Professor of Accounting Howard Davey had some sage words of advice for the record 26 businesses who have committed to enter this year's Waipa Business Awards.
"When you start out, you'll be getting into work before your employees and leaving after they go home ... but how often do you actually sit down and ask, how is the business going?"
Professor Davey is head judge of the Waipa Business Awards, which are organised by the Cambridge, Te Awamutu and Raglan chambers of commerce, and supported by Waikato Management School.
He said the panel of judges would not necessarily be looking for businesses making large profits when deciding on winners. "If you have a 25 to 30% growth, year on year, for the past 4-5 years, you may not be making much money. But growth is important for the financials, just as important as profitability."
Stuff, 10 April 2018
Dr Gohan Khan, senior lecturer in digital business, was interviewed by Stuff about the Facebook/Cambridge Analytica scandal, in which data from 87 million people was collected through a third-party app called thisisyourdigitallife.
It was then sold to the UK-based firm Cambridge Analytica, which allegedly used that information to target people with political messages to influence the Brexit referendum and sway the United States 2016 general election in Donald Trump's favour.
Dr Khan says most third-party apps that you download on Facebook are developed by "immature" companies "who do not handle personal information securely and in an ethical way". If you're concerned about third-party apps misusing your data, he says the best option is not to download them in the first place, or don't log into apps using your Facebook account details.
Dr Khan said if anyone was concerned about apps misusing their data, the best option was "not to use them in the first place", or not logging into apps with Facebook account details.
Stuff, Technology section, 10 April 2018
Secretary to the Treasury Gabriel Makhlouf, the govenrment's lead advisor on economic and financial policy, was interviewed by RNZ following a 7 March public talk he gave at Waikato Management School on on the topic of 'Natural Capital and National Wellbeing'.
Mr Makhlouf says putting Treasury's new Living Standards Framework into policy making will be "world-leading" and seeks to measure and improve New Zealanders' living standards over time.
Traditional economic measures, such as GDP, productivity and economic growth remain fundamentally important, he says, but they’re not the whole picture. The Living Standards Framework also takes into account environmental resources, individual and community assets, ‘social capital’ and human capital, such as people’s health, skills and qualifications, and people having greater opportunities to live a life they value.
Radio New Zealand, Sunday Morning, 11 March 2018
Waikato Management School brand strategist and marketing lecturer Korey Rubenstein was interviewed by Stuff about brand equity in relation to the misspelling of the name 'Cook Strait' as 'Cook Straight' on a can of L&P.
"Brand equity is everything a brand does in regard to involving the public to try to grow the brand equity," said Rubenstein. "It could be intentional – L&P is a cheeky little brand and it could be meant to create a buzz. Unintentional or intentional, it's created brand awareness, making it salient, youthful and fun."
Stuff, Business Day, 22 Feb 2018
The University of Waikato recently welcomed former Co-Leader of the Māori Party and Waikato alumnus, Te Ururoa Flavell, as a Professional Fellow of the University. Te Ururoa will be teaching Māori concepts of leadership and Māori business development at the Waikato Management School. 🎓📖💡
Maori Television, 16 Feb 2018
It's not everyday the 🇳🇿️ Prime Minister and University of Waikato alumna is featured in Vogue magazine. Jacinda Ardern's time at the Waikato Management School studying public relations and communications gets a mention in article. She is described as "a 37-year-old with a beaming smile, (who) recently rode a wave of enthusiasm—so-called Jacindamania—to become the world’s youngest female prime minister."
Vogue Magazine, 15 Feb 2018
Assoc Prof Asad Mohsin (Tourism and Hospitality Management) welcomed delegates to a New Zealand Muslim community leaders’ symposium held in Hamilton on January 20.
The one-day symposium sought to brainstorm strategies to draw on the considerable untapped potential of the minority Muslim community of New Zealand.
Dr Mohsin is president of the Waikato Muslim Association, which organised the symposium jointly with the Federation of Islamic Associations of New Zealand (FIANZ).
The Indian Weekender, 8 Feb 2018
Many young people don't realise how many exciting career opportunities there are to work in the rural sector. Exposing high school students to that is a key aspect of the 2018 Rabobank Waikato Agri-Leadership Programme, says Celine Walters, a 20-year-old agribusiness and marketing student at Waikato Management School.
She helped to organise this year's Agri-Leadership Programme from Jan 22-25, and is studying for a Bachelor of Management Studies with Honours (BMS(Hons)).
Rural News, 7 Feb 2018
US cosmetics maker Avon Products has named Waikato Management School alumnus Jan Zijderveld (Bachelor of Management Studies, 1983-86) as its new chief executive, based in New York.
The former CEO of Unilever, Zijderveld's appointment caps a nearly six-month search for a new boss at Avon.
CNBC, 5 Feb 2018
Waikato Management School alumna Alana Scott (Bachelor of Management Studies, 2014) has been named an inaugural Edmund Hillary Fellow after turning her health challenges with Irritable Bowel Syndrome (IBS) into an entrepreneurial business opportunity.
