New project: Adoption of Sustainable Accounting Practices for Reporting

A new project to help small and medium business report on their sustainability has just started.  The overall aim of the project is to provide the necessary training and tools for SMEs to adopt sustainable accounting and reporting practices in a cost-effective way.

The project is led by Dr Souad Moufty of the Business School and is funded under the EU ERASMUS Plus Strategic Partnership Programme. Dr Aisha Abuelmaati and Prof Jon Fairburn will also be working on the project.

The project will first carry out a needs analysis in the six partner countries to establish a knowledge gap framework. This consultation will launch early in 2018.

The partnership will then produce a training course, and online training tool and a trainers guide. These will be supported both by the ECVET skills framework and by an achievements recognition framework.

Project Lead

Dr Souad Moufty e: souad.moufty@staffs.ac.uk

Tel + 44 1782 294257

Partners

Staffordshire University, Business School –

Business School PAR, Croatia 

CIVIC Computing, Scotland

Eurocrea Merchant , Italy 

FGUGREM, Spain  

Ruse Chamber of Commerce and Industry, Bulgaria

AKNOW, Greece

Adoption of Sustainable Accounting Practices for Reporting -Report Asap

Funded under #ERASMUS PLUS and will run until Sept 2019.

The Economic and Social Impact of Stoke City FC

The English Premier League is a global brand. Stories abound of travellers from Stoke-on-Trent travelling to far flung corners of the earth, getting into a cab, pub, or conversation and being asked; “Where are you from?” the traveller responds; “I am from Stoke” only to be told; “I know Stoke FC!”, a list of players is usually reeled out including Peter Crouch and co, and from then onward, the conversation takes on a new dimension of familiarity and friendliness.

Peter Crouch Goal Celebration

 

English Premiership Clubs have fans in all corners of the world. Jerseys are sold in Africa, Asia, the Americas, Europe and Australia. Matches are watched on all sorts of devices and football players are household names with kids dreaming of growing up to be like their heroes or even just meeting them someday.

 

Beyond the pitch however, there is another dimension that is closer to home. Football clubs are generating huge revenues and investing these in a variety of ways with a huge impact to their local economies. For example, Stoke FC’s revenue was £11 million in the 2007/2008 football season and then Championship promotion boosted the Club’s revenue even more from commercial, match day and broadcast streams. In the 2015/2016 Stoke FC’s total revenues rose to £119 million, making them the 9th in the Premier League. The growth in the Club’s income since joining the Premier League has enabled it to significantly increase its investment in the region and grow the profile of the Club and the city at home and abroad.  Some key regional and social impact statistics for Stoke FC for the 2015/2016 season are shown in Table 1.

 

Table 1: Key Regional Economic and Social Impact of Stoke City FC Statistics (2015/2016 Season)
2,391 international visits
119,000+ domestic tourists
£7 million visitor spending
301 direct Club employees (FTEs)
£1.3 million spent on local community initiatives
£29 million spent on Club supply chains (some local)

 

In addition to the impact highlighted in Table 1, the Club has also expanded its stadium to boost match day attendance and attract more visitors to the region, invested in players from the UK and abroad to extend the reach of its fan base to other areas of the globe, invested around £4million into its academy providing local young people with opportunities to develop their football careers at the Club, and invested in the Community Trust to work with the wider community to target individuals who want to get back into education, employment or generally improve their health or mental well-being.

 

Not only does success on the pitch attract visitors to the region who spend on travel, accommodation and food and drink, there is the indirect effect from the supply chain and the induced impact from increased employee spending. Analysis from Ernst & Young LLP shows that Stoke City FC generated a total Gross Value Added contribution of 132 million to the region during the 2015/2016 season. £108 million was directly contributed via the club and its tourism, a further £13 million was generated via indirect effects in local supply chains and £10 million was generated via induced effects. This activity also attracts businesses to locate their operations within the area.

Staffordshire University students and staff with Tony Scholes (CEO of Stoke FC)

 

Granted that a lot of the players might not live in the region, the activities of Stoke City FC resulted in an estimated £66million total liability to the Exchequer in 2015/2016. The presence of Stoke City FC also supported many FTE jobs in the regional economy during that period. 301 people were directly employed by the club, 853 people were employed by relevant supply chains, 401 people were employed via tourism to watch Stoke FC, and a further 682 were employed because of induced effects.

