating Brand Activism: Negotiating the Boundaries of Free Speech to Make a Change’ by Dr Olivier Sibai, Lecturer in Marketing at Birkbeck, University of London, Dr Mimoun, Lecturer in Marketing at the Business School (formerly Cass), and Dr Achilleas Boukis, Lecturer in Marketing at the University of Sussex, is published in Psychology & Marketing.

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“If you try and do everything at once, you’ll never get started.”

Neither pregnancy nor a pandemic could keep Francesca Calabrese from completing her degree. She reflects on her experience on the BBA Culinary Industry Management.

Picture of Francesca CalabreseWhen I first moved to London, it was really important to me to be independent and not ask for help from my parents. My friends were all going to university and I would have loved to do the same, but as I was working full-time, I couldn’t see how I would be able to get a degree and support myself.

I was aware of Birkbeck because I was working in a hostel in nearby Russell Square, but I hadn’t realised that it had evening classes until I came across a prospectus that somebody had left in the hostel.

As a supervisor, I’ve always liked management, and my other passion is for cooking, as my dad is a chef. Ever since I was little, I’ve wanted to set up my own food business, like a restaurant or bakery, so when I was browsing the Birkbeck website and saw a new course launching with Le Cordon Bleu, BBA Culinary Industry Management, it felt like a sign!

Even after applying and completing my interview, I had my doubts about whether I would be able to manage work and study. However, I decided to give myself this opportunity, so I shifted to working part-time and applied for a student loan to help fund my studies. I’m so glad I did, as the course has been an amazing experience and really important for my future career.

The first year flew by: we had the opportunity to do practical sessions at Le Cordon Bleu, which I found completely fascinating. At Birkbeck, I attended lectures and explored management in more depth through small group seminars.

In the second year, we suddenly found ourselves in the COVID-19 pandemic. Even that felt doable, as our tutors were so understanding and were always available any time we needed help or support.

A global pandemic would have been enough to deal with, but last summer I got pregnant and once again was wondering if I would be able to manage. I can be quite a stubborn person and my friends were sure that I would end up dropping out, but I decided once again to give myself the opportunity to succeed. It was tough: my parents were in Italy and couldn’t come over to help me and the thought of the assessments I needed to do once my son was born was really stressful! At the time, I thought I would never make it, but now I’m writing my dissertation having missed just one class through it all and I’m almost done!

I’m so proud of what I’ve achieved and most of all I’m happy that I didn’t give up. Once things are a bit more normal, I’m interested in exploring food development and eventually opening my own business.

My advice to anyone considering studying at Birkbeck is that it’s really difficult to think in one-year terms: take things slowly, do one thing at a time, one exam at a time and things will get much easier. If you try and do everything all at once, you’ll never get started. Take your time, reflect and do things at your pace.

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Pioneer 1.0 Programme 2021: Meet The Finalists

Meet the entrepreneurs who will be pitching their Business Ideas at this year’s virtual Pitch & Awards evening in June, competing for Best Business Pitch and Best Business Idea.

We are delighted to introduce this year’s Pioneer 1.0 finalists who have been shortlisted to pitch their exciting business ideas in front of a virtual audience and judging panel. Now in its fourth year, the programme continues to support and champion early-stage entrepreneurs with innovative ideas, helping to turn them into a reality.

Pioneer 1.0 is an extra-curricular course for Birkbeck students and recent graduates looking to develop the knowledge and skills to excel as an entrepreneur. Over seven monthly weekend sessions, participants learn from a range of entrepreneurs, industry experts and each other to build the skills needed to develop their business idea further.

Representing the best entrepreneurial minds in Birkbeck, the finalists are in with a chance of winning either the Best Business Pitch or Best Business Idea award, each worth a £1500 cash prize to support their business, along with a bespoke package of mentoring, coaching and promotion.

This year, over 150 students and recent graduates have participated in the programme and their achievements will be celebrated at the virtual pitch and awards evening on Thursday 17 June, with a panel of independent judges, fellow entrepreneurs and industry leaders.

Meet the Finalists!

Picture of Nicky CarderNicky Carder

Being surrounded by people doesn’t automatically cultivate connection. Gatherism understands that and aims to bring customers and businesses together who seek community and share its mission to reduce loneliness and isolation.

Founder Nicky Carder has worked in community development and events management for 12 years and has experienced first-hand the importance of bringing people together.

Gatherism starts with a podcast to engage listeners through the storytelling of shared experiences and the power of community with the aim to inspire, motivate and connect people to the communities, projects, products and services that matter the most. Gatherism wants to listen to the needs of an evolving, post-pandemic community to help them to thrive better, together. Will you gather with us?

Picture of Lydia CarrickLydia Carrick

Apputee is an app designed to guide new amputees through their hospital stay and subsequent recovery, connecting them to a support network of experts and other amputees. Over 1 million amputations occur globally, and amputees often feel alone and scared.

The app will accompany new amputees through their recovery, using progress trackers and a gamified system to help amputees get the motivation they need. The app will also accumulate knowledge from medical professionals, such as doctors and mental health specialists, as well as interviews with other amputees about their experiences.

Apputee helps ease anxieties around the unknown and creates a roadmap from hospital back to their new “normal” – from understanding medication to navigating their return to work.

Picture of Makeda ColeMakeda L. Cole

At Kho Kho London we’re nuts about delivering eco-friendly, affordable fashion! We specialise in repurposing environmental waste into uniquely bespoke bags, saving landfill and reducing toxic emissions and supporting socio-economic empowerment for disadvantaged communities.

Our coconut-shell pouches are designed by nature making them quite literally one-of-a-kind — for the modern person with enough space for what you cherish –handcrafted with love in West Africa.

The amazing thing about our bags is that they are handmade by artisans meaning that we are actively engaged in improving the socio-economic status and livelihood of our crafters in Sierra Leone.

We hope for a world where you know where your products are made and by who. Well, that’s us in a nutshell. Cashew later!

Picture of Grzegorz JadwiszczakGrzegorz Jadwiszczak

Financial Literacy is an ongoing concern, with research showing that many people struggle with basics of finance and money management. My business’s mission is to tackle this issue with a three stage plan, starting with building an online community providing social media content and podcasts under ‘Finance Preacher’.

I hope to utilise this to setup a platform where like-minded individuals can network and learn from each other as well as local experts. This will hopefully enable locals to help each-other, giving more impactful advice than what is available to date.

This platform will be leveraged with the aim to lower the entry point to financial advice. Developing either an AI Chat Bot or a process for short term meetings with financial advisors.

Picture of Rosie MaggsRosie Maggs

History through theatre offers a unique interactive history experience tailored to the national curriculum and delivered straight to the comfort of the classroom.

From plays to talks, we can tailor the session to the school’s needs as well as making it age appropriate. We are fed up of children not getting the most out of their history lessons and disliking a subject that should be valued.

Our goal is to create unforgettable experiences which will spark a life long interest in history.

Picture of Kate StrivensKate Strivens

Afro Cycle is a black owned business designing helmets for children and adults with afro, black natural and thick curly hair. The helmet combines fashionable aesthetics with ergonomic design to produce a product that provides safety to the cyclist and protection to the hair.

When I cycle through London I know I am not safe and my hair is getting damaged beyond repair. This is why I am passionate about using my lived experience to create a helmet for people like me, who want to cycle safely and have products designed with them in mind.

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Driving Investment: The Missing Piece to your Investment Portfolio?

This blog was contributed by BSc Financial Economics student Paul Talbot and was originally written as an assignment for the module Quantitative Techniques for Applied Economics.

Picture of a classic car

Classic cars, an alternative investment that is rarely discussed when investors are looking for a strategy to increase ROI in their portfolios. Some prestige classic cars have increased over 400% in the last decade[1], but what sets these assets apart from status quo investing?

“Stories. That to me is the answer. Every car has its own history, its own adventures, its own japes and probably plenty of scrapes. Tales to be told and shared with fellow enthusiasts. Few other asset classes, however valuable or beautiful, can match it”[2]

The majority of investors would not be able to afford a 1960 Ferrari 250 GT, but investment growth has been seen across the majority of the classic car market. A more affordable sector is British classic cars, iconic cars such as the Jaguar E-Type or the Triumph TR6 has yielded over 50% returns since 2007, outpacing the heavyweight UK asset classes.

Graph showing price indices of UK classic cars

The classic car market also benefits from a favourable tax status, investors do not pay capital gains tax on profits as they are classed as “Wasting Assets” by HRMC. Movable assets such as classic cars can be gifted to family members, if no benefit is retained or lent, or for a period each year, to a car museum to avoid paying inheritance tax on death. If you intend to enjoy your investment on the road, they are also exempt from road tax and a MOT.

Tax relief of 20% on investment gains already drives these assets ahead of other financial instruments and it is no surprise that this is attracting some attention. The classic car market added significant gains to the UK economy last year[3] and is expected to continue grow from £940 Million in 2019 to £1.65 Billion in 2023.

Graph showing projected UK classic car market

Investing in classic cars does not come without a few speed bumps, it is not a case of purchasing any car and hiding it away for many years. Paul Michaels of Hexagon Classics notes “The very best cars — meaning those with full histories in exceptional condition, either completely restored or lovingly maintained with some age-related patina — will always command the highest prices.”

It is always advisable to get an expert opinion and the history authenticated before purchasing your investment and continue to keep your new asset lovingly maintained and stored away from the elements. All the above will add an upfront and annual running cost to purchasing the investment, reducing overall yield, but in turn, the better the asset is maintained and stored, the higher possibility of future gains.

