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

The Senate rejected a decision of Brazil's top court and returned a suspended lawmaker to his post Tuesday, in what critics said was the latest self-protection move by politicians accused of corruption.Former presidential candidate Aecio Neves was...

Airbus scored a point in its high-stakes rivalry with Boeing by striking a deal just across the United States border.The European plane maker reached an unusual, no-cost deal with Canada's Bombardier that sent Airbus shares up Tuesday, boosts both...

The Antigua & Barbuda government says it wants to renegotiate a US$40-million loan which the World Bank had approved for rebuilding Barbuda that was severely damaged by Hurricane Irma last month...

Digital ledger, or blockchain technology, is set to change the way both private companies and governments do business, says Mat McGuire, a financial crime risk management expert from Canada.The technology has substantial utility as a solution to...

A spokesman for China's ruling Communist Party on Tuesday promised Beijing will open its markets further, and tried to reassure foreign companies amid mounting United States and European trade complaints.Speaking at the start of a key political...

The Ministry of Labour & Social Security will break ground Thursday, October 19 for new offices in St Ann, following the approval by Cabinet of a contract for construction valued at more than half-a-billion dollars...

Lubricants company Paramount Trading Jamaica Limited more than doubled its first-quarter profit, boosted by a nearly one-third spike in revenue.CEO...

Anyone who feels aggrieved by any kind of development in their neighbourhood can invoke the provisions of the Restrictive Covenants (Discharge and Modifications) Act to kill the project, according to attorney Clayton Morgan.While Morgan notes that...

There is an old industry joke that if you ask an accountant what is four plus four, he will tell you it's whatever you want it to be.Bookkeepers will even tell you that profit is really just an opinion as it is subject to much estimation, and...

The International Monetary Fund (IMF) is inviting tertiary-level students in the Caribbean to participate in an essay contest on the theme “Inclusive and Resilient Growth in the Caribbean.”

From Harvard Business Review

Garry Gay/Getty Images Few topics have captivated talent management discussions more intensely than potential.
Huber & Starke/Getty Images “Always remember: Your focus determines your reality.” Jedi Master Qui-Gon Jinn shares this advice with Anakin Skywalker in Star Wars, but in our hyper-distracted work world, it’s advice that we all need to hear.
CSA Images/Printstock Collection Vetta/Getty Images Netflix hit the industry with some bombshell moves this month. First, it announced that it plans to spend $8 billion on original content next year (including on 80 new movies). This is far more than any other online player. Obviously, this is great news for its 100 million-odd customers worldwide.
katyau/Getty Images Airlines are arguably more operationally complex, asset-intensive, and regulated than hospitals, yet the best performers are doing a better job by far than most hospitals at keeping costs low and make a decent profit while delivering what their customers expect. Southwest Airlines, for example, has figured out how to do well the two operational things...
Camelia Dobrin/Getty Images Many people think of employee engagement as a relatively new idea, but scientists have been studying it for years. William Kahn first introduced the term in 1990, defining it as “the degree of psychological identification employees experience with their job role or work persona.” He noticed that organizations tended to overlook the influence...

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.