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.

Why do women still earn less than men?

In the nearly fifty years since the passing of the Equal Pay Act the gender pay gap in the UK has proved to be stubbornly resilient. What has changed is the way economists try to explain its existence and persistence. Fifty years ago economists used to explain differences in wages predominantly in terms of differences in experience, education and training, what collectively they termed ‘human capital’. Whilst they recognised that luck, nepotism and discrimination may be important, differences in human capital were thought to be the dominant determinant of wage differentials. It was, however, recognised that female workers were typically crowded into a narrower range of occupations and industries than males. Moreover, whilst glass-ceilings constrained many female employees’ ability to move up the job-ladder, it was also evident that employers tended to place a low premium on caring skills, which traditionally have been more associated with female workers.

More recently economists have established the importance of non-cognitive productivity-related characteristics, such as motivation, resilience and initiative, in explaining differences in wages. In terms of explaining the gender pay gap this opens up three intriguing possibilities. It may be that females are, on average, less endowed with those productivity-augmenting characteristics. This may be the result of nature or nurture and here the findings that single-sex schooling may be related to lower gender pay gaps is of interest. An alternative hypothesis is that females may have, on average, different preferences, placing a lower relative value on the monetary benefits from working. A third possibility is that employers do not reward males and females similarly for a given non-cognitive characteristic. Behaviour which is seen by employers as positive when undertaken by males, such a providing leadership in group discussion, may be viewed as indicative of a poor team-player when evident in a female employee.

If we are serious as a society about eliminating the 18 per cent gender pay gap then it may be time to pay less attention to altering the behaviour of female workers and spend more time creating more male homemakers.

Nick Adnett, Professor in Staffordshire Business School

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 ???!!!

 

Industry vote of confidence in UK’s first esports degree

A trailblazing degree dedicated to the rapidly growing esports industry has received the backing of the UK’s leading industry experts.

Staffordshire University announced in May that it was launching the country’s first BA (Hons) Esports degree and has been overwhelmed with enquiries from prospective students from all over the world.

The University recently invited organisations including British Esports Association, Ukie, The National University Esports League (NUEL), Fast Web Media and Codemasters to make up an industry panel and help advise on modules making up the course which aims to supply skilled graduates to the global gaming industry.

Gaming Conviction.com: “Staffordshire to offer degree in esports”

This offers the opportunity of future collaboration and companies like Red Bull have already offered student work placements at their new esports studio in London.

Rachel Gowers, Associate Dean for Recruitment in Staffordshire Business School, said: “It is vital that the degree supports the needs of those working and recruiting to this specialist sector. The industry is driving the creation of new jobs and companies are looking for people who are both entrepreneurial and tech savvy.

“Our course focuses on the business and culture of esports from developing teams, communities and a fan base to hosting esports events. We are delighted to be partnering with the businesses and organisations who can help us to fine tune the course prior to launch in 2018.”

Joana Ferreira of Fast Web Media, a digital marketing company which played a major role in promoting the first esports industry awards, said she was delighted to be part of the process.

“Being a part of this panel is very exciting for me. Having worked within digital marketing for esports for a couple of years now, it’s fantastic to be able to help mould what future esports employees look like and what it takes to run an esports business. Staffs Uni is impressively forward thinking, and this esports degree is just another testament to that.”

The University has also won the high profile backing of Ed Vaizey MP and Vice Chair of the British Esports Association.

He added: “Staffordshire University’s decision to establish an esports course is visionary and far sighted. Esports is one of the fastest growing entertainment mediums in the world, and anything that can help the UK establish itself as a centre for this exciting industry should be celebrated.”

The new degree course is in direct response to the Ukie white paper on esports. Dr Bobbie Fletcher, Associate Professor of Games Education, said: “Plans to grow the UK as an esports hub brings huge opportunities and we are well placed as a University to respond to that. Connecting with industry in this way enables us to benefit from their expertise and exciting work experience opportunities.”

