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Australian small businesses have been among the more hard hit by the country’s tensions with China, but Dynamic Business would like to help. With the world superpower threatening to slap major tariffs on many industries, the Australian economy may need to field a $6 billion blow to its exports. The Department of Agriculture’s Abares commodities […]
The High Court of Australia has granted labour-hire company WorkPac Pty Ltd special leave to appeal the controversial decision in WorkPac v Rossato in an attempt more clearly define casual employment in Australia. The labour-hire company has been granted the leave in order to appeal the controversial decision of the Full Court of the Federal Court in WorkPac […]
“Software has become the spinal cord of a business.” Those are the words of Appian co-founder and CEO Matt Calkins, in his new book Hyperautomation. “Software governs most of what a business does,” Calkins explains. “It doesn’t simply control the business’ communication with its suppliers and customers, it is the means by which an organisation […]
Half Dome, a media and technology business, claimed the top spot on the Deloitte Tech Fast 50 list this year, notching up an impressive 2,390 per cent growth in revenue over three years. Much of this growth has been driven by Half Dome’s persistent focus on people. “You’re only as good as your people and […]
Research from Melbourne Business School and management consulting firm Kearney has found that 50 per cent of companies struggle with data reliability despite an increase in data volume of 20x over five years. The annual Analytics Impact Index measures the impact that data analytics has on an organisation’s growth and profit. The index surveyed 300 […]
ASIC has released guidance on repaying wrongly charged customers, proposing that the seven-year minimum time frame to start consumer remediation and $20 compensation limit be removed. Yesterday ASIC released a consultation paper noting that licensees should “apply best endeavours” to find and pay consumers, listing a raft of guidance on remediation and repayment. Announcing the […]
Australia is no longer in a recession and economic growth is predicted to continue into the December quarter. On Wednesday, the ABS revealed a 3.3 per cent growth number for the September quarter, which is the highest quarterly figure since 1976. This figure would have been higher if there was no second wave in Victoria. […]
What happens if two business partners don’t agree on the direction of a business? With no deciding vote in director’s meetings, it can be difficult to intervene – leaving one business partner vulnerable should the other go rogue. A common scenario Take the following example. Let’s say you have a very good business which has […]
Writing a business model looks different to each company. It can be a simple plan that evolves over time or even be accidental, becoming clearer after the fact. Regardless of when or how it is created, it is universally understood to be critical to your business’ success. This week we ask: where do you start […]
Global CRM leader Salesforce has acquired Slack Technologies, a workplace messaging platform, for $US27.7 billion. The transaction is anticipated to close in the second quarter of Saleforce’s fiscal year 2022, subject to approval by Slack stockholders. This is Saleforce’s largest acquisition in its 21-year history. Prior to Slack, Saleforce’s largest acquisition was data analytics specialist […]
New research has revealed an opportunity for retailers to grow their business and create long-term relationships with customers over the Christmas season. The national survey conducted by Zendesk of 1,000 respondents found that a positive customer experience with a retailer during the festive season will yield long-term customer loyalty (41 per cent) and impact customers’ […]
The Deloitte Tech Fast 50 list recognises Australia’s fastest growing tech companies. This year, the Fast 50 had an average growth of 435 per cent. The largest category of startups was online/direct to consumer, followed by software, fintech and healthtech. There was also a 15 per cent increase in female representation this year. Four female […]
2020 changed the way Australians live, work, and shop like never before. The COVID-19 restrictions encouraged many people once resistant to buying online to quickly embrace eCommerce. April alone saw over 200,000 first-time customers join the online marketplace, bringing the total number of Australian households buying something online each week to 2.5 million. If you are […]
Consumer data privacy continues to be a hotly debated topic; especially in countries like Australia where we are yet to introduce updated laws to regulate this area. And while stricter data laws have been met with much resistance from businesses in the past, a new pattern is emerging of companies now advocating for greater regulation. […]
As the need for multi-cloud adoption has increased with remote working, businesses have become more vulnerable to ransomware attacks. Ransomware attacks are malicious attacks on vulnerable IT systems that attempt to prevent organisations from accessing their data. Attackers can then ask the organisation for a ransom in order to return access to the data. In […]
“The reality is, if you make it easy for people to buy things, more people will buy things.” Those are the words of Fast CEO and founder Domm Holland, who started his one-stop-shop online checkout business after his wife’s grandmother struggled to purchase her Coles groceries. “When my son was born, my wife’s grandmother was […]
It has become common practice for people to chase the latest technology trends. As tech becomes part of our everyday life, the lifecycle of our devices becomes smaller and smaller. This is posing a huge issue to the sprawl of data. With the lifecycle of tech shortening, many are abandoning old devices at second-hand stores […]
Since COVID-19, companies such as Twitter, Atlassian, Slack and Facebook have made headlines for letting their staff work remotely “forever.” So far, this policy has seemingly been exclusive to large companies with healthy HR budgets and a penchant for disruption. But what if remote-first work was more accessible? What if small business owners were empowered […]
On Wednesday, the world marked the International Day for the Elimination of Violence Against Women. In 2020, one in three women experiences physical or sexual violence and this has only increased as COVID-19 lockdowns have been implemented around the world. We take a look at the ways that businesses can join in the fight against […]
Being able to set tangible goals is key to improving and growing your business. However there are a number of factors that make a goal successful – for instance, your team, the timeline and the scale. Balancing these factors is one of the main challenges when setting goals in a business. This week we ask: […]
