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

Operator of fast food chains KFC and Pizza Hut, Restaurants of Jamaica (ROJ) has opened its 36th KFC location on Market Street in Falmouth, Trelawny.The grand opening of the first KFC in the parish on Saturday marks the first of five additional restaurants KFC will open across Jamaica next year.

Malaysia filed criminal charges against Goldman Sachs and two former executives on Monday for their role in the alleged multibillion-dollar ransacking of state investment fund 1MDB.Attorney General Tommy Thomas said that the government is seeking...

New York , United States (AFP) — Wall Street crumbled again on Monday while other global stocks mostly fell, as a wave of bad feeling about economic growth swept over investors.

WASHINGTON, United States (AFP) — Apple unveiled plans Thursday for a US$1-billion campus in Texas that will create jobs for the tech giant outside Silicon Valley, a move made without the fanfare of the recent Amazon headquarters bidding war.

THE Branson Centre of Entrepreneurship – Caribbean launched the premier Branson Centre Summit recently at the Spanish Court Hotel under the theme 'Building a multimillion-dollar business'.As the leading non-profit accelerator in the region for scaling businesses, the event was a platform to showcase the Caribbean as a leader in the entrepreneurship space and put the spotlight on the importance of building a global brand.

Dear Claudienne In September 2018, my friend who lives in Canada, bought a Samsung A8 mobile phone as a gift for me and sent it out from a UPS store in Canada via DHL Express.A DHL representative informed me that the shipment had reached and that Jamaica Customs fees would be 55 per cent of the C$600 cost of the phone.

CARLOS Fresco and Vishal Vaswani were both appointed as general managers with the Las Hotels and Resorts' Jamaican operations recently.

THE IMF has chosen Harvard Professor Gita Gopinath to succeed Maurice Obstfeld (who will be retiring at the end of this year) as its chief economist and Director of the IMF's Research Department.She begins her new role in January 2019.Gopinath who is 47 and married, was born in India and is a US citizen. She is the IMF's first female chief economist.

THE Government's investment promotion agency, JAMPRO, continues to secure investments for the country across various sectors.“Up to June of this year we have booked foreign direct investments (FDI) at US$166.7 million, while export sales stood at US$407.3 million, and the work doesn't stop there,” said JAMPRO Chairman Senator Don Wehby.He was making his contribution to the 2018 State of the Nation Debate in the Senate on Friday.

JMMB Group's Donna Duncan-Scott (left) and client Diana Hayman, manager at Hayman's Auto Supplies, are all smiles as they pose for a photo op following the recently held Paint. Sip.Cheers event hosted by JMMB's May Pen branch, which took place at The Verandah at the Juici Patties head office in Clarendon. The occasion was used to engage attendees in a discussion about financial planning and investment opportunities.

From Harvard Business Review

Yuji Sakai/Getty Images The furious reaction from China to the arrest of Huawei’s chief financial officer, Meng Wanzhou, in Canada at Washington’s request immediately raises the prospect of like-for-like retaliation against executives from North American companies, a fear reinforced by the arrests of a former Canadian diplomat-turned-NGO-researcher and a Canadian...
blackred/Getty Images The best salespeople know they’re the best. They take pride in their art form. They separate themselves from the rest of the pack regardless of circumstance. So how do they do it? What’s their secret? Are you one of them? I’ve spent 16 years in technology sales, with most of that spent in sales leadership at Salesforce and other technology companies...
Dimitri Otis/Getty Images Tesla and Space X CEO Elon Musk tweets that no one changed the world working 40 hours a week. He rarely sleeps or sees his kids and had a famously public meltdown. Apple’s Tim Cook is on email before the sun rises. And billionaire Mark Cuban worked until 2 am launching his first business and didn’t take a vacation for seven years. These intense...
Orbon Alija/Getty Images Companies are beginning to utilize their employees’ behavioral data — generally known as people analytics — to better understand and improve their sales operations, with strong results. Microsoft, where we work, is no exception, and B2B sales is one of the areas where we are seeing the most value.
TheCrimsonMonkey/Getty Images Bayer’s mission is “Science for a Better Life.” We want to enable discoveries to promote health and secure food supply. To achieve that goal, however, we must innovate not only in terms of science and R&D, but also in how we run our business. This means shifting the way we work so we’re able to match the pace of change happening in the...

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.