Magazine article New Zealand Management

Resolve

Magazine article New Zealand Management

Resolve

Article excerpt

What a difference a few months can make. In the last issue of Management magazine our listing of the nation's top 200 businesses ranked by revenue was a major cause for celebration. A trawl through the previous year's financial results had provided conclusive proof that New Zealand had been sunning itself in one of its best periods of growth since the 1960s. The entry level to the Top 200 club soared from $70 million to $113 million and collective after-tax profit rose a massive 117 percent. Not bad for a nation fighting the continuing strength of the Kiwi dollar and encroaching competition from overseas organisations.

Clouds were, however, gathering on the horizon and this year's economic news shows many businesses reaching for their umbrellas as the likelihood of bad weather approaches. So far this year it's been a double whammy. First up, came the latest NZIER quarterly survey of business opinion which reckons the confidence levels of the people running our local businesses are at their lowest ebb for the past 20 years.

Hard on its heels came a Grant Thornton International Business Owners' Survey showing Kiwi business optimism dipping below international averages for the first time in three years.

Even more so than in the past few years, smart and strategic thinking must be on the agenda of those New Zealand business managers who want to succeed. A good case in point is New Zealand's manufacturing sector--the subject of this month's cover story on page 30--which after years of negativity and retrenching is now reformulating its vision for a new place in the changing world order. …

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