Doug Marsh on LinkedIn: #chair #managers #ceo #companydirectors #ema #nzinstituteofdirectors… (2024)

NZ Productivity is globally so lowIt ranks with undeveloped status It must be at the core of Government's economic 101 agenda as it on every Board of successful Corporates and leading global Nationsit isn’t despite the most valued economic acumen on the planet Heralding it as a no -brainer catalyst - pathway for economic growth rise of Nations prosperity Empirical evidence including International index productivity is an absolute indictment of NZ leaders accountability abdication The ‘we know better’ attitude of NZ Political and business personnel is frankly ‘appalling ignorance’has had evident severe negative impacts on the NZ EconomyA Drogue on economic growth and developmentWhen Govt Boards of Directors & governance educator’s ignore addressing such basic enterprise fundamentalsit perpetuates inefficiencies limits a country's economic wellbeing and a Nation’s potentialEven 101 learning ignorance has made NZ competitiveness fall to be bottom global index manifest in high costs of living reduced foreign investment and exporting proficiency a point of case study mirthIt results in higher production costs lower profit margins and expanding investment attractionoften correlates with stagnant wages, as businesses cannot afford to increase compensation without corresponding productivity gainsAs evidence reveals uncompetitive industries has led to serious job and skill losses migration means companies struggle to remain viableThe saddest part of appalling Business acumen is reflected in the statistic of low commercialisation of innovation and technological advancementProductivity variables between sectors or regions exacerbates inequalities within the country ie especially Public services and transportation resource deficitLower economic growth from poor productivity inevitable means lost tax revenues, adding to the hurt that NZ Society suffers at the consequence of Political ineptitudeabdicating productivity responsibility, is serious blatant ignorance and the most emphatic evidence of accountability neglect failure to understand basic economic principles and repeated international advice for urgency to get right capabilities and implement necessary structural reforms to boost productivity and economic performance in line with all but undeveloped Countries It erodes public confidence in leadership educational institutions and business representative BodiesAddressing productivity challenges requires active engagement from government, business leaders, governance management educators to implement effective policies and practices that drive economic growth and competitiveness.I’m Doug MarshJP(Rtd) Life Fellow IMNZ, Fellow IoDNZ (Rtd)40 year Chair Director ExperienceConsul South Korea (Rtd)Founding President Business NZNZ Past President Inst Management📞64 022 196 4636E:marshgovernance@gmail.com#chairs#governance#ceo’s#companydirectors #ema #nzinstituteofdirectors

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MR LUXONFROM WORLD POORTO AN ECONOMIC MIRACLEA story of how a Country can achieve higher productivity innovation prosperity and happiness There’s a very simple 101 economics answerEven a child could understandTime for Government policy strategists to to get over their cognitively sabotaged intellectual acumen and getting equal to if not better than Switzerland A Country of greater investment, better education and highly trained employees * Second on the global Human Welfare index* one of the world's 20 largest economy’s - most competitive and successful * only 13% more people* 4% inflation* strong Agr& Hydroi but no natural resources* A top AI technological leader * Foreign capital attractiveness* Highest Income pc in OECD* leading World infrastructure* 9/10 schools lead international learning excellence* Leader in AGI and productivity* Little debt large economic surpluses* high wage economy* GST equivilant 8.3%* Corporate tax rate 12-14%* Strong currency* Attractive tax structure * a top innovative country, having been top of the world innovation index for the last 13 years* Strongly incentivised for Business FE & productivity growth A doable bankable economic growth paradigm that MR Luxon chooses to ignore for reasons that are beyond the global entrepreneurial rational psyche The Swiss have capitalised on economic growth leveraged Ai human capital opportunities that National chooses to exploit ignore for blindingly stupid reasons Inspired by the latest research and drawing on more than 40 years of board education experienceThe Swiss IMD’s High Performance Board researchers is one one of worlds leading governance educators Their successes have propelled Switzerland’s corporate PEG and County’s economic global excellenceI spent time at the IMD when attending ILO conferences and was extremely impressed by the contemporary best practices that was behind their global reputation Learnings influential in my earlier careerI’m Doug MarshJP(Rtd) Life Fellow IMNZ, Fellow IoDNZ (Rtd)40 year Chair Director ExperienceConsul South Korea (Rtd)Founding President Business NZNZ Past President Inst Management📞64 022 196 4636E:marshgovernance@gmail.com#chairs#governance#companydirectors #nzeconomy #ema

