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

New York, United States (AFP) — Coca-Cola said Monday it is studying the use of a key ingredient in marijuana in “wellness beverages”, as a growing number of mainstream companies develop cannabis-infused drinks.

This is the first in a series of articles in which Tech Beach Retreat will open the conversation on various emerging technologies ahead of its upcoming summit in Montego Bay, St James, from November 29 to December 1, 2018. Tech Beach is on a mission to spark an entrepreneurship and innovation revolution in the Caribbean. In order for this mission to be successful, a shift will have to occur, and we need to revisit the way our people are trained and what they are...

Jamaican Care Packages, Morgan's Creek Ltd and Quality Systems Solutions and Initiative were last Tuesday hailed as the top three small and medium-sized businesses under the Scotiabank Vision Achievers 17-week business coaching programme.

Samsung sets new Galaxy device launch for OctoberSamsung sent out invitations Friday for an October 11 event to launch a new mobile device under its Galaxy line. The invitation offered few details but the mention of “4x fun” led to speculation about a new smartphone with four cameras or possibly a foldable handset. Machines will do more tasks than humans by 2025, shows study

A school-based survey shows that nearly one in eleven American students has used marijuana in electronic cigarettes, heightening health concerns about the new popularity of vaping among teens.E-cigarettes typically contain nicotine, but many of the...

SAN FRANCISCO, United States (AFP) — Apple's polished iPhone line-up comes with tools to help users dial back their smartphone obsessions, amid growing concerns over “addiction” and harmful effects on children.An iOS 12 mobile operating system that will power new iPhones unveiled last Wednesday, and be pushed out as an update to prior models, has new features to reduce how much they distract people from the real world.

New York , USA — Eight months after the death of its founder, Golden Krust Caribbean Bakery and Grill has expanded its operations into the Canadian market, opening two stores in the greater Toronto, Ontario, area, home to a large number of Jamaican and other Caribbean nationals.

New York, USA — Jampro, the one-stop trade, promotion and investment arm of the Jamaican Government in this bustling metropolis, is to reopen its office at a ceremony today (Monday), following years of closure.

WASHINGTON (AP) — Time magazine is being sold by Meredith Corp to Marc Benioff, a co-founder of Salesforce, and his wife.The Wall Street Journal reported that the iconic news magazine is being sold for US$190 million to Benioff, one of four co-founders of Salesforce, a cloud computing pioneer.The sale is occurring nearly eight months after Meredith Corp completed its purchase of Time Inc.

Roderick 'Ricky' Francis, son of the late Roderick 'Bunny' Francis, says he intends to execute the dream project conceived by his father, a multibillion-dollar complex called The Spires to be developed on the Kingston waterfront.Bunny Francis was...

From Harvard Business Review

Dirk Anschutz/Getty Images The Q&A or fireside chat has become a popular format at events like conferences and employee town-halls, replacing more-formal presentations and panels. The one-on-one format can create a more conversational, interesting, and intimate experience, and has the added benefit that the CEO or luminary being interviewed theoretically doesn’t have...
Eric Frommelt/Getty Images Ten years on from the financial crisis, stock markets are regularly reaching new highs and volatility levels new lows. The financial industry has enthusiastically and profitably embraced big data and computational algorithms, emboldened by the many triumphs of machine learning.
Gina Pricope/Getty Images In the start-up world, the disruptor is the cool kid on the block, the one who’ll change the world — or at least the products you’ll buy and how you buy them. She takes on the grown-ups in suits and shows us all how dumb they are. Customers love her because she makes them feel like rebels (with a cause), suppliers love her because she makes them...
Paula Daniëlse/Getty Images Body language varies significantly across cultures. What is considered rude or foolish in a Nordic country may be welcomed as warm and friendly in an African one. What a Canadian businessperson would perceive as arrogant, an American executive may see as healthy confidence. But what remains consistent across all known cultures are...
Bloomberg Creative Photos/Getty Images In 2016, the International Monetary Fund estimated that corruption amounted to roughly 2% of global economic output — between $1.5 and $2 trillion globally. Consider that in India in 2016, nearly seven in 10 citizens reported paying a bribe to access basic public services such as public schools, public clinics or hospitals, access to...

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.

Blogs

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.