Survey shows business self-reliance

Media release
14 July 2009

Survey shows business self-reliance

New Zealand businesses are showing self-reliance in the face of the economic downturn.

This is a key theme emerging from the 2009 Mood of the Boardroom survey, says Business NZ.

Mood of the Boardroom, run jointly by Business NZ and the NZ Herald, surveys around 300 company directors and chief executives from a range of New Zealand enterprises on key business issues.

Business NZ Chief Executive Phil O’Reilly says this year’s survey shows businesses determined to grow productivity and help themselves through the downturn, rather than seeking government help.

“Around 87% of larger businesses and 70% of smaller businesses said they had taken active steps over the last year to grow their productive capacity. That is an extremely positive finding,”Mr O’Reilly said.

Most of the firms surveyed had made productivity-related changes by improving systems, skills or technology.

Mr O’Reilly said the resourcefulness shown by the companies taking part in the survey augured well for improved growth as economic conditions improved.

ENDS

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