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

A few shareholders of PanJam Investments Ltd are now questioning management's decision to use for hotel accomodationa section of the Downtown Kingston-based Oceana building.The reservation, which was expressed during the company's annual general meeting last Thursday, was particularly based on Oceana's Downtown Kingston location, which some shareholders reckon is not fitting for the hotel sector business model.

A growing rostor of nations on Monday decried Venezuela's presidential election as a farce, with the United States leading the charge in announcing new financial restrictions aimed at further isolating President Nicol·s Maduro's embattled...

QUESTION: Thank you for your invaluable service and the body of knowledge that you share each week. An insured submitted the required documents to the insurer within 7-14 days after an accident. The company took a further 33 days to investigate and...

Community & Workers of Jamaica Co-operative Credit Union Limited (CWJCCU) launched a deferred share offer on Friday that seeks to raise $900 million from investors and other cooperatives...

For some years now, China has sought to deepen its relations with the countries of Latin America and the Caribbean. It has done so as a part of a long-term geopolitical strategy that is accompanying its rise to superpower status.Its objective in...

WASHINGTON, United States (AFP) — The US jobs earlier this month showed the black unemployment rate in April fell to its lowest on record, but the figure hides a multitude of racial disparities.And those disparities reflect the failure to bring able-bodied people into the workforce at a time when many jobs go unfilled.

What's wrong with holding interviews? Plenty, it turns out. Most companies rely on a series of informal chats with several prospects that ends with a hiring decision. However, there's strong evidence that this approach needs to be retired in favour...

LONDON, United Kingdom (AP) -- If British marketers are to be believed, nothing is a better royal wedding tribute than a limited-edition bucket of fried chicken chased with a bottle or two of Royal Wedding pale ale.Estimates are that consumers will spend between 40 million pounds to 70 million pounds (US$54 million to US$94 million) on royal wedding-related merchandise, including commemorative mugs, plates, coins and posters.

Dear Orchid Doc:What's the best orchid for beginners? Beginner Dear Beginner:It's generally agreed that the best orchid for beginners is the Phalaenopsis orchid, also known as the “moth orchid”. These plants are resilient against beginners' mistakes and have a short time to blossom. But, nevertheless, they produce brilliant blossoms that you'll love.

 MIAMI, United States (AFP) — The tourism industry in the Caribbean region attracted almost one million fewer visitors after hurricanes Irma and Maria hit last year, costing it over US$700 million, according to an industry study released Monday.

From Harvard Business Review

Tetra Images/Getty Images Believe it or not, bureaucracy was once a progressive innovation. Its hierarchical authority, specialized division of labor, and standard operating procedures enabled companies to grow far larger than they had ever been. The German sociologist Max Weber famously praised bureaucracy’s rationality and efficiencies. But Weber also warned that,...
Fabien Butazzi/Unsplash In today’s increasingly globalized world, more and more people are choosing to live, work and study abroad—and this trend appears to be a good thing: social science studies have shown that international experiences can enhance creativity, reduce intergroup bias, and promote career success. To better understand the psychological effects of living...
Thiemi Higashi/EyeEm/Getty Images If you’re asked to speak at a conference or event, it’s likely because you’ve demonstrated expertise in your particular subject. To provide a great experience for attendees, you generally want to focus on the topic the organizers have requested – the “greatest hits” that you’re known for.
Topic Images/Getty Images M&A is central to many companies’ growth strategies. But you can’t grow by acquisition alone. Companies with more organic growth generate higher shareholder returns than those relying on acquisitions alone. But organic growth remains elusive. It’s been easier to go from big to bigger through M&A than new to big through entrepreneurship....
ETIENNE LAURENT/Getty Images It’s been 50 years since the events of May 1968, when France went through a period of civil unrest, and one year since the election of centrist reformer Emmanuel Macron as president. The country is marking these anniversaries with a series of strikes, rallies, and occupations in response to Macron’s economic agenda. Students, workers, and...

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.