Business

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The art of constant correction

The habit of constant correction allows us to drive greater performance and results, over an extended period of time, with smaller and more realistic actions that we can improve on without it appearing a significant leap or change, says Fiona Hewitt.

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One for the road – business travel trends for 2015

As glamourous as it might sound to most people, there is a lot more to business travel than VIP airport lounges and five star hotels. In fact, business travel exists in a range of different dimensions, from long drives and side-of-the-road motel stays to jet-setting around the world for trade shows and conferences. With such a wide scope, it is no surprise that the industry continues to boom.

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February 2015 issue highlights

Our cover story features Darrin Grafton, CEO of Serko on travel, tech and talking the talk; “Leaders need to be clear communicators who can take people on the journey with them.”

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Storytelling: The heart of leadership

Reflecting on what has been a wonderful Christmas season, we often relate this particular time of year to sharing stories and tales with the little people in our lives to help drive and build their excitement for all the wonderment of Christmas. I myself will never forget the evenings before Christmas Day that my parents told me stories of Santa, and the magic and wonder of reindeer delivering presents to every boy and girl in the world.

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Working women over 65 to double

The number of women working past the age of 65 is tipped to double in the next 20 years, according to new research commissioned by the National Advisory Council for the Employment of Women (NACEW).

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Business leaders – don’t worry if you’re not the life of the party

"Charisma is a distraction to good management. You don't need to have the personality of a Steve Jobs, Richard Branson or Jack Welch to lead a business. Most successful businesses are run by people who are quiet and persistent," said Mark Faust, President of Echelon Management International, based in Cincinnati. He has been consulting with CEOs on strategy and effectiveness for more than 25 years.

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The ideal work environment to attract talent

Not long ago, E&Y released a report titled "Differentiating for Success, Securing top talent in the BRICs", detailing attitudes towards work and establishing the ideal employer value proposition for BRIC-based (Brazil, Russia, India, and China) companies. Though the findings focused on the BRIC countries, the lessons for companies in other countries worldwide are obvious—especially when we look at the similarities across all countries.

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Management Tweeters

Twitter is a managers and leaders best resource for up to the minute news, insights and commentary on trends from top business leaders, publications and organisations. Invest some time to make sure you’re following the right tweeters and you’ll have the latest inspiration and ideas on tap.

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The changing face of leadership

The dust has settled and New Zealand has settled back into life after the election, we have voted, made our political statement and gone back to whatever version of normalcy we all live.

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$8 Billion Tech Industry Shows Record Growth

New Zealand ‘s Tech Export Sector’s revenue has increased by 62 percent over the last decade to a record $8.3Billion, says the Technology Investment Network in its tenth annual TIN100 Report. The report measures the performance of the New Zealand technology export sector.

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You’re repeating yourselves! Creative overkill in companies

In many industries, new products and services are entering the market at increasingly shorter intervals. Consequently, creativity and innovative capability are becoming ever more critical in determining the success of modern companies. But why do so many organisations find it difficult to leave well-trodden paths?

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Intuition and insatiable learning

Management intuition is under threat, undermined by the speed, depth and breadth of global change. Managers must now commit to changing their everyday operational mind-set to remain relevant. The way to do that is through learning. Reg Birchfield reports.

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REPORT: The great generational shift

The differences between generations will reshape the workplace.

Hudson, a leading provider of specialised recruitment, talent management and RPO solutions in Asia Pacific, today released The Great Generational Shift a landmark report looking at the changing nature of workplaces and offering ways to address multi-generational challenges, based on an assessment of over 28,000 professionals across the globe.

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Seven Insights into Employee Engagement

Employee engagement is a three-way process which calls for responsibility, accountability and ownership from employer, employees and the organisation. We talk about employee engagement as what employees need to feel engaged and what the managers and leaders can provide.

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The rise and rise of coaching and mentoring

Mentoring and coaching have been around since the ancient Greek poet Homer scripted his Mentor to advise Odysseus on a tricky family project around 2500 years ago. And now these two learning techniques are flavour of the month when it comes to management and leadership development. Reg Birchfield reports. 

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Corporate Social Responsibility Reporting in New Zealand

When it comes to corporate social responsibility (CSR) reporting, New Zealand is ranked fourth to bottom among the 34 countries surveyed in a Grant Thornton New Zealand survey, with only 16% of businesses reporting on their CSR activities. Only Estonia, Poland and Sweden had a lower ranking.

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Management’s Renaissance

Management thinkers everywhere are calling for a management renaissance. The New Zealand Institute of Management agrees that changes in management thinking, practice and education are overdue. Meanwhile, NZIM is going through its own renaissance. Reg Birchfield reports.