 

Beyond these, the Club supports a variety of initiatives to improve the lives of individuals and communities, working with a number of stakeholders including schools, local government and wider supporting organisations (e.g. the premier league). Community activities are delivered by Stoke City FC’s Community Trust (SCCT) which was founded in 1989 and became a registered charity in 2004. Ernst & Young LLP estimate that around 10,900 people have participated in community and charitable programmes in 2015/2016. 119,600 day trips were organised and 304 people have gained at least one qualification as a result of the Clubs initiatives. During the period under review, 10,246 hours of volunteering community work was done with the result of £8.7 million savings for the local community on physical wellbeing and £2.9 million savings on mental well being from increased physical activity.

 

With these key statistics, it is not hard to cheer for our local team. The sporting and commercial success of the Club in recent years, which includes breaking their transfer record twice in the 2015/2016 season, has allowed Stoke FC to further embed itself as a key member of our local economy. We at Staffordshire University will continue to cheer for the club. You should do the same too 😊😊😊!!!

 

What Goliath can learn from David

In Business Schools all over the country and beyond we tend to focus on large and often multinational corporations, and the overarching focus on providing shareholders with the greatest possible return on investment has been identified as one potential contributor to the 2008 financial crisis (see for example https://www.forbes.com/sites/shawnoconnor/2013/05/15/the-responsibility-of-business-schools-in-training-ethical-leaders-2/#3102f64960bd). 

My current research leads to conversations with barbers, microbrewers, tattoo artists, baristas, tailors, street artists and denim heads who are participating in the resurgence of traditional trades rather than CEOs of multinational corporations. These entrepreneurs all have two things in common and that is the importance of having a trade and a purpose that goes beyond only making a living. They all refer to their colleagues as an integral part to their success, and they don’t define themselves as managers or leaders, but as master brewers or floor sweepers. They have an identity, authenticity and presence that go way beyond any suit and tie.

Talking with these individuals I am becoming more and more convinced that Goliath has much to learn from David. Whilst David believes in success with and through his people, Goliath too often believes in success despite of his people. Whilst David is acknowledging individual contributions, Goliath is often referring to staff as replaceable overheads. Whilst David is focusing on providing the best possible service or product, Goliath is more concerned about often meaningless and short term KPIs. Whilst David’s eye is on securing sustainable organisational success, Goliath’s is on personal short term success, sometimes at the cost of his very own existence.

Yes, David also needs to be successful and make a living, but he has a whole different approach to doing so which I believe Goliath can learn from.

Professor Rune Todnem By
@Prof_RuneTBy

Enterprise training for 50 somethings and over

Are you aged 50 or over and are you thinking about setting up your own business? Or maybe you just fancy exploring a few ideas and getting some training?

Do you have a hobby or interest in an area you could turn into a business? Do you want a better work-life balance? Are you unemployed, facing redundancy or looking for a change? If the answer to any of these questions is yes then sign up now to this exciting new training course with the Business School at Staffordshire University.

We are offering you the opportunity to participate in a free face to face and online learning course that has been developed through identifying the needs of older workers. Through coaching, mentoring and training provided you will potentially be able to develop the entrepreneurial and enterprising knowledge and skills necessary to set up your own business.

Older woman facing camera behind flowers

We will look at areas such as how to obtain finance for your business and assess its viability. We even look at how to come up with a business idea in the first place, and once you know what you want to do we then guide you through the process of how to set it up. We help you to identify who your customers will be and how to promote your product to them. For those of you who feel you lack confidence we look at how to overcome some of the obstacles and barriers to ensure success.

The first of these courses will commence on 31st January 2018 and will include approximately 40 hours of face to face and online learning over a period of 1-3 months. The training is flexible so that you can choose to study the areas that best suit your needs. Following the training you will be signposted to a range of mentoring and support in the development of your business.

To register your interest in the course, please complete the application form using one of the links below. If you have completed the downloadable application form, please return it to Tom Ward at t.ward@staffs.ac.uk or the postal address detailed on the form. Should you require further information or a hard copy of the form, you can e-mail Tom or contact him on 01782 294902.