Prospective students are invited to visit Staffordshire University on Sunday 22 October for an esports taster event. Taking place between 11am – 6pm at the LRV on Leek Road, Stoke-on-Trent (ST4 2DF), this is an opportunity to experience esports, get hands-on with the games and have a go at casting. It’s also a chance to find out about university teams and watch them compete in the Esports Varsity. Book here

 

Author: Maria Scrivens, Media Relations Manager

The economic benefits of a vibrant university and Business School

Dean of Staffordshire Dr Peter Jones reflects on the start of term and the economic benefits of a vibrant university and Business School in the region.

Last month the population of Stoke-on-Trent changed and transformed as the annual autumn migration to University got underway. Students both arrived and left the city and the region to start or continue their higher education. For Stoke-on-Trent there was a sudden influx of people from not just around the country but from around the world who bring a vibrancy, culture and diversity to the six towns.
This changing demographic is vital for the city and the region. Students and associated workers spending cash on renting property, in bars, eating food and even buying books – students are important for our economy. University students also provide a transient workforce providing casual labour to the region’s businesses. Importantly they will go on to become the qualified and educated future workforce. And this is vital for Stoke-on-Trent.

For a city like Stoke where we have high employment, but typically a low skilled and low wage workforce, a strong University is key and is vital in the economic growth of the city, county and region. This is not a situation that is restricted just to Stoke-on-Trent. In the late 1990s funding of the Northern Powerhouse cities resulted in massive urban repopulation and redevelopment. The growth of cities such as Leeds, Manchester, Liverpool and also in the West Midlands / Birmingham meant that the smaller Midlands cities were somewhat overlooked and forgotten about.

However, the introduction of increased numbers of people entering higher education has to a greater or lesser extent be the saviour of many if these economically slowing towns and cities in the Midlands. Places like Coventry, Northampton, Derby, Leicester and Lincoln all now have growing economies where local and regional politicians work hand in with the local “new” university to invent themselves and their identity of place. With the changing role of councils and their declining budgets, the role of the university in developing place has become even more paramount.

I would argue that Business Schools have a key role in new universities as all businesses do business and, I would argue, need business graduates. Therefore, the key to the regional economic growth is a strong Business School. A Business School that is connected to the region’s employers and producing students who bring ideas and support innovation and growth by completing internships, placements and sandwich years with the region’s companies. In our digital age this input from millennials and generation Z is key for innovation and economic growth.

It is also vital that Business Schools are not just outward looking but also develop the business skills of students in other disciplines within their own universities such as entrepreneurship which will help them become the next generation of start-ups and business leaders.

Graduating with an award and a digital marketing business

By Andrew Dobson

My MSc in Digital Marketing Management at Staffordshire University includes the module ‘Managing a Digital Marketing Project’. This normally involves working with a company to create and implement a digital marketing strategy. I asked to take a different approach to the project and decided to create my own digital marketing agency: Track Digital Marketing. This, I reasoned, would allow me to develop my marketing and web design skills and gain an income by working with small businesses in Staffordshire.

Although I had not previously studied marketing, I felt optimistic that the skills I learned on the course and my previous experience in teaching English would provide me with the background needed to excel at digital marketing. However, the business management side of the project was something that I found more daunting.

Fortunately, Be Inspired at Staffordshire University offered business support in the way of training, a business grant and a mentor. I’ll be honest, when interviewed for the scheme I was sceptical about how much help they would actually provide (apart from the business grant). However, the combination of business training from Be Inspired, project management assistance from Professor Jon Fairburn, and business startup and digital marketing advice from my mentor Matt Clayton (owner of Build A UK Business) has been hugely beneficial.

After the initial setup of Track Digital Marketing I was ready for small businesses to queue up and bombard my email address with pleads for me to help them market themselves online. However, it only just occurred to me that my competition was vastly experienced at online marketing and probably had teams of experts in every digital marketing field. Whilst my knowledge and practical experience gleaned from the course made me an all-round professional marketer, I could not compete with huge established companies for the top Google searches. This left me with targeting a particular niche (small businesses in Staffordshire) and old-fashioned networking.

Luckily, I found that business owners (now including myself) love nothing more than telling everyone within a half-mile radius about their business. This is how Brereton Timber and I found each other: a good ol’ chin wag over a garden fence. To be more specific, a fence panel supplied and fitted by Edward Taylor from Brereton Timber.

