Nov/Dec 2017 Articles

Domestic contractors, contrary to what some might want to believe, are not asking for any special favours or to ban foreign contractors. What we ask is to be given an opportunity to carry out our business in a fair way in our country.

Our study conducted by Mona School of Business and Management, (MSBM) in June 2017, revealed that the leaders of local construction firms perceive that public sector delays, Government procurement policy, cost of financing, and company debt burden are among the main impediments to growth of the sector. Along with policy changes, we suggest several strategies, including adoption of Lean Construction techniques to increase efficiency.

It cannot be that the Jamaican construction industry that designed and built the National Stadium, Conference Centre, New Kingston, and the Bank of Jamaica is being told that in order to redevelop Downtown Kingston and construct the new Parliament building, we have to get foreign expertise to build. It is full time to review the policies that we have pursued over the years.

Social Entrepreneurship addresses the failings of the traditional economy through their operations within the social economy. This is evident in some countries like Jamaica, having low economic performance indicators, yet having a high social progress index showing significant improvement in the provision of services that address basic human needs.

This Administration is committed to the economic growth and development of the country. As we seek to advance the growth agenda it is evident that the construction industry has a major role to play in driving the process.

The historical social, cultural, political, diplomatic and economic context of the Jamaica-China relationship provides a critical point of reference that gives texture to the current public discussion about balancing the relationship between both countries.

Against a background of foreign and domestic pressures on the construction industry, this article explores some of the opportunities for the use of low-cost ICTs to enable and enhance what is broadly referred to as "Lean Construction” practices, and looks at the practical experiences of a real-world case study.

Local Business News

Alexa has a new job: hotel concierge.Amazon has launched a version of Alexa for hotels that lets guests order room service through the voice assistant, ask for more towels or get restaurant recommendations without having to pick up the phone and...

BUENOS AIRES, Argentina (AFP) – Argentina's President Mauricio Macri has replaced two cabinet ministers responsible for economic issues in the continued fallout from the collapse of the currency, State media said on Saturday.

Father's Day weekend got a well-deserved boost courtesy of B3 Parenting, and was geared towards real parenting solutions and motivation for Jamaican boys. Activities kicked off Friday evening with an intimate gathering in upper Saint Andrew to welcome Troy Kemp, executive director at the National Centre for the Development of Boys and international guest speaker. Guests mingled over Appleton Estate-crafted cocktails and enjoyed hors d'oeuvres courtesy of Usain Bolt's Tracks &...

The Cabinet yesterday named three new members of the board of directors of the Petrojam oil refinery, to replace the three Jamaican directors who resigned on Monday.The three replacements are: Paul Hoo, former chairman of leading gaming company, Supreme Ventures Ltd, and two former vice-presidents of Scotia Bank Jamaica, Rosie Pilner and Wayne Powell.

BANGUI, Central African Republic (AFP) — The Central African Republic (CAR) said yesterday that a diplomatic passport whichtennis star Boris Becker claims entitles him to immunity in bankruptcy proceedings in Britain “is a fake”.“The diplomatic passport that he has is a fake,” foreign ministry chief of staff Cherubin Mologbama told AFP.

China on Tuesday threatened "comprehensive measures" in response to US President Donald Trump's new tariff hike, raising the possibility that Beijing might target operations of American companies.Trump's announcement fuelled fears that economic...

Months after announcing a three per cent reduction in the prices of imported goods to pass on savings from the declining US currency, newly listed Wisynco Group says it has been forced to revert to original prices as the US currency once again strengthens against the Jamaican dollar.

Digicel Group Limited plans to sell hundreds of its Caribbean cell towers in a bid to reduce its leverage. Details are still emerging, but the company plans to finalise the deal in the second quarter of this financial year. The terms of the deal,...

Estate planning involves preparing for the transfer of an individual's assets after his or her death. Some examples of assets that would form part of an estate include: life insurance, pensions, real estate, motor vehicles, shares, investments, and personal items. WHY IS ESTATE PLANNING IMPORTANT?

