Sowing the seeds of future success - Ernst & Young - Australia

During some of the best and worst of times, our On the move report has chronicled the trends behind the most rapidly growing ASX listed companies with a head office in WA.  In our latest quarterly report (pdf, 1.2mb), interviews with the Chief Executives of some of the fastest moving WA companies share what they consider to the their keys to ahead-of-market success and effectively provide a “blueprint” for any business seeking to position their company for success when their industry emerges from a downturn. 

Global economic recovery depends on the proven relationship of entrepreneurship and innovation to economic growth (pdf, 1.21mb). Large corporations in particular must build and sustain innovation-oriented cultures to retain their roles as market leaders. Economic growth is also created by effective public policy — the current crisis is the perfect time for policy-makers and business leaders to support entrepreneurs and innovators at all levels of their economies.

The focus in clean technology is often on renewable energy. However, the provision of safe, clean drinking water supplies could eventually be a bigger challenge. We are already seeing new technologies aimed at areas like irrigation, metering, desalination and filtration. This is a market with huge potential for further innovation and development, as "Spotlight on water" (pdf, 5.2mb) points out.

In troubled financial times, hope for a brighter future resides largely in the world’s potential for renewed economic growth. Our research, "Groundbreakers: Using the strength of women to rebuild the world's economy,"  (pdf, 2.3mb) demonstrates that the increased participation of women in business could significantly enhance global growth.