The doors are now open for applicants for the 2013 Cranfield NZ Alumni Scholarship. This offers the opportunity for one of New Zealand’s young executives to complete an MBA at Cranfield School of Management, one of Europe’s top business schools, free of charge and with travel expenses paid.
After decade of neglect, New Zealand boards are again focusing on capital expenditure’s crucial role in company wealth creation. Capital expenditure is, after all, the key to delivering more effective
Let’s raise toast to both the current New Zealand Stock Exchange (NZX) chief executive Tim Bennett and former chief executive Mark Weldon. The NZX50 Gross Index rose 24.2 percent last
Financial sector regulatory and legislative reforms now in play are the most important in New Zealand’s history. But are they enough to deliver better governance? The plethora of reforms to
Cover Story: NZ in 2013 – The three-speed economy “Normal is not normal” – welcome to 2013 and NZ Management magazine’s special focus on the challenges and opportunities for business
“Normal is not normal” – welcome to 2013 and NZ Management magazine’s special focus on the challenges and opportunities for business and the economy in the year ahead. We asked New Zealand business and thought leaders to respond to a specific set of questions and you can read their inspiring and generally optimistic responses in the following pages.
The NZIER’s Quarterly Survey of Business Opinion, showing surge in economic activity in the December 2012 quarter, was portent – here’s hoping – that we will enjoy prosperous new year.
Welcome to this special issue of NZ Management magazine which will now be an annual feature on the magazine’s publishing schedule. The 2014 preview will come out at the end
The New Zealand Institute of Management has appointed Glenys Talivai (née Powell), the winner of last year’s Top 200 Companies NZIM/Eagle Technology Young Executive of the Year Award, to its
Imagine the difficulty of trying to save for something that you don’t know the price of. A recent survey of 2000 New Zealanders by Southern Cross found that the majority
Managers who clearly communicate with their employees about their organisation’s performance and prospects head Leadership Management Australasia’s annual Top 5 Characteristics of Good Manager list, as viewed by employees. With
Businessman and philanthropist Sir Owen Glenn is promoting longer-term planning approach to tackling New Zealand’s economic challenges. Writing in the Weekend Herald in January Sir Owen identified bureaucracy and lack
Know someone who has shown outstanding leadership and deserves recognition? Now’s your chance to put them forward for one of New Zealand’s most prestigious awards programmes. The Sir Peter Blake
We might feel we’re doing it hard in New Zealand, but not only is it one of the best places in the world to be born in 2013, but we’re
NZ Management magazine readers are in senior positions in large companies, have high level of purchasing authority and high personal incomes. Colmar Brunton readership survey conducted for the magazine in
More than 90 percent of employers plan to maintain staffing levels or hire more people in the first quarter of 2013, according to the latest “Hudson Report: Employment Trends” released
A joint study by the Australian and New Zealand Productivity Commissions has failed to respond to the challenge of moving the trans-Tasman relationship to new level. That is the view
In the UK Christmas sales bumped up tablet ownership to 12.2 million adults. That’s almost 30 percent of the UK’s adult online population, and almost one in five of every man,
From advanced technology being even more accessible and personalised to yoghurt shops as the latest foodie trend, global communications and marketing agency JWT has released its top100 trends for 2013.
This year will not be an easy year for leaders. It goes without saying therefore, that it will be even worse for followers. Here’s sample of the problems leaders face
Ten years ago, one of the New Zealand Institute of Management’s more thoughtful and visionary leaders turned his mind to an issue that had tested the organisation’s management development advice
Jobs. That, in word, is what the Government is about this year. Against that Labour will pose “active government”. Before the 2011 election senior ministers decided 2012 had to generate
Leading academics from the London Business School give their predictions for the year ahead. And despite the ongoing fiscal restraints it’s interesting to see the anticipated growth in focus on CSR, sustainability and environmental issues.
The World Economic Forum reports a world more at risk from markets and Mother Nature in its Global Risks 2013 report. Persistent economic weakness saps our ability to tackle environmental challenges. The report highlights wealth gaps (severe income disparity) followed by unsustainable government debt (chromic fiscal imbalances) as the two top most prevalent risks.
