Today is world MSME day. According to the latest ASBFEO report, the economic contribution of small business to the Australian economy has topped half a trillion dollars. The value of small business to the economy surged by 15 per cent in 2021-22 to $506 billion and accounts for one-third of Australia’s GDP.  The report also…

In the realm of Small and Medium Enterprises (SMEs), leadership plays a crucial role in fostering organizational alignment. When leaders act as alignment champions, they create a strong foundation for success, driving the entire organization towards a shared vision and goals. In fact, research shows that SMEs with strong leadership alignment are more likely to…

Organisations are continually searching for ways to gain a competitive advantage. While traditional strategies focus on product innovation, cost reduction, and market positioning, there is a powerful yet often untapped resource that can propel companies forward: employee empowerment. Employee empowerment as a competitive advantage is closely intertwined with strategy development. When employees are empowered, they…

In the present climate, all organisations – particularly MSME’s, are faced with the challenge of planning for an unpredictable future. The traditional approach of relying solely on historical data and linear projections is no longer sufficient. Fortunately, there is a powerful tool called strategic foresight that can assist organisations in navigating this uncertainty. Strategic foresight…

In today’s competitive business environment, strategic planning has become a crucial element for organisations striving to achieve long-term success. It goes beyond simply envisioning goals and requires a systematic approach to navigate the complexities of the ever-changing market. In this article, we will delve into the key frameworks that can help organisations master the art…