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

Saudi Arabia's sovereign wealth fund would be the main source of money for Tesla CEO Elon Musk's grand plan to take the company private, but the deal isn't done yet, Musk disclosed in a blog on Monday.The fund approached Musk about going private...

MONTEGO BAY, St James — Tourism Minister Edmund Bartlett is calling on all players in the hospitality sector to make a paradigm shift in some of their operations in order to remain relevant in the competitive, evolving, global, multi-trillion dollar industry.

ISTANBUL, Turkey (AFP) — Turkey's lira has bled value against the dollar, leaving the country under President Recep Tayyip Erdogan facing its most serious economic challenge since a financial crisis in 2001.The crash on Turkey's “Black Friday” of August 10 — when the lira fell by some 16 per cent — was precipitated by a tweet from US President Donald Trump doubling aluminium and steel tariffs on Turkey.

Dear Claudienne,Could you get a clarification for me about child support?If a child is living in the United States illegally, can the father who is living in Jamaica be liable through the court in Jamaica for maintenance of that said child?HC Dear HC,You gave no details that would explain why you said the child was in the US illegally.

Derrimon Trading Company Limited has announced its entry into a definitive agreement to purchase the entire shareholding of Woodcats International Limited.Financing has been arranged by Mayberry Investments Limited and the transaction is expected to close within 30 days.

Flow Jamaica managed to offset losses for parent company Cable & Wireless Communications Limited (C&W) from its upgrades and product enhancements such as 'Flow Evo' for the second quarter of C&W's 2018 financial year.

WHEN the owners of Deaf Can! Coffee were approached by the Jamaica National Foundation in 2016 to join its Social Enterprise Boost Initiative (SEBI), they had one major concern — they did not know how to run a business.Fast-forward almost two years and numerous training sessions later, Deaf Can! Coffee, through the SEBI, is doing much better financially.

Caribbean digital and print advertiser Yello Media Group has announced that it is now a proud sponsor of this year's Caribbean Premier League (CPL) T20.The sponsorship follows an announcement made earlier this year that both brands had entered into a three-year partnership designed to create community support, commerce, and engagement through cricket.

Spurred by the success of an Easter bun and cheese campaign on its e-commerce platform this year, National Baking Company has now rolled out six new bundles offering a range of Jamaican products that are not easily found in the United States.

WELLINGTON, New Zealand (AP) — New Zealand announced Friday it will ban disposable plastic shopping bags by next July as the nation tries to live up to its clean-and-green image.Prime Minister Jacinda Ardern said New Zealanders use hundreds of millions of the bags each year and that some of them end up polluting precious coastal and marine waterways.

From Harvard Business Review

pbombaert/Getty Images Are you successful at coaching your employees? In our years studying and working with companies on this topic, we’ve observed that when many executives say “yes,” they’re incorrectly answering the question. Why? For one, managers tend to think they’re coaching when they’re actually just telling their employees what to do — and this behavior is often...
jakob owens/unsplash Netflix has a lot to gain by becoming a multisided platform. Currently, Netflix is in the business of buying or making content, which it sells consumers access to at prices and on terms it fully controls (a monthly subscription). That’s unlike a platform such as YouTube, which enables myriad content providers to sell directly to users at prices they...
Paul Taylor/Getty Images The big question around self-driving cars, for many people, is: When will the technology be ready? In other words, when will autonomous vehicles be safe enough to operate on their own? But there has been far less attention paid to two equally important questions: When will the driving environment be ready to accommodate self-driving cars? And...
Paper Boat Creative/Getty Images Many leading American digital firms, including Google, Amazon, eBay, and Uber, have successfully expanded internationally by introducing their products, services, and platforms in other countries. However, they have all failed in China, the world’s largest digital market. The widely touted reasons for these failures include censorship by...
Doug Perrine/Nature Picture Library/Getty Images There are lots of compelling reasons to build a better team. Great teams deliver stronger results, faster. They’re more innovative. They challenge you to learn more quickly and to be at your best.  And, let’s face it — they’re simply more fun to work with. Recently, I found a new reason to build a better team — to address...

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.