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Walking the talk: Toll Holding’s AGM shows values have a price
In the six months he’s headed the billion-dollar logistics giant, Toll Holdings’ new CEO, Brian Kruger, has staked his reputation on corporate culture. Under the ‘One Toll’ initiative, Toll has for...
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Four steps to prepare for the Asian Century, and one point to remember
The case is clear: the “Asian Century” is upon us. That is the unequivocal message of the white paper by former Treasury head Ken Henry, Australia in the Asian Century, released yesterday. “The...
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Why Virgin bought Tiger
Having shocked the Australian airline sector this morning by buying control of Tiger Australia, Virgin Australia’s CEO (and former Qantas executive GM) John Borghetti (pictured) said there was “more”...
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Retail is super for some: What Peter Birtles is doing right
Peter Birtles has a word of warning for leaders in the retailing sector. The managing director and CEO of Super Retail Group (ASX:SUL), which grew sales by 51.4% in 2011-12 to $1.65 billion, says...
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Last gasp from a dying industry? Analysing the Penguin-Random House deal
Two of the world’s biggest English-language book publishers, Penguin and Random House, are forming a joint venture. Bertelsmann, the owner of Random House, will have 53% of the venture with...
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Inside the Autodom collapse: Why leaning on your suppliers can cost you
After suspending operations last Thursday, car-parts manufacturer Autodom was put into administration over the weekend. The company, which supplies the Victorian and South Australian operations of...
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The zero-cost innovation eye-opener
Often those of us involved in business are simply too close to daily issues to see the potential for real value-adding innovations and opportunities or indeed to appreciate some of the things our...
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Backdoor listings: Yowie by any other name is not so sweet
Next week, a new confectionary company will be listed. The company will be selling Yowie chocolates and various associated merchandise; products which were, at one time, a best-seller for the...
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How interesting (and interested) is your company?
Is your company interesting? No, seriously. Can you say, hand-on-heart, that people are genuinely attracted to your organisation because it is interesting? Not just to customers, but potential...
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Perfect storm: It’s been all bad news, all at the same time for company...
Director sentiment is at its lowest point since the Australian Institute of Company Directors started recording it two years ago. For the first time, it showed falling confidence scores across every...
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Why the Fairfax sale of Trade Me makes (some) sense
When Fairfax sold 15% of its stake in profitable New Zealand classifieds site Trade Me in June, reducing its share to 51%, Microsoft executive-turned-technology-investor, Daniel Petre, knew a...
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A billion-dollar opportunity: Why you shouldn’t underestimate China’s luxury...
Michael J. Silverstein is a senior partner and fellow at The Boston Consulting Group. His most recent book is The $10 Trillion Prize: Captivating the Newly Affluent in China and India. He writes:...
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Funtastic’s winning simplification strategy: Will it backfire?
At toy retailer Funtastic’s AGM today, CEO Stewart Downs had good news for shareholders – the promise of the first dividend in five years as the company delivers a $10.4 million net profit after tax,...
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The gospel according to John Borghetti, Virgin CEO
“A chief executive’s real job is to provide vision, inspire and create hope for company employees. My job is to provide the tools our staff need to deliver on that vision. An important element is...
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When best practice isn’t good practice
It’s easy to see why "best practice" is popular. Among a business class increasingly dominated by those with managerial education, with post-graduate MBAs and other qualifications, best practice...
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If a 200-year-old flour company can nail social media, why can't your brand?
Too often I hear from brands (large and small, but quizzically, it generally comes from larger organisations) that they haven't got much to say that’s interesting and therefore social media and...
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Where to draw the line on misleading advertising?
Two recent cases highlight the problem of misleading advertising. In the United States, the Federal Trade Commission (FTC) has dismissed an appeal by POM Wonderful about health claims for...
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MYOB’s CEO, Tim Reed, on why he doesn’t need to go global to grow
Since its founding in 1991, Mind Your Own Business, or as it’s more commonly known, MYOB, has become one of Australia’s biggest tech success stories. Today it employs about 860 people, and the 12...
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Burberry’s CEO: Turning an ageing British icon into a global luxury brand
When I became CEO of Burberry, in July 2006, luxury was one of the fastest-growing sectors in the world. With its rich history, centred on trenchcoats that were recognised around the world, the...
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The case for change at Casella: Putting a strategic bounce into Yellow Tail...
One of the few Australian companies to become the subject of a globally-applied strategy theory, Casella Wines, is experiencing difficulties with its business model. Most stories about strategy...
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