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I read this interesting piece a while back, and here’s my brief take on it.https://lnkd.in/giEyPVPdIt's safe to say that most of us are acutely aware that the bedrock of development in Punjab—and indeed, across the Global South—rests on the shoulders of knowledge equity. The notion of providing economic advisory support is not just about offering expertise; it's about empowering local voices, fostering innovation, and challenging the entrenched hierarchies of perspectives.Punjab, with its dynamic socio-economic landscape, is uniquely positioned to lead by example. Yet, we must confront the reality that knowledge inequities have often stifled our region's potential to influence its own development trajectory. When foreign experts dominate the discourse, we risk sidelining the very voices that are most attuned to the complexities and nuances of our local context.At PANJ (Policy Advisory and Network for Joint Progress) Foundation, we believe that true progress in Punjab requires an entrepreneurial approach to redressing these inequities. This isn't merely a matter of fairness—it's a strategic imperative. This diversity is crucial, especially when grappling with the "wicked" problems that require innovative, interdisciplinary solutions.We must also redefine what it means to be an "expert". Expertise should be recognised not solely by published papers or foreign credentials but by an individual's deep understanding of local contexts and their capacity to innovate within them. This redefinition can unlock a wealth of untapped potential within Punjab, ensuring that our region's development is driven by those who live and breathe its challenges and opportunities.Moreover, addressing knowledge inequities in Punjab is not just about levelling the playing field—it's about future-proofing our economic and development strategies. By investing in local talent and fostering strategic partnerships, we can build robust knowledge systems that are resilient and adaptable to the demands of an ever-evolving global economy.The time for action is now. Let us engage in this critical dialogue, challenge the status quo, and together, lay the foundation for a more equitable and prosperous future for Punjab. PANJ Foundation is committed to being at the forefront of this movement, and we invite thinkers, innovators, and change-makers to join us in this mission.Dr. Rajwant Singh | Harjeet Singh | Jalnidh Kaur | Dr Madan M Singh AULAKH | Dr. Preet Deep Singh | Gauravdeep Singh | Tejpreet Chopra | Manmohan (Mac) Sarin | Navkaran Singh | Dr. Harmeet Singh | Narain Batra | Satinder Grover | Amarjit Singh | Vikram R Singh | Sehaj Singh | Karan Avtar Singh | Surinder S. Jodhka | Khushwant Singh | DP Singh | Seema Bansal | Lakhwinder Singh | Harpreet Singh Arora | Tridivesh Singh Maini | Hamraj Singh | Dr. Jatinder Kaur Arora

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A Wellbeing Economy for Shared ProsperityLast Saturday evening, I attended a thought-provoking presentation on Red Dot United’s (RDU) Shadow Budget 2024: A Wellbeing Economy for Shared Prosperity. During the break time, one participant told me that he found it very inspiring. Here are some key takeaways from the presentation paper by RDU that stood out for me. 🌱 Our growth narrative reveals a nuanced reality that urges us to rethink the way we measure progress. Our economy grew 1.1 per cent in 2023, but median real wages declined by 2.2% in the same period. This shows that there is a disconnect between Gross Domestic Product (GDP) growth and real wages and beckons us to reassess if our march towards happiness, prosperity, and progress should be contingent on robust economic growth. 🌳 Our over-reliance on GDP growth overlooks crucial facets that define our societal health and resilience. The environment often bears the brunt of this oversight, with environmental degradation and resource depletion escalating alongside economic gains. Just think of Bukit Brown and more recently, Dover Forest East.♻️ This is why with our adoption of the Doughnut Economics since 2021, we have called for our economy to be both “Regenerative” and “Distributive”. The limitations of GDP are glaring; it does not reflect the struggles faced by those that are being left behind nor the toll exacted on the biodiversity of our country. For many Singaporeans, this GDP growth has not translated into higher living standards or better opportunities.🧧 Under RDU's Shadow Budget 2024, our key priorities revolve around ensuring the wellbeing of our people, the health of our planet, and the support of local businesses – safeguarding both lives and livelihoods. By concentrating on these areas, we aim to pave the way for a Singapore where everyone can thrive, our environment remains sustainable, and our local economy flourishes. Full details: https://lnkd.in/gMc_yuH9#wellbeing #economy #sustainability #equity

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Do firms born in recession do better or worse than those born in better times? The latest New Zealand Productivity Commission paper by Lynda Sanderson explores patterns of firm birth, growth, and death for cohorts of New Zealand firms born between 2002 and 2015 and examines the role of selection in explaining those patterns. https://lnkd.in/gFRvmE4T

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VanEck Australia's latest global #EconomicOutlook casts a cautious eye on the Australian economy, describing it as "shaky" amid global economic uncertainties. The report highlights a significant liquidity presence and vibrant markets, hinting at possible inflationary pressures ahead.The analysis reveals concerns over Australia's economic trajectory, noting that while business investments show stability, the housing sector remains sluggish despite low vacancy rates. It also points to potential vulnerabilities in commodity prices, which are crucial for the country's export-driven economy.“We’re surprised more people aren’t worried about a hard landing in Australia. We’re potentially already at a soft landing, and, unfortunately, there aren’t too many growth positives right now. Business investment has been okay, but, despite rock-bottom vacancy rates, housing investment is in the doldrums..."More at #Proactive #ProactiveInvestors #MarketAnalysis #RealEstate #HousingMarket http://ow.ly/CsGC105oNw0

