Archive

The Last Word: The young and the restless

There’s a new breed of young managers with a different way of doing things, who are blowing the cobwebs out of the corridors of power. Thirty-year-old Scott Bartlett runs one of New Zealand’s fastest growing telcos, internet provider Orcon. “If we see just two or three percent growth per month, we’re not very happy, we need to see more,” says Bartlett. He operates a “tribal” business culture rather than the traditional pyramid office structure – he sees himself as the chief with the Indians (his 250 staff) in a circle around him.

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Win a pocket video camera

Readers of Executive Update are invited to share informative and interesting blogs, websites or online video clips with other readers. All contributors of items that are used in the newsletter over the next three months will go into a Christmas draw for a free next generation Flip MinoHD (RRP $379.95) pocket video camera. Send your contributions/links to [email protected].

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AS I SEE IT : Simon Wickham

Simon Wickham, CEO of the Trusts Stadium in Waitakere, has been appointed chief executive designate for The Trusts in West Auckland (Portage and Waitakere Licensing Trusts).

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BOOKCASE: Honeybees & Locusts

• By Gayle C Avery & Harald Bergsteiner • Allen & Unwin • RRP $49.99 Management metaphors don’t always work too well. Authors get distracted by the need to draw

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CONTENTS : October 2010

THE TOP 200 CAMPAIGN As part of this year’s Deloitte/Management Top 200 Companies campaign,‘Understanding the New World’, we continue our series of six themes examining major contemporary issues and opportunities

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FACE TO FACE : A culture of greed

Moral bankruptcy, not governance per se, is the issue in business today, says corporate philosopher Roger Steare. Reg Birchfield talks ethics with one of the world’s top corporate thinkers.

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FOCUS

Mediaweb’s Most Reputable Organisations awards luncheon was held at Auckland’s Harbourside Restaurant on September 10: 1 Outside Harbourview restaurant, from left, Andrew Mackmurdie of Hay Group, Toni Myers of Mediaweb,

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INBOX : A different beat

Imagine corporate team-building exercise where not word is spoken. This is one aspect that makes the drumming workshops run by Auckland company Rhythm Interactive so different, says its co-founder John

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INBOX : Key note speaker

Prime Minister John Key will be delivering the 12th Europa Lecture in Wellington, as keynote speaker this month. The Europa Lecture Series is the European Union Centres Network’s prestige public

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MANAGERS ABROAD : In the pilot’s seat

The systems that keep planes safe can be used to make businesses fly too, Katherine Corich discovered. The British-based Kiwi tells Brenda Ward about her international process consultancy Sysdoc and her company’s award-winning workplace practices.

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EXEC DEVELOPMENT

NZIM courses See page 63 www.nzimnorthern.co.nz, www.nzimcentral.co.nz, www.shortcourses.ac.nz 4-5 Assertiveness Skills. Auckland. University of Auckland Short Courses. www.davidforman.co.nz 6-7 Management Fundamentals. Auckland. University of Auckland Short Courses. www.shortcourses.ac.nz 10-15 Company

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EXECS ON THE MOVE

New chief executive for Kiwibank Paul Brock has been appointed as Kiwibank’s new CEO. He was part of the original team that created Kiwibank in 2002, and has held number

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Good bosses tune into their people

“Bosses matter,” says Stanford management professor Bob Sutton. Among other things, bad ones can kill you: a study found that their subordinates had up to 40 percent more heart attacks than people who had good bosses.

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INBOX : 75 and still going

It’s rare to hear of staff member staying with firm for 60 years – but at Christchurch company Skellerup, Monk Jones, 75, has hit the record books. Skellerup’s longest-serving staff

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INBOX : A new world of insights

Direct marketing means businesses can target very closely the audiences they want to talk to – and initiatives are getting smarter all the time. Now the Foodstuffs nationwide co-operative has

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INBOX : Accountants align

In the accounting world, Australia and New Zealand just moved one step closer. The New Zealand Institute of Chartered Accountants (NZICA) and the Institute of Chartered Accountants in Australia (ICAA)

