In fiscal year 2017, around 21.6 percent of Australian businesses with four employees or less stated that a lack of skilled personnel hindered their innovation processes. Small enterprises made up the largest share of businesses in the country in the same time period.
Barriers to innovation for businesses with 0 to 4 employees in Australia in financial year 2017
Australia's financial year runs from July 1 to June 30; for example, financial year 2017 starts on July 1, 2016 and ends on June 30, 2017.
The source defines businesses as being innovation-active, and innovation as new types of goods or services, operational processes, organizational or managerial processes, or marketing methods.
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Australian Banking Association. (August 30, 2019). Barriers to innovation for businesses with 0 to 4 employees in Australia in financial year 2017 [Graph]. In Statista. Retrieved November 12, 2024, from https://www.statista.com/statistics/1047769/australia-innovation-barriers-for-businesses-with-0-to-4-employees/
Australian Banking Association. "Barriers to innovation for businesses with 0 to 4 employees in Australia in financial year 2017." Chart. August 30, 2019. Statista. Accessed November 12, 2024. https://www.statista.com/statistics/1047769/australia-innovation-barriers-for-businesses-with-0-to-4-employees/
Australian Banking Association. (2019). Barriers to innovation for businesses with 0 to 4 employees in Australia in financial year 2017. Statista. Statista Inc.. Accessed: November 12, 2024. https://www.statista.com/statistics/1047769/australia-innovation-barriers-for-businesses-with-0-to-4-employees/
Australian Banking Association. "Barriers to Innovation for Businesses with 0 to 4 Employees in Australia in Financial Year 2017." Statista, Statista Inc., 30 Aug 2019, https://www.statista.com/statistics/1047769/australia-innovation-barriers-for-businesses-with-0-to-4-employees/
Australian Banking Association, Barriers to innovation for businesses with 0 to 4 employees in Australia in financial year 2017 Statista, https://www.statista.com/statistics/1047769/australia-innovation-barriers-for-businesses-with-0-to-4-employees/ (last visited November 12, 2024)
Barriers to innovation for businesses with 0 to 4 employees in Australia in financial year 2017 [Graph], Australian Banking Association, August 30, 2019. [Online]. Available: https://www.statista.com/statistics/1047769/australia-innovation-barriers-for-businesses-with-0-to-4-employees/
