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

MONTEGO BAY, St James — Anticipation is high among business interests that the newly opened Usain Bolt's Tracks & Records (UBT&R) location in Montego Bay will add life to the entertainment scene along Gloucester Avenue, popularly known as the 'Hip Strip'.UBT&R Montego Bay is operated by prominent businessman Chris Issa, and is the KLE Group's second local franchise arrangement for the brand, increasing the chain to three locations.

ABUJA, Nigeria (AFP) — Former British prime minister David Cameron two years ago was caught talking about an anti-corruption summit and calling Nigeria “fantastically corrupt”. But meanwhile, his country ranks among the top destinations for stolen assets from African countries.

Jamaica's Minister of Tourism Edmund Bartlett says there is a need for greater support of small and medium-sized tourism enterprises (SMTEs), in order to ensure the growth and sustainability of the industry.Bartlett told the G20 Tourism Ministerial Summit that Jamaica is in the process of organising a summit on SMTEs and the Sustainable Development Goals (SGDs), the details of which will be announced in the coming weeks.

Noting that credit unions in Canada are providing the medical cannabis industry with financial support, Minister of Industry, Commerce, Agriculture and Fisheries Audley Shaw has said credit unions in Jamaica might have to follow suit.“I am saying that the credit unions are involved in banking of cannabis in Canada and I am saying to you, you might very well have to be part of that process here,” Shaw said.

 The three-day visionaries' summit, themed Inclusive Capitalism: Shifting Business Virtues Beyond Profit to Greater Impact, culminated Saturday last, in a four-couse dinner created by the Terra Nova All-Suite Hotel's award-winning culinary team of the Regency Room. In between forkfuls of filet mignon and sips of Betco Premier Ltd wines, deals, friendships and bonds were formed.Wednesday Business Social spreads a napkin.    

Business luminaries joined curator Kirk-Anthony Hamilton for the Destination Experience: Masters of i ndustry reception Friday last, against the backdrop of a Tai Flora Luxe-designed setting at the Cabana — Spanish Court h otel. The innovative platform of social discovery experiences designed to connect business leaders with a dynamic network of ideas, people and opportunities, treated guests to a...

The Jamaican economy grew by an estimated 1.2 per cent for the January to March 2018 quarter compared to the corresponding quarter of 2017, according to latest data from the Planning Institute of Jamaica (PIOJ).

SAO PAULO, Brazil (AFP) — At home with her student daughter in their central Sao Paulo apartment, Rosangela Gomes de Melo hardly resembles a squatter.But for Gomes de Melo and tens of thousands of people in Brazil's biggest, richest city, illegally occupying disused buildings is the only way to live.

  The New York Stock Exchange for the first time in its 226-year history will be led by a woman. Stacey Cunningham, who started her career as a floor clerk on the NYSE trading floor, will become the 67th president of the Big Board. That means...

GIBRALTAR, United Kingdom (AFP) — British online betting company bet365 said Monday it plans to expand in Malta, but vowed to keep its “strong presence” in Gibraltar where it is based, amid concerns Brexit could cause on exodus of gaming firms from the territory.

From Harvard Business Review

bloomberg/Getty Images President Emmanuel Macron together with many Silicon Valley CEOs will kick off the VivaTech conference in Paris this week with the aim of showcasing the “good” side of technology. Our research highlights some of those benefits, especially the productivity growth and performance gains that automation and artificial intelligence can bring to the...
Lance Grandahl/Unsplash The term “acqui-hire” is a nifty neologism that enjoys the virtue of being well-defined in M&A circles while suffering the vice of being misunderstood. Ostensibly, young companies are “acqui-hired” more for their best people than for any real interest in their products, services, or ongoing operations.
Dorling Kindersley/Getty Images Diversity means different things to different people. In a study of 180 Spanish corporate managers, we explored perceptions of diversity and found that depending on who is answering, diversity usually means one of three things: demographic diversity (our gender, race, sexual orientation, and so on), experiential diversity (our affinities,...
ANTTI AIMO-KOIVISTO/Stringer /Getty Images How do emotions shape strategy making? We investigated this topic when we studied how Nokia executives dealt with the company’s severe strategic challenges between 2007 and 2013. As part of this research, we conducted 120 interviews, including nine with board members and 19 with top managers. Recall that Nokia dominated the...
Kittiyut Phornphibul/EyeEm/Getty Images It’s possible to fake emotional intelligence. Similar to knockoffs of luxury watches or handbags, there are emotions and actions that look like the real thing but really aren’t. With the best of intentions, I’ve seen smart leaders charge into sensitive interactions armed with what they believed was a combination of deep empathy,...

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.

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.