0 Download7 Pages / 1,703 Words
Add in library
Click this icon and make it bookmark in your library to refer it later.
GOT IT
In this report, study has been conducted to evaluate the internal and external business functioning which would be required to implement to start up new construction business. The new construction business company name would be ABDOCAK construction private limited. It is a limited liability partnership company which is incorporated with a view to earn profit and satisfy clients demand and need. This report reflects the key understanding on the opportunities, threats and other concerns which an entrepreneur face while running construction business in Australia.
ABDOCAK construction private limited is start up business in which only 10 members are making joint efforts to accomplish set objectives and goals. Company has followed proper centralised functioning in which all the decisions and strategies will be formulated by promoters and key managerial persons. However, employees who are indulged in labour activities will be accustomed to act as per the directions and instructions given by line managers. It is further observed that if top management department will indulged in formulating the strategies and implementation work will be done by the other line managers and managers of functional department. However, company has planned to enhance its value chain activities within 5 years by decentralised functioning (Brush, Greene, & Hart, 2011).
ABDOCAK construction private limited is has vision to successfully delivering projects across Australia.
It has mission to customize its value chain activities as per the wants and needs of clients in market.
Company has environmental forces which provide various threats to organizations. However, with the increasing ramification of economic changes and increasing demand of clients, company has been coming up with different strategic planning and methods such as customizing its plots and construction as per the clients demand and needs (Cooke & Williams, 2013). In addition to this, Australian government has increased tariff and traits on the constructions works which not only increase the overall cost of constructions but also reduce the overall profit of company. Nonetheless, the major problem in construction work is related to hiring talented architect in Australia. Company has started up its new business and for the better and effective quality of servicers company has to take assistance from the experienced architect who could provide their best professional services to other employees in the organization. In addition to this, there are several rules and regulations such as workmen compensation act, provisions and laws of real estate act and other corporate laws which should be complied by the company otherwise it may result to heavy imposition of penalties on the company (Bryman, & Bell, 2015). Nonetheless, other issue which ABDOCAK construction private limited could face is related to management of finance. It is true to say that company has to manage its sources of finance with a view to reduce the overall cost of capital of company (Sakas, Vlachos & Nasiopoulos, 2014). For instance, ABDOCAK construction private limited could raise its finance from various sources such as issue of initial public offer, debts funds and private equity funds. Management department should implement capital budgeting tool to reduce the overall cost of capital of company. However, external business environment forces could be evaluated on the basis of PESTLE analysis.
Political situation in Australia is very stable. It will enable company to come up with effective investment strategies and on the basis of stable political factors. However, company could make strategic alliance with other organizations for enhancing its value chain activities in Australia in real estate construction business.
This factors provide that economic conditions and other applicable environmental laws and regulations. ABDOCAK construction private limited needs to evaluate the level of carbon emission and other hazardous substance should be in accordance with the applicable carbon emission acts (Möller & Parvinen, 2015).
It is related with the value, belief, culture and other choices of people living in Australia. People in Australia are less inclined towards associated cost of construction services and give more weightage to quality of constructions services. ABDOCAK construction private limited needs to provide best quality of constructions services to Australian people with a view to increase the overall market share (David, 2011)
This provides the applicable laws and regulations which needs to be complied by ABDOCAK construction private limited to run its business effectively. However, the penalties imposed due to non-compliance of applicable law may increase the overall construction cost of ABDOCAK construction private limited. There are several acts such as workmen compensation act, provisions and laws of real estate act and other corporate laws (Coates, 2016).
This factor will provide the purchasing power, interest parity rate and gross domestic product rate of Australia. It is evaluated that people in Australia has high purchasing power and more inclined towards availing quality of construction services. Therefore, company has to manage its business functioning in such a manner which will meet all the expectation of clients in Australia.
There are several risk which will be faced by ABDOCAK construction private while running its construction business in Australia such as arrangement of finance, complexity of business, increased overall cost burden, fault in complying with the applicable rules and regulation of real estate act. In addition to this, if company fails to hire professional employees, architect and other labour then it will destruct the planned business strategies and result to failure to provide best quality services to clients. Another risk which ABDOCAK construction private could face is related to high competition from the rivals. If company fails to deliver its promise with the given time manner then it will not only destruct the brand image of company but also increase the overall cost of construction. There are several rivals such ADCO construction and Faltosy construction who are providing best possible construction services in Australia with a view to increase the their overall market share. It is further observed that if ABDOCAK construction private customized its construction services as per the demand and needs of clients then it will surely increase the overall turnover and profit.
There are several business rivals in construction business such as ADCO construction and Faltosy construction who are following standard business practice in Australia. However, ABDOCAK construction private company needs to enter into strategic alliance with other business partners in Australia. This level of business practice will not only improve the business performance of company but also increase the overall brand image. However, company might face problem of finance arrangement for making payment of consideration for the strategic alliance. This level of strategic alliance will increase the overall productivity and quality of constructions services in Australia. Nonetheless, if company could also use other strategies such as SWOT analysis, PESTLE analysis and implement new SMART strategic functioning in its business practice to increase the effectiveness of business performance. However, people in Australia are more inclined towards constructing their own houses, apartment and building as per their choices and expectation. Therefore, ABDOCAK construction private company should make its value chain activities customized as per the client’s needs and demand in Australian market. Now in the end, it could be inferred that company should adopt following business practice such as customization of its construction services, implementation of new strategic plans and procedure, entering into strategic alliance with organizations and providing best quality of services at cheapest price to clients in Australia.
The main important functions of ABDOCAK construction private is related to strategic planning of management department, hiring of experienced employees and architect, customization of value chain activities and investment of highly sophisticated machines and plants. If company could install highly developed machines then it will surely increase the efficiency of business and reduce the hard work of labours in construction process system. In addition to this, strategic alliance with other organizations may provide pool of talented employees, machines and set process system which could enhance the quality of constructions services provided by ABDOCAK construction private company to its clients (Horkoff, et al. 2014).In addition to this, use of high technology machines and experienced staffs in architecture work may also increase the quality of work and brand image of company. It could be used by company as important market factor in the promotional plan of company.
Now in the end, it could be inferred that if company could customized business functioning as per the client’s needs and demand in Australia then it will surely increase the overall turnover and brand image of company. ABDOCAK construction private company needs to implement all of its strategic plans in systematic manner after evaluating all the internal and external factors. However, business practice such as customization of its construction services, implementation of new strategic plans and procedure, entering into strategic alliance with organizations and providing best quality of services at cheapest price to clients in Australia will surely result to company’s overall all performance.
Brush, C. G., Greene, P. G., & Hart, M. M. (2011). From initial idea to unique advantage: The entrepreneurial challenge of constructing a resource base. The academy of management executive, 15(1), 64-78.
Bryman, A., & Bell, E. (2015). Business research methods. Oxford University Press, USA.
Coates, J. F. (2016). Scenario planning. Technological forecasting and social change, 113, 99-102.
Cooke, B., & Williams, P. (2013). Construction planning, programming and control. John Wiley & Sons.
David, F.R., 2011. Strategic management: Concepts and cases. Peaeson/Prentice Hall.
Horkoff, J., Barone, D., Jiang, L., Yu, E., Amyot, D., Borgida, A., & Mylopoulos, J. (2014). Strategic business modeling: representation and reasoning. Software & Systems Modeling, 13(3), 1015-1041.
Möller, K., & Parvinen, P. (2015). An impact-oriented implementation approach in business marketing research: Introduction to the Special Issue on “Implementing Strategies and Theories of B2B Marketing and Sales Management”. Industrial Marketing Management, 45, 3-11.
Sakas, D., Vlachos, D., & Nasiopoulos, D. (2014). Modelling strategic management for the development of competitive advantage, based on technology. Journal of Systems and Information Technology, 16(3), 187-209
In this report, study has been conducted to evaluate the internal and external business functioning which would be required to implement to start up new construction business. The new construction business company name would be ABDOCAK construction private limited. It is a limited liability partnership company which is incorporated with a view to earn profit and satisfy clients demand and need. This report reflects the key understanding on the opportunities, threats and other concerns which an entrepreneur face while running construction business in Australia.
ABDOCAK construction private limited is start up business in which only 10 members are making joint efforts to accomplish set objectives and goals. Company has followed proper centralised functioning in which all the decisions and strategies will be formulated by promoters and key managerial persons. However, employees who are indulged in labour activities will be accustomed to act as per the directions and instructions given by line managers. It is further observed that if top management department will indulged in formulating the strategies and implementation work will be done by the other line managers and managers of functional department. However, company has planned to enhance its value chain activities within 5 years by decentralised functioning (Brush, Greene, & Hart, 2011).
ABDOCAK construction private limited is has vision to successfully delivering projects across Australia.
It has mission to customize its value chain activities as per the wants and needs of clients in market.
Company has environmental forces which provide various threats to organizations. However, with the increasing ramification of economic changes and increasing demand of clients, company has been coming up with different strategic planning and methods such as customizing its plots and construction as per the clients demand and needs (Cooke & Williams, 2013). In addition to this, Australian government has increased tariff and traits on the constructions works which not only increase the overall cost of constructions but also reduce the overall profit of company. Nonetheless, the major problem in construction work is related to hiring talented architect in Australia. Company has started up its new business and for the better and effective quality of servicers company has to take assistance from the experienced architect who could provide their best professional services to other employees in the organization. In addition to this, there are several rules and regulations such as workmen compensation act, provisions and laws of real estate act and other corporate laws which should be complied by the company otherwise it may result to heavy imposition of penalties on the company (Bryman, & Bell, 2015). Nonetheless, other issue which ABDOCAK construction private limited could face is related to management of finance. It is true to say that company has to manage its sources of finance with a view to reduce the overall cost of capital of company (Sakas, Vlachos & Nasiopoulos, 2014). For instance, ABDOCAK construction private limited could raise its finance from various sources such as issue of initial public offer, debts funds and private equity funds. Management department should implement capital budgeting tool to reduce the overall cost of capital of company. However, external business environment forces could be evaluated on the basis of PESTLE analysis.
Political situation in Australia is very stable. It will enable company to come up with effective investment strategies and on the basis of stable political factors. However, company could make strategic alliance with other organizations for enhancing its value chain activities in Australia in real estate construction business.
This factors provide that economic conditions and other applicable environmental laws and regulations. ABDOCAK construction private limited needs to evaluate the level of carbon emission and other hazardous substance should be in accordance with the applicable carbon emission acts (Möller & Parvinen, 2015).
It is related with the value, belief, culture and other choices of people living in Australia. People in Australia are less inclined towards associated cost of construction services and give more weightage to quality of constructions services. ABDOCAK construction private limited needs to provide best quality of constructions services to Australian people with a view to increase the overall market share (David, 2011)
This provides the applicable laws and regulations which needs to be complied by ABDOCAK construction private limited to run its business effectively. However, the penalties imposed due to non-compliance of applicable law may increase the overall construction cost of ABDOCAK construction private limited. There are several acts such as workmen compensation act, provisions and laws of real estate act and other corporate laws (Coates, 2016).
This factor will provide the purchasing power, interest parity rate and gross domestic product rate of Australia. It is evaluated that people in Australia has high purchasing power and more inclined towards availing quality of construction services. Therefore, company has to manage its business functioning in such a manner which will meet all the expectation of clients in Australia.
There are several risk which will be faced by ABDOCAK construction private while running its construction business in Australia such as arrangement of finance, complexity of business, increased overall cost burden, fault in complying with the applicable rules and regulation of real estate act. In addition to this, if company fails to hire professional employees, architect and other labour then it will destruct the planned business strategies and result to failure to provide best quality services to clients. Another risk which ABDOCAK construction private could face is related to high competition from the rivals. If company fails to deliver its promise with the given time manner then it will not only destruct the brand image of company but also increase the overall cost of construction. There are several rivals such ADCO construction and Faltosy construction who are providing best possible construction services in Australia with a view to increase the their overall market share. It is further observed that if ABDOCAK construction private customized its construction services as per the demand and needs of clients then it will surely increase the overall turnover and profit.
There are several business rivals in construction business such as ADCO construction and Faltosy construction who are following standard business practice in Australia. However, ABDOCAK construction private company needs to enter into strategic alliance with other business partners in Australia. This level of business practice will not only improve the business performance of company but also increase the overall brand image. However, company might face problem of finance arrangement for making payment of consideration for the strategic alliance. This level of strategic alliance will increase the overall productivity and quality of constructions services in Australia. Nonetheless, if company could also use other strategies such as SWOT analysis, PESTLE analysis and implement new SMART strategic functioning in its business practice to increase the effectiveness of business performance. However, people in Australia are more inclined towards constructing their own houses, apartment and building as per their choices and expectation. Therefore, ABDOCAK construction private company should make its value chain activities customized as per the client’s needs and demand in Australian market. Now in the end, it could be inferred that company should adopt following business practice such as customization of its construction services, implementation of new strategic plans and procedure, entering into strategic alliance with organizations and providing best quality of services at cheapest price to clients in Australia.
The main important functions of ABDOCAK construction private is related to strategic planning of management department, hiring of experienced employees and architect, customization of value chain activities and investment of highly sophisticated machines and plants. If company could install highly developed machines then it will surely increase the efficiency of business and reduce the hard work of labours in construction process system. In addition to this, strategic alliance with other organizations may provide pool of talented employees, machines and set process system which could enhance the quality of constructions services provided by ABDOCAK construction private company to its clients (Horkoff, et al. 2014).In addition to this, use of high technology machines and experienced staffs in architecture work may also increase the quality of work and brand image of company. It could be used by company as important market factor in the promotional plan of company.
Now in the end, it could be inferred that if company could customized business functioning as per the client’s needs and demand in Australia then it will surely increase the overall turnover and brand image of company. ABDOCAK construction private company needs to implement all of its strategic plans in systematic manner after evaluating all the internal and external factors. However, business practice such as customization of its construction services, implementation of new strategic plans and procedure, entering into strategic alliance with organizations and providing best quality of services at cheapest price to clients in Australia will surely result to company’s overall all performance.
Brush, C. G., Greene, P. G., & Hart, M. M. (2011). From initial idea to unique advantage: The entrepreneurial challenge of constructing a resource base. The academy of management executive, 15(1), 64-78.
Bryman, A., & Bell, E. (2015). Business research methods. Oxford University Press, USA.
Coates, J. F. (2016). Scenario planning. Technological forecasting and social change, 113, 99-102.
Cooke, B., & Williams, P. (2013). Construction planning, programming and control. John Wiley & Sons.
David, F.R., 2011. Strategic management: Concepts and cases. Peaeson/Prentice Hall.
Horkoff, J., Barone, D., Jiang, L., Yu, E., Amyot, D., Borgida, A., & Mylopoulos, J. (2014). Strategic business modeling: representation and reasoning. Software & Systems Modeling, 13(3), 1015-1041.
Möller, K., & Parvinen, P. (2015). An impact-oriented implementation approach in business marketing research: Introduction to the Special Issue on “Implementing Strategies and Theories of B2B Marketing and Sales Management”. Industrial Marketing Management, 45, 3-11.
Sakas, D., Vlachos, D., & Nasiopoulos, D. (2014). Modelling strategic management for the development of competitive advantage, based on technology. Journal of Systems and Information Technology, 16(3), 187-209
To export a reference to this article please select a referencing stye below:
My Assignment Help. (2019). Internal And External Business Function. Retrieved from https://myassignmenthelp.com/free-samples/internal-and-external-business-function.