Online application form

Downloadable application form

Twitter: @silver_workers

Silver Workers "Use your expertise" logo

Funded by the Erasmus+ Programme of the European Union and EU flag logo

The Importance of Employability Skills – Get Ready for Employability Challenge!

Without a doubt, one of the main challenges for students today is that different employers look for different sets of employability skills. However, it can be difficult for students to think about their employability skills whilst at university given busy schedules and pressure to meet assignment deadlines.

At Staffordshire University we take employability promise seriously. We want all of our students to graduate with the right employability skills and experience to enable them to follow their chosen career path. We promise our students to equip them with relevant employment skills and we deliver on our promise. We are proud about the fact that 97% of our graduates are in employment after graduating. When it comes to employability of our graduates, we are proud to be No. 1* in England for graduate employability. To achieve this, we work in partnership with many industry-leading organisations to help them tap into our home-grown graduate talent as well as helping students develop their employability skills through various initiatives and practices such as mentoring and work-shadowing. Global Entrepreneurial Week (GEW) event held at Staffordshire University every year plays the key role in equipping graduates with relevant work-related skills.

At Staffordshire University, we are committed to helping students maximise their employability and ultimately finding their dream graduate job, by offering a range of career-related events. In particular, GEW is an annual event at Staffordshire University that brings together a range of industry leading employers on campus during which students can meet and network with employers to find out about employment opportunities. Organised specifically for students, GEW and FutureFest event is designed to inform students about the future world-of-work. The Staffordshire University is committed to helping students maximise their employability, therefore the program is centred on topics that can help students succeed in every step of their career development process.

However, whilst we are committed to bringing leading business experts to share their expertise with students, there is also an expectation from students to actively participate in this event in order to get the most out of this unique opportunity for their career development. How to make the most out of this event? Network, network, network. Forward thinking students always have their CVs on hand to give out to potential employers. If you have never written a CV, you could get a professional help from the Career Office, who would assist you in writing a professionally looking CV, highlighting your transferable skills, and any work experience you have to date.

GEW and FutureFest event will provide students with an excellent opportunity to meet employers, discuss job opportunities, better understand career opportunities across various industries, get industry insights from recruiters, network with Industry leaders or simply get inspired. So, if you’re looking for your dream job or just looking to further enhance your employability skills, come along to GEW and FutureFest event held at Staffordshire University on November 13. We look forward to active participation of students in GEW and FutureFest 2017!

Dr Katerina Thomas, Senior Lecturer at Staffordshire Business School

www.staffs.ac.uk

 

*Joint with Bishop Grosseteste University, excluding specialist institutions. Source: DLHE 2017

What Next After Graduation?

Now you have completed an important journey of your life! It is truly a milestone and whether you have done it for yourself or for parents’/partner’s sake, the dedication, commitments and challenges have been great and will live with you for a very long time to come. From now on, anything that you wish to set as a target or challenge is within your reach! Some of you will be looking for jobs and others will make a decision whether to set another educational goal. A master’s degree perhaps, a PGCE or professional qualifications? Any and all are within your sight and sky is the limit for you! Whatever you would like to do, you are now the expert to confirm to yourself, yes, I can and I will do it…

Just to let you know that Staffordshire Business School offers a wide range of Masters degrees, just to mention few: MSc Accounting and Finance, MSc Digital Marketing Management, MSc International Business Management, MA Human Resource Management and MA Strategic Human Resource Management. Most of which attract a student finance loan of £10,280 to pay for the fees and your living costs. Because the University wanted to make it easy for those who wish to further their study, it set the Masters fees so low! Therefore, the £10,280 student finance loan is more than enough to pay the fees and goes a long way to cover significant part of your living expenses. For example, the fees for the MSc Accounting and Finance is £6,200 (for Home and EU students). The recipients of £10,280 from student finance will be left with £4,080 after paying the fees which they can use towards their living expenses!

Remember, if you are still finding it difficult to make this strategic decision about your future, your ‘former’ personal tutor, course leader and all other staff who taught you are only too pleased to discuss this with you. Of course the Postgraduate course tutors are there too to provide further details about their particular course.

Being the Connected University, the message is simple, do not hesitate to get in touch!

