“Embrace technology disruption” – the phrase has been heavily bandied about in public discourse lately after Turnbull announced the expression in his first statement after being elected Liberal leader last year. Although generally pertaining to the topic of Turnbull’s ‘Idea Boom’ or about shifting the culture of Australia, a new report reveals Australian small and medium-sized enterprises (SMEs) have already been embracing the technology disruption over the past year. The biannual MYOB Business Monitor, released today, surveyed over 1,000 Australian […]
‘Innovation’, the term alone has somewhat formed a place in the Australian vernacular in recent months. The buzzword skyrocketed into popularity when Prime Minister Malcolm Turnbull issued its National Innovation and Science Agenda last month, detailing plans to increase innovation, entrepreneurship and reward risk tasking. However, while endorsing start-ups and STEM is important, corporate Australia must not be left behind. Hence, how can companies in Australia make innovation more than just political jargon? To begin with, to transfer innovation into […]
The government’s $1.1 billion innovation agenda – a trademark of the Turnbull regime – was unveiled in December under the catchphrase ‘the ideas boom’. Relative to this, the Turnbull government is to devote a further $28 million into its annual advertising budget to pitch its innovation agenda and trigger a culture shift in the country. Last year, Australia’s dwindling global innovation rankings spurred an interest in the need for a philosophy change related to risk-taking, new ideas and business failure. Consequently, […]
Indeed, the start of a new year often signifies the beginning of an onslaught of resolutions. Whilst breaking a coffee addiction, hitting the gym or eating clean are often the personal innovations that plague resolution lists, the goals of a company shouldn’t be left off the agenda. In particular, innovation, much like resolutions, helps to refresh, reinvent and re-energise companies. In light of Turnbull unleashing his plans for an ‘ideas boom’ last month, Australia is somewhat playing catch-up in cultivating a […]