...Company Report: Strategy Evaluation 8 February 2013 Table of Contents Executive Summary 3 Industry: Banking and Financial Services in Australia 4 Overview 4 PESTLE 5 Porter’s Five Forces of Competition 6 Firm: Westpac 7 Overview 7 McKinsey’s 7 S Framework 7 Competition Analysis 11 Blue Ocean Analysis 13 SMSF and Strategy Recommendations 13 What is a SMSF? 13 Three tiers of Non-Customers 13 Strategic Canvas – SMSF 14 3 Keys to Success: Tagline, Focus and Differentiation 14 Option 1 14 VRIO 15 Option 2 15 VRIO 15 Appendix 17 Industry Analysis Charts 17 Porters 5 Forces Analysis Detail 20 Westpac Strategic Priorities 22 Material issues 23 Executive Summary Westpac Bank is Australia’s first Bank, founded in 1817 and is currently one of the “big four” group of lending banks in Australia. Listed on the stock exchange in 1970, Westpac has a history of acquisitions, notably the recent (2008) purchase of St George, which contributes 19% of Westpac’s Cash Earnings. Westpac has a market capitalisation of $76.5 billion in an industry with an overall value of $208.6 billion, or roughly 10% of Australia’s GDP. The financial services industry in Australia is an Oligopoly, with the big four banks accounting for over 80% of the market. A mature market, players are converging, and the industry is forecast to grow at around 8% year on year to 2018. Competition in this industry is fierce, though there is also speculation that there may be significant price signaling...
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...Property Finance and Tax Assignment 1 Cromwell Property Group Table of Contents 2.0 Introduction 3 3.0 Background of company 4 3.1 Cromwell Property Securities limited 4 3.2 Cromwell Property Services Pty Ltd 4 4.0 Current Quantitative Considerations 5 5.0 Cromwell Position Prior to Global Financial Crisis 6 6.0 2007 Overview 7 7.0 2008 Overview 8 8.0 2009 10 9.0 2010 11 10.0 2011 12 10.1 Hedging 12 11.0 Cromwell’s financial position post GFC 13 End of 2010 figures 13 End of 2007 figures 13 12.0 Comparison to Mirvac Group and Stockland Corp 14 13.0 Conclusion 14 14.0 References 15 Introduction Before the 2007 global financial crisis Australia had a strong property market, the decade of 1999 to 2009 produced a 9.4% (national) average increase in median property values, at this rate, properties doubled in value in less than eight years. Once the affects of 2008 had settled in, a 3.8% decline was apparent in median values. However due to stimulus spending and a historically low interest rates there was a quick rebound. The property market was generally flat for the rest of the year. Continuing to a decline in 2011 with undervalued stocks. This was considered a buyers market, this has been taken advantaged of by a listed property company called Cromwell Property Group. The GFC had resulted in listed companies losing substantial amounts of capital, Cromwell Group was affected however not as bad as other companies...
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...Status and Health Care Services in (Australia) With comparison to the United States HSM310 Introduction to Health Services Management Course Project Date submitted: 04/17/2011 ------------------------------------------------- Table of Contents Executive Summary…………………………………………………………………………………………………. Introduction………………………………………………………………………………………………………… Population and Health Status………………………………………………………………………………………………………………… Demographic characteristics of population Life Expectancy, mortality data, causes of death Health Status Availability of Health Services Health care Providers Issues related to access of Health Care Expenditures Health services Expenditure & Financing………………………………………………………………………… Roles of the government Macro environmental influences on the health care system Political Socioeconomic Cultural Technological/Other relevant influences Summary Bibliography Executive Summary Australians have among the highest life expectancy in the world, and most have ready access to comprehensive health care of a high standard. The primarily tax-funded health system achieves reasonably cost-effective health care and good health outcomes and generally enjoys public support. Australia has a federal form of government with fiscal and functional responsibilities divided between the Australian Government and the six States and two Territories. Australia is a generally prosperous country with gross domestic product (GDP)...
