...What is Market structure and its sorts with case in Australia? Business sector is a spot where purchasers and dealers set the expense of administrations and merchandise. The idea of business sector structure is in this manner alludes to the opposition for products and administrations in the business sector furthermore qualities of the business sector that impact the conduct and aftereffects of the organizations working in that business sector (www.businessdictionary.com). The standard angles that center business sector structures are: amount of purchasers and suppliers in the business sectors, their relative course of action quality, with respect to capacity to set costs, the level of detachment and uniqueness of items, the states of entering and leaving the business sector and economies of scale. The connection and contrasts between these perspectives take into account the presence of a few business sector structures one is immaculate rivalry and flawed rivalry. Impeccable rivalry business sector is characterize as a business sector in which number of purchasers and suppliers are little and free and trade indistinguishable items with no sort of boundations. Flawed rivalry: in this all conditions are not quite the same as immaculate rivalry. It incorporates market structures, for example, • Monopoly • Duopoly • Oligopoly • Monopolistic rivalry (www.youarticlelibrary.com) Monopoly It is a business sector structure when there is one and only vender of...
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...Market structures like Monopoly, Duopoly, and Oligopoly and Monopolistic competition in any industry in Australia. Market structure reflects all the most important aspects of the market - the number of firms in the industry, the type of product produced, the possibility to enter and exit of firms, number of customers, the ability of a single firm to influence the market price. The lower the firm's ability to influence the market, the more competitive the industry is considered. In the limiting case where the degree of influence of one firm is zero, talk about a perfectly competitive market. Companies and business through time they live attached to the four market structures. This essay will give some examples of the four market structures in Australia like Monopoly, duopoly, oligopoly and monopolistic competition. Companies and businesses can move from one market structure to another structure of the market during the period of operation. These changes between the structures may be the result of product changes, the introduction of competition and the interests of the client. This essay will give clear examples on each market structure: 1. Monopoly occurs when a company produces products for which there is no substitute. Due to the fact that the company has no competitors, it has full control over the delivery of these products and, as a single vendor can create barriers for potential competitors. In the real world monopolies that exist to date - this is some of the...
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...features of the banking systems in Australia and Canada. Then I will compare their banking systems in structure and regulation with United States. Finally, the different ways mortgage lending is conducted in these three countries will be emphasized. Common features The common features of the banking systems of Australia and Canada are embodied in the high concentrated banking system along with intensive supervision and sound regulation. It is the common features that contribute to the resilient performance in these two countries’ banks through the global financial crisis. Generally speaking, the whole banking sector in either Canada or Australia is monopolized by a few large-scaled national banks. In Australia, there are mainly four banks, Commonwealth Bank, Westpac Banking Corporation, Australia and New Zealand Banking Group and National Australia Bank, which dominate Australian banking market. They are individually and collectively huge compared with the size of banking system and their total assets are vast compared with GDP. These four banks occupy 75% of the total banking assets and 80% of the residential mortgage market (Jang & Sheridan 2012, p3). Also, due to there are no mergers and acquisitions between top four banks, the major financial institutions tend to have good profitability and rarely pursuit to develop “high-risk high-yield” financial products. As for Canada, there are big five banks that oligopoly banking markets: Royal Bank...
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...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 amongst the “big four” in particular. Westpac’s strengths, shown in a McKinsey...
