Harvard Business Review Notes by Frank Olsson- March/April 2020
The theme for this issue is “Creating a Culture of Experimentation” where one article points out that although an organization says it is tolerant of failure, the individual in charge of failure fears risk of being down-rated, often causing risk-averse behaviour. There is an interesting article called “What’s Holding Women Back?” and one “One Last Chance to Save Capitalism.” Holding women back is is to a large extent caused by an engrained (erroneous) bias that women are less committed and for saving capitalism the article points out endemic abuse of rules, ethics and decency in the relentless pursuit of profits wealth and power. When we move from the odd rotten apple in the barrel to a rotten barrel there is a serious problem. Business have the power to shape responsibilities for the greater good. They should exercise it. Please find below a few notes from this issue.
New Individual Members
Marcel Roos - linkedin
Bryn (Brynhild) Maddox - linkedin
Paulo Naititi - linkedin
Ulla Pantsar - linkedin
Taino Bendz - linkedin
Maria Dettmer - linkedin
Meeting the EU Ambassador to New Zealand, Nina Obermaier, 17 Feb. 2020
Harvard Business Review Notes by Frank Olsson- Jan/Feb 2020
As always, a few interesting articles in this new issue. I found the one on political interference in international trade and business for no other reason than demonstrating raw power interesting and scary. The authors research suggests that American consumers are paying higher prices because of money influence on lobbying and regulation, favouring donors rather than the public and market efficiency. When rules and ethics and fair play go out the door it is time to reflect and be concerned. Another article points out that CFO run reporting and companies often lack the customer focus which is key for long term success. When anyone is buying a company, the customer base is a critical part of what they’re buying. Please find below a few lines from this issue.
New Company Member- GN Hearing
GN Hearing is a leading international developer and manufacturer of innovative hearing healthcare solutions committed to let people hear more, do more and be more than they ever thought possible. The company has reinvented the hearing system with its revolutionary ReSound Smart™ Hearing aids that give impressive sound and personal freedom to hearing aid users through wireless smartphone and tablet connectivity.
Hera Hjartardóttir- New Music Update
It’s June and I’m in Iceland. We have 24 hours of sunlight at the moment and it’s absolutely beautiful. It feels like forever since I sent a proper update, and I have some real news now.
NZSBA Scholarship recipient, Tom Collins Experience in Sweden
I feel very fortunate to be able to think about ideas and have discussions with classmates on the big issues of our time, like climate change, the rise of far right populism and what crazy statement Donald Trump will make next. I know this wouldn’t be possible without the support of everyone at the NZSBA and the Hans and Pat Björklund Scholarship, so thank you again. I hope you all have a happy and healthy 2020 and I look forward to updating you when the weather’s a bit better.
New Company Member- FCG ANZDEC
FCG ANZDEC was established in New Zealand in 1970 and since 2002 has been part of FCG Finnish Consulting Group, a global consulting group with headquarters in Finland. FCG ANZDEC provides consulting and project management services for international development, promoting environmentally-sound and socially equitable economic growth in developing countries in Asia and the Pacific.
Christmas Dinner 2019
Design Denmark Exhibition at Auckland Art Gallery
We were delighted to support the amazing Denmark Design Exhibition at Auckland Art Gallery, which opened on Friday night, with Tom Noring, the Ambassador for Denmark, and Inger Mortensen, Denmark’s Honorary Consul-General in Auckland.
An evening with HE Andrew Jenks, New Zealand’s ambassador to Scandinavia
We were delighted (and honoured) to share an evening with HE Andrew Jenks, New Zealand’s ambassador to Scandinavia - warm, high energy and captivating. Huge thanks Andrew - great presentation and engagement; our hosts, Duncan Cotterill and our fabulous guests for making it a very special evening.
Cendio AB - New Company Member
Since 2015, Cendio has had a presence in New Zealand through its support and integration partner MUTEX NZ. Through this partnership, Cendio hopes to bring ThinLinc to the Australasian region as an attractive and fully supported solution. Cendio's head office is still located in Mjärdevi Science Park in Linköping - the seventh largest town in Sweden, and the center of the aerosystems industry.
Congratulations to NZSBA member PushMyButton
Happy Or Not founders, Heikki Vaananen and Ville Levaniemi, have just been profiled on the BBC’s weekly The Boss series (which profiles business leaders from around the world)
Facteon - New Platinum Member
Facteon is an industry leader committed to creating factory solutions by utilising the latest smart manufacturing and Industrial IoT technologies. Facteon headquarters are in Auckland, New Zealand while our China operation is in Qingdao. Our China-based team provide extensive in-market support to Facteon customers. The services available include machine building, robotics and PLC support, machine upgrades, full mechanical servicing and custom machining of components.
