This report is an International Newspaper Report about Australia. The report shall be looking at newspaper articles that raise important events that have occurred in Australia that relate to the various chapters of International Business covered in class. …
Download file to see previous pages...
Center of discussion in this paper is an Australia that has an interesting background that almost mirrors that of the United States in the sense that Europeans men made territorial claims to the land even though there it had native occupants. The country became the commonwealth of Australia in January 1, 1901 when it got independence from the federation of UK colonies. However, the country is still heavily influenced by the British system for example its legal system, the common law system is based on the English model. Also, the chief of state is the current head of the British Monarchy who in this case is referred to as the Queen of Australia, Queen Elizabeth II. Since the Queen cannot be in Australia on a full-time basis she is represented by a Governor General. Furthermore, on its upper hoist-side quadrant, the Australian flag bears the UK flag. However, the actual running of the government is conducted by an elected parliament under the leadership of a prime minister. Australia is divided into 6 states and 2 territories that are governed by a Federal Parliament that consists of 76-seat senate and a 150-seat house of representatives. After elections, the leader of the majority party or majority coalition is sworn in as prime minister by the governor general. Australia’s current prime minister is Julia Gillard of the Australian Labour Party. Australia is a resource rich country that has a plethora of natural resources that include gold, silver, copper, bauxite, iron ore, tin, uranium, nickel, tungsten, rare earth elements, mineral sands, lead, zinc, diamonds, natural gas, petroleum and coal. In fact it is the world’s largest net exporter of coal, accounting for 29% of global coal exports (“CIA - The World Factbook,” 2011). The country also has a unique eco-system that includes fauna such as kangaroos, emus, duck-billed platypus, and the world’s largest coral reef, the Great Barrier Reef off its northeast coast. The country’s economy is largely dependent on its abundance of natural resources that continues to attract large levels of foreign direct investments. However, Australia is also has a large services sector as well as a vibrant agricultural sector. The country’s economy has been on a consistent growth path over the last 17 consecutive years before the global financial crisis. Even, the global financial crisis could not choke Australia’s economic growth for long as it rebounded after just one quarter of negative growth. The economy grew by 1.2 per cent in 2009, which was the best performance within the Organisation for Economic Co-operation and Development (OECD) countries and by 3.3 per cent in 2010. In conclusion, Australia is a great country to invest in because it has a diverse population cultural background, though largely dominated by whites, as well as a diverse religious affiliation from protestant to Catholic to Eastern Orthodox to Buddhist to Muslim and so on. The country has an excellent domestic and international telephone service and a robust Internet infrastructure that had 15.81 million users as at 2009. It also has 465 airports, the 7th largest railway network and 9th largest road network in the world and several world class ports. Source: CIA - The World Factbook. (2011, December 19).CIA Table of Contents Executive summary i Table of Contents iii Chapter One v What is International Business? v 1.1.Summary v 1.2.Relevance to Chapter 1 v 1.3.Article Critique and Additional Insight vi 1.4.Article reference vii Chapter Two viii Globalization of Markets and the Internationalization of the
...Download file to see next pagesRead More
Cite this document
(“International Newspaper Business Report about country Australia Book /Review”, n.d.)
Retrieved from https://studentshare.org/business/1394039-international-newspaper-business-report-about-country-australia
(International Newspaper Business Report about Country Australia Book /Review)
“International Newspaper Business Report about Country Australia Book /Review”, n.d. https://studentshare.org/business/1394039-international-newspaper-business-report-about-country-australia.
An organizational framework helps to understand the company and its business environment and provide quality and satisfactory services by the company to its customers. This organizational framework helps the company to evaluate each and every aspects of the company and identifies the areas which can be improved by the company.
Each of these topics is discussed under separate headings. Business models, theories and techniques: Business models are empirical and pragmatic in nature as they usually originate from success stories of business world. The study of successful application of a set of business concepts, tools and methods that promise delivery of measurable results such as a market share, revenue or profits are called business models.
Australia is one of the world’s largest countries, with an estimated area of square kilometres 7,692,024. The country 'was formerly colonized by Britain and is still under the British monarchy. It was colonised by Europeans after it was discovered by European explorers in the 15th century.
Two different types of media include tabloids and broadsheet newspapers. "A tabloid is a newspaper format particularly popular in the United Kingdom. A tabloid format newspaper is roughly 23 by 14 inches (597mm 375mm) per spread. This is the smaller of two standard newspaper sizes; the larger newspapers, associated with higher-quality journalism, are called broadsheets (although some British 'quality' papers have recently adopted the tabloid format)," states Wikipedia (2006).
This is only a small example why understanding of the cultural differences is vital for doing the international business. Those individuals who operate on the international markets sometimes are amazed how different is the behavior of people from other countries.
Since its inception, Bibby Financial service (BFS) has successfully grown in leaps and bound to become one of the United Kingdom’s largest independent invoice discounting and factoring company. For over 28 years, BFS has been offering its services to its clients spread