Ben T. GCSE Business Studies tutor, GCSE Classical Greek tutor, GCSE ...

Ben T.

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Degree: Classical Studies and Business Management (Bachelors) - Exeter University

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About me

Having achieved top grades in both my GCSEs and IB Diploma studies I am very familiar with the courses and what needs to be done in order to work through them, especially with regard to specific areas of difficulty. I have both had a tutor and been a tutor whist at my school, so can bring experience from both aspects, having helped a student gain A’s in their GCSE Maths and Biology exams. My key objective will be to help students understand concepts at a fundamental level which can then be applied to the more complex themes and topics. I am both very patient and understanding when it comes to education, having been in the situation of being tutored and aim to help students not only understand material but become passionate to write about it in exams.

Availability: 4pm-10pm Mon-Thurs, 11am-6pm Sat-Sun

Subjects offered

SubjectLevelMy prices
Biology GCSE £18 /hr
Business Studies GCSE £18 /hr
Classical Greek GCSE £18 /hr
Geography GCSE £18 /hr
Human Biology GCSE £18 /hr
Business Studies IB £20 /hr

Qualifications

QualificationLevelGrade
English SLBaccalaureate6
Maths StudiesBaccalaureate7
Biology SLBaccalaureate7
Business and Management HLBaccalaureate6
Ancient Greek HLBaccalaureate5
Geography HLBaccalaureate7
Disclosure and Barring Service

CRB/DBS Standard

07/11/2014

CRB/DBS Enhanced

No

Currently unavailable: no new students

Questions Ben has answered

How can the BCG Matrix be applied to a high street retail business?

The Boston Consulting Group Matrix is a business tool which can be used to analyses a company with regard to their particularmarket share vs their market growth.   When a business has: Low Market Share and Low Market Growth it is considered a 'Dog' Low Market Share and High Market Growth it...

The Boston Consulting Group Matrix is a business tool which can be used to analyses a company with regard to their particular market share vs their market growth.

 

When a business has:

Low Market Share and Low Market Growth it is considered a 'Dog'

Low Market Share and High Market Growth it is considered a 'Question'

High Market Share and Low Market Growth it is considered a 'Cash Cow'

High Market Share and High Market Growth it is considered a 'Star'

 

With this in mind you can now apply it to a certain case study, in this case a retail business, and draw conclusions based on it. For this example I shall use the clothing retailer Primark.

The matrix is more useful when you are using it for comparison, either for multiple companies or for a single company over a period of time. Therefore in the case of Primark we can look at it's changing position on the matrix over the last 20 years.

At the turn of the century Primark had a relatively small share of the fashion and clothing market however due to its low prices as 'fast fashion' ideology there was huge potential for market growth. Therefore it could be considered a 'Question' on the BCG Matrix.

As a result of the taking over of Littlewoods stores, consderable investment and the UK recession, by 2010 the retailer had massively increased their market share at the expense of their competitors and had managed to turn themselves from a 'Question' into a 'Star'.

Currently they can still be considered a 'Star' since they are still increasing market share, with their first stores opening in the US this year, and enjoying continued market growth, with record profits of £298 million in March 2014, a 26% increase from 2013.

 

That brief description shows how the matrix can directly be applied to a company in order to analyse its position within the market. And is a useful part of any full business analysis.

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2 years ago

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