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August 2021 - Bay of Plenty Business News

From mid-2016 Bay of Plenty businesses have a new voice, Bay of Plenty Business News. This new publication reflects the region’s growth and importance as part of the wider central North Island economy.

From mid-2016 Bay of Plenty businesses have a new voice, Bay of Plenty Business News. This new publication reflects the region’s growth and importance as part of the wider central North Island economy.

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<strong>August</strong> <strong>2021</strong> BAY OF PLENTY BUSINESS NEWS 15<br />

BAY VENUES LTD – SIMON CLARKE<br />

The war for talent is on<br />

Simon Clarke’s experience in a widely diverse range <strong>of</strong> governance<br />

roles makes him well qualified to comment on leadership issues.<br />

His roles in the <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> in particular provide a valuable<br />

insight into leadership issues specifically related to the region.<br />

What does it take to be an<br />

exceptional business leader?<br />

The exceptional leaders that<br />

I’ve had the benefit <strong>of</strong> working for (and<br />

learning from) largely focus on one thing….<br />

and that’s people.<br />

If you nurture, develop, empower, and<br />

trust your staff they remain highly engaged<br />

and that engagement and positive culture<br />

shines through to your customers and<br />

the communities in which your business<br />

operates.<br />

What tips do you have for other BOP<br />

business leaders?<br />

Double down on your investment in your<br />

people and your organisational culture.<br />

The war for talent is on and human capital<br />

is scarce.<br />

Highly engaged passionate people<br />

that are aligned to the purpose <strong>of</strong> your<br />

organisation will always be your main<br />

competitive advantage.<br />

BOP leaders should be leveraging the<br />

natural advantages (lifestyle, climate,<br />

quality <strong>of</strong> life) <strong>of</strong> the BOP to attract and<br />

retain talent.<br />

The other thing I’d say is that<br />

organisations should be designing their<br />

services (or products) from the customer/<br />

consumer back, as well as digitising<br />

and automating all their systems and<br />

processes. All businesses need to be<br />

digital businesses and you need a strategy<br />

for a digital business not a digital strategy.<br />

Like people, technology also needs to<br />

be considered as an “investment” not a<br />

“cost”.<br />

Investing in technology and digitisation<br />

not only creates massive productivity<br />

improvements it also leads to infinitely<br />

better customer and user/staff<br />

experiences. It also creates opportunities<br />

for further innovation and new business<br />

models.<br />

This is a road that <strong>Bay</strong> Venues has<br />

already started on and I’m excited to be<br />

able to provide their highly capable team<br />

with strategic direction in this area.<br />

What are the big opportunities you see<br />

for new business growth in the region?<br />

The <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> is an exciting area<br />

to be in and I think it presents lots <strong>of</strong><br />

opportunities for sustainable business<br />

growth across several sectors.<br />

We obviously have an advantage being<br />

in the golden triangle (Auckland-Hamilton-<br />

Tauranga) and have a world class port<br />

in the Port <strong>of</strong> Tauranga. We also have a<br />

very strong horticultural and agriculture<br />

pedigree across the region and those<br />

sectors have been going well.<br />

On top <strong>of</strong> these traditional advantages,<br />

we also have a burgeoning technology<br />

and innovation sector and the arrival <strong>of</strong><br />

the University <strong>of</strong> Waikato campus into<br />

Tauranga is adding some impetus to that.<br />

SIMON CLARKE<br />

Chair – <strong>Bay</strong> Venues Ltd<br />

Simon Clarke is a pr<strong>of</strong>essional<br />

Director and strategic advisor<br />

through his business, Matua<br />

Governance. He is currently the<br />

Chair <strong>of</strong> <strong>Bay</strong> Venues, the Chair <strong>of</strong><br />

Priority One and is a Director <strong>of</strong><br />

Dunedin based electricity lines<br />

business, Aurora Energy. His mission<br />

is to help organizations make a<br />

positive difference to the prosperity<br />

& sustainability <strong>of</strong> New Zealand’s<br />

environment, society & economy<br />

through strong governance, strategic<br />

direction, and advice.<br />

The investments through the Provincial<br />

Growth fund in the Eastern BOP and in<br />

Rotorua have also created some great<br />

opportunities in those areas.<br />

However, notwithstanding the recent<br />

growth <strong>of</strong> the <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> economy, our<br />

wage rates remain too low relative to other<br />

economies (and that is even more so for<br />

Māori).<br />

A low average wage rate together with<br />

our high house and rent costs has created<br />

a big problem in growing inequality and<br />

we need to ensure that the “tide <strong>of</strong> our<br />

prosperous economy lifts all boats”.<br />

<strong>Business</strong>es can’t stop house price<br />

increases, but they can lift wages, create<br />

sustainable high wage jobs, and pay<br />

people competitive market rates.<br />

There are also some great<br />

opportunities for businesses to partner<br />

and collaborate to help grow and<br />

develop the Māori Economy and provide<br />

great investment and employment<br />

opportunities for Māori.<br />

We are also lucky enough to have some<br />

large Community Trusts in the <strong>Bay</strong> <strong>of</strong><br />

<strong>Plenty</strong> that have significant balance sheets<br />

and are always looking for investment<br />

opportunities that make a positive impact<br />

on the communities they represent.<br />

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