AD:VENTURE – Do Management Consultants Steal Your Watch and Then Tell You the Time? Or do they help you and your business

Adventure

Management Consultants frequently appear on “most despised professions” lists, alongside Estate Agents, Journalists and the Tax man. Stories of highly paid, self-important individuals spouting endless management jargon whilst ruining businesses abound. And yet, despite the negativity, the Management Consultancy business continues to grow and becomes ever more important, shaping all aspects of the companies, institutions and governments that we rely on in our daily lives. Whether you are a junior employee, a senior manager, a business leader or an entrepreneur, your work and career will at some stage be changed by these outsiders who it appears know more about your work than you do.

Love them or loathe them, to understand the modern business environment we all need to understand the role that management consultants play and the benefits and dangers of working with consultants.

To mark the launch of the recent publication, edited by Olga Matthias, Graham Manville and Julian Campbell, we are organizing this event, which will give you the opportunity to hear more about consultants and what they do; Graham Manville and one of the contributing authors, Ian Fouweather, will be talking about “Management Consultancy Insights and Real Consultancy Projects” and the insights provided into the world of consulting. With many years of experience from within the industry and as academic researchers, they are well positioned to talk about the good, the bad and the ugly of management consulting. So whether you dream about becoming a management consultant, are thinking about hiring some, or have had your job changed by them; the launch will provide an invaluable and thought provoking opportunity to understand how the industry works and why it has become so important in the 21st century

 

23rd October 2017

5.30-6.00pm: Registration.

6.00-7.30pm: Evening speakers.

7.30-8.15pm: Coffee and Cake – Networking in the Atrium.

 

BOOK YOUR PLACE HERE

Bitter rivalry: conflict brews as craft beer makers take on big firm

Acivil war is brewing in the normally convivial craft beer fraternity, as anxiety grows about the threat posed by multinational companies’ insatiable thirst for every last drop of the market.

Heineken and Molson Coors are both “associate members” of the Society of Independent Brewers (Siba), a situation that rankles with some of its members.

In a recent ballot on the issue, they voted 101 to 60 to end the situation, but the motion did not carry because change requires a majority of all 861 members to vote in favour, and most did not turn up to do so.

Even if the big boys of brewing are shown the door, however, misgivings will persist. Heineken and Molson along with Budweiser’s owner, AB InBev (ABI), and Carlsberg have teamed up with Siba to provide funding for the “There’s a Beer for That” campaign, an industry-wide promotional initiative.

“They should be nowhere near anything that we do as they are the complete antithesis of everything we stand for,” said Tom McNeill of Heavy Industry Brewing in Denbighshire, north Wales.

Craft beer aficionados have good reason to mistrust major brewers beyond a distaste for bland beer. Heineken is persona non grata among some pub owners after its deal to buy thousands of pubs via a takeover of Punch Taverns, a deal many fear will lead to less choice at the bar.

The Dutch company was also fined for market abuse in Greece, where it was found guilty of trying to exclude smaller competitors from the market.

Carlsberg recently muscled in on the UK craft beer scene with a deal for London Fields Brewery, and Molson has also shown an appetite for smaller rivals in the US. It’s a trend that makes indie brewers break out in a cold, barley-scented sweat.

Nor is Siba alone in hosting unlikely bedfellows. The Campaign for Real Ale (Camra), the collective that thumps the tub for cask ale, accepted sponsorship for its Great British Beer Festival from the delivery company Beer Hawk.

The conflict was not apparent until it became clear that Beer Hawk is owned by ABI, a company that invites perhaps more suspicion than any other among beer lovers.BI agreed a $100bn (£76bn) deal to take over its only real rival SABMiller last year but has not rested on its laurels. The company’s thirst to dominate the global beer market is nothing short of relentless, evidenced by its determination to swallow up much of what moves in the beer world.

In the UK, it is most famous for taking over Camden Town Brewery, a deal some brewers fear will ultimately diminish the brand’s quality and innovation. Camden was just the latest domino to fall in a chain of craft breweries ABI has snapped up for its High End portfolio, but its horizons stretch far further.

RateBeer is a smartphone app that lets pub-goers rate brews as they drink them, sharing reviews and bookmarking tipples they might forget in the fug of the morning after. ABI bought a minority stake earlier this year and, while there is nothing to suggest it will be able to tamper with ratings, many users are unhappy.

Their concerns are particularly acute given that ABI accounts for half of the 20 worst-rated beers on RateBeer.

It has also tightened its grip on the international supply of key ingredients. Buying SABMiller saw ABI annex vast swaths of South African hop fields that produce sought-after varieties. These will be now be diverted exclusively to “craft” brands within the ABI estate, affecting rivals’ ability to make interesting new brews.

ABI has also opened a bar in Balham under its Goose Island brand, with more UK outlets expected to follow. That puts it in direct competition not only with pubs, but also with up-and-coming British breweries which rely on income from their tap-house bars to keep going.

Concerns about ABI’s grip on larger scale distribution in the US even attracted the attention of the Department of Justice, which forced the company to stop practices limiting the ability of smaller rivals to distribute their wares.

Practices like these make it easy to understand why craft brewers might see their larger rivals as an existential threat. Some now feel that those who are supposed to represent their interests are increasingly complicit in the big brewers’ efforts to choke off or co-opt the so-called craft beer revolution.

Siba and Camra might well look at the history of revolutions and remember that it doesn’t always end well for their leaders.

  • https://www.theguardian.com/business/2017/oct/09/bitter-rivalry-conflict-brews-as-craft-beer-makers-take-on-big-firms

Nobel prize in economics awarded to Richard Thaler

University of Chicago academic described as a pioneer of behavioural economics whose work had made a ‘profound impact’

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The 2017 Nobel prize in economics has been awarded to the US academic Richard Thaler of the University of Chicago for his contribution to behavioural economics.

The prize, worth 9m Swedish kroner (£845,000), is not among the Nobel Foundation’s official awards for literaturepeacemedicinephysics and chemistry, but was established separately by Sweden’s central bank, Sveriges Riksbank, in memory of the Swedish chemist Alfred Nobel.

The Royal Swedish Academy of Sciences described Thaler as a pioneer of behavioural economics, which had progressed in recent years from a fringe and somewhat controversial field of research into a mainstream component of the economics profession.

He is a leading proponent of “nudge theory”, a concept of behavioural science that suggests small interventions in the environment, or incentives, can encourage people to make different decisions. Thaler co-authored a book, Nudge: Improving Decisions about Health, Wealth, and Happiness, with the US professor Cass Sunstein, which brought the subject to a wider audience in 2008.

The prize-givers said his research was often cited in marketing literature, while his insights helped people recognise marketing tricks and avoid bad economic decisions. They said his work had made a “profound impact on many areas of economic research and policy”.

Festival Of Business Conference

Adventure

Business events offer a whole host of benefits to savvy SME business owners, these benefits can range from developing new skills, increasing efficiency, improving strategy, keeping up to date with the latest industry news and creating new connections for business.

Festival Of Business Conference

Everything you need to know to run a successful business.

Held on Wednesday 11th OctoberThe Festival of Business is a day dedicated to everything you need to know about running a business.

HR support, Financial advice, GDPR, etc. Made up of 36 seminars, and a small exhibition, The Festival of Business has the capacity to seat 2000 individuals.

AD:VENTURE and it’s partners will be exhibiting and on the Growth Zone all day – If you are Starting Up, Scaling Up – You need to come and see us!!

 

Visit here to book your place