Bernard Salt: The top business trends impacting Australia
Published 14-JUN-2016 16:36 P.M.
3 minute read
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Futurist Bernard Salt reveals to The Capital Network’s Lelde Smits the top three surprising business trends impacting Australian companies and individuals.
Watch the video or read the interview below...
Lelde Smits: Hello I’m Lelde Smits from The Capital Network. Joining me here on the streets of Melbourne is social commentator and futurist, Bernard Salt. Bernard, wonderful to speak with you.
Bernard Salt: My pleasure.
Lelde Smits: Now Bernard, you are very well known for predicting trends and social commentary. Can you tell us what do you see as the top three business trends that may be surprising to Australians?
Bernard Salt: The top three business trends may be surprising to some Australians, they might be quite predictable in many respects. The first one is the rise of knowledge work and knowledge workers. I think in order to prosper in the 21st century in Australia, and pretty much in any developed world, you need a university degree or technical training.
Lelde Smits: So it’s getting more competitive?
Bernard Salt: More competitive. Skilled work in the future is the work of the future.
Lelde Smits: That was one trend –
Bernard Salt: Then of course the rise of China. Again, fairly standard. But you cannot ignore the fact that China is the greatest wealth generating region of our time. It’s coming off a low base of course and creating extraordinary opportunities. Not just for Australia but for a number of nations. In food, energy, resources, commodities, to me that is a major factor for Australia going forward.
Lelde Smits: OK and one more –
Bernard Salt: And one more of course is the rise of lifestyle. Again I think it’s particularly unique to Australia. Australian’s have always had an obsession, from the three bedroom brick veneer on a quarter of an acre block in the 1950s to the four bedroom, two bathroom McMansion that we have on the edge of town.
We are a people that have benefited from easy prosperity and we’ve turned it into lifestyle. Even the cafés, the bars, the restaurants...
Lelde Smits: Which Melbourne certainly knows a lot about here –
Bernard Salt: If you’re doing business in Australia, always look for a thread back to lifestyle. Does it enhance their lifestyle? If it does, Australians will grab it with both hands.
Lelde Smits: When we look at this from a business perspective, where are the biggest opportunities for companies wanting to take advantage of these trends in the future?
Bernard Salt: I think the biggest opportunity would have to be about re-thinking business models. This is the idea of digital disruption if you like. If you actually link in lifestyle with knowledge work with China and digital disruption then you would actually have the four or five things that are absolutely driving business at the moment.
So, is there a way you can think laterally? How can you harness left-field thinking in you organization in order to come up with a completely new business model. I think this is the most exciting of doing business today. That the old ways of doing things are just not cutting it anymore. What the next generation wants, both as workers and consumers, is a new business model. Come up with new ideas.
Lelde Smits: Well that is certainly a wonderful way to finish the interview, new ideas. Thank you so much for sharing yours today.
Bernard Salt: My pleasure.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.