• Politics and Policy

    Labor’s Ed Husic Criticises Government Innovation Strategy


    admin |  September 20, 2017


    Labor’s Shadow Minister for the Digital Economy, Ed Husic, has criticised the government’s approach to economic innovation at an AFR Innovation Summit in Sydney.  Despite the announcement of a consultation paper towards the Government’s new Digital Economy Strategy by Federal Industry Minister Arthur Sinodinos, Mr Husic believes the government is “going quiet” on acknowledging Australia’s […]


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  • Politics and Policy

    Sinodinos Announces Digital Review


    admin |  September 20, 2017


    Senator Sinodinos has released a consultation paper on the Government’s new Digital Economy Strategy, which is due for release in the New Year.  The paper highlights the need for improved digital infrastructure and business capability, better digital skills and greater social inclusion.  The Strategy should ensure Australia benefits from digital transformation and gains jobs and […]


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  • Business

    Secret of success for midsize business: family entrepreneurs


    Albrecht von der Hagen |  September 13, 2017


    The Mittelstand is a unique phenomenon from which Germany’s economy has been built. Albrecht von der Hagen, Association of Family-Owned Businesses Chairman addressed the GAP Summit on the role family-owned midsize businesses play.


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Latest News

  • Tax breaks not the recipe for economic growth

    Virginia Harrison     |      October 19, 2010

    Prof Beth WalkerMEDIUM-size enterprises are the poor cousins of big business with little policy influence, despite their powerful productive capacity.

    Professor Beth Walker from Edith Cowan University (ECU) School of Management argues both sides of politics have failed on business policy. Perhaps it’s time for a medium-enterprise caucus.

    “Neither side had any policy this election. They always talk about reducing the tax rate, but it’s such a tiny amount for most businesses. It doesn’t add up to much. They talk about putting in some small incentive. None of them came up with any new initiatives about how to get more productivity.” She said.

  • Getting old gracefully: how to prepare for the ageing workforce

    Virginia Harrison     |      October 19, 2010

    Adrian WalshBUSINESSES are in a race against time as more workers enter retirement and leave companies parched of skills, experience and resources.

    Managing Director of Adrian Walsh & Associates Adrian Walsh has provided human resources, consulting and business development services to the mid-size market for more than 20 years.

    He says employers underestimate the threat the ageing population will have on their business.

  • Beware the inside job

    Virginia Harrison     |      October 19, 2010

     


    Smaller businesses face a much higher chance of employee fraud than large organisations. Forensic accountant Arnold Shields tells how companies can minimise the risk of an inside job.

    The $20 million embezzlement by a former accountant of Clive Peeters which brought the electronics retailer to its knees sounded a fresh warning to management on fraud controls.

  • Price-fixing: Using technology to raise retail margins

    Virginia Harrison     |      October 19, 2010

    Michael WaymarkAt nearly eight o’clock on a Friday night a liquor-store owner scans his shelves and makes a competitive decision – time to bump the prices up 10 per cent.

    It’s a move many retailers execute at peak times, requiring manpower to print the updated labels and manually change them throughout the store.

    Imagine if with the press of a button, you could change all the prices across your store at once.

  • Invest in people and exploit digital tools to understand your customers

    Virginia Harrison     |      October 19, 2010

    Nicola FeeneyMarketing guru Nicola Feeney explains how mid-size companies can brand better.

    ‘Make sure you have a unsubscribe button’ is a key message marketing expert Nicola Feeney offers clients trying to come to grips with advertising in the digital age.

    Telling potential clients to ignore you might sound odd, but with more than two decades of experience Ms Feeney’s approach of ‘communicate, don’t stalk’ has paid dividends for scores of organisations.

  • Cafe OZ: OECD economist putting theory into practice

    Virginia Harrison     |      October 14, 2010

    Jonathon CoppelAfter decades spent advising on the economy Jonathan Coppel decided to roll up his sleeves and hit the frontline. 

    Several years ago the OECD economist launched Australian-themed bar Café Oz in his adopted home town of Paris

    “We saw the emergence of Irish bars in Paris and people would always say oh Australia, we’d love to go, but it’s just too far. So we thought we’d bring a bit to Europe.”

    It took nearly two years to get things off the ground, and Mr Coppel said getting investors on board was the hardest part.

  • To market, to market: tips and traps in commercialising an idea

    Virginia Harrison     |      October 14, 2010

    It’s every entrepreneurs dream. A killer business idea, a new product or specialised service, hits the market and finds instant success. 


    But the road from creative concept to genuine money-earner can be a rocky one.


    Intellectual property (IP) lawyer Geraldine Farrell specialises in the commercialisation of IP and technology.  As Special Counsel at Griffith Hack Lawyers, Geraldine sees plenty of ideas in their embryonic stage, along with the best and worst attempts at taking an idea to market.


    She spoke to First 5000 what to look out for on the pathway to commercialisation: