Today for many companies globally it has become an addiction to pursue short-term growth initiatives at the expense of long-term innovation that would generally generate sustainable profits and jobs.
President Mahinda Rajapaksa who’s also the Minister of Finance and Planning presenting budget proposals for 2013, in Parliament on 08th November 2012, stated that, the government introduced far reaching reforms in the 2011 budget,.....
The International Energy Agency (IEA) has provided an unrealistically high oil forecasts in its new 2012 World Energy Outlook (WEO) according to Gail Tverberg and reported in the Oil Voice Magazine of December 2012.
During the past week, the Central Bank of Sri Lanka lowered its policy rate. This resulted in the Colombo Stock Exchange showing significant gains. On December 12, 2012, the policy rates were lowered and this resulted in the All Share Price Index (ASPI) increasing
In all business organisations, there are often two types of work. There is the normal delivery process, where the main business of the organisation is done. Then there are the change activities, whereby necessary change is made to the business and the way it is done.
Robert Cross, a Revenue Management (RM) guru who pioneered RM in the late 80s explains about RM
ET Now: Do you think given the kind of policy measures the Government of India has recently announced, Indian economy could once again reclaim levels of 6% to 7% GDP growth?
Here the vision would be to build the strategic approach to optimize the revenue performance of the hotel industry, and to keep with the overall tourist arrival goals in Sri Lanka, enhancing profitability of the hotel properties.
If you want to start a successful business or survive in business, you’ve got to have some degree of advantage over your competitors. Otherwise, why would anyone ever buy from you?
The long fierce bull faced by Sri Lankan equities, which brought yields down was due in part to fundamentally steady economic growth, rising profits and investor sentiment.
He was the corporate world’s perfect eccentric geek – brilliant in his capacity to grasp changing consumer needs and trends and...
Pension funds may be defined as institutional investors, which collect, pool and invest funds contributed by sponsors and beneficiaries to provide for future pension entitlements of beneficiaries (Davis 2000).
Last week, we dealt about the implementation of business strategy. Same day, a reader who was a marketing executive asked me a question which led me to believe he didn’t know the difference between strategy and tactics.
Last week the police raided a financial institution, which they say, was suspected of using pirated software. In the process they confiscated...
A rare protest over wages in Singapore by a group of bus drivers recruited from China has caused a public stir, highlighting the city-state’s heavy reliance on migrant workers as tensions rise over the influx of foreign labour, The Wall Street Journal said.
I attended the above book launch on 15 November 2012 at the Lakshman Kadirgamar Institute in Colombo. It was significant that this august gathering consisted of retired public servants, academicians and diplomats and professionals of the past.
Recent media headlines have featured large losses incurred by state-owned enterprises (SOEs). CPC, CEB, SLTB and Sri Lankan Airlines/Mihin Air have all recorded unsustainable losses. A very large share of these losses, particularly those of the CPC, CEB and SLTB, can be attributed to pricing policies that do not reflect costs.
The Indian tea industry has adopted a comprehensive plan to upgrade quality and increase production to meet the growing domestic and overseas demand, The Economic Times reported.
In recent years, many countries around the world have been tapping renewable resources to secure stable sources of energy. This tendency has been spurred by high fossil fuel prices, rising demand for energy and increasing concerns about the implications of fossil fuels on global climate (FAO).
In the 2012 edition of Occupy Money released last week, Professor Margrit Kennedy writes that a stunning 35% to 40% of everything we buy goes to interest. This interest goes to bankers, financiers, and bondholders, who take a 35% to 40% cut of our GDP.
The term ‘business strategy’ has many definitions but my favourite is by Johnson and Scholes in Exploring Corporate Strategy. They said, “Strategy is the direction and scope of an organisation over the long term,
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