A happy customer

A happy customer

Edward and business partner Craig Wardle had an expanding fence supplying and fitting business –  amongst a variety of other services. However, their old website did not reflect their current success, and their marketing consisted mainly of a 13ft wooden bear with ‘Brereton Timber’ plastered on it.

After discussing Craig and Edward’s digital marketing options and painstakingly explaining ‘long-tail keywords’, we agreed to complete the following:

  • An internal digital marketing and website audit.
  • Competitive research into the marketing activities of their main competitors, both regional and national.
  • Customer research and marketing preferences.
  • A comprehensive search engine and mobile optimised e-commerce website.
  • Keyword research and content marketing to bring customers in and guide them towards sales.

Although we are still in the process of designing the website and creating content, since we started working Brereton Timber’s online sales for July are higher than the rest of the year combined. The new website has a professional image befitting their professional work, has improved search engine rankings, and perhaps most importantly is customer-friendly.

Craig and Edward have expressed their gratitude in their own way (by promising me a free Christmas Tree in December) and had this to say: “Honestly, we can’t believe the change Track Digital Marketing has made to our business. Customers are always saying how good the website looks and we know that Andy is available anytime we have a query or want to change something on our website.” Despite their online success, Brereton Timber refuses to capture the Brereton Bear who continues to terrorise locals on the A50 between Holmes Chapel and Brereton.

Andrew Dobson

Super Seven Skills in Esports 

On Friday 8 September our Associate Dean for Recruitment Rachel Gowers, set off on a trip to Bergen Norway to see esports in the classroom.  Rachel’s journey started off bright and early by flying to Bergen and then catching a bus into the City Centre, then catching a train, another bus which turned out to be the wrong bus before deciding to get a taxi to the Norwegian School… I would say she has definitely been on an adventure even before the esports fun commenced.

 

Once Rachel arrived at the school she was introduced by Petter Grahl Jonstad, who assisted in introducing esports to the school in 2016. Petter originally had a background in social science and used his research to find out the transferable skills acquired through sports and chess.  When creating the esports course his philosophy was to look at the whole student as well as provide general well-being. To do this he decided that students would have two hours a week of gym sessions, 1 hour of strength training and 3 hours of game play a week to make sure they had a good balance. Petter was very interested in engaging students who were non-academic and to do this he made the requirement that all students must pass all their other subjects, by doing this he has seen a general improvement in attitude, motivations, English language and overall improved communication.

Our focus is not only on the mechanics of the game, but also on how a team works, theory regarding motivation as a professional gamer and, last but not least, teamwork. Understanding the game is one thing, but if the communication does not work within the team, if the players can’t rely on each other, you practically have nothing in our opinion”
Petter Grahl Jonstad

Since introducing esports the school has become oversubscribed and students are even moving house to attend the college. The classes are taught by ex-pro gamer Sindre Rygg, who has competed in the second biggest area network called The Gathering and went to Korea to compete in The Masters of Cheon where they came fourth.

While in Norway Rachel got to meet the next generation of esports managers and players, this allowed Rachel to visualise what type of graduates will be coming out of Staffordshire Business School in the near future. Rachel spoke to three of the students studying esports and here is what they had to say:

‘Esports helps me to concentrate in other classes because I know I have to work hard.’
Christian Nilsen

‘Esports helps me to communicate and work in a team to achieve something’.
Henrik Flo Wilhelmsen

‘Esports practices your brain to think quickly and have fast reaction times.’
Jorgen Treit Brevset

Rachel has come back from Norway more driven and inspired to get the esports course ready for 2018 and cannot wait for it to be part of the Business School. She has also learnt the super seven skills that will be imbedded within the course. These skills are:

  • Decision Making
  • Multi-tasking
  • Problem Solving
  • Perception
  • Communication
  • Team Builder
  • Numeracy

Click here for more information on studying a BA (Hons) Esports degree at Staffordshire University

Joshua Lonsdale, Graduate Intern within Staffordshire Business School

Business School accounts on twitter

Main School accounts

Business School @BusinessStaffs several staff and students have access to this account, the main users are Prof Jon Fairburn and Angela Lawrence. Ranked No 1 by Edurank for Business Schools

