Manufacturing jobs lost under Labour

It would seem that another myth has been shattered regarding the Welsh economy. According to a press release from the Welsh Conservatives, manufacturing jobs in Wales have been lost at a faster rate under Labour than the last Conservative government,

An average of 5,666 jobs a year were lost in the sector between 1999 and 2007, according to information obtained by the party. i.e. there are 51,000 fewer jobs in the manufacturing sector in Wales since the creation of the National Assembly

This compares with an annual average loss of 5,116 in the 18 years of Conservative government between 1979 and 1997 .

Indeed, the decline looks set to continue - since the Assembly election in May, hundreds of manufacturing job losses have been announced all across Wales, including

Corus, Llanwern – 220 Jobs
Graphoprint, Flintshire -170 jobs
Dolgarrog Aluminium, Conwy – 170 jobs
Alphasteel, Newport – 400 jobs
Dennis Ruabon, Wrexham – 80 jobs
Settan and Durward, Llandrindod Wells – 150 jobs

THE IMPORTANCE OF FRANCHISING

When we talk about start-ups and entrepreneurship, rarely do we discuss the potential of franchising not only as a way of establishing new ventures in the economy but also as a method of growing existing businesses. According to the British Franchising Association, franchising is the granting of a licence by one person (the franchisor) to another (the franchisee), which entitles the franchisee to own and operate their own business under the brand, systems and proven business model of the franchisor. The franchisee also receives initial training and ongoing support, comprising all the elements necessary to establish a previously untrained person in the business. This enables individuals to start their own businesses without having to develop their own ideas and utilising an existing brand and established market. Of course, whilst each franchise business is owned and operated by the franchisee, the franchisor controls the quality and standards of the way in which the business is

Change your business through change

All business organisations, especially entrepreneurial small firms, must cope with an ever changing business environment. However, small firms have a very limited ability in being able to control and relate to changes in the environment, although this can depend on the context of change. For example, if a major customer changes increases its order, the entrepreneur should be able to predict events and actions with regard to the timing and consequences of such a change and forecast any changes in the required resources and cashflow. Given this, the entrepreneur can undertake rational short-interval planning activity in order to underpin organisational control. However, much of the change facing business today is largely unpredictable in terms of its timing and its consequences. In other words, such change is open-ended, with it often being unclear what is changing or why it is changing. For example, the effect of the 9/11 bombing of the World Trade Centre was largely unexpected and its

THE IMPORTANCE OF THE CREATIVE CLASSES

One of my favourite academic books of the last two decades must be the “Rise of the Creative Classes” by Professor Richard Florida. This was one of the first detailed studies of the growing group of individuals who use their creativity and mental labour to earn a living and not only included those in arts and entertainment, but also people working in science and technology as well as knowledge-based professions such as healthcare, law, business, and finance. Fast forward to 2022 and Professor Florida has written an updated report on the creative classes although he and his team now identify a different type of individual who is taking full advantage of the growth in digital platforms, social media, and online marketplaces. Such ‘creators’ are defined as those who use digital technology to make and publish unique creative content, whether in the form of video, film, art, music, design, text, games, or any other media that audiences can access and respond to. They also make their mon

PROFESSOR DYLAN JONES-EVANS

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