27 Sep Australia-Japan Business Collaboration – What It Looks Like
AJBCC Releases Collaboration Report
The current pandemic has highlighted the spirit of “collective efforts” as teams around the world collaborate to quickly develop a solution.
Although business sectors generally do not have extensive experience in collaboration, some do – such as medicine, biotech, or the development of open source software.
The AJBCC is investigating Business Collaboration – the Australia-Japan Context, and has released Stage 1 of their analysis. The report analysed 111 examples of Business collaboration between Australia and Japan
and identified that:
- There are 8 basic types of collaboration – the single most significant category was Joint R&D but 40% of collaborations also reflected access to new markets/sales networks.
- The industry focus of the collaborations was noticeable in the sectors of manufacturing and electricity, gas, water and waste services.
- There are 7 categories of inputs to the collaborations.
For Business sector collaborations, around 50% from both the Australian and Japanese participants provided expertise including technology.
Differences between what each side brought showed that Japanese organisations were more likely to provide capital and funding and sales and distribution networks, especially in Japan or other countries. Australian companies provided products and services – this was especially so for Australian SMEs or startups or raw materials and resources where Australia has a strong comparative advantage.
Stage 2 of the project will analyse the outcome and experiences of a subset of these collaborations, with a view to encourage more companies in the bilateral space to consider using this framework.
The full Stage 1 report (in English and Japanese) is available here.