Jul/Sept 2018 Articles


Unleashing the power of the stock market will drive wealth creation by funding ventures that local banks are not inclined to support adequately.

 


Economic transformation requires shared national vision and leadership from all sectors and institutions regardless of which party holds the reins of power.


This article discusses the business models of two mutual firms in Jamaica with a view towards answering one critical question: What strategy should Jamaican mutual firms adopt to avert or reverse declining financial health? Observations span a period of nine years to obtain a long-term picture of financial performance. The firms examined are the Community & Workers of Jamaica Cooperative Credit Union Ltd. (C&WJ) and the Jamaica National Building Society (JNBS).


The IDB says crime and corruption cost the Jamaican economy some four percent of GDP so any talk about serious economic growth must address this issue squarely.


The vision of economic independence is not unattainable. Jamaica, over the last decade, has made some strong structural, fiscal and monetary transformation towards building a stronger and more resilient economic system.

 


Substantial funding is available for social enterprises but many of them are not cashing in because they lack the capacity to absorb and use the funds properly.


For some time now traditional financial institutions have been facing disruptions in their business model as new technologies facilitate major changes in customer perceptions and expectations. How are the banks responding?


Business executives increasingly consider information to be one of their most important competitive weapons, but few organisations have any sense of the value of their Data & Information assets.

Local Business News

Energy storage, distributed energy, renewables and electric vehicles powered by a smart grid are among the main disruptive trends in the global energy sector. Advances in technology and a global call to preserve the environment, combined with consumer demand for more reliable, better quality, lower cost energy, are the forces driving the acceleration of these trends. Utilities globally are responding to, and proactively preparing for new opportunities and challenges provided by the...

SAGICOR Group Jamaica copped major prizes at the recent American Chamber of Commerce (AMCHAM) Jamaica Business and Civic Leadership Awards ceremony at the Jamaica Pegasus hotel in Kingston.Sagicor walked away with the first-place prize for Excellence in Corporate Social Responsibility, while the charitable arm of the group, Sagicor Foundation, was announced as the winners for Excellence in Civic Leadership.

LONDON (AP):British Prime Minister Theresa May won support for her beleaguered Brexit deal Friday from key politicians and business groups, but she remained besieged by internal party opponents determined to oust her.In a tumultuous week, May finally...

Today's article was sparked by two pieces by Gleaner reporter Livern Barrett. The first was published on November 10. It was titled: 'Lawmakers want Gov't to examine certain practices in insurance companies.' Government and the Opposition, it read,...

It is hard to avoid the conclusion that the United Kingdom, a once clear-minded and largely unified nation, is engaged in a process of self-harm over the issue of Brexit.So great have the irreconcilable political divisions become, that potentially...

Why do managers sometimes flounder when they become executives? One reason: their new role requires them to create a corporate strategy. It's a task for which they have never been trained.The tale has often been told of the just-promoted manager who...

Five years ago, a Jamaican-born United States citizen, Tyra Channer, received news that her mother had experienced a stroke. The stroke, fortunately, was not severe enough to cost her mother's life but a long period of rehabilitation would be needed for her return to health. So Channer set about looking for a nursing home in the Montego Bay area to facilitate her mother's recovery.

Chief executive officer of the Jamaica National Group, Earl Jarrett, has indicated that the group will be tapping diaspora markets for a growth fillip in 2019."We will be further focusing on leveraging our relationship with our diaspora in the...

JSE WEEKLY MARKET SUMMARYNovember 16, 2018In Friday 's trading session the following reflect the movement of the JSE Indices: -ï The JSE Index declined by 1,500.36 points ( 0.42 %) to close at 354,287.88.ï The JSE All Jamaican Composite Index...

Local production house ListenMi Caribbean will start production on an animated version of the 1980s sitcom Lime Tree Lane and is set to employ more than 20 persons to work on the series.The production house won't say whether they will draw on...

From Harvard Business Review

The devastating opioid epidemic in the U.S. is a crisis that was created, in part, by healthcare itself as prescriptions for pain-relieving medications rapidly increased in the 2000s. Now, healthcare is at the forefront in trying to fix the problem. At Geisinger, a healthcare system serving more than 1.5 million patients in Pennsylvania and New Jersey, where we work, we...
Andrew Brookes/Getty Images Throughout the global economy, big companies are getting bigger. They’re more productive, more profitable, more innovative, and they pay better. The people lucky enough to work at these companies are doing relatively well. Those who work for the competition aren’t. Policymakers have noticed. Antitrust and competition policy are seeing renewed...
JUSTIN TALLIS/Getty Images In 2008, I was designing advertising products at Google. For the first time in my young career, I was going to lots of meetings, and my job had become as much about convincing, cajoling, and coordinating as it was about designing. My manager told me about a team that was working on the Google Help Forum. They needed a designer, and he thought...
Carol Yepes/Getty Images Sure, everyone wants to be happy. But what kind of happiness do people want? Is it happiness experienced moment-to-moment? Or is it being able to look back and remember a time as happy? Nobel Prize winner Daniel Kahneman described this distinction as “being happy in your life” versus “being happy about your life.”  Take a moment to ask yourself,...
John Rizzo/Getty Images Discounts and promotions are at an all-time high, often comprising the single-biggest cost within many retailers’ P&Ls. Yet despite these high stakes, and the growing adoption of sophisticated analytics, many retailers continue to take a broad-brush approach to running promotions that results in missed sales and profits. The most common...

Executive Insights

September 22, 2017

This has been an unprecedented 2 weeks in our Region. Three major hurricanes reaching Category 4 and 5; two major earthquakes at over 7.1 on the Richter Scale; do not represent any previous fortnight ever, and unfortunately may hereafter represent a new standard of perils. We are entering a time of that is unusual and climatic conditions that may have reached the “Tipping Point” of no return.

September 4, 2017

On August 30, 2017 The Mona School of Business and Management hosted a very successful Public Forum entitled “The Business of Medical Marijuana: profit or loss?” The speakers at the Forum highlighted and discussed several critical and relevant issues that went far beyond the usual “smoking issues”. The Forum can be viewed on the YouTube site of MSBM.

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.

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.

Blogs

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.