Estie, Author at Consumo Publishers

Sorting Risk and Uncertainty

This article is reprinted from the Summer 2017 edition of the Nonprofit Quarterly, “Nonprofit Graduation: Evolving from Risk Management to Risk Leadership.”
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As [Frank] Knight saw it, an ever-changing world brings new opportunities for businesses to make profits, but also means we have imperfect knowledge of future events. Therefore, according to Knight, risk applies to situations where we do not know the outcome of a given situation, but can accurately measure the odds. Uncertainty, on the other hand, applies to situations where we cannot know all the information we need in order to set accurate odds in the first place.
—Peter Dizikes

The distinction vis-à-vis for-profits, described by MIT News staff writer Peter Dizikes, above, can also be applied to the nonprofit sector—except that in the non-profit sector, risk is not measured so much against reward as against organizational harm prevention. And therein lies a profound attitude problem.

The Nonprofit Quarterly has always engaged […]

Estie2017-07-27T14:42:49+02:00July 27th, 2017|Environments, Recources, Syllabus Topics|

Why SWOT analysis sucks – and how to make it better with future trends

The above graphic depicts SWOT Analysis, a business strategy tool that invites executives to ponder their firm’s strategic position by considering their own inherent Strengths and Weaknesses. Then, considering whatever change is happening in the market space, executives look for potential Opportunities and Threats, based on their assessment of their own firm.

When SWOT was unveiled as an analytical tools for business, it allowed for an abstract view of strategic positioning that was innovative for the time, and better than nothing. The proposed value of the tool is that it makes you stop and think about what your firm is doing and how competitors might exploit that.

An example of a SWOT analysis might look like this:

“What’s wrong what that?” you […]

Estie2017-07-28T05:39:05+02:00July 27th, 2017|Environments, Performance of the business, Recources, Syllabus Topics|

Too Convenient? A Mobile Supermarket That Comes To You

July 5 2017 Glenn McDonald

A prototype Moby Mart is being tested in Shanghai. Per Cromwell, the project’s lead designer, says four to six additional mobile supermarkets are planned in the coming year.

Browse the science fiction aisles and you can find all sorts of dystopian future visions — environmental catastrophes, robot overlords, zombie swarms, triffids. Oddly enough, one of the spookiest scenarios ever conjured comes from a kids’ movie.

The 2008 Pixar film WALL-E imagines a future in which end-stage consumerism has run amok, leaving the planet utterly trashed and turning humans into helpless, sedentary slugs. By creating a future in which everything is prepared, packaged and delivered by machines, we effectively create a consumer apocalypse, […]

Estie2017-07-27T14:36:39+02:00July 27th, 2017|2017 Case Study, Environments, Recources, Syllabus Topics|

South African Customer Satisfaction Index shows fondness for fast foods

22 JUN 2017

The Consulta 2016 National South African Customer Satisfaction Index (SAcsi) reflects that South Africans are fond of fast food but unhappy with municipalities and wireless providers.

Using a sample of 36,519 South African customers, the SAcsi measured fast food, life insurance, cellular handsets, full-service restaurants, banking, supermarkets, short-term insurance, wireless internet providers and municipalities throughout the year. The National SAcsi offers impartial insights across a variety of South African industries by blending a Customer Expectations Index, Perceived Quality Index and a Perceived Value Index to achieve an overall result out of 100.

According to the Index, the fast food industry achieved an overall satisfaction score of 82.2, which was marginally up from 82 in 2015 and 80.5 in the previous year.

Customers scored the life insurance industry an overall 79 in 2016, up significantly from 77.3 in 2015, and cellular handsets went […]

Estie2017-07-27T14:34:21+02:00July 27th, 2017|2017 Case Study, Recources|

Nine global trends in food and beverage

22 MAY 2017 BY: LAUREN HARTZENBERG

Globally, food and beverage (F&B) are playing an increasingly important role in the reason people visit shopping centres, sometimes superseding consumers’ attraction to retailers themselves.

Locally, F&B is expected to increase its value as a drawcard. The Middle East & Africa is the second-fastest growing region in terms of consumer spending on ‘eating out’, with an average growth of over 7% between 2006 and 2016. This region also holds the strongest forecasted growth, with 7% growth expected per annum between 2017 and 2027.

Read more on http://www.bizcommunity.com/Article/196/168/162148.html

Downloaded on 26 July 2017

Estie2017-08-10T02:48:01+02:00July 27th, 2017|2017 Case Study, Recources|

Nigeria’s economic growth to overtake South Africa next year

Phila Mzamo on July 25 2017 in News

The International Monetary Fund (IMF) has predicted that the Nigerian economy will expand by 1.9% in 2018, higher than the 1.2% it estimated for the South African economy, though.