Arshad Hussain, Senior Lecturer at Staffordshire Business School.

www.staffs.ac.uk

Sustainable Supply Chain

Operating ethically and operating profitably are no longer mutually exclusive concepts. Leading companies are “walking the walk,” balancing the goal of achieving profitability with gaining social and environmental advantages.

Companies stuck in a mind-set of “what’s the minimum I need to do” are missing out on opportunities to use ethical business practices as an integral part of what makes them unique.

Achieving responsible and profitable supply chains is about gaining a triple advantage creating a clear business case for organisations, as well as benefits for the environment and society. Those focused on this “triple advantage” is supply chain operations can increase competitiveness through increased revenue and brand reputation while decreasing cost and risk.

To sustain competitiveness, companies need to recalibrate their strategies towards ethical behaviour—moving from a focus on compliance to differentiation. Companies engaged in responsible supply chain efforts often refer to their “license to operate.” That implies they’ve established trust with local governments and society by complying with regulations and establishing health and safety programs that give them tacit permission to do business.

So you may think what is a supply chain?

Supply chains are present in every economic sector – they are made up of connections between suppliers of all the goods and services that go into the delivery of products to consumers.

A sustainable supply chain is one that involves the incorporation of socio-cultural, environmental and economically viable practices placed into the full lifecycle of the supply chain. The full lifecycle of the supply chain means all the steps from product design and development, to selection of appropriate materials, manufacturing, packaging, transportation, storage, supply, consumption, and recycling.

What are sustainable tourism supply chains?

In the context of the tourism sector, a sustainable supply chain includes all suppliers of goods and services;

–        either contracted straight from tour operators and associated ground handlers

–        or via suppliers including accommodation providers

A holiday is the end product most commonly purchased in a tourism supply chain.

Sustainable Supply Chain (SSC) encapsulates the trend to use purchasing policies and practices to facilitate sustainable development at the tourist destination. Most research has focused on environmental aspects of manufacturing, while other aspects of sustainability or the challenges for the service sector are largely ignored. Yet SSC is particularly important for tour operators, as the product depends on the activities of suppliers such as accommodation, transport and activities. Therefore, tour operators’ contribution to sustainable tourism will be more effective through the definition and implementation of policies that acknowledge responsibility for the impacts of suppliers.

Across tourism supply chains, research has suggested that the process of implementing sustainable practices is most challenging in the area of transport, and most straight forward in accommodation. Attempt to generate sustainability at the scale of a destination need the combined efforts of the widest partnership of stakeholders.

It is therefore important, when supporting and connecting to a local destination, for businesses to have a strong grasp of the whole holiday experience and the type of advice that will be useful for customers. Each destination has its specific setting, but a general summary of links looks like this:

© 2003 Richard Tapper, Environment Business & Development Group

The Benefits

So why might a business wish to apply a sustainable tourism supply approach – what are the principal benefits?

All supply chains can be optimised using sustainable practices. Sustainability in the supply chain encapsulates a number of different priorities:

  • Environmental stewardship
  • Conservation of resources
  • Reduction of carbon footprint
  • Financial savings and viability
  • Social responsibility

Managing supply chains in a sustainable manner can help businesses in not only reducing their total carbon footprint, but also in optimising their end-to-end operations to achieve:

  • Improved credibility, visibility and brand reputation
  • Improved access to markets
  • Greater operational effectiveness leading to cost savings and profitability

We have created a free online tool to help you develop. Our training tool was developed by and with the tourism industry. This free online training covers 11 modules to complete with short quizzes at the end of each module. This tool helps you to design your own strategy in relation to your individual business needs.  All you need is an internet connection.

Click here to register and start your free online training today:  http://smartour.dcnet.eu/

Marzena Reszka, Staffordshire Business School


Reference

Accenture Consulting (2017). Walking the Walk Driving Competitiveness Through Ethical Supply Chains. [Online] Available from: www.accenture.com

Useful links

https://blogs.staffs.ac.uk/business/2017/04/10/service-quality-in-tourism-the-road-less-travelled/

SMARTOUR logo

Winter Is Coming

Winter is coming, and I just can’t wait. I don’t mean log fires, mulled wine and snow on the ground – I mean Mr. Jon Snow on our screens! I’ve been looking forward to season seven of Game of Thrones since season six ended! This is just one kind of season I look forward too, closely followed by Spring, Rugby and Pimms season. Seasons are very important to our businesses, adapted from Corluka (2017) Tourism as an integral part of global business and are highly dependent on seasonal changes, economic activities as well as human behaviour and society in general.

