Apr/May 2017 Articles


The relationship between innovation leadership and sustainability at the firm level is examined. The analysis is informed by research into the turn around at one of Jamaica's leading organisations, Jamaica Producers Group (JPG).


It is clear that companies in the Caribbean now have to be innovative and competitive because preferential arangements with countries outside the region have disappeared. Available data highlights the urgent need for collaboration among business organisations and for additional resources to help firms innovate in ways that directly improve sales performance and commercial success.


HealthCare sectors in the Caribbean, are often overwhelmed by the immediate challenges of service delivery – specifically, the provision of an acceptable quality of health care service at a reasonable cost. However policymakers and practitioners should not lose sight of significant innovation and entrepreneurial opportunities being created in Healthcare as a result of the Digital Revolution.


The unavailability of accessible micro-finance for new venture creation has been a challenge in many potential entrepreneurs’ lives. Potential youth entrepreneurs have been given nothing more than a promise of microcredit as they continue to struggle to acquire small loans to invest in their business ideas and/or grow their entrepreneurial ventures


Diasporans (foreign born population and their off-springs maintaining relations to their country of origin) are vital sources of investment, innovation and entrepreneurship illustrated by locations such as Silicon Valley, Berlin, Taiwan and Republic of Korea. Likewise, Jamaican and Caribbean, with large diaspora populations, can also drive more investments from this source into the region given an enabling environment.


For more than three decades successive governments have promised major transformation of the public sector to make it more efficient and cost effective. Despite minimal success, these efforts have failed to achieve their majour objectives. Now it appears that the domestic and external conditions are aligned to make success possible.


The delivery of a superior customer value is essential to financial firms that operate in a competitive marketplace. The firms must therefore create the business experience that satisfies or exceeds the customer’s expectation.

Local Business News

A Bank of Jamaica (BOJ) worker who was dismissed over his use of a pseudonym for personal calls that were unpaid has been ordered reinstated to...

One of Finland's largest food companies is selling what it claims to be a first: insect bread.Markus Hellstrom, head of the Fazer group's bakery division, said on Thursday that one loaf contains...

United Kingdom politicians expressed dismay Thursday after the European Union booted Britain out of the contest to become European Capital of Culture because of Brexit.Britain was due to hold...

A medical diagnostic outfit that launched four years ago with backing from local investment houses is about to go public, fulfilling a commitment from its shareholders.Elite Diagnostic Imaging Services...

The 19-country Eurozone is set for its best quarterly performance since early 2011, according to a closely watched survey Thursday, the latest sign that a robust economy has gained further...

Guardian Life Limited, the second-largest insurance outfit in Jamaica, reckons it is doing well in a competitive market...

Caribbean hotels and dive operators are now pitching undersea adventure to affluent tourists in a bid to snag a bigger piece of the multimillion-dollar dive...

Curtis Martin, chief financial officer for Jamaica National Group, will take over as the new managing director of JN Bank Limited in one week,...

A federal judge on Wednesday rejected a bid by the Donald Trump administration to dismiss a lawsuit that challenges a presidential permit for the proposed Keystone XL oil pipeline...

The credit union for security personnel employed by the state has rebranded for a second time and upgraded its bond to reach a larger constituency of borrowers and savers...

From Harvard Business Review

Azri Suratmin/Getty Images After expending considerable effort on formulating a strategy, most executives would like to see their company’s strategic plans fully executed. Deviations from the strategic plan are often assumed to be detrimental to corporate performance. However, compliance with the strategy doesn’t necessarily correlate directly to performance.
naqiewei/Getty Images How many times have you had to watch your company’s latest cybersecurity training video? An entire industry now exists to train us humans to be smarter in how we operate computers, and yet the number of cybersecurity incidents continues to rise. Are the hackers always one step ahead? Are we impossible to train? Or are we being taught the wrong...
WATARU YANAGIDA/Getty Images I recently observed a town hall meeting where a new leader had just been promoted to run his division.  In his introductory remarks, many – including me – were struck by his declaration, “One of the things you’ll find is that I’m very self-aware and open to feedback.” Even from the side of the room, I could see the eye rolling.
Hulton Archive/Getty Images The strategy-to-execution gap is an enduring problem with no easy solution. As the Japanese proverb goes, “Vision without action is a daydream. Action without vision is a nightmare.” In their seminal HBR piece, Paul Leinwand, Cesare Mainardi, and Art Kleiner outlined what senior leaders must do to close the strategy-to-execution gap.

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.