How can businesses respond to the cost of living crisis?
Cost of living has been increasing in recent years, particularly in 2023. As consumers find themselves with less to spend, industries are also feeling the pressure through downturns in revenue and reduced profit margins.
How should businesses respond to these pressures, and are there opportunities for businesses to grow through these challenges? What else can business do to successfully ride this tough wave?
To address these questions and more, we’ve assembled a select panel of experts to discuss ways businesses can respond to cost of living pressures.
Our industry events bring together representatives from a wide range of industries to inspire vibrant, informative discussions, so you can grow your professional network and hear about how other businesses respond to significant challenges.
At this free event, join us and our panel for an evening of insightful discussion and a Q & A, followed by drinks and canapes.
Opening remarks
Professor Simon Wilkie, Dean, Faculty of Business and Economics, Head, Monash Business School
Prof Wilkie’s career spans a remarkable array of roles that extend beyond the higher education sphere and include appointments as Chief Economic Policy Strategist at Microsoft Corporation and Chief Economist with the US Federal Communications Commission.
In 2019, Prof Wilkie joined Monash Business School from the University of Southern California (USC), where he was Professor of Economics in the Department of Economics and Professor of Economics, Communication and Law in the USC Gould School of Law. He was previously head of USC’s Department of Economics and the USC Center for Communication Law and Policy.
Prof Wilkie has a PhD and MA in Economics from the University of Rochester, and a BComm (Hons) with first-class honours in Economics from the University of New South Wales.
His research has particularly focused on game theory, its application to business strategy, economic and regulatory policy design, and the economics of the communications industries.
Speakers
Professor John Bevacqua, Associate Dean, Teaching and Learning, Monash Business School
Prof Bevacqua is Associate Dean - Learning and Teaching at Monash Business School. He is an Australian commercial lawyer with more than a decade of experience in private legal practice prior to becoming an academic.
Prof Bevacqua commenced his full time academic career in 2006, and holds a PhD in tax law from the University of New South Wales. He is recognised as an international expert in the field of taxpayer rights and remedies and public authority accountability and continues to publish and present in the field both nationally and internationally.
Prof Bevacqua joined Monash University in 2019, having held previous academic leadership roles as a Director of Teaching, Campus Head, International Academic Partnerships Senior Advisor and Academic Director of Online Programs. John holds numerous teaching awards and also publishes and presents regularly in the field of hybrid and online teaching and learning.
The Hon. Bronwyn Pike AM, CEO, Uniting Vic.Tas
Ms Pike has extensive experience across the public, private and community services sectors.
She was the Victorian State Member of Parliament for Melbourne from 1999 to 2012. Her 13-year parliamentary career included 11 years as a Minister for Housing, Aged Care, Community Services, Health, Education and Skills.
Before entering parliament in 1999, she was the Director of Justice and Social Responsibility in the Synod of Victoria, which provided children, youth, family and aged care services as well as social justice advocacy.
Ms Pike has considerable governance experience at national and state level. She has chaired the Boards of Western Heath, the South Australian Urban Renewal Authority (Renewal SA) and UnitingCare Australia and has been a Board member of Australian Health Policy Collaboration, Leap In!, Lifeline Australia and Uniting NSW.ACT.
Ian McLean, Partner and Financial Adviser, Crestone Wealth Management
Mr McLean is a highly experienced financial advisory professional. His 25 years of commercial experience have traversed a number of disciplines including commercial law, financial analysis, mergers & acquisitions, and financial advice to High Net Worth investors as well as not-for-profit groups and boutique fund managers.
Ian has been entrusted with a number of substantial investment mandates, providing a unique set of solutions in the areas of domestic and international equities, bonds, hybrid securities and cash equivalent investments.
Host
Richard Foster, Lecturer and Industry Experience program leader, Monash Business School
Before joining Monash in 2010, Mr Foster worked across a range of industries including the legal sector, government, the media, not-for-profits, and banking and finance. Since 2012, Richard has overseen the School’s Industry Experience projects program, completing more than 120 projects across 60 organisations.