Push My Button - New Company Member
Push My Button is the official reseller of HappyOrNot (www.happy-or-not.com/en a global customer service and employee satisfaction solution, developed in Finland) in the Pacific Region (New Zealand, Australia, Fiji, Solomon Islands, Vanuatu and Papua New Guinea) since 2013. Our vision is to make people happier one smiley at a time. Since inception we have collected well over 30 million feedbacks and HappyOrNot well over 1 billion worldwide.
Tom Collins, NZSBA's 2018 Scholarship recipient: His experiences in Sweden
Hej! I’m Tom and I was awarded the Hans and Pat Björklund Scholarship for studies in Scandinavia last year. Since being awarded the scholarship I have moved to Sweden and started a two-year master’s programme in Global Studies at Lund University. The course has been fantastic so far. We have mostly been focusing on how the process of globalization, with all its various political, social and economic factors, has impacted millions of people around the world. For example, in one essay I looked at how globalization, particularly through social media platforms like Facebook and Twitter, has created an identity crisis for many young people.
Kromann Reumert - New Company Member
Kromann Reumert is the leading law firm in Denmark with offices in Copenhagen, Aarhus and London. The firm’s staff of almost 550 people, of which approximately 300 are lawyers, provide responsive, insightful and comprehensive legal advice and assistance to national and international clients, combining legal expertise with extensive specialised industry knowledge and a practical, constructive approach to legal issues.
Harvard Business Review March/April summary by Frank Olsson
This is the second HBR issue of the year. There are a couple of very interesting articles in there about leadership training, performance management, leading a professional firm, and mid-life crisis. I found the article “The Feedback Fallacy” especially insightful as what it says is so obvious and not well understood or practiced by most organizations. Please find below a few notes from this HBR issue.
Nordic Networking Unplugged at Wallenius Wilhelmsen
Another wonderful New Zealand Scandinavia Business Association's 2019 Nordic Networking event. Welcome TOMRA Sorting Food and Finnair, our newest members. Huge thanks to our hosts, Wallenius Wilhelmsen Ocean & Solutions and Mats Lewis ; to our logistics panel - Arnaud Michelin of @Finnair, Jolene Gibbs Nielsen of @Scan Global Logistics, Coby Duggan of Volvo Cars, and Mats Lewis of Wallenius Wilhelmsen Ocean & Solutions, and our fabulous guests - we appreciate your support.
Norconsult - New Member
Established in New Zealand in 2016, Norconsult New Zealand Limited (Norconsult NZ) is a multi-disciplinary engineering consultancy based in Grafton, Auckland. A wholly owned subsidiary company of Norconsult AS of Norway, (Norway's largest and one of the leading multidisciplinary consultancy firms in the Nordic region) our focus is on hydropower, dams and water resources projects.
New Member - Finnair
Finnair flies between Asia, Europe and North America with an emphasis on fast connections via Helsinki, carrying more than twelve million passengers annually. Finnair's extensive network connects 19 cities in Asia and 8 cities in North America with over 100 destinations in Europe.
IKEA to Open Auckland Store
Chris Linton (President NZSBA), Frank Olsson (Swedish Honorary Consul (and Swedish)) and James Clague (VP and Treasurer, with close links to IKEA's NZ launch head) recently attended the exclusive Ikea launch. They plan to open their first New Zealand in the Auckland area and online shopping platform in the next few years.
Life At Home report by IKEA
Finding home in the great outdoors: New Zealanders prize nature almost as much as their own homes
New findings from a global IKEA report reveal that 71% of Kiwis want access to nature over city life and are willing to compromise the size of their home for it
New Platinum Member - TOMRA
TOMRA Food operates in New Zealand through its wholly owned subsidiaries, Compac Holdings, and Compac Sorting Equipment (which it acquired in 2016). Compac is a New Zealand-based provider of post-harvest solutions and services to the global fresh produce industry.
Christmas Party - Swedish Style
A wonderful celebration for our 2018 Xmas dinner. Thank you Johan Larsson from SKF Group, for sharing a Swedish Christmas, Frank Olsson, our top MC in full song, our sponsors - Scan Global Logistics, Volvo Cars, Electrolux, Wallenius Wilhelmsen Ocean & Solutions, and Man O' War Vineyards, and our fabulous guests - we appreciate your support.
