innovation sign

Declining confidence in Aussie business, industry innovation

There has been a marked decline in the proportion of Australian executives who believe that their workplace environment allows innovation to flourish, according to a newly published study.

The latest innovation index from the Australia-Israel Chamber of Commerce, in collaboration with Sky News Business, also reveals that Aussie executives are looking for more transparent structures in the workplace to support innovation.

“In today’s disruptive climate the social imperative to innovate is stronger than ever. Key themes from this index are the importance of R&D, collaboration and a workplace environment supportive of innovation,” says Michelle Blum, chief executive of the AICC.

“Australia can take advantage of the progress and experiences in Israel, where embracing uncertainty, collaboration, and exploring new and dynamic ways of working, have led it to consistently being recognised as a role model for innovation.”

Read the full article by Peter Dinham at iTWire.