Professor Rod NcNaughton: NZ’s low productivity is often blamed on businesses staying small. That could be a strength in 2026

For decades, we have heard a familiar story about why New Zealand’s firms choose to stay small. Business owners prefer comfort, control and lifestyle over ambition, summed up in the old notion of the “bach, boat and BMW” being the height of aspiration.

The statistics show this pattern clearly. New Zealand’s productivity has lagged other advanced economies for years, with output per hour worked sitting below the OECD average.

Professor Rod McNaughton: Why Trump’s tariffs highlight the need for NZ to build local capacity...

Looking inward: why Trump’s tariffs highlight the need for NZ to build local capacity

When retail executives start swearing during earnings calls, something is clearly amiss. That’s what happened recently when the CEO of United States-based luxury furniture retailer Restoration Hardware saw his company’s share price plunge by more than 25% in after-market trading.

Professor Rod McNaughton: Universities need to prioritise the entrepreneurial mindset....

Beyond the ivory tower: universities need to prioritise the entrepreneurial mindset, not just new ideas

As universities consider their future in the 21st century, many are embracing the concept of “innovation” in their strategic plans.

According to Harvard Business School, innovation is “a product, service, business model or strategy that’s both novel and useful”.