WAIKATO MANAGEMENT SCHOOL IN THE NEWS
New Zealand Herald, 4 July 2021
If parents want their children to achieve financial freedom by retirement age, they should teach them about investing rather than just saving. That’s the view of Professor Frank Scrimgeour, head of accounting, economics and finance at Waikato Management School, and his colleague Dr Abhishek Mukherjee, a lecturer in finance.
Thanks to the magic of compound growth, a deposit of $2040 when a child is born could become a potential nest egg of $1 million by the time they turn 65 — if the US sharemarket continues to grow at 10 per cent each year.
Dr Mukherjee says teenagers who are responsible for paying unexpected expenses for themselves, rather than asking their parents for money, are more likely to keep track of their money.
“Parents can give their children things like free stocks and bonds or real estate without significant tax consequences with a custodial account.”
“Teenagers who earn their own money can better understand financial concepts like saving and spending. As long as it does not interfere with school, working a part-time job can be a great educational experience," he says.
Hundreds of students are learning about money management and investing in shares, bonds and commodity markets at the University of Waikato’s Tauranga campus, where 250 students are enrolled in accounting papers and 130 in finance papers.
“We expect Tauranga enrolments to grow given the employment opportunities associated with high-quality graduates in accounting and finance, " says Professor Scrimgeour.
Students complete practical assessments that aim to develop their investment decision-making skills, he says.
“Students get to work on a fund simulation project using our brand-new finance trading software. This hi-tech simulation project provides the student with the experience of buying and selling shares, bonds, commodities, and they compete to build the most valuable portfolios."
“In the accounting papers, we teach the student to work with clients to help them make their businesses more profitable and successful and reduce their exposure to financial risk."
New Zealand Herald, 2 July 2021
Dr Amanda Williamson, a lecturer in strategy and innovation at Waikato Management School, is about to launch a national survey to measure how far agribusiness is down the track with Artificial Intelligence (AI) and what barriers there are to progress.
AI will have a transformative effect on primary industries, she says, with predictions that it could bring more than $50 billion in benefits to the New Zealand economy by 2035.
AI is important because the business landscape is increasingly uncertain and requires leaders to analyse complex information at a greater pace than ever before, says Dr Williamson.
“Emerging AI technologies help people make sense of information, provide data-driven insights, and make rapid evidence-based decisions — think supply chains," she says.
"With data we can improve processes and performance, by augmenting decision-making and building digital products and services through AI ... The organisations that have invested in collecting data are poised to be the leaders in the market."
Stuff, 27 June 2021
What does the future of New Zealand's tourism industry look like in a post-Covid world?
In a recent op-ed, Professor of Tourism Management Chris Ryan says that while returning to the past is not an option, we also cannot turn off the tap completely.
"But with the success of attracting tourists has come growing local skepticism as to the benefits; a dissatisfaction illustrated best in the stories of toileting practices by freedom campers," he says.
The government's 2020 Tourism Taskforce Report made it clear the industry is now expected to deliver net benefits across the four well-beings - economic, social, cultural and environmental. The government is also seeking to restrain growth in international visitor numbers.
"How many visitors are we prepared to take, and where are we going to put them? And do we want to alter our carrying capacity?"
He says some of the options for managing our tourist numbers could include cancelling certain air routes flown by Air New Zealand; differential pricing for international visitors compared to locals, quota systems, advance bookings, and smart tourism.
SunLive, 19 June 2021
Former Te Puke High School student Kristy Manley-Griffin, 28 says her biggest motivation for studying at the University of Waikato in Tauranga has been her daughter Ivy, as she wanted to create a better future for her with more opportunities.
After being made redundant from a job she really enjoyed, Kirsty decided to take the plunge and go back to school for the first time in nearly a decade.
"Most of my life I’d been told that I have potential, but I always wondered what it was that I should really do. I remembered enjoying accounting at high school, because I’ve always been good with numbers, but I wasn’t focused enough academically at the time so I put it on the backburner.”
She was also grateful to receive a $2,500 education scholarship from GHA Chartered Accountants & Management Consultants, a Māori-run business based in Rotorua and Tauranga that aims to help grow the next generation of emerging Māori business leaders.
GHA was founded in 2005 by Glenn Hawkins, an alumnus of Waikato Management School.
Kristy honoured to be chosen as the student speaker for her graduation ceremony held at the University’s Tauranga campus on 11 June – despite her huge fear of public speaking.
Her goal now is to become a Chartered Accountant and use her financial and business knowledge to help manage her family’s kiwifruit business.
Science Media Centre, 3 June 2021
How can we harness Kiwi innovation and ingenuity to help feed a growing global population, in a way that is healthy for people and the planet? That question was explored in detail at a one-day event, 'Feed Our Future', held in Wellington in June.
Waikato Management School's Professor Kathryn Pavlovich, who has expertise in strategic management and entrepreneurship, says the production and distribution of food is one of the most pressing problems we are facing today - especially so with the current Covid-19 disruption to our global supply chains.
“How do we teach our young people to grow food? How do we change our attitudes that our fruit must be perfect and shining as opposed to fresh and nutritious? How do we learn to grow and eat with the seasons rather than relying on significant amounts of unnecessary imported food? These are questions that we face as we seek to develop our own regenerative and ecologically imbued food systems.”
Her colleague Dr Ou Wang, a senior lecturer in agribusiness, says adopting a more plant-based diet would be a logical first step towards more sustainable behaviour.
His research shows that there are some obvious differences when comparing attitudes of New Zealand consumers to those of Chinese consumers. For example, Kiwis have a stronger sense of entitlement and dependence attached to eating meat, but they are also concerned about animal welfare.
He also found that social peer pressure doesn't play a positive role in encouraging people to adopt a plant-based diet in either New Zealand or China. Rather, such behaviour is motivated by individual obligation or environmental concerns.
Stuff - Business, 28 May 2021
New Zealand businesses trying to expand into overseas markets like China need to develop an Omni-Channel Retail (OCR) strategy that provides a consistent customer experience across all their sales points.
According to senior lecturer in marketing Dr Mark Kilgour, brands that have well-integrated touchpoints will give customers the most value when shopping across different channels, leading to increased customer satisfaction, loyalty and retention.
SunLive, 3 May 2021
Clare Swallow was named as one of New Zealand’s most digitally savvy business women in 2015, thanks to her expertise in human-centred design thinking.
Today, the Waikato Management School alumna (PGDipMgtSt, 2014) is focused on helping CEOs and managers use this highly effective technique to foster creativity and innovation among their employees - which typically leads to greater profits.
Design thinking is all about putting customers at the heart of your business strategy to identify new opportunities, says Clare. “Organisations often create a new role because they think they need an innovation manager ... but really it's a cultural change that’s needed," she says.
Later this month, Clare is teaching a three-day short course in Tauranga called 'Design Thinking for Business Impact'; co-created by Priority One and Waikato Management School.
"After speaking with CEOs in the Bay of Plenty, we found a step change was needed in how businesses were addressing innovation and growth. There was a desire to come at innovation from a fresh perspective."
To learn more, please visit https://www.tauranga-innovation.com
University of Waikato, 26 April 2021
Economist Professor John Gibson, of Waikato Management School, has found a better way of using satellite images of 'night lights' - artificially lit areas of planet Earth - to help measure urban growth and local population in places where on-the-ground statistics are not reliable or not easily available.
This data can also be used by governments to detect the impacts of natural disasters, or to inform policy decision-making.
But the space images currently used by economists are highly flawed in the way they show light on earth, and haven't been updated since 2013.
Fortunately, Professor Gibson has found a better source of night lights data that is 80% better at predicting underlying economic activity - the Suomi satellite’s Visible Infrared Imaging Radiometer Suite.
Professor Gibson's study, Better Night Lights Data, For Longer, was published in Oxford Bulletin of Economics and Statistics.
Stuff Business, 19 April 2021
Waikato University research fellow Leo Krippner told the New Zealand Economics Forum in March that the country probably had the best environment for the emergence of high inflation “since the 1970s”.
That was because of the current very strong monetary and fiscal stimulus, combined with supply disruptions created by Covid, and changes in the labour market, he said.
ANZ chief economist Sharon Zollner warned at the same conference in Hamilton that just a 1% rise in mortgage rates would lead to a 5% overall drop in Aucklanders’ disposable income.
NZ Business, 19 April 2021
After dropping out of high school at 14, Rachel Adams made the brave decision to start up a new cafe and art gallery on the main street of Waipawa, in Hawke's Bay.
This courageous decision sparked a lifelong passion for business and entrepreneurship. At the age of 19, Rachel decided to enrol in a Bachelor of Communication degree at Waikato Management School, majoring in Marketing and Public Relations.
After graduating from Waikato, she was offered a role as communications manager at SODA Inc - where she co-created the first-ever New Zealand Startup Bootcamp event - and was then promoted to head of operations.
Earlier this year Rachel become general manager of Manaaki, a business support network that provides mentoring to New Zealand's budding small business owners.
“Starting a business can be scary – especially if you’re leaving a job. You have so many responsibilities to deal with and owning a business is not for everyone," she says.
“It’s important to know the triggers that determine whether your business is profitable or not. If you’re not at least breaking even or making a profit, then you’re just managing a hobby, not a business."
Stuff, 4 April 2021
Migrant-run family businesses are doing better than expected since the Covid-19 pandemic hit New Zealand.
When migrant businesses cater to ethnic minority communities, they tend to hold a monopoly in the market, which protects them from the impact of a recession, says Nirosha Hewa Wellalage, a senior lecturer in finance at Waikato Management School.
Dr Wellalage says the family business model is common among migrant entrepreneurs, as it works well in times of crisis.
"For many migrants they don’t have another option so everyone in the family pitches in. That means long hours and a lot of hard work, because they might not have a safety net,’’ she says.
"And if they’re in the same bubble there are fewer restrictions in how they can operate. They also reinvest the family’s earnings into the business, which is important in a time when it can be hard to get a bank loan,’’ Wellalage says.
But outside a pandemic, family businesses struggle to expand and typically fail after the second generation, as family dynamics can negatively affect the operational structure of the business.
Stuff, 13 March 2021
A Wellington public relations agency has called it quits, citing the difficulty of operating in a world with less face-to-face contact.
Over decades communications technology has allowed us to move beyond trading within our limited family and cultural networks to transact with complete strangers, says economics professor Dr John Gibson, from Waikato Management School.
This created a greater need for people to establish a relationship of trust with people they don't know, which can only be done in-person, especially for complex transactions, he says.
The need for in-person contact was one reason why people were fighting to be located closer to the central business districts of cities pre-pandemic, even though technology had created the ability for many meetings to be held virtually, without face-to-face communication.
“The Zoom calls and the other technology things are good at what they prove to be good at it in terms of back office operations: the stuff that can be routinised, ... the stuff that can be reduced to a set of very clear instructions," he says.
“[But] the stuff where there’s uncertainty; where there’s nuance ... the remote is no substitute at all for the face-to-face.”
So, will the advantages of face-to-face contact mean we will eventually see everyone returning to CBDs and moving away from working from home? Professor Gibson says international research indicates some people would stay at home because they preferred it, while others would stay away from the office because they were nervous about the perceived risk of contracting Covid-19.
Stuff, 23 March 2021
Dr Frank Scrimgeour, an economics professor at Waikato Management School, applauds the creation of the government's Housing Acceleration Fund. But the challenge will be in how it is executed.
At the crux of the country’s housing crisis is a problem with supply, he says. Contributing to the supply problem is the way local government is funded, the impact of the Resource Management Act, and the significant decline in interest rates.
“It’s not surprising that we’ve seen an acceleration in asset prices and it being dominated by people who already have assets,” he says. “It [the housing crisis] is partly something which has resulted from decades of action, but also partly something out of the current situation.”
The 2021 New Zealand Economics Forum on 3 & 4 March, discussing some of the key economic challenges facing New Zealand in a post-Covid world, generated a huge amount of media coverage, including TV, radio, print and social media.
The keynote speakers were Deputy Prime Minister Grant Robertson; Governor of the Reserve Bank Adrian Orr; CEO of ASB Bank Vittoria Shortt; and Sir Bill English. See here for more details about the event.
Media quotes were attributed to a wide range of speakers, including the University of Waikato's Vice-Chancellor Professor Neil Quigley, Pro-Vice-Chancellor of Waikato Management School Matt Bolger, and Professor of Economics John Gibson.
Here is a selection of the media coverage:
- How will NZ reconnect? Grant Robertson defends Government strategy
New Zealand Herald, Gisborne Herald, 3 March 2021, Liam Dann
- No immediate panacea for housing crisis post-Covid, business leaders told
- Stuff, 3 March 2021, Aaron Leaman
- Grant Robertson says NZ has spent fourth-lowest number of days in lockdown
Stuff, 3 March 2021, Tom Pullar-Strecker
- One News at 6pm - 6m40s into broadcast
Katie Bradford, 4 March 2021
- Central banks prepared to risk higher inflation, RBNZ's Orr
Reuters, 4 March 2021
- Some policy lessons from a year of Covid-19
Reserve Bank press release, 4 March 2021
- Adrian Orr warns of housing bubble but says Reserve Bank stimulus settings must stay
New Zealand Herald, 4 March 2021, Liam Dann
- Crunch time for deferred mortgages
Newsroom, 4 March 2021, Jonathan Milne
- ASB boss Vittoria Shortt warns: 'We are not out of the woods yet'
New Zealand Herald, Otago Daily Times, Wairarapa Times-Age, 4 March 2021, Tamsyn Parker:
- Orr frets over inflated asset prices
The Dominion Post, 4 March 2021, Tom Pullar-Strecker
- Covid 19 coronavirus: Has Jacinda Ardern lost the room?
New Zealand Herald, 4 March 2021, Damien Venuto
- Reserve Bank governor Adrian Orr: 'Absolutely a question mark over house prices'
Radio New Zealand, 4 March 2021
- Red tape, unwillingness to make 'hard trade-offs' slows infrastructure projects
Stuff, 4 March 2021, Aaron Leaman
- Nearly 40% of bank lending to residential property investors is on interest-only arrangements
interest.co.nz, 4 March 2021, Jenée Tibshraeny
- 'Gale force' economic warning: what 1% rise in mortgage rates would mean
Stuff, 4 March 2021, Tom Pullar-Strecker
- Is Wellington a lost city for first home buyers? Economist says city 'unattainable' for those on modest incomes
The Dominion Post, 4 March 2021, Ethan Te Ora and Mandy Te
- Reserve Bank ponders its impact on housing market
National Business Review (NBR), 4 March 2021, Brent Edwards
- What if the tourists don't come back?
Politik, 4 March 2021, Richard Harman
- Robertson is asking for it
Politik, 5 March 2021, Richard Harman
- RBNZ Governor says it's too early to decide whether to get worried about rising bond yields
interest.co.nz, 5 March 2021, Jenée Tibshraeny
- Adrian Orr frets over inflated asset prices
Stuff and The Dominion Post, 5 March 2021, Tom Pullar-Strecker
- Week in politics: Confusion and frustration over Covid-19 messaging
Radio New Zealand, 5 March 2021, Peter Wilson
- The Bulletin: Will lockdown lift this weekend?
The Spinoff, 5 March 2021, Alex Braae
- Economist warns of impact of 1% rise in mortgage rates
NZ Adviser, 5 March 2021, Roxanne Libatique
- It's time we climbed out of the Covid bunker
Weekend Herald, 6 March 2021, Steven Joyce
- Flares are back. Should we be worried for the economy?
Herald on Sunday, 7 March 2021, Liam Dann
- Bill English takes aim at central banks for over-cooking their responses to Covid-19
interest.co.nz, 10 March 2021, Jenée Tibshraeny
- NewstalkZB, Auckland and Christchurch 11am and midday bulletins
- Magic Talk 5.35pm
- TVNZ reporter Katie Bradford, Twitter, 4 March 2021
- NZ Initiative Chief Economist Eric Crampton, Twitter, 3 & 4 March 2021 #nzec
Stuff: Opinion, 28 February 2021
As we moved into lockdown in 2020, analysts were predicting house prices would fall as unemployment rates were expected to reach double digits. As Professor of Economics Les Oxley explains, there were no foreign property investors to boost the housing market, so these predictions seemed solid.
The Government responded to the unemployment predictions with a range of wage support schemes. They were so successful in fact that the New Zealand economy grew, alongside increased demand for new houses.
"As we move into 2021, house price inflation has entered the list of public enemies. The Minister of Finance is seeking to act, but with one or both hands tied behind his back. Capital gains tax, is once again “not on my watch”," says Professor Oxley.
"Stand up then the Reserve Bank Governor, Adrian Orr ... Expecting the Reserve Bank to simultaneously control, manage, and determine house price inflation, places it between the proverbial rock and a hard place."
"If the Reserve Bank seeks to dampen house prices by increasing interest rates, the NZ dollar will rise, reducing the returns from the export economy which have so far supported the economy through 2020,' he says.
LiveNews, 24 February 2021
New Zealand recently signed the Regional Comprehensive Economic Partnership (RCEP), an historic trade agreement between 15 economies in the Asia-Pacific region, covering almost a third of the world’s population.
The decision to sign was supported with advanced economic modelling by a team of researchers, including Professor of Economics Anna Strutt, from Waikato Management School.
Their analysis highlighted that many of the gains from this agreement are likely to come from reductions in non-tariff measures – countries’ policies or regulations that impact on imports or exports.
“With trade agreements now tending to focus on broader areas, including non-tariff measures, we realised we were missing quite important parts of the story if we didn’t have the data and tools to model these appropriately," says Professor Strutt. From 2014-2017, Professor Strutt led a team collating data on the impact of New Zealand’s non-tariff measures. Their work forms part of the international database that is now widely used by economists and policy makers across the world.
The data also fed into a recent United Nations Economic and Social Commission for Asia and Pacific (UNESCAP) report, co-authored by Waikato alumnus Dr Alexey Kravchenko, which showed that around two-thirds of New Zealand’s non-tariff measures directly address the United Nations Sustainable Development Goals (SDGs), a very high proportion compared to other countries.
“While regulations are often necessary, improved transparency and harmonisation of standards can help to reduce the costs of doing business internationally,” Professor Strutt says.
Stuff, 22 February 2021
New Zealand is becoming more isolated from a maritime connectivity perspective, which could diminish our international trade competitiveness over the coming years, says Dr Nadia Trent, senior lecturer in supply chain management at Waikato Management School.
Decreased connectivity will make it more costly to import and export goods, and this cost will eventually make it to the consumer’s pocket.
"We need to think carefully about how we continue to entice shipping lines to loop into our small corner at the bottom of the world, and offer them a compelling business case, that includes working harder at port efficiency and reliability," says Dr Trent.
Addressing climate change by reducing population growth - which significantly contributes to carbon emissions - raises difficult moral questions that most people would prefer to avoid having to answer, says Associate Professor of Economics Michael Cameron.
Low-income countries argue it is unfair to hamper their ability to continue to grow their economies; while government-led population control policies, such as China's One Child policy which ended in 2015, present serious moral questions for democratic countries.
However, all high-income countries currently have below-replacement fertility, with fewer children being born than are necessary to maintain a constant population. Future population growth is projected by the United Nations to peak at around 11 billion in 2100 and then to slip into slow decline after that.
"So if we can get through this century without catastrophic environmental effects, then population may start to decline as a contributor to climate change," says Dr Cameron. "Of course, there is a lot of uncertainty about future population growth, so only time will tell whether the UN’s predictions hold true."
Cook Islands News, 30 December 2020
Two sisters from Rarotonga have achieved their academic dreams together after both graduating with degrees from Waikato Management School on 9 December.
Gloria Miimetua Toru, 36, and Tekeu o Te Rangi Ngapoko Toru, 23, drew motivation and strength from each other to complete their university studies.
Gloria moved to New Zealand in 2004 to pursue a Bachelor of Management Studies at Waikato, but had to put her studies on hold for many years while she worked for ACC. She was motivated to restart her studies when younger sister Tekeu moved to Waikato in 2017 to start her studies, graduating with a Bachelor of Business Analysis.
Tekeu had achieved the trophy for top student in business management at Tereora College in 2015 and 2016. Through her encouragement, Gloria got back into the books and together they reached their academic dreams.
Stuff Business, Waikato Times, 25 December 2020
The four-day working week could be the way of the future, with a number of Kiwi firms trialling the concept, including Unilever.