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...We focus on the major characteristics of each group: – Size, structure and composition of industry group, – Balance sheets and recent trends, – Regulation. • In Australia, the Australian Prudential Regulation Authority (APRA) authorises financial institutions to carry out financial intermediation. Copyright 2007 McGraw-Hill Australia Pty Ltd PPTs t/a Financial Institutions Management 2e, by Lange, Saunders, Anderson ,Thomson and Cornett Slides prepared by Maike Sundmacher 1-2 Products Sold by the Financial Services Industry • Comparing the products of DIs in 1950 and 2006: – Much greater distinction between types of DIs in terms of products in 1950 than in 2006. – Blurring of product lines and services over time. – Wider array of services offered by all DI types. – Refer to Tables 1.1A and 1.1B in the text. Copyright 2007 McGraw-Hill Australia Pty Ltd PPTs t/a Financial Institutions Management 2e, by Lange, Saunders, Anderson ,Thomson and Cornett Slides prepared by Maike Sundmacher 1-3 Banks • Banks are the largest depository institutions in terms of size. • Major difference between banks and credit unions/savings institutions: banks have more varied assets and liabilities. • Differences in operating characteristics and profitability across size classes – for instance, with regards to the size of the commercial loan portfolio. Copyright 2007 McGraw-Hill Australia Pty Ltd PPTs t/a Financial Institutions Management 2e, by Lange...
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...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 Porter’s five forces and Swot analysis. The critical section will deliver business and financial risks analysis via different categories of risks. The analysis will be complemented by the comparison between Bendigo &Adelaide Bank Ltd and other major competitors comprising of National Australia Banks Limited (NAB),...
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...AUSTRALIAN GOVERNMENT – PRODUCTIVITY COMMISSION Economic Structure and Performance of the Australian Retail Industry Bicycle Industries Australia Ltd Suite 324, 1 Queens Road Melbourne VIC 3004 Bicycle Industries Australia Ltd (BIA) represents bicycle manufacturers, importers and wholesalers within Australia. The BIA was formed with the expressed aims; • • To foster the interests of the Australian Bicycle Industry To promote sound and ethical trading and commercial practices The Australian bicycle industry comprises approximately 500 importers, manufacturers and wholesalers, along with approximately 1000 specialised retail stores. The BIA is a member of the Fair Imports Alliance (FIA). As a member of the FIA we support all points of discussion which has been raised through the joint submission. Further to the points which have been raised within the FIA discussion paper, the BIA would like to raise issues more specific to the operations of the industry. Page 2 of 16 Bicycle Industries Australia Ltd. – Response to the Productivity Commission Inquiry into Economic Structure and Performance of the Australian Retail Industry IMPACT ON THE AUSTRALIAN BICYCLE INDUSTRY The Australian bicycle industry has been hit extremely hard by international online trading. The industry in 2007 directly employed over 6000 people through specialised bicycle distributors and retailers, and many more through large chain stores and associated businesses including transport ...
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...Commonwealth Bank of Australia Table of Contents Executive summary ……………………………………………………………………………….2 1. Part A……………………………………………………………………………………...3 a. Introduction………………………………………………………………………..3 b. Mission…………………………………………………………………………….3 c. Current value strategies……………………………………………………………3 i. Creating Value for Its People……………………………………………...4 ii. Legal Responsibilities……………………………………………………..4 d. Market definition of the firm……………………………………………………...4 2. Part B……………………………………………………………………………………...5 a. Situational Analysis……………………………………………………………….5 b. Internal Analysis…………………………………………………………………..5 i. Resources………………………………………………………………….5 ii. Capabilities………………………………………………………………..7 iii. Core Competencies………………………………………………………..8 iv. Competitive Advantage…………………………………………………...9 c. Strengths and Weaknesses……………………………………………………….10 d. Internal Opportunities……………………………………………………………11 3. Part C…………………………………………………………………………………….11 a. Situational Analysis with regard to Information and Communication Technology………………………………………………………………………11 4. Conclusion……………………………………………………………………………….12 References………………………………………………………………………………………..14 Executive Summary This is a marketing strategic report, which is divided into three parts. Part A describes about the mission, current value strategies and the market definition of the Commonwealth...
