Events over the past months have demonstrated that in 2008, Australian enterprises are fully integrated into the new global economic order, no matter whether they have multinational operations or are exclusively domestic in focus. Australian stock markets have been battered by investors nervous about a slowdown overseas. Volatility in global credit markets means Australian organizations have to continually justify their levels of debt. Chinalco's investment in Rio Tinto demonstrates how companies are faced with a new class of competitor and strategic investor. And finally, Australia's signing of the global Kyoto protocol and the associated introduction of mandatory emissions targets are set to fundamentally change the economics of every Australian business. In 2008 Australian business leaders are facing five immediate challenges directly related to this unprecedented level of global integration: - Targeting global growth.
- Improving productivity to protect competitiveness.
- Dealing with new competitors.
- Creating value in a carbon-constrained economy.
- Moving beyond the "war for talent" discussion to secure a skilled workforce.
Read Accenture's thought leadership on the Australian executive agenda: Agenda 2008. Globalisation, Growth, Productivity, Sustainability, Skills [PDF, 291KB]
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