A four-day week gives employees a sense of trust and autonomy, and creates a better state of mind, says Dr Maree Roche, senior lecturer in human resources and leadership at Waikato Management School.
"We go to work more engaged and more productive ... When we're in that state at work you're more likely to go the extra mile,” says Dr Roche.
What's more, the recent experience of Covid and flexible working arrangements gave employers confidence that work gets done even when employees aren't under their noses.
Dr Roche, who has an organisational psychology background, says she would expect more businesses to move to the four-day week. "It might be that the good employers who are offering this sort of work will be the employers of choice and preference, and they will be the ones that get the great staff."
Institute suggests Xmas book list
Radio New Zealand, 2 December 2020
The New Zealand Institute of Economic Research (NZIER) has released a list of books the Prime Minister and her advisors might like to read during the summer break.
The COVID-19 pandemic has influenced this year’s list, with books on business and data science, or ones that deal with inequality, insecurity, and decision-making in times of crisis.
You can view the full list of books here.
Stuff, 14 November 2020
For nearly half a century, Waikato Management School (WMS) has been a recognised trailblazer in tertiary education, having established some of New Zealand's most innovative business qualifications.
In 2021 WMS is launching a suite of new-look qualifications, which will equip graduates with the skills and confidence they need to make a positive difference to New Zealand's future.
This new era for WMS begins with the appointment of the new Pro Vice-Chancellor, Matt Bolger. He joins WMS after an 18-year career at Fonterra, rising through the ranks to hold senior leadership roles both in New Zealand and the United States.
In an age when turbulence and uncertainty are rocking the world's economies, there has been a major re-evaluation of MBA degrees across New Zealand, says Dr Heather Connolly, Director of Professional Programmes at Waikato Management School.
Dr Connolly's advice is to choose an MBA that can teach students the skillsets required to manage businesses through this massive period of change.
Waikato University saw an increase in MBA enquiries and enrolments during and after New Zealand's Covid-19 lockdown, she says, as people had more time to consider their careers.
"Proactive people are recognising the requirement to upskill in areas that puts them in a stronger position as a candidate for roles in this uncertain environment," she says.
An MBA is the ultimate confidence booster. “On a CV, it’s the letters MBA that will often get you an interview,” she says.
DEMM Engineering & Manufacturing Magazine, 6 October 2020
Economics professor Les Oxley is among a team of researchers at the University of Waikato who have been awarded $10.9m by the Ministry of Business, Innovation and Employment to explore a circular economy concept created for the Aotearoa New Zealand context.
A shift to a circular economy in New Zealand would play a significant role in meeting the aims of government policies related to sustainable development and wellbeing. It presents a major opportunity to improve the country’s long-term competitiveness, to create value across the economy, and to simultaneously provide regenerative environmental benefits and enable a sustainable, low-emission, climate-resilient future.
The team includes academics with expertise in business and management, economics, law and regulation, materials science, engineering/design, energy, Kaupapa Māori, social science and public policy.
SunLive, 20 October 2020
Tauranga girl Laoise McCarthy says she's loving her first year at the University of Waikato, where she is enrolled in the Bachelor of Management Studies with Honours, majoring in economics, with minors in law and strategic management.
“My university experience has been amazing. I am thoroughly enjoying the subjects and papers that I am passionate about and working towards the career that I see for myself," says Laoise.
"Living in the halls of residence has been an incredible experience as well. It is so easy to network and make really close friends whilst studying and having fun.”
Waikato Management School alumnus Dr James McDowall has been elected into Parliament as a new list MP with the ACT Party. He is the party's spokesperson on foreign affairs and immigration.
Dr McDowall, 32, graduated from Waikato with a Bachelor of Management Studies with Honours in 2010, and a PhD in Marketing in 2017.
Based in Hamilton, he was previously digital team lead for Wise Management Services, one of the largest providers of mental health and wellbeing services in New Zealand. Dr McDowall also co-owns Online Immigration Lawyers with his wife, a lawyer, and runs a strategic foresight consultancy on the side.
Bay of Plenty Times, 18 October 2020
Waikato Management School has teamed up with Priority One to offer a new training course that aims to boost innovation capability among businesses in the Bay of Plenty.
Design Thinking for Business Impact will launch next month in Tauranga, with further intakes in March 2021.
“In times of change and disruption, it’s essential for organisations to have the capability to adapt and pivot,” says Matt Bolger, Pro-Vice-Chancellor for the University of Waikato’s Management School.
“Design thinking is increasingly being recognised as a core capability for business success, due to its proven impact in lifting the performance of leading companies across the globe, such as Apple, Nike and Google.”
“For this course, we’ve secured a team of four expert coaches who all have extensive industry experience in doing and teaching design thinking across a wide range of sectors, including technology, manufacturing, public sector, education and marketing,” Mr Bolger says.
National Business Review, 28 September 2020
Dr Michael Cameron, Associate Professor of Economics at Waikato Management School, studied the social media followings of New Zealand politicians in the 2011 and 2014 elections to see if they could be used to predict the outcome of those elections.
“What we found ... was that Twitter and Facebook accounts in terms of followers was predictive of election results, but the size of the contribution to the prediction was very, very small, so having another 10,000 Twitter followers made almost no difference," says Dr Cameron.
“People engaging on social media, it takes very little effort on their part to hit the like button or click to follow someone, so it’s not a very strong signal of their support.”
Truth & Soul Inc, 24 September 2020
Senior lecturers in marketing Dr Mark Kilgour and Dr Huw O'Connor, both of Waikato Management School, recently guested on the NZ podcast 'Truth and Soul Inc.' to talk about their research insights on creativity and strategy in the global advertising industry.
In part one of the conversation, Mark and Huw share their thoughts on whether anyone can learn how to become a more creative thinker; or is it simply an innate talent that you are born with? What are the different stages of the creative process; and how can we increase people's creative outputs in the workplace?
"If you're a small company that needs to break through the clutter; you can do one of two things," says Dr Kilgour. "You can either spend a huge amount of money on media; or you can do something that's really creative."
Part two of the conversation continues here. The Truth and Soul podcast is produced by advertising executive Paul Catmur (BCG), a founder and ECD at Auckland-based agency BC&F Dentsu.
Bay of Plenty Times, 19 September 2020
Waikato Management School has teamed up with Priority One to create a new design thinking course based in Tauranga.
Design Thinking for Business Impact is a new short course that provides an intensive introduction to design thinking. The course offers practical coaching from industry practitioners and formal accreditation from a leading university and has been crafted by experts to get you up to speed and delivering impact fast.
Design Thinking for Business Impact is ideal for individuals or teams who are new to design thinking, or looking for a refresher and want to rapidly get to grips with doing design thinking in practice.
Hamilton Muslim leader on new $30k scholarship: 'Some good things have come from that horrible event'
Stuff & Waikato Times, 26 August 2020
The University of Waikato has established a new scholarship to be awarded annually to four Muslim students who accepted into a programme of study at the university. Each student will receive $7,500 each.
