The electrotechnology industry impacts on almost every aspect of daily life. The technology ranges from traditional light and power, hardware platforms and networking automation to virtual enterprise, the internet and fibre optics. The spread of new information processing and communication technologies means that the industry is developing rapidly.
All businesses have cycles such as the familiar ‘bell curve’ starting as sunrise businesses; with these changing environmental conditions over-time become sunset businesses.
To keep your electrical business as a sustainable sunrise business you must have several market niches in your portfolio to counter these changing environmental conditions and need to keep looking for additional market niches with emerging technologies that keep coming at a rapid rate.
According to the Australian research company IBISWorld, the electrical services industry had faced challenging market conditions for the last few years, but improved investment into housing market & ongoing maintenance activity in commercial and industrial premises is envisioned to spur growth in the industry. Read More
But with the day-to-day of running the electrical business and managing projects, a year or even many years can go by before you refer back to that training plan—if at all.
Well, a lot can happen in the business during those years: priorities may have shifted, you may have added new products, key staff may have been added or moved on.
Suddenly, you realize that as an organization, your course has changed, but your long-range plans aren’t updated to reflect the new direction you’re taking.
Business strategy means having a long-range training plan and milestones along the way that ensure you get there. Read More
The last few years marks an incredibly boring yet heated year in the Australian Electrical Industry. Electric Tech has advanced to a point where its so amazing that innovation becomes really hard. The products are Read More
As a person conducting a business or undertaking (PCBU) working on electrical equipment (electrical work) you are required to ensure you comply with electrical safety laws in Australia and New Zealand.
What is electrical work?