“…productive entrepreneurs focus first on growing the pie, unproductive entrepreneurs are focused first on dividing the pie, and destructive entrepreneurs are really only interested in stealing the pie.”

Some notes from a recent project on considerations for development of effective assessment frameworks that capture the impacts of new/emerging disruptive tech.

Dr Ruth Morgan is the first cab off the rank in a series of interviews  exploring  ideas around transformative change, how it occurs, and how it is examined from a range of different perspectives. Ruth is an environmental historian with some great perspectives on how disruption and change has occurred in Western Australia, with a particular focus on the influence of water in our history. 

Given the recent focus on regional centre development, we test the new Microsoft PowerBI capabilities by building a dashboard to explore the characteristics of employed residents in each region of Western Australia. 

The recent controversy around the BIS Shrapnel report on the impact of negative gearing tax concessions has led to some interesting discussions as to the professional standards associated with economics analytics. 

Narasimhalu (2005) proposed the Innovation Cube model as a way of conceptualising how innovation comes about.  This model proposes that there are three pairs of attributes (dimensions) that define successful innovation. 

“The Australia of the future has to be a nation that is agile, that is innovative, that is creative. We can’t be defensive; we can’t future-proof ourselves."

A recent flier developed for a conversation with public sector officials seeking to drive innovation.  

Three common elements have been observed in strong investment pitches during recent work with both ventures and investors.

I have just dropped $10M as developer of 100 units of affordable apartment housing. I am facing bankruptcy, but have avoided taking the food off the table of my tenant's kids, or being reliant on overly generous public subsidy......I'll know better next time.

 Three precursors are required for sustainable, resilient and vibrant regional growth centres. 

Fantastic to see the announcement $49.3 million Royalties for Regions funding for Stage1 of the Transform Peel project.

Aristotle is credited with first observing that in certain situations “the whole is greater than the sum of its parts.” This used and abused phrase rings true, particularly when making investment decisions,  where we often seek to leverage value to get the best possible outcome. This is reflected in a portfolio-based approach to investing where we offset risks and seek to gain scale through diverse yet targeted decisions.

Far Lane and Pracsys staff have provided ongoing pro-bono support to Pollinators (www.pollinators.org.au) as the organisation has shifted from an early stage social innovation to a long-term contributor to Geraldton’s growth and prosperity.   This has included Board and Executive-level facilitation, stakeholder consultation, research and benchmarking, scenario modelling and financial analysis, with the final plan currently being considered by the Board.