Australia is on the cusp of competing globally, but has come to a crossroads on how it engages with and learns from its Asian neighbours.
With the roll-out of the NBN continuing, Australia is reaching a point where it can successfully compete globally, if not having already reached that point. However, fear of change and innovation is holding Australia back, one business growth strategist says.
“Australia has a decision to make,” Pamela Young, author of Stepping Up, said. “Resist change and face the consequences, or evolve its thinking and take the next steps towards prosperity and a better future.”
Young, a returned expat, believes that Australian organisations need to foster a closer relationship with Asian businesses, through both employment and growth opportunities of current and potential Asian candidates.
To achieve this, Young suggests that organisations improve diversity on all fronts, allowing those of all cultures to impact and participate in the future of Australian business.
“We may look like a multicultural society on the outside, but we are a long way from operating like an inclusive society on the inside,” Young said. “The exclusive behaviours cost Australia in productivity and GDP, limit innovation and growth and affect our global position and reputation.”
The need to equip Australian businesses with the skills and knowledge required to enter the Asian markets is known to the Australian government. Richard Marles, trade minister, announced last month a government-funded National Centre for Asian Capability.
The centre will align individuals with the skills, abilities and attributes necessary to expand understanding of Asia, establishing new links to help Australian organisations flourish during what is being referred to as the ‘Asian Century’, The Australian reported.
Key HR take-aways
A number of major issues prevent people from becoming fully productive and reaching their full potential. Young has assembled a number of issues HR managers can work towards identifying: