2. Group Members
• Umar Farooq
• Bilal Ahmed Hashmi
• Tayyab Ali Baig
• Aiza Ahmed
• Waleed Sabir
3. Topic: Business & Australia
Contents:
• Prerequisites of launching business in Australia.
• Business Ethics in Australia.
• HRM Strategies in Australia.
• Corporate Strategies, Implementation of Australia’s
corporate culture on Domestic, Multinational, International
and Global level.
4. WHY AUSTRALIA ?
• Advanced and stable economy.
• Stable government.
• Innovative culture.
• Large sophisticated domestic market.
• Educated workforce.
5. WHY AUSTRALIA ?
• Certainty and security.
• Size and population.
• Multicultural community.
• Life style.
6. Prerequisites of Launching Business
• Feasibility study.
• Licensing and permits.
• Business structure.
• Location and premises.
7. Prerequisites of Launching Business
• Employees.
• Budgeting and finance control.
• Marketing and advertising.
• Legal aspects and franchising.
8. Business Ethics in Australia
Following are the ethical business codes for doing
business:
•The public interest
• Integrity
• Objectivity and interdependence
• Competence and due care
• Confidentiality
9. Business Ethics in Australia
• Discrimination.
• Conflict of interest.
• limitations on advice
• Solicitation
• Image of the profession and the institute
10. HRM Strategies
The prominent HRM policies in Australia are
discussed below:
• Flexible working hours.
• Flexible remuneration package.
• Specified probationary period.
• Opportunities for promotion.
11. HRM Strategies
• Equal employment opportunities.
• Ensuring safe systems of work.
• Aboriginal laws.
• Labor relations.
12. Corporate Strategies
Australia’s corporate culture is characterized by strong
emphasis on hierarchy and orientation to the task.
This culture includes;
• Well defined jobs.
• Well defined Hierarchy.
13. Corporate Strategy Issues
• Corporate scope: the level of diversification.
• Corporate coherence: the level of
relatedness.
• Corporate responsibilities: the level of HQ
authority.
• Corporate responsiveness: the level of
effectiveness.