Agricultural, Tourism, Hospitality, Sporting and Construction industries all have different peak seasons and the down time is equally as important to manage as the money making time. It’s not an easy task to manage fluctuations and imbalances of weather, guests, staff, stock or equipment. It is more than an art and a career to manage seasonality and all the impacts they have on different parts of your business.

Winter is not a season it’s an occupation – the hospitality industry really looks forward to Christmas when families, friends and business associates gather to celebrate the festive period. We rely on and look forward to serving the guests and we enjoy the busy demands of figuring out the master puzzle of where is the entire matching cutlery gone from last year! It’s a long, hard slog to get everyone served and to keep everyone happy. When the quiet New Year months arrive we can enjoy a hot drink ‘hot’ which is a real novelty. With our hot drink in hand we have time to look at the business and reflect on the successes and potential improvements to be made for next season. We need and rely on this quiet season to plan and conduct training and development, as well as rewriting and reviewing policies, procedures and making organisational changes for future successful seasons. Within the sporting world the best athletes are made during the ‘off season’ and this should be the same for us.

Our industry needs the down-time to reboot, recharge and regenerate and we must use this time wisely. So if this is your quiet season and you are actually waiting for the real winter season and the festive period why not get some training under your aprons! We have developed an online training website where you can choose from 11 modules to complete for free. All you need is an internet connection, there are short quizzes at the end of each module and they are designed around your individual business needs. It only takes a few minutes to register and log on and then you have 11 fantastic modules at your fingertips.  Some of the modules include: – sustainable food and drink tourism, Social media and marketing, Seasonality, quality and training. Anyone can use the system, it is designed around Tourism and the Hospitality industry and is 100% free to register and complete. Use this on line tool to spring forward!  Click here to register and start your free online training today:-  http://smartour.dcnet.eu/

Tonia Barrett, Staffordshire Business School

Reference

Corluka, G. (2017). Seasonality in Tourism- causes, implications and strategies. [online] Available from:- www.academic.edu [Accessed on 17.07.2017]

Useful links

https://blogs.staffs.ac.uk/business/2017/04/10/service-quality-in-tourism-the-road-less-travelled/

Useful links

Project website – http://www.smartourproject.eu/

Twitter @tourismsu   #SMARTOUR

Facebook page – https://www.facebook.com/smartourproject/

SMARTOUR logo

Esports. Is it a game changer for UK education?

Staffordshire University Business School has become the first British University to launch an esports degree. The course focuses on the business and culture of esports from developing teams, communities and a fan base to hosting esports events.

Staffordshire University has invested heavily in new facilities as part of a £40m transformation of its Stoke-on-Trent campus and academics feel the University is well placed to plug into rapidly growing sectors like esports which is the practice of playing video games competitively over the internet or via networked computers in venues and stadiums.

Already Staffordshire University has responded to the Association for UK Interactive Entertainment’s (Ukie) white paper on esports by introducing a module on esports in their Games Degree.

Back in January, Dr Fletcher, Head of the Games and Visual Effects at Staffordshire University said:

“The module which is available to students on our Games Studies course is a fascinating branch of cultural studies. It looks at the national, and international market for esports, and the cultural aspects that drive it as well as the darker side of cheating and doping by esports players. Games designers are growing up and that brings with it new trends in gaming which comes with its own set of ethical dilemmas.”

Other countries around the world have recognised esports as part of the curriculum for some years.  In South Korea, where the first esports association was set up 17 years ago, they have been accepting esports players onto their sports programmes for four years. At the Asia Pacific University in Malaysia, students can complete certificates in League of Legends, DOTA 2 and Counter-Strike: Global Offensive. In Norway,  the Garnes Vidaregaande high school pupils can opt for esports and can study for up to five hours per week, they focus not just on game play but also combine physical exercise in the mix.

One thing all these esports educators have in common is an agreement that esports provides a vast amount of transferable skills to the participants.