Event Details
- Date:
- 5 October 2023 at 5:30 pm – 8:00 pm
- Venue:
- The Sky room - Level 14, 30 Collins Street, Melbourne, VIC, 3000
- Categories:
- Alumni; General
Description
Cost of living has been increasing in recent years, particularly in 2023. As consumers find themselves with less to spend, industries are also feeling the pressure through downturns in revenue and reduced profit margins.
How should businesses respond to these pressures, and are there opportunities for businesses to grow through these challenges? What else can business do to successfully ride this tough wave?
To address these questions and more, we’ve assembled a select panel of experts to discuss ways businesses can respond to cost of living pressures.
Our industry events bring together representatives from a wide range of industries to inspire vibrant, informative discussions, so you can grow your professional network and hear about how other businesses respond to significant challenges.
At this free event, join us and our panel for an evening of insightful discussion and a Q & A, followed by drinks and canapes.
Opening remarks
Professor Simon Wilkie, Dean, Faculty of Business and Economics, Head, Monash Business School
Prof Wilkie’s career spans a remarkable array of roles that extend beyond the higher education sphere and include appointments as Chief Economic Policy Strategist at Microsoft Corporation and Chief Economist with the US Federal Communications Commission.
In 2019, Prof Wilkie joined Monash Business School from the University of Southern California (USC), where he was Professor of Economics in the Department of Economics and Professor of Economics, Communication and Law in the USC Gould School of Law. He was previously head of USC’s Department of Economics and the USC Center for Communication Law and Policy.
Prof Wilkie has a PhD and MA in Economics from the University of Rochester, and a BComm (Hons) with first-class honours in Economics from the University of New South Wales.
His research has particularly focused on game theory, its application to business strategy, economic and regulatory policy design, and the economics of the communications industries.
Speakers
Professor John Bevacqua, Associate Dean, Teaching and Learning, Monash Business School
Prof Bevacqua is Associate Dean - Learning and Teaching at Monash Business School. He is an Australian commercial lawyer with more than a decade of experience in private legal practice prior to becoming an academic.
Prof Bevacqua commenced his full time academic career in 2006, and holds a PhD in tax law from the University of New South Wales. He is recognised as an international expert in the field of taxpayer rights and remedies and public authority accountability and continues to publish and present in the field both nationally and internationally.
Prof Bevacqua joined Monash University in 2019, having held previous academic leadership roles as a Director of Teaching, Campus Head, International Academic Partnerships Senior Advisor and Academic Director of Online Programs. John holds numerous teaching awards and also publishes and presents regularly in the field of hybrid and online teaching and learning.
The Hon. Bronwyn Pike AM, CEO, Uniting Vic.Tas
Ms Pike has extensive experience across the public, private and community services sectors.
She was the Victorian State Member of Parliament for Melbourne from 1999 to 2012. Her 13-year parliamentary career included 11 years as a Minister for Housing, Aged Care, Community Services, Health, Education and Skills.
Before entering parliament in 1999, she was the Director of Justice and Social Responsibility in the Synod of Victoria, which provided children, youth, family and aged care services as well as social justice advocacy.
Ms Pike has considerable governance experience at national and state level. She has chaired the Boards of Western Heath, the South Australian Urban Renewal Authority (Renewal SA) and UnitingCare Australia and has been a Board member of Australian Health Policy Collaboration, Leap In!, Lifeline Australia and Uniting NSW.ACT.
Ian McLean, Partner and Financial Adviser, Crestone Wealth Management
Mr McLean is a highly experienced financial advisory professional. His 25 years of commercial experience have traversed a number of disciplines including commercial law, financial analysis, mergers & acquisitions, and financial advice to High Net Worth investors as well as not-for-profit groups and boutique fund managers.
Ian has been entrusted with a number of substantial investment mandates, providing a unique set of solutions in the areas of domestic and international equities, bonds, hybrid securities and cash equivalent investments.
Host
Richard Foster, Lecturer and Industry Experience program leader, Monash Business School
Before joining Monash in 2010, Mr Foster worked across a range of industries including the legal sector, government, the media, not-for-profits, and banking and finance. Since 2012, Richard has overseen the School’s Industry Experience projects program, completing more than 120 projects across 60 organisations.