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TAC

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How Effective Are Trade Association And Chambers Anyway?

Trade association and chambers (TACs) may be entrusted with funding from the government – following the Budget announcements last week – to drive “industry-wide solutions for common challenges faced by firms” or to “drive the transformation of industries” (TODAY, Mar. 29), but how effective are they in the first place? The small and medium enterprises (SMEs) TODAY spoke to highlighted common themes, and the perspectives are not flattering: the lack of resources and manpower in the TACs, the perceived inability of the seemingly antiquated TACs to cater to the needs of tech startups or SMEs, and that little appears to be done beyond the “occasional networking opportunities”. Continue reading

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