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1301.0 - Year Book Australia, 2002  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 25/01/2002   
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Contents >> Science and Innovation >> Objectives of undertaking technological innovation

As table 25.16 shows, most businesses (around 90%) undertaking technological innovation rated 'reducing costs', 'maximising profits' and 'improving productivity' as important objectives of undertaking technological innovation. Most of the objectives listed in the table were considered important by a large majority of businesses.


25.16 OBJECTIVES OF UNDERTAKING TECHNOLOGICAL INNOVATION - 1996-97

Importance of the objective

Objective
Not applicable

%
Not important

%
Important

%

Reducing costs
4.1
3.9
92.0
Maximising profits
*4.4
*3.7
91.9
Improving productivity
6.2
4.7
89.2
Responsiveness to customers
6.0
6.3
87.7
Improving quality/speed of service
6.9
5.5
87.6
Increasing market share
7.3
8.1
84.6
Being at industry forefront
11.7
8.3
79.9
Expanding product range
10.7
10.3
79.1
Improving staff safety/working conditions
11.2
10.1
78.7
Establishing a new market
10.8
11.5
77.7
Being environmentally aware
16.0
14.4
69.6
Meeting Government standards/regulations
13.4
17.2
69.5
Seeking/expanding export opportunities
31.8
17.7
50.6

Source: Innovation in Manufacturing, Australia (8116.0).


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