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The future of business in Australia

A selection of interesting articles relating to the future of business in Australia


Endeavour Awards 2016, keynote speech: Competitiveness in Australian Advanced Manufacturing: building on current momentum

Endeavour Awards 2016, keynote speech: Competitiveness in Australian Advanced Manufacturing: building on current momentum.

The Australian manufacturing sector grew in April for the tenth consecutive month (according to Ai Group), the longest period of expansion since September 2006. This is more than green-shoots. This is confidence in the sector’s outlook.
And since 2006, our manufacturing export [nominal] value has grown by 40%. In fact, over the past 12 months this sector …
See more on the Manufacturing Monthly

Transforming Australia’s future smart cities
Imagine a city that automatically collects information of all its processes, accumulating data for full visibility of its operations, so no resource is misallocated. Decision makers include citizens who actively e-participate in open innovation processes. The city has the artificial intelligence to learn, adapt, and innovate to accelerate economic and social development.

Read more on: THE AUSTRALIAN

It’s billionaires, not countries, who are powering innovation

Once upon a time the space race was driven by the competition between capitalism and communism. Now it is driven by the competition between individual capitalists.

Ancient Australia: world’s first nation of innovators

Ancient Australia: world’s first nation of innovators

This view slowly began to change with the discovery that Australia had in fact been occupied for tens of thousands of years. The unearthing of the Mungo Lady and Mungo Man at the Willandra Lakes in southwest New South Wales during the 1970s showed that people had been here for close to 40 thousand years.
But this was just the first in a series of discoveries and rethinks that would come to show the continent’s Indigenous people were truly pioneers in the global (collective) journey of humankind.
The ‘Innovation Nation’, the Prime Minister hopes we will become, began with these ancient Australians, and they racked up a large number of cultural world ‘firsts’, which we should all recognise and celebrate.
Here are just a four examples that show Australia was the world’s first Innovation Nation.

Read the full article on The Conversation

Directors need long-term view: Gonski

Mr Gonski said that when he served on the boards of Singapore-based companies, the single biggest difference between them and Australian companies was that Singaporeans looked to perform over the long term, and the Australians did not.

Read more on THE AUSTRALIAN

160305 Turnbull Innovation and Chinese Characters

Three months on from the innovation revolution announcement, there has been little movement on ideas in other sectors. The lack of big ideas in other areas is leading me to wonder if this is just another basket, or nice little progressive policy for the government to take to the election and then pray for commodity prices to rise.

One industry that doesn’t get the respect it deserves is Australia’s booming tourism industry. On the back China’s economic growth and growing middle class, one million Chinese tourists visited Australia in 2015, injecting almost eight billion dollars into Australia’s economy. The Tourism 2020 Strategy estimates that Chinese tourism has the potential to be worth up to $13 billion by 2020.

Read more on INDEPENDENT AUSTRALIA

“If you think about Australia’s future, it has been a successful economy based on resources but as you move to a more knowledge-based and services based-economy, the central focus of that is the south east quarter of Australia.”

“Whereas in the past Melbourne and Sydney tried to compete with other, really being a competitive global economic nation is the future of Australia.
“Secondly, you have a need to spread the population between these two centres as the population grows and they’re all going to move to Sydney or Melbourne.”

“The infrastructure can’t sustain that so you need to spend tens of billions of dollars improving that, such as adding new runways to the airports, or you do something different.”

Read more on THE SYDNEY MORNING HERALD

World-leading innovation

Australia survived the drought by demonstrating world-leading innovation and water planning and management. An important factor in the success was government and utility programs that rallied community support for lowering household water demand.

Southeast Queensland, for example, set a target to reduce each person’s water use to 140 litres (37 US gallons) per day. Queensland residents did even better/

Read more on THE SYDNEY MORNING HERALD


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Ben Kehoe