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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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FeaturesSurviving in times of crisis - Challenges in developing, implementing business strategy
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,
.gif){kind=small} Views: 1516Benefits of long time horizons in stock market investing
.jpg){kind=logo} “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.
Views: 1457Toyota unveils Ratmalana flagship showroom
.jpg) Toyota Lanka (Private) Limited, a 100% subsidiary of Toyota Tsusho Corporation, Japan, unveiled its new state-of-the-art flagship showroom at... Views: 1539Budget 2013 goals: Let’s walk the talk
 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.
Views: 1283Driving business with creativity, innovation
 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?”
Views: 1109What Obama re-election means for the world
.jpg) 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.
Views: 1501This time it’s different. Is it?
.jpg) 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’.
Views: 1786Do women make better Internet entrepreneurs?
.jpg) 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... Views: 1676GOLDEN AGE OF AD PRETESTING: Is metric-driven advertising killing creativity?
 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.
Views: 1314Natural Rubber growing is green business
.jpg) 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: Views: 1127Seasons of an investor’s life
.jpg) 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.
Views: 994Kaizen - Japanese strategy of continuous business improvement
.jpg) 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.
Views: 1362Building a business in the new normal
.jpg) Ever heard of the new normal? Hurricanes, storms, tsunamis and power outages – the new normal reflects what used to be known as anything but... Views: 928Reviving growth- Let policymakers be serious
.jpg) 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.
Views: 1050How to benefit from market cycles when investing in stock market
 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.
Views: 1492Winning over competition – Sun Tsu style
 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.
Views: 1564Why it’s important to focus on health at work
.jpg) We have heard so much about workplace stress. As organisations are driven towards more and more success, especially during tough economic times... Views: 1453Understanding International Customs Law for better Logistics
.jpg) 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.
Views: 1847Latex allergy still an issue for Hevea rubber growers?
 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.
Views: 1476Mega construction projects slipping away; Manpower shortage a drawback
.jpg) 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.
Views: 3186Export growth and sustained development
.jpg) 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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