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...Economics, Faculty of Design, Architecture and Building, University of Technology, Sydney, Australia Introduction The traditional structure-conductperformance approach to industry economics originated in the US in the 1930s with the work of Mason (1939) and Bain (1959). This is now the standard framework for analysing the dynamics of an industry. However, the size and scope of the Australian construction industry at the turn of the millennium may be better understood using an alternative model that highlights the diversity of the industry and the range of actors involved. Industry analysis has traditionally focused on groups of firms with similar characteristics in their production processes, goods or services produced, and markets served in the wider economy. The distinction has been between firms and industries, and the analysis has emphasised the importance of economies of scale and scope (Sutton 1991) or organisational structure (Williamson 1979). One major difficulty in the standard structure-conduct-performance approach has been the definition of industries within the theoretical criteria of product homogeneity. Further, some analysts see the construction industry as a manufacturing system, similar to the automotive industry. This view underpins the recommendations in the Egan Report (1998) in the UK, which emphasises lean thinking in construction. This analogy argues the industry in Australia has a few very large key players whose task it is to 'assemble' constructed items, complete...
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...banking sector that’s why brokers dealers and security market remain much at smaller .The banking system of branch was oliogiopolisty that imply the system which has limited supply of banking services and cost as compared to their competitors . In our previous work (Bordo et al., 1994) we analyzed that the Canadian banking is not categorized in higher cost as compared to US. The banking of Canada same returns on equity and largely used MMMFSs After 1987 they became a vital part of Canada banking, at that time government had given them permission to create MMMFs and half of total MMMFs are kept at bank which means that they are within the banking system. According to (Byung kyong & Niamh Sheridan,2012) Canada’s three large bank weighted average is two an half time smaller than Australia’s four major banks however non performing rate of housing loans in Australia and Canada are almost same in recent years. The mortgages in Canada are provided by Canada mortgage and Housing Corporation own by Government are assigned at weight of zero risk, therefore the lowest risk of residential mortgages of four large Canadian banking is almost 70% in comparison with 40% of major Australian banks. In Australia uses conservative approach in banking which help them in the stability of financial sector.180% of GDP in Australia is combined asset of four major banks, Australia has to paid the attention towards the large size of the four bank related to GDP because there volunarbilities will...
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...“Establishing a business in Australia” Introduction The demand for bakery products is growing in Australia as people are getting more knowledgeable about health benefits of eating protein enriched bread varieties. Since there is a bakery skill shortage in Australia(Apprenticepower 2012) and our client is specialized in making bread, cakes, tarts, biscuits and cookies he intends on starting the bakery business is Australia. The purpose of this paper is to help the prospective businessman to understand the challenges and opportunities of entering the bakery industry so that appropriate business decisions could be made. This report focuses on providing a guide to the potential bakery businessman in terms of starting a bakery in Australia. Important matters covered in this report are choosing the appropriate business structure for establishing a bakery, vital bakery business registrations and few important specifics of entering into the bakery business. Matters for consideration Business Structures Starting or buying a bakery involves many indispensable steps. The foremost priority when starting a bakery business is choosing the business structure keeping in mind the needs and the budget of the business. There are four main types of business structures used by small-medium sized business in Australia (ATO & ATC 2012). • Sole-traders • Partnerships • Trusts • Companies The appropriate types of business structures for the bakery business would be sole proprietorship...
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... and Business Market Introduction to Marketing Marketing Research 1 MARKETING FUNDAMENTALS: LECTURE 2: RAZZAQUE Lecture objectives 1. 2. 3. 4. 5. Explain company‐wide strategic planning and its four steps Discuss how to design business portfolios and develop growth strategies Explain marketing’s role in strategic planning and how marketing works with its partners to create and deliver customer value Describe the elements of a customer‐driven marketing strategy and mix, and the forces that influence it List the marketing management functions, including the elements of a marketing plan, and discuss the importance of measuring and managing return on marketing investment L 2L2A-3 3 Strategic planning: A task and a process The task of selecting an overall company strategy for long‐ run survival and growth. The process of developing and maintaining a strategic fit between the organisation’s goals and capabilities and its changing marketing opportunities. Sets the stage for the rest of the planning in the firm such as annual plans and long‐range plans which deal with the company’s current businesses and how to keep them going. Strategies follow a hierarchy Corporate level Strategic Business Unit (SBU) Level Functional Level of SBU ( eg Marketing Strategy) RAZZAQUE:UNSW L L2A-4 24 2 MARKETING FUNDAMENTALS: LECTURE 2: RAZZAQUE The steps in the strategic planning process SBU, product and market level C O R PO...
