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.
Waikato Business News, 2 December 2019
Waikato Times and Newstalk ZB, 14 November 2019
A new economic report published by the New Zealand Institute for Business Research (NZIBR) shows this year’s Fieldays at Mystery Creek generated $549m in sales revenue for New Zealand firms, including $183 million for Waikato businesses. That's an increase of more than $50 million on last year.
The report by Dr Warren Hughes says the 10-13 June agricultural event also sustained over 2000 full-year jobs - 900 of those in the Waikato region - and it generated $247m additional GDP for the New Zealand economy, with $80m of that added to Waikato’s GDP.
Fieldays' general manager commercial Nick Dromgool told Mike Hosking on Newstalk ZB that the event is estimated to have contributed over $18 billion to the national economy.
"We're very conscious that we need to lead change, and that's what we're focused on."
NZ Herald, 29 October 2019
An article in the NZ Herald investigated whether university graduates are delaying home ownership or having children until they had paid off their student loans.
The article referenced a 2003 study by Waikato University economists John Gibson and Grant Scobie, which found the chances of a non-partnered person owning their own home were reduced by 60% if they had an outstanding student loan, after allowing for age, income sources and other factors.
However, the study found the opposite effect for couples. Couples were actually 11% more likely to own their own homes if they had a student loan, even after allowing for other factors — perhaps because of factors that could not be measured such as stable career paths and perseverance.
Overall,Gibson and Scobie found that student loans had no significant effect on the number of children people had.
Waikato Times, Stuff, 28 October 2019
Hamilton's population might be growing at a rate 30 per cent faster than the New Zealand average, but growth is still not as explosive as some people might dream.
Labour list MP Jamie Strange said he believes Hamilton's growth is so significant it could become New Zealand's second biggest city in the next 30 years.
However, University of Waikato economics professor Dr Michael Cameron said Hamilton isn't growing nearly fast enough to overtake Wellington and Christchurch within the next 30 to 50 years.
"Hamilton's population is about 50,000 smaller than Wellington and nearly 200,000 smaller than Christchurch, that's a lot to catch up on. Canterbury had a major earthquake which decimated the city of Christchurch, but we still haven't caught up with them."
"If you are talking about, is Hamilton going to be a city of 200,000; sure it's going to be that. But Wellington is certainly going to be big and bigger and Christchurch is also going to be big and bigger."
Transport Talk, October 2019
The New Zealand Institute for Business Research has once again been commissioned to carry out the Road Transport Forum's Road Transport Cost Comparison Survey of transport operators in New Zealand to ascertain changing costs on a regional, sector and size basis, such as fuel, road user charges, wages, depreciation, overheads, repairs and maintenance.
This survey is carried out every 4-5 years and feeds into the Road Transport Forum's annually updated Road Transport Cost Index. The survey results will be provided free-of-charge to industry association members.
Newstalk ZB, Breakfast show with Mike Hosking, 9 October 2019
Professor of Finance Stuart Locke was interviewed about the Government's $7.5 billion budget surplus, announced this week.
He told Mike Hosking that he believes new spending should be on agriculture and meat alternatives, to protect the economy for the future.
"We shouldn't go and have a street party with the surplus. We do have to use it wisely, especially as the global economy is slowing down," said Professor Locke.
Michael Cameron on the 2018 Census
Newshub's The AM Show, 24 September 2019
Associate Professor of Economics Michael Cameron was interviewed by Newshub's The AM Show on 24 September about the release of the 2018 Census data by Statistics New Zealand.
He believes our increased population of 4.7 million - up 457,000 since 2013 - is due to an influx of people moving to New Zealand, resulting in the need for another electorate. More than a quarter of people (27.4%) said they were not born here.
"International migration is still high, but it's nowhere near as high as it was over that five-year period, so while the population is still growing, it's probably not growing nearly as fast as it was between 2013-2018," said Dr Cameron.
