Burnt-out from work? Watch out the decisions you make at your workplace
Have you ever felt burnt out? Occupational psychologist and CIM lecturer Dr Evie Michailidis discusses stress at work – something that concerns us all. Stress is acknowledged as a major health hazard in modern societies. Given that we typically spend about one third of our days at work, it cannot be denied that the workplace […]
Digital Transformation: Challenges and Opportunities for Businesses
Businesses have no choice but to digitally transform. CIM Academic Director Dr Myria Kkali lays out challenges and opportunities for business undergoing digital transformation. What is Digital Transformation?Digital transformation is defined as the realignment of, or new investment in, technology and business models to more effectively engage digital customers at every touchpoint in the customer […]
GDPR is just around the corner!
GDPR Readiness Assessment expert and CEO of PhoenixPro, George Korellis, discusses the implementation challenges faced by companies in the GDPR era. The Regulation in BriefThe General Data Protection Regulation [“GDPR”] is the new EU regulatory framework intended to significantly upgrade privacy protection. Within its scope is personal data of living physical persons who are in […]
Job crafting: A New Redesign Approach for a Meaningful Working Life
Georgia Thrasyvoulou, PhD candidate and Fellow at the Cyprus Centre of Business Research, writes about the key theme of her doctoral research: dealing with the demands of work intensification and the role of job crafting. The modern workplace is characterized by constant and continuous challenges and increased workload. Working life, it seems, becomes more intense […]
Leasing in the Car Industry: Advantages and Challenges
Marketing expert and Toyota Sales Manager Garo Dzaghigian discusses the advantages – and challenges – of Leasing. Leasing has for many years been a fairly widely spread practice for companies in Europe. The idea started with companies looking to outsource their fleet needs, so as to save time, money, and resources. So, rather than purchasing and maintaining […]
Cryptocurrency: An Overview and How to Deal with its Taxation and Accounting
Everyone has heard about cryptocurrencies, but how many have the full picture? CIM Lecturer and Tax expert Viktoria Soltesz gives a brief and concise account of what cryptocurrency is and how to deal with it when it comes to its taxation and accounting. Everyone has heard about cryptocurrencies. They were already a “hype” last year. […]
De-mystifying the Millennial Consumer
Dr Myria Kkali, CIM Academic Director, Marketing specialist, and Millenial, attempts to do what most traditional marketers fail at: understand Millenials as a distinct consumer group. There is a lot of hype about the millennial generation. Time Magazine called them the ‘Me Me Me generation’. But how does this generation behave as consumers? The Millennial […]
A Brief History of Shipping in Cyprus (II)
(continued from previous issue of the CIM Business Bulletin) By the late 1970s and early 1980s, the world shipping industry initiated a large-scale vessel renewal as the existing WWII carriers became obsolete. Following this massive renewal of the world fleet, a large increase in the number of existing vessels (also supported by various government policies both […]
Loyalty Cards and Personal Information
Dr Christos Themistocleous, of the University of Nottingham Business School, shares his research and expertise on customer loyalty schemes. Loyalty schemes are considered to be integral parts in the development of customer loyalty for companies within different sectors. For example, supermarkets within the Cypriot industry like Carrefour, Metro and Alfamega have in place loyalty cards […]
Mind the Gap: Academic Theories versus Industrial Reality
Dr Fotis Pavlou, HR expert and established CIM researcher and lecturer, debates the merits of combining theory and practice in academia. Debates regarding the gap that exists between academic theories and real business practices have been at the centre of attention in both academia and the industry. Why? Simply because collaboration based on the right foundations […]
Online media and Tourism Marketing
Marketing expert Myria Kkali considers three ways in which online media have transformed tourism marketing Tourism constitutes one of the major sectors of the Cyprus economy and one of the most important pillars of the recovery process, especially in the period after the 2013 crisis. However, the sector faces enduring structural problems and erosion of its competitiveness. […]
A Brief History of Shipping in Cyprus (I)
As already suggested in my last contribution to the Bulletin, the importance of the maritime industry in Cyprus is paramount. The Cyprus registry ranks today in the eleventh place worldwide (and third in the EU) while 20% of the world fleet is operated by firms located in Cyprus. Nevertheless, and despite its large contribution to the economy, we […]
Starting on your own: Some useful tax advice
Thinking up of starting a business on your own and debating whether to set up as a company or choose to be self-employed? Tax expert Marios Timinis explains the differences between the two routes An individual can commence trading either as a self-employed or by forming an own-managed Company. There are several factors to be considered before […]
Cyprus Tourism
Industry Performance, Challenges and Opportunities for Future Expansion Myria Kkali considers the performance, challenges, and opportunities for expansion of Cyprus’s tourism indusry. The tourism sector continuously proves to be one of the most important pillars of the Cyprus economy. Efforts to promote Cyprus as a holiday destination, intensified in recent years by all stakeholders, have been […]
Maritime Industry
In his first of a series of contributions on the maritime industry in Cyprus, Dr Nektarios Michail gives a brief overview of the Shipping industry in Cyprus today Cyprus has always been an active player in the world’s maritime scene. Its strategic geographical location, at the crossroads of three continents (Europe, Asia, Africa), the legal system based […]
The Cypriot Retail Sector
Retail expert Fanos Tekelas considers the ups – and many downs – of the retail sector in Cyprus The retail sector is one of the most important clusters of the Cypriot economy, representing 27.4% of Cyprus’s GDP. While the retail market in Cyprus was growing slowly but surely over the years, this incremental growth was sharply halted […]
Economic Progress Report
A brief overview of the economy, its strenghts, opportunities, and challenges. By Glafkos Mavros With the exception of the banking sector, the Finance Minister has good reasons to be satisfied with the current economic developments. Following dramatic and unprecedentedly difficult conditions in the last three years – which saw a cumulative reduction of 10.5% in GDP […]