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INBOX : Beating corruption

Bid-rigging, or secret collusive tendering, has become such problem in business, the Commerce Commission has taken measures to widen public knowledge of the issue. It has released guidelines and two

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INBOX : Logging out

Is the staff member you need not answering their phone? Are they in or are they out? This issue has plagued offices for generations. At last you can answer the

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INBOX : New weekly e-newsletter

In move to increase the quality and frequency of information that NZ Management subscribers receive, the magazine’s publisher Mediaweb has launched new weekly newsletter called Executive Update. The newsletter, which

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INBOX : On my iPod

Carmel Fisher is the managing director of Fisher Funds and newspaper columnist: I’ve had an iPod for while and I replaced it about 18 months ago. I only really use

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Now for some more sobering news

Today’s tax changes may be a step in the right direction but there’s still plenty to do according to the New Zealand Institute’s NZahead report card, released yesterday, on social, economic and environmental measures. This rates New Zealand as an average “C” performer in comparison with other OECD countries, although we get a B- for effort.

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The Last Word: Sir Stephen Tindall

“As long as I can remember, New Zealand has borrowed more than it earns. If you can create a business like The Warehouse with lots of surpluses then, you can also create a country that has them. It is simply a matter of smart thinking and dedication to your plans and then delivering on those plans. The old adage holds true. Out of 10, count one point for the plan and nine for the execution.”

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How NOT to manage a crisis

The case of Tony Hayward, who steps down as CEO of BP this month, and the Gulf Oil Spill, will be fodder for business school discussions for years to come, as a how-not-to-do-it guide for leadership when disaster strikes. Rosabeth Moss Kanter, one of Harvard University’s most high profile professors and author of Confidence and SuperCorp, dissects where Hayward went wrong.

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Latest on NZIM integration

From Phillip Meyer FNZIM, Chairman of NZIM

Dear NZIM Members
I want to update you on important progress towards the legal integration of NZIM into one national professional body. In each of the regions, and nationally, members have voted overwhelmingly in favour of moving in this direction. For your information, the voting percentages in favour of the proposal were: Northern – 100%; Central – 100%; Southern – 88%, and nationally – 95%. With such a strong vote of support from you, our members, the national and regional boards will now progress the steps towards implementation. 

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Make your mark on leadership thinking

There has been a strong New Zealand response to a survey that offers executives and companies the opportunity to benchmark their leadership capability against other Australasian and global businesses. Organisations wanting to participate in and benefit from the information provided by one of the world’s most comprehensive and authoritative studies of leadership and leadership development need to do so within the next two weeks.

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The long-awaited tax tonic

Income tax cuts which take effect from today are worth celebrating, not just because they put more money into our bank accounts but because they are part of a fundamental shift in our tax system which will be beneficial to business. And if you haven’t already worked out what sort of a pay rise you will be getting, a handy website enables you to do just that at a click of a mouse.

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A very soggy recovery

The lower than forecast New Zealand GDP growth figure for the June quarter, announced yesterday, reinforces what many businesses, particularly those operating in the domestic economy, have been experiencing: a very sluggish business environment with few signs of it improving in a hurry. Economic commentator Bob Edlin analyses this week’s GDP and deteriorating balance of payments statistics.

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Tips from five of Warren Buffet’s top leaders

 

In Behind the Berkshire Hathaway Curtain, Ron Chan has interviewed a number of CEOs and executives who have contributed to the success of Berkshire Hathaway, Warren Buffet’s investment company which owns over 40 companies employing more than 140,000 people.  Here are some brief insights and philosophies from leaders at the top of their fields.

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Merger & acquisition activity slowly recovering

Close to 40% of New Zealand’s privately held businesses are expected to grow by acquisition over the next three years, well ahead of the global average, according to an international survey of more than 7000 privately held companies by accounting firm Grant Thornton.

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Muted ring of confidence

Two years after the economic crisis really hit home with the collapse of Lehman Brothers, global executive confidence has returned – albeit very tentatively – suggesting a better ability to cope with and manage economic volatility, reports McKinsey & Company.

