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#BBCApprentice 2012 was much about business strategy as business plans; Ricky deserved to win



Of course, some successful businesses don’t even produce business plans. In these business plans, some don’t even describe a business strategy, although many do using the standard techniques such as SWOT or PESTEL.

Last night’s final of the #BBCApprentice involved senior business professionals interviewing the finalists on the basis of their business plans. Recruitment manager Ricky Martin came out the eventual winner, with Tom Gearing’s plan for a fine wine hedge fund coming a close second.

Lord Sugar was correct to query the viability of the business model of the one-click ingredients-buying business mechanism proposed by Nick Holzherr. It is very difficult in business to monetise successfully, in other words make profitable, one-click business models. In fact, much of the capital in that intangible asset probably lies in the intellectual property of the implementation of this idea legally through a patent, so I would advise Nick to think about patent protection for this straight away. 1-click models can be the subject of complicated legal challenges, as Amazon will testify.

Tom Gearing’s hedge fund for fine wines seems like a way for Lord Sugar to make a ‘fast buck’, but this might have incurred a wrath of Ed Miliband (particularly as Lord Sugar is a Labour peer.) Indeed, the return on this risk might have been enormous, by virtue of this being a very high risk transaction with a high beta index. Lord Sugar put this simply as him not wishing to gamble with other people’s money, and indeed in Lord Sugar’s conscience it might have been difficult for Lord Sugar to make the winner of the BBC Apprentice 2012 a ‘fast buck’ business idea, interesting though it is. Of course,  it is not a bad idea, for example Daniel Capocci in Journal of Management Science has provided that sustainable hedge fund models can outperform equity and debt finance, but concerns about the sustainability of hedge funding exist in the corporate world.

In contrast, Ricky Martin’s idea does have legs. I would indeed go as far as to agree with Claude, and to say it is a very clever idea. The technology and pharmacological industries continue to produce growth, in Scandinavia and the USA particularly. Personally, I wouldn’t inject too much of a ‘greenwash’ element into it, unless the green credentials are genuine and not simply a marketing fad. However, I do like very much the idea of enmeshing sustainability in it. Ricky Martin was cut short very quickly at the beginning of the episode when he referred to it, but I feel that the business literature is now picking up on the idea of sustainability in business recruitment, an idea which, in fact, the legal profession could do with listening to.

And yes – this may not have been Lord Sugar’s intention, but I loved the final episode of the series firstly as a Leftie and as a MBA graduate. I think I know Lord Sugar’s opinions of both categories of people!

 

Stella is hired in the BBC The Apprentice Final 2010



I have cried twice many times this year, but I was genuinely delighted when Alan Sugar hired Stella English this evening. A very astute choice, in my opinion.

BBC Apprentice: @Lord_Sugar defends Stuart Baggs



@Lord_Sugar wrote yesterday on Twitter:

Stuart Baggs getting too much flack, he entertained us, he’s very young n will learn,he will do well one day ,he is actually a nice boy

We should take these words very seriously. I agree.

The problems facing Lord Sugar in BBC The Apprentice Final 2010 by Shibley Rahman



I am not a successful businessman. This does not mean I am an unsuccessful businessman. I am a company director of my own e-learning business for law and medicine here in London. However, I will be starting a two year MBA (Master of Business Administration) degree at BPP Business School in London in January 2011, as I am genuinely interested in both the theory and practice of business, particularly leadership. My brief interaction with the legal world, which has been through a thus far successful Master of Law at the College of Law of England and Wales, has taught me that the business and legal worlds are incredibly closely-related, but it is important to me the impact of successful team-building as well as leadership; I see corporate law is being built by a plethora of highly effective managers, but with few leaders. The corporate mentality is undeniably potentially stifling unless in the right hands, fostering a rather stifling a suffocating anti-intellectual atmosphere, unless corporate law can encourage equality, diversity and inclusivity with some of the clients it is supposed to represent.

Lecture over. Here is the knub then of the problem faced by Lord Sugar on Sunday, in the final of the BBC series “The Apprentice”. Having blown out Stuart Baggs (the ‘Blagger’), one has to feel some genuine disappointment that Lord Sugar has chucked out Liz Locke through having been innocently taken in by the bullshit of Stuart Baggs. Baggs was outed as a confidence trickster, albeit a very technically-minded one, who would do anything to achieve his aims. I like Gordon the lawyer loathe the fact that he would be allegedly willing to break the law, defamation, in rubbishing a business partner to achieve his own ends. This is both illegal and unethical, and certainly would do not thing for Alan Sugar the Brand, let alone Stuart Baggs the Brand.

Stella English is impressive for very many reasons. She doesn’t do emotion as such professionally, and is meticulous in her organisation and discipline, hard work and genuine commitment. She has taken on board incessant criticisms about being ‘wooden’. She has been incredibly successful in the corporate management environment, and the question now for Lord Sugar is to find a suitable role for her in his organisation. Therefore, if she can pull off an inspiring demonstration on Sunday, that will go a long way. She needs to demonstrate that she is a potential entrepreneurial leader; she can have followers, has a set of responsible ideals, can take risks, can work in teams and demonstrate some emotional intelligence, and of course create a superb business plan. However, Christopher Bates has demonstrated entrepreneurial flair in the past in the course of the series, but his track record in not sticking at a job or a course has to be some cause for concern. It’s no good waiting for the quality of what Chris says if he drones on for hours in a pitch on behalf of Sugar’s organisation to a client, but I have no doubting that his skills are understated. For what it’s worth, I think both Stella and Chris would be a ‘safe pair of hands’ at board level, fulfilling the requirements of the Companies Act (2006) in both letter and spirit; in their duty to promote the success of the company, the duty to avoid conflicts of interest, and, especially given their high degree of sheer competence thus far in the competition, a duty to practise with due skill, care and diligence. The words of Peter Drucker continue to haunt me – leadership is doing the right things, management is about doing things right. Where Alan Sugar is superb is that he does both.

Lord Sugar said he didn’t want a ‘steady Eddie’, but this is ironically exactly what he might need in vast quantities in these turbulent economic times. A fairly close decision, and it could be tipped either way. Jamie’s poor interviewing came as a surprise to me yesterday, and definitely cost him a place in the Final. Sunday’s performance does matter therefore. I feel it go in anyone’s favour.

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