Waikato Management School
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.”
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.