Australia’s national science agency CSIRO and the Business Council of Australia (BCA) have joined forces to reveal the strategies Australian business leaders need to drive the nation’s recovery and future resilience from COVID-19.
Based on new research from CSIRO and the BCA, Unlocking the innovation potential of Australian companies covers nearly 40 key questions across six key areas to help businesses uncover the most effective habits of highly innovative companies. The report draws on interviews and case studies from executives at some of Australia’s largest and most innovative businesses, including APA Group, Atlassian, Boeing, CBA, Cochlear, Coles, Dow, Dulux Group, GE, Google, Incitec Pivot, Microsoft, NAB, Rio Tinto, Telstra, Wesfarmers and Woodside.
The report also looks at existing research on ways organisations can become ‘innovation active’. Whether a small or medium-sized enterprise or large corporate, innovation active companies are twice as likely to report increased productivity than non-innovating companies, and almost all are able to point to tangible benefits like improved customer service or increased revenue.