![]() |
Johnson Pundari, manager of The Enterprise Centre. Picture by Raksy
Heron
|
Given its low per capita GDP , Papua New Guinea (PNG) should be a low cost
place to do business. Reality, though, is contradictory. The country’s
inadequate infrastructure and geographical limitations makes it even more
challenging to do business in PNG. Added to that challenge is the low business
intelligence, poor networking skills and high financial illiteracy rates that
causes high rate of failure among business owned and operated by indigenous
Papua New Guineans as opposed to their Western counterparts.
PNG however, continues to enjoy
an unprecedented economic boom as well as high international commodity prices, amidst
a mighty array of challenges. Pacific Business Review did an organizational
profile analysis of PNG Institute of Banking and Business Management (IBBM)
Enterprise Center on some forward-moving strategies they are employing to develop
a competent business culture in PNG.
The Enterprise Center was
established in 2010 by PNG LNG Project, operated by Esso Highlands Limited, in
partnership with PNG IBBM. The centre’s main purpose is to help build the
capacity of local suppliers of PNG LNG Project. The Centre is now expanding its
scope to help build capacity of local PNG companies, regardless of they are
involved in PNG LNG project or not.
The center has taken a more
practical approach in building competent SMEs in PNG Under the public-private
partnership program. In what this paper realized as a forward-moving strategy;
the center uses a proven business assessment to value PNG companies in the
areas of business structure, operational systems and process. This provides skill
gap analysis and identifies capacity building programs.
“We use eight best business practices:
Governance and organization, business management, finance management, human
resource management, asset and inventory control, safety, health and environment,
quality control and corporate image” says Mr. Johnson Pundari, the manager of
The Enterprise Centre”
The assessment is a key
diagnostic tool that provides a check of how a business is going, identifying
gaps and then customizing capacity development programs for specific companies
according to Pundari.
The center offers a unique mix of
services to PNG LNG Project by developing and improving the capacity of its
local suppliers including landowners as well as building their industry
intelligence and network to enhance their profitability.
According to The Enterprise
center Manager, Mr. Johnson Pundari, the enterprise has already assessed 270
companies.
The center has also taken its
business to another level higher by launching its new PNG Employment and
Supplier Data Base, a mechanism that will connect PNG business and job
seekers with business and employment
opportunities.
The Center also provides other
intelligence gathering materials like its high successful Business Assessment
Magazine. The magazine captures the details of each company the center assess.
It contains the contact details, brief profile, key personal, key business o
contracts and the star rating of each company indicating each company’s
capabilities.
No comments:
Post a Comment