| |
Top Ten challenges facing ANZ companies in 2010. |
|
|
|
| |
The greatest strategic challenge facing Australian and New Zealand Small to Medium Businesses in 2009 will continue to be growth, even with improving economies and an end to the GFC. Key factors that are contributing to this are: |
|
|
| |
|
|
| |
|
Availability of skilled people. |
|
| |
|
Available funds to the SME |
|
| |
|
Changing competitive position in key sectors. |
|
| |
During the past year we have identified the top 10 challenges facing SME businesses in most key industry sectors. |
|
| |
Growth: Domestic markets have bee sluggish in the past 18 months and some key Industry Sectors have been slow in responding to the improving economy cycle. This has impacted sales for ANZ companies. To achieve measurable growth ANZ companies must look to export to key international markets. |
|
| |
Skills Shortages: Across all industry sectors the lack of suitable experienced managers is clearly visible. SME should consider extending the working life of existing people and hire on short term contract key people to meet growth objectives. |
|
| |
Increasing competition: Given the changing shape of the US economy, ANZ SME will face increased intense competition in a number of key sectors, IT Software, Communications apps for mobile services, solar energy.
|
|
| |
Financing for Growth: SME’s continue to meet difficulties obtaining short term funding to meet growth goals. Solutions may lie in M&A, partnerships and joint ventures.
|
|
| |
Innovation: ANZ companies have fallen behind their major counterparts in the USA and Europe in the IT and communications sectors. There are a number of Federal and State initiatives that can help individual companies. |
|
| |
The inability to capitalize on emerging markets e.g. will of Australian SME’s is still an issue, SME should seek help to address this. |
|
| |
Industry consolidation/transition. e.g. continued decline of Australian manufacturing, here partnerships, joint ventures particularly with Chinese companies will improve the long term position of SME’s. |
|
| |
SME’s shocks as a result of rising costs. Here, rising energy costs, transport costs and wages pressures as a result of increases of living costs will impact SME’s. |
|
| |
Quality/process improvement: Wether a direct impact of the GFC or just a worsening situation across ANZ, the decline of service and product quality can be seen in the growth of consumer and company complaints. ANZ companies must focus on improvement particularly tourism, insurance and travel. |
|
| |
Increasing strength of the Aus$: This is and will show in a number of industry sectors through 2010 against the major currencies Euro, US$, UK Pound and YEN. ANZ companies must stay lean and mean for some time to come to combat this threat |
|
| |
At MK4 we use our depth of knowledge to help companies, grow, improve and reach their potential. We also use our knowledge and contacts to sell successful businesses, achieving maximum market value. |
|
|
| |
|
|
|
| |
|
|
|
| |
|
|
|
|
|
|
|