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...seek to give you the most up-to-date and personalised solutions to achieve your goals and objectives. Mr. Susilo Hatono Your Team of Trusted Specialists Steffi Tedjo Relationship Manager Teo Shih Jie Economist Benjamin Chong Portfolio Manager Lim Chang Tat Equity Product Specialist Cheryl Ong Fixed Income Product Specialist Natasha Wan Alternative Product Specialist 2 1 11/4/2011 Agenda for today’s meeting INTRODUCTION INTRODUCTION + + MACROMACROECONOMIC ECONOMIC OUTLOOK OUTLOOK REVIEW OF MACROREVIEW OF INVESTMENT ECONOMIC INVESTMENT OBJECTIVES OUTLOOK OBJECTIVES - Updated investment - Updated objectives investment objectives current - Review of investments - Review of current investments - Overview of Portfolio PROPOSED PROPOSED ASSET ASSET ALLOCATION ALLOCATION Equities Equities Fixed Income Fixed Income Alternative Alternative Investments Investments - Recap of Portfolio POTENTIAL POTENTIAL CONSIDERACONSIDERATIONS TIONS + + CONCLUSION CONCLUSION 3 Macroeconomic Outlook The Current Investment Environment 4 2 11/4/2011 Global Financial Markets Will there be another global economic downturn? Emerging Markets US Economy Eurozone Debt 5 Euro-zone Crisis – An Introduction Sources of Debt Tax Evasion Debt from Olympics 2004 Pension Rights...
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...Unlisted property trusts - Mirvac Development Fund – Seascapes (i) Overview of the specific vehicle The Mirvac Group which is listed on the Australian Stock Exchange was established in 1972 as a real estate group. It has two main divisions, Investment and Development. The Development Group undertakes development and construction projects, one of which is the Mirvac development Fund – Seascapes. The Mirvac Development Fund – Seascapes is a single project fund which is a close-end unlisted project. The project was established in November 2005, to acquire, develop and sell Stages 17 - 27 of the Seascapes Estate. Seascape is located in Mandurah, Western Australia, approximately 75Km south of Perth. The project involves: * Fund was constituted on the 15th of October 2005 * Development and sale of 11 stages * Development of a 48 hectare parcel of land * Development of 528 residential lots, including grouped housing site * Directors of Mirvac Funds Management Limited is the responsible persons of the Mirvac Development Fund - Seascapes * Managed by Mirvac Western Australia. Including the development and sale stages of the project. (ii) Details & current value of the property portfolio The property consists of the development of 528 residential lots on a 48 hectare parcel of Land. The land overlooks the Indian Ocean foreshore, which is an added incentive for buyers. Both tourist and locals alike flock to the area for its famous beaches and clean...
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...the Westpac’s objectives. Then, SWOT analysis is used in the company’s strategic management, which discovers the strengths including company’s infrastructure, great reputation, staffing level and the weakness covering capital risk and low profitability. Moreover, five categories of resources, namely financial, physical, reputational, technological, human resources are discussed. Furthermore, several specific strategies would be presented to gain company’s further objectives and achieve better development. Finally, some recommendations will be suggested to the company, enhancing Westpac’s business operations and development. 1.General environment As one of the big four banks in Australia, Westpac Bank is unavoidably affected by macro environment, faced with several opportunities and threats. Specifically, in terms of political and legal factors, although lots of financial policies and regulations are made to support better Australian banking industry reforms, excessive regulatory interventions may confine Westpac development and higher financial uncertainties also influence the company’s future plans (Australia Trade Commission, 2011). From the economic perspective, although affected by the European debt crisis which may lead investors to lose confidence of finance and capital market, Westpac suffers negative impacts slightly (Taylor, 2013). Moreover, along with stable development of Australian economy,...
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...ThuongHien: 21530459 AFF5280 - Institutional Asset & Liability Management GROUP ASSIGNMENT Table of Contents EXECUTIVE SUMMARY 3 INTRODUCTION 4 1. COMPANYANALYSIS 5 1.1 Company overview 5 1.2 Product & Services 5 2. INDUSTRY ANALYSIS 8 2.1 Industry overview 8 2.2 Competitors analysis 8 2.3 Current state of the economy 8 2.4 Porter’s five forces 13 2.5 SWOT Analysis 16 3. BUSINESS AND FINANCIAL RISKS ANALYSIS 16 3.1 Liquidity Risk 16 3.2 Capital risk 19 3.3 Strategic risk 22 3.4 Credit risk 23 3.5 Foreign exchange risk 25 3.6 Market risk 27 APPENDICES 29 REFERENCES 36 EXECUTIVE SUMMARY The main purpose of this report is to investigate Bendigo Bank’s business and financial risks for the sake of suggesting the most appropriate financially justified risk management strategy. The main content of the report is divided into four major parts including (1) Company analysis, (2) Industry and peer analysis, (3) Risk management analysis and (4) recommendation. The first section will critically provide a brief overview of the company background and detailed information about its core products and services consisting of personal banking, company banking and wealth management. Following section will discuss through macro-economic factors including the current state of the economy measured by relevant economic indicators. Then, the industry overview and the performance of major rivalries will be analysed and supported by conducting...
