The medium sized business sector matters3500 firms with 1/3 New Zealand turnover Total Revenue revenuebetween $10m - $120 billion economy $150mOr several times the size of the NZSXYet this engine room of the economy and itsowner managers are overlooked
At a time when big business damages the reputation of business, themedium sized sector is populated by UNDERSTATED HEROES Bernie Crosby Prolife Foods to become > $200m Trans Tasman food business in three years. Brent Archer Aucom Electronics: Christchurch and New Zealands next ‘Tait’ Tim and Dan Alpe Why not the Richard Branson ‘s of the Southern Hemisphere? Each of these understated heroes are alumni of The ICEHOUSE
These transformations come from inside the firm yet our Government isobsessed with outside the firm characteristics Outside Inside Leadership and Management Skills = Education Right People Knowledge Investment = Money Organisation Attitude International = Access Skills Judgement Tax = Public Sector Processes Connections
It is these ‘inside factors’ which translate to economic growth The Firm Leadership and EnterpriseManagement capability Improves X Innovation Business Performance Leadership andmanagement practice Investments Xx all Firms = Economic Growth
Armed with new insight on private enterprise –then create challenges that connect ‘Top ½ of the OECD’ What do these mean to the owner manager and entrepreneur? ‘Match Australia by 2025’
And the connections need to become meaningful at regional / local Community level. Regional Economic Performance Food Marine Arts TotalPrivate EnterpriseRevenue ____ ____ ____ ____Contribution ____ ____ ____Public Sector CostsHealthEducationWelfareEnergy ____Regional Surplus or deficit ____
And at School levelsBring an understanding of the role of private enterprise into theclassroom:• Regional economic performance• Activity of management• Investment risk and opportunityBy partnering with business owner managers in the community.
The Idea:Create CONNECTIONS that enable good business in Heartland NewZealand Create an UNDERSTATED HEROES FUND that enables NZ ers to invest in multiplying The Icehouse learning for owner managers of medium sized firms. Translate country economic targets into meaningful objectives for owner managers Require regional authorities to inform their community of the contribution of private sector industry segments Bring the practice of business into secondary school learning by requiring every school to have three business partners from their community.