The Herman Group issued its annual forecast
at the beginning of the year:
1. Recruiting will intensify among many sectors. With recovery in the United
States and Europe, companies large and small will feel the pressure to add
staff—particularly those in the technical fields. Some companies will
continue their reluctance to add staff, even losing burned-out, over-worked
long-tenured employees, because of their fear of economic eventualities.
The Sir Peter Blake Trust is calling for nominations for the 2013 Sir Peter Blake Leadership Awards. Nominations open 1 February and close 28 March 2013.
The awards, presented as part of New Zealand’s annual Leadership Week. 5-12 July this year, identify six leaders between the ages of 25 and 40 who have inspired and achieved across many walks of life.
New Zealand sits 10th on the world business optimism table, according to the Grant Thornton IBR survey, behind a group including Chile, Brazil, India and Norway. First on the table is United Arab Emirates.
Business confidence has lifted 22 percent on this time last year to 58 percent, well ahead of neighbours, Australia, where confidence was up only seven percent to 31 percent.
Business and thought leaders are optimistic about the year ahead, while being realistic about the challenges to be met, in NZ Management magazine’s new special issue, NZ in 2013, available in bookshops from next week.
Many highlighted the impact of the Canterbury recovery effort on the national economy and CERA (Canterbury Earthquake Recovery Authority) chief executive, Roger Sutton cited 2013 as the “Year of the Rebuild”. Several insurance sector leaders shared t
Governance expert and author Doug Matheson identified management capability as the single biggest determinant of corporate success. The outcome of his thinking was the NZ Institute of Management’s Management Capability Index. The 2013 issue has just been completed and the full 26-page report is published in the 2013 special issue of NZ Management that will be in store next week.
LinkedIn, which now has more than 200 million members, released its findings this week on the top professional goals people want to achieve in 2013.
Most professionals don’t want to get promoted; they want to learn new skills in the New Year.
New Zealand workers can expect only modest pay rises next year while high growth markets in nearby Asia will see salaries increase by up to three times that of their Western neighbours, according to the latest pay forecast data gathered by global management consultancy Hay Group.
Support for apprenticeships, research & development and a reduction in red tape were the strong themes from a recent Grant Thornton IBR survey.
A special issue of NZ Management magazine – New Zealand in 2013 – dedicated to highlighting New Zealand’s business and thought leaders’ views on the year ahead will be out in late January. The magazine will be distributed to New Zealand’s largest corporates (including the Top 200 Companies), senior executives, and is sold at retail.
New research shows nearly two thirds (61%) of Kiwi workers are planning to leave their job in 2013 – double the amount from last year – according to the latest Randstad World of Work Report.
If you feel you work too hard – you’re not alone. As New Zealanders knock off for a couple of weeks of well-deserved holiday, a new survey has found the down time will be more welcome than ever.
Air New Zealand’s Rob Fyfe, Fonterra’s Sir Henry van der Heyden and Ngai Tahu’s Mark Solomon share their views on vision, success and leadership in video extracts from the recent Deloitte/Management magazine Top 200 Awards.
NZ Management magazine, from the stable of Executive Update publisher Mediaweb, has reported the results of a readership survey* conducted last month for the publisher by leading research company Colmar Brunton.
The level of shareholder scrutiny on corporate governance practices will increase over the next few years, according to Deloitte’s Director 360: Degrees of Progress survey released earlier this month.
Counties Manukau student Lar Su’a is this year’s NZ Institute of Chartered Accountants Young MD of the Year.
The past, present and future strength of New Zealand business enterprise all featured strongly in the winners’ line-up at this year’s 2012 Deloitte/Management magazine Top 200 Awards.
Sir Henry van der Heyden, Fonterra’s chair for the past 10 years, cements his place among New Zealand’s most acclaimed business leaders by taking out this year’s QBE Chairperson of the Year Award.
