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The bigger the business, the less likely it is to be innovative,
according to Wesfarmers managing director Richard Goyder. And that's no
small claim from the chief of a conglomerate with some 200,000
employees. However, the Western Australian group, that began almost 100
years ago as a farmer's cooperative, has managed to keep growing and
innovating across diverse sectors, including retail, resources and
financial services. And its latest results indicate it's on plan to
turnaround the Coles group business. In an interview with
Knowledge@Australian School of Business, Goyder outlines how Wesfarmers,
with its many smaller companies, beats the problem of innovation
shrinking in inverse proportion to the organisation's size.
Many of the world’s economies are still struggling to recover from the
global financial crisis. The threat of a crisis Mark II is not out of
the question, though it’s unlikely, says Anne Krueger, a former chief
economist of the World Bank, and first deputy managing director of the...
Published 10/04/12
Australia, with its sound and well-managed financial system, stands to
reap significant benefits from the economic growth in Asia. But a key
question remains: how should Australia position itself in the Asian
century? Reaching a consensus on this is crucial, according to Masahiko
Takeda,...
Published 10/04/12