Business & Finance

Mohammad Anas Wahaj | 06 oct 2013

Prof. Enrique M. Soriano of the Ateneo Graduate School of Business in Philippines, explores the must-have entrepreneurial traits in individuals running their family businesses. He suggests - Know your business partners and suppliers and call them by their first names; Build strong relationships with family members by letting them know that you care; Make friends with similar business interests and goals; Consider your competitors as human beings and interact accordingly even if they don't further your business; Be persistent and consider failures as learning experiences; Manage creatively and support teamwork by understanding diverse nature of employees, family members, suppliers and customers; Imbibe meritocracy among family members while discussing the topic of family business continuity and succession planning; Ensure good planning and monitoring and consider family business as an intellectual property asset; Value your family business brand; Accept and support disagreements to maintain democratic style of functioning. Read on...

Sun Star: Most valued entrepreneurial traits in the family business
Author: Enrique M. Soriano

Mohammad Anas Wahaj | 05 oct 2013

According to the recent survey conducted by Deloitte, a global consulting firm, corporate reputation and the resulting consequences of a reputation damaging instance or situation are the top strategic risks for the large companies. Almost 50% executives mentioned social media as the most important technological phenomena that has transformed reputation management. Executives consider social media as a tool that have lessened their power of control since the damaging news is shared easily and spreads faster to a larger audience. Recent instances of reputational crises among businesses and organizations has also increased the importance of reputational risks in the mind of the executives and has brought it at the top of their strategic focus. Read on...

FINANCIAL: Reputation surpasses economic and business model concerns as top strategic risk: Deloitte
Author: NA

Mohammad Anas Wahaj | 25 sep 2013

The general benefits of cloud computing include cost savings, elasticity, scalability, storage on demand etc. But according to the article in addition to these there are other unexpected advantages to the businesses when they adopt cloud computing services - More flexibility to get into new businesses as companies can try out new ideas for product development without making large investments of money and time; Smooth mergers and acquisitions due to faster transition from one system to another; Ability to duplicate or adopt successful business processes others have hashed out; Cloud computing provides CIOs, CTOs and other top technology executives to think and act strategically as it frees up their time that would have been used up for supervising routine maintenance of internal IT systems; Cloud provides opportunity to easily expand services developed for internal users to the outside partners and customers. Read on...

Forbes: 5 Benefits Of Cloud Computing You Aren't Likely To See In A Sales Brochure
Author: Joe McKendrick

Mohammad Anas Wahaj | 05 sep 2013

Manufacturing sector around the world is undergoing difficult times due to the adverse global economic conditions. With certain changes happening in China, low-cost manufacturing is shifting to Vietnam and India. Australian companies are also exploring opportunities in Taiwan, which is a hub of electronics hardware development. Taiwan continues to find success in high IP manufacturing sectors like ICT, electronics components and parts, semiconductor and smartphones, by balancing low-cost labor and R&D capabilities. The article explores the dynamics of manufacturing industry in Taiwan with examples of success of various companies and their strategies. Read on...

Electronics News: Flexibility, focus and drive - the future for manufacturing
Author: Isaac Leung

Mohammad Anas Wahaj | 14 aug 2013

Both retailers and consumers are finding value out of the 'Fast Fashion' trends even though the manufacturing units churning out these items have critical issues related to safety conditions and employee protection. Fast fashion is a concept of selling inexpensive copies of the designer garments within the weeks of the original's debut in the market. It's basically making the latest fashion available to the mass consumers. Retailers are trying to improve the conditions of manufacturing facilities, often situated in developing countries, by signing contracts with them to ensure worker safety and other related issues. Even though consumers are now aware of the plight of the employees in these units because of the news media but this is not translating into their buying behavior for the trendy fashion. Consumers are still finding it advantageous in many ways. While labor activists expect more concern and proactive actions from consumers for bringing out change in current practices of the global garment industry. Read on...