Member Profile - Proxima
Proxima is a dedicated sustainability business consulting and advisory firm. Proxima works with a diverse range of clients on all sustainability related issues including strategy, supply chain management, stakeholder engagement, operational improvement, communication and reporting.
Auckland 'Cohaus' project by member Studio Nord seeking Resource Consent
For the last couple of years NZSBA members Tom Gill and Helle Westergaard of Studio Nord has been helping put together a multi-unit cohousing residential development in central Auckland based on the Danish 'bofællesskab' model. Now the client group is really trying to make it happen on a site in Grey Lynn.
New Member - H & M Hennes & Mauritz NZ Ltd
In 1947, Erling Persson opens a new womenswear store in Västerås, Sweden. He calls it Hennes, Swedish for “Hers”.
1968, Hennes acquires hunting and fishing equipment retailer Mauritz Widforss, and the name is changed to Hennes & Mauritz. This is the start of offering of men's and also children's clothing.
Today H&M is still a Persson family run business comprising of over 4750 stores in 69 markets.
It’s six months since I became President of NZSBA – and I wanted to share some reflections on the role, and on what makes NZSBA a vibrant and growing organisation.
VOLVO Ocean Race Experience
What an inspirational evening! Thanks Volvo Group for hosting us at the Volvo Ocean Race Experience. Amazing presentations from Frida Langenius, Volvo Ocean Race Project Manager and ocean race sailor Damien Foxall, from Vestas 11th Hour Racing team, to a full house at the beautiful Volvo pavilion. Sustainability and Turn the Tide on Plastics were two memorable themes - let’s all support these important initiatives. Coby Duggan, Volvo NZ GM, our host and master mariner for the evening - a huge thank you from us all.
New member - Lightex
Lightex is rethinking of lighting design – providing detachable and customizable LED lights, with a combination of technology and aesthetic design.
Christmas Party - Went off with a Snaps and a song or two!
Thanks all who celebrated with us in true Scandinavian style at our Christmas Party made famous by the wonderful hosting and singing by our very own Honorary Swedish Consul, Frank Olsson. Of course accompanied by Snaps!
This year we enjoyed the wonderful ambience and sunset at Billfish Cafe on the Waterfront. Check out the pictures!
Breakfast Event with Danish Ambassador
On the 25th October we held a Breakfast event with Danish Ambassador, Tom Nørring where he spoke about Technology and The Future of Work with insights into how Denmark is tackling the global challenge.
The well-known Danish architecture firm Schmidt Hammer & Lassen, who are designing the new library in Christchurch, shared some of their insight and projects which everyone really enjoyed.
New Platinum Member - Electrolux
We are delighted to welcome Electrolux to NZSBA as a platinum member.
AGM 2017 at Duncan Cotterill
NZSBA's 27th AGM on the 15th August 2017 was well attended and kindly hosted by Chris Linton, at Duncan Cotterill offices.
New Member - ASKO Appliances: Inspired by Scandinavia
ASKO Appliances were introduced to the New Zealand market one year ago by the Jones Family Business and have quickly built a reputation as some of the world’s most sought after appliances. Inspired by Scandinavia, the functionality and design of every ASKO appliance represents the pinnacle in quality, and they remain true to the Scandinavian dedication to conservation and environmental protection with all of their products and ventures.
Scandinavian Trade Event
NZSBA hosted a trade event at Europe House earlier this year with special guests:
Danish Ambassador to Oceania, Tom Nørring
Mette Hoberg Tønnesen & Lone Ryg Olsen from 'Invest in Denmark'
General Collective + Scandinavian Christmas Market
Member Profile - Duncan Cotterill
Our valued committee member and secretary Chris Linton is a partner at Duncan Cotterill. Duncan Cotterill is one of New Zealand’s leading national firms, with offices in Auckland, Welington, Nelson and Christchurch. It’s our enterprising attitude – taking opportunities when they arise – and our strong commercial and pragmatic approach that attracts enterprising people and organisations to work with us.
Torsten Valeur's Latest Design for Bang & Olufsen
Harvard Business Review 2016 summary by Frank Olsson
Our New President, Frank Olsson, has a new website where he shares his thoughts on Humanising Business and regularly writing notes on the Harvard Business Review.
