Australian companies are failing to innovate and take risks at a time when their national economy needs them to boost its stagnating growth and productivity, a study has found.
The study – the first of its kind in Australia – surveyed over 500 company directors about their innovation policies. The survey’s findings are stark, revealing Australian boardrooms struggled to prioritise innovation, lacked an awareness of the need to change, and lag international counterparts when it comes to innovating.
