New Zealand Management

Articles from Vol. 52, No. 7, August

Advice on Advice
Q I have been approached by a number of consulting organisations offering a personal coach while other groups have offered to hook me up with a mentor. Is there added value for me in doing this and how do I choose between a coach and a mentor? I have...
All Carrot No Stick: Inspirational Incentives
Gone are the days when a Christmas bonus meant patting a mate on the back and handing over a tin of biscuits. Companies wanting employees to perform their best, and come up with creative solutions to exceed goals need to treat them well. These days,...
Blake Leadership Medal Goes To
They're a large and possibly sea-filled pair of boots to step into but the late Sir Peter Blake's legacy of leadership was last month conferred on someone judged as another outstanding New Zealand leader. Sir John Anderson--CEO of the ANZ/National...
Boardroom Dynamics: Things Are Changing: Slowly but Surely the Boardroom Is Becoming a More Diverse Environment. and with the Change in the Composition of Boards Comes a Different and More Challenging People Dynamic. but Is This Altering the Quality of Boardroom Debate and Decision Making?
The boardroom is not quite the place it used to be. Gone, it seems, are the days when the "old boy" network made key board decisions even before the chairman of the board called the meeting to order. The net effect of this changing dynamic is, according...
Boxing On-Tools to Pool
As organisations work towards sharing learning inhouse and with external partners and clients, the role of videoconferencing, presentation and conference technologies is undergoing significant change. Technological advances are transforming the black...
Caring Shareholders Can (Also) Add Value: I Wrote in the Director in November Last Year about How 'Caring Directors Can Add Value' to an Enterprise. There Is, However, an Important Related Theme: How 'Caring Shareholders Can Add Value'
Shareholders. after all. are the owners and directors are merely their agents--stewards of shareholder property--and much of what has been done in the name of corporate governance is implicitly for the benefit of shareholders. So, an interesting question...
Coming Up
August start Managerial excellence Contact Suzanna Rangi, 0-9-303 9102, enquiries@nzim.co.nz or www.nzim.net.nz August 1-2 How to transform your organisational culture. University of Auckland Business School. Contact:...
Competently Chosen?
Individuals are, it seems, too often promoted to management and leadership positions not because they are trained for the job, but because they are technically competent at tasks for which they were originally employed. That, at least, is the finding...
Do Ethics Mean Earnings?
Do socially responsible companies make more money? We like to think they do. We like to think accountability impacts on the bottom line, that consumers warm towards companies that take an ethical stand on their communities, their environment, their...
Flooring the Critics: Bumper Growth in Space Race: Pouring Money into Workplace Aesthetics Such as Floorplans, Colour Schemes and Mood Lighting May Impress Visitors, but Does It Help Hard-Pressed Companies Retain Key Staff? More Importantly, Is It Good for the Financial Bottom Line?
When Vodafone finance director avid Sullivan sets off for work e may choose to kayak. He may never make it past the airy plastic chilli-filled lobby of the new downtown Auckland headquarters. Or he may recline on the company's green beanbags, slither...
Geoff Vazey: Berth Control: After Nine Years Running the Ports of Auckland as a Listed Company, Chief Executive Geoff Vazey Is about to Steer the Organisation into the Turbulent Waters of Full Public Ownership. He Talks with Management about Running the "Pretty Special Geographical Patch" That Is the Ports of Auckland
I'm not sure Geoff Vazey has been fully briefed on who to expect. When I stand in the Ports of Auckland reception area--a sole woman among the men--he doesn't seem to be able to find me. Recovering nicely when I move forward and introduce myself as...
Growing Managers
When earlier this year Fortune magazine brought out an issue passing on the years of wisdom of some of America's top corporate minds, we knew we had to do something similar here in New Zealand. For, as we knew, the boardrooms of New Zealand are packed...
History Waits in the Wings
Political parties always like to think they are on the right side of history, that they are the future. Many don't succeed. Some do find a market for the wrong side of history. The Alliance nudged 30 percent in polls at times after 1993 by giving voice...
How Best to Manage: The Great Merger Munch: In the World of Enterprise Software, the Merger between Oracle and PeopleSoft Is a Biggie. How Is Oracle Digesting Its US$10.3 Billion Meal and What Is Its Recipe for Successfully Fusing Two Distinctive Organisational Cultures?
One of the dangers of growth by merger is the corporate equivalent of indigestion. You may have eaten too much or the meal content doesn't agree with you. The result is a sluggish system that becomes too internally focused and loses both momentum and...