Top skills for esports:

  1. Teamworking
  2. Resilience
  3. Stamina
  4. Problem Solving
  5. Communication
  6. Endurance
  7. Decision Making
  8. Leadership
  9. Critical thinking
  10. Analytical

The students on Staffordshire University Business School’s BA (Hons) esports will also have classes in event management, digital marketing, the legal side of esports and streaming techniques. This will make sure that when they leave university they’ll have all the right skills to prepare them for a great career. With huge growth predicted in this area there are lots of job opportunities.  Many recruitment agencies, like Odgers Berndston have set up separate divisions to deal with esports careers and there are even some new sites that have sprung up like ‘esports Careers’ who are currently listing almost 500 vacancies.  The British esports Association lists over 12 career paths on its website, here are a few:

  1. Shoutcaster/host
  2. Coach/analyst
  3. Journalist/content creator
  4. PR/Marketing executive
  5. Community/social media manager
  6. Broadcast/production crew
  7. Event manager

To find out more about esports at Staffordshire University Business School visit the website staffs.ac.uk.

Rachel Gowers MBA
Associate Dean
Staffordshire University Business School

 

So you’ve graduated – now what?

5 top tips for new graduates from Senior Lecturer Angela Lawrence

Three years of study have come to an end, exams are over, the university board has sat, results announced and graduation is looming. It can be a worrying and scary time for many graduates as the intensity of those final assessments has been all-consuming for weeks and months. All of a sudden everything is over. There’s quite a gap in your life that you need to fill and you may be floundering and wondering what’s next. If you were smart, you began applying for graduate jobs at the beginning of the year, but even so, you may not yet have bagged the job of your dreams.

Here are a few tips to help you to stay focused on securing the graduate employment that you deserve:

  1. It’s a numbers game

Statistics suggest that 39 graduates apply for every advertised graduate position. So you are up against around 38 ex-students who are applying for the same jobs as you. Don’t be too hard on yourself if it takes a while and you feel like you spend half of every week filling in applications – it’s a numbers game, the more jobs you apply for the better chance you will have of securing the role that’s right for you. Keep believing in yourself and keep on searching through the jobs sites; sooner or later your time will come.

  1. Perseverance is key

Don’t give up – NEVER give up! You have worked hard to earn your degree and you deserve to get a graduate position. Okay, you may have to accept a job that is less than what you want in the first instance, to make ends meet, but do not stop seeking out and applying for graduate positions.  It took three years to get your degree so it may take three months or more to secure that job that you are after.

  1. Keep in work

Work, work, work…and keep working! You may only be working part-time, working to help out a family member’s business or working as a volunteer, but you must keep working. Having that evidence on your CV that you have a strong working ethic speaks volumes to potential employers. Furthermore, you are probably practising a multitude of transferable skills, whatever the role. Skills that employers want to hear about, such as good timekeeping, the ability to work independently or as part of a team, the ability to be trusted, accuracy and attention to detail.

  1. Ask for feedback

If you have applied for a job and had no response within indicated timescales, then ring the company up and ask them if they have shortlisted applications yet. If they have and you are not on the list, ask them if they would mind telling you what the criteria for shortlisting was, so that you know for next time. If you actually got to an assessment board or had an interview, but were not successful in being offered the job, you must ask for feedback. It may simply be that another candidate had more relevant experience, or it may be that you find out it was something that you were lacking, that you could work on before your next interview. It may be the way you interviewed, possibly nerves were showing. So practise makes perfect and you now have that knowledge to help you to prepare yourself better for your next interview.

  1. Network

The saying goes “It’s not what you know, it’s who you know”. This is never more true than in the game of job hunting. It is stated that ninety-three percent of recruiters use LinkedIn for recruitment. So if you haven’t got a professional LinkedIn profile, you’re missing a trick. Join your alumni LinkedIn group and network with alumni who know only too well how hard it is to find that all-important break in the job hunting market. But offline networking can be equally important. Check out the local networking opportunities with your local Chamber of Commerce, and seek out recruitment fairs in your local area or in the region in which you would like to work.

A final tip for Staffordshire University graduates – don’t forget that you have access to our online careers portal, eCoach following graduation. Our Careers Network services are available to you for as long as you need them. Your lecturers and personal tutors will be happy to provide you with references, so good luck and we know you’ll do us proud!