Description
Risk aversion remains rife in the aftermath of the global financial
crisis, but this approach is dampening corporate competitiveness and
putting much-needed innovation on the back burner. In major companies,
vigilance over risk and auditing practices has increased at the expense
of putting time and effort into competitive strategy, innovation and its
inevitable companion, calculated risk-taking. The president and
vice-chancellor of the University of New South Wales, Fred Hilmer,
argues that organisations now need to lose the attitude that every loss
is a problem, and policymakers should be enticing them to innovate.
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