“As One” is concept that is fundamental to what it takes to be Top 200 great and is intertwined with the four traits of courage, vision, perseverance and innovation that
Ryman Healthcare notched up record profits this year on top of a decade of record profits. This – and a stack of other reasons – lies behind the decision for this year’s Top 200 judges to crown Ryman as the Deloitte/Management magazine 2012 Company of Year.
NZ Management magazine’s listing of New Zealand’s largest organisations includes publicly listed companies and larger unlisted companies required to disclose audited financial statements, including New Zealand subsidiaries and branches of overseas
Outstanding performance
Focusing on the future
The Government’s environmental critics had much to grouch about, early in November. Legislative amendments to the Emissions Trading Scheme would enable polluters to keep buying cheap carbon credits and enjoy
How fast year flits by. Just one year ago I returned to NZ Management magazine just in time to catch the tail end of that year’s Top 200 Awards. I
Niamh Lawless is the first woman to take up the chief executive position at Scouts New Zealand in over 100 years. Lawless has extensive experience in community and government organisations
Sponsored by The University of Auckland Business School www.exec.auckland.ac.nz 0800 800 875
New Zealand is divided nation when it comes to exercise habits. We have reputation of being nation of outdoorsy, exercise enthusiasts. From particular viewpoint, this could very well be true.
Mark Cairns’ proven and talented leadership of Port of Tauranga has won him this year’s Deloitte/Management magazine Executive of the Year Award.
Business decision makers have longer annual leave entitlements than employed New Zealanders as whole. Horizon Research poll finds 17 percent of decision makers have five weeks annual leave, compared with
A lack of mentoring and other forms of guidance compounds the dramatic gender divide that opens up by the time many business people hit their 30s and 40s. New research
When it comes to customer service, businesses ignore the growing power of social media at their peril. The latest annual KiwiHost Service Survey shows people under 25 are almost twice
Employers want workers with attitude – the ‘can do’ approach to life that can be channelled to achieve successful outcomes. The 2012 Attitude Awards celebrate people with exactly that mindset
If the rumours are anything to go by, it’s time for the humble old intranet to bow out gracefully in the face of slew of “Facebooks for the enterprise” or
NZIM and the Office of Ethnic Affairs (OEA) are bedding down new joint initiative aimed at helping Kiwi business leaders unlock the potential of our country’s increasingly multinational workforce. Despite
Dear editor You mention in “New learning for new economy” (NZ Management magazine, November 2012, page 6) that there is high level of disengaged students throughout the schooling system. This
He may be listed as Forbes billionaire but Jack Dangermond remains man of the land, driven by an insatiable curiosity about all things geographical. Which explains why he is now
Social media presents sticky employment trap for unwary staff and lesson for management. So says DLA Phillips Fox partner John Hannan who warns that managers should take staff misuse of
Building sustainable communities
Another year is all but over. And, on reflection, there haven’t been many examples of outstanding leadership on which to comment or from which to draw inspiration this year, at
Whether at home or in the office, a drinks cabinet charged with the taste of excellence is more than just a luxury. It is a celebration of the very finest things in life.
Scott Brown is chair of Kea China and heads up consultancy Redfern Associates in Shanghai.
Leaving positive legacies
Transformative initiatives by NZIM in 2012 portend major change in the not-too-distant future.
What is local and what is central? The Key Government has rephrased this as what is local is central – when it gets in the way of economic development. In
Governing through transition
TOP 200 Suzanne Snively, ONZM, is managing director of MoreMedia Enterprises and chairs the Agri-women Development Trust. She is member of the Ministry of Transport’s Performance and Risk Advisory Group
Welcome to this special issue of Executive Update: a comprehensive summary of the top stories behind this year’s Deloitte/Management magazine Top 200 Awards.
Abano Healthcare Group152 ABB151 AgResearch177 Air New Zealand5 Airways Corporation of New Zealand176 Alcatel-Lucent New Zealand129 Alliance Group25 Allied Foods (NZ)117 Amcor Packaging (New Zealand)95 ANZCO Foods31 Aotea Energy8 Aperio
Perseverance, innovation, vision and courage: great companies rise to the top in tough times.
