Small dataIt really is a numbers business
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BUSINESS STRATEGY REVIEW 2
In his speech to the Institute of Directors AnnualConvention 2013, Virgin Group founder Sir RichardBranson conrmed that 700 tickets have been soldfor Virgin Galactics commercial passenger ightsinto space. Next stop space hotels?
BUSINESS STRATEGY REVIEW 3
UK employees are less productive than the majorityof their G7 counterparts. In 2012, output peremployee in the UK was 19 per cent below the G7average, while output per hour worked was 16 percent less than the G7 average, the widest gap since1994. Only Japan fared worse. From 2007 to 2012GDP per hour fell by two percentage points in theUK, but was up three percentage points on averagein the rest of the G7.
BUSINESS STRATEGY REVIEW 4
The latest incarnation of Take-Two Interactives videogame phenomenon, Grand Theft Auto V, saw globalrst-day sales top $800m (496m) recouping thereported $270m (170m) development costs within24 hours. Its the fastest selling, highest grossinglaunch for any video game.
BUSINESS STRATEGY REVIEW 5
Happier people earn more. Research by economistProfessor Satya Paul, University of Western Sydney,looked at the effect of happiness on incomeinequality, after controlling for various factors.Australian respondents rated their happiness fromone to ten. The happiest earned about Aus$1,766.70(1,022) a year more than the most miserable.
BUSINESS STRATEGY REVIEW 6
At 9pm, 12 September 2013, Twitter quietly tweetedon its ofcial page that it had condentiallysubmitted an S-1 to the SEC for a planned IPO.Opinions on valuation vary, but with ad revenues for2013 estimated by eMarketer at $545m, and totaltweets per day running at about 500 million,guesstimates predict the business will be valued at$15bn upwards.
BUSINESS STRATEGY REVIEW 7
With annual new credit in China at 21 trillion yuan(2.15trn) in August 2013, it is the fth year in a rowthat net new credit has exceeded more than onethird of Chinas GDP. Credit of all types is up from$9trn (5.5trn) to $23trn (14trn) in ve years, withthe total now 200 per cent of GDP.
BUSINESS STRATEGY REVIEW 8
UN migrant gures highlight the increasingglobalisation of labour. In 1990 there were 150million international migrants in the world. Todaythere are 230 million. Although 171 millioninternational migrants are of working age, there isstill a signicant number (26 million) aged 65 andover.
BUSINESS STRATEGY REVIEW 9
The size of the largest ever single donation toLondon Business School is 25m. The gift,announced in the autumn, was made by the Idanand Batia Ofer Family Foundation towards fundingthe redevelopment of the iconic Old MaryleboneTown Hall, now renamed The Sammy Ofer Centre.
BUSINESS STRATEGY REVIEW 10
The world record transfer fee for a football player is100m (84m). Gareth Bale left Tottenham Hotspurand signed a six-year contract at Spanish footballclub Real Madrid during the 2013 summer transferwindow. Total spending by premiership clubs in theUK that summer was a record 630m.
Sources: theguardian.com; bbc.co.uk/sport
BUSINESS STRATEGY REVIEW 11
In 2000, China produced 604,677 passenger cars.By 2005 it was producing 3,078,153 cars, with totalnew car sales of 3,971,101. In 2012 total passengercar production in China was 15,523,658, the most ofany country. Sales were 15,495,240. In comparisonthe US produced 4,105,853 cars in 2012, down from4,321,272 in 2005.
BUSINESS STRATEGY REVIEW 12
The estimated cost of global fraud is 2.91trn. Sincethe beginning of the recession the global averagecost of fraud has increased by almost 20 per cent, toreach 5.47 per cent of GDP. A 40 per cent cut in theUKs losses to fraud would be roughly equivalent tothe UK Governments military defence budget.
Sources: bdo.uk.com; ukpublicspending.co.uk
BUSINESS STRATEGY REVIEW 13
The Institute of the European Investment Bankhas created two new economics awards torecognise and stimulate excellence ineconomic and social research, and itsimplementation and diffusion. The rst YoungEconomist Prize was awarded to ProfessorElias Papaioannou from London BusinessSchool, while Professor Klaus Zimmermann,University of Bonn, won the OutstandingContribution Award.
BUSINESS STRATEGY REVIEW 14
Apples next generation mobile operating systemwas released in September 2013. As of June2013, Apple had sold 600 million iOS devices.The previous OS, iOS6, ran on 93 per cent ofactive i-devices.
Sources: macstories.net; techpinions.com
BUSINESS STRATEGY REVIEW 15
This was first published in Business Strategy ReviewVolume 24 Issue 4 2013
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