It really is a numbers business - Business Strategy Review

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Small data that have a big impact on businesses. This was first published in Business Strategy Review, Volume 25, Issue 4 - 2014. Subscribe today to receive your quarterly copy delivered to your home or work place. http://bit.ly/BSR-subscribe

Text of It really is a numbers business - Business Strategy Review

  • Small dataIt really is a numbers business

    Copyright 2014 London Business School

  • BUSINESS STRATEGY REVIEW 2

    The OECDs rst skills survey of 24 countries, in2013, tested 166,000 adults to assess the skills of724 million people. Japan topped the all-adultsnumeracy and literacy skills tables. Although, for 16-24 year-olds, Japan had the second highestproportion of young people with no computerexperience. The UK was the only country where the55 to 65 age group outperformed the 16-24 group inboth literacy and numeracy.

    Source: oecd.org

  • BUSINESS STRATEGY REVIEW 3

    The value of 1,400 art-works discovered in the at ofCornelius Gurlitt in Munich, and revealed to theworld in November 2013, was estimated at 846m.Thats a sizeable splash in a global art market worthsome 36bn. The cache of 121 framed and 1,285unframed works includes paintings by PabloPicasso, Henri de Toulouse-Lautrec, Marc Chagalland Henri Matisse.

    Sources: bbc.co.uk; European Fine Art Foundation

  • BUSINESS STRATEGY REVIEW 4

    Late in 2013 India joined an elite group of nationsthat have sent spacecraft to Mars. Barring problems,the Mars Orbiter Mission should take 300 days totravel along its 680 million km trajectory to the redplanet. Cautious optimism is required. Of some 40Mars missions since 1960, over half failed. The cost?A comparatively inexpensive 45m.

    Sources: bbc.co.uk; thehindu.com

  • BUSINESS STRATEGY REVIEW 5

    The World Bank launched its rst bond aimed athelping businesses owned or run by women inemerging economies. The ve-year, triple-A ratedbond was issued by the International FinanceCorporation and raised $165m. A third of allemerging market SMEs are owned by women.

    Source: reuters.com

  • BUSINESS STRATEGY REVIEW 6

    PwC asked 500 top business leaders withoperations in at least one of the Asia-PacicEconomic Cooperations 21 economies what themain skills shortages were in the Asia-Pacic region.Managerial (57 per cent) and executive (52 per cent)were top of the list. While the most critical shortage(49 per cent) was in technical skills, such as IT andengineering.

    Source: PwC

  • BUSINESS STRATEGY REVIEW 7

    Just as London Business School starts its newLuxury Management MBA elective, the luxury goodsmarket is thriving, with a 2013 sales total of $318bnworldwide. Thats three per cent up on 2012. Most ofthe growth comes from emerging markets such asChina, India, Indonesia and Malaysia.

    Source: Euromonitor

  • BUSINESS STRATEGY REVIEW 8

    Work harder, get poorer. A growing economy nolonger guarantees greater individual prosperity,apparently. The share of national income capturedby the workforce is steadily declining in OECDnations, down to 62 per cent from 66 per cent in theearly 1990s. Increased productivity doesnt meanincreased wages. It does mean the providers ofcapital are prospering, however.

    Source: economist.com

  • BUSINESS STRATEGY REVIEW 9

    A UN Environment Programme report on wastemanagement estimates that 1.3 billion tonnes ofsolid waste is collected worldwide. Thats a lot ofrubbish, or alternatively a big business opportunity.The global waste market is estimated at $410bn ayear, with over 500,000 people employed inrecycling in the EU alone.

    Source: recyclingportal.eu

  • BUSINESS STRATEGY REVIEW 10

    While cyber security and resilience are high up theorganisational agenda, following the EdwardSnowden NSA leaks, German ofcials can rest easy.According to Hans-Christoph Quelle, CEO ofSecusmart, which supplied German governmentsecure smartphones, complete with encryptionchips, Theoretically, it would take 149 billion yearsto crack this code based on todays technicalstandards the universe itself isnt even that old.

    Source: eweek.com

  • BUSINESS STRATEGY REVIEW 11

    A census of billionaires revealed a global billionairepopulation of 2,170 individuals in 2013. Europe hasthe most billionaires, the US the wealthiestbillionaires. Sixty per cent of billionaires are self-made. Based on the numbers, an average billionaireis 63, has $3bn net worth, four homes, is wortharound $20m and has luxury assets and personalholdings of $136m, including a $14m art collection.

    Sources: billionairecensus.com; wealthx.com

  • BUSINESS STRATEGY REVIEW 12

    OPEC has revised upwards predictions of total worldoil demand by 2035 to 108.5 million barrels a day.The revision is partly due to an accelerating increasein car ownership in China, rising by 380 millionvehicles to 2035. A rise in OPECs output to 37.5million barrels a day over the same period requires$7.5trn worth of infrastructure investment, meaningpetrol prices are unlikely to fall in the short term.

    Source: opec.org

  • BUSINESS STRATEGY REVIEW 13

    This was first published in Business Strategy ReviewVolume 25 Issue 1 2014

    Visit our website www.london.edu/bsr