Innovation

Impress Media Australia works with a range of innovative Australian companies and individuals. Please read the stories below for details.

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In Innovation
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Simon JohnsonLeading US economist Simon Johnson warns that the world economy continues to face major problems because the largest banks in the US remain “too big to fail”.

”If one or more of them were in serious trouble, they would be saved by government action – because the consequences of inaction are just too scary,” he observes.

Even after the ruinous financial crisis of 2008, Johnson observes that these “too big to fail” megabanks continue to hold America and the global economy hostage. He warns that they threaten yet another financial meltdown with their risk-taking and toxic “business as usual” practices.

In a cogent, concise and confronting analysis of the economic threat posed by this concentration of financial power, Johnson argues that the best defence against the “megabank” threat is a radical breakup and reconfiguration of megabanks so they become small enough to fail.

Simon Johnson teaches at the Sloan School of Management at MIT. He is also a senior fellow at the Peterson Institute for International Economics in Washington, DC, and a member of the Congressional Budget Office's Panel of Economic Advisers. He is a regular commentator and writer on financial affairs and co-author of 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown.

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In Innovation
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The Social Enterprise WorkshopA pioneering South Australian program to boost business skills for social entrepreneurs, The Social Enterprise Workshop, aims to launch itself throughout Australia during the next two years.

In an environment of increasing social need and limited government funding, innovative thinking that leads to the creation of new social enterprises, is the future direction for the not for profit sector.

The August launch of The Social Enterprise Workshop (TSEW) will make a significant contribution to the development of the skills needed by not for profit organisations to turn their good ideas into successful social enterprises.

The TSEW is a variation of the highly successful SA Enterprise Workshop modified for the not for profit sector. The SA Enterprise Workshop, since its inception in the 1980s has created many entrepreneurs with the program being the foundation for many of South Australia’s small, medium and indeed some large enterprises.  Acknowledged as an extremely successful initiative, companies formed by graduates of the SA Enterprise Workshop have generated more than four per cent of the State’s GDP.

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In Innovation
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The South Australian town of Willunga has welcomed the NBN by running a series of workshops that aim to turn local business owners into champions of the National Broadband Network.

The NBN generated widespread coverage when it went live in Willunga in June, becoming the first town in South Australia to get connected to the super-fast, fibre-based network.

The Willunga High Speed Broadband Business Implementation Program – subtitled Connecting your Business with the World – comprises nine modules over three half-day workshop sessions. The program covers topics selected to provide Willunga business people with a step?by?step business / marketing / online development program designed to generate increased sales, profits and brand building.

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