Government can play a role here too. In broad terms, businesses should focus on ‘doing’, while governments should focus on ‘enabling’.
When it comes to increasing proximity to growth opportunities and strengthening competitive advantage, government has access to levers comparable to those available to business.
However, the courses of action open to government leaders will be different. These steps are effectively ways of hitting ‘forward’ and ‘fast forward’ to shape the future for our companies and Australia’s economy.
Superior sensing of growth pockets
Leverage natural assets
Create operating advantage
Raise GDP growth rate
Shift resources to increase exposure to growth