The Waikato Times, 24 September 2019
A report produced by Auckland company Urban Economics that warns Hamilton faces increasingly unaffordable house prices has been heavily criticised by Hamilton City Council as containing "fundamental inaccuracies".
However, Professor of Economics Frank Scrimgeour gave the report a B+ grade and said it was "not a rubbish report".
"It’s a useful report which raises important questions that haven’t been addressed elsewhere which need to be addressed," said Professor Scrimgeour.
‘‘It’s not an ‘A’, there are some deficiencies, but you don’t fail the student because they haven’t perfected everything and just because the messenger hasn’t got all of the details right, you don’t say the messenger is useless; you say ‘What can we learn from this?"
Mediawatch, Radio New Zealand, 22 September 2019
Associate Professor Lee Edwards from London School of Economics has warned that the public relations industry's role in spreading fake news and spinning the truth on behalf of its clients has been overlooked.
The Spinoff, 18 September 2019
Environmental economics lecturer Dr Zack Dorner wrote an opinion editorial for The Spinoff explaining why it's not pointless for individuals to take action against climate change in their everyday lives, such as planting a tree or cycling to work.
"Every tonne of carbon dioxide we stop from going in to the atmosphere makes it more likely we will keep our coral reefs. Every contribution we make to the global climate public good makes extreme storms less likely," he said.
"About every 6,000km you drive in your 2010 1.8L Toyota Corolla will emit 1 tonne of carbon dioxide. By cycling instead of driving that distance ... you have given the world some small but still real benefit of less climate change."
Dr Dorner argued that by doing so, you are contributing to a global public good that benefits 7 billion people. This in turn helps to create new social norms that encourage others to change too. "For those of us who have the ability to make climate friendly choices now, we should do so."
Stuff, 8 July 2019
Professor Mark Harcourt is among 42 New Zealand employment law experts calling for default unionism to help address the rise of income inequality.
Workers would automatically be enrolled as members in a union and could choose to opt out immediately if they wished.
However, it's not a return to compulsory unionism, says Professor Harcourt.
"It preserves the freedom to associate and not to associate with a union, but it makes it a lot easier for people to choose union membership while still enabling them to choose no membership."
Studies from overseas proved the decline of union membership was a major factor in the rise in income inequality, he says.
American evidence shows lowest paid workers' wages increased 30-40 per cent with membership in unions.
"The primary benefit [of default unionism] would be to raise the pay of the lowest paid, because unions would have far more negotiating power than individuals alone."
Radio Newstalk ZB, 2 July 2019
A world first opt-out union membership system that would see workers automatically signed up to a union when they sign their employment contract has been proposed for New Zealand by academics from the University of Waikato.
Professor of Human Resource Management Mark Harcourt says the current opt-in system makes it harder for unions to gather new members, who are afraid of offending their employer. "At the moment inertia keeps people out of unions, but with a union default, inertia would be seen as an advantage."
He says research shows widening income inequality can be partly linked to the decline in unions and collective bargaining.
"I’m aware people might say this is a backdoor route to socialism; an affront to individual liberty," says Professor Harcourt. "But people would be able to opt out if they chose to. It’s not a closed shop we’re suggesting."
Waikato Business News, 1 July 2019
Hamilton-based social enterprise The WaterBoy is creating stronger communities by helping Kiwi kids realise their dreams of playing sport.
Founder and director Thomas Nabbs (Waikato’s Bachelor of Management Studies, 2010) believes every Kiwi kid should have the opportunity to play sport, as it has countless benefits for developing their self-esteem, social and leadership skills.
But many families are struggling, says Nabbs, and can’t afford to pay for club fees or new soccer boots.
“I’m a firm believer that we’ve got to create an environment for our children to thrive and grow in. And those kids were missing out on so many opportunities to grow and be strong, to reach their potential through the skills they learned in sport,” he says.
Nabbs turned to local businesses for help, and the support was overwhelming – The WaterBoy foundation now has more than 60 sponsors helping to make a positive difference in children’s lives.
Northern Advocate / NZ Herald, 1 July 2019
School children have planted 51 trees at Whangārei Falls to honour each of the 51 victims of the Christchurch mosque shootings.
Their inspiration for the tree-planting project came out of a 'Curious Minds-Possible Worlds' course for school children, developed and taught by Professor Kathryn Pavlovich, which seeks to develop children's curiosity, creativity and problem-solving skills.
NZ Herald, 15 June 2019
Prisoners busted for drug dealing are being taught how to "go straight" and start a legitimate business through a remarkable new online course taught at Auckland Women's Prison.
Twenty female prisoners; some of whom could barely read and write, have all passed the University of Waikato Management School paper in entrepreneurship, which required developing business plans for a variety of products and services.
Teaching fellow Gina Millar designed the paper, which is delivered via 20 new iPads funded by the University.
“We are looking into different ways to get them to go back out into society and redirect their skills," says Millar. "Most of them have children, and they want to get them back. They know they need to have a legitimate way of earning money.”
Millar said she was afraid it was a little bit too complex because there was such varying ability of literacy and education in the group. "It's been quite amazing seeing the impact, just incredible growth. They are so much more confident and inspired. Just using the business language, they have really assimilated the information, which is quite amazing to see."
Read the full story about this project, The Entrepreneurial Inmate, 27 May 2019
New Zealand Herald / Waikato Business News, 21 May 2019
A team of students from Waikato Management School have won $10,000 at the NZ Startup Bootcamp Competition with their innovative idea for a 'Chameleon' colour-changing product that can detect gas leaks in refrigeration systems.
After 48 intense hours, the four Bachelor of Management Studies (Honours) students beat nine other teams to win the 'Gallagher Best New Idea' award category on 19 May.
The team plans to invest their $10,000 into their business, and they recommend the bootcamp to anyone who wants to test out a new business idea.
“One of the most valuable things we learnt is that it’s really important that your product is solving a real-life problem,” says team member Namrah Siddiqui Carpio. “Refrigeration is one of the leading causes of emissions, so our product is helping to combat global warming.”
His teammate, Callum Macdonald, credits Waikato Management School's practical papers with giving them presentation skills and experience. “The judges commented on our pitch quality, and I think that’s a direct result of the some of the experiences we’ve had at uni.”
Read more in the Waikato Business News.
Waikato Business News, 30 April 2019
Avon CEO Jan Zigderveld shared his thoughts on where the global economy is heading to around 200 people at a 'Future of Work' conference held at Waikato Management School on 15 April.
In an increasingly polarised world, in business there are only two models of success - super-premium or super-value, he explained.
“If you think about any market and you go for the middle, you are dead," said Zigderveld. “The average is always wrong. The trick when it comes to data is to look for the peaks and troughs."
“Look at food. We have one billion people that are overweight, we also have one billion people that are still struggling. So they need food and need nutrition and both are business opportunities, but they are actually the opposites.”
Zijderveld, who graduated from Waikato with a Bachelor of Management Studies in 1987, also covered environmental challenges and technological change in his address.
The planet is under stress, he said. Almost all leading organisations in Europe had made a commitment to be carbon neutral or better. “Because they realise that if your business model is based on the old world of destroying and using up this world, it is not a great investment. Your company is not going to be around in 10 or 20 years’ time.”
Waikato Business News, 30 April 2019
Quantec CEO Raewyn McPhillips says taking out the supreme award at the annual Natural Health Products NZ awards is welcome recognition that the 10-year-old company is on the right path.
“We are a company that tries to do new and innovative things with bioactive proteins. We don’t take the well-worn path.”
McPhillips completed her Master of Business Administration at Waikato Management School in 2017 and was appointed as the company’s inaugural CEO last year.
