Australian Bureau of Statistics
8158.0 - Innovation in Australian Business, 2010-11 Quality Declaration
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 23/08/2012
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BENEFITS OF INNOVATION
Businesses with 200 or more persons employed and those with 0-4 persons employed were the most likely to report increased revenue as a benefit of their introduced innovation (both 43%). Innovating businesses with 20-199 persons employed were the most likely to report improved customer service as a benefit of their new innovation (48%). Businesses with 0-4 persons employed were the most likely to report that the innovation had been of no benefit to the business (11%).
By industry, Arts and recreation services recorded the highest proportion of businesses reporting increased revenue (54%) as a benefit of introduced innovation. Businesses in Financial and insurance services were the least likely to report this benefit (28%). Reduction in costs was most likely to be reported by businesses in Agriculture, forestry and fishing (36%), Electricity, gas, water and waste services (35%) and Mining (33%). Businesses in Health care and social assistance were the least likely to report this benefit (11%). Having gained a competitive edge was most likely to be reported by businesses in Information media and telecommunications (38%), with businesses in Agriculture, forestry and fishing least likely to report this benefit (15%). Health care and social assistance recorded the highest proportion of businesses that reported improved customer service (65%). Agriculture, forestry and fishing businesses were the least likely to report this benefit (20%).
This page last updated 22 August 2012
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