Dr Asad Mohsin, president of the Waikato Muslim Association and an associate professor in tourism and hospitality management at Waikato Management School, has welcomed the news, which he likens to "finding a few slivers of gold" after the terrible Christchurch mosque terrorist attack.
“There is a feeling that the sacrifice of the 51 people ... should not go to waste. The challenge for us now is that we have to find positive ways of making sure something good comes out of that horrible thing that happened.”
Design thinking course Priority One has collaborated with the University ofWaikato and local design thinking experts to create a new design thinking course in Tauranga. Design Thinking for Business Impact is a new short course that provides an intensive introduction to design thinking. The course offers practical coaching from industry practitioners and formal accreditation from a leading university and has been crafted by experts to get you up to speed and delivering impact fast. Design Thinking for Business Impact is ideal for individuals or teams who are new to design thinking, or looking for a refresher and want to rapidly get to grips with doing design thinking in practice.
Stuff & Waikato Times, 20 August 2020
A predicted surge in the number of Hamilton residents living alone without children is prompting calls for the council to do a rethink on city housing.
Waikato Management School's associate professor in economics Dr Michael Cameron says medium projections show Hamilton’s population will increase from its current total of 172,000 residents to about 200,000 by 2030, and 268,000 residents by 2063.
In his briefing to city councillors, Dr Cameron says, ‘‘In Hamilton, our younger age profile means that we are somewhat protected from [an ageing population] for some time, and it’s not until the very end of the projections that we get to the point where the number of births and deaths actually matches."
Dr Cameron says there will be large increases in the number of residents living alone and couples living together without children. Currently, one-person households make up 24% of the city’s total households. By 2048, one-person households are likely to make up 30% of the city’s total households.
New Zealand Herald, 14 August 2020
Many New Zealand small business owners are feeling completely alone because of Covid-19 - unable to talk to loved ones, staff or get Government help, according to a new study by Dr Amanda Williamson at Waikato Management School.
And the biggest danger to struggling businesses - especially those in vulnerable sectors like hospitality and events - is abrupt changes like this week's returns to restricted levels in Auckland, she said.
StarNews, Southern View, 12 August 2020
A pair of business savvy Christchurch teenagers have come up with a new foam product that prevents sharp objects from puncturing bike tyres.
Josh Baker and Zak Shearer, both 15, were awarded $500 to help them start their Flatless Tyres business from the University of Waikato’s Equity Seed Fund programme for young entrepreneurs. To apply for a share of $10,000 equity seed funding, the cousins had to create a 1-minute video explaining what their business was all about, and how it solved a problem for customers.
The venture was part of the Young Enterprise Trust Scheme (YES), where high school students learn how to run their own business; with real profits and losses.
In June, the University's Waikato Management School ran a Virtual Innovation Bootcamp for around 13 school teams who had received YES equity seed funding. This featured interactive sessions with three of our lecturers - Neihana Jacob, Antoine Gilbert-Saad and Nadia Trent, as well as an entrepreneurship coach.
CNN, 3 August 2020
Japan's love affair with single-use plastic may be coming to an end, with the Japanese government introducing a fee of up to 5 cents for each plastic bag sold by retailers, effective from 1st July.
Dr Roy Larke, a senior lecturer in marketing at Waikato Management School amd editor of JapanConsuming, says Japan's obsession with plastic dates back to the '60s and '70s.
While Japan generates less general waster per person than most developed countries, it also produces more plastic waste per person than anywhere in the world, except the US.
Manufacturers pay more attention to packaging that appeals to consumers looking for quality, says Dr Larke, and the standards are reinforced by retailers who remain convinced that shoppers prefer elaborate wrapping.
"The big retailers see themselves as acting as arbiters of quality for the customer, so they will reject substandard packaging that is too simple," says Dr Larke.
Adverts that play on consumers' insecurities and self-esteem are "one of the most common forms there is", according to Dr Roy Larke, a senior lecturer in marketing at the University of Waikato, who specialises in Japanese retailing and consumer behaviour.
Dr Larke was asked to comment on the rise of YouTube manga adverts in Japan designed to body-shame consumers into buying their products.
"The more the ads target a common area of insecurity, such as weight, skin, or so on, the more successful they are, although more subtle messaging is more common in the West," he says.
"Where these ads may have crossed the line is if they are too explicit in shaming, rather than implicitly causing anxiety among those worried about the problem."
In his experience, Dr Larke says such adverts would ordinarily stress that the products being sold are "the solution to something that 'everyone' worries about" rather than imply that the consumer should be ashamed.
But advertisers targeting "younger, social media-savvy consumers, whose attention span and dwell-time on these types of ads is shorter than older generations" could feel they need to be "harder hitting as a way to gain greater attention", he says.
New Zealand Truck & Driver, 1 August 2020
The results of a cost survey of road transport businesses commissioned by the Road Transport Forum (RTF) from the New Zealand Institute for Business Research at Waikato Management School are now available for purchase.
The survey results provided the evidence to recalibrate the RTF/Grant Thornton Cost Index, a schedule of cost movements that many operators use to demonstrate to customers the movement in their fixed costs and overheads over time.
REDnews, Westpac.co.nz, 13 July 2020
In celebration of Matariki, REDnews interviewed Professor of Management Chellie Spiller, co-author of the book Wayfinding Leadership: Groundbreaking Wisdom for Developing Leaders.
"Wayfinding is the human odyssey,” says Dr Spiller, explaining how it was an ancient wisdom that guided Polynesian navigators to explore and discover islands in the Pacific.
Building on this in her research, Dr Spiller started teaching people how to tap into their inner navigator in times of uncertainty and change in their personal lives, as well as becoming more intuitive and adaptive leaders professionally.
“We do need our plans, but we also need to build this ability to respond to a changing environment and get comfortable with being a bit lost," she says. "This is especially relevant in a post-Covid world, where some of our ways are no longer serving us as we enter a new unknown."
TobaccoIntelligence, 7 July 2020
The Japanese Consumer Affairs Agency has hit tobacco company Philip Morris Japan (PMJ) with a record $5.1 milion fine for misleading discounted price advertising for heated devices that fell foul of Japan’s strict advertising laws.
"It looks like a rookie marketing error to me," said Professor of Marketing Dr Roy Larke, from the University of Waikato's Management School, who specialises in the Japanese retail market.
“Regulations and competitive conditions, including pricing control, in tobacco, is a minefield in itself."
Daily Post, Rotorua, 4 July 2020
Leadership is a journey, not a destination, says Dr Maree Roche, senior lecturer in leadership at Waikato Management School.
She says the attributes of a good leader are the same attributes that make you a decent human being. "It’s behavioural integrity, it’s honesty, it’s openness to relationships, growth and development.”
There are many different styles of leadership, she says, each as crucial as the next. “There’s real moves afoot to looking beyond the person who’s front and centre to looking at the person who perhaps is behind the scenes a little bit more and enabling other people, a service type of leader. They provide the resources for others to succeed, a real humble type of person, who is just as important to the team.
