New Zealand Management

Articles from Vol. 54, No. 4, May

Attaining Information Nirvana: The Current Dynamic M&A Market Poses Some Specific Challenges for Ongoing Good Governance
NEW Zealand's mergers and acquisitions scene has recently been dominated by a number of high value transactions often completed in short timeframes involving offshore private equity buyers. Such sales have generally been conducted through a competitive...
Best of Breed
AS with so many aspects of business life, a deciding factor in the success or failure of governance rests with its people. Good governance, as I see it, boils down to having the right person in the right role at the right time. A softer subset of contributing...
Bye Bye Bullies: How to Get People to Want to Work Conflict, Fault-Finding and Rights-Based Hierarchical Structures Are Unproductive. Such Tedious Bully Tactics No Longer Cut It
There is a growing awareness of transformative, as opposed to transactional, leadership and of the importance of relationships in the workplace. Indeed, research has demonstrated that people who spend time laughing with colleagues around the water...
Carrot or Stick? Sweetener or Bitter Pill? Now That the Government Has Enshrined Environmental Sustainability in the New Zealand Lexicon, Business Wants to Know Just How the Politicians Will Attempt to Get Them Onside in Their Latest Bid to 'Green' the Economy
It's a matter of record now that the Labour-led government wants us all to be carbon-neutral in our economy and our way of life. To underline that it means business, as the Department of Internal Affairs' VIP car fleet is replaced, vehicles that are...
Closing the Intelligence Gap
Dilbert jokes underline serious business issues in the mind of Gary Cokins. For if Cokins had his way business would be a lot less muddly than it typically is. Cokins is global product marketing manager--performance management for the SAS Institute...
Comment on Leadership
While it is possible to easily recognise a leader, it is much harder to articulate what a leader is. They are, of course, someone with clarity in their vision and a passionate commitment to that vision that inspires others to want to be a part of their...
Far from Acceptable: When Audit Committees Don't Stack Up: What's Wrong with Practices Surrounding Audit Committees in This Country? Plenty, According to New Research from Auckland University of Technology's Centre for Corporate Governance
AN independent audit committee plays a critical role in assuring stakeholders that the information they rely on for informed decision making is of sufficient quality. And while external independent auditors attest to the financial reports, these auditors...
Fighting Fit: Aligning IT & Business Strategy Take Away Information Technology and Most Businesses Come to a Grinding Halt. Why, Then, Do Some Managers Still Treat IT as a Department? Vikki Bland Investigates the Importance of Aligning IT and Business Strategies
Each year, a New Zealand media organisation publishes the MIS Top 100, a 'state of the nation' overview of information technology and IT management procedures in the country's largest organisations. And each year IT managers and chief information officers...
Full Speed Ahead
Ten years on, a vision articulated by world-leading CEOs has in many ways been realised. International consultancy PricewaterhouseCoopers (PWC) has been checking in with global CEOs since 1998 when their collective vision for the future embraced a...
Growth by Design: The Actronic Story Having Engineered Its Way into a Leading Global Role in Its Niche Market, Auckland-Based Actronic Is Now Busy Redesigning Its Own Mindset. Why Does the Company No Longer Just See Itself as a Kiwi Exporter and What Is Its Recipe for Growth?
Actronic has already made the grade as a successful Kiwi exporter. Its hydraulic weighing equipment is a market leader in major overseas markets; around 95 percent of its income is derived offshore and in the past four years its annual revenue has...
Knocking Down Doors
Do you like John Key's new suit? Have you seen what George Bush has been wearing lately? Thought not. So it's a sad state of affairs when the only letter to the Dominion Post in response to a story on Prime Minister Helen Clark's meeting with US Secretary...
Licence to Bill: Protecting Company Know-How: Directors Are Charged with Effective Governance to Ensure Freedom to Operate and Maximised Asset Value Contribution. but When It Comes to Intellectual Property, Which Factors Influence Freedom to Operate? and How Can Directors Deal with Infringement Risk? Frik De Beer Provides the Answers
TOO hard? Awaste of time and money? Directors who avoid intellectual property (IP) issues sometimes discover the hard way that neglected IP will always end up at board level. That's because performance will be affected by the resulting limitations...
Management's Changing World: Senior Managers Are Changing. Improving Their Personal Performance and the Performance of the People They Lead Will, by 2020, Be Part of Their Core Agenda, Says NZIM National Chief Executive David Chapman
Given ongoing labour shortages, managing and improving the performance of people in future will demand the same levels of attention and rigour that financial processes do today, David Chapman told an Institute of Professional Engineers New Zealand...
