Economic Factors and Success of a Company - Essay Example

1. The context of this material is… Identify the political, economic, social, historical, etc., the background surrounding this material. This may include information on the existing knowledge on the subject and gaps in our existing knowledge.
The context of this material is the urban Australian real estate industry. While major industries would require programs that can recruit the right employees, in urban Australia, getting the individual to work is an issue.

2. The main point(s) of view presented in this material is/are… Identify the author’s view of the topic? Points of view can be theoretical, ideological, religious, methodological, etc.
The main points in this material are that Australia shows that the safety of employees within the industry is based on the use of technology to provide details regarding construction measurements and planning. A mismatch between program-based decisions and human-based manual work is reported to result in a higher number of injuries and deaths within the industry. Focus on the incidences in Makkah City’s construction industry shows that the nation’s policy and preparedness for disasters do not support the companies involved with construction (Australian Industry Group, 34).

3. The key concept(s) in this material is/are…. Identify the most important ideas, theories, definitions, etc., used to support the author’s reasoning.
The key concepts in this material are construction workers’ health and safety at their places of work and are grounded on Herzberg’s two-factor theory on motivation and hygiene. Based on the information regarding other nations’ safety standards and the stabilities of various industries, Australia builds on policies that aim at reducing the worker fatalities by at least 20 percent and the rate of claims made within a week or several weeks by 30 percent (Australian Industry Group, 33).

4. The most important information in this material is… Identify the key information the author used to support his arguments/analysis. Identify the facts, data, evidence, experiences, etc., the author uses to reach their findings.
The most important information in this material is that the Australian ergonomic landscape indicates that the government puts efforts to launch policy developments to control the construction industry. Due to increased construction workers’ deaths, the Australian government adopted the National OHS Strategy to cover from 2002 through 2012.

5. The main inferences and/or interpretations of this material are... Identify the most important findings and conclusions the author presents in the material.
The main inferences and/or interpretations of this material are that the application of improved worker conditions attuned to fostering safety, improved hazard controls will result in the reduction of exposure to safety issues and risks and largely correspond with the goal of reducing incidences of work-related injuries or deaths.

6. Identify the implications and consequences of the author’s findings and conclusions.
The implication of the article at hand is that it provides the reader with the information and data relating to the issues facing the construction industry in general and offers groundbreaking information regarding Australia’s efforts of combating expected issues regarding the industry. The consequence is that the author’s message intends to align current and adherent construction agents to assimilate extra and training-dependent care with their areas of work.

Summary
While economic factors are baseline variables of testing the success of a company, ergonomics of the construction industry increase the employee turnover rate of the companies existing in the construction industry. While companies from differing industries are affected differently by a variety of factors regarding the place of work, the study of ergonomics indicates the productivity of an employee as a dependent factor relating to the nature of employment and tasks required of the employee as well as their training on safety management at the workplace. Read More