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...The Australian Financial System in the 2000s: Dodging the Bullet Kevin Davis* Abstract The global financial crisis (GFC) occupied only a quarter of the decade of the 2000s but, because of its severity and implications for future financial sector development, dominates the decade. The Australian financial system coped relatively well with the GFC, raising the question of whether there was something special about its structure and prior evolution which explains that experience. This paper reviews Australian financial sector performance and development over the decade, then provides a more detailed overview of the Australian GFC experience and its implications, and considers explanations for the Australian financial sector resilience. 1. Introduction The Australian (and global) financial system entered the first decade of the millennium preparing for a systems crisis, in the form of the Y2K computer scare, which on 1 January 2000 passed without event. But towards the end of the decade, the financial sector was faced with, arguably, its most serious systemic crisis ever, which the Australian financial system and economy weathered relatively well compared with advanced nations in the northern hemisphere.1 While the GFC occupied only one-quarter of the past decade (from mid 2007), it prompts the questions which this review must seek to answer. Was there something about the structure and evolution of the Australian financial system which explained its resilience in the face...
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...8/27/2015 8/27/2015 Samarth Patel | 18586750 Global marketing management Samarth Patel | 18586750 Global marketing management Client Brief Arthritis & Osteoporosis WA Client Brief Arthritis & Osteoporosis WA Table of Contents Background 1 Arthritis 1 Osteoporosis 2 Client details 2 Objective 2 Working structure 3 Current projects 3 Current challenges 4 Environmental Analysis 5 Internal 5 Strengths 5 Weaknesses 5 Opportunities 6 Threats 6 External (Macro environment) 7 Political 7 Economics 7 Social/Culture 8 Technology 8 Environmental 9 Legal 9 Stakeholders and Competitors 10 Stakeholder 10 Competitors 10 Conclusion 11 References 12 Appendix 1 14 Appendix 2 15 Appendix 3 16 Background Arthritis Arthritis is regarded as common diseases amongst Australian. Arthritis is serious condition that can affect people of all age group even children. According HealthDirect (2014), there are over 100 different types of Arthritis that cause a wide range of symptoms which vary depending on different type. Table 1: Statistic related to people suffering from Arthritis Year | Statistic | 2007 | * 3.85 million Australians * 2.4 million (Age group 15-64) * 2 million females * 1.8 million males | 2050(prediction) | * 7 million Australians * 3.7 million females * 3.3 million males | Source: (Painful Realities - the Economic Impact of Arthritis in Australia 2007) Osteoporosis As Arthritis...
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...Part 1: The Australian Accounting Environment Chapter 1 An overview of the Australian external reporting environment Review questions 1.1 Refer to pages 6 to 25 of the text. The main bodies responsible for regulating accounting disclosure in Australia are: (i) Australian Securities and Investments Commission (ASIC) Briefly, ASIC is responsible for administering corporations legislation within Australia (which includes various reporting requirements). According to its own website, the role of the ASIC is to enforce and regulate company and financial services laws to protect consumers, investors and creditors. (ii) Australian Accounting Standards Board (AASB) The role of the AASB is to develop a conceptual framework. It is also responsible for ‘making’ accounting standards that have the force of law under the corporations legislation, as well as formulating accounting standards that are to be used by reporting entities that are not governed by corporations legislation, inclusive of entities operating in the not-for-profit sector and public sector entities. The AASB is also responsible for Interpretations Advisory Panels, user focus groups and project advisory panels. As was indicated in this chapter, however, a great deal of the responsibility for developing accounting standards to be released by the AASB is in the hands of the IASB, as is the development of the conceptual framework. It is to be anticipated that only minor...
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...e Finance Notes: Week 1 (Chapter 1) The Financial System Chapter Aims • Outline the functions of the Australian financial system • Identify the elements of the Australian financial system Overview of Financial Systems • A financial system facilitates financial transactions through the creation and transfer of financial assets • The key elements of the Australian financial system are □ Financial instruments □ Financial markets □ Financial institutions Functions of a Financial System • Facilitates the efficient flow of funds between lenders and borrowers via financial instruments • Allows individuals to allocate funds according to current and future consumption • Facilitates the implementation of government monetary policy Financial Instruments • Attributes of financial instruments □ Return or yield □ Risk □ Liquidity □ Time pattern of cash-flows 1. Equity □ Shares represent an ownership position □ An entitlement to share in the profits of the organisation □ Equity types – Ordinary shares – Preference shares – Quasi-equity instruments 2. Debt □ Debt instruments represent a contractual claim on the borrower to make specific payments in the form of interest and principal amounts □ Debt may be issued with a fixed or floating interest rate, or at a discount, secured or unsecured, short or long-term 3. Derivates □ Derivate instruments...
