The High Street crisis – how to “business” an article and develop skills

Post by : Helen
Date : 03 Apr, 2018
Category : Blog Posts

The High Street crisis – how to “business” an article and develop skills

A key challenge is getting all of our students engaged in wider reading. We encourage them to follow the news and discuss what is happening in the real world. This is so important in helping students understand case studies in the examination and where appropriate bring in their own examples.

When reading articles or watching the news encourage students to “business” the story. By this I mean to identify what areas of theory the reporter is talking about.

Six reasons behind the High Street crisis

Here is an excellent BBC article, one of my favourite sources, on “Six reasons behind the High Street crisis”.

http://www.bbc.co.uk/news/business-43240996

To encourage active reading here are some clues as to the “business” your students should be able to identify.

SWOT Profit margin Investment appraisal PED Liquidity Demand E-commerce Discretionary spending
Porter’s generic strategy Inflation National minimum wage Depreciation of the pound PESTLE Costs
Real wages Brexit Disposable income Sales forecasting YED Marketing mix Market share Gearing
Porter’s 5 forces Competitiveness Ratio analysis Cash flow National living wage Strategic drift
Investment criteria Profitability

This general article about the High Street can now be linked to specific examples.

Six examples of the High Street crisis

1 ToysRUs Toys R Us to close all US stores

http://www.bbc.co.uk/news/business-43411051

2 Maplin Maplin collapses as rescue talks fail

http://www.bbc.co.uk/news/business-43223175

3 Jamie’s Italian Jamie Oliver closes flagship Barbecoa restaurant

http://www.bbc.co.uk/news/business-43121644

4 Prezzo Prezzo restaurant group to close 94 outlets

http://www.bbc.co.uk/news/business-43515133

5 New Look New Look to axe 1,000 jobs and 60 stores

http://www.bbc.co.uk/news/business-43486521