
Christchurch earthquake costs shake Tower's bottom line.
The initial goal of this research was to explore how SME business models change in response to a crisis. Keeping this in mind, the business model canvas (Osterwalder & Pigneur, 2010) was used as a tool to analyse SME business models in the Canterbury region of New Zealand. The purpose was to evaluate the changes SMEs instituted in their business models after being hit by a series of earthquakes in 2010 and 2011. The idea was to conduct interviews with business owners and analyse them using grounded theory methods. As this method is iterative and requires simultaneous data collection and analysis, a tentative model was proposed after first phase of the data collection and analysis. However, as a result of this process, it became apparent that owner-specific characteristics, action orientation and networks were more prominent in the data than business model elements. Although the SMEs in this study experienced several operational changes in their business models, such as a change of location, modifications to their payment terms or expanded/restricted target markets, the suggested framework highlights how owner-specific attributes ensured the recovery of their businesses. After the initial framework was suggested, subsequent interviews were conducted to test, verify, and modify the tentative model. Three aspects of business recovery emerged: (a) cognitive coping – the business owner’s mind-set and motive; (b) adaptive coping – the ability of business owner to take corrective actions; and (c) social capital – the social network of a business owner, including formal and informal connections and their significance. Three distinct groups were identified; self-sufficient SMEs, socially-based SMEs and surviving SMEs. This thesis proposes a grounded theory of business recovery for SMEs following a disaster. Cognitive coping and social capital enabled the owners to take actions, which eventually led to the desired outcomes for the businesses.
The "Lyttelton Review" newsletter for 10 October 2011, produced by the Lyttelton Harbour Information Centre.
The "Lyttelton Review" newsletter for 18 June 2012, produced by the Lyttelton Harbour Information Centre.
An entry from Ruth Gardner's blog for 10 October 2013 entitled, "Very Good Venuti".
An entry from Ruth Gardner's Blog for 23 December 2013 entitled, "Craving a Cafe".
An entry from Ruth Gardner's blog for 23 September 2011 entitled, "Breakfast at Beat Street".
An entry from Ruth Gardner's blog for 6 August 2011 entitled, "Saturday Sights".
An entry from Ruth Gardner's blog for 4 August 2011 entitled, "Ballantynes Bus, Bargains, and Bullshit".
An entry from Ruth Gardner's Blog for 20 July 2014 entitled, "Breakfast with Black Betty".
An entry from Roz Johnson's blog for 8 May 2013 entitled, "If our cottage is demolished ".
It's estimated up to 150 businesses will go bust following the Canterbury earthquake.
A graph showing changes in business numbers in Canterbury.
Christchurch's first office and retail development since the earthquake gets the go ahead.
Website provides practical advice and information for business recovery following the Canterbury earthquake.
Christchurch's leading business group is criticising city council plans to slow down its earthquake rebuild programme. Conan Young reports.
A business owner wants more stringent background checks for people creating professional online profiles after discovering a potential business advisor is currently on home detention for corruption. Gerard Gallagher was convicted in June after trying to personally profit from information obtained while working for the Canterbury Earthquake Recovery Authority and Ōtākaro Limited between 2014 and 2017. Online, he promotes himself as a Business Advisor despite still serving a sentence of 12 months' home detention. Niva Chittock reports.
Text reads 'Dalai Lama visits Christchurch ostensibly to sympathise with quake-hit residents'. The cartoon shows the Dalai Lama bestowing blessings on a large crowd. In an insert he is seen sitting cross-legged on top of Mount Cook saying 'But off the record I came to look for a quiet spot to retire to!' Context - The Dalai Lama visited the quake-hit city for two days in early June. He also sent a letter of condolence to Prime Minister John Key after the February 22 earthquake. Quantity: 1 digital cartoon(s).
The cartoon shows God sitting at his computer with an image of a devastated Christchurch on the screen. He is about to hit the 'smite' key. Text above reads 'God at his computer'. Context - Two more earthquakes rocked Christchurch on 13th June, following those of 4 September 2010 and 22 February 2011. The first magnitude 5.5 quake struck at 1pm, 10 kilometres east of Christchurch at Taylor's Mistake beach, at a depth of 11 kilometres, and sent people scrambling for cover. It was followed at 2.20pm by a more powerful magnitude 6 quake, centred 10 kilometres southeast of the city and 9km underground. Quantity: 1 digital cartoon(s).
Kaikoura and Wellington businesses operating adjacent to quake damaged buildings may face disruption for years to come as owners drag their feet on repair or demolition work. A Christchurch property owner has been unable to completely re-open for business since the February 2011 earthquake.
A man carrying a life-saving ring printed with the words 'Marlborough Chamber of Commerce' that is attached to a rope labelled 'Business lifeline' shouts 'Ahoy Christchurch businesses!' Context - enticing Christchurch businesses to other places after the earthquake. Marlborough Chamber of Commerce general manager Brian Dawson said the chamber's first priority was supporting Christchurch businesses through their association with the Canterbury Chamber of Commerce. "When people start to weigh up their options, Marlborough has to be an option. We can show them Marlborough's an attractive place to do business." Residential development could also benefit from Christchurch arrivals, he said. (Stuff 2 March 2011) Quantity: 1 digital cartoon(s).
An entry from Ruth Gardner's Blog for 17 January 2014 entitled, "Brighton Beach".
An entry from Roz Johnson's blog for 6 January 2012 entitled, "Resilience".
Consumer confidence has stabilised after falling to a two year low in March, following the Christchurch earthquake.
A study by Canterbury University shows businesses have withstood the 7-point-one-magnitude Canterbury earthquake well.
Some Christchurch businesses are accusing the government of winding down its earthquake assistance programme too soon.
A new slew of Christchurch businesses are in limbo after Merivale mall was closed because of earthquake risks.
An article from Air Force News April 2011 titled, "Business Refugees Move into Museum".
The historic Townsend Teece telescope in Otautahi Christchurch was badly damaged in the 2011 earthquake, but has been expertly restored and is now reinstalled back in its central city home at the Arts Centre.
The Canterbury electricity lines company, Orion, says electricity use in its region is starting to recover following the earthquakes, helping it lift both annual profit and sales 3 percent.