WRONZ initiates repositioning strategy
The Wool Research Organisation of New Zealand (WRONZ) is implementing a range of structural changes designed to enable the continued growth of the commercial side of its operations.
Since its incorporation 40 years ago, WRONZ had become increasingly complex in its structure and diverse in its expertise. As a result, the organisation decided to create an internal separation between the historical assets of the Incorporated Society and those of the current operational business. The changes will allow a clearer identification of the resources needed for emerging activities and will facilitate the introduction of outside capital when required. They will also enable the organisation to determine assets that have been created by past grants and other contributions, and to determine their best future use accordingly.
