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Australian Smes in China: Innovation and Engagement in the asian Century
It's a commonly known fact that China is an economic powerhouse. China is currently the second largest economy in the world, and it is also one of the fasting growing economies in the world. It is predicted that China will be the largest economy in gross domestic product purchasing power parity (GDP PPP) by 2017. As a result of China's position in the world economy, many countries economies, such as Australia have their economic success tied to China. For instance, currently China is Australia's largest trading partner, and China has recently been a large investor into Australia. Given this, it is important to know how Australian companies can effectively do business in China.
There has been a lot said about the economic relationship between Australia and China. Recently, iron ore and coal exports have predominated the trading relationship between Australia and China, however with prediction that the mining boom is over, and that investment into the mining sector has peaked it is important that Australia has other products and services to sell to international markets. This is where the role of innovation and entrepreneurship come into the equation. It is important that Australian firms are able to develop a range of innovative products and services to sell to Asian markets such as China. A focus on this will assist Australia, and Australian firms to remain competitive into the future, and ensuring Australia's future success and prosperity.
Recently, the Australian Government through the 'Australia in the Asian Century' White Paper recommended that Australian businesses should be innovative, they should engage more with Asian countries such as China, and they should enhance their capabilities in doing business with Asian countries. As a result, the researchers Dr Jane Menzies and Professor Stuart Orr, in collaboration with their Doctor of Business Administration (DBA) student Sajeewa 'Pat' Muddumage and their partner Professor Alan Au Kai Ming from the Hong Kong Open University developed a project to investigate these issues for Australian innovative small to medium enterprises (SMEs). In particular, we will investigate the internationalisation of Australian innovative SMEs to China.
We are extremely enthusiastic about this project and its expected outcomes. We hope that you share our enthusiasm, and we look forward to interacting with you, whether as an interview, workshop or webinar participant!
Dr Jane Menzies, Professor Stuart Orr, Sajeewa 'Pat' Muddamage & Professor Alan Au
There has been a lot said about the economic relationship between Australia and China. Recently, iron ore and coal exports have predominated the trading relationship between Australia and China, however with prediction that the mining boom is over, and that investment into the mining sector has peaked it is important that Australia has other products and services to sell to international markets. This is where the role of innovation and entrepreneurship come into the equation. It is important that Australian firms are able to develop a range of innovative products and services to sell to Asian markets such as China. A focus on this will assist Australia, and Australian firms to remain competitive into the future, and ensuring Australia's future success and prosperity.
Recently, the Australian Government through the 'Australia in the Asian Century' White Paper recommended that Australian businesses should be innovative, they should engage more with Asian countries such as China, and they should enhance their capabilities in doing business with Asian countries. As a result, the researchers Dr Jane Menzies and Professor Stuart Orr, in collaboration with their Doctor of Business Administration (DBA) student Sajeewa 'Pat' Muddumage and their partner Professor Alan Au Kai Ming from the Hong Kong Open University developed a project to investigate these issues for Australian innovative small to medium enterprises (SMEs). In particular, we will investigate the internationalisation of Australian innovative SMEs to China.
We are extremely enthusiastic about this project and its expected outcomes. We hope that you share our enthusiasm, and we look forward to interacting with you, whether as an interview, workshop or webinar participant!
Dr Jane Menzies, Professor Stuart Orr, Sajeewa 'Pat' Muddamage & Professor Alan Au