Fiji News From Around The World

Illustration of Editorial Comment | Sustaining economic growth in the long term?

Fiji’s Path to Prosperity: Can Business Excellence Ignite Economic Growth?

Spread the love

The Fiji Business Excellence Awards serve a significant role in enhancing the country’s industries, according to Bob Mitchell, Director of Productivity and Innovation at the Fiji National University’s National Training and Productivity Centre. He emphasizes that improving productivity is essential for boosting Fiji’s GDP, which in turn raises the quality of life and fosters economic growth.

These awards not only focus on productivity but also enhance competitiveness within the industry, pushing companies toward higher standards of service and product quality. The recent awards night at Sheraton Resort in Denarau, attended by numerous companies and marking the final engagement of outgoing President Ratu Wiliame Katonivere, showcased the enthusiasm bubbling among participants.

During his speech, Katonivere expressed confidence in his successor continuing the legacy of valuing excellence as crucial for national progress. He acknowledged that striving for excellence is challenging but vital for Fiji’s growth. The awards promote a culture of continuous improvement across organizations, motivating businesses to elevate their standards.

Mitchell stated that business excellence provides a structured approach for organizations to refine every aspect of their operations, including leadership, strategic planning, customer satisfaction, and employee engagement. Award recipients often experience transformative journeys, achieving not just financial success but also improved leadership, workforce morale, and stronger customer relationships—benefitting the broader economy.

The awards highlight the need for a structured success framework that can guide firms in enhancing their operational efficiency. They foster accountability and a shared commitment to raising standards while creating an environment that values innovation and continuous improvement, which is essential in our increasingly globalized market.

The impact of the awards transcends the recognition of high-performing companies; they have the potential to motivate businesses to elevate their standards, ultimately benefiting the economy. With the prospect of increased productivity leading to job creation and better services, the awards can be seen as both a celebration of achievements and a catalyst for change.

The goal is to sustain economic growth and improve productivity for the benefit of people, businesses, and the nation. The pressing challenge remains motivating more businesses to engage with these principles, which is a promising prospect for the future.

In summary, the Fiji Business Excellence Awards are not merely an honor for top companies but a vital driver for national economic growth and development, encouraging a culture of excellence that can lead to long-term benefits for all.

This positive outlook is crucial as Fiji strives for greater productivity and its associated rewards, paving the way for a more prosperous future.


Comments

Leave a comment

Latest News

Search the website