The diagnosis, which came along with a restrictive diet to manage her symptoms, was a shock. Alana found herself unable to hang out with friends, stuck at home, and not able to attend her university classes. In a society that places great cultural and social importance on food, Alana found a community of support and resources to be lacking. So she took action to build an online platform to help others in a similar situation, launching A Little Bit Yummy.
Edmund Hillary Fellowship, 10 Jan, 2018
Bachelor of Management Studies (BMS) alumna Vittoria Short is set to become the new chief executive of ASB Bank in February 2018. Short currently oversees Commonwealth Bank of Australia's corporate strategy, marketing, customer data and advocacy, and merger and acquisitions. ASB is a subsidiary of Commonwealth Bank of Australia.
"Vittoria is an accomplished, values-driven leader with an outstanding record of profitably growing businesses, delivering innovative solutions and managing complex business units," said ASB chair Gavin Walker.
National Business Review, 15 Dec, 2017
Professor of Finance Stuart Locke said the majority of hospital boards run deficits, making it hard to argue that society is getting value for money.
Locke said the State Services Commission, which approves salaries for district health board CEOs, is competent and sets responsible salaries. "The problem lies in the health boards. The district health boards have elected people on them and they do not seem to be focussed on controlling the finances.
"How can we possibly believe [Murray's spending] was being monitored, and that was a good deal for our community?"
Stuff, 30 Nov, 2017
For Ash Puriri, completing his doctorate from the University of Waikato is a far cry from his days as a renowned Barry White impersonator. In his mid-50s, Dr Puriri is a veteran of global cruise ship entertainment, an opera singer and songwriter.
Dr Puriri will graduate on 11 December at Te Kohinga Mārama Marae with a doctorate in Māori indigenous tourism management. His research examined the cultural values and processes that a whānau would encounter and engage in when developing a Māori tourism business.
"Management has long been considered and dominated by a Western methodology, coming from a scientific perspective and using qualitative and quantitative research methods, and now I've introduced a dedicated cultural empirical research methodology, a kaupapa Māori methodology," Dr Puriri said.
NZ Herald, 29 Nov, 2017
Bachelor of Management Studies (1990) graduate Simon Limmer has been appointed the new chief executive of Silver Fern Farms. Limmer, 49, has been chief operating officer for Zespri where he has held various roles since 2008.
Scoop, 27 Nov, 2017
Waikato Management School alumnus Jason Minkhorst (Bachelor of Management Studies, 1989 - 1992) has been confirmed as General Manager Sales for Ballance Agri-Nutrients, with responsibility for Ballance's national sales strategy. He will join the farmer-owned co-operative in March 2018.
Jason is currently Director Farm Source Stores of Fonterra’s rural retail business, Farm Source. He has more than 15 years' extensive commercial experience in senior executive and governance roles in the dairy sector.
Scoop, 27 Nov, 2017
Waikato Management School BMS(Hons) alumna Komal Mistry has been named Young Executive of the Year at the Deloitte Top 200 awards held last night.
Komal, general manager of Fonterra Ventures, has been a driving force in the company's highly successful 'Disrupt' programme - dedicated to finding innovative new ideas among the dairy giant's 22,000 employees.
"We've taken the model from a mere pilot to global in 12 months," she says. "It's essentially a platform where any of our people can come up with business concepts and we second them into bringing them to life."
NZ Herald, 24 Nov 2017
In the latest issue of TIME magazine, Waikato Management School's Professor Debashish Munshi praises the outstanding communication skills of his former student, Prime Minister Jacinda Ardern (BCS in Public Relations and Politics, 2001).
At 37, she is the youngest female leader in the world.
“We teach students, but there are some students we learn from as well, and I would say that she was one of those students,” says Professor Munshi. “The simple things like humility, social consciousness—you can see what a great communicator she is.”
Professsor Kay Weaver adds: “We don’t have to use Obama’s speeches anymore in class. We can use Jacinda’s.”
TIME magazine, 20 Nov 2017
The New Zealand banking system’s inherently risk-averse nature is one of the key reasons why our banks have been devoid of scandal for many years, says Professor of Finance Stuart Locke.
Locke points to New Zealand’s strong record on transparency and corruption as some factors that could account for the squeaky-clean nature of the Kiwi banking sector. He says banks tend to be very conservative lenders to small business borrowers and small borrowers generally. They can do this because they have plenty of business from quality large borrowers.
As a country without a strong base of domestic savings, much of the money lent out by the banks on mortgages is borrowed offshore. The more they borrow, the higher the risk. One way of mitigating overall risk is not to move into risky areas, which appears to be the approach of Kiwi banks.
“But there's a bit of exclusion [of some customer groups]. My feeling is our banking system has left some holes in the more vulnerable areas in the community. If you transfer the risk by not engaging in certain sectors then you don't look as if you're a problem.”
Kiwibank is positioning to step into that area, to provide services to people other banks won't deal with, says Locke.