NCEA Commerce - Actions

Engage more actively with your existing customers. This can help retain your customer base and prevent them from being attracted to the new competitor.

• Seek Expert Advice
• Strengthen Customer Relationships
• Engage with Industry Associations
• Cross-Train Employees

Emphasize what makes Ngāi Tahu - Pounamu unique, such as its commitment to benefiting the land and people of the iwi, the craftsmanship of its jade carvings, or the cultural significance of its products. Highlighting these differentiators can set your business apart from the new entrant.

• Differentiate Your Brand
• Seek Expert Advice
• Review Pricing Strategy
• Hire Temporary or Part-Time Workers

Evaluate your pricing strategy, consider offering promotional discounts to attract customers without compromising your brand's perceived value.

• Internal Compliance Review
• Review Pricing Strategy
• Differentiate Your Brand
• Cross-Train Employees

Train your current employees to perform multiple roles within the organization. This flexibility allows staff to cover for absent colleagues, ensuring that operations continue without significant disruption.

• Seek Expert Advice
• Internal Compliance Review
• Cross-Train Employees
• Review Pricing Strategy

Consider hiring temporary or part-time workers to fill gaps in staffing. This approach provides immediate relief without long-term commitments.

• Differentiate Your Brand
• Strengthen Customer Relationships
• Engage with Industry Associations
• Hire Temporary or Part-Time Workers

Focus on retaining your existing staff by improving working conditions, offering flexible schedules, and providing incentives such as bonuses or additional time off.

• Engage with Industry Associations
• Focus on Employee Retention
• Differentiate Your Brand
• Internal Compliance Review

Conduct a thorough review of the new regulations to understand their scope, implications, and deadlines. Identify the specific requirements that directly impact the business's operations.

• Internal Compliance Review
• Focus on Employee Retention
• Hire Temporary or Part-Time Workers
• Cross-Train Employees

Consult with legal professionals or industry experts who specialize in the relevant area of law. They can provide guidance on interpreting the new requirements, understanding potential risks, and developing effective strategies.

• Internal Compliance Review
• Hire Temporary or Part-Time Workers
• Seek Expert Advice
• Cross-Train Employees

Collaborate with industry associations to share information, best practices, and collective concerns related to the new legislation. This can help businesses stay informed and advocate for their interests.

• Focus on Employee Retention
• Engage with Industry Associations
• Cross-Train Employees
• Hire Temporary or Part-Time Workers