The UK Student Loan system is complicated.
The UK student loan debt you accumulate isn’t debt in the traditional sense; you are only required to make repayments when you earn above a salary threshold. And, if you haven’t fully repaid your debt 30 years after graduating from University, the remaining balance is wiped.
In practice, this means that only a small percentage of current and future students are set to fully repay their student loan balance before it is wiped. …
Innovation, or its antithesis, imitation, are both strategies that companies employ, for better and for worse; it seems clear from the divergence of views in strategic management theory that neither innovation or imitation are ultimately superior to one another.
Innovation and imitation are individually advantageous at certain points in time, contingent on environment, resources and capabilities. I propose the idea of strategic forks in the road, where managers must contend with the trade-offs between innovation and imitation with every strategic decision they make.
At each fork or strategic decision, imitation should be preferred when your organisation doesn’t have the dynamic…
Consider the marketing genius behind bottled water.
In the Western World, bottled water represents excess: a ubiquitous commodity available in millions of homes direct from the tap for next to nothing is packaged and sold, often at over a hundred times the cost of the water itself.
Much of the value of bottled water is derived from its convenience, but demand is also created from powerful marketing.
Richard Wilk has pointed out that successful brands create meaning for customers. …
Many of us have dreams that seem unachievable because money gets in the way. I’m not talking about owning private jets or islands; I’m talking about going on that dream holiday, saving to go to college, or starting a business.
Investing can be the answer to these dreams, and it can be as simple as opening an account with your bank or an investment broker and putting as little as $1 a day.
Note that whilst investing will yield you a higher return on your money on average, returns are not guaranteed (unlike putting your money in a savings account)…
The COVID-19 pandemic is proving to be a profound challenge for billions of individuals.
But, it is also challenging the basic assumptions underpinning our societies.
One of these assumptions is the American societal refusal to treat healthcare as a universal right.
In the midst of the COVID-19 pandemic, the U.S. health system is struggling to cope. The complex network of public health agencies, medical care systems, insurers and state-specific aid has made it difficult for a necessary and coordinated response to be made. As Tim Putnam, chief executive of Margaret Mary Health in Indiana, told the FT:
“People talk about…
Gone are the days when Apple only offered one iPad.
Right now, there are four different iPad models, each with their own screen size and capabilities. Before we dive into which iPad is best for your use, here’s an explainer of the lineup today.
As the name suggests, the mini is the smallest of the bunch with a screen size of 7.9". Don’t let its small size fool you, though: it has the capable A12 chip, which means super-speedy browsing, media playback, and gaming. Plus, it supports the Apple Pencil and comes with 64GB of storage.
You are offered two attractive business opportunities. The first promises a 17% return and the second a 14% return. Which should you choose?
You might think that the first project would always be a smart choice. In doing so, you are falling for the fallacy of the internal rate of return. Here’s why.
There are two common methods used for valuing investment projects, (like developing a property or opening a new store for your business).
The first metric used is the Net Present Value (NPV). When you calculate the Net Present Value of a project, you sum up all the…
So, you are curious about investing, but you aren’t sure where to start? These are 10 key things you need to know before you begin.
When you invest, you are purchasing financial assets. Here are some common examples:
I first discovered a cashback site back in 2018. As a student, I was intrigued; every penny counts. I started using the site for all of my online purchases, including insurance, eBay purchases and train tickets.
2 years later, I have made £585 ($711), simply by buying things online. Here’s how you can do the same.
Apple’s iPhone strategy normally goes like this: they make a premium phone, with luxury materials, excellent software support, and charge a lot for it. Not everyone will buy one, but Apple’s profit margins are high enough to make this price-sales tradeoff.
The original iPhone SE, and its 2020 counterpart, have gone against this trend, in one meaningful way: price. The new iPhone SE retails for $399, a great deal less than recent iPhone flagships, the iPhone 11 ($699) and iPhone 11 Pro ($999).
Despite the low price, critics of Apple’s 2020 SE have denounced the legacy design of the phone…