The Washington Post: Cheap, trendy 'fast fashion' in demand, despite factory dangers
Author: Cara Kelly

Mohammad Anas Wahaj | 11 aug 2013

The 10th Commonwealth Women Affairs Ministers Meeting (CWAMM) was recently held in Bangladesh. The theme of the meeting was 'Women's Leadership for Enterprise'. Gender equality and barriers to women entrepreneurship were among the various issues that were discussed in the meeting. According to the Secretary-General of CWAMM, Kamalesh Sharma, the new Commonwealth Charter considers gender equality and women's entrepreneurship as basic human rights and fundamental to development. Access to credit and markets to women entrepreneurs has economic benefits and women leadership is an important element of a sustainable economy. The article also explores the various aspects of women entrepreneurship and empowerment in Bangladesh. Read on...

The Financial Express: Women entrepreneurs deserve better
Author: Rahman Jahangir

Mohammad Anas Wahaj | 28 jul 2013

Accountable Care Organization (ACO) is a patient focused group of healthcare providers that uses a payment and care delivery model that is accountable for quality, cost, efficiency and overall care of the assigned community of patients. This new trend in the healthcare industry has created opportunities for innovation in some sectors and challenges for others. On one side are the payers and providers where the financial and care delivery models have initiated innovations with visibile benefits while on the other are biopharmaceutical and medical technology companies where demonstrating value of their innovations is becoming challenging. Some of the ways in which ACOs are catalyzing a shift in the healthcare innovations are - Transitions from broad-based innovations to targeted and customized patient-centric solutions; Emerging patient engagement technologies like tele-health, mobile-health, health information & coaching tools etc; Increasing use of evidence based medicine and clinical guidelines that leads to efficient and cost effective utilization of therapies and technologies and initiates collaboration and partnerships between manufacturers, providers and payers. Some challenges for healthcare innovators include - Concern that ACO might prefer a less costly therapy over an expensive innovative therapy that is new in the market where long term benefits are unclear; Expected decrease in funding for academic research as it would be difficult for academic medical centers to compete on cost with other providers; Incentivization mechanism applied by ACOs to prefer certain therapies over others and how it effects access of innovative and appropriate therapies to patients. For the long term success of ACOs and their potential benefit to consumers all the stakeholders of the healthcare industry have to overcome the various challenges with a collaborative approach to finding innovative healthcare solutions. Read on...

Health Affairs: Accountable Care Organizations And Innovation - A Changing Landscape
Author: Erin Bartolini

Mohammad Anas Wahaj | 26 jul 2013

According to the latest report released by UN Environment Program (UNEP), corporate and private sector will be adversely impacted by the changes in the environment and it has to work towards a shift to greener economy. The challenges of climate change may also bring opportunities for companies to develop products and services that align with environmental protection. The report analyzed possibility of risks for 10 business intensive sectors - building & construction, chemicals, power, extractives, finance, food & beverage, healthcare, IT, tourism, and transport - and provided recommendations to better adapt to the changing environment and lessen the impact on the global economy. Read on...

The Times of India: Changing environment to impact global business - UN
Author: NA

Mohammad Anas Wahaj | 26 jul 2013

Globalized environment is giving rise to borderless businesses that need to technologically integrate their information systems across the whole enterprise to stay competitive and successful. Experts say that in the current business scenario enterprise integration is viewed through two important perspectives, one is integration of transaction and processes and the other is about integrating information. As more and more businesses become operationally distributed in nature, the ability to successfully integrate large amount of fractured information and analyze this large pool of data for better decision making and to effectively serve the customer, is critical for long term sustainability of the organizations. Analytics have evolved from merely reporting to predicting and infering thus making it more valuable in the decision making process. Read on...

ITBusinessEdge: The Enterprise Management Trend That's Driving Integration Work
Author: Loraine Lawson

Mohammad Anas Wahaj | 25 jul 2013

As consumers become more health conscious, globalized and sophisticated in their food tastes it becomes very challenging for food designers to bring innovative food products that satisfy their palates. To identify latest trends and get ideas for future innovations designers have to participate in a global environment and avail opportunities for collaboration. 'Anuga' is one such annual global event that brings all elements of food industry at one platform to showcase and share their innovations and at the same time explore possibilities of partnerships to define the future of food industry. Read on...

Food Product Design: Designing for Global Marketplace
Author: NA

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