In Andersen's Wake: How PWC Governs Its Partnership
The demise of global accounting firm Arthur Andersen proved the point. Even the biggest professional services firms live and die by their reputation. The need to be seen as squeaky clean is creating a fundamentally different corporate governance model...
Laying Down the Lore: Learnings and Legacies from * Kevin Roberts * Roderick Deane * Ralph Norris * Jo Brosnahan * Gil Simpsom * Joan Withers & Others
It's hard to imagine some of today's Business leaders as callow youths. Did they lie awake at night worrying If they could do their jobs? Did they tiptoe tentatively through the mass of daily decisions before learning to trust their instincts? We asked...
Legislation in Limbo
You can think of the select committee process as the conveyor belt that carries legislation from inception to completion. At any given time a host of new bills will be shunting their way forward, having gizmos added or subtracted, waiting for the day...
Management Cadets: NZIM Levers School Leavers: Expect to See the Launch of a New Hands-On Management Programmed for Young People Next Year. What Are Its Objectives and How Can Organizations Become Involved?
The New Zealand Institute of Management plans to introduce a school leavers management cadetship programme next year. Businesses that join the scheme will offer a year's paid work experience to students entering the job market and who have completed...
Manufacturing Blueprint Needed
A blueprint that encompasses everything from fire helmets to dishwashers sounds like a big ask--but New Zealand's manufacturers have come up with a policy wishlist they think will improve the whole sector's future health. More money going into transport...
Maori Governance: Meeting the Cultural Challenge
How much of the outcome of best practice corporate governance should be fashioned by the process, and how much of the process should include 'things Maori'? The answers aren't always easy to find but an increasing number of Maori organisations are...
Pay Catch-Up: Closing the Tasman Gap
When it comes to remuneration, New Zealand directors seem to be playing catch-up with their Australian counterparts. That is one of the key findings of an important new survey of the state of director remuneration, governance issues and director attitudes...
Please Re-Lease Me Let Me Grow: It's the Character of Contracting: Contractors Have Always Had to Be Go-Getters-Now They're Also Grow-Getters as Executive Leasing Is Increasingly Seen as a Career Elevator. Why the Change-And How Is It Affecting the Characteristic Contractor Profile?
Contracting used to be a career option for either the daring or the desperate--its lack of security and fluctuating demand meant it was not for the faint-hearted or financially insecure. While it still lacks the protection of permanent employ, changing...
Ronald Heifetz: The Challenge of Adaptive Leadership
Few people know more than Ronald Heifetz about the perils and pitfalls of leading work that requires people to change their values, priorities or ways of doing business. Now internationally recognised for his seminal work on the practice and teaching...
The Accidental Organisation: Lessons from the Transport Sector: Is Your Organisation a Pathological, Bureaucratic or Generative One? and What Does This Mean for Its Ability to Learn from Mistakes or Accidents and Prevent Similar Recurrences? Transport Accident Investigation Models Could Well Offer Useful Tools to the Development and Future Success of Many Organisations
Sometimes the most significant human error in the transport system can be the continuing failure by people to apply effectively and efficiently the bitter lessons of past mishaps in order to prevent future accidents. According to James Reason, an...
The Maori Challenge
What does being Maori mean when it comes to best practice corporate governance? After all, the rules of good governance--like honesty, integrity and accountability--are colour blind. But are there other, culture-based aspects of being Maori, or even...
Toothless Tiger: All Roar and No Bite: When It Comes to Policing Corporate Governance, New Zealand's Regime Lacks Teeth. John Farrar Compares Local and Overseas Systems and Finds Considerable Room for Improvement at Home
New Zealand's corporate governance systems lag behind those of comparable countries. The result? Loss of investor confidence and a too-high tolerance of unfit directors. Corporate governance is an increasingly complex amalgam of legal and self-regulation....
Whether Fair or Foul
Two contrasting outlooks emerged from forecasters in Wellington early in July. At Westpac on Lambton Quay, chief economist Brendan O'Donovan and his team peered into the crystal balls and saw trouble in the mists. Within spitting distance (on a windy...
"Working with Action Has Seen Our Sales Revenue Increase by 100% ..."
Three years after working with an Action International Coach, technology consultants firm, Digital Arena, has increased its sales revenue by 100%--and that's before venturing out into any new markets. "We thought we had done a fair bit in the Auckland...
You Have Updates
In case you've ever doubted the necessity for software updates, try installing It an old anti-virus or spam-blocking program and see how ineffective it is. Your computer will be zapped by squadrons of pop-ups and system-draining nasties in the blink...