Term
What makes Australia
international business substantially easier than in other
countries with strict government regimes? |
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Definition
| Fairly Open Trade Policies |
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Term
What are the following:
Australia’s Free Trade
Agreements with countries such as New Zealand and
Thailand, trading tariffs as described by the Customs
Tariff Act of 1995, as well as importing and exporting
policies, procedures and regulations. |
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Definition
| Factors To Consider In Terms Of Trade Barriers |
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Term
What are the following:
Obtaining the proper
licenses for the products being traded. Knowing |
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Definition
| The requirements for trading in Australia |
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Term
What are the following:
traded. Knowing the
target market, their customs, and the estimated
transportation time-frame. |
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Definition
| The requirements for exporting goods from Australia. |
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Term
What are the following:
● Strong brand reputation and customer satisfaction
● Wide product base with differentiation and modernization advantage
● Large distribution network
● Reliable suppliers with high quality and safety standards
● Operational efficiency and manufacturing consistencies
● High profits with low debt |
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Definition
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Term
What are the following:
● Limited connections in emerging markets
● Turnover issues
● High labor and inventory costs
● Low diversification
● Not as successful at integrating firms with different work cultures |
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Definition
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Term
What are the following:
● Facility growth and expansion in attempt to increase revenue in emerging markets
● Increase competitive advantage through innovation and diversification
● Lower transportation costs in attempt to decrease overall product price |
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Definition
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Term
What are the following:
● Aggressive competition -- For example, Komatsu
● Imitation risks
● Difficulty with differencing currency rates and an increase in the price of raw materials
● Changing global economic environment and conditions
● Environmental regulations present in production facility locations |
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Definition
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Term
What are the following:
-R&D knowledge on modernizing equipment
-Wide product base
-Differentiation
advantage |
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Definition
| Strengths used to increase competitive advantage through innovation and diversification. |
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Term
What are the following:
-Exploit large distribution network
-Knowledge of international business
-Brand Reputation
-High customer satisfaction rates |
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Definition
| Strengths that can be used to expand facilities in Australia. |
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Term
What are the following:
-Breadth
-Manufacturing processes
-Quality control |
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Definition
| Strengths that can increase competitive advantage against aggressive competition. |
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Term
| What is required to improve employee satisfaction, reduce turnover and help with company diversification? |
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Definition
| Fully Understanding The Work Culture |
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Term
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Definition
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Term
| What is the first E in PESTEL? |
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Definition
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Term
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Definition
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Term
|
Definition
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Term
| What is the second E in PESTEL? |
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Definition
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Term
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Definition
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Term
What is the advantage of this entry mode:
Exporting |
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Definition
Easy entry into other markets
Multiple transportation options |
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Term
What is the disadvantage of this entry mode:
Exporting |
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Definition
Oceanic transportation may
harm wildlife |
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Term
What is the advantage of this entry mode:
Licensing and Franchising |
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Definition
Reasonable Intellectual Property
(IP) policies |
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Term
What is the disadvantage of this entry mode:
Licensing and Franchising |
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Definition
Risk loss of control over IPs
depending on law |
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Term
What is the advantage of this entry mode:
Strategic Alliance |
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Definition
Form strong bonds with local
suppliers and manufacturers |
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Term
What is the disadvantage of this entry mode:
Strategic Alliance |
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Definition
Risk of unreliable suppliers
Risk loss of resources due to
supplier |
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Term
What is the advantage of this entry mode:
Acquisition |
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Definition
May gain easier entry into
Australian and Oceanic markets |
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Term
What is the disadvantage of this entry mode:
Acquisition |
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Definition
Law may prevent ownership
Lower percentage of stock |
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Term
What is the advantage of this entry mode:
Greenfield Venture |
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Definition
Maximum control over Australian
operations |
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Term
What is the disadvantage of this entry mode:
Greenfield Venture |
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Definition
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Term
What will allow CAT to form strong bonds with local suppliers
and manufacturers and gain a better understanding of the Australian work
culture? |
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Definition
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Term
What proves to be stable for
business ventures, allowing for many civilians to enter the workforce? |
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Definition
| Australia’s overall political climate and economy |
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Term
What ensures that only reputable organizations and individuals can
create and distribute products and services? |
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Definition
| Several laws present that promote the creation and protection of IPs |
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Term
What are the following:
● Constitutional Monarchy -- Prime Minister head of government
● Most of GDP is used for social well-being
● Member of the Commonwealth of Nations, OECD, G20, WTO
● Free trade agreements with ASEAN nations, China, Japan, New Zealand
and the US
● Received criticism for deportation laws and failure to protect certain rights |
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Definition
| Political Factors Of Australia |
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Term
What are the following:
● 2% inflation rate
● 13th largest economy in the world
● 30% company tax rate
● 5% unemployment rate
● Key imports: machinery, oil, electrical equipment
● Key exports: metals, natural gas, minerals |
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Definition
| Economic Factors Of Australia |
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Term
What are the following:
● Population is roughly 25 million people
● Primary religion is Christianity
● Similar spending habits as the US
● Work environments tend to foster closer relationships between employees and managers |
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Definition
| Sociocultural Factors Of Australia |
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Term
What are the following:
● Australia supports the research and design of new technologies and their applications
● Australian Technology Network is a collaboration between four of Australia’s top universities
● Has a strong and reputable set of procedures for intellectual properties. Includes copyrights,
patents and trademarks |
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Definition
| Technological Factors of Australia |
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Term
What are the following:
● Facing issues stemming from its population and infrastructure growth
● Large focus on preserving the environment including the Great Barrier Reef
● World Wildlife Fund Global is highly active
● Numerous environmental protection laws including renewable energy, carbon emissions,
hazardous waste disposal and preservation of the Great Barrier Reef |
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Definition
| Environmental Factors of Australia |
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Term
What are the following:
● Multiple laws that encourage competition and discourage monopolies
● Intellectual properties are legally protected and require proper registration before being
considered valid
● Laws led by the Safe Work Australia organization protect employees in unsafe working
environments |
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Definition
| Legal Factors Of Australia |
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