Asia Advisory Clarity Story

Since 2008, Adam O’Neill has been working to connect International and Asian businesses from LG Electronics, RedBull, Rolex, Unilever and Tourism Australia. Over the past 5 years, he has helped Australian tourism businesses address the rapid evolution of change in Asian markets. How can a tourism operator connect with Chinese, Korean, Japanese, Indian and South East Asian tourists? Which travel platforms to work with? Is it better to focus on one market, or list with as many partners and countries as possible? Asia Advisory’s strategy offers insight and clarity for a challenging tourism industry problem.

Adam’s story is a great example of a Clarity or Strategy Story. They are one of the must-haves for you and and your business because they answer key questions.

  1. Do you understand the changes happening around you?
  2. Do you understand how this effects your clients and customers?
  3. Do you have a coherent value add for them to resolve these challenges?

It only took Adam and I 90 minutes to get his strategy story straight. He was blown away by the power of our story frameworks.

Visitors to Japan hit the record high in 2018 but forgo shopping sprees

Tourism competition is heating up across Asia and it’s not just because of geopolitics. Japan had a record high of 31.19 million visitors in 2018 despite natural disasters and airport shutdowns. However, the level of annual growth is slowing, from 17.8% to 8.7% in 2018. Additionally, Chinese shoppers are becoming more frugal with their spending and have been overtaken by Australia as Japan’s top-spending visitors. Companies are now trying to attract foreigners through experience-based services vs buying luxury items. We are already seeing this trend emerging in Australia.

LinkedIn: Visitors to Japan hit the record high in 2018 but forgo shopping sprees

Australia-China Relations Institute

Australia-China Relations Institute, University of Technology Sydney

Emerging Leaders Forum Strong insights from Murray Hurps on the Entrepreneurship opportunities for Australia to catch up with the rest of the world. Australia’s ASX is dominated by an oligopoly of banks and consortium of Mining & Resources companies but where are the Digital Technology companies? In 2018, @University of Technology Sydney launched UTS Startups, a community focused on engaging, inspiring and connecting students to entrepreneurship opportunities and this is just the start of a huge task that Australia needs to do to promote Entrepreneurship

LinkedIn: Australia-China Relations Institute

What the world can learn from Australia

The Wonder from Down Under: Australia has a lot to be proud of, according to The Economist it may be the most successful rich economy in the world.

Beyond the nations blessing of Iron Ore and Natural Gas, it also enjoys close proximity to China. Metaphorically and physically, the country owes one-third of it’s GDP to China.

However, forward thinking policy is what has helped this country achieve its stature. 29% of Australians are born overseas and nearly half have an overseas born parent.

Following the last recession in 1991, some 27 years ago, the government also reformed the health care and pension system requiring the middle classes to pay for a third of their healthcare needs and compulsory superannuation payments from annual incomes. We hope you enjoy the Special Report on Australia in this weeks Economist.

LinkedIn: What the world can learn from Australia

S. Korea ranks 15th in global competitiveness

Korea has improved two places in the @WorldEconomicForum International Competitiveness report to 15th in the world, one place behind Australia. The country is a world leader on the Internet of Connected Things @ICT and Macro Economic Stability. However, the country is still held back by lack of development in product market due to lack of domestic competition and labour market competition due to inflexibility and the strong power held by Chaebol (Family Owned/Controlled) Companies.

LinkedIn: S. Korea ranks 15th in global competitiveness