Free Samples
BUS503 Principles Of Commercial Law
.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}
BUS503 Principles Of Commercial Law
0 Download7 Pages / 1,598 Words
Course Code: BUS503
University: University Of The Sunshine Coast
MyAssignmentHelp.com is not sponsored or endorsed by this college or university
Country: Australia
Question:
Analyse the impact of the internal environment including systems, structure, resources, and organisational culture on New Zealand business organisations in the context of entrepreneurship and innovation.
Analyse the impact of the extemol environment including government policy. legislation and common low, economic dynamics. technology, sustainable management, and social trends, on New Zealand business organisations in the context of entrepreneurship and innovation.
Answer:
The report analyses the impact of various internal and external factors that sometimes help as well as create problems in the company’s growth. The company is doing a profitable business in New Zealand as well as the other islands in south Pacific. There are important factors that support its business and increase its market penetration (Zlatevska et al., 2016).
Internal environment:
System:
Tip Top is a subsidiary of Fonterra which is a global leader of dairy production. Therefore, the system of Tip Top largely follows the system of Fonterra.
Ingredients are the chief element of this business that largely depends on the dairy products like milk. Therefore, the company’s core business depends on the milk supplier shareholders and manufacture them for export products (Park et al., 2015). These products of Tip Top range from the various flavoured ice creams that are manufactured from milk.
The food and customer service business focusses on supplying ready products in the supermarkets globally and ask for regular feedback from the consumers as well as market to enhance the quality of their products.
Structure:
Tiptop Ice Cream Company is a renowned ice cream brand from New Zealand. It is a subsidiary of Fonterra Brands and based in Auckland. The company was founded by Albert Hayman and Len Malaghan and they started producing ice cream in 1936. This company now produces more that 40 million litres of ice cream per year. The Fontana Brand has more than 400 employees working in New Zealand. Tip Top ice cream is exported to Taiwan, Japan, