Through the #DILO series of blog posts, we have been bringing you insights into our master’s students’ lives, sharing their thoughts and opinions, ups and downs, and key learning points during their online studies. The whole idea behind this series is to make you aware of the realities of online studies and help you in decision making.
Here are a few insights and some words of wisdom that one of our online master’s students had to share from her own experience.
Which Uni are you studying at?
University of Cumbria
University of Cumbria
Which programme did you choose?
MBA in Educational Leadership
How did you plan to study each module, and what was the reality? How many hours did/do you have to put in each day/or in a week?
I took one module per term – based on 10 hours study per week, except for a mid-term and end-term assignments when an additional 10 hours over the weekend was necessary.
In addition, I devoted an extra 4 hours per week, every week towards my assignment, except for the final term when I was studying on an average of 3 – 4 hours per day to complete it.
What part of the day did/do you find most suitable to study? (e.g. early mornings, lunch break, evenings, weekends?)
I usually studied evenings and weekends to fit around my full-time employment.
How did travelling impact your ability to study?
Travelling did not impact my studies at all.
How were you able to interact with peers and/or professors given the time differences?
Yes – emails was the common means of communication for me.
How much time did you devote for each assignment?
I typically spent recommended 20 hours/week for each assignment.
Emails was an effective means of communication
What does a typical day as an Online Masters’ student look like for you?
I would goto full time work as normal every weekday, return and eat supper. Then I would study for 3 hours each evening. At the weekend, I spent at least one full day studying, with extra reading for about 3 hours on a Sunday.
Any advice you have for students to better plan their studies.
My advice will be to read as much as you are able to before you get into the module as then the time for each element becomes very short and you are expected to read and learn information very quickly in order to respond on the group message board.
It is much better to prepare well and not leave anything until the last moment – remember sometimes ‘Turn It In’ can take 24 hours to respond!
If you have been thinking of joining a master’s programme or have had this personal goal to gain a higher degree, now is the time! Take the valuable advice from our current students, gain from their experience, add your own unique study strategies, and make your own success stories! I would love to feature you one day on our college blog.
Chat LIVE on WhatsApp with one of our Education Advisors for more information on all the programmes we offer, application process, and for information on discounts we might be offering at this time.
The spirit of thanksgiving is all about us as Thanksgiving draws near. Families get together at the table to enjoy delectable meals and to consider the important things in life. While there are countless things to be thankful for—family, health, friendships—one aspect stands out as a cornerstone of personal and societal growth: education.
One common phrase for education is “the great equalizer.” It gives people the confidence to follow their aspirations and opens doors to opportunities. Let’s pause this Thanksgiving to recognize the enormous influence that education has on each other, our communities, and the global community.
Empowerment Through Knowledge
Our education provides us with the information and abilities needed to successfully negotiate life’s challenges. The foundation for both personal and professional success is laid by education, which encompasses critical thinking, creativity, and literacy and numeracy skills. It is a means to a better future for a great number of people.
Consider the people in your life who have benefited from education: a self-taught artist, a first-generation college graduate, or a talented tradesperson. These tales all show how education may enable people to overcome adversity, pursue their passions, and make significant contributions to society.
Building Stronger Communities
When we invest in education, we invest in our communities. People with higher levels of education are more inclined to support local businesses, take part in civic activities, and advance social progress. Higher levels of education are frequently associated with better public health, fewer crimes, and higher levels of civic involvement in communities.
Let’s give thanks to the educators who devote their life to influencing the next generation this Thanksgiving. These people, who teach anything from kindergarten to university, encourage pupils to think critically, dream big, and put in a lot of effort. They not only impart knowledge but also instill values of perseverance and empathy.
Lifelong Learning
Learning continues even after we leave the classroom. It’s a never-ending adventure where there’s always something new to discover. There are several ways to pursue information, including reading books, enrolling in online courses, and attending workshops.
Take into account the tales of people who have changed their lives by lifelong learning—an adult going back to school to obtain a degree, a retiree taking up a new pastime, or a professional learning a new professional skill. Let’s honour the idea of lifelong learning this Thanksgiving and the many ways it improves our quality of life by motivating us to remain open-minded and flexible in a world that is constantly changing.
Gratitude Beyond the Classroom
Even if formal education is important, we also need to acknowledge the unofficial sources of knowledge that help to build our viewpoints. Mentors, friends, family, and even the outside world teach us important lessons that help us develop.
Think back on the lessons your grandparents taught you, your friends’ advice, or the insight a community leader gave with you. Lessons from these encounters are frequently equally as important as ones that are acquired in a classroom. Let’s give thanks to the educators in our life on this Thanksgiving—those who push us intellectually and motivate us to think critically.
The Role of Education in Cultivating Gratitude
Education instills in us the value of compassion and understanding. Acquiring knowledge about diverse cultures, history, and viewpoints heightens our awareness of the surrounding environment. This knowledge encourages us to be appreciative of the different experiences of others as well as to feel thankful for our own situations.
For instance, learning about history reminds us of the progress we’ve achieved and the work remaining to be done by enabling us to comprehend the challenges and victories of those who came before us. Reading literature exposes us to a variety of perspectives and improves our capacity for empathy. Let’s give thanks this Thanksgiving for the chances that education gives us to comprehend the human condition on a deeper level.
Returning the Favour: The Gift of Education
As we gather around our Thanksgiving tables, let’s also consider ways to give back to the educational community.
There are various ways to support education: you might mentor students, contribute to scholarship funds, or volunteer at nearby schools.
You can think about conducting a book drive for your neighbourhood libraries, offering your professional expertise to young adults, or tutoring a student who is having academic difficulties. Every deed of kindness strengthens the cycle of education and development in our communities by making someone else’s future brighter.
Celebrating Educational Initiatives
Apart from our individual contributions, we can also acknowledge and endorse educational endeavours that strive to enhance the availability of high-quality education. Numerous groups put in a lot of effort to close the achievement gap, whether it is by supporting legislative initiatives that advance educational equity or by giving resources to schools that receive insufficient funding. This Thanksgiving, think about learning more about these projects and lending your support to help them achieve greater success.
This Thanksgiving, when we give thanks and consider our blessings, let us remember the transformational potential of education. It moulds our lives, fortifies our communities, and motivates us to become better people.
Let’s value the gift of knowledge and make a commitment to developing it in both ourselves and other people. We can all contribute to the elevation of those around us, whether it is through formal education, lifelong learning, or funding our neighborhood’s educational projects.
Wishing you a joyful and fulfilling Thanksgiving filled with love, gratitude, and the spirit of learning! May we all carry forward the lessons we’ve learned and share the gift of education with others.
Any organization needs business development to thrive because it fosters sustainability, innovation, and growth. Knowing the essential components of successful business development can have a big impact on a company’s performance. Here, we’ll look at the seven solid business development pillars that can support the growth of your company.
Strategic Vision
It is crucial to have a compelling and distinct strategic vision. It describes the organization’s long-term objectives and provides guidance on how to meet them. All team members and stakeholders should be in agreement with this vision through good communication throughout the organization. A cohesive approach to expansion and development is fostered when all employees are aware of the business’s direction.
A strategic vision is more than just a mission statement; it’s a roadmap for the future. This vision should encapsulate your long-term goals and the core values that drive your organization. It should answer key questions such as:
What do we aspire to achieve?
How do we differentiate ourselves in the market?
What impact do we want to make in our industry or community?
Ways to achieve strategic vision:
Vision Workshops: Engage stakeholders in brainstorming sessions to develop a shared vision.
Vision Statement: Create a succinct, memorable statement that reflects your aspirations.
Communication: Use internal newsletters, meetings, and workshops to ensure everyone understands and embraces the vision.
Analysis and Research on the Market
To recognize possibilities and risks, one must have a thorough understanding of the market landscape. Thorough market research yields valuable insights into the demands of customers, the competitive landscape, and upcoming trends. Businesses can use this information to customize their services to match consumer expectations and make well-informed decisions.
To conduct efficient market research, you must collect, evaluate, and synthesize information about your target market and audience. This include determining the demographics, tastes, and pain points of the consumer as well as researching rivals and market trends.
Few ideas to conduct market research and analysis:
Surveys and Feedback: Regularly gather customer feedback through surveys and focus groups.
Competitor Analysis: Study competitors to understand their strengths, weaknesses, and strategies.
Data Analytics: Utilize tools like Google Analytics and market intelligence platforms to track trends and behaviors.
Developing Relationships
Healthy relationships are essential to the long-term success of any organization. This includes ties with clients as well as partnerships, industry contacts, and community service.Strong relationships are at the core of successful business development. Networking with potential clients, partners, and industry leaders can open doors to new opportunities. Building trust and rapport creates a foundation for collaboration and long-term partnerships.
Networking Events: Participate in trade shows, conferences, and local business events to meet potential partners and clients.
Follow-Up Strategies: Implement follow-up protocols after initial meetings to maintain connections.
Community Engagement: Engage in local community events to build goodwill and brand recognition.
Value Proposition
A clear value proposition distinguishes your business from competitors. It articulates the unique benefits your products or services provide to customers. Understanding and effectively communicating your value proposition is vital for attracting and retaining clients. A value proposition should make it obvious why customers should pick you over rivals and what makes your good or service special. It need to cover the advantages and results that clients can anticipate.
Strategies for innovative value proposition:
Encourage Creativity: Foster a culture where team members feel empowered to share ideas and experiment.
Collaborate: Partner with clients or other organizations to co-create solutions that address mutual challenges.
Feedback Loops: Regularly solicit feedback on your products/services to identify areas for improvement and innovation.
Leveraging Technology
Using technology to its full potential can greatly improve your business growth efforts. Make use of marketing automation tools to expedite procedures, data analytics to obtain insights, and CRM systems to maintain relationships. You can make the most of your outreach and make sure that everyone on your team has the resources they need to thrive by utilising technology.
Adopt CRM Systems: Use customer relationship management tools to keep track of interactions, manage leads, and analyze customer data.
Utilize Data Analytics: Leverage analytics tools to gather insights on customer behavior, market trends, and campaign performance.
Marketing Automation: Implement automation tools for email marketing, social media posting, and lead generation to save time and ensure consistency.
Effective Communication
Effective communication is crucial for the growth of a firm. This covers listening to your clients as well as how you convey your thoughts. Make sure your messaging speaks to the particular issues that your target is facing. By using narrative, you may improve communication and increase the relatability and memorability of your value proposition.
How to foster effective communication for the business:
Tailor Your Messaging: Customize your pitch based on the audience’s needs, using industry jargon or simple language as appropriate.
Use Storytelling: Share success stories or case studies that illustrate the impact of your product or service.
Active Listening: Make sure to listen more than you speak. Understanding client needs is key to providing solutions.
Continuous Learning and Adaptation
Because of the rapid changes in the corporate world, it is imperative to make a commitment to lifelong learning in order to remain relevant. Urge the members of your team to look for opportunities for professional growth, go to workshops, and keep up with current business trends. Be receptive to criticism and prepared to modify your plans in light of fresh data or changes in the marketplace.
How to follow a continuous learning approach:
Invest in Training: Encourage team members to pursue workshops, online courses, and certifications related to their roles.
Seek Feedback: Regularly ask clients and team members for feedback to identify areas for improvement.
Embrace Change: Stay open to new ideas and be willing to pivot your strategies based on insights and trends.
Business development is an ongoing process that requires attention to various interconnected elements. Each of these pillars plays a vital role in the overall success of business development. By investing time and resources into understanding your market, building relationships, communicating effectively, planning strategically, innovating, leveraging technology, and fostering continuous learning, you create a solid foundation for growth. Embrace these pillars, and watch your business thrive in a competitive landscape.
Whether you are aiming to develop your own business or are a thriving business development manager, share your thoughts and challenges you faced in business development in comments section below.
Sometimes, the fear of the unknown is more of a hindrance in achieving your end goal. Once you are past this fear and are well informed, it is just a matter of planning your path. Similar is the plight of students who want to study of online but face the fear of the unknown, such as : What is the best way to study online? Should you do an online programme? How to better manage time when learning online? And so on.
Through this continuing series of blog posts, some of our past and current students have shared their experiences, thoughts and opinions and given their feedback on handling some of these choices and situations. Hopefully, this will help you to make an informed decision.
This time we have a charismatic, authentic leader and scholar, alumni from University of Cumbria.
An Introduction
Which Uni are you studying with?
University of Cumbria
Which programme did you choose and why?
Master’s of Business Administration – because I believe in understanding enterprise end-to-end including its critical resources – which are – people. The only way to gain such understanding is by studying the general MBA.
The Study Plan
How did you plan to study each module, and what was the reality? For example, how many hours did/do you have to put in each day/or in a week?
The plan was to tackle each module soonest or even before we formally commence with it; it did not always happen that way due to other commitments such as work, family etc; I did on average utilised at least 3.5 to 4.5 hours daily for studying.
What part of the day did/do you find most suitable to study? (e.g. early mornings, lunch break, evenings, weekends?)
There was no preferred time for me; I would read as my brain demanded at any time of the day.
Photo credit: Canva.com
How much time did you devote to each assignment?
I dedicated an average of 4.5 hours per day to deal with my studies.
Travelling and Communication
Photo credit: Unsplash.com
How did travelling impact your ability to study?
Travelling did affect negatively because when you travel the concentration reduces, Therefore, at times I found myself behind my reading/studying schedule.
How were you able to interact with peers and/or professors given the time differences?
The platform we utilise plays a quintessential role because discussions remain on the forum for further peruse if one misses the class; this did eliminate the issues of time differences. On the other hand, my City’s time is in line with UK time so I did not have problem as such
Photo credit: Canva.com
A typical day as a master’s studentWhat does a typical day as an Online Masters’ student look like for you?
It remains busy typically; I am naturally a busy person juggling amongst gym, work, family and martial arts, so studying only was just another exercise added to the many others I already had. Mind you however, that some people found it odd the way I live. But it is normal to me.
Any advice?Any advice you have for students to better plan their studies.
They need to be relentless, dedicated and create time for their studies. Time is always a scarce resource, insufficient for its demand hence one must really ensure that study time is created and preserved else, they would not make it.
Photo credit: Canva.com
I hope this blog has answered some of your questions, and provided that motivational boost to your academic plans. You can also chat LIVE on WhatsApp with one of our Education Advisors for more information on all the programmes we offer and the application process.
Gold has fascinated humans for thousands of years, serving not only as a symbol of wealth and power but also as a reliable investment. In today’s financial markets, gold continues to play an essential role in diversifying portfolios and protecting against economic uncertainty. In 2024, it remains a popular investment option for both seasoned investors and newcomers to the financial markets. Whether you’re looking to diversify your portfolio or seeking a safe haven during economic uncertainty, gold offers unique benefits and some challenges. This guide will provide a comprehensive overview of investing in gold, exploring its pros and cons, and explaining why it continues to be a preferred choice in 2024.
Why Invest in Gold?
Gold is a unique asset, prized for its intrinsic value and long history as a store of wealth. Here are some of the key reasons why gold remains a popular investment in 2024:
Hedge Against Inflation: Gold is often seen as a hedge against inflation because it tends to hold its value as the purchasing power of fiat currencies declines. In times of high inflation, gold prices usually rise, making it a preferred choice for preserving wealth. With global inflationary pressures continuing, especially due to geopolitical tensions and supply chain disruptions, gold has been a favored asset for those looking to protect their portfolios.
Safe Haven During Economic Uncertainty: During periods of economic or political instability, gold is considered a “safe haven” asset. It is a tangible asset that retains value even when other investments, like stocks or bonds, may be volatile. In 2024, ongoing global uncertainties, including conflicts, pandemics, and market volatility, have driven many investors to gold as a safe harbor for their wealth.