Tourism and Events – @tourismsu Prof Jon Fairburn and students

Management Team

Prof Vish Maheshwari @ProfVish_M Head of Department

Rachel Gowers @rggowers   Associate Dean Recruitment and e-sports

Prof Jess Power @Jess_Power_ Associate dean for Students

Prof Jon Fairburn @BusinessStaffs  Lead for Research

Academics

Mayowa Akinbote @Mayobote Accounting and finance

Tony Bickley – @tonybickley    Accounting  and #parlez-vous digital

Prof Rune By @Prof_RuneTBy Organisational Behaviour & Change Leadership

Dr Nurdilek Dalziel @NurdilekDalziel Digital marketing

Paul Dobson @PaulDobsonuk Digital marketing, entrepreneurship, SMEs, social enterprises

Dr Andy Hanks @ajhanks_dr  HRM, CIPD, trade unions

Dr Andy Hirst @AndyHirst1956 International Business, Supply Chain Management, Risk Mgt Project Mgt, Strategy and Leadership

Dr John Hudson @brucie_rooster  Employee well being

Dr Andras Kenez @Andras_Kenez  Marketing

Angela Lawrence @IteroAnge  Apprenticeships and marketing

Dr Tolu Olarewaju @ToluOlarewaju Economics

Karl McCormack –  @KMcCormackSU Accounting

Bharati Singh @BharatiCSingh Strategy and banking

Carol Southall @cdesouthall  Tourism and Events Management

Hazel Squires – @HazelSquire Under-graduate Business Management Award Leader, Small Business Charter and Silverworkers project

Mark Wordley @markwordleyUK Accounting and finance, work placements and SMEs

Courses

MSc Digital Marketing Management  @MScDigStaffs

Projects

EU project @Silverworkers 

EU project  EUFORIA @XKeuforia

Welcome to Staffordshire University!

Welcome week, more commonly known as Freshers’ week, is officially your first week at university and is the perfect opportunity for you to unpack, make new friends and find out more about your course. My advice would be to get involved with as much as you can to ensure you get the most out of this first week.

Your first day of your new independent life will begin on Saturday 16th September – Moving in day! All your hard work over the past year has paid off and now is the time for your new adventure to start as you move into your new home for the next year.

Before you can start unpacking you need to do your face-to-face enrolment in the sports hall – if you have been to one of our open days you may already know where this is but if not just ask one of our friendly Student Ambassadors and they will be happy to help. Here you will not only receive the keys to your new home, but you will also get your student card which enables you to get student discount in a wide variety of shops and restaurants!

When everything is unpacked and you have met your flatmates, it’s time to relax and have a bit of fun before your studying starts. The LRV will be hosting a ‘Moving In Party’ and this is your chance to meet lots of other first years from all different courses and enjoy yourself (please drink responsibly, DrinkAware have some hints and tips for staying safe).

On Sunday 17th September, there is a family fun day open to everyone where there will be stalls, street food, music and much more! It is also enrolment day for students who are studying off site which will take place in the sports hall.Monday 18th September is officially the first day of Welcome Week. Each individual course will give out their timetable and there will be welcome sessions where you will find out more information about your course. These sessions are important and I highly recommend that you attend – start how you mean to go on! In the sessions, you will get the following information:

  • A breakdown of your course
  • The plan for the year
  • Meet your tutors – Good first impressions are important
  • Reading/books list
  • Meet your course mates – you will be learning and working with these people so good to get off on a good start!

Wednesday 20th September is the Students’ Union Day and is the highlight of Welcome Week! This day hosts the ‘Freshers’ Fair/Commercial Fair’ (located in the LRV) where you can get your hands on lots of freebies, discounts, vouchers and food! The ‘Clubs and Societies Fair’ (located in the sports hall and Brindley outpost) is also held on Wednesday and gives you the chance to browse and join up to a number of the hundreds of clubs and societies that are run across the university.

On Thursday 21st September, the LRV is hosting a ‘Laser Tag’ event, 16:00-21:00 and entry is free!

Friday 22nd September is the last day of Welcome Week and is the launch of the LRV‘s new club night ‘Eclipse’.

Don’t forget to check out the wristbands available to purchase that will guarantee entry to the Move-In Party, special events and club nights. Click here to get yours!

For more advice on what to do and where to go during welcome week click here.

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