It sounds like the start of a riddle but there’s an important underlying message. Namely, organisations should be monitoring the environment they are operating in to see if any changes could be impacting on their business.
A classic model for analysing the impact the external environment can have on an organisation is the PESTEL model. Those of you that are thinking of studying for your professional exams will possibly be thinking that it stands for Parties, Eating, Sleeping, Talking, Entertaining and Laughing but if you’ve passed your exams then you are probably more comfortable with the fact that it stands for Political, Economic, Social, Technological, Environmental and Legal.
Whilst all the components of this model can be important, one area which is particularly topical is the “social” component.
Within the social component one change which a lot of countries are currently seeing is people’s increased health awareness and the increase in demand for vegetarian (no meat) and vegan (no meat or dairy) food.
Ben & Jerry’s is one of the world’s leading ice cream companies and they no doubt have a very sophisticated approach to monitoring the environment. One of the more impressive things they’ve done over the last couple of years is to launch some new products which will appeal to the vegan market.
If you are a vegan, then you don’t eat meat or dairy products and whilst you are unlikely to find an ice cream made out of chicken you are extremely likely to find an ice cream made out of milk.
Ben & Jerry’s though have nicely got around this problem by launching a number of flavours of vegan ice cream.
“How can they be vegan if they are ice cream?” I hear you say.
Well, the vegan ice creams are made with almond milk as opposed to dairy milk. Now technically that means they are frozen desserts and not ice cream but I can’t see any vegan being particularly upset about that.
The non dairy range has recently expanded in the UK and Ben & Jerry’s have just launched their first coconut flavoured vegan ice cream.
It’s called “Coconutterly Caramel’d” and blends coconut-flavoured ice cream with ribbons of caramel, Fair Trade chocolate, and cookies.
“Coconut ice cream, caramel, chocolate and cookies” – I don’t know about you but just reading that description makes me feel peckish.
https://www.theexpgroup.com/wp-content/uploads/2016/02/ben_and_jerrys.png9441678Stevehttps://www.theexpgroup.com/wp-content/uploads/2018/06/styleguide-EXP-4.pngSteve2018-12-23 15:19:102019-01-04 08:24:56When is an ice cream not an ice cream?
Advertising can have a dramatic impact on what people buy and in countries which celebrate Christmas, one of the busiest buying seasons is upon us.
It’s traditional in the run up to Christmas in the UK for the big retailers to release a major TV advert. The retailer John Lewis for example has released it’s Christmas advert staring Elton John (who reportedly received a fee of £5 million for his input).
For me though the clear winner in the Christmas adverts is the “Rang tang” advert by the supermarket chain Iceland.
The advert was originally produced by the global charity Greenpeace and highlights the destruction of the rainforest caused by the production of palm oil (palm oil is found in many everyday products ranging from food staples such as bread to cosmetics).
The companies that produce palm oil are cutting down vast amounts of trees and as a result the Orangutan apes are really suffering. In simple terms, their homes are being destroyed and they are dying as they have nowhere to live.
Iceland spent £500,000 on putting the advertising campaign together and have pledged to remove palm oil from all their own brand products.
The advert, which was voiced over by actress Emma Thompson, has run into some problems with Clearcast, the body which approves or rejects television adverts in the UK. They have ruled that it is too political and as a result it has been banned from being shown on television.
The good news for this advert though is that Clearcast don’t regulate social media and the advert has been a hit on Facebook and YouTube.
At the time of writing, the advert had been viewed over 5 million times on YouTube.
If you haven’t seen it yet, I’d urge you to watch it below as it’s a great advert which raises awareness of an important global issue.
If you ask a person in the street the question “What do the Big 4 do?”, the chances are that you’ll either get a funny look back or if the person has heard of the Big 4, they will probably say something like “accounting”.
The Big 4 are made up of Deloitte, EY, KPMG and pwc and whilst historically they had a strong accounting focus, nowadays they have a much wider remit and include many more business functions than pure “accounting”.
The legal side of business is playing a bigger part now for the Big 4 and earlier this year EY in the UK purchased Riverview Law, one of the “new breed” of legal firms.
Prior to 2012, law firms in the UK in effect had to be owned by lawyers (ie most law firms were partnerships owned by partners who were lawyers). Since 2012 though the regulators have been licensing non-traditional law firms.
Riverview Law is one of these non-traditional law firms and has built a reputation of being a disrupter in the industry due to its clever use of technology to minimise its overheads and offer clients fixed fees instead of hourly rates.
Cornelius Grossman, EY’s global head of law, was quoted as saying “This acquisition underlines the position of EY as a leading disrupter of legal services. It will provide a springboard for current EY legal managed services offerings and will bolster the capabilities that we can help deliver for EY clients”.
Whilst this expansion into legal services is good news for the Big 4, it’s not so good news for the traditional legal companies. The mid-tier legal firms especially are likely to be under threat from the expansion of the Big 4’s legal offerings.
https://www.theexpgroup.com/wp-content/uploads/2018/11/EY-aquires-Riverview.png9441678Stevehttps://www.theexpgroup.com/wp-content/uploads/2018/06/styleguide-EXP-4.pngSteve2018-12-01 12:26:112018-12-09 19:28:48Legal issues for the Big 4
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