Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Business Survey: NZ Top And Bottom

New Zealand Top And Bottom Of The World In Global Business Survey Findings

New Zealand businesses have more concerns than elsewhere in the world about Government regulation and red tape, and have fewer exporters than the global average, but they do lead the world in turning to technology to improve profitability.

These are among the key New Zealand findings from the International Business Owners Survey (IBOS) carried out by chartered accountants and business advisers Grant Thornton and released globally today. It is the first time New Zealand firms have been included in the global survey.

Other findings included the fact that New Zealand is among four countries with a particularly positive employment situation, and a nation where bills are paid relatively quickly by international standards.

But on the export side, New Zealand falls down badly in linguistic ability ? it is at the bottom of the class when it comes to having the ability to negotiate in more than one language.

The international survey covered 6,900 independent, medium-sized* businesses, including 150 in New Zealand.

Grant Thornton New Zealand chairman Peter Sherwin said today: "The New Zealand findings overall provide serious food for thought.

"The issue of Government constraints remains at the top of business owners' minds, which translates to more solutions needing to be found in this area. >From an economy point of view, this negative perception is not helpful.

"It is also obvious that more needs to be done on the export promotion and education front. It is disappointing to see the lack of second-language skills, and this of course can be a factor in our export performance."

Mr Sherwin said it was heartening, however, to see confirmation of the uptake of new technology as a profitability improvement tool.

He said the survey provided valuable information for New Zealand businesses because, for the first time, they could see how they fared against other countries in vital areas for success.

"Through this international benchmarking they can see where the shortcomings are. These comparative measurements are important in New Zealand improving its commercial competitiveness."

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>

ALSO:

Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>

ALSO:

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news