In 2005, the Australian Business Foundation and Australian Stock Exchange Limited teamed up to revisit earlier research into three critical industries - wine, mining and listed property trusts.  These industries were selected because each had transformed from being modestly successful and domestically based, to being world class, globally competitive and export based. 

The aim of this study, conducted by Robert Bladier and Colin Ramsay, was to develop a synthesis of the earlier learnings to formulate some necessary ingredients that must be present or steps that must be taken for successful industry development. Understanding these critical levers that can transform an industry enables investors and investment markets to properly assess the characteristics of the industry which will attract capital investment.