Businesses need to have commercial affairs departments, the Minister for Business, Innovation and Skills has said.
The Minister said the department must be able to do “business as usual” and have a focus on “delivering a successful business” to help businesses grow.
Businesses are also “getting more sophisticated” in their business model, he said, and businesses need to keep up with technology and innovation.
The Government wants to see businesses be able “to work with the best people, but also the best business leaders”.
Mr Baird said the Government had also introduced legislation to allow a commercial affairs department to be set up on a commercial basis.
He said there were “some people who are just going to get on and do their job”.
The Government is also introducing a new set of “core values” for commercial affairs that will be set out in the commercial affairs strategy.
These will include “a sense of purpose, a sense of responsibility, a commitment to a fair deal and a commitment not to discriminate”.
Mr Cameron said businesses had been “struggling to survive” for a long time.
“We have to recognise that, yes, there is a problem in the world, and that is that there is something that is out there, there’s something out there that is very dangerous,” he said.
“But the problem is that we have to do a better job of managing it.”
Mr Cameron told Radio 2’s Today programme that businesses were still struggling to adapt to the “very complex” world of digital communications.
“It’s very difficult for them to deal with a lot of the complexities of the digital world, especially in terms of technology,” he added.
“Businesses are doing better, but the world is changing and we need to be ready to adapt.” “
The business community needs to be more creative, more innovative and to deal better with it.”
“Businesses are doing better, but the world is changing and we need to be ready to adapt.”
He said the new core values would help businesses cope with “the changing landscape”.
He also said he hoped that the new approach would help business leaders and “the public better understand the commercial business model”.
‘Big business’ The Government has also created the Commercial Business Transformation Programme (CBTPP), a national scheme to “develop a business model for small businesses”.
Mr Carney said the scheme would allow businesses to be “big business”.
“We are doing our part to help small businesses succeed in the digital age,” he told Radio New Zealand.
“If you look at the economy as a whole, and we are not talking about the whole of the economy, we are talking about all of the businesses in that economy.”
The CBTPP will be rolled out in New Zealand by 2020.
The first phase will involve funding for digital infrastructure and marketing, which will be funded by the new business tax.
The second phase will be aimed at providing business services and digital infrastructure to the private sector, with a focus around “deliver[ing] a more secure, efficient and effective commercial business”.
Mr Banks said the “small business model” was now a “central part” of the Government’s economic strategy.
“Small business is the bedrock of our economy.
If you are going to be successful you need to understand what your business is doing,” he continued.
“And that is really where the CBTPP comes in.”
Mr Banks also criticised the “flimsy” financial sector, saying it had not been able to invest in the technology needed to become a “modern, modern, modern” business.
Mr Carney was asked by Today presenter Dan Gorman if the Government should “move away” from the “big” banks and start looking at “smaller, more independent” companies.
Mr Carney, who was speaking ahead of the third quarter of the year, said the CBTP would focus on providing services to the public, as well as the small business. “
These are the people who really are in the heart of the country, they are the very, very small businesses that are really at the heart and they are where we really need to make a difference.”
Mr Carney, who was speaking ahead of the third quarter of the year, said the CBTP would focus on providing services to the public, as well as the small business.
He also noted that the Government is committed to reducing the deficit, reducing inequality and tackling climate change.
“This Government is really committed to delivering on its promise to cut the deficit to zero and get New Zealand’s economy back on track,” Mr Carney told Radio NZ.
“Our economic policy is one that puts our future back on the economic track, not the other way round.”
Mr Baird and Mr Cameron are scheduled to address business and the economy at the New Zealand Business Council’s annual conference on Thursday.