New Zealand Management

Articles from Vol. 55, No. 5, June

A Problem for Right Now
As policy makers in our main markets, catch up with public sentiment on the need to lower emissions, trying to avoid a global temperature rise of one to two degrees and its massive economic, social and environmental costs, the opportunities in the...
Biotech: A Testing Time for Governance? Mark Peart Takes a Look at the Do's and Don'ts of Governing High-Growth Biotech Companies
ANDREW Kelly is a firm believer in biotechnology companies using their directors to set strategic direction and their managers to carry that out. This might seem a fundamental premise for any company to operate by. However, according to Kelly, an executive...
Carbon Trading Quandaries
[ILLUSTRATION OMITTED] If experience in Europe is anything to go by, then the arguments already erupting around the complexity and costs of the New Zealand Government's proposed emissions trading scheme (ETS) are not unusual. The Europe Union...
Comment on Tangible Sponsorships
We are lucky in New Zealand. When charities seek support Kiwis usually dig deep, and international research shows we are a pretty generous bunch. But the not-for-profit sector is a crowded market place; competition for the charity dollar is strong...
Digital Strategy: Why Managers Should Care the Government's Digital Strategy Document Released in 2005 Met with Hardly a Murmur of Managerial Interest. Its Latest Iteration, Released in April, Should Not Meet with the Same Studied Executive Indifference Suggest David Chapman and Prashanta Mukherjee
Managers may be snowed under dealing with the tough realities of a slowing economy but they need to spend time engaging with the Government's recently released Draft Digital Strategy 2008 (www. digitalstrategy.govt.nz/digital-strategy-2). Why? Because...
Educating Our Future Managers: Preparing Well with Pressure Building from Both Government and Business, a New Broom of Learning Is Starting Its Sweep through New Zealand's Schools, and It Will Have Profound Implications for Management in This Country
[ILLUSTRATION OMITTED] The two Grey High School accounting students were expecting a straightforward stock take. After arriving at the base hospital in Greymouth, Sam McDonald and Sarah van-Looy (both 16) dressed in gowns and masks and were led...
Financial Literacy: Who Cares?
RECENTLY, financial literacy has gained the interest of several groups around the world including governments, bankers, employers, community groups and, of course, individuals planning for their future. This is also true locally where the New Zealand...
From Brain Injury to Winning Awards
Michael Wright can't tell you exactly why he fell off his bike and struck his head against the curb. But he can tell you what it was like to win New Zealand's top prize for credit and finance professionals. "I was gratified to have been nominated;...
Gain and Abel: Tackling the World's Software Giants: Reg Birchfield Tells the Story of an Auckland Company Which Believes Fully in What It Does
[ILLUSTRATION OMITTED] Strategy life cycles are shrinking," writes management guru Gary Hamel in his latest book, The End of Management. "... the more rapidly a business grows, the sooner it fulfils the promises of its original "business model,...
Happiness: Why Employers Should Care
Businesses should be seriously concerned about their employees' happiness if they want to grow and be innovative, says one of the world's leading psychologists. Professor Martin Seligman, the pioneer of positive psychology, told 150 people attending...
How's Your Peripheral Vision?
It isn't curiosity but the lack of it that can kill companies, according to visiting business author George Day. And as consultant to such corporations as GE, IBM, Marriott, Unilever and Boeing, the Professor of Marketing at Wharton Business School...
Judith Stanway: Public and Private: Bridging the Gap: Public and Private and Governance. It Is Possible to Do Both Successfully but There Are Sector Organisations Require Different Management Challenges
[ILLUSTRATION OMITTED] JUDITH Stanway is busy. Not because she is too busy being chair of BDO Spicers New Zealand, managing partner of BDO Spicers Rotorua and chair of the Rotorua Public Health Organisation ... she is spending the day with her grandchildren....
Just One Basket
YOU wouldn't put all your eggs in one basket would you? Or at least, if you did then you would be well aware, and no doubt often reminded, of the risk you were taking. Why then are we happy to take this approach when it comes to the make-up of the...