China is an enormous and growing market for Quantec, she says. “We’re particularly in the young children range, but know IDP is equally good for gut health and immunity for adults.”
Waikato Business News, 30 April 2019
A unique leadership programme that has the community as "part of its DNA" has produced its latest cohort of 18 graduates, bringing the total to 79 over four years.
The Elevate programme sees Waikato businesses paying $25,000 for one of their own leaders to attend the course, as well as a second place given for free to a not-for-profit community leader.
The course is run by the Community and Enterprise Leadership Foundation (CELF) in partnership with Waikato Management School.
“The powerful factor in all of this is having those two groups of people come together and learn off each other and with each other, about themselves, their organisations and their community,” says CELF director Tania Witheford.
For the community organisations, the course offers an opportunity that they would struggle to fund themselves, says Witheford. “Their passion drives them, but unfortunately they don’t have the funding for that professional development."
Business Standard / AFP, 17 April 2019
Prime Minister Jacinda Ardern has abandoned plans to introduce a capital gains tax on asset sales, leaving New Zealand among a handful of developed countries not to impose such a levy.
However, Professor of Economics Frank Scrimgeour told AFP that a capital gains tax, while universally widespread, has not necessarily been effective.
"The proposal that came back from the Tax Working Group would not really have made a significant difference to the equity argument," he says. "It would not raise significant money and would complicate the tax system."
In a perfect world a tax on capital should be straightforward, but in reality it was difficult to achieve. "In other countries it has not solved the kinds of problems CGT proponents suggested it should."
TVNZ Seven Sharp, 15 April 2019
Associate Professor Peter Sun has suggested that employers could pay millennial workers while they're on their 'OE' to develop their leadership skills and entice them to stay with the company.
Dr Sun was interviewed live on camera by Seven Sharp co-hosts Hilary Barry and Jeremy Wells during Waikato Management School's Future of Work Conference on 15 April.
Dr Sun said millennials are "more purpose driven" and less loyal than previous generations of employees.
"So the question is how do you retain them? How do you attract them into your organisation? So by giving millennials the OE experience they so desire, I think it is a great lever to attract them and keep them."
Radio Newstalk ZB, 15 April 2019
Four-day working weeks and paid overseas holidays are being suggested as some ways to help retain millennial staff.
A Future of Work conference held at the University of Waikato's Management School is looking at trends that will affect the future of work.
Associate Professor of Leadership Dr Peter Sun has been looking at how to boost retention of younger staff. "Millennials today are more socially conscious than in the past, so companies need to look at having a social purpose in what they do," he says.
"Millennials have replaced baby boomers as the largest working generation globally. They crave more adventure and more work-life balance; it's important for organisations to be aware of how they operate."
Waikato Times / Stuff, 14 April 2019
Being paid to go on your OE by your employer is one of the ideas being tossed about as a way to deal with generational change in the workforce, says Associate Professor of Leadership Peter Sun.
It was one of a raft of issues discussed at a Future of Work conference held at Waikato Management School on 15 April, where Avon CEO Jan Zijderveld headlined a group of business leaders and academics to canvas mega trends affecting the future of work.
Unlike their parents' generation, millennials don't feel a strong sense of loyalty to a particular company, says Dr Sun. "Nowadays people are asking the question 'why am I coming to work?'. The new workforce today crave more adventure and more work-life balance."
Bay of Plenty Times, NZ Herald, 12 April 2019
Professor Alister Jones spoke to the Bay of Plenty Times about the opening of the University of Waikato's new $60 million Tauranga campus.
"It is designed to feel like you are not inside a building. The views are great; you can see the sea and you can see the city."
The campus includes a 200-seat lecture theatre, a multi-function space and a 24-hour computer lab. An 18m-high poutokomanawa panel lights up the central atrium, stretching from the ground floor to the fourth floor.