Protection Against Currency Depreciation: Gold is not tied to any single currency, making it a valuable asset during times of currency depreciation or devaluation. As currencies weaken, the value of gold typically increases. With some currencies under pressure in 2024 due to economic policies and global events, gold has served as a reliable store of value.
Liquidity: Gold is highly liquid, meaning it can be easily bought or sold anywhere in the world. This makes it a flexible investment option that can quickly be converted into cash when needed. The ability to quickly liquidate gold holdings in response to market conditions has made it an attractive option in 2024’s fast-moving financial landscape.
Portfolio Diversification: Gold has a low correlation with other asset classes, such as stocks and bonds. This makes it an excellent tool for diversifying a portfolio, as it can reduce overall risk.2024 Perspective: With stock markets experiencing unpredictable swings, diversifying with gold has been a strategic move for many investors in 2024.
Photo Credit: Pexel.com
How to Invest in Gold
Investing in gold can be done in several ways, each with its own set of advantages and disadvantages:
Physical Gold
Forms: Gold bullion, coins, and jewelry.
Pros: Tangible asset, no counterparty risk, can be stored privately.
Cons: Requires secure storage, insurance costs, lower liquidity compared to paper gold.
Gold ETFs and Mutual Funds
Overview: These funds invest in gold and are traded on stock exchanges, making it easy to buy and sell gold without needing to store it physically.
Pros: High liquidity, ease of access, no need for physical storage.
Cons: Management fees, no physical ownership, dependent on financial markets.
Gold Mining Stocks
Overview: Investing in companies that mine gold can offer exposure to gold prices as well as the potential for growth if the companies perform well.
Pros: Potential for dividends, leveraged exposure to gold prices.
Cons: Company-specific risks, stock market volatility, management and operational risks.
Gold Futures and Options
Overview: These are contracts to buy or sell gold at a predetermined price in the future, allowing for speculative investments or hedging.
Pros: Potential for high returns, leverage.
Cons: High risk, requires significant market knowledge, potential for losses.
Digital Gold
Overview: Digital gold platforms allow investors to buy and sell gold electronically, backed by physical gold stored by the platform provider.
Pros: Convenience, fractional ownership, no need for physical storage.
Wealth Preservation: Gold has historically maintained its value over the long term.
Inflation Hedge: Gold typically appreciates when inflation is high.
Safe Haven: Provides stability during times of economic and political uncertainty.
Diversification: Helps reduce risk in an investment portfolio.
Liquidity: Easily bought and sold in markets worldwide.
Disadvantages
No Income Generation: Unlike stocks or bonds, gold does not generate income through dividends or interest.
Storage and Insurance Costs: Physical gold requires secure storage, which can be costly.
Market Volatility: While gold is considered stable, it can still experience significant price swings.
Capital Gains Tax: Profits from gold investments may be subject to capital gains tax, depending on your jurisdiction.
Counterparty Risk: Some forms of gold investment, such as ETFs or digital gold, involve trusting a third party.
Why Gold is Popular in 2024
In 2024, several factors have contributed to the sustained popularity of gold as an investment:
Photo credit: Pexel.com
Economic Uncertainty: Continued global economic challenges, including inflation and geopolitical tensions, have driven investors to seek safe-haven assets like gold.
Currency Volatility: Weakening currencies in some regions have led investors to gold as a stable store of value.
Technological Integration: The rise of digital gold platforms has made investing in gold more accessible to a broader audience.
Historical Performance: The long-term track record of gold in preserving wealth and hedging against inflation continues to attract both institutional and retail investors.
Gold remains a valuable component of any diversified investment strategy in 2024. Whether you’re looking for a hedge against inflation, a safe haven in uncertain times, or a way to diversify your portfolio, gold offers a range of benefits. However, it’s essential to consider the pros and cons and choose the right form of gold investment to suit your financial goals and risk tolerance. As with any investment, conducting thorough research and consulting with a financial advisor is recommended.
Sometimes, the fear of the unknown is more of a hindrance in achieving your end goal. Once you are past this fear and are well informed, it is just a matter of planning your path. Similar is the plight of students who want to study of online but face the fear of the unknown, such as : What is the best way to study online? Should you do an online programme? How to better manage time when learning online? And so on.
These are all questions that we at Robert Kennedy College (RKC) get regularly asked by students looking to join one of our online programmes. Undertaking to do an online master’s degree programme will be an additional commitment to your time and finances, and it is wise to get information beforehand.
Through this continuing series of blog posts, some of our past and current students have shared their experiences, thoughts and opinions and given their feedback on handling some of these choices and situations. Hopefully, this will help you to make an informed decision.
This time we have an alumnus from the University of Cumbria and Robert Kennedy College, MBA programme, June Hay.
An Introduction
Which Uni are you studying with?
University of Cumbria
Which programme did you choose and why?
Masters of Business Administration
The Study Plan
How did you plan to study each module, and what was the reality? For example, how many hours did/do you have to put in each day/or in a week?
Each Monday morning I would check the requirements for the modules I was registered into. I would then plan my week accordingly.
I put in about 20 hours a week for each module, plus some extra time when completing the assignments, mid-term or final. Each week I tried to respond on the discussion board by Wednesday and then would respond to others on the discussion in the latter part of the week.
Of course, sometimes life gets in the way, and I would have to put in more time one week, to make up for the time I missed due to other obligations.
What part of the day did/do you find most suitable to study? (e.g. early mornings, lunch break, evenings, weekends?)
I work best in the morning, so this is my preferred time when possible. To study in the evening I would often go to the local library for a quieter atmosphere that at home.
Photo credit: Canva.com
How much time did you devote to each assignment?
Probably more than I should have! It depended on the amount of research that was needed for each assignment. On an average about 20 – 30 hours for mid-terms and 40 – 60 hours for finals, with the exception of the residency with the final assignment after returning – I’m guessing I spent closer to 120 hours on that final.
Travelling and Communication
Photo credit: Unsplash.com
How did travelling impact your ability to study?
Difficult due to disparate bandwidth availability. Having said that, it was often an opportunity on the plane or between flights to study during quiet times.
How were you able to interact with peers and/or professors given the time differences?
The five hour time difference between Ontario Canada and Switzerland was a bit of a problem, especially trying to get assignments in on time. Just needed to be more conscious about that.
Photo credit: Canva.com
A typical day as a master’s student
What does a typical day as an Online Masters’ student look like for you?
Because I work best in the morning, I would get my coffee and start by checking the discussion boards and making note of what I needed to give a response.
I mapped out my reading for the week, and so would spend my allotted time doing the reading and listening to webcasts. By Wednesday each week, I would put my contribution to the discussion board.
Any advice?
Any advice you have for students to better plan their studies.
Make a schedule early on to get the mid-term and final assignments completed.
Create files on your computer to keep your modules, assignments, and research organised so that when you are completing your assignments you can easily find your materials. I noticed that many students did not participate in the discussion boards, and I think they missed a valuable part of the learning. And potentially we missed out on their experience and perspective that they may have shared with the rest of the class.
Photo credit: Canva.com
A to the point and practical advice by our alumni. I hope this blog has answered some of your questions, and provided that motivational boost to your academic plans. You can also chat LIVE on WhatsApp with one of our Education Advisors for more information on all the programmes we offer and the application process.
Embarking on the entrepreneurial journey is both exhilarating and daunting. It demands more than just a brilliant idea; it requires a set of specific skills that are essential for transforming that idea into a successful venture. Whether you’re a seasoned professional or a newbie contemplating your first startup, understanding and honing these skills can significantly impact your entrepreneurial success. Here are the top seven skills every entrepreneur should have:
1. Visionary Thinking
A successful entrepreneur doesn’t just see the world as it is; they envision what it could be. Visionary thinking involves the ability to anticipate future trends, recognize opportunities, and imagine innovative solutions. This skill helps you set long-term goals and navigate through the inevitable uncertainties of starting a business. Cultivating a strong sense of vision allows you to stay motivated and inspire others to join you on your journey.
How to Develop It: Regularly engage in strategic planning, study market trends, and immerse yourself in industry developments. Don’t be afraid to dream big and think outside the box.
The road to entrepreneurship is rarely smooth. Challenges, setbacks, and failures are part of the process. Resilience is the ability to bounce back from these difficulties, while adaptability refers to your capacity to adjust your strategies in response to changing circumstances. Together, these traits enable you to persevere through tough times and pivot when necessary.
How to Develop It: Build a strong support network, practice stress management techniques, and stay flexible in your approach. Embrace failure as a learning opportunity and remain open to change.
3. Financial Acumen
Understanding the financial aspects of your business is crucial. This includes budgeting, financial forecasting, managing cash flow, and interpreting financial statements. Financial acumen ensures that you make informed decisions, avoid common pitfalls, and maintain the financial health of your business.
How to Develop It: Educate yourself about financial principles, consider taking courses on accounting and finance, and seek advice from financial professionals. Hands-on experience with financial planning can also be invaluable.
An entrepreneur is often the leader of a team, and effective leadership is key to building a motivated, cohesive group. Strong leadership involves not only guiding and inspiring your team but also making strategic decisions and fostering a positive work environment. Team building skills are essential for recruiting talent, delegating tasks, and creating a collaborative culture.
How to Develop It: Work on communication skills, learn about different leadership styles, and invest time in team-building activities. Seek feedback from your team and be open to improving your leadership approach.
5. Marketing and Sales Skills
Marketing and sales are the lifelines of any business. You need to effectively promote your product or service, understand your target market, and develop strategies to reach and engage customers. This involves creating compelling messaging, utilizing digital marketing tools, and mastering sales techniques to convert leads into loyal customers.
How to Develop It: Stay updated on marketing trends, experiment with various marketing strategies, and analyze your results. Networking with industry experts and attending workshops can also enhance your marketing and sales skills.
Photo credit: Unsplash.com
6. Problem-Solving and Critical Thinking
Entrepreneurs are faced with numerous problems that require innovative solutions. Problem-solving skills involve identifying issues, analyzing options, and implementing effective solutions. Critical thinking allows you to evaluate situations objectively and make decisions based on logic and evidence.
How to Develop It: Practice analyzing case studies, engage in strategic games or simulations, and approach problems with a structured methodology. Encourage feedback and learn from your problem-solving experiences.
7. Networking and Relationship Building
Building and maintaining relationships with customers, partners, investors, and other stakeholders is vital for business growth. Networking skills help you connect with influential individuals, gain valuable insights, and create opportunities for collaboration. Strong relationships can open doors to new resources and support systems.
How to Develop It: Attend industry events, join professional organizations, and actively engage in online communities related to your field. Focus on building genuine, mutually beneficial relationships rather than simply collecting contacts.
Photo credit: Unsplash.com
Starting and running a successful venture requires a blend of various skills. While no one is born with all these skills, many can be developed through education, experience, and perseverance. Assess your strengths and areas for improvement, and seek resources or mentorship to bolster your capabilities. By cultivating these top seven entrepreneurship skills, you’ll be better equipped to navigate the entrepreneurial landscape and turn your vision into a thriving business.
Are you ready to assess your skills and take the leap? The entrepreneurial world awaits your unique contributions and innovative ideas.
Check out the various Master’s programme we offer including Entrepreneurship and Innovation to kickstart or rocket-fuel your career growth: list of online bachelor/master/PhD programmes.
You can also chat LIVE on WhatsApp with one of our Education Advisors for more information on the application process, and the discounts we might offer.
As a former Education advisor, if I had to pick one of the most frequently asked questions by prospective students, it would be “How many hours do I need to study?”
The vast majority (if not all) of our students are working and leading hectic professional lives. Some are motivated and have already decided to undertake a master’s, while others contemplate the unknowns of an online programme. In my experience, two things affect their decision the most.
First – finances, and second, being able to strike the perfect work, study, and life balance. While I cannot completely help you with the finances (partially yes – check out the discount offers currently being offered on our online MBA, MSc, and LL.M programmes), I thought what I could do to help was to bring some facts to light about the other unknowns – what does a typical day in the life of an online master’s student look like?
I asked a few of our students from different walks of life, occupations, and personal situations to answer a few questions on their study tactics and strategies, plans and reality, and so on. So, through our ‘#DILO ‘a typical day in the life of a master’s student’ blog series, we bring to you one of our actual students or alumni sharing the insights.
Today, we’re looking at Robert’s typical study days. Robert studied Master’s of Business Administration programme from University of Cumbria.
An Introduction
Which programme did you choose and why?
I chose an MBA programme in International Business in order to boost my wealth of knowledge for conducting business through a wider lens that could help me steer the company and any new initiatives to greater heights from an informed foundation.
The Study Plan
How did you plan to study each module, and what was the reality? How many hours did/do you have to put in each day/or in a week?
I usually read, research or write on an average 4-5 hours per night during the week and 6-8 hours on the weekend. I would begin my studies after returning from work, after dinner close to about 9 pm.
What part of the day did/do you find most suitable to study? (e.g. early mornings, lunch break, evenings, weekends?)
I found morning hours very apt especially if the assigned time implied adjusting your wake-up schedule and morning routine. Moreover, the weekends were more productive for me.
How much time did you devote for each assignment?
Depending on the assignments, I would spend minimum one day on an average for completing assignments.
Travelling and Communication
How were you able to interact with peers and/or professors given the time differences?
The forum is a great tool however, most professors are available through email which made communication very easy and effective.
A typical day as a master’s student
What does a typical day as an Online Masters’ student look like for you?
A typical dat would be like this: Wake early.. ready emails and forum posts, gather information for assignments if necessary. Once home from work begin reading, research or writing. Weekends are different as I have the whole day to manage my time. I generally aim to end my weekend studies by 4 pm
Any advice?
Any advice you have for students to better plan their studies.
Yes a few!
Ask many questions to ensure they have all information needed to help manage time.
Stay ahead of reading assignments.
Read all suggested and mandatory articles while monitoring external news sources to support learning objectives
Stay focused and positive— keep your end goals in kind at all times and know that the sacrifices will soon pay off
Alright friends, this was a sneak peek of a typical day in Robert’s life as a master’s student. I hope you find it insightful and informative and that it gives you an idea of what to expect when you enrol for our master’s programmes. Watch this space as we have many more interesting insights coming up!
In the digital age, OTT platforms, or over-the-top, have completely changed the way we consume content. These platforms use the internet to distribute video content instead of more conventional means like cable or satellite television. As smart gadgets and high-speed internet become more commonplace, OTT platforms have not only become immensely popular but also completely changed the way that digital video streaming is done.
OTT platforms have effectively modified their tactics to accommodate the varied inclinations and actions of distinct age groups, capitalizing on their adaptability and prioritization of digital content. OTT platforms are serving different age groups in the following ways:
Photo Credit: Unsplash.com
Millennials (Born 1981-1996)
Millennials are digital natives who value convenience, variety, and personalized experiences. OTT platforms have captured this demographic by:
On-Demand Content: Millennials appreciate the ability to watch content on their own schedule, rather than being tied to traditional TV schedules.
Original Content: Platforms like Netflix and Hulu invest heavily in producing original series and movies that resonate with millennial interests, including diverse genres and culturally relevant narratives.
Mobile Accessibility: Recognizing millennials’ reliance on smartphones, OTT platforms offer apps that provide seamless streaming experiences across devices, enabling viewing on the go.
Photo credit: Unsplash.com
Social Sharing: Integration with social media platforms allows millennials to easily share their favorite shows and movies, fostering a sense of community and engagement.
