Collaboration must occur in the Not for Profit sector throughout both Australia and New Zealand otherwise many organisations will cease to exist, according to a comprehensive report on the sector entitled ‘Doing good and doing it well?’ undertaken by Grant Thornton.
Not for Profit organisations are being warned to think carefully before becoming involved in trading organisations to generate income, with a new survey finding many are doing so with insufficient preparation or due diligence.
Directors and trustees in the Not for Profit sector must perform at the same level as their counterparts in the public and private sectors.
The tendency of Not for Profit organisations in New Zealand to rely on enthusiastic volunteers to manage their social media activities is described in a special report as risky and recommends they follow the Australian sector and invest more in this area.
New Zealand Not for Profit organisations are preparing well for pending changes to financial reporting and auditing requirements according to a new survey of the sector.
New Zealand is now one of the most attractive countries in the world for supporting and enabling dynamic business growth, having risen from 13th in 2012 to fourth in the latest Grant Thornton Global Dynamism Index (GDI) 2013.
Low investment in R&D as a percentage of GDP is holding back New Zealand’s potential for dynamic business growth, according to the latest Grant Thornton Global Dynamism Index (GDI) 2013.
New Zealand has the fourth most dynamic economy in the world, but an aging population and poor labour productivity could hold us back from reaching our full potential for business growth, according to the latest Grant Thornton Global Dynamism Index (GDI) 2013.
Australia leads but China is the big mover in terms of the development of its business growth environment according to the Grant Thornton Global Dynamism Index (GDI) 2013. New Zealand is ranked an improving fourth.
Brave business decisions made now could reap major dividends as New Zealand companies and the world economy slowly emerge from the long-term effects of the Global Financial Crisis.