By Graham White
Six best Australian-born, overseas enterprise figures talk about the effect of globalization and expertise on Australian company during this exam of the way forward for company in Australia. The individuals are Rupert Murdoch, president and CEO of stories company; Jacques Nasser, former CEO of Ford Motor corporation around the world; Geoff Bible, president and CEO of the Philip Morris team; Leigh Clifford, CEO of Rio Tinto PLC; Rod Eddington, CEO of British airlines; and Professor Lord may possibly of Oxford, president of the Royal Society and previous leader clinical consultant to British best Minister Tony Blair. mentioned are Australia's funding competitiveness, govt management, taxation coverage, social attitudes and associations, the Australian paintings ethic, and place of work kinfolk.
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And with universities: university research is heavily funded by and supported by corporations. The investment of corporations in university recruitment is also unbelievable. The resources allocated to it — not just with the students themselves but with the universities direct; fostering a two-way understanding of both what the corporations are looking for from the education sector and conversely what the universities are trying to achieve. The corporate relationship with the community in the US is not perfect, nowhere near perfect, but it is the best I have seen.
In the same vein, while adequate funding is hugely important for the development of science and science based industries, cash alone is no guarantee that the rewards, both scientific and commercial, will follow. There are other factors which must be addressed simultaneously: these include how and where the money is spent and how research is structured and directed. Even things like national attitudes to entrepreneurial risk-taking can play a part. For example, some countries achieve more for their expenditure on science than others.
If I were to look at those trends — economic, political and industrial — over the past 100 years, I’d say there have been four distinct phases, each of which effectively created the pre-conditions for its successor. If you look at the first years of the twentieth century it was a period of intense colonisation. There was colonisation of political systems, of religion, of trade and even industrial and business systems. Industrially, Henry Ford created an economic model for mass manufacture in the US, took that model and colonised it into Britain, Ireland, France and even Australia.
2020 Vision: How Global Business Leaders See Australia's Future by Graham White