As we keep hearing from various economists, Malta's economy is a very open one and thus hugely dependent on other economies it trades with. Therefore it would pay us all to watch the direction of other international economies. Consumer Sentiment is a good indicator of the future direction of an economy. Hence, why keeping a …
Continue reading Global Consumer Sentiment as an Economic Indicator
This crisis forced employees to change the way they work almost overnight. Workers needed to figure out how they can adapt to rapidly changing conditions. COVID-19 has changed not only how people work but also how they shop and eat, as well as basic patterns of movement and travel. In this way, the pandemic is …
I have written various articles on my Blog giving input on the need of reviewing your operations model and your business plan in the wake of the present uncertainty and economic crisis facing us all. I strongly advise that sitting down and waiting for all this to pass is absolutely not an option you should …
Below please find a quick overview of all measures announced yesterday:- Wage supplement: the €800 grant has been extended until September for the the following sectors:Touristic accomodation, travel agencies, language schools, events organisers and air transport. Other sectors currently with a €800 supplement will be brought down to €600. Other sectors where the …
As I have said in various blog posts the issues created by the COVID-19 pandemic need to sorted by innovative solutions and not something from an old playbook. However, this does not mean that in order for business leaders to respond to big problems created by this crisis this necessarily means that a radical strategy …
You must by now know that I am an admirer of Winston Churchill and most of all of his famous quotes which are so ingenious at depicting reality with a good dose of wisdom. Churchill is quoted as saying “Now this is not the end. It is not even the beginning of the end. But …
Continue reading Common challenges in this transitional phase
I once again bring to you the results of a research exercise done by the EMCS (www.emcs.com.mt) between Monday 25th May and Friday 29th May 2020. In total 494 individuals aged 18 and over were interviewed, with data being representative of the local population in terms of gender, age (18 and over) and location of …
Following the re-opening of restaurants and other non-essential shops which meant that several employees returned to their place of work, discussions with many business leaders invariably always turns onto how they should proceed with having their employees return to the office. My advice is to use CAUTION. They are many variables at play and you …
During this COVID-19 induced crisis, you must have heard over and over again that a core priority for many companies is preserving cash. It is true that preserving cash in the short term is extremely important but you also need to balance it with decisions that will enable the company to emerge from this crisis …
I am sure many of you have read many articles about Leadership. However it still strikes me that on a daily basis I still see lack of Leadership skills which in a time of Crisis like this are so much needed. Some have asked me about what type of Leadership should one adopt in times …
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