Professor Jones smiles as he walks through the corridors of the campus he campaigned for. "We have taken what was a carpark and turned it into an iconic building," he says. "We think it is going to serve our students and community well."
Bay of Plenty Times, NZ Herald, 9 April 2019
Waikato Management School graduate Portia Thompson (BMS(Hons), 2018) spent a week in Cambodia conducting research into landmines with her former economics lecturer, Dr Steven Lim.
Their task? To help the Cambodian government develop a national strategy for ridding the country of landmines and unexploded bombs by 2025. Cambodia has one of the largest landmine and explosive remnants of war contamination in the world.
Portia says Dr Lim had often talked about the mine clearance work he’d been doing with the Cambodian government and the Cambodian Mine Action Centre (CMAC), and he’d used examples of his work in lectures.
Clearing an area of landmines not only means a reduction in deaths and injuries; it also frees up land for production and infrastructure, she says. "That was eye-opening, to see how they'd adapted to their situation."
Japan Times, Reuters, The Strait Times, 22 March 2019
Japan's 24-hour convenience stores are struggling to stay open around the clock as an industry that has continually expanded now finds itself at the sharp end of a labour shortage.
Dr Roy Larke, a senior lecturer in marketing who analyses Japan's retail industry as editor of JapanConsuming.com, said he sees the sector as saturated and consolidation inevitable.
"We do have too many convenience stores now, sometimes literally next door to each other. There are probably around 10 per cent too many," he said.
NZ Herald, 16 January 2019
Business entrepreneur and Just Water founder Tony Falkenstein has pledged a half-million dollar donation to enable students at Waikato Management School to travel overseas and experience global business innovation.
Falkenstein, who is a champion of innovation and entrepreneurship, said he was "putting my money where my mouth is".
The overseas study tour will form part of a capstone paper in the four-year Bachelor of Management Studies with Honours degree. Students will visit one or more countries and have the opportunity to visit successful businesses.
Mr Falkenstein has been a member of the management school's business advisory board for two years and was inducted into the New Zealand Business Hall of Fame in 2008.
“A course which allows students to ‘open their eyes’ to global business opportunities through overseas travel is something I would like to see as the standard in every student’s education,” he says.
Read more in the Waikato Business News, 31 January 2019
Farmers Weekly, 26 October 2018
Huge costs in New Zealand’s net zero carbon emission goals could cost the country more than a trillion dollars by 2050, agricultural economists have warned.
Professor of Economics Frank Scrimgeour shares concerns about the impact of lower carbon emissions on New Zealand's economy. He did some modelling work 10 years ago looking at the impact of carbon and fuel taxes.
“What I found then, and I suspect it holds today, is the devil is in the detail with such policies. They had quite definite impacts on GDP and there could be several ways to achieve the same result.”
A number of indicators he used including household income and capital formation highlighted such policies are also uneven in their impact on sectors.
“There can be quite shocking effects when you look past the average outcome across the entire economy. Such aggressive policies will inflict more economic pain than people realise.”
Waikato Times / Stuff, 21 October 2018
The low exchange rate could spell good news for New Zealand retailers as Kiwi shoppers looking for online bargains from stores such as Amazon and Apple risk paying more this Christmas.
University of Waikato Professor of Finance Stewart Locke warned people buying products online to check their actual cost before committing to buying, and look at which country the item was coming from.
Since June the NZ dollar has fallen from 72 cents to 65 cents relative to the US dollar, which has pushed up the price of online goods purchased in US dollars. However, not all overseas imports would be affected.
"Buying things overseas, the US dollar price is going to make it more expensive for us. But for those in countries that are producing the products, the price they are going to get in pounds is going to be a lot more so their prices are falling," said Professor Locke. "We might not be that badly off. American cars might go up in price, but European cars may not."
NZ Herald on Sunday, 21 October 2018
We live in a consumer culture, and the appetite to spend is worse the younger you are. One of the reasons we fall for consumerism is that we don't do the sums, says Professor of Finance Stuart Locke.