She cites Dr Ashley Bloomfield and Prime Minister Jacinda Ardern as two strong examples of leadership on the world stage.
Stuff & Waikato Times, 22 June 2020
The return of Super Rugby to Hamilton brought sell-out crowds back to the central city on Saturday night - and the local hotel and hospitality sector is feeling more positive about the future.
However, economist Dr Michael Cameron, an associate professor at Waikato Management School, says events like the Chiefs v. Blues game probably had a very small effect on the economy.
‘‘It is still only one night and not all of those people are spending other than going to the game. The actual impact when you look at the economy on the whole is probably very, very small."
Dr Cameron says what would improve the local economy the most is people spending on a day-to-day basis.
Not all communities will have food security in future as Covid-19 crisis highlights supply and poverty issues
Newshub, 20 June 2020
Stuff & Waikato Times, 10 June 2020
Fonterra senior business manager Matt Bolger has been appointed to lead Waikato Management School, taking on the position of Pro-Vice-Chancellor in August.
Mr Bolger says he is excited by the potential to develop future business leaders in what is a significant period of change globally.
“Waikato Management School has a proud history and I'm excited by the potential for students and staff to make an even bigger contribution to Aotearoa New Zealand and the world,” he says.
Mr Bolger's appointment is a strong signal to the business community, says University of Waikato Vice-Chancellor Professor Neil Quigley.
“With his commercial background, industry connections and proven ability to innovate in new fields, Matt is well-placed to develop deeper connections with business and industry, creating greater engagement and impact and build on our reputation as a business school that sits comfortably amongst the best in the world."
Te Ao Maori News, 8 June 2020
Waikato alumna Tania Tapsell (Te Arawa), who graduated from a Bachelor of Management Studies in 2018, says she felt a moral obligation to put herself forward as a political candidate at this year's 2020 general election.
“What I’ve come to realise is the playing field is still quite small," says Tania. "So when our people are facing a significant housing crisis and now a significant economic crisis, to be honest, I just felt a moral obligation to step forward for our communities across the East Coast.”
Tania was 21 when she first entered politics in 2013 and was voted on to the Rotorua District Council. In 2019, she was the highest polling candidate on the Rotorua Lakes Council. She currently chairs the council's operations committee, which oversees $1.2 billion in public assets. And now, Tania has been selected by the National Party as their candidate for the East Coast electorate.
Tapsell's great-uncle was the Māori Labour MP, Sir Peter Tapsell.
LSE, 3 June 2020
The Covid-19 pandemic has brought into sharp focus the urgency of tackling inequalities to create a more just and sustainable future, say two University of Waikato professors, Dr Debashish Munshi (Waikato Management School) and Dr Priya Kurian (Political Science and Public Policy).
If we truly want to prevent future pandemics and tackle climate change, say Dr Munshi and Dr Kurian, then it requires a major culture shift to transform the realities of our planet.
The pandemic has had a devastating impact on the world’s poorest and most vulnerable people. In the UK, for example, the death rate of African and Asian people from Covid-19 was more than twice that of Caucasians, because they are more likely to live in deprived, over-crowded homes, and to be socio-economically disadvantaged.
These issues are discussed in their latest book, Climate Futures: Reimagining Global Climate Justice (Oct 2019).
SunLive, 8 May 2020
Dr Thomas Simnadis, a part-time lecturer on the Waikato MBA programme and former research fellow, has been using his distillery skills to meet the current hand sanitiser shortage.
Dr Simnadis is a business entrepreneur and director of Headlands Distilling Co. “In the lead up to the Covid-19 crisis, we were starting to see sales of vodka and gin slow,” he says. "We took this observation on board and began reconfiguring our production process."
Hand sanitiser's key ingredient is ethanol, which by luck is also one of the core capabilities of a distillery.
Dr Simnadis says one of the best ways for businesses to adapt to crises like Covid-19 is to be ready for shocks before they destroy business value.
“Adaptation requires an understanding of how customer habits have evolved, and offering products and services that can fulfil customer needs ... An entrepreneur that isn’t wed to industry norms or traditional modes of operating is well positioned to see these connections or missed opportunities.”
SunLive, 6 May 2020
Valuable workplace skills and real-life experience were the benefits of a summer research scholarship for Robbie Maris, a second-year student who is taking a Bachelor of Business/Bachelor of Science conjoint degree majoring in economics and chemistry.
Robbie immersed himself in the world of seaweed farming last summer as he worked with a team to develop a business case for cultivating ecklonia radiata (brown seaweed) on existing mussel lines in the Bay of Plenty.
“Because I was studying science and business, I saw the seaweed business case as a perfect combination of marine biology, chemistry and business.”
He was supported throughout the project by lead supervisor Professor Tim Coltman, from Waikato Management School, and Marie Magnusson, from the Marine Biology Team and Coastal Marine Field Station in Tauranga.
Robbie was responsible for organising what was happening on the project, stepping up to lead the team and interviewing stakeholders in the seaweed industry.
“It’s quite nerve-wracking the first time you call someone, particularly when you’re speaking to CEOs of large companies, but once you start speaking with them you start to understand the jargon and you understand people just want to have a conversation and you develop your confidence about what you’re talking about.”
Stuff & Waikato Times, 3 May 2020
Dr Margalit Toledano, Senior Lecturer in Management Communication, says health authorities must try harder to engage with those who have a deep mistrust of vaccines if they wish to successfully eradicate the Covid-19 virus.
To build trust in vaccination and secure herd immunity for the community, better health education is essential to counter conspiracy theories being spread on social media, she says.
“It is essential to listen, understand, and engage in dialogue with these groups – especially with the moderate hesitants," says Dr Toledano. “Otherwise, even once we have a vaccine for Covid-19, achieving the necessary herd immunity will still be a challenge."
Businesses with the word 'Corona' in their name – a Latin word meaning ‘crown’ - or who sell corona-branded products, have taken a financial hit as a result of the Covid-19 pandemic.
The discovery was made by a team of international researchers, including economist Professor Les Oxley from Waikato Management School.
"In all cases, when the World Health Organization put out the alert about coronavirus, their share prices all declined and volatility in their prices increased," said Dr Oxley. "Their prices were lower and their prices were much more variable."
The team of researchers were intrigued by a survey earlier this year which suggested that 38% of beer drinkers in the US would stop drinking Corona, one of the world's top-selling drinks, to avoid catching the Covid-19 virus.
This was "really quite weird", Dr Oxley said, as viruses don't spread through words alone. "The reasons for so would be deemed somewhat irrational, but mostly very unfortunately driven by name association."
A good night's sleep is a critical factor in business managers' ability to be innovative and figure out new ways of operating in a post-Covid-19 economy, says Waikato Management School lecturer Dr Amanda Williamson.
Dr Williamson's research is focused on entrepreneurship and factors that can influence people's ability to behave at their innovative best, think creatively and be more resilient.