Treasurer Jim Chalmers recently expressed optimism about Australia’s economy, saying it’s in a “better position” than many other nations despite some ongoing challenges. During his speech at the Australian Securities & Investments Commission’s Annual Forum, he emphasised the resilience of Australia’s economy, noting the strong business investment and advantages in the country's exports and pricing.Chalmers acknowledged the current issues, such as slowing economic growth and low consumer confidence. Yet, he also pointed out the remarkably resilient labour market, with a low unemployment rate that has consistently remained under 4% for the past 17 months, a rare occurrence in the last 45 years.“The monthly unemployment figures that we use now began in 1978 and in the 45 years since then, there have only been 20 months where the unemployment rates have a three in front of it and 17 of those 20 have been in the last 17 months,” he said.“Business investment has been quite remarkably strong and we have other advantages as well, particularly when it comes to what we sell the world, the prices that we are getting, and a range of other benefits as well.”However, he did acknowledge some softening in the labour market as indicated by job ads and hours worked, adding these were expected given the conditions. Chalmers also highlighted the progress in moderating inflation from its peak last year, though he reiterated the government was keen to see a faster decline.Looking forward, he outlined "five big shifts" in the global economy that Australia aims to capitalise on. These shifts include the transition from:🔔 Globalisation to fragmentation🔔 Hydrocarbons to renewables🔔 Information technology to artificial intelligence, 🔔 Younger to older populations🔔 The industrial base towards care.“I think our job is to make sure we are the biggest beneficiaries of those shifts that are underway in the economy, in ways that create the most opportunities for the most people in most parts of the country,” he said. The below image shows ANZ job ads index, which fell 3.0% month-on-month in October. But while the index is down 11.2% from the September 2022 peak it remains 44.9% higher than pre-COVID levels. #economy #jobs #business

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MYTHS REALITIESWHAT LIES AHEAD Most New Zealanders suffer grim reality being on the despair bread lineAnd that is going to continue if there is no economic nor productivity growth policy initiatives to make it happenOur economy is not imploding fast Why does National’s Finance Minister keeps saying our economy is improving!!Economists keep saying you can not take one economic indicator of small improvement when the big majority and important ones remain negativeThat is political misinformationThe bottom line is that NZ can not run massive debtThe consumer Energiser Bunny batteries are gonna run out by the time the fourth quarter rolls aroundOur workforce worry about work culture & worse continuity they're worried about wages/ salaries and they're worried about rising prices and thatincome spend value decreasesNone of our "leaders" have a clue how to get out of this messThey gaslight we’re on right path, that somehow the Reserve can just lower the inflation without negative consequencesEconomics 101 is a very simple conceptWhen money supply expands it’s inflationIt’s not the Super Markets or transport providers They don’t have a money pressPrices are going up in response to Reserve contracting money supply by inflationgovernment’s practice is to deny it confuse it blame it on greedy Companies & global eventsFacts are absolute First there was quantitative tighteningthen came Quantitative Easing abuseinvolved buying bonds to push up their prices and bring down long-term interest rate’sIn the process creating inflation spiralling All because Government’s borrowed excessivelyBy putting upward pressure on prices of goods and servicesall that did was tell us what we could spend But here’s the knock-out punch They failed to use that money to create wealthHistory proves a hybrid mix of COST OUT slash debtHigher tax on top bracketsLower tax on the productive sectorLower corporate tax for transformational foreign earnings generatedAlso applied AI innovation deployedGoalPRODUCE MORE TO REDUCE DEBTFIRE UP NATIONS PRODUCTIVITYFUND ESSENTIAL HEALTH CARE EDUCATION INFRASTRUCTUREBeef up Public Private sector capabilities Cull ‘dead wood’ reboot with contemporary Governance AI innovation processes* Aggressively reduce Government debt* Incentivising Business to improve productivity and increase output to generate foreign earnings * Partner Investing venture capital FDI AI compelling case tech convergences Applied know How and prevailing cognitive stalking I’m Doug MarshJP(Rtd) Life Fellow IMNZ, Fellow IoDNZ (Rtd)40 year Chair Director ExperienceInternational DiplomatFounding President Business NZNZ Past President Inst ManagementE:marshgovernance@gmail.com#chair’s #managers #ceo #companydirectors #ema #nzinstituteofdirectors #economy

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Would you like to be one of the 200 organisations representing Australia’s social economy?We are thrilled to launch a new study, aligning with a global movement to embrace the use of 'social economy' terminology, to better recognise the incredible value and contribution of non-profit organisations, philanthropy, social enterprises, co-ops, mutuals and other organisations working for social purpose.Register via the CSI link to share your insights into most critical areas impacting Australian social economy organisations today#socialeconomy#centreforsocialimpact

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Tracking Australia's economic landscape to try to identify investment opportunities in small caps. In the initial quarter of 2024, Australia encountered a notable setback in its GDP growth, marking a modest 0.1% uptick compared to the preceding quarter, consequently diminishing the annual growth rate to 1.1%. This deceleration unfolds amidst the backdrop of persistent inflationary pressures, posing a multifaceted challenge for the Reserve Bank of Australia (RBA). Particularly worrisome is the decline in private fixed investment, signalling potential impediments to sustained economic expansion and underscoring the nuanced balancing act confronting the RBA in bolstering economic activity while managing inflationary trends.The broader economic landscape in Australia and New Zealand is exerting downward pressure on the stock prices of companies in both nations, particularly impacting small-cap entities within the retail or consumer sectors. Our ongoing scrutiny of developments in the region aims to identify potential investment opportunities among companies under our radar.

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