Lloyd Morrison: The Honourable Broker Making It on Merit: A Self-Described "Magpie for Quality", Lloyd Morrison Attributes Much of His Business Success to the "Extraordinary" People Who Work with Him. but the Founder of Morrison & Co and CEO of Utilities Investor Infratil Could Perhaps Take Some Kudos for Setting High Standards
It's interesting that one of the attributes to emerge when Infratil recently subjected its culture to a spot of self-analysis was that of being "honourable". Interesting not just because the word has a slightly old-fashioned ring when applied to a...
Make Small Great, Not Beautiful
Small is not necessarily beautiful. Maybe E F Schumacher was wrong back in 1973. Sure, New Zealand looks beautiful. Tourists come in millions to stare at the beauty, especially in the South Island. But the beauty they come for is in the landscape,...
Managing Change
Q I have recently had a performance review and have been asked to build my "change management" skills as it is likely we will embark on a change management programme next year, This is a very broad topic. Do you have some thoughts on what I should...
Managing Staff Who Deal with Angry and Aggressive Customers
Russell Crowe throws a phone at the concierge. Trevor Mallard has a punch-up. Road rage increases. Supermarket rage appears. Participants yell and scream on reality TV. People are increasingly stressed and expressing that more freely in business...
Mixing Family and Business
Gough, Gough & Hamer, which operates transport, machinery and engineering businesses in New Zealand and Australia recently appointed Ben Gough and Alex McKinnon to its board. Both are direct descendants of Tracy T Gough, who founded the company...
More Bang for Your Buck: A Two-Way Thing Companies and Governments around the World Are Spending More and More on Management Consultants. but Are They Getting What They Want and What Is the Local Experience?
[ILLUSTRATION OMITTED] Recent global research commissioned by Ernst & Young on the merits and virtuosity of management consultants offers a compelling yet bittersweet message for consultants and clients, depending on where you sit. Pollster...
New Zealand's Rising Global Competitiveness
New Zealand became more globally competitive over the past year--rising one place to 18 out of 55 on the world competitiveness scoreboard, according to the IMD World Competitiveness Yearbook. But we still trail Australia which has climbed five places...
Reporting Success for New Zealand Companies
For the fifth consecutive year Auckland's WaterCare Services has triumphed at the transTasman Sustainable Reporting Awards winning the 'Best Report in the Water Sector' in recognition of continual leadership in reporting among its peers. Vodafone...
Reviewing Directors' Fees
THE issue of directors' fees is interesting. The arguments are not complex. Good quality directors are in demand and short in supply. Quality directors have choice and can opt to go to companies where their skills are valued and appreciated. It follows...
Structure That's Fit for the Purpose
A principal pillar of strategy execution is having a clear, effective organisational structure. Structures can act as great enablers or they can obstruct and frustrate work. So what is the 'right' organisational design? A historical context on this...
Tackling the Issue
Tackling a potential problem can be an unnerving experience. Be it balancing your chequebook (showing my age here), finally going to the dentist, tackling the unread inbox messages or, as is happening this month, looking at how to raise management...
The Case for a Food Security Strategy
The Clark Government has never been short of strategies and visions. We can be forgiven if we have forgotten some of them, such as the 26 April 2001 announcement by Prime Minister Helen Clark and State Services Minister Trevor Mallard of the Government's...
The Economics of Trust: Trust Is a Rising Tide, It Lifts Everyone's Boat
[ILLUSTRATION OMITTED] United States author and management/ leadership consultant Stephen MR Covey (son of Stephen R Covey) was in New Zealand last month to present workshops based on his best-selling book The Speed Of Trust which argues that trust...
What Price Growth? Can Growth and Sustainability Coexist? Is Constant Economic Growth Possible, or Even Desirable? Adelia Hallett Looks at the Readjustment Needed in the Modern Business World Where Sustainability Is Critical
Growth. Producing more, consuming more and earning more. It has been our holy grail for a couple of centuries. Politicians, economists, businesses and analysts use economic growth measures to prove how well or how badly our country--our society--is...
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