"From a finance perspective, the promotion of specials incorporating no internet or no payments to be made for 36 months etc. plays on the average person's lack of sufficient financial literacy to work out there are no free lunches here," says Professor Locke.
"These deals are loaded with fees, which simply replace the interest rate as an income stream."
BizEDGE New Zealand, 8 October 2018
The Waikato might be one of the best regions for producing innovative ideas, but it’s not so good at commercialising them.
Professor Tim Coltman says New Zealand businesses are still looking over their shoulder to assess ‘threats’ from disruptive technologies like artificial intelligence and blockchain. But some businesses are better at responding to change than others.
“If we want to grow the nation’s wealth, then businesses across all sectors – from agriculture to tourism – need to find ways of learning from market leaders to reduce the uncertainty associated with investment in technological innovation,” says Professor Coltman.
However, there is promise – solid management science that’s used intuitively could be used to help business leaders make better decisions. “Taking a more scientific approach to understand the impact of disruptive technologies can lead to more accurate forecasts and even slight improvements, and can save you big money,” he says.
Carbon News, 28 September 2018
Companies are being told to take a hard look at what they can do for New Zealand’s struggling biodiversity – because it’s good for business.
“In the United States, what they’re now calling the 'restoration economy' is worth $25 billion and creates 25 million jobs,” Associate Professor Eva Collins told the Carbon News.
Dr Collins is part of a research programme at the University of Waikato looking at how native biodiversity can be improved in cities. “It’s not going to happen without business. Business has to be there, because it’s got the resources," she says.
Collins says businesses are starting to understand the value of getting involved in environmental projects, especially as they start looking at the implications of climate change for New Zealand. “If you’re in the insurance industry, having healthy mangrove and wetland systems there to reduce flooding is of material benefit to you,” she says.
Collins will speak about the power of cross-sector partnerships between business, not-for-profits and the government to scale up innovative biodiversity at the 'Biodiversity and Business - Growth for Good' event at the Mission Estate Winery in Hawke’s Bay on October 9.
Newstalk ZB, 10 August 2018
Agribusiness expert Professor Stuart Locke told Mike Hosking on Newstalk ZB that Fonterra's recent trading halt on shares is alarming, and has caught everyone by surprise.
Shares in the dairy giant have been placed on a trading halt, here and across the Tasman, as the company goes over its annual financial statements for the financial year just passed. It says it's found there may be a difference between the final figure and the earnings guidance it's previously given to the market.
"I don't think anybody was expecting this and nobody seems to know which way it's going to go. Was there previous forecast on the high side or was it on the low side?", he said.
Waikato Times and Hamilton Press, 25 July 2018; Hamilton News, 27 July 2018, Waikato Business News, 9 August 2018
A team of management students from the University of Waikato are relishing the sweet taste of victory after winning the Student Development Society National Business Case League.
Waikato's case team were named national champions at the weekend following their outstanding performance in all three rounds of the inter-university competition, held in Dunedin, Auckland and Wellington.
Team member Liam Whittaker said case competitions played an important role in bringing business theory to life.
"All the theory they teach us in class is with reference to real-world case studies, which really highlights the practical nature of business. So when you're asked to present a viable business strategy for a company in a short timeframe, it's not that intimidating because you've already been exposed to this style of lateral thinking before," said Liam.
NZ Herald, 25 June 2018
The University of Waikato's New Zealand Institute for Business Research (NZIBR) has completed the first study of its kind to measure a region's attractiveness for people to live, work and play, on behalf of business think-tank Agenda Waikato.
Based on 87 indicators of wellbeing - related to financial/physical capital, social capital, human capital and environmental capital - the study results show the Waikato beats other regions within New Zealand as an attractive place to live and play, but lags slightly behind on its work score.
Data was collected from multiple sources, including Statistics NZ, NZ Police, Waikato District Health Board, the Ministry of Business, Innovation and Employment, NIWA, and city, district and regional councils.
