Time To Focus on Citys Future
By Dougal McGowan, OCCI, Chief Executive | Posted: Thursday August 18, 2016
Much of the conversation lately about the business sector has tended to focus on local body elections, the second generation plan for Dunedin, and the increased volatility in the world markets creating uncertainty.
Local body elections will dominate much of the
political landscape in the coming months. There will be a lot of promises made,
lively debate and a chance to ask those questions we seldom get the time to.
Of course, for many businesses and the business community, there will be an increased focus on what a candidate’s platform is for the local economy and how business is encouraged and fostered.
An important part of the lead-up to the election will be the mayoral question-and-answer time, run jointly by Allied Press and Otago Chamber of Commerce.
This is an opportunity to meet the mayoral candidates, ask your questions and focus on the key issues you feel are important for the future of our city. Details of the time and dates are now being worked though, but make sure when they are published that you lock it into your diary and get along.
Consultation on the second generation plan is under way and outlines some key issues for the city, its infrastructure and zoning, now and into the future. These are important discussions and decisions that will shape the future of industry, retail and land usage. If you haven’t been keeping up with the deliberations and you are involved in business or infrastructure, then I would encourage you to at least get an overview of the plan.
Lastly, the increased volatility seen throughout the world markets. Not so long ago, markets plunged with the news of Brexit. The dollar rose against the pound and people were looking at exiting markets.
The New Zealand dollar continues to rise against all expert predictions and the OCR is having little impact on rampant rising house prices. The tools that have commonly been used to combat the traditional fiscal environment are appearing not to work. Lending interest rates are falling, yet deposit rates are increasing and throughout the world we are seeing near record low commodity prices, due to overproduction and oversupply.
This should encourage all of us to look at our own organisations and look past the horizon at what might be coming next. There is no better time to take stock and evaluate your business’s core focus and its deliverables. It’s a great time to invest in core resources, which are your people. Don’t lose sight of this during these ever-changing times, because if we can build resilience and proactive qualities in our people, we can endeavour to future-proof business.