The average global investment portfolio last year contained only 4% of luxury investments, this includes fine wines, collectable coins, art, jewellery and classic cars to name a few[4]. With climate change at the forefront of government polices banning the sale of petrol/diesel cars by 2030 and the rise of autonomous vehicles, will only make these investment stars a rarer commodity.

Pie chart showing global average asset allocation.

With central banks flooding the markets with liquidity, artificially supporting equities and driving down bond yields, parking a little piece of history in your garage and diversifying your portfolio will not only provide the perfect inflation and market correction hedge, but you may have some fun along the way.

Next time you look at your annual investment report, the immortal words of Wilbur Shaw may spring to mind.

“Gentleman, start your engines”

Further Information

[1] https://www.hagerty.com/apps/valuationtools/market-trends/collector-indexes/Ferrari

[2] HRH Prince Michael of Kent interview with Knight Frank November 2020

[3] FBHVC National Historic Vehicle Survey – https://www.britishmotorvehicles.com/news/fbhvc-national-historic-vehicle-survey-reveals-significant-contribution-to-uk-economy

[4]The Attitudes Survey is based on responses from 600 private bankers and wealth advisers managing

over US$3 trillion of wealth for UHNWI clients. The survey was taken during October and November 2018

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Around the world in an MBA

Marketing Manager and MBA student Lorena Ramirez shares her journey on the MBA, across three continents and what she has learned along the way.

Picture of Lorena Ramirez

The first time I heard about the Central Saint Martins Birkbeck MBA was while living in Peru. I’d been working in the fashion industry for the last ten years and was ready to expand into different creative areas. I was looking for a Masters degree that focused not only on fashion, but on creativity and innovation.

There are lots of really good MBAs in London, but the Central Saint Martins Birkbeck MBA was different. There is nothing else in the market that mixes art, design, business and social innovation in that way.

I fell in love with the course immediately, but attending face-to-face sessions in London wasn’t an option for me, so I was forced to put my plans on hold.

Moving to London

It just so happened that, months after discovering the MBA, my husband was offered a job in the UK. We moved to London without any hesitation: I arrived, found a job, got pregnant and applied for the MBA! I had my interview with Dr Pamela Yeow, the Course Leader, about a week before I gave birth.

I had my reservations about starting a Masters with a newborn baby, but when I won a scholarship for the course I felt like it was a sign to just do it. I started the programme and absolutely loved it. On a course like this, it’s so important that your peers are with you on this journey. For a lot of MBAs, the average age is around 24 or 25. I’m 37, and while the youngest person in our cohort was 25, the oldest was 60. Through the MBA, I met people in media, television, different organisations and entrepreneurs. The diversity of ages and interests in my cohort was what I enjoyed most about the experience.

Then my maternity leave finished, the pandemic hit and I found myself working full-time with a baby under highly pressured circumstances. Sadly, I couldn’t continue the MBA with my cohort, but Birkbeck and Central Saint Martins were very understanding and supportive. It was not an easy decision, but looking back, I think it was the right one. I wouldn’t have had the time to properly enjoy the reading and the learning process if I had continued then.

Picture of Lorena with her son

Recognise this scenario? Lorena trying to work and study, featuring her son Noah.

A new challenge in Ceuta

Despite having to put my studies on hold, this has been a whirlwind year: I was promoted to Marketing Manager for Spain for my organisation and relocated to Ceuta, an autonomous Spanish city in Morocco. Ceuta is a small, quiet city, so it’s a big change from London!

In my new role, I am already applying the learning from the first module of the MBA, which is all about how to solve complex problems. Right now, in Spain, the gambling industry is facing new marketing regulations which drastically change the way it has worked for the past twelve years. This has a huge impact on our work, meaning we have to really think outside the box when it comes to promotion.

Changing the way an entire company works is very difficult, especially when you lead teams. For me, the MBA was the perfect preparation to face this challenge. On the course, we completed a project with the London Ambulance Service – what we are learning is not theoretical, it’s real life, day by day. In my work now, we essentially have to reinvent all the departments and how we’re working. For this to be a success, you have to change the way of thinking not of the directors but of the users and your team, and that is the most difficult thing. I’m grateful to have had the opportunity to study to have a preparation to understand this better.

Where next?

From March 2021, I’ll be travelling to London once a month to re-join the MBA programme – I can’t wait to get started again!

In the long term, I would like to go back to sustainable fashion, for which my current experience in online marketing will be really valuable. I’d like to work with artisans, especially Peruvian artisans, linking them with brands across the globe. Most artisans around the world don’t speak Spanish or English, so it can be difficult to reach them, but I hope to do this through a foundation or social enterprise – I think the MBA will lead me to the right way to do this.

Further Information

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