Managers Abroad: John Nicol: CEO, Acron Capability Engineering, Ottawa, Canada
What prompted you to seek work out of New Zealand? While I was peace keeping with the New Zealand Army, I met my now Canadian wife while she was on holiday in Israel. I left the army and moved to Canada after the mission. Can you provide a sketch...
Michael Ahie: Unlocking Trapped Talent Michael Ahie Is Waging a Commercial and Cultural Crusade to Unleash Maori Economic Potential. Get This One Sorted, He Believes, and the Benefits Will Cascade throughout the Land
You could say that meshing stuff together is an Ahie trademark. Born into a blended Maori/European family, he rocked off to business school, scaled the traditional corporate ladder and then sat down for a bit of a think. Among other things, he now...
Michael Boyd-Clark on Mentoring
Forty-five percent of the respondents to a recent survey on NZIM's Northern Region mentoring programme were not sure about mentoring. Why? The survey showed clearly that lack of information is the major inhibitor. Members suggested they are hesitant...
One + One = Three
No, don't use the figures from Statistics New Zealand when measuring agriculture's contribution to GDP, your columnist was urged by the executive director of Meat and Wool New Zealand's Economic Service, Rob Davison. They are limited to measuring on-farm...
Planning for a Carbon Constrained Future
By now you will have put in your submissions on the Government's five draft strategy documents about a sustainable economy. You will know your carbon footprint and be working on how to reduce it short term. Your strategy group is working on the long-term...
Private Equity Public Interest: Why All the Recent Hype about Private Equity? What Does It Mean for the New Zealand Economy? and Should More Managers Get Used to the Idea They May End Up Working for a Less Transparent Ownership Group?
For all the rigour behind the figures, private equity is an emotive and divisive issue. Detractors liken it to a plague of locusts and capitalism on steroids. It's a pump and dump mechanism, which extracts value before shovelling the shrivelled remains...
Renewal
One of the joys of management is its constant sense of renewal and reinvigoration. Even after 52 years of reporting on this stuff, here on the magazine we are constantly discovering new ways to view the world. Take, for example, a small pamphlet from...
Resolving the Icarus Paradox: Effective Governance for Start-Up Companies
AS organisations evolve through their life cycle they have differing governance requirements. A board should be structured to reflect competencies required by the company's strategic circumstances. The challenge of governance in start-ups is to balance...
Round Pegs in Round Holes: How to Match Directors to Organisations Is a Perennial Problem. A New Service Has Some Answers
GOVERNANCE is a curious topic in New Zealand. We see directors fail to instil an organisation-wide culture of 'good business' in rugby teams, health boards and carpet makers. Yet when directors do take action they are challenged by the popular media...
So Far Yet So Close
The New Zealand, Institute's latest discussion paper' So far yet so close: connecting New Zealand to the global economy" provides a timely reality check of New Zealand's global competitive positioning and ability to lift our game in terms of participation...
Telling Tales at Work: The Low-Down on Gossip Though Typically Overlooked, Marginalised and Erased from the Official Record, Tales Told in the Workplaced Can Help Build a Productive Workplace Environment. Recent Research Shows That a Story Can Serve a Variety of Work-Related Purposes
In the familiar array of team-building techniques known to most managers --the Monday morning sports conversations, the recognition of anniversaries of appointments - there should also be room for workplace stories. Peg: Smithy disgraced himself...
Turning Spending into Investment
When is spending an investment? When it builds up capital stock and generates a return. Can the Government think that way? It can in the narrow sense of how the super fund is managed and to a small extent in financing infrastructure. But what about...
Valued Added: How Directors Can Rise to the Challenges of Private Equity
OVER the past few weeks we have seen Coles' potential disposal to private equity players in Australia, TXU sold in the largest private equity deal in the United States, private equity circling J Sainsbury in England and Telecom selling Yellow Pages...
Who Drives the Corporate Conscience?
RUNNING a company has always been a balancing act. Board and management juggle the sometimes conflicting demands of shareholders, customers, employees, suppliers and communities. Now it's even more tricky. Companies are under increasing scrutiny, not...
Why Teams Don't Gel
Q The team I manage isn't cohesive enough, t spend a lot of my time on issues between team members rather than with what we are really here for, It's not helping anyone. A There are many reasons why teams don't gel. Firstly--and I know you may not...
Yawning Chasms
Application developers have a tricky job. Ensuring sufficient input from the users of the application is critical. But sometimes users don't know what to ask for. They are used to things being done a certain way because that's how they've always been...