The success of your business depends also on external factors outside your control, but not outside your influence. The competitiveness of your value chain for instance, or critical factors in the local business environment, such as poor basic services, high input costs or poor supply of skills. How best can you influence the improvements to make it easier for your sector to survive or grow faster? Let us not leave this to chance and instead, work consciously together to strengthen the competitiveness of our own sectors.
The Cape Chamber of Commerce and Industry is spearheading a drive for businesses to take charge of shaping a better future for their sectors and value chains, by cooperating smarter with other key role players who shape it. The Chamber intends to work with all related partners to apply good practice to become more competent at increasing competitiveness, growth and employment. The key concept is unlocking opportunities, which become possible when role players choose to work together. Making markets work better to grow and serve communities better.
The main concern should be strengthening of competitive advantage and how to compete better. Key businesses who understand their sectors need to be engaged to develop a deep, shared understanding of the sector and market dynamics, and how best to improve.
A number of diagnostic tools and methodologies can help to strengthen insight and understanding of aspects such as industry structure, value chains, cluster patterns, market trends, market failures, existing networks and communication patterns that characterize the local economic system.