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Last week’s Ignite AGM went down a well-worn path with a third failed attempt by activist shareholder Octavium Capital Investment (OCI) to have their nominated directors (Daniel Altiok-Brown and Trevor Robertson) voted onto the board. OCI remains unconvinced that Ignite CEO, Tim Moran can, 18 months into his 3-year strategic plan, deliver net profits in…

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Barry Iddles (second left), owner of Queenscliff restaurant 360Q, with staff members Susie Burston, Ken Ferrier (front) and Kenton Savage. CREDIT: The Age   The Australian labour market does not suffer from a shortage of workers; far from it. Australia’s labour force participation rate is 66.6%, compared to our Kiwi cousin’s 71.7%. The vast difference…

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Elon Musk’s takeover of Twitter was followed by his first email to employees banning remote work unless they have a specific exception (managers will send the exception lists to Musk for his personal review and approval) and setting out the expectation that staff will be in the office for at least 40 hours per week.…

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Innovation is important. Innovation is necessary. Without innovation, a company is almost certainly doomed to compete primarily on price. However, innovation is also overrated. Innovation is overrated because many companies, in my experience, aren’t even getting the basics right. Qantas is a classic case in point. Yesterday, the announcement of the annual Choice Shonky Awards…

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Four months ago I wrote about the importance of improving Australia’s labour force participation rate given, with 480,000 vacancies. Even if Australia’s participation rate rose only one percentage point (to 67.7%) that would still represent an additional 210,000 immediately available workers. There are one million Australians who want to work but have barriers preventing them…

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Talent: How to Identify Energizers, Creatives, and Winners Around the World, by economist Tyler Cowen and tech entrepreneur Daniel Gross provides a fascinating piece of information pertaining to hiring low-skill workers. In their book Gross and Cowen explore personality and its relationship with talent, noting: “Personality and conscientiousness matter most at the bottom of the…

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