Utilising input output (IO) analysis, economic impact assessments enables the measurement of the effect of an existing business or a proposed new venture on the economy of a predefined geographical area, be it national, State or region. IO analysis assesses the impact of expenditure made by the business being examined from the purchase of goods, services and employment inside the relevant geographical region and the effect this has on other local industry sectors. IO analysis subsequently measures the flow-on or multiplier impacts from induced expenditure by other industry sectors resulting from the initial impact. The results from the analysis include the direct and flow-on impacts in terms of employment numbers, household income and industry value added – the contribution to gross domestic (or regional) product.
Expanding your business means more than just ‘seeing’ the opportunity. To build this understanding, our Growth Enablement approach works with your team to build the depth of understanding and skills required to develop a robust business strategy for your business. These include the economic, cultural and geo-political issues that need to be considered as well as how your organisation and people need to change to enable it to grow into new markets.
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