Institute of Management
Executive Update
Executive Update, is a weekly newsletter of interest to managers that is being produced in partnership between NZ Management magazine and NZIM. With this new publication we aim to keep in touch with you on a more frequent and interactive basis.
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The Bi-Weekly Newsletter for Thought Leaders
- Lloyd Morrison. We are saddened by the news of the death of Lloyd Morrison, the Deloitte/Management magazine Top200 Visionary Leader for 2011. He was an exceptional New Zealander and a great leader whose passing is a huge loss to our business and broader community. NZ Management magazine publisher Mediaweb extends its condolences to Morrison's family and his loyal team at Morrison & Co.
- Asian flavour. Executive Update carries a distinctive Asian flavour this time as the Government unleashes its big plan for Kiwis to make inroads into China and ANZ’s David Green warns Kiwis they need to brush up their thinking on the Middle Kingdom.
- NZ Govt unveils China strategy. Government has launched its broad-sweep NZ Inc China Strategy, spelling out five strategic goals for bolstering NZ/China relationships.
- ANZ warns Kiwis to rethink China. ANZ New Zealand’s institutional MD David Green warns Kiwis will need to seriously change their mindset if we’re to benefit from the Government’s new China strategy.
- McKinsey’s picks for China in 2012. McKinsey’s Shanghai-based director Gordon Orr has come out with 10 predictions for China this year. In essence, he says that despite food price inflation and a stagnant housing market, China should maintain a rapid rate of growth.
- Trust barometer shows regional differences. People in Asia are more trusting of businesses and governments than their counterparts in the US or Europe.
- Who cares about brands? A new Havas Media study shows consumers in fast-growing economies are significantly more positive about brands than people in more mature markets.
- HSBC picks NZ as future top performer. On the positive news front, a new HSBC report reckons New Zealand will top the league table of developed countries with 2.9 percent GDP growth in 2050.
- Bloomberg Brief launches Asia daily. Anyone wanting a stronger fix of Asian economic news can now get it on a daily basis.
- Latest Management Stories: Lands of Contrast, Mushroom magic, Solid Energy’s burning commitment, An unconventional approach to sustainability, Collaborate & cooperate to grow.
- Back to the future. Pundits’ predictions on the shape of the future keep pouring in. Here’s our pick of the latest lot. They laser in on the future of financial services, how tribalism inevitably carves world trade into Anglo-, Sino- and Indospheres, and what’s on the horizon this year for consumer technology.
- L3F maps financial services future. A new report by London-based L3F (Long Finance Forum of Futurists) scopes out four possible scenarios for the global financial services market over the next 40 years.
Economist shows kinship counts. Businesspeople need to factor in the influence of the Anglo-, Sino- and Indosphere according to a recent Schumpeter column in The Economist. - Deloitte picks record smartphone/tablet sales. Demand for consumer technology will continue to advance this year with record numbers of smartphones and tablets likely to be sold, according to Deloitte’s Technology, Media and Telecommunications (TMT) Predictions 2012 report.
TNS pinpoints impact of digital marketing. Changes brought about by digital marketing are now having a significant impact on both up- and downstream business, according to a new report by research-based business consultancy TNS. - CREWE group hopes to unblock Wiki impasse. CampaignAsia weighs into the debate on who owns and controls online information in a recent article by PR practitioner Jeremy Woolf.
- Mahon sends Crafar warning. The recent approval for the Shanghai Pengxin Group to buy New Zealand’s Crafar farms was a seminal event in this country’s economic evolution, says David Mahon in his latest “China Watch” review.
- CommComm releases telecoms paper. The Commerce Commission has released a discussion paper on how it intends to implement the new Telecommunications Development Levy liability allocation process.
- Latest Management Stories: Mitigating risks, Food for thought on director feedback, Beca Group, Carl Bergstrom Boosting corporate energy, & McLeay’s Way
- Bookcase: Latest recommended reading for managers
- What to expect in 2012. The annual new-year soothsayers are out in force so here’s our pick of predictions for 2012. They cover everything from the shape of the economy and the hottest technologies, to what our workplaces will look like, where to find jobs and how to read the investment landscape.
- As 2012 beckons, SERI reckons… South Korea remains rocked by the recent death of its northern neighbour’s Supreme Leader Kim Jong-il. Meanwhile, its Samsung Economic Research Institute (SERI) think-tank predicts 10, mainly gloomy, global trends for 2012.
- Korea picks 2012’s 10 hot techs. Leading Korean think-tank Samsung Economic Research Institute (SERI) has released its list of most promising technologies for 2012.
- Gioia predicts the future of global workplaces. Joyce Gioia, the strategic business futurist behind the highly-regarded Herman Trend Alert, has laid out her annual wide-ranging set of predictions for workplaces round the world.
- Expect more NZ workers to go feral. When introducing Australian futurist Steve Tighe at an Auckland business breakfast recently, Paul Robinson, director of recruitment and HR services company Randstad NZ, told people that technology will make remote workforces a big reality in the near future.
- Job outlook positive in patches. In a two-part round-up of job ops for the year, Herman Trend Alert’s strategic business futurist Joyce Gioia pinpoints “pockets of prosperity” for 2012.
- LMA homes in on workplace productivity issues. Leadership Management Australasia (LMA) has identified the top five issues for leaders and managers this year.
- External threats to dominate investment landscape. External threats will dominate the 2012 investment landscape, pushing from centre-stage last year’s battles with inflation and overheating. Russell Investments says global deleveraging will provide a backdrop for modest growth and recovery – which will be driven by Asia and the US.
- Latest Management Stories: Peter Chrisp – Focus and aspiration, We’re playing Aussie rules, An unconventional approach to sustainability, LINK OR SWIM NZ’s Asian choice, What will happen after Asia’s rise?
- Bookcase: Latest recommended reading for managers
- NZIM: Management issues
9th December 2011
International Competitiveness Conference. New Zealand’s international competitiveness comes under scrutiny as The Competitiveness Institute hits Auckland for its annual week-long global conference.
- Michael Enright unveils new benchmarking project. A leading authority on competitive advantage says New Zealand should think carefully about which other countries it benchmarks against.
- Latest Management Stories: Alison Paterson - Grande dame of governance; Lands of Contrast; Mastering the future; Off with their heads! Gain from the green game
- Skilling cites skills of small economies. Small countries, regional groupings and cities will drive the global economy forward in the future.
- Proudfoot calls for ag-sector long-term vision. KPMG head of agribusiness Ian Proudfoot has called for New Zealand to develop a clear long-term vision for its agricultural sector.
- Forget value-add: NZ must create value. New Zealand should shift its focus from value-add to value creation, according to Dr Bob Breault, a longstanding member of The Competitiveness Institute, a global non-profit network based in Barcelona.
- Richards challenges GDP as measure of NZ’s success. Leading brand strategist Brian Richards has called for New Zealand to place more emphasis on measuring people’s economic wellbeing rather than simply charting the country’s economic production.
- Overseas Kiwis will splash the cash back home. Kea New Zealand continues to pump out research showing overseas Kiwis are keen to invest back home.
- Survey reveals different digital divide. TNS New Zealand has unleashed its latest Digital Life survey. It uncovers six market segments. Each is aligned to the extent to which people want to be involved with a brand and their desire to consume online offerings.
- NZ’s bosses out-rank their Oz, US and Brit counterparts. New Zealand workplaces and employers compare favourably to those in other countries that have traditionally been viewed as alternative employment opportunities for Kiwis.
25th November 2011.
Welcome to this special issue of Executive Update: a comprehensive summary of the top stories behind this year’s Deloitte/Management magazine Top200 Awards.
- 2011 Top200 Awards identifies proven performers. Mainfreight claimed two of the big prizes at this year’s Deloitte/Management magazine Top200 Awards
- Top200 list flashes some positive signals. This year’s Deloitte/Management magazine Top200 list of companies contains seeds of optimism about the future direction of New Zealand’s largest enterprises.
- Deloitte/Management magazine Company of the Year: Mainfreight. Mainfreight has maintained its business, cultural and organisational integrity while growing into a billion-dollar global company.
- Deloitte/Management magazine Executive of the Year: Don Braid. Mainfreight group managing director Don Braid is back. He was the Deloitte/Management magazine Top 200 Executive of the Year in 2008.
- NZIM/Eagle Technology Young Executive of the Year: Hamish McBeath. Too many of our manufacturers fall over unnecessarily, according to this year’s NZIM/Eagle Technology Young Executive of the Year, Hamish McBeath.
- QBE Insurance Chairperson of the Year: Wayne Boyd. Never being afraid to make hard calls around governance leadership has won Wayne Boyd this year’s QBE Insurance Chairperson of the Year Award.
- Latest Management Stories. Not-for-profit governance; Content is king; Leadership’s looming crisis; The Sorry Story of our women on boards; Maori and Mighty River Power
4th November 2011
Much like efforts to sort out the Greek economy, latest news blows hot and cold ... Deloitte/Management magazine Top 200 Awards judges have been in lockdown picking this year’s finalists and winners... Whatever happens next in Greece, our economist Bob Edlin warns it’s not likely to be pretty for New Zealand... Sir Paul Callaghan throws his weight behind a bright technology future for NZ at the latest TIN100 launch... New initiative to boost business incubators wins plaudits...