Good sleep habits include having a dedicated sleep zone, not overindulging in coffee or alcohol, and limiting screen time before bed.
"When we have a bad night's sleep, when you wake up in the morning, you interpret the world around you more negatively ... your ability to think in new and divergent ways, creative thinking, is greatly reduced," she says. "But when we sleep well, you get the same piece of information and you will interpret it more positively and you can find creative solutions."
In the wake of the Covid-19 crisis, Dr Williamson says the need for businesses to be innovative can't be understated.
"Even businesses that are reliant on in-person customers will be better poised to survive under conditions of mass social distancing if they can radically rethink things. For example, a gym might survive by renting out their gym equipment .... and delivering home workouts online and in large outdoor spaces."
Weekend NZ Herald - Business section, 21 March 2020
Economist Professor Les Oxley was interviewed about the unprecedented impact of the Covid-19 pandemic on stock exchanges around the world.
He began to sense something historic was occurring when global exchanges repeatedly began engaging trading halts in response to a sharp rise in volatility.
“In the early rounds of falls in the market, a lot of commentators were simply saying, ‘This is quite common, there’ll be a bounce back. So don’t panic about your portfolio.’ But what we’re seeing now is double, triple, quadruple dips and I bet they are now wishing they had said something different.”
Professor Oxley says the parallels now are beyond living memory — either the Great Depression or the aftermath of the 1918 Spanish Flu. There is already discussion among historians about Covid-19 marking the end of globalisation as we know it.
“We’re probably going to see a period of slowdown in global trade, and possibly in freer movements across borders generally too ... You can stop people moving, but you can’t stop financial markets responding and they’re moving very quickly.”
Scoop - Science Media Centre, 20 March 2020
Economist Professor Frank Scrimgeour was asked to provide expert comment on the Government's $12.1 billion support package for businesses, employees, beneficiaries, and the aviation and health sectors announced on 17 March.
“It is a valuable contribution to sustaining employment and business activity," said Professor Scrimgeour. “It is imperative that the Government processes are implemented in a timely way to ensure the cash moves."
The challenge now, he says, is to ensure that government and local and regional policy decisions align with these monetary and fiscal decisions.
“The Government also needs to address the challenges that remain in the public sector. The education sector for instance is under great stress and their continued functioning is good for the local economy, but if they end up with financially stressed institutions we create problems down the track."
“In the short run we need to sustain employment and firms but in the long run some jobs and firms will not have a future and there transition needs to be facilitated. Hence, all eyes will start to focus on the upcoming budget."
Stuff, 27 February 2020
New Zealand's multi-billion dollar tourism sector is at risk from the potentially devastating effects of climate change, a new report by University of Waikato academics has warned.
The 48-page report was co-authored by Professor of Management Communication Debashish Munshi (Waikato Management School), along with his Waikato colleagues Prof. Priya Kurian and Assoc. Prof. Sandy Morrison, as part of a $270,000 research and engagement project funded by the Deep South National Science Challenge.
"For a sector that relies on the country's fragile natural assets such as its beaches, mountains and stunning landscapes, the impacts of climate change are potentially devastating," the report says.
The problems, say the authors, lie with a lack of a coherent national strategy on how to respond; large numbers of small businesses that lack the financial resources or ability to tackle the issue; and a focus on short-term business concerns and profits at the expense of long-term planning.
Radio New Zealand, 25 February 2020
A Eurocentric view of climate change fails to recognise many of the threats and impacts affecting Pacific islanders, says researcher Dr Jessica Pasisi, who recently completed her PhD thesis at Waikato Management School.
Ben Kelleher has been appointed to ANZ's senior leadership team as their new managing director of retail and business banking.
Ben studied at the University of Waikato from 1996-2000, where he completed a Bachelor of Management Studies with first class honours in 1999. He followed this up with with a Master of Management Studies in finance and economics (first class honours) in 2000.
ANZ's CEO Antonia Watson says: “Ben brings experience, energy and ideas to retail and business banking at an exciting time. Technology is transforming the industry, enabling us to make banking easier, more convenient and putting the customer in the driver’s seat of their financial future.”
North and South magazine, February 2020
Associate Professor of Economics Michael Cameron was interviewed for a cover story about climate change and the world's growing population, which is set to reach 9.8 billion by 2050.
Having fewer children is the single best measure that individuals can take to fight climate change, because every child generates 58.6 tonnes of carbon emissions a year.
Yet the 'population problem' is rarely mentioned in climate change debates, often because of racial/cultural sensitivities, says Dr Cameron.
"Talking about reducing family sizes can offend a lot of people, from Catholics to Maori and Pacific Islanders, who might have bigger families," he says. "It's easy to point the finger at places like Africa and India and say it's their problem, but that can smack of racism and colonialism."
Dr Cameron says it's also easy to step on landmines such as eugenics and forced family planning via sterilisation, abortion and one-child policies. "That's why governments tend to put population in the too-hard basket and focus instead on issues such as reducing industrial and agricultural emissions, which are also critical."
Sunday Star-Times, Stuff, 9 February 2020
New Zealanders' love of fast fashion is accelerating the world's climate crisis, with far too much re-usable clothing being sent to landfill. Last year, Kiwis spent an average of $750 per person on new clothing and footwear.
Professor Juliet Roper, co-director of the New Zealand Institute for Business Research's Responsible and Sustainable Research Unit, says the pace of the fast fashion industry is having a vast and unsustainable impact on the planet; both environmentally and socially.
"In 2017 it was estimated that the textile industry produces 1.2 billion tonnes of carbon dioxide equivalent per year and that the fashion industry produces about 5% of total global emissions. That's huge," says Professor Roper.
Fast fashion has negative impacts on the climate at all stages of its life cycle, she says. This is seen in everything from "health hazards from clothing dyes, water use, and transport of vast quantities of clothing usually from Asian countries, around the world. Socially, because of continued low wages and unfavourable working conditions."
For example, it takes 20,000 litres of water to produce 1kg of cotton, equating to one t-shirt and a pair of jeans. While people are generally more awake to the climate crisis, Professor Roper says a harmful double standard still exists when it comes to people buying new clothes just to keep up to date with the latest trends.
"If governments were to place restrictions on imports, there would be an outcry from businesses and consumers. Yet at the same time we all express concerns about climate change and pollution," she says.
Newshub, 3 February 2020
The government believes the temporary ban on travellers arriving from China due to coronavirus will only have a "marginal" extra impact on New Zealand's economy.
However, Professor Chris Ryan, director of Waikato Management School's China-New Zealand Tourism Research Unit, told RNZ it wasn't just immediate cancellations that were of concern to the tourism industry. It is possible that China's GDP may decrease due to the impact of the virus, he said. That could result in fewer Chinese having the money to travel to New Zealand.
"If in fact the Chinese economy is hit, then I think that will reduce the number of people likely to come to New Zealand, because we are seen as expensive and there are many significant, cheaper and equally attractive destinations that the Chinese would go to," Professor Ryan said.
