Increase Profitability by Forming Clusters, says JBDC CEO

first_imgIncrease Profitability by Forming Clusters, says JBDC CEO CommerceOctober 20, 2015Written by: JBDC Corporate Communications Unit RelatedAmendments to Common External Tariff to Benefit Jamaica Story HighlightsCEO of the Jamaica Business Development Corporation (JBDC), Valerie Veira is urging Micro, Small & Medium Enterprises (MSME) to engage in cluster activity to generate higher income. She was speaking at a recently held international seminar “Technology transfer to countries in Africa, the Caribbean, the Pacific and Business Support” in Brno, Czech Republic.She added that cluster activity enables entrepreneurs to acquire critical skills including better management of the value chain. RelatedUnicomer Signals Confidence in Economy with Us$8 Million Investment in Operations Advertisementscenter_img RelatedLogistics Hub Is Alive and Well – Hylton CEO of the Jamaica Business Development Corporation (JBDC), Valerie Veira is urging Micro, Small & Medium Enterprises (MSME) to engage in cluster activity to generate higher income. She was speaking at a recently held international seminar “Technology transfer to countries in Africa, the Caribbean, the Pacific and Business Support” in Brno, Czech Republic.According to Ms. Veira, data from the field indicates that the lack of a business plan, access to finance and the ability to export are key obstacles to growth within the MSME sector and clustering is an effective means of solving these issues with the help of government and the private sector. “Clusters are a strategic networking of entities engaged in co-related business activities that are linked horizontally, vertically, diagonally (and sometimes virtually) along the value chain that serve towards enhancing the competitiveness of both the individual entity and the cluster of entities,’ she explained.Continuing, she added that cluster activity enables entrepreneurs to acquire critical skills including better management of the value chain, procurement management, marketing, as well as to achieve economies of scale/scope. “It facilitates bonding and fellowship so you know you’re not alone, entrepreneurs share ideas and best practices and they gain greater access to resources such as finance. This type of environment creates the right conditions towards increased profitability,” she said.Ms. Veira says though more than 80% of entrepreneurs indicate a willingness to be part of a cluster, only a few have been formed so far. The government must facilitate and sometimes trigger and so the JBDC has been instrumental in the development of clusters, through continuous training and development, facilitating access to financing, hand-holding and administrative support such as office space. “These clusters include Egg producers  who exported 27, 000 dozen eggs to Trinidad in December 2009 (Jamaica Egg Cluster), SPA Jamaica (Jamaica Wellness Cluster), International Contemporary Furniture Fair (Authentic Jamaican Gift & Craft Cluster), Island Couture (Jamaica Fashion & Apparel Cluster) and the Jamlamb brand – producer of lamb sausages, lamb ham (Small Ruminants Cluster),” she said.Ms. Veira pointed out that MSMEs make up approximately 90% of the business sector; therefore their sales are often equal to the income of large companies. “The local clusters have learned to import together, and many of them assert themselves to the international markets very successfully,” she added.Following her presentation, Ms. Veira was lauded by the Business Platform for Foreign Development Cooperation, Czech Republic in a letter of commendation. “Your presence and presentation added dignity and great importance to this event. I am glad we have succeeded in attracting the attention of important persons to the topic of transfer technologies to countries in Africa, the Caribbean and the Pacific. Your presentation impressed not only the audience at the seminar but also other delegates. We have been asked by many of them to provide and send your presentation to them. I believe that your visit and meetings with entrepreneurs here wasn’t the last one,” said Libor Novak, Chairperson of the Executive Committee.The seminar participants were addressed by representatives of foreign business support institutions from Jamaica, Botswana and Burandi. The main motive of all contributions was the sustainability of business activities. Although trade relations between Europe and Africa are considered a commercial matter, it is necessary to emphasize the existence of European instruments to support entrepreneurship in the ACP program, and other institutions that receive subsidies from the European Development Fund (EDF), into which The Czech Republic contributes a considerable amount.The JBDC is an agency of the Ministry of Industry, Investment & Commerce. FacebookTwitterWhatsAppEmail last_img read more