This year’s Designworks Visionary Leader, Ngai Tahu’s Mark Solomon, is “unquestionably one of the most constructive players involved in trying to deliver a positive, fair and enlightened future for New Zealand,” say this year’s Top200 Awards judges.
A focus on facilitating and delivering positive change is one of the many attributes that single out Glenys Powell as this year’s NZIM/Eagle Technology Young Executive of the Year.
Auckland Chamber of Commerce CEO Michael Barnett scored the Supreme Award at this year’s AUT Excellence in Business Support Awards. Judges say they awarded the honours in recognition of his “outstanding contribution to business and the community over the past 21 years”. Barnett also won the award for the Individual Category.
Supreme Winner
Michael Barnett, CEO Auckland Chamber of Commerce
Fuji Xerox Individual Winner
Michael Barnett, CEO Auckland Chamber
Kenexa’s annual survey to flush out NZ’s best places to work continues to build useful insights into who’s getting it right.
Overland Footwear pictured took out the top slot at this year’s Kenexa Best Workplaces Survey and Awards in New Zealand.
More NZ companies trading with China are checking out the possibility of settling in renminbi (RMB) and the potential advantages that this may offer.
Gary Cross, head of global trade and receivables finance for HSBC NZ, says his company is seeing a greater number of transactions being undertaken in RMB as well as more enquiries around use of the currency.
New research by Kelly Services highlights key differences in our local workforce and that of our regional economic partners and competitors.
Fewer Kiwis are in full time employment and more are reaching retirement age – particularly compared other economies in the Asia Pacific – according to a global study by Kelly.
Business leaders committed to gaining more women at senior management levels should focus on four priorities, according to a new report in the November issue of McKinsey Quarterly.
In their article “The global gender agenda”, McKinsey’s Joanna Barsh, Sandrine Devillard and Jin Wang point out that women continue to be underrepresented at senior management levels in Asia, Europe and North America.
Boosting performance and productivity remains NZ’s biggest people challenge, according to new research by Randstad NZ.
The company’s 2012/13 World of Work Report reveals just over a quarter of employers surveyed believe this will be their biggest human capital issue over the next 12 months.
Matt Carter is director, organisational development, at Otago Polytechnic in Dunedin.
Think dispassionately for moment about global trends. Finance market mayhem, cyber crime, grand scale corporate corruption, organisational complexity, environmental apocalypse and terrorism to order are individually and collectively testing the
Think dispassionately for moment about global trends. Finance market mayhem, cyber crime, grand scale corporate corruption, organisational complexity, environmental apocalypse and terrorism to order are individually and collectively testing the
Transformational thinking can help executives cut through the tyranny of the urgent to focus on what’s truly valuable for both themselves and their organisations. It’s not for the faint-hearted. So how does it work?
COVER STORY Why diversity really matters Tapping in to the creative energies of all people in NZ will make material difference to our wealth and future as nation. We’ve long
New Zealand’s first Women on Board’s Gender Diversity Summit, held in Auckland this month, effectively also marked the end of the first year’s reign of the pressure group’s co-founder and chief executive Lesley Whyte. She talked to Reg Birchfield about WOBNZ, why she felt compelled to establish it and where it goes from here.
Tapping in to the creative energies of all people in NZ will make a material difference to our wealth and future as a nation. We’ve long embraced the mantra, writes Ruth Le Pla, so are we making headway?
Andrew Geddis is not an economist. He acknowledges he has had no formal training in economic theory, although “I dabble on occasion in some law and economics theory in the
Anyone who reckons we don’t have war for talent at the moment is buying in to an urban myth of damaging proportions. Talent management is one of the single most
NZ’s tourism sector is at the crossroads. A number of initiatives are set to galvanise action. Nick Grant outlines the options.
New Zealand Trade and Enterprise (NZTE) has made five appointments to its international team: Clayton Kimpton (pictured), senior commercial advisor, is the new regional director for India, Middle East and
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