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The Last Word

 

Executive Update‘s Last Word taps into the thoughts of aspirational leaders who are making a difference in the way business is being conducted in NZ. In our inaugural issue, Air New Zealand’s Rob Fyfe, NZ Management magazine’s 2009 Top 200 Executive of the Year and CEO of New Zealand’s 2010 Most Reputable Organisation, outlines the four key principles that define his and Air New Zealand’s approach to business:

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Short-term pain for long-term gain?

For many businesses, particularly those predominantly exposed to the domestic economy, 2010 has been another hard grind of a year with the advent of spring bringing with it little obvious evidence that we are about to shake off the shackles of a prolonged economic chill any time soon. But perhaps we can take comfort from some perversely prophetic forecasting by ANZ Bank’s chief economist Cameron Bagrie early this year. “If 2010 is a tough year, then I’ll be euphoric over prospects for the subsequent five.”

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THE DIRECTOR : Iwi wealth explosion

Iwi trusts and community trusts manage and deliver substantial resources for the benefit of their communities. But a recent research report reveals they take very different governance approaches to managing their investment assets. Reg Birchfield analyses the findings.

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How to increase global business success

Research done by privately funded think tank the New Zealand Institute has identified three key factors that will increase the success of our international entrepreneurs, marketers, and salespeople: customer orientation, collaboration and preparation.

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Iwi wealth explosion

Iwi trusts and community trusts manage and deliver substantial resources for the benefit of their communities. But a recent research report reveals they take very different governance approaches to managing their investment assets. Reg Birchfield analyses the findings.

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UNDERSTANDING THE NEW WORLD : The new face of banking

Just how close New Zealand came to financial disaster during seismic shifts in the financial world last year, we may never know. But the face of banking will never be the same, say those in the industry. Brenda Ward discovers after the shake-up, banks are going back to people.

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INBOX : Dead right

A death notification service is helping business groups such as the legal, accounting and insurance industries identify clients who have died. It’s being developed off the back of website, www.amemorytree.co.nz

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MRO

Clear and compelling vision Effective and appropriate operating model Well developed strategic plans and objectives Effective organisation structure Strong and effective leadership Effective implementation of strategic plans and objectives Strong

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CONTENTS : September

Cover Story We reveal NZ’s Most Reputable Organisations In New Zealand’s first major peer review of reputation,NZ Management magazine and global business consultancy Hay Group reveal our Most Reputable Organisations.

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EXECS ON THE MOVE

New chief for Trade and Enterprise High-profile international businessman Peter Chrisp has been appointed as chief executive of New Zealand Trade and Enterprise (NZTE). The 48-year-old has been based in

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INBOX : Bonuses bounce back

Bonuses are on the comeback trail and while there is evidence of new disciplines around variable pay policy, concerns remain that too many companies are getting it wrong, according to

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INBOX : Fit-out depreciation to stay

Companies that own properties they occupy can take some comfort from recent joint recommendation from Inland Revenue and Treasury to leave depreciation allowances on building fit-out largely untouched. A number

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INBOX : On my iPod

Peter Walls, CEO New Zealand Symphony Orchestra: I play my iPod when I’m walking to work, or back uphill to Kelburn at night. Thanks to the music I hardly notice

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INBOX : Plane talking winner

His job may be based on the ground, but Brendon McWilliam’s achievements at Christchurch Airport have made him high-flyer among executives. Under his guidance, the Christchurch Engine Centre’s V2500 jet

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INBOX : Ready for GST day?

The GST rate increase from 12.5% to 15% on 1 October, is posing some challenges for office software systems. James Page, Microsoft Dynamics AX service line lead for Intergen, New

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INBOX : Tech wreck

The number of technology projects failing worldwide has increased significantly to now be at its worst point in the past decade. From more than 30,000 projects surveyed globally by the

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INBOX : Top 200 judges

A strong line up of experts in the fields of business, corporate analysis and governance make up the judging panel for the 2010 Deloitte/Management magazine Top 200 Awards. Two new

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Executive Development

September 7 Project Procurement Management. Wellington. Project Plus. www.brightstar.co.nz 8-9 How to Integrate Information Systems and Business Strategies. Auckland. University of Auckland Short Courses. www.iod.org.nz 13-14 Complexity Management. Auckland. University

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