Strategy to deal with competition

Business, Normal

The National, Friday March 7th, 2014

 BUSINESS leaders need to change their thinking about competition and must work together to increase their export opportunities, the head of the Pacific Islands Private Sector Organisation has said. 

Mereia Volavola told Radio New Zealand at a recent meeting in Fiji funded by the European Union highlighted the idea of forming business clusters.

She said business leaders from Papua New Guinea, Samoa, Tonga and Vanuatu had met and each of the four nations was hoping to target specific industries where the model could promote economic growth.

“For example, we receive quite a number of requests from overseas importers wanting to import bulk virgin coconut oil.

“But if we give it to one company, production is small. 

“So with a cluster project you can get a number of companies together to supply the quantity that is requested by the importer.”

“It was time for businesses to stop ignoring and shying away from competitors and start learning to cooperate and work with each other for the benefit of everyone.”