"Internal And External Business Function." My Assignment Help, 2019, https://myassignmenthelp.com/free-samples/internal-and-external-business-function.
My Assignment Help (2019) Internal And External Business Function [Online]. Available from: https://myassignmenthelp.com/free-samples/internal-and-external-business-function
[Accessed 26 May 2020].
My Assignment Help. 'Internal And External Business Function' (My Assignment Help, 2019) <https://myassignmenthelp.com/free-samples/internal-and-external-business-function> accessed 26 May 2020.
My Assignment Help. Internal And External Business Function [Internet]. My Assignment Help. 2019 [cited 26 May 2020]. Available from: https://myassignmenthelp.com/free-samples/internal-and-external-business-function.
MyAssignmenthelp.com is the perfect solution to render quality solution for all sort of academic issues. We have hired professionals from different fields of study to provide assistance with different subjects. We successfully have provided different types of assignment solutions on 100+ subjects. We have hired industry experts to deliver nursing assignment, hr assignment and finance assignment help. To offer quality content with IT assignments, we have hired IT professionals to render programming language assignment help and IT assignment help for other types of IT assignments as well.
Answer: Budget for Mascara (Cosmetic) campaign for 12 weeks (3 months: Nov, Dec, and Feb) Tactic Timing Other Costs Production Costs Media Costs Total Advertising 1) Magazine 2) Radio Nov-Feb Nov, Dec, Feb $20,000 $1000 $20,000 $2,000 $40,000 $3,000 Web Advertising 1. YouTube Nov- Feb ...
Read More
Answer: Introduction Fashion industry has four stages of operation in the form of designing, manufacturing, distributing and retailing, SCM plays vital role in every stage of this industry. The market stalwarts namely H & M, Benetton and Zara have their own unique SCM strategy to enjoy the edge in the competitive world of fashion industry in different level of operation management, as highlighted in the case study named Supplying Fast Fas...
Read More
Answer: Asset Management and Design for Maintainability and Reliability Part 1 The purpose and nature of an organization and the external and internal environment within which it operates depend on the type of assets the company requires, and the capability of asset management; this is vital to delivering its objectives. These influencing factors need to be taken into account when evaluating the goals and outputs of asset management, and the...
Read More
Answer: Introduction In the fast-changing world of business, the work atmosphere is continuously changing and the organizations are implementing various innovative techniques to bring together various groups of people. Forming virtual teams is one of the techniques the firms have implemented to reduce globalization. These teams do not work face-to-face and operate in a network which supports their communication and their physical existence wi...
Read More
Answer: Introduction Westpac has been recognised as the first bank of Australia and the first overall company of the country. It has also been recognised as the second largest bank of New Zealand (Kamber, McDonald and Price 2013). They offer institutional, business and consumer banking solutions to the market. The company aims to provide quality services to the community and the same is addressed in the company’s mission and visio...
Read More
Just share Requriment and get customize Solution.
Orders
Overall Rating
Experts
Our writers make sure that all orders are submitted, prior to the deadline.
Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.
Feel free to contact our assignment writing services any time via phone, email or live chat.
Our writers can provide you professional writing assistance on any subject at any level.
Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.
752 Order Completed
100% Response Time
798 Order Completed
97% Response Time
1265 Order Completed
97% Response Time
2830 Order Completed
97% Response Time
Get all your documents checked for plagiarism or duplicacy with us.
Get different kinds of essays typed in minutes with clicks.
Calculate your semester grades and cumulative GPa with our GPA Calculator.
Balance any chemical equation in minutes just by entering the formula.
Calculate the number of words and number of pages of all your academic documents.
Our Mission Client Satisfaction
Great job and Great experts! The follow up and process was fantastic. Also, communication with the expert was easy.
Australia
The solution was done in time thank you do much for your efforts but please taking care for grammar is needed there was so many mistakes in grammar thank you
Australia
good to do assignment was what I expected and thanks for that one I will use him again
Australia
Great work in completing my assignment on time, was very helpful and great with communicating with the require details. will definitely use them again!
Australia
