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In this Issue ...

Editor's Letter...

Educational research has shown case studies to be useful pedagogical tools. Case studies are fast evolving into an important part of an interactive learning strategy, and they have a special appeal because they bridge the gap between theory and practice, allowing the application of theoretical concepts to be applied to real life situations. To further strengthen our commitment to practical business empowerment as well as to commemorate a successful year, this last issue for 2007 includes three case studies built around the experience of leading local enterprises. The first case study deals with the just-in-time(JIT) concept using the experience of Toyota as an example of what can be achieved through this principle of supply management. It was Toyota which popularised this concept by refining and applying it in the formulation of the Toyota production system. The case study then goes on to explore what JIT actually represents, how it works in practice, and how it may be applied to other activities outside the automotive industry. Our second case study follows the developments of Crimsonwing. This enterprise was set up in Malta by a British entrepreneur and has been growing since then. Its secret has been its ability to create competitive advantage through the development of its human resources. Crimsonwing is about to be listed on the local stock exchange. In the final case study we remain in the ICT world and focus on the experience of 6pm. Founded by a local entrepreneur, this company managed to grow rapidly on the international market by selectively exploiting a strategic partnership with a UK based company. In this edition we have also included two articles with an ICT focus. As electronic waste continues to grow at a fast rate, the need to adopt greener policies is becoming increasingly important for enterprises. The other article argues that as organisations invest more and more resources into ICT, they need to have an effective information strategy evaluation so as to enhance the economic returns from these investments. The article on tempting explores how this growing phenomenon is impacting upon the labour market. Temping relates to the engagement of employees on a temporary basis and often provides solutions to inflexible and uncompetitive work practices. To ensure the sustainability of this practice it is important for governments to have it regulated. Another HR article emphasises that employers in the local tourist industry need to reconsider the "work contract" and balance its pecuniary aspects with "socio-emotional" exchanges such as trust, respect and loyalty. Quality is a fundamental issue facing every society and underwrites the competitiveness of enterprises. Quality involves the overlap of knowledge, skills and attitudes and hence depends first and foremost on people. And finally a word of caution to each one of us. Real success in our working lives demands that we learn how to manage stress and avoid burnouts. Too much stress lowers our productivity, makes us irritable and negative. Work is important for a purposeful life, but it should not become the sole purpose of life. We once again wish you a most enjoyable Christmas season, and a joyous and prosperous 2008.