Last week, Waikato University's China-New Zealand Tourism Research Unit director, Chris Ryan, told RNZ it wasn't just immediate cancellations that were of concern to the industry, but it was possible China's GDP may decrease due to the impact of the virus. That could mean that less Chinese have the money to travel to New Zealand.
"If in fact the Chinese economy is hit then I think that will reduce the number of people likely to come to New Zealand because we are seen as expensive and there are many significant, cheaper and equally attractive destinations that the Chinese would go to," Prof Ryan said.
Waikato Times, Stuff Politics, 29 January 2020
The New Zealand Electoral Commission should scrap Hamilton’s existing east and west electorates and replace them with north and south electorates, to better reflect the city’s diverse “communities of interest”, according to former Green Party candidate Mark Servian.
But the bold idea is “probably a non-starter”, says associate professor of economics Michael Cameron of Waikato Management School, as it potentially clashes with the commission’s objective of having an equal number of people in each electorate.
Social demographics are not a factor the organisation takes into consideration, says Dr Cameron. However topographical features are – and the river is a prominent and natural dividing line.
‘‘The other thing the commission doesn’t want to do is create any unnecessary confusion. Everyone in Hamilton would effectively be in a new electorate under this proposal, so it would probably not be acceptable to them on that basis.’’
If China's economy takes a hit from the Wuhan coronavirus, it could prove costly for our tourism industry in the short-term, says China-New Zealand tourism expert Professor Chris Ryan of Waikato Management School.
"If in fact the Chinese economy is hit then I think that will reduce the number of people likely to come to New Zealand because we are seen as expensive, and there are many significant, cheaper and equally attractive destinations that the Chinese would go to," says Professor Ryan.
The prediction of one million visitors was likely to still happen, it might just take more time.
"But we have to remember ... We face a much more competitive situation, every country in the world is really after the Chinese tourist ... We still need to keep very close tabs on Chinese consumer spending patterns. We need to remember that China is also an ageing population."
The world's first electric bike that lets you cycle on water at speeds of up to 20 kmph, the Manta5 Hydrofoiler XE-1, has officially launched at the Consumer Electronics Show (CES) in Las Vegas. Watch the video here.
"Being a pure, new invention and not having a lot to go on, the whole design challenge has been huge," says Manta5 chief executive Greg Johnston; who is an alumnus of Waikato Management School (Bachelor of Management Studies with Honours, 2014).
'It replicates the workout of a traditional road or mountain bike - but on water," says Johnston, who believes the bike could potentially become a future Olympic sport. "We're pretty excited at being the first to market and cultivating a whole new sport ... it's a pretty exciting time for us over the next six months," he says.
New Zealand startup company Manta5 is based in the Waikato and was founded in 2011 by Guy Howard-Willis and Roland Alonzo; both passionate cyclists. They developed eight major prototypes for the bike before perfecting the final design.
'Mastering it is like cycling for the first time. It might take a few attempts, but once you get the hang of it, hydrofoiling is a lot of fun,' Johnston says.
Stuff - Sports section, 11 January 2020
Crowd attendances at Super Rugby games are are in sharp decline, having fallen by 30% on average since 2015.
Waikato Management School marketing lecturer Korey Rubenstein says the writing is on the wall for some Super Rugby clubs unless they learn to adapt to a competitive environment.
Getting people to buy a ticket for a game is only half the challenge, he says. Organisations then need to make fans "sticky" by creating memorable interactions to keep people coming back week after week.
Everything about the customer experience needs to be quality, he says, from the travel and entertainment to the food sold at the stadium, which has long been a criticism.
Rubenstein says a major problem he sees is that Super Rugby clubs aren't "segmenting the market" appropriately to reward more loyal or higher-spending customers, such as season members. "That could be a tour of the changing room or gym, or going behind the scenes to see them warm up or meet part of the team, or lounge access with cocktails and recliners etc."
He wonders if Super Rugby franchises are doing the research to understand their customers' needs and motives. "Make it worth the fans' time and effort to come to those games, and really pull out all the stops to reward them and encourage them to be there," Rubenstein says.
Waikato Times, Hamilton Press, Stuff, 13 December 2019
The asking price for Waikato homes has skyrocketed by 74% in the past five years, reaching a median sale price of $590,000 in November 2019, information from Trade Me shows.
Professor of Economics Frank Scrimgeour, from Waikato Management Schooll, says the lower interest rate regime has helped buyers enormously.
‘‘I was at an auction the other day, and ... for the period I was there the only houses sold were under $600,000. So buying a house in Hamilton is challenging, but the fact there’s more activity in that space suggests there are a number of people who are finding it is affordable and can make the transition," he says.
But with rising average asking and sale prices, his concern is people’s ability to buy their own homes. ‘‘The interest rate side of things is under control at the moment but there are two important areas: increasing people’s incomes and finding ways to increase supply and reduce cost."
Professor Scrimgeour is also concerned about the lack of land supply pushing up prices. ‘‘The infrastructure is not being put in fast enough to sustain the number of new house builds that we need here.’’
Things like wastewater infrastructure and roading needs to be brought up to standard if people want to develop on an area. Developments seem to be occurring very slowly, he says.
The Washington Post, Forbes, Bloomberg, The Financial Times, Business Insider India, ABC News, Stuff, 13 December 2019
General Motors' ex-boss Dan Ammann, an alumnus of Waikato Management School who is now chief executive of GM's self-driving car startup Cruise, has said in a recent blog post that transportation is “broken” and society "must move beyond the car".
‘‘Imagine if someone invented a new transportation system and said, ‘I’ve designed a new way of getting around: it’s powered by fossil fuels that will pollute our air. It will congest our cities to the point of inciting rage in its users. Its human operators will be fallible, killing 40,000 Americans – and more than a million people around the world – every year’,’’ Ammann wrote. "You’d say, ‘You’re crazy’.’’
Ammann, 47, is promoting the idea that electric, self-driving vehicles purpose-built for ride-sharing are the best cure for modern-day urban transportation woes. At present Cruise is testing its fleet of electric, on-demand vehicles, but it had to postpone a goal of deploying them this year.
Ammann grew up in Hamilton and graduated from the University of Waikato in 1994 with a Bachelor of Management Studies with First Class Honours.
In 2009 he became an adviser for the GM board over its post-bankruptcy restructuring, after working as a banker for Morgan Stanley in New York, covering the automotive industry with General Motors as one of his clients. In 2015 Ammann was appointed as president of GM, before taking the lead at Cruise in 2018.
Newsroom, 5 December 2019
Economist Professor John Gibson says it's time to start giving credit to the 16,000 seasonal migrant workers from Pacific nations who come to work in New Zealand every year for the crucial role they play in our horticulture and wine industries.
Professor Gibson, who has been analysing the impacts of the government's Recognised Seasonal Employer (RSE) scheme since it was introduced in 2007, says the RSE has helped to grow our apple, kiwifruit and wine exports by about $1 billion per year.