Here is a brief summary of the whole 2016 year in HBR.
A New Social Enterprise in our Midst
Committee member Claire Conza, who has been behind our marketing & comms for over 3 years, has been busy re-inventing herself and her purpose in life and business with a new way of doing business - Social Enterprise that is 100% purpose driven and places just as much importance on people & planet as profit. We are proud of her taking the win in the Idealog Creative Kickstart Competition on her birthday in August - check out the little video here.
Nordic Networking Unplugged + AGM at Cult
We had another AGM 11th August 2016, this being AGM number 26 , with good attendance. We were hosted by Paul Rinke-Mailman in Cult Design's premises at The Strand in Parnell.
Volvo to treat 40 Kiwis to the Volvo Experience in Sweden
Volvo ran a Sweden promotion in the first quarter of this year. They offered customers a free trip to Sweden for any new Volvo purchased between the 1st January and 31st March. This was a successful campaign and they are sending approximately 40 people over to Sweden. These customers will experience a tour of the museum, factory and brand experience centre, all covered by Volvo Car New Zealand!
Notes on Investment Criteria
Notes by Frank Olsson - "Early January I read an interesting book called Charlie Munger, the complete investor by Tren Griffin. I think the book makes a lot of sense and of course the proof of the formula is in the tremendous successes experienced by Warren Buffett, Charlie Munger and all the shareholders of Berkshire Hathaway. Investment success will normally start out with a plan which you try to stick to. For this to be possible the plan needs to be rather general and simple so it can allow changes in the market place to harmonise with the long term plan. The plan should be more philosophical than sophisticated, i.e. take into account the broader parameters of investment policy."
New Company Member - Mil-Tek
Manufactured in Denmark Mil-tek provides a unique range of waste compactors to help deal with waste and recyclables. Mil-tek is one of New Zealand’s best known and respected waste management solution providers, with professional and experienced staff located around New Zealand.
HBR and it's Contribution to Society by Frank Olsson
I have been a keen reader of Harvard Business Review over many years and rate it highly. I find the magazine is trying hard in its choice of articles to act responsibly and contribute to build a better approach to business, and to moderate run-away capitalism.
Christmas Party - Celebrating 25 years Norwegian Style
We had a lot to live up to after an incredible Christmas Party in 2014, so of course we stepped it up a notch for 2015 to celebrate our 25th Anniversary! Our Authentic Nordic Christmas Party, Norwegian Style was be held on the roof-top of Next Generation Health & Lifestyle Club in Parnell on Thursday 3 December. The evening was a great success due to the joy and participation of all those present including the honorary consuls of Finland, Iceland, Norway and Sweden.
Scandinavian Christmas Market
The magical allure of a Scandinavian Christmas culture was captured by the Scandinavian Christmas Market again held at Danish House in Penrose and co-hosted by The Danish Society and the NZ Scandinavia Business Assn (NZSBA) was the drawcard that drew thousands of Aucklanders out on one of the busiest Sundays of 2015.
NZSBA's Cafe Fika at the Scandinavian Christmas Market 1st Nov
Harvard Business Review Notes by Frank Olsson
The October 2015 HBR issue comes with the cover message: The new rules for competition; be paranoid, disrupt yourself; go to war for talent. The third point could be changed to ‘finding, recruiting and retaining the best talent’ – or ‘intensify the quest for talent.’ (I think we should avoid war and war analogies - the war on terrorism, the war on drugs and the war on poverty have not been successful. Business is not about war – it is about service and competition – competition originating from Latin competere – to seek together). Please find below a few notes from this issue.
New Company Member - Line's Knækbrød
"It all started in 2011 when my parents came to visit from Denmark and brought this amazing recipe with them. I remember eating the Swedish Knækbrød as a child. With this recipe, it was love at first bite and we spent the rest of the summer & the following year baking and perfecting the recipe.
New Company Member - Duncan Cotterill
Our committee secretary, Chris Linton, is now a partner at Duncan Cotterill, one of New Zealand’s leading national law firms. Its clients include New Zealand and international corporates, public sector, local government, listed entities, insurers, banks and financial institutions, professional services firms, SMEs and private and institutional investors.
NZSBA AGM 2015
Intro from James's Presidents report: The quarter century milestone is quite an achievement and it’s an honour to be here and involved. The NZSBA began life back in 1990 as a Swedish Business Association by Hans and Pat Björkland, and later changed to capture the entire Nordic region. Hans sadly passed away in October 2012 but the spirit of what he wanted to achieve is alive and well here at the NZSBA.