NZ Farmer / Stuff, 10 June 2018
Professor of Economics Frank Scrimgeour has predicted a record spend by farmers at this year's National Fieldays. He believes 30% of visitors will spend more money.
"It seems to me with the forecast of the milk price and other agricultural commodities reasonably high, you would expect it would be a very successful event this year. I am expecting another record."
Scrimgeour said it's clear that cash flow is steady for most farm businesses. "I think people have been chastened by price shocks in recent years – weather, angst about the government – so they're not going to be going mad and just throwing money away. But where there is opportunity, people will be taking it."
Waikato Times / Stuff, 26 May 2018
Professor of Economics Frank Scrimgeour says this year's Budget was better than he was expecting. "I was concerned that we might end up like the Australians, where the government abandoned their fiscal responsibility," he told the Waikato Times.
"I think there are several areas where there is potential benefit for the region." Firstly, there is money allocated for investment in economic growth, as well as investment in fisheries management. Secondly, there is significant expenditure on public health, particularly mental health, says Professor Scrimgeour.
"I would have liked for them to have straight forwardly said that they were funding the Waikato medical school. That would have been a good thing to have happened. It's also useful what they have signalled with the expenditure around rail in Auckland and that they announced a bit more of what the gameplan for rail around New Zealand is."
Stuff, 30 April 2018
The reasons why people visit 'dark tourism' sites of disaster or death - such as 9/11 Ground Zero in New York or Nazi death camps - vary widely and can change over time, says Professor of Tourism Management Chris Ryan.
People may initially visit out of respect for those who lost their lives. "But as time passes and the relationship of those living with the deceased melds into decades and even centuries, the motives for visits change," says Professor Ryan. "Those who visit sites such as the battlefield of Culloden or those of the English Civil War may be interested in these places as the sites of significant events, and not simply as places of disaster," says Professor Ryan.
Visitors can also be searching for a better understanding of personal, regional or national identity, he says. "The Battle of Waterloo is writ large in the formation of the island story of Britain, and arguably even more so with the events of Dunkirk."
Stuff, 10 April 2018
Professor of Accounting Howard Davey had some sage words of advice for the record 26 businesses who have entered 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 just be looking for businesses that are making large profits, but also those that are growing year-on-year.
Stuff, 10 April 2018
Dr Gohan Khan, senior lecturer in digital business, was interviewed 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.
Radio New Zealand, 11 March 2018
Secretary to the Treasury Gabriel Makhlouf, the govenrment's lead advisor on economic and financial policy gave a public talk at Waikato Management School on 7 March 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, community assets and human capital, such as people’s health, skills and qualifications, and people having greater opportunities to live a life they value.
Stuff (Business Day), 22 February 2018
Brand strategist and marketing lecturer Korey Rubenstein was interviewed 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."
Former Minister of Māori Development returns to University of Waikato as academic
Maori Television, 16 February 2018
The University of Waikato recently welcomed former co-leader of the Māori Party and Waikato alumnus Te Ururoa Flavell as a professiorial fellow of the University.
Flavell will be teaching Māori concepts of leadership and Māori business development at Waikato Management School.
Vogue Magazine, 15 February 2018
It's not everyday the New Zealand️ Prime Minister and University of Waikato alumna is featured in Vogue magazine. Jacinda Ardern's time at Waikato Management School studying public relations and communications gets a mention in the 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."
Indian Weekender, 8 February 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 Rural News, 7 February 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)).
CNBC, 5 February 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.
Edmund Hillary Fellowship, 10 January 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.
National Business Review, 15 December 2017
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.
Stuff, 30 November 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?"
New Zealand Herald, 29 November 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.
Scoop, 27 November 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 November 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.
NZ Herald, 24 November 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."
TIME magazine, 20 November 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.”
Finsia, 1 November 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.