Last Updated : 16-04-2014 16:18



Metrics of measuring a hotel’s performance relative to its peers

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“Eschew obfuscation, espouse elucidation” is a humorous fumble rule used by English teachers and professors when lecturing about proper writing techniques.
The press release by the MD of a hotel built during the colonial era informs of increased occupancy and revenues in the nine months ended 31 December 2013.
Views: 2471

Link between goal setting and workplace performance is inseparable

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Last two weeks, we saw how goal setting is a powerful way of motivating people and of motivating managers. Today, the value of goal setting is so well recognized that entire management systems, like Management by Objectives (MBOs), have goal setting basics incorporated within them.
Views: 3009

Introduction to real estate investment trusts

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Investing in real estate has been the traditional method of securing future financial stability by increasing one’s net worth. With the advent of share trading, investments in property have been in direct competition to attract investment rupees.
Views: 2593

Can crowdsourcing and wonder of Internet help find the missing plane?

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Almost everyone on the planet has been asking a question no one is yet able to answer – what happened to Malaysia Airlines flight MH370 that was on a routine flight from Kuala Lampur to Beijing.
Views: 2400

Why are reserve fund, status certificates important for condo owners?

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A reserve fund can only be used for replacement and non-routine repairs of common elements and assets of the condo: for instance, replacement of roof, windows, boiler, carpets and security system. Other examples are non-routine repairs to the chiller, swimming pool and parking areas.
Views: 2350

Future prospects for CTC, local tobacco industry positive: CEO

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Following is an interview of Ceylon Tobacco Company PLC (CTC) Chief Executive Felicio Ferraz appeared in the FY13 annual report of the company that was released to the Colombo Stock Exchange yesterday.
Views: 2443

Management of tree crop nutrition

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Unlike annual crops such as vegetables or field crops, the perennial nature of tree crops requires that their nutrient needs be maintained in a holistic and long-term manner.  Practices such as fertilizer application, water management and pruning can affect tree nutrition status for successive years.
Views: 2152

Future of HR, leadership and business

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Professor Dave Ulrich, the most influential international thinker in HR and author of over 25 books, talks about his proposed visit to Colombo on April 30 and the key topics he plans to address in Colombo.
Views: 2312

Need for national policy on minerals value addition

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There is presently a great interest on value addition to mineral resources that could be commercially exploited in Sri Lanka. However this interest was vigorously promoted by the Geological Survey Department (present GSMB) from the early 1960s and what is new is that three minerals namely graphite and.....
Views: 2510

Margin trading: A doubled-edged sword

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In the previous section, we discussed the two restrictions imposed on the amount you can borrow. First, the initial margin, which is the initial amount you can borrow.
Views: 2051

Process of goal setting: A fresh perspective

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We saw last week that goal setting is an opportunity to focus the efforts of employees on the things that matter. A goal provides them with a direction and also allows them to prioritise their work. 
Views: 2048

Today is International Women’s Day What women do and can do: Entrepreneurship, gender equality in SL

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The United Nations celebrates the 2014 International Women’s Day under the theme of ‘Equality for women is progress for all’. Ensuring gender equality matters in many ways to the development process of a country. Gender equality matters in its own right and has been recognized as.....
Views: 2189

As we celebrate yet another International Women’s Day: Can Sri Lanka’s corporates be more gender equal?

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The other day, my mobile phone rang – it was a wrong number. But as I and thousands of other Sri Lankan women discover to their dismay every day, the caller rang back – many times in fact, whispering what no woman wants to hear.
Views: 2676

Can Sri Lanka learn from Korean SME promotion strategy?

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Korea is no stranger to economic hardship, recovery and progress. The Korean War during 1950-53 took 1.5 million lives and destroyed close to 40 percent of the country’s industrial facilities. Yet, it overcame this turbulent history to become a developed country in less than a generation – an achievement fondly referred to...
Views: 2929

Who bleeds for the budget?

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Previous Verité Insights have documented the “long-procrastination” in the achievements of targets set out in the budget. The mismatch between expectation and reality has been particularly a problem in the area of government revenue. This Insight locates the sectors that have suffered with budget cuts to compensate for......
Views: 2295

How to review Sri Lanka Condominium Act Public engagement absolutely necessary

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Our Condominium Act was based on the condo operations of Singapore. Singapore obtained more information with regard to setting up condominiums from Australia. Since the introduction of condominiums in Singapore, they also have various problems that have to be attended to.
Views: 2975

Tapper and production-related issues in rubber: Malaysian experience

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Several approaches, techniques and systems were developed in the 80s and 90s to tackle the problem of tapper shortage and rising costs of production, which were not adopted on a large scale due to low productivity of prevailing clones in the 80s/90s, very low selling prices of rubber, low wages paid to tappers....
Views: 2260

Management compass: Setting performance goals

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“If you don’t know where you are going, any road will get you there.” This line from Alice in Wonderland has been true in many organisations and companies. They often don’t have or maybe don’t articulate very well real business goals other than ‘staying in business’.
Views: 2512

Margin trading: A double-edged sword

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Imagine you’re sitting at the black jack table and the dealer throws you an ace. You’d love to increase your bet but you’re a little short on cash. Luckily, your friend offers to spot you Rs.50 and says you can pay him back later. Tempting, isn’t it?
Views: 2227

What advice would you have given your younger self?

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Would a look back at what decisions we made be relevant to the decisions we make in the future? In retrospect is a term used wisely. Most of us feel wiser and mature, when we look back at the past. The decisions we have made, the people we have chosen to be with, the career moves we have made....
Views: 2502

Buffett's annual letter What we can learn from his real estate investments

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“Investment is most intelligent when it is most business like.” -Benjamin Graham, The Intelligent Investor. It is fitting to have a Ben Graham quote open this essay because I owe so much of what I know about investing to him. I will talk more about Ben a bit later and I will even sooner talk about common stocks.
Views: 2875

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Video: For a blessed year
Fun at Galle Face
'Blood moon'
Happy New Year!
Video: For a blessed year
Fun at Galle Face
'Blood moon'
Happy New Year!