Whether you are an existing business examining investment options for expansion or a start-up venture the fundamental question is where do I get the maximum Return on my Investment whilst minimising Risk?
\nWe have addressed this question in the context of SMEs who by development of IP embedded in new or enhanced Products and Services and adoption of New Business Models, will forge their place in the Asia Century to become major Business Enterprises.
\nEconomic development in the Asian region is presenting many business and commercial opportunities for Australia beyond the resource sectors.
\nAs Australian Business and Commercial Leaders strive for Strategic Growth in both domestic and export services they do so in the Asian Century which presents an unprecedented mix of complex Risks and Opportunities to business enterprises.<\/p>\n
The Asian Century<\/strong>
\nThere is a fundamental and historic shift in the world\u2019s economic activity from West to East:
\n\u2022 In 1990 China and India [CHINDIA] together accounted for less than a tenth of the world GDP,
\n\u2022 by 2010 China and India accounted for almost a fifth of the world GDP, and
\n\u2022 by 2020 China and India are projected to account for more than a quarter of world GDP.
\n\u2022 In 2025 The Asia Region will account for more than half of world GDP.
\nA Strategic Context Reality is that the Threat of Competition from low cost centres in Asia is accelerating at an alarming rate enabled by Australia\u2019s Free Trade Agreements.
\nGlobalisation is creating a world of increasing complexity where historical boundaries
\nbetween industry sectors and countries are rapidly fragmenting to produce discontinuous changes.
\nIndustries are tending to consolidate on a global basis to lowest cost centres enabled by new
\ninformation management technologies supporting global supply chains.
\nWe suggest that the Australian Government Department of Industry and Science, Industry Growth Centres Initiative is a good place to start.
\n1. Food and Agribusiness
\n2. Mining Equipment, Technology and Services [METS]
\n3. Medical Technologies and Pharmaceuticals
\n4. Advanced Manufacturing
\n5. Oil, Gas and Energy Resources
\nWith recent government announcements on New Submarines Project and Army LAND 400 \u2013 Land Combat Vehicle System we have included Australia Defence Industry in our study.
\n6. Defence Industry
\nOur Business White Paper provides a brief overview of each sector and a high level SWOT analysis of Strengths, Weaknesses, Opportunities and Threats places the complexities in each of the six sectors in a strategic context.
\nA copy of the Business White Paper is available by contacting bede@manufacturship.com
\nThis article originally appeared at The New Industrialist. It has been republished with permission. To see the original version click here.
\nBede Boyle is Chairman of Manufacturship Group. He contributes over twenty years\u2019 leadership roles in management consulting firms guiding development of a blue chip client base Including BHP, BlueScope Steel, CBA, Department of Defence, GM Holden, Hancock Coal, Leighton contractors, QANTAS , SMEC, Xstrata Coal and Zurich Insurance<\/p>\n","protected":false},"excerpt":{"rendered":"