NZBusiness May 2023

Richard Conway landscape sml

Time to put AI to the test

Richard Conway explains how AI technology can streamline your workflow and boost creativity. I believe we are at a pivotal moment in history. In November 2022, OpenAI, funded by Microsoft

Logan Wedgwood

Make collaboration a cornerstone

β€œMarketers are stupid” and β€œsalespeople are lazy”. It’s a familiar tale, and Logan Wedgwood says it’s time to change the tune. Stay with me a minute as you picture this

Jo Douglas 2019_0

Navigating recession and restructuring

Jo Douglas walks you through the consultation process when restructuring your business, and how to handle any redundancy compensation. According to various commentators, we are again heading into a poor

Kathryn Sandford closeup & cropped

Unlocking the power of workforce management

Kathryn Sandford has some timely advice for employers looking to attract, retain and develop top talent. Inefficient and antiquated hiring practices are not only preventing New Zealand businesses from attracting the right talent but also causing them to lose top performers at an alarming rate.  Many businesses are struggling with too many gatekeepers, long and arduous hiring processes, and an unrealistic set of expectations and requirements for the current job market. As a result, businesses are left with a revolving door of employees, with high turnover rates and low morale.  Furthermore, companies often desire top-notch talent, but they are unwilling to pay the high salaries that come with it, leading to a significant talent gap in the industry. This talent

Queen Street walkers

Bringing back the downtown shine

2023 is proving to be a year of rejuvenation for Auckland’s embattled city centre. For its businesses renewed optimism is definitely in the air.

Phising

Phishing, vishing, smishing and beyond

If you’re not taking cybersecurity seriously, you could well be the target of criminal activity. Bill Bennett walks you through the threats and your best. Phishing’ has been around since the dawn of the Internet, yet it remains New Zealand’s most reported cybercrime. It’s a way of getting past cyber defences by tricking people into handing over passwords or other key information. When criminals get this information, they use it to steal money, install ransomware or access private data. Cert NZ, the government’s Computer Emergency Response Team, says that in addition to passwords, criminals may be looking for your credit card or online banking details, or personal information and documents they can use to impersonate you – such as your

Climate resilience

Climate resilience is due diligence

Cutting climate change action after the cyclone is like accelerating away from a crash with your wheels wobbling. Business needs better long-term leadership, writes Andy Kenworthy. Business owners around the country are still counting the cost of Cyclone Gabrielle. Its severity and the increased frequency of such events are symptoms of climate change. For decades we’ve been warned of the oncoming storms. Now they have come crashing into our lives. But the political response has been to cut climate change initiatives. This is stacking up uncertainty and long-term risks in the way of progress. As journalist Bernard Hickey put it: β€œIsn’t this the rainy day we’ve been saving for?” Apparently not. So far, the government has binned the Sustainable Biofuels

Making time to think

Making time to think

Thinking, look at the big picture and take a long-term view, writes Sophi Rose. Many SMEs will benefit greatly from the governance of a board, if it is scaled to match the needs and budget of the particular business. It’s a short sentence but there is lot to unpick in that statement. So let me back up a little and share a few ideas about what governance is, what is a board’s role and what β€˜scaled’ means in the SME context. Governance You can find many definitions of governance and few good discussions on what should, or should not, be included in the concept. There are also a lot of misconceptions that boards are just for the β€˜big operators’, risk

Jenni Raynish copy

The business of β€œhappily ever afters”

Jenni Raynish is the founder and CEO of New Zealand’s only cord blood bank. The former high-profile comms and PR consultant is thoroughly enjoying what has become her lifelong passion project.   NZB: What sort of feedback did you get when you first decided to set up CordBank? Jenni: My Mum asked, β€œWhy would you want to start something new when you already have a successful business?” But I was completely convinced that starting CordBank was something I just had to do. I was so frustrated that I couldn’t bank my children’s cord blood and no one else would be able to either unless I started one. I was 100 percent supported by my husband, who said β€œthat sounds like