Better business through innovation

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Statement of Purpose

Changes in work, changes in the labour market, and changes in technology, increasing regulation and compliance requirements, and increasing competition in global markets are continually re-shaping the demand for skills and knowledge in Australia. The impact of an ageing population and workforce coupled with the need to increase participation levels in the Australian workforce, means that workforce skills development is a priority for all Australian enterprises and for all Australian governments. Individuals need to enter the workforce with high levels of skills and knowledge and to have the capacity for ongoing learning and skills acquisition.

IBSA shapes skills in key areas including:

  • Generation, management and transfer of information, knowledge and data;
  • Prudential management and investment of financial resources;
  • Effective management of businesses;
  • Communication of news, ideas and opinions;
  • Preservation of Australia's heritage;
  • Creativity;
  • Education, training and assessment; and
  • Innovation in products, services and business processes.

IBSA's occupational groups include a high proportion of knowledge workers such as managers, administrators, professionals and associate professionals. Knowledge work within industries and organisations as well as innovation and creativity are increasingly being seen as the critical ingredients of economic success.

IBSA industries are important contributors to the Australian economy and require specific technical and occupational skills for their effective operation. More broadly, innovation and business skills help to create and sustain growth in all industries - IBSA provides for skills across multiple industries and locations beyond its direct workforce in areas such critical thinking, information and computer literacy, project management, communication, and the capacity for creativity and innovation.

 

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