A Haven of Sustainable Living, København. Denmark
Members looking for Job Opportunities
A couple of our members are looking for job opportunities in the accounting and HR professions, and we'd be grateful for you to consider them for your companies.
Radmila and Johan have recently moved to New Zealand from Sweden with their family, Johan is an engineer working at SKF and his wife, Radmila is looking for a position in HR, preferably recruitment but open to various HR positions. She has a 36 month work visa and is available for immediate start.
Yang has recently joined our committee and is looking for an accounting role since finishing her Postgraduate Diploma in Professional Accounting from AUT this year. She also gained a Bachelor’s degree in Financial Management in China and has experience working for IKEA and other international companies.
Platinum Member - SKF Update
In January 2015, Alrik Danielson took up the role of President and CEO for The SKF Group.
Changes were made to our Global structure and this included the merge of SKF’s two Industrial business areas, Strategic Industries and Regional Sales and Service to form the Industrial Market Division. The changes were done to enable the benefits of the SKF asset life cycle to be applied to industrial customers in a more efficient manner, through a simplified organizational structure.
Delivering value at each phase of the asset life cycle During each phase of the asset life cycle, SKF technologies and services help customers to optimize machine design and performance, reduce energy use and lower the total cost of ownership.
President's Brief July 2015
In June we held our second Nordic Networking event hosted by ABB at their premises in Grafton, Auckland.
It’s a privilege to have such icons as members - companies steeped in history that play such a pivotal roll in keeping the world functioning. This of course allows for some fascinating insights imparted by the NZ MD’s. The Nordic Networking events also give members a great opportunity to get together and network.
Events coming up include the AGM on 18th August, the NZSBA Business Forum on 21st September with a fantastic line-up of speakers, the Scandinavian Christmas Market on 1 November - at which we will again have a presence - and the Christmas Function early December.
Harvard Business Review Notes by Frank Olsson
This issue is about HR – “It’s time to blow up HR and build something new. Here’s how!” Some interesting observations even if I feel quite hesitant to the idea of strong central HR as I believe that HR should be the main focus of all senior managers. Developing and maximising the energy and competency within your team must be a direct responsibility of all managers and any suggesting that you can be a manager without such focus and skills is mistaken. The debate will no doubt continue. Please find below a few notes from this issue.
Volvo XC90 Launch
Our members were kindly invited to the launch of the new VOLVO XC90, and those that made it along were delighted. The new VOLVO showroom in Greenlane is stunning and testament to the rapidly increasing position VOLVO has in the luxury vehicle segment - the fastest growing luxury brand in the world. And like the new XC90, the showroom exudes Swedish design - minimalist, chic and downright cool.
Success Story - Switch Utilities & Scan Global Logistics
We love a good networking success story so we thought we'd share this one with you from Paul Grubi, Business Dev. Manager at Switch Utilities who was able to reduce operating costs for Danish based Scan Global Logistics through his relationship with Richard Manson.
Nordic Networking - Unplugged at ABB
On 9 June 2015 NZSBA member ABB hosted a Nordic Networking event at their NZ Head Office in Grafton, Auckland. This provided a great opportunity to network and get to know this company that has over 80 years of history in NZ. On behalf of all members who attended I would like to thank Ewan and the ABB team hosting a wonderful networking event and the fascinating insight into the ABB business.
Focus Denmark - Summer/Autumn Issue
In this May issue of focus Denmark we found some informative articles we thought would be of interest to you, our members, particularly on the value of trust and sustainability.
New Company Member - Sensorteknik
Learning to Dance - Corporate Style with Frank Olsson
Our very own vice president, Frank Olsson (Swedish Honorary Consul) has just released a new book "Learning to Dance - Corporate Style, how to humanise business and get more out of life". Anyone who has witnessed Frank's contagious joy and energy knows that he lives his life like a dance and we are in full support of promoting his approach to life and business. The design of the book was directed by our other vice president - Claire Conza's agency Future Village, and illustrated by her sister/designer Michelle Euinton. The small first run is selling fast so if you'd like a copy for $20, or a few for your staff, get in touch with Frank at email@example.com
SCA Volvo Ocean Race Pavilion Tour
Our most hygienic member SCA and the SCA Volvo Ocean Race Team kindly invited us to their pavilion in the Viaduct for a presentation from their all women team, as well as a private tour of the race village and Networking of course.