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5 ways to do better business

The current dynamics surrounding AUKUS evoke memories of old-fashioned mob tactics, where pressure and financial demands dictate partnerships. Australians increasingly feel they are being coerced into funding military obligations without certainty of genuine return. Such arrangements could set a troubling precedent, placing the nation's security in the hands of foreign powers.

SMEs face ongoing reports of skill shortages and difficulties mobilising resources for key Capability Acquisition and Sustainment Group (CASG) projects. Why is there a disconnect between the talent available and the ability to engage it effectively? The answer lies in the systemic issues within the current MSP model.

With the Dept of Finance People Panel Phase 3 RFT closing today, we hope that not all of the Defence eggs are in that basket. Continuing to tolerate very large workforce contracts that are not tied to incremental gains in warfighting capability may not stand Australia in good stead in the years ahead. Nor should Defence tolerate any company demonstrated to be price fixing, colluding or eroding its supply chain by controlling supply and demand.

The current focus on MSPs and structured contracts may offer certain efficiencies but could also lead to reduced flexibility and slower response times.

In this article, we will explore how leaders can master the art of successful failure, recover from setbacks, and create a resilient culture within their teams.

Knowing who to ask for help and when can be the difference between success or failure, winning or losing. It demonstrates great leadership and a growth mindset.