EC moves on Apple with competition probes

first_img KT makes LG Electronics trade-in move Related App StoreAppleApple PaycompetitionEuropean Commission Home EC moves on Apple with competition probes UK consumers seek £1.5B from Apple Author Previous ArticleFacebook moves on payments plan with Brazil launchNext ArticleFCC probes T-Mobile outage Tags center_img Apps Yanitsa Boyadzhieva Google taps retail with NYC store Yanitsa joins Mobile World Live as a Reporter based in London. She has more than 5 years’ experience at various media outlets in her home country Bulgaria. She started her career as a political reporter, followed by taking editor roles… Read more European officials added to growing scrutiny of Apple’s business practices, opening probes exploring whether its App Store and Apple Pay services breach competition rules.In statements, the European Commission explained it was exploring whether Apple effectively shut out competitors by mandating the use of its own in-app purchasing set-up in the App Store, while also investigating the terms and conditions imposed on integrating Apple Pay.The App Store probe is a follow up to “separate complaints” by Spotify, and a distributor of e- and audio-books: it will explore whether Apple restricted the ability of developers to let iPhone and iPad users know of “alternative cheaper purchasing possibilities outside of apps”.Concerns raised by a preliminary investigation lie behind the Apple Pay move, and will explore allegations Apple refused access to the service and limited access to NFC on iPhones.Competition Commissioner and EC VP Margrethe Vestager said Apple had apparently established a “gatekeeper role when it comes to the distribution of apps and content to users of Apple’s popular devices”.“We need to ensure that Apple’s rules do not distort competition in markets where Apple is competing with other app developers.”ContributionApple yesterday (15 June) released figures highlighting the economic contribution of the App Store, as it reportedly draws increased scrutiny from US authorities.Citing fresh research by Analysis Group, Apple stated the ecosystem generated $519 billion in “billings and sales” globally in 2019, $413 billion of which covered physical products and services; $61 billion from digital; and $45 billion from in-app advertising sales.Apple noted it only received commission from digital goods and services, meaning more than 85 per cent of the total went to third-party developers and businesses. Subscribe to our daily newsletter Back AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 16 JUN 2020 last_img read more

Psyonix’s Nosgoth cancelled

first_imgPsyonix’s Nosgoth cancelled”Its audience hasn’t grown enough to sustain ongoing operations”Rachel WeberSenior EditorFriday 8th April 2016Share this article Recommend Tweet ShareCompanies in this articlePsyonixSquare Enix and Psyonix have announced that they’re ceasing development of Nosgoth, a free-to-play spin-off of Legacy Of Kain. Nosgoth’s community manager relayed the decision and its consequences for players in a forum post today.”It is with a heavy heart and an immense sense of sadness that we must announce the end of Nosgoth’s development. Servers will continue to run until 31st May 2016, during which time you will be able to play the game as normal. After that date, Nosgoth will be taken offline for the last time,” said the post. “This was not an easy decision to come to. It has been a pleasure to build this game with your help, but ultimately its audience hasn’t grown enough to sustain ongoing operations.”An FAQ confirmed that any in-game purchases made after March 1, 2016 would be automatically refunded. In-game Runestones are no longer available for purchase.”Any future Legacy of Kain project will be considered independently of Nosgoth and on the merits of the proposals alone,” the FAQ added.Nosogth was announced in 2013 and the open beta began in January 2015. Related JobsSenior Game Designer – UE4 – AAA United Kingdom Amiqus GamesProgrammer – REMOTE – work with industry veterans! North West Amiqus GamesJunior Video Editor – GLOBAL publisher United Kingdom Amiqus GamesDiscover more jobs in games The news has been a shock to many players. One of the game’s designers, Jacob Mott, seemed positive about the development process in an interview with Gamereactor just last month.”We’ve had a lot of players around from the very start who’ve definitely enjoyed it, and they’ve seen the game have a big evolution from originally having only three maps, two or three classes for each side, and almost doubling that into what we’re currently at, with Beastmaster around the corner,” he said.”We’re especially excited for the game to come out of early access when we do get around to that – we’re hoping to get a nice push of new players to get in here and get these new fresh perspectives on how the game is feeling for newer players.”Celebrating employer excellence in the video games industry8th July 2021Submit your company Sign up for The Daily Update and get the best of in your inbox. Enter your email addressMore storiesPsyonix making Rocket League spin-off for mobileEpic Games subsidiary’s Rocket League Sideswipe is planned for release on App Store and Google Play later this yearBy Brendan Sinclair A month agoRocket League passes 1m concurrent playersPsyonix reaches a new milestone as its competitive driving/football hybrid goes free-to-playBy Marie Dealessandri 7 months agoLatest comments (2)Greg Wilcox Creator, Destroy All Fanboys! 0Sign inorRegisterto rate and replySign in to contributeEmail addressPasswordSign in Need an account? Register now. 5 years ago Ah well. They should have gotten the rights to do a remake of Blood Omen: Legacy of Kain and THAT would have gotten a new audience for the series as well as more player interest in Nosgoth… but more as a solo player game with an optional online experience because it’s always been best as a single player experience.center_img 3Sign inorRegisterto rate and replyAlfonso Sexto Lead Tester, Ubisoft Germany5 years ago This may be another example of the problem that multiplayer-only games are facing. If you don’t add a story mode or some short of single-player fraction of the game, you will eventually begin to see a decline on users or how the number stalls. Happened with Evolve and Titanfall, for example: Both great games for which the lack of a campaign mode or similar single player gameplay in the end played against them. We are also beginning to read some complains online regarding Street Fighter V’s lack of offline only modes.last_img read more