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...Australian Vintage LTD (AVG) The Australian industry The Australian wine industry is the 4th largest exporter in the world, exporting over 400 million litres a year to a large international export market that includes “old world” wine-producing countries such as France, Italy and Spain. There is also a significant domestic market for Australian wines, with Australians consuming over 400 million litres of wine per year. The wine industry is an important contributor to the Australian economy through production, employment, export and tourism. The Australian Wine export market was worth 2.8 billion Australian dollars in June 2007, and had a growth rate of 9%pa. Of this about AU$2 billion was accounted for by North America and the UK, and in this key latter market Australia is now the largest supplier of still wines. 2007 statistics for the North American market show that Australian wine accounted for a 17% share of the total value of U.S. imported wine, behind France with 31% and Italy with 28%. Australian Vintage Limited Australian Vintage Limited is a leading Australian wine company, known as McGuigan Simeon Wines until February 2008, when shareholders voted to change the name. Today Australian Vintage Limited is at the forefront of the Australian wine industry. Crushing 9% of total Australian annual production, its vineyards and grape supply capacity extend through some of Australian’s most captivating and diverse wine regions including the Hunter and Barossa Valleys...
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...Council for Australian-Arab Relations (CAAR) Australia Arab Chamber of Commerce and Industry (AACCI) Business Guides to the Arab Gulf United Arab Emirates Prepared by Bayliss Associates Pty Limited Part I: A brief overview of the United Arab Emirates 4 The formation of the United Arab Emirates 4 The Government of the United Arab Emirates 5 The United Arab Emirates Economy 5 Basic demographics 5 GDP trends 5 Oil and the UAE 6 Gas – the Dolphin project 6 Oil pipelines 6 Bunkering 6 Non-oil sector 6 Jebel Ali Port 7 Jebel Ali Free Zone (JAFZA) 7 Transhipment 7 Air travel 7 Tourism 8 The property boom 8 Part II: The Market Environment 8 Characteristics of the UAE market 8 Investment environment 9 Sovereign Wealth Funds (SWFs) 9 Foreign Trade 10 Australian bilateral relations 10 Australian business 10 Taxation 10 Legal environment 10 Tenders 11 Part III: Doing Business in the United Arab Emirates 11 Practical advice on entering the market 11 Where to get advice and help 11 Developing a strategy 12 Market research 12 Visiting the UAE 13 Visas 13 Time your visit well 13 Local holidays 13 Arriving in the UAE 13 Getting around 13 Visit programs 14 Hotels 14 Tips and tricks 14 Trade missions 15 Missions to Australia 15 Trade exhibitions 15 Health and safety 15 Personal behaviour 15 Import Procedures 15 Customs and regulatory environment 15 Documentation 16 Packaging and labelling 16 Agency representation...
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...Investment Advise| |The current investment market is a hazardous environment for all stakeholders involved as a result of | | |recovering investor confidence post-global financial crisis (GFC) and with the possible effects of the | | |European credit crisis. It is therefore essential to analyse current expert opinion, economic factors and | | |interest rate forecasts when selecting an optimal investment strategy. Vision Finance provides this | | |analyses and a specified expert opinion for BHC given their current need for investment of funds in the | | |Australian money and debt capital markets within this report. | | Table of Contents Executive Summary ................................................................................................................ 1 1. Introduction ......................................................................................................................... 3 2. Market Analysis...
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...These objectives could include spreading market risk, increasing production volumes, lowering unit costs and improving brand image or profits. About the company • Domestic business overview Outline a very brief history, and the key factors of success in the domestic market that have led to the success of the business. A healthy and successful domestic business provides a solid foundation for exporting. • Financial Resources Marketing budget Detail the total budget and how this will be spent. Don’t forget to include costs such as overseas market visits (at least 2 per year to each target market), advertising, promotional materials, listing fees, training for overseas partners etc. Cash flow to fund orders Address how the business will manage cash flow for potential large orders. This relates to the time between when your business is required to outlay costs to supply the order and when you are paid by your customer. Sustainability of export budget Is the business able to withstand additional expenditure to develop export markets in the medium term until export business generates profits? Define this period of time. Remember that export sales almost always take longer to develop than originally anticipated. • Staff Include relevant experience of current staff and management, and detail whether more resources will be required such as export specialised marketing or sales staff, additional production staff. Market Selection • Target Markets Detail...
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