Tips to delegate successfully, Brexit to affect the prices of precious metals, and Port Moresby ranks 135 in the Global Liveability Index. Readings from around the world on business, leadership and management.
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Boardroom briefing: how to delegate successfully, Brexit and metal prices, and Port Moresby’s liveability

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11 Sep 2019 by Leave a Comment

Tips to delegate successfully, Brexit to affect the prices of precious metals, and Port Moresby’s rating in the Global Liveability Index for 2019. Readings from around the world on business, leadership and management.

Delegate like a leader

Delegating successfully is one of the secrets of successful leaders but how to do it properly?
There are plenty of books out there, but the Harvard Business Review has condensed the best advice from several experts into a helpful list.
In a nutshell, the key factors appear to be:
  1. Choose the right person to delegate to
  2. Be clear about how much autonomy they have
  3. Be clear about the desired results
  4. Make sure they have the resources to do the job
  5. Make sure there are milestones in place so you can provide feedback
  6. Encourage innovative ways of completing the tasks
  7. Create a motivating environment
  8. Use mistakes as learning opportunities, not excuses for not delegating
Sounds simple, doesn’t it? Of course, we all know the devil is in the detail.

Brexit influence on metal prices

Gold bullion. Credit: Pixabay

The gold price could be set to spike because of Britain’s imminent exit from the European Union, according to a report from the Birch Gold Group.

‘The next most obvious catalyst event would be Brexit. If the Brexit decision culminates in a No Deal exit from the EU then expect metal prices to skyrocket from that point on.  I do not believe the recent Tory “rebellion” has changed the dynamic enough to stop Brexit from happening. When a crisis is near, precious metals are heavily bought.’

In 2018, gold accounted 24 per cent of Papua New Guinea’s export value and the average export price rose by 7.7 per cent on the previous year, according to the Bank of Papua New Guinea.

Time to grow

Welcome sign at Port Moresby (POM) Airport. Credit: BAI

Champagne corks were probably not be popping at City Hall in Waigani Drive at the news Port Moresby has jumped a single spot in the Economist Intelligence Unit’s 2019 Global Liveability Index.
POM rises to 135th out of 140 cities around the world as a place to live. Last year, it was 136th.
‘Our liveability rating quantifies the challenges that might be presented to an individual’s lifestyle in any given location, and allows for direct comparison between locations,’ says the EIU.
‘Every city is assigned a rating of relative comfort for over 30 qualitative and quantitative factors across five broad categories: stability, healthcare, culture and environment, education, and infrastructure.’
If Governor Parkop can achieve his vision for Amazing Port Moresby, it could bring down the cost of business in more ways than one.
Whether you agree with POM’s place on the list or not, the fact remains that many organisations use the EIU index to calculate hardship allowances and other costs of employing expats. Port Moresby’s low ranking therefore adds to the cost of doing business.

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