July 28, 2011

Business mentoring demand well up on last year

Demand for business mentoring is high with many long established companies seeking help for the first time, according to Business Mentors New Zealand (BMNZ), suggesting that the pick up in the economy has yet to filter through to many in the SME market.

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NZ pay packets rise

The average salary package advertised on New Zealand’s largest jobs site, seek.co.nz, rose by 3.1% between January and June this year – and the growth in pay packets is strongest in provincial areas.

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Seven reasons why companies fail

High-profile corporate failures don’t just happen. As a new study reveals, they occur because boards and executives are fatally blind to fundamental risks to their business model and reputation and too focused on pursuing growth at any cost.

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Taking the accounting sector’s temperature

The annual New Zealand Institute of Chartered Accountants (NZICA) remuneration and employment survey, released this week, reveals that those at the top of the profession on average have taken a small pay cut over the last year and have been pressured to do more for less.

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The dollar dilemma

The relief for exporters was only temporary, but the NZ dollar fell from its post float high against the US dollar – it had hit US 87.65c on Wednesday night – after the Reserve Bank left the official cash rate unchanged yesterday at 2.5%. Even so it was heading north again, edging once more over US 87c, by the end of the day. However, RBNZ governor Alan Bollard saw some benefits in the currency’s strength, as Executive Update’s economics correspondent Bob Edlin reports. 

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The Last Word: Sir Ray Avery

“Leaders have no respect for the status quo. Nothing satisfies them. They are always searching for the new whatever,” says scientist and entrepreneur Sir Ray Avery, recent recipient of the Sir Peter Blake Medal for Leadership and Kiwibank’s 2010 New Zealander of the Year.

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