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...ALDI IN AUSTRALIA: WHAT WILL BE THE IMPACT? May 2000 Aldi in Australia Aldi will become a small but significant player in the Australian market OVERVIEW I. Aldi is the world’s lowest cost grocery retailer II. The United Kingdom provides an excellent model for the development of Aldi in Australia III. The arrival of Aldi in Australia will have a focused impact, felt mostly on key line pricing and by Franklins Aldi 2 Aldi in Australia I. Aldi is the world’s lowest cost grocery retailer – Ia. Aldi acts as a category killer in core grocery lines – Ib. Aldi has a low-cost logistics and operational system that works on a 12% gross margin – Ic. Privately owned Aldi has a long investment horizon and plenty of patient capital – Id. There are few threats to Aldi or the limited assortment store. Aldi is immune to competition, even from WalMart Aldi 3 Aldi in Australia Ia. Aldi acts as a category killer in core grocery lines – Aldi is a limited assortment discount grocery store, a format characterized by a high turnover on a narrow range of grocery items in a small space – The main appeal of limited assortment stores is low prices – Packaged grocery accounts for almost 50% of a German Aldi store’s turnover and 50% of an American store’s SKU mix – In Germany, over 70% of German households shop at Aldi, mostly for basic staples Aldi 4 Aldi in Australia Aldi is a limited assortment discount grocery store… TYPES OF DISCOUNT...
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...1. What are some issues facing Australia? What is the climate for doing business in Australia today ? Australia’s economy ranks among the 20 largest in the world, with a per capita GDP on par with the four dominant West European economies. Business in Australia is conducted in a transparent, well regulated and politically stable environment. The judiciary is open, independent and accessible. The climate is superb and living standards are high. The 2011 World Bank Doing Business report judged Australia to be the second most straightforward and affordable country to start up a business and in the top 10 countries in terms of overall ease of doing business. The Australian labour force is highly educated with a strong multicultural background. Approximately 42% of Australia’s working age population has a university degree, diploma or trade qualification. Of the approximately 21 million people in Australia, more than 1.4 million are fluent in a major Asian language and more than 1.2 million are fluent in a major European language. The Australian Government’s trade policy combines multilateral, regional and bilateral approaches. Australia pursues every opportunity to open up global markets for exporters and to encourage investment flows across all sectors. As part of this commitment, the Australian Government has negotiated special access for Australian suppliers of goods and services to key export markets through free trade agreements (FTAs). The results of this...
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...Technologies Organizational Structure MGT/230 December 6th, 2012 Mine Site Technologies Organizational Structure Mine Site Technologies (MST or Mine Site) is a newer small company to the United States and has a unique organizational background. Based out of Sydney, Australia, Mine Site Technologies came to the U.S. market in 2010 in an attempt to grab hold of the growing U.S. market for mining safety. Although it is an international company, MST developed its North American headquarters as a separate entity, operating and functioning without influence from its other locations. This created an organizational structure is experimental and organic. Given that the United States branch is so young, the organizational structure is vital to the company’s success. It is also important because of the size of the company relies on mining economics, varying from 40 employees during its prime to five during the start up. Planning and organization are fundamental to any small business and Mine Site Technologies is not an exemption. With a company so small, an assumption on the organization structure would be vertically formed, with a small chain of command. However, Mine Site Technologies organizational structure is horizontal with a functional flow. This means that there are different departments that function equally that are divided into specialized skill sets. This is a reflection of the organization structure the main headquarters has in Australia and what is common among larger...
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