There are great opportunities for Māori organisations and businesses, globally - but it will require courage, confidence and ambition to capture the opportunities.
The opportunities have never been greater for Māori organisations and businesses, due to cultural alignment and key shifts happening globally - but it will require courage, confidence and ambition to capture the opportunities and to forge a new path.
This is the central theme to emerge from a report released today, titled Māui Rau: Adapting in a Changing World. The report has been co-authored by Riria Te Kanawa and Joe Hanita of KPMG, and Jamie Rihia from ASB Bank. It was compiled from a series of 13 roundtable discussions held with Māori businesspeople and leaders, across New Zealand’s major cities and regional towns.
“The message that strongly emerged was that our future success will depend on having the confidence and courage to simply ‘be Māori’, explains Riria Te Kanawa, a Director with KPMG.
“The world is shifting towards us – with principles of social responsibility, sustainability, collective purpose and culture becoming more prevalent and highly-valued in business.”
Riria Te Kanawa says it will require a “shift in mindset” for Māori to fully capitalise on these opportunities. Instead of replicating Western business models of the past, Māori must forge their own based on their own culturally-aligned models.
“The potential we have to create prosperity and well-being for our people, in the full sense, is the strongest it has ever been post-1840. We are the leap-frog generation…we have the ability to move from playing catch-up, to shaping our new world order.”
The Māui Rau report includes several case studies which showcase Māori entrepreneurs succeeding in future-state industries such as neutraceuticals and ICT, and new markets such as Asia and the United Arab Emirates.
Another key theme was the importance of preparing tamariki to become future global citizens. This will require a more relevant education approach, with exposure to STEM learning (science, technology, engineering and mathematics).
Contributors also spoke of the critical role that Māori private business can play in a post-settlement world.
“We are seeing a real emergence of innovation in the Māori SME sector; and that kind of thinking could well be useful in our collectives,” says Joe Hanita, an Associate Director with KPMG.
“We believe the Māori private enterprise sector has the most potential to create jobs and resources at whānau level, and ultimately secure the economic well-being of our people.”
Minister of Māori Development, Te Ururoa Flavell, launched Māui Rau at a gathering in Auckland today.
Co-author Jamie Rihia, ASB’s Executive Manager: Māori Financial Solutions, says the purpose of the report was to shine a light on common aspirations and challenges, and celebrate current successes, as fuel for the next steps.
“This is just the start of the conversation,” he says.
“Now is a critical time of opportunity for Maori businesses and organisations, and it’s important that we don’t waste it. Action is required now.”
About the publication: Māui Rau
Māui Rau is a thought leadership report produced by KPMG New Zealand, in conjunction with ASB Bank. It was written following a series of roundtable discussions with Maori business leaders. These were held in 13 locations around the motu; including Auckland, Hamilton, Wellington, Christchurch, Kerikeri, Nelson, Whanganui, New Plymouth, Tauranga, Rotorua, Taupo, Whakatane and Gisborne.
Māui Rau was co-authored by Riria Te Kanawa and Joe Hanita of KPMG, and Jamie Rihia from ASB Bank.
© 2020 KPMG, a New Zealand partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (KPMG International), a Swiss entity. All rights reserved.