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The Rise of New Leadership

In today’s fast moving, ultra-competitive global business environment, we are seeing the rise of new leadership. A company cannot base its success on the competence of a few leaders.

 

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Developing a Sustainable Predictive Analytics Capability

Hindsight, as they say, is a wonderful thing – ‘If only we’d known then what we know now’. Think about a retailer being widely ridiculed on social media for a couple of days because it couldn’t see a discount crisis looming and nip it in the bud. Or a manufacturer having to recall thousands of units because the first few breakdowns weren’t spotted in the early days of distribution. If only they’d known – prevention is a lot easier on the bottom line than recovery.

 

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Report complete

The Productivity Commission has released the final report for its inquiry into Regulatory Institutions and Practices.  

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NZIM has appointed Fiona Hewitt its new CEO

New Zealand Institute of Management Inc has appointed Fiona Hewitt its new chief executive.  Ms Hewitt has a 20 year career in senior management working for high profile New Zealand travel, insurance, entertainment, non-profit, sporting and human behaviour organisations. 

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Survive v Thrive

Management reluctance to move on from survival mode strategies is stalling global growth, according to global consultancy CEB. Its research suggests that just six percent of the world’s business enterprises

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7 Cross-cultural Insights for Business Success

The business world is now more connected than ever before. And companies with global operations have executives who are doing business with new emerging markets – different countries with diverse cultural groups of locals and other international executives. While the opportunities for business growth and success are immense, challenges also abound!

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Game on

Two teams will represent New Zealand at the Asian Association of Management Organisation’s (AAMO) Asian Management Game that gets under way later this month. The game is promoted by AAMO and organised by the Macau Management Association.

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Talent galore

The talent shortage we read so much about didn’t impact the response to NZIM’s call for young directors to join its new Young Managers Advisory Board (YMAB), according to NZIM’s general manager Tait Grindley. “We’ve had some outstanding young managers stepping up to the challenge.”

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Intuitively creative

ASEAN country business leaders are more creative and intuitive than their Kiwi counterparts, also according to Thornton’s IBR International survey.

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CEO cyber generals

Chief executives should lead their organisational cybersecurity programmes. CEOs and senior managers must step up to the front line in the battle against cyber-attacks, according to a new report from global consultancy, McKinsey and Company.

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Political jitters

Election jitters in New Zealand boardrooms and a hard-hitting Australian budget have closed the business confidence gap between the two countries over the last three months, according to consultancy Grant Thornton’s International Business Report (IBR).

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Humility helps

The most effective leaders are humble according to a study of 1500 workers in Australia, China, German, India, Mexico and the US.

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10 change principles

Despite the millions, sometimes billions, of dollars spent on change management programmes, most fail.
The success rate of major change initiatives is just 54 percent according to a 2013 Strategy&/Katzenbach Centre survey of global senior executives on culture and change management.

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Agenda update

The Government’s Business Growth Agenda seems to be delivering a stronger economy, according to lobby group, BusinessNZ. But there were some holes in the Agenda that needed addressing, said chief executive Phil O’Reilly.

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Management and NZBusiness – The Power of 2!

The New Zealand Institute of Management has negotiated a new publishing partnership with Auckland-based Adrenalin Publishing to resume publishing one of the country's most iconic and influential professional magazines – New Zealand Management.

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Tenure versus talent

Kiwi chief executives hang around longer than their American counterparts. A New Zealand-based study conducted by executive recruitment firm SEQEL Partners puts the average New Zealand CEO’s tenure at 6.4 years. 

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Still recovering

New Zealand’s economy continues to strengthen, according to the ASB Quarterly Economic Forecasts released this week. Increased construction activity and higher dairy incomes are driving the recovery.

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Sustainable legislation

Many New Zealand businesses will only commit to more sustainable management practices if the government legislates for them to do so, according to a multi-pronged analysis of Kiwi businesses carried out by Waikato University.

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Robotic responses

Ethically speaking, organisational New Zealand rates among the world’s best behaved. This reputational ranking exists despite the appallingly bent governance that killed the country’s finance sector and a few too many recent examples of questionable leadership practices in the private, public and political arenas.

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NZIM re-energises

Christchurch-based Canterbury District Health Board executive Dan Coward has been re-elected chairman of NZIM. Deputy chair is fellow director and 2012 NZIM/Eagle Technology Young Executive of the Year and general manager – sales and marketing of Wellington-based Medical Assurance Society, Glenys Talivai (picture).

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NZIM’s leadership imperative

“New Zealand businesses are insufficiently prepared to turn the promise and opportunities facing them into the success stories we need to make a real and lasting difference to our economy, society and personal wellbeing,” NZIM chief executive Gary Sturgess recently told an International Pacific College (IPC) Tertiary Institute presentation in Palmerston North.

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