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

 Air conditioning and energy solution experts, CAC 2000 Limited, reported on Friday (June 14) a $40.76 million after-tax profit for the period ended April 30, 2019 (second quarter), despite disruptions from the road repairs along Marcus Garvey Drive in Kingston.

THE AC Marriott Kingston Hotel, which opened its doors to guests on Monday (June 17), is expected to fill the gap left by a shortage of rooms in the capital city, executive director of the Jamaica Hotel & Tourist Association (JHTA) Omar Robinson has said.

SSL Venture Capital Jamaica Limited's chief operating officer, Alanah Jones has resigned from the company effective May 31, 2019. It is still not known where Jones will now ply her trade.With the departure of Jones, SSL has appointed Kamille Martin as head of finance. That latter appointment became effective June 10, 2019.

Boeing executives apologised Monday to airlines and families of victims of 737 Max crashes in Indonesia and Ethiopia, as the American plane maker struggles to regain the trust of regulators, pilots and the global traveling public. Some victims’...

 Believe it or not, but the personal brand is no longer just how you see yourself or how others refer to you — your personal brand is now “what google says about you!” So, the big question is “What does Google say about you and your brand?” and “How do you start showing up in the right way in an online search?”

Community & Workers of Jamaica Co-operative Credit Union Limited, C&WJCCU, has inked an agreement with state agency Rural Agricultural Development Authority, RADA, to create a loan product that is to finance crop yields...

Cascade Group Jamaica, the developer of the Kingston 876 commercial complex, is sifting through potential investors for lots that are expected to be ready for delivery in August. Infrastructure works at the 94-acre complex, which sits at the...

IF you are interested in detailed information to help get into international business markets, there is no need to look much further than Professor Densil Williams' International Business Blunders: Lessons for Future Managers .The new book, which highlights detailed lessons for firms seeking to enter larger international markets, was launched on Wednesday, June 5, at Spanish Court Hotel, New Kingston.

SAN FRANCISCO (AP) — Facebook already rules daily communication for more than two billion people around the world. Now it wants its own currency too.The social network unveiled an ambitious plan yesterday to create a new digital currency similar to Bitcoin for global use, one that could drive more e-commerce on its services and boost ads on its platforms.

From Harvard Business Review

Choose productive behaviors over familiar ones.
It’s a wrap for Season 2, as Youngme, Felix, and Mihir head off on a summer hiatus. Note to listeners: After Hours will return for Season 3 in the fall.
Examples from Maersk, IBM, and TRIP.
Sustainability-marketed products are growing quickly in almost all CPG categories.
“All digital infrastructure is used to shape human behavior in the direction that will be successful in the marketplace,” says Shoshana Zuboff, whose latest book, “The Age of Surveillance Capitalism,” is a primer for understanding how technology companies are shaping our economy and society.

Executive Insights

October 9, 2018

Several conversations surrounding different aspects of climate change have been top of the news over the last week. These include: changing hurricane patterns; sea temperatures warming; overall global warming; earthquakes and powerful tsunamis; polar melts; coral reef destruction; dangers of extinction of certain species that are important to agriculture, among others.

June 12, 2018

In just one week and two airplane rides, the media, the speculators, the “expert” analysts, and the political spin doctors are up at full speed. Contradictions of opinions, historical precedencies, former diplomatic maneuvers, and fairly obscure academics are having their one minute soundbites that will give rise to yet another book.

June 8, 2018

Barbados has a historical reputation (similar to Jamaica) of punching above its fighting weight. Who can forget the famous telegram supporting Britain in the Second World War: “Go ahead, Barbados is behind you”, this as Britain declared war on Germany and Hitler’s 3rd Reich. It was more than a statement; it was an AUDACIOUS statement from “Bimshire”

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.