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Business model Benchmarking

European business models: a benchmark for New Zealand innovation

sergio formas european business modelsInnovation is one of the main drivers of economic growth, but the OECD ranks New Zealand as a poor performer in this regard.

Based on factors like R&D and the level of collaboration between universities and businesses, our country is badly placed (23rd out of 30 countries). One of the principal reasons is local institutions simply do not work together to extract the potential and creativity of researchers and entrepreneurs. The few resources available to New Zealand businesses for innovation capital are aimed mainly at manufacturing products for the domestic market. This is exactly the opposite of what European businesses do, where efforts are concentrated towards producing innovation, and R&D focused on international markets.

The experiences of countries like Belgium, Netherland, Germany, Denmark and Sweden have a common denominator, namely, collaboration. In these countries, all parties are committed to transfer knowledge and innovation between them, generating strong synergistic networks. European business models support the transfer of knowledge within industries and regions, generating business opportunities. This leads to new centres of social activity, innovation and economic growth.

New Zealand is ranked at the bottom of the OECD in R&D tax concessions. Moreover, the country is positioned 21st out of 30 OECD nations regarding the registration of new patents. This lack of innovation can be explained by the low level of local and international capital investment, and because our economy is still primary industry-based, which requires a lower level of R&D.

Morgan Kaufmann Business Process Change: A Manager's Guide to Improving, Redesigning, and Automating Processes (The Morgan Kaufmann Series in Data Management Systems)
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I agree

by jcasetnl

I don't have a strong background in accounting but this mark to model crap, IMO, simply encourages banks to dabble in assets whose values are too prone to market swings.
Stick to the assets and practices that inspire confidence in your investors and depositors and you will have a strong bank.
When joe sixpack can no longer comprehend how your bank basically does business, he will panic and pull his money. People can argue all day but in the end this is the simple truth of business and life.

Generally, yes

by average-guy

I have money at Fidelity myself.
However, a few caveats.
Don't keep all your eggs in one basket. I have money in a savings and checking account at Chase, an IRA and brokerage account at Vanguard, an IRA and brokerage account at Fidelity, and a 401K at work. In this day and age when financial institutions engage in risky behavior and are not quite the model of the sound accounting practices they're supposed to be, it helps to spread your money around a bit.
If you know nothing about investing, you might want to get Investing for Dummies. Despite its title, it's a great book with some solid tips

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