Generation Z (Born 1997-2012)
Generation Z grew up in a digital era, preferring bite-sized content, interactivity, and socially conscious media. OTT platforms appeal to Gen Z by:
Short-form Content: Platforms like TikTok and Quibi cater to Gen Z’s shorter attention spans with quick, engaging videos and series that can be consumed in short bursts.
User-Generated Content: OTT platforms encourage user-generated content and interactive features, allowing Gen Z to participate in content creation and influence trends.
Diverse Representation: Gen Z values diversity and inclusivity in media. OTT platforms curate content that reflects diverse cultures, identities, and perspectives, resonating with this generation’s values.
Educational Content: Platforms such as YouTube and Disney+ provide educational content that combines entertainment with learning, appealing to Gen Z’s desire for knowledge and skill development.
Photo credit: Unsplash.com
Baby Boomers and Generation X (Born 1946-1964 and 1965-1980, respectively)
Baby Boomers and Generation X appreciate quality content, nostalgia, and ease of use. OTT platforms cater to these demographics by:
Classic and Nostalgic Content: Offering a wide range of classic movies, TV shows, and documentaries that appeal to older generations’ nostalgic preferences.
User-Friendly Interfaces: Intuitive interfaces and easy navigation make it simple for older users to discover and enjoy content without technical barriers.
Accessibility Options: Providing options for subtitles, audio descriptions, and larger text sizes enhances accessibility for older viewers with varying needs.
Family Viewing: Platforms like Disney+ and Amazon Prime Video offer family-friendly content, appealing to older generations looking to share quality viewing experiences with their families.
The capacity of OTT platforms to serve a variety of generations highlights their flexibility and responsiveness to changing customer demands. Personalized recommendations, a wide variety of content libraries, and intuitive user interfaces are just a few of the features that OTT platforms utilize to draw and keep viewers of all ages. OTT platforms are positioned to stay crucial to the entertainment landscape as streaming technology develops and consumer behaviors change. They will bridge generational gaps and offer engaging content experiences catered to the specific interests and expectations of each cohort.
Here’s a detailed exploration of how OTT platforms are transforming the digital video streaming space and the top five factors contributing to their influence.
Photo credit: Unsplash.com
1. Accessibility and Convenience
OTT platforms offer unparalleled accessibility and convenience to users worldwide. Unlike traditional TV services that require scheduled programming, OTT platforms provide on-demand content. Users can watch movies, TV shows, documentaries, and even live events at their convenience, across multiple devices such as smartphones, tablets, smart TVs, and laptops. This flexibility has empowered consumers, enabling them to tailor their viewing experience according to their preferences and schedules.
2. Content Diversity and Original Productions
One of the key factors driving the success of OTT platforms is their diverse and often exclusive content libraries. These platforms not only license popular movies and TV series but also invest heavily in producing original content. Original productions, ranging from critically acclaimed series to blockbuster movies, have garnered significant attention and accolades. This strategy not only attracts subscribers but also differentiates OTT platforms in a crowded market.
3. Global Reach and Personalization
OTT platforms operate on a global scale, transcending geographical boundaries. This global reach allows content creators to distribute their work to a broader audience, facilitating cultural exchange and diversity in content consumption. Moreover, OTT platforms leverage advanced algorithms and user data to personalize recommendations. By analyzing viewing habits and preferences, these platforms curate content suggestions that align with individual tastes, thereby enhancing user satisfaction and engagement.
4. Technological Innovation and User Experience
Technological innovation plays a pivotal role in the success of OTT platforms. These platforms continually invest in enhancing streaming quality, optimizing bandwidth usage, and supporting high-definition (HD) and ultra-high-definition (UHD) content. Furthermore, advancements in streaming protocols and adaptive bitrate technologies ensure smooth playback across varying internet speeds and devices. Additionally, interactive features, such as offline viewing, multi-device synchronization, and integrated social sharing, further enrich the user experience.
5. Disruption of Traditional Media and Business Models
OTT platforms have disrupted traditional media and business models, challenging established norms and practices. By offering subscription-based and ad-supported models, OTT platforms provide flexibility to consumers and advertisers alike. This shift has compelled traditional broadcasters and content creators to adapt to changing consumer preferences and adopt digital-first strategies. Moreover, the direct-to-consumer approach adopted by OTT platforms has bypassed intermediaries, enabling creators to retain greater control over their content and monetization strategies.
Photo credit: Unsplash.com
In conclusion, OTT platforms have redefined the digital video streaming space through accessibility, diverse content offerings, global reach, technological innovation, and disruptive business models. These platforms continue to evolve, driven by consumer demand for personalized, high-quality entertainment experiences. As the streaming landscape evolves, OTT platforms are poised to shape the future of digital entertainment, catering to an increasingly connected and discerning audience.
Whether you’re binge-watching your favorite series or discovering new content, OTT platforms have undoubtedly transformed how we consume and interact with digital video streaming, making entertainment more accessible, engaging, and personalized than ever before.
You can also chat LIVE on WhatsApp with one of our Education Advisors for more information on the application process, and the discounts we might offer.
In today’s interconnected world, international business is not only influenced by market forces and economic conditions but also by the ever-changing landscape of global politics. Governments play a pivotal role in shaping policies that directly impact businesses operating across borders. The dynamics of political alliances, treaties, sanctions, and trade agreements can either facilitate smooth operations or introduce significant challenges for multinational corporations.