In addition, the multilateral institution projected that Nigeria would exit the biting economic recession this year with a slim economic growth of 0.8%, just as it predicted that South Africa, would also record 1% growth in its Gross Domestic Product (GDP) this year. The fund made the predictions in its World Economic Outlook (WEO) for July 2017, titled: ‘A Firming Recovery,’ that was obtained on its website.

WEO’s breakdown
The South economy entered recession for the first time in eight years in 2017, this according to data from Statistics South Africa presented in June. Similarly, the Nigerian economy sank into its worst economic recession in 29 years last year and has seen government pursuing expansionary fiscal policies […]

Estie2017-07-27T14:26:36+02:00July 27th, 2017|Environments, Recources, Syllabus Topics|

How much you would need to save every month to retire a millionaire in South Africa

20 February 2017

One of the biggest concerns facing South African households today is saving up enough money for retirement. While we tend to contribute towards a retirement annuity and/or pension plan every month, it can often fall to the back of our minds before becoming a serious factor as we near retirement age.

With South Africans now living longer it has also become harder to determine “how much is enough” to retire. With that in mind, BusinessTech approached several prominent financial analysts to determine how much we would need to save – at various ages – to retire a millionaire at 65 in South Africa.

The calculations specifically focus on savings, as it can be an immensely difficult task to calculate RAs and pension plans due to their personalised and complex nature. The calculations are also not intended to act as financial advice, but rather to illustrate the importance of saving as […]

Estie2017-07-27T14:25:12+02:00July 27th, 2017|Finance, Investment and insurance, Recources, Syllabus Topics|

How much money South Africans save each month based on their earnings

25 July 2017

A report from Old Mutual shows how much money South African households are managing to put away each month under a very stretched economy.

Overall consumer debt is growing, and the fact that ratings agency S&P flagged it as a major risk to the country’s banking sector should act as a wake up call for consumers and banks, said Neil Roets, CEO of debt counselling company, Debt Rescue.

Roets said there had been a noticeable increase in the number of distressed consumers who have come for assistance in servicing their growing debt load. “We know that debt levels are escalating because we see this on the balance sheets of indebted consumers coming to us to be placed under legislative debt review. “Many of them are on the verge of bankruptcy and the only way they can hold on to their belongings and pay off their mounting debts over a longer […]

Estie2017-07-27T14:21:35+02:00July 27th, 2017|Finance, Recources, Syllabus Topics|

China’s burgeoning ‘sharing economy’ has eyes on Africa

Opinion 23 July 2017, (Melanie Peters)

Photo taken on May 29, 2017 shows a person using phone software locating the shared car in Handan district, north China’s Hebei Province.

The sharing economy, which originated in 1970s in the U.S., is growing rapidly in China and has brought great changes to people’s life providing more economic, verified and convenient services.

CHINA’S sharing bubble is expanding. A quick scan of a QR code with a smartphone rents you just about anything, from bicycles and cars, to offices and homes.

Consumers worldwide show a robust appetite for the so-called sharing economy, and PriceWaterhouseCoopers pinned the platform’s worth at $335 billion in the next decade as travellers opt to rent a spare room on Airbnb or use Uber or Didi Chuxing in China.

The term “sharing economy” was coined in Silicon Valley, where computer coders shared programmes for free. Investopedia […]

Estie2017-07-27T14:17:48+02:00July 27th, 2017|Entrepreneurship, Environments, Recources, Syllabus Topics|

Here’s What The Surprise Interest Rate Cut May Mean For You

20/07/2017

Queenin Masuabi News Reporter

South Africa’s Finance Minister Malusi Gigaba.

A cut in interest rates appears to have taken economists by surprise. This comes after an announcement by South African Reserve Bank governor Lesetja Kganyago that the repo rate would be reduced to 6.75 percent from 7 percent. This is the first time in five years that the bank has cut interest rates.

Economist from KADD Capital, Elize Kruger, said the interest rate cut was unexpected. “We were expecting the cut in September” she said. Kruger said it was also surprising at a time when the South African economy is dipping. “They decided to do this independent of other factors and this could help the economy and boost confidence,” she added.

KPMG economist Christie Viljoen also said the repo rate cut was unexpected. “In the past, the reserve bank said they can’t lower interest rates because of high risk, this means the risk is […]

Estie2017-07-27T14:14:50+02:00July 27th, 2017|Finance, Recources, Syllabus Topics|

Estie

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