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,
“Always invest in the long term” is the mantra employed by Warren Buffett, the most famous long-term equity investor, who is a living testament to the potential benefits of thinking long term.
Toyota Lanka (Private) Limited, a 100% subsidiary of Toyota Tsusho Corporation, Japan, unveiled its new state-of-the-art flagship showroom at...
It is encouraging that the Budget Speech 2013 sets out a fiscal framework that seeks to continue the trajectory of much-needed fiscal consolidation. If successful, it will address a perennial problem that has plagued macroeconomic management in Sri Lanka for over four decades.
Last week, we studied about Kaizen and today we venture into the concept of innovation. At this point, you might ask, “Why? Isn’t it the same thing you are talking about?”
America has created history again. With the re-election of Barack Hussein Obama as the President of the United States, the world’s most powerful economy and superpower, has sent another signal to the world.
The press conference called by the Securities and Exchange Commission (SEC) of Sri Lanka last week may have reminded most of the enlightened attendees the most dreaded phrase in the financial world, ‘this time it’s different’.
The buzz-word is here to stay – Internet-based business. With its vast reach across geographical boundaries and time zones, the power of the web...
A car commercial prominently featuring a child hits the market in 2011 to a tepid response. Advertising industry sources believe the child was included purely because kids score well in ad pretesting. If the pretests were anything to go by, both client and agency believed they had a blockbuster on hand.
United Nations Conference on Trade and Development (UNCTAD) concluded a few years ago that natural rubber stands to gain from internalization of environmental costs in the entire rubber industry. The economic variables prevailing in the natural rubber market favour internalization:
An investor’s life is not static. Assuming that you get income from sources other than your investments - like employment or your own business - this income will change as you age. Generally speaking, your income should increase as you get older.
In Japanese, Kaizen means ‘improvement’ or ‘change for the better’. It refers to philosophy or practices that focus upon continuous improvement of processes in manufacturing, engineering and business management.
Ever heard of the new normal? Hurricanes, storms, tsunamis and power outages – the new normal reflects what used to be known as anything but...
The challenge for Sri Lanka is to develop a policy framework that would stabilize the economy, boost investment and growth and earn rather than borrow reserves. All shades of political opinion are now focused on these issues.
Stock markets around the world follow cycles, just like business cycles. As investors, it is vital we understand this fact and invest accordingly. In general, there are ‘Presidential cycles’ (Yes! It is a well-accepted term in the US), Elliot waves and Kondrateiv cycles.
If you ask a dozen successful Chinese entrepreneurs to name the best business book ever, chances are such ten will say, The Art of War. It was written by a Chinese general named Sun Tzu more than 2,500 years ago, possibly in the sixth century BC.
We have heard so much about workplace stress. As organisations are driven towards more and more success, especially during tough economic times...
In any economy, the Customs plays a crucial role in trade operations and revenue collection. From a trade and industry perspective, it directly affects the private rights and obligations of citizens thus Customs Legal Framework plays a very important role.
It has been claimed that Russian dandelion (Taraxcacum kok-saghyz) and Guayule (Parthenium argentatum) performs like Hevea rubber but contains none of the proteins that cause latex allergies.
We are overwhelmed by the rapid development taking place in the City of Colombo and in other parts of Sri Lanka. The huge Krrish Square Development is one of them. We are happy that projects of this nature and magnitude are to happen in Sri Lanka.
Following is the speech by Sri Lanka Economic Association President A D V de S Indraratna delivered at SLEA’s Annual General Meeting on the theme ‘Export Growth for Sustained Development’.
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