1. Political Stability and Economic Policy
Political stability is a cornerstone for economic growth and investment. Stable governments typically foster favorable business environments characterized by predictable regulatory frameworks, consistent policies, and reliable institutions. These factors attract foreign direct investment (FDI) and encourage businesses to expand operations within a country.
Conversely, political instability, coups, civil unrest, or regime changes can disrupt business operations significantly. MNCs often face heightened risks such as asset seizure, contract renegotiations, or even nationalization in politically unstable regions. The uncertainty generated by such events can deter investment and force businesses to reassess their strategies or withdraw from affected markets.
2. Trade Policies and Tariffs
Governments wield significant influence through trade policies and tariffs, which directly impact the cost competitiveness of goods and services in international markets. Trade agreements, such as free trade agreements (FTAs) or customs unions, aim to reduce tariffs and trade barriers, facilitating smoother trade flows and market access for businesses.
Photo credit: Canva.com
However, shifts in political alliances or the imposition of tariffs and trade restrictions can disrupt established supply chains and increase costs for MNCs. For instance, trade tensions between major economies like the United States and China have led to tariff escalations, affecting industries reliant on global supply chains and influencing investment decisions.
3. Geopolitical Risks and Security Concerns
Geopolitical factors, including international conflicts, terrorism, and regional tensions, pose significant risks for businesses operating across borders. These risks manifest in various forms, from physical threats to infrastructure and personnel, to regulatory changes aimed at enhancing national security.
For example, sanctions imposed by one country against another can limit trade and financial transactions, impacting businesses with operations or interests in the targeted region. MNCs must navigate these risks by conducting thorough risk assessments, implementing robust security measures, and diversifying their operations to mitigate potential disruptions.
4. Influence of Political Alliances and Regional Integration
Political alliances and regional integration efforts, such as the European Union (EU) or ASEAN (Association of Southeast Asian Nations), create integrated markets with standardized regulations and reduced trade barriers. These agreements offer businesses economies of scale, access to larger consumer markets, and streamlined regulatory processes.
Photo credit: Canva.com
However, the stability and coherence of such alliances can be fragile, subject to shifts in member countries’ political priorities or external pressures. The Brexit referendum and subsequent negotiations underscored the complexities and uncertainties surrounding regional integration, impacting businesses across Europe and beyond.
Strategies for Businesses
In response to the dynamic interplay of politics and international business, companies adopt several strategies to manage risks and capitalize on opportunities:
Political Risk Assessment: Regular assessment of political risks in target markets informs strategic decision-making and risk mitigation efforts.
Diversification: Diversifying markets, suppliers, and investment portfolios reduces dependency on any single market or region prone to political instability.
Government Relations: Engaging with government officials, policymakers, and industry associations enables businesses to advocate for favorable policies and influence regulatory outcomes.
Adaptability and Resilience: Building flexibility into supply chains, operations, and strategic planning allows businesses to respond swiftly to political developments and mitigate disruptions effectively.
Here are some examples to illustrate how changing governments and political alliances have impacted international business:
US-China Trade Relations: The trade war initiated by the Trump administration against China significantly affected global supply chains and business strategies. Tariffs were imposed on billions of dollars worth of goods, prompting companies to reconsider manufacturing locations and supply chain logistics to mitigate increased costs. The phase one trade deal signed under the Biden administration brought some relief but tensions continue to shape global trade dynamics.
Photo credit: Canva.com
Brexit and Its Impact on EU-UK Trade: The United Kingdom’s decision to leave the European Union (EU) through Brexit introduced complexities for businesses operating across the UK and EU. Industries heavily reliant on frictionless trade faced disruptions due to new customs checks and regulatory requirements. Companies had to navigate new trade rules, tariffs, and supply chain adjustments, impacting sectors from automotive to financial services.
Russia-Ukraine Conflict and Sanctions: Geopolitical tensions between Russia and Ukraine have led to sanctions imposed by Western countries, targeting Russian individuals, businesses, and sectors such as finance, defense, and energy. These sanctions restrict trade and investment activities, affecting multinational corporations with operations or interests in Russia and Ukraine, and prompting them to reassess their risk exposure and operational strategies.
Impact of COVID-19 Pandemic: The global pandemic underscored the vulnerability of supply chains to disruptions. Governments implemented various measures, from travel restrictions to export controls on medical supplies, affecting international trade and business operations. Companies had to quickly adapt by diversifying suppliers, revising logistics strategies, and navigating fluctuating demand patterns amidst evolving government responses.
Trade Agreements and Regional Integration: The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Regional Comprehensive Economic Partnership (RCEP) are examples of recent trade agreements that aim to enhance economic cooperation among member countries. These agreements create opportunities for businesses to access new markets with reduced trade barriers, fostering economic integration in the Asia-Pacific region.
Navigating the intersection of politics and international business requires agility, foresight, and a deep understanding of global dynamics. Businesses that proactively manage political risks, leverage opportunities presented by regional integration, and maintain robust government relations are better positioned to thrive in an increasingly complex global economy. By staying informed, adaptable, and strategically proactive, MNCs can navigate the challenges posed by changing governments, political alliances, and geopolitical uncertainties while capitalizing on new opportunities for growth and expansion.
