March 30, 2021
Wakatu chief brings intergenerational view to Business Hall of Fame
The newest Māori member of the New Zealand Business Hall of Fame says thinking intergenerationally is critical for Māori business success.
Wakatu Incorporation chair Paul Morgan, who was included into the hall of fame last week, credits his entreprenurial parents Kiwa and Vera for setting the whole family on a business path.
He says businesses need to plan not just for immediate profits but for their long term survival.
Wakatu’s success in building for the long term could be seen not just from the financial progress reported at its meeting at Te Papa on the weekend but from the investment by the owners in their children and grandchildren.
"We've been able to invest in the young people and now they are governors and managers and we have people right through the organisation. To me it's the most exciting thing because we've got diversity, we've got women in senior positions, running the organisation in fact . A lot of organisations and companies in New Zealand are trying to do that and not doing that as well as they could perhaps," Mr Morgan says.
He says strong listening skills are important so managers of tribal wealth can reach into the hearts of their people.
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