Blue oceans are the alternative. Largely uncharted, these seas represent an untapped market space and completely new territory where competition is irrelevant because the rules are waiting to be set by companies introducing new and innovative products and services. Just as significantly, blue ocean strategies are easier to imagine than imitate. Because they attract customers in large volumes, they can generate the scale quickly that puts aspiring imitators at a cost disadvantage. Blue oceans are the future of Australia’s advanced manufacturing sector. ANCA and the Bishop Technology Group are Blue Ocean proponents.
The AMCRC also works with the Victorian Centre for Advanced Materials and Manufacturing which acts as a “portal” for sophisticated manufacturers, providing them with access to materials and advanced technologies, and with the peak body Advanced Manufacturing Australia.
In addition, the AMCRC plans to provide a highly skilled workforce for the industry through special education and training programs. The aim is to send up to 100 PhD employment ready candidates into the industry.
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The AMCRC agenda is nothing short of ambitious, a bold plan focused on nation building by developing emerging industries wanting to take on the world.
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About the Author
Leon Gettler is a senior business journalist, writing for The Age, BRW, CFO and AFR Boss magazine. He is also the finance writer for the green lifestyle focused G Magazine. He writes on mining for Australian Resources and Investment, human resources issues for HR Monthly and is the management writer for CRN which focuses on computer resellers and the IT market. Leon also does the weekly Talking Shop podcast for Sensis.
Leon manages three blogs. One, www.soxfirst.com, is focused mostly on the American business market and has a strong following in the US. His second blog, Management Line is for The Age and Sydney Morning Herald and his third blog is Business of Green is published by G Magazine.