Fresh financial insights given at Mona School of Business & Management forum
Roundtables from 2010 to 2014 helped policymakers and organisational leaders to manage risk, plan business recovery, cope with the consequences of the 2007-2009 global economic crisis and plan strategies for sustainable growth. But the Mona School of Business and Management (MSBM), in partnership with the National Commercial Bank (NCB), upped the tempo.
CEOs and academics gathered for breakfast and an extended day of activities for the sixth annual MSBM Roundtable 2015 on 'Organisational Renewal, Transformation and Growth' at the Terra Nova All-Suite Hotel last Wednesday.
Dr William Lawrence, director for MSBM's Professional Services Unit, noted that the roundtable presented preliminary findings from the NCB-sponsored applied research in corporate renewal and transformation. "From a policy perspective, most countries in the Caribbean have low economic growth and high public debt. Caribbean governments are looking to the private sector as the engine for reversing these adversities.
"However, other than the topic of interest rates and fees, there is scant discussion about the capabilities of the financial services sector to fuel this growth engine. Therefore, MSBM Roundtable 2015 provided fresh insights on the nature and prospects of Caribbean-based financial institutions and, in particular, the required business models and business intelligence for their transformation to better serve commerce in the region," said Dr Lawrence.
Among the other speakers were Patrick Hylton, group managing director, National Commercial Bank Jamaica; Professor Archibald McDonald, principal of the University of the West Indies; Dr Maurice McNaughton, director of the Centre of Excellence for IT Enabled Innovation; and Mariame McIntosh Robinson, partner at Portland Private Equity.