Kate Purnell’s article in the West Australian on the 20th of July, Stuck in middle of vax risk highlighted the importance of Australia’s middle-market businesses as a powerhouse that drives our economy.
The article, whilst addressing WA centric issues, references Pitcher Partners’ Business Radar report – Understanding the businesses that drive Australia’s economy. Released earlier this week this research focusses on the global, national, and local issues that impact decision making and success in the sector we all work in. Highlights:
- The ability to adapt quickly to the COVID-19 related headwinds of the past 18 months saw an overall improvement in middle market business owner’s sentiment.
- The sector contributes 25% of total national revenue.
- As a sector it continues to lag in terms of succession planning and refreshing the leadership talent pool with over 58% of businesses stating they have never engaged in this thought process.
Click on the full article below and Business Radar report here.