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

Aviation is soaring. Passenger traffic is up, fuel prices are under control and rising demand from Asia is driving aircraft orders.So what could possibly go wrong? One big thing: A trade war.Aircraft makers at...

THERE is consensus among several business leaders that road improvements — completed or being carried out across sections of Kingston, St Andrew, St Catherine and other areas — will serve to boost workforce productivity by significantly reducing travel time.

A Canadian company is the first marijuana business to complete an initial public offering (IPO) on a major United States stock exchange, raising US$153 million to expand its operations as Canada prepares...

The two things that stand out most about Spirit Airlines are its low fares and high number of complaints.Spirit has improved on-time performance and cut its complaint rate by more than half in the...

Outside, the temperatures may have been hitting the mid-30s, but that was no obstacle for patrons attending Christmas in July inside the air conditioned Jamaica Pegasus in New Kingston yesterday.Some 118 local producers from across the island showcased their authentic Jamaican gift and souvenir items, while networking with corporate entities and various industry players at 'Christmas in July'.

BASSETERRE, St Kitts (CMC) — St Kitts and Nevis has reached a milestone as the federation welcomed its millionth cruise ship passenger on Monday.St Kitts Tourism Authority and Ministry of Tourism said this now gives the island marquee port status for the first time in its history.“I am deeply gratified to welcome over one million cruise passengers to our shores as of today,” said Tourism Minister Lindsay Grant.

Food and financial services conglomerate GraceKennedy Limited has cut 70 employees from its payroll under a phased restructuring of the group that was first disclosed in May.Saying that it was...

In a battle among media giants for control of Twenty-First Century Fox's entertainment business, Comcast has blinked.The cable and media company said on Thursday that it is dropping its bid,...

Jamaica exploring diaspora bondto finance disaster recoveryThe World Bank recommended in a new report released this week that the Jamaican Government explore the diaspora and catastrophe bond markets as a disaster risk financing strategy.But it also...

Cash and jewellery seized from Jamaican Lavrick Willocks, accused of masterminding a large lottery scam in the United States, will be liquidated and the proceeds doled out to victims under a federal judge's...

From Harvard Business Review

Martin Konopka/EyeEm/Getty Images The use of virtual file-sharing platforms like Dropbox, Google Docs, and others has become ubiquitous in business, academic, and other settings. But is your team using such collaborative platforms as effectively as they could be? Whether working on cancer cures or the latest consumer-tech products, how teams collaborate affects their...
Oliver Burston/Getty Images While overall adoption of artificial intelligence remains low among businesses (about 20% upon our last study), senior executives know that AI isn’t just hype. Organizations across sectors are looking closely at the technology to see what it can do for their business.
Jan Stromme/Getty Images CEOs are known for their confidence. It is, after all, one of the reasons they’ve made it to the top.
Classen Rafael/EyeEm/Getty Images Despite good intentions—and widespread acceptance of the importance of innovation—efforts to innovate at large companies often lack a clear mission and framework, and as a result, they go off the rails. At one large European energy company we consulted with, no less than four separate corporate functions were supposed to be working on...
Klaus Vedfelt/Getty Images No, it’s not just you. If you’ve ever doubted that you had your boss’s full attention while her laptop is open in front of her, stop doubting. In spite of her protests that “I’m listening, go ahead…,” she wasn’t. Decades ago, research settled the question of whether you and I can do two things at once. We can’t. But emerging research shows that...

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.