- Judges pick Top200 awards finalists. This year’s Deloitte/Management magazine Top 200 Awards judges have wrestled with the figures, debated the pros and cons, and picked the winners during a couple of rigorous sessions at Deloitte’s downtown Auckland offices.
- Latest Greek crisis “not pretty” for NZ, says NZ Management economist Bob Edlin. It looks like we should dust off the downside scenario in the recently published Pre-election Fiscal and Economic Update (Prefu), now the fate of the European debt deal struck only last week has become subject to the endorsement of Greek voters at a referendum.
- TIN100 companies show strong growth. Dinosaurs hung over guests’ heads at the TIN100 launch in Auckland’s Auckland War Memorial Museum. But there’s nothing outdated about this year’s TIN100 companies which collectively brought in $7 billion worth of revenue last year: a 5% hike on the previous 12 months.
- Incubators NZ chief applauds new techno grants. Massey University ecentre chief Steve Corbett says a government decision to enable business incubators to offer $50,000 grants to young technology companies is perfect timing.
- Innovation [re-]emerges as a survival strategy. Companies are focused on developing new products and services in an endeavour to survive difficult economic times, according to Newport Consulting’s annual business survey of 242 New Zealand and Australian business leaders.
- NZ firms find talent fast. Just over a quarter (28.8%) of New Zealand hiring managers say they can now find the right person for the job within two to four weeks of starting to look.
- NZ gets ‘average’ rating - again. The New Zealand Institute has just updated its NZ ahead report card. Overall, the Institute says New Zealand’s performance is still average. We get a C grade.
- Investor report hammers home bribery risks. A new investor report highlights bribery and corruption risk across ASX200. ‘Anti-corruption and Bribery Practices in Corporate Australia: A review of the S&P/ASX200’ was commissioned by ACSI and produced by CAER (Corporate Analysis Enhanced Responsibility).
- Two Sirs head off on a mission. Glidepath’s Sir Ken Stevens and electronics entrepreneur Sir Peter Maire are heading up a New Zealand trade mission to Malaysia and Brunei in March next year.
- Latest Management Stories: A healthy concern for strong governance - Abano Healthcare; Creativity and innovation; Mastering the future; Who’s leading what?; Solid Energy’s burning commitment.
21st October 2011
The MV Rena oil spill off the Bay of Plenty coast dominates the news… Massey University’s professor Malcolm Wright argues the spill may not spell disaster for our national clean green brand – yet… Pure Advantage steps up its push for green economic growth… The RMA, rather than the MTA, looks like the best bet for oil spill compensation… McKinsey sustainability survey shows improvements…
- Oil spill hasn’t hit NZ’s clean green image – yet. The MV Rena oil disaster off the Bay of Plenty coast does not yet pose a threat to New Zealand’s clean green image, according to brand expert Professor Malcolm Wright.
- 100% Pure brand ‘broken’. Pure Advantage campaign manager Duncan Stewart says New Zealand has now largely acknowledged that we may not live up to our 100% Pure image.
- RMA may provide compensation. Legal liability for the MV Rena oil spill will “almost certainly” extend beyond the “token sum” charges laid so far under the Maritime Transport Act (MTA), according to Vernon Rive, a senior lecturer in law at AUT Law School, AUT University.
- McKinsey sustainability survey: better than before. McKinsey’s latest, and sixth, global survey of execs shows more of them are now managing sustainability to improve processes, chase growth and add value rather than relying on reputation alone.
- McKinsey sustainability survey: room for improvement. More companies should link environmental, social and governance issues into their business models – and act on them.
- Asian energy demand set to skyrocket. Demand for energy in Asia will almost double in the next 25 years, according to Dr Tsutomu Toichi, senior managing director and chief knowledge officer at the Institute of Energy Economics, Japan (IEEJ).
- MV Rena oil spill costs remain unclear. Almost two weeks after the MV Rena ran aground at Astrolabe Reef, Prime Minister John Key met Tauranga businesses while his Government was deciding whether to put together a financial package to help those affected by the oil spill. Executive Update's economic correspondent Bob Edlin reports.
- LanzaTech scores deals and awards. In a week when much else turned to environmental custard, media darling LanzaTech continues to pump out the good news.
- All Black brand could pack more value. Three days before the big Rugby World Cup final game, Stanford University’s Professor George Foster has told an Auckland University MBA breakfast audience the All Blacks could get better value from their brand.
- Latest Management Stories: Alison Paterson - Grande dame of governance, Managing risk – after the crisis, Learning to align Maori and Pakeha governance, Pick & mix politics. Are they bad for us?, Carl Bergstrom Boosting corporate energy.