Potential; Maori have an economic base of US $ 36.9 billion and the Maori are the indigenous peoples of the world 's third largest entrepreneur. Using their business may have significant benefits for New Zealand 's economy
Traditional; Maori 's traditional business areas are agriculture, forestry and fisheries, but diversification is now taking place in other areas such as horticulture, wine, energy, renewable energy, information technology and large-scale tourism.
Values; More and more organizations around the world are aware of the use value.
Maori are being urged to develop business models aligned with their own culture rather than simply replicate western models. Maori have a …show more content…
3.3 Whanaungatanga: family connections and family relationships. Māori have different inherent values and responsibilities which influence the way we live and ultimately conduct business. Assume some responsibility for socio-economic and cultural well-being of the beneficiaries. Underlying these is the obligation to achieve optimal and sustainable asset growth and financial returns for the beneficial owners. 3.4 Kaitiakitanga: Kaitiakitanga means guardianship and protection. It is a way of managing the environment, based on the Māori world view. 3.5 Wairuatanga: Spiritual dimension, spirituality. These are Maori common inheritance. Mythology, legend, history and knowledge should be combine it together and inherit to every …show more content…
When a group owns something together as shareholders or beneficial owners with specific and quantifiable 'interests ' in land and/or assets, this is known as multiple ownership. To determine ownership, intellectual property (IP) is usually characterised and separated first into types or groups, for example, IP that should be retained and kept secret or confidential, and IP that needs protection before being passed on. The question of ownership requires a conscious decision to be made and a set of actions to be carried out, e.g., ownership of the IP may need to be stated in acontract.
3.11 Passion; The effective and efficient flow of ideas and factual information to persons in all or part of an organisation. Māori organisations and businesses are increasingly entering into joint ventures. These take a variety of forms; for example, joint activities and initiatives with local or central Government and housing or commercial property developments with public or private