London Business School Economist Says Deficit-Handling is Not a Good Story
The latest GDP figures show that in 2014, the economy grew at its fastest pace since 2007. It ran out of steam, however, in the final quarter; according to a London Business School economist, we have ended up with a deficit which Labour had predicted and that the then Opposition had called ‘a recipe for financial market disaster’.
Richard Portes, Professor of Economics at London Business School and President of the Centre for Economic Policy Research (CEPR), told the Today programme earlier today: “The operation has been successful, but the patient almost died. The percentage of people unemployed is still well below the pre-crisis rate and real wages are 6% below their pre-crisis peak.”
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London Business School Awards £30,000 Scholarships to Leading Female Execs
Two female business executives, Andreea Moldova, General Manager (Czech Republic and Slovakia) at Avon Cosmetics, and Yasmin Becker, Assistant Director at the Nursing and Midwifery Council, have been awarded £30,000 scholarships for London Business School’s Senior Executive Programme. This was the conclusion of an initiative, launched in August with the 30% Club, aimed at encouraging women in leadership positions with C-Suite potential. Current research indicates a much higher proportion of men participate in business school-led programmes; the 30% Club aims to address this imbalance.
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London Business School Launches Dubai Entrepreneur Mentor Scheme
Aspiring entrepreneurs at London Business School can now benefit from a new mentoring scheme launched in Dubai. This new programme follows a successful 18-month run with the School’s MBA students in London.
Launched at an event in the Dubai International Financial Centre (DIFC) by Kamalini Ramdas, Professor of Management Science and Operations and Deloitte Chair in Innovation and Entrepreneurship, the ‘Entrepreneurship Mentor in Residence’ scheme gives entrepreneurial students and alumni access to year-round mentorship from four successful business personalities in the region.
Three former alumni – Genny Ghanimeh, Mohamed Nassar and Tommy Wakefield Smith – join Aman Merchant to sit the School’s first Dubai-based mentoring panel. Students, who currently have remote access to London-based mentors, will now have direct access to mentors up to twice a month for one-on-one consultations.
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London Business School Study Highlights Strength of British Business
Business leaders overwhelmingly believe that Britain has been great for business in the last 50 years.
In a poll of more than 300 senior executives conducted by London Business School, 89% said that Britain has been great for business. More than half (57%) think Britain has become more innovative over the last five decades.
In the last 50 years Britain has seen boom and bust. And, despite 51% of business leaders believing uncontrolled risk-taking was the main cause of the financial crisis, we can still stomach risk. When asked about their personal attitude to risk, an overwhelming majority of business leaders (83%) still agree that measured risk-taking is an important part of business.
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London Business School Entrepreneurs Receive Start-up Support
Entrepreneurs from London Business School have been given a boost to launch new business ventures.
The School’s Deloitte Institute of Innovation and Entrepreneurship has chosen 11 start-ups to join its Incubator programme. For a whole year, the School’s Incubator will house the graduate entrepreneurs who are launching their own businesses.
This year’s winning start-ups – announced at the Institute’s Founder Awards dinner last week – each receive a one-year support package including:
• A cash injection
• Office space
• Professional support from Deloitte, Landor Associates and London Business School alumni
• Access to training and workshops
• An invitation to the E100 members-only Annual Dinner event where entrepreneurs can network with angel investors, get advice on crafting pitches and showcase their business to E100 members
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London Business School Held Third China Business Forum
London Business School’s Chinese student community is growing every year and for this, the third China Business Forum they lined up a panel that included authorities on finance, trade and government.
The School’s Dean, Professor Sir Andrew Likierman, said greater ties were needed: “We need only to see the effect on stock markets round the world when the estimate of China’s growth rate is changed (as it has been recently) to see just how central China is to the world economy.”
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