I recently had my personal appraisal and I am somewhat mad about it. My job performance review did not go well. My manager was pointing out to me that I did not take constructive criticism well, and I needed to improve. What is constructive...

From Harvard Business Review

Scott Barbour/Getty Images When we talk about bias, we often tie it to acts of discrimination or prejudice. But according to cognitive science, everybody, by virtue of having a brain that’s constantly seeking efficiency, is biased in some way — and not all biases make us actively malicious. The key is how we manage our biases. While biases can affect any of an...
The challenges facing leaders today create a complex business landscape: Your business is more global, the pace is faster, technology is reframing your competitive world while customers, armed with more information and more choices, are changing their expectations and demands. That picture also reflects the challenges that face the more than 6,000 registered investment...
px photography/Getty Images There are two contemporary strategic imperatives, among others, that many executives are grappling with: (1) competing in emerging markets and (2) partnering with startups to gain exposure to novel ideas and opportunities. While each on its own is hard enough to accomplish, in concert these imperatives pose a formidable challenge — yet one that...
J PAT CARTER/Getty Images Teachers have had enough. Since March, schools in West Virginia, Oklahoma, Kentucky, Arizona, Colorado and North Carolina have either been shut down or turned into sites of resistance. In Kansas, teachers are threatening to strike because their legislature continues to fund schools at a level the state Supreme Court has deemed unconstitutional.
We’re delighted to be making more episodes of Women at Work for you. Download this podcast Help shape our conversations by responding to these questions. You can answer as few or as many as you’d like: What work decisions do you struggle with? Do you overthink? Stress about making the best choice? Is there a strategy you’ve found useful in making complex decisions? Ever...

Executive Insights

June 28, 2017

The concept of climate change is again a very topical issue. Jamaica has had two recent bouts with heavy rains that have emphasized previously known areas of hazards, and have identified totally new areas that were previously overlooked or were dormant. The estimates of damages are not yet final, and even due diligence will not capture undocumented losses of agriculture, livestock, or illegal housing. Therefore the potential losses will continue as mere replacement does not necessarily equal enhanced restoration.

April 3, 2017

For our younger readers, Venezuela may only have a distant image comprising oilfields and offshore drilling that many have only seen pictures of. Venezuela’s second image may be the beautiful entrants in Miss World or Miss Universe. In these days of modern air travel there are only three convenient routes; one via Miami; one via Panama; or one via Trinidad.

September 25, 2016

In a previous article in this series I questioned the Business Confidence indices for the first quarter of 2016 that showed a positive jump in confidence. I wondered if this was influenced by the expectation of a General Election, a continuity of the then government, or a change of government. I have no definitive reason only intuition, for deciding between these possible influences, or other random answers. Since then several things have happened that serve to further confuse me.

Letters to the Editor

MSBM Review invites your views on any issue of interest to you. Submissions must include your name and email address and should be kept to 300 words or less. We may use letters in either the Print or Web edition of the Magazine.


September 30, 2016

Of the five priority Action Areas emerging from the deliberations at the successful IODC 2015 in Ottawa, Canada (i.e., The Charter, Standards, Capacity Building, Measurement, Innovation), the latter—Innovation, otherwise described as the “Problem-Solving” Action Track — is perhaps, the most eclectic and least structured of the areas.

September 15, 2015

No matter what source you subscribe to, the numbers are staggering, when one considers the potential economic value of open data. The McKinsey Global Institute estimates approximately US$3 trillion value potential across 7 domains. The Warsar Institute for Economic Studies projects a contribution of €205 billion annually to the European Union. An Omidyar Network study suggests open data impact for the G20 countries could be US$2.6 trillion per annum or 1.1% of GDP. What does this mean for small developing countries like Jamaica?..

March 10, 2014

The expression "Innovation at the periphery", has become more popular in the last few years and perhaps even over-used in several contexts. It describes technological innovations in seemingly remote geographical regions. It promotes the "skunkworks" innovation that takes place within an enterprise, but outside of mainstream R&D centres. It highlights indigenous frugal innovations that emerge out of developing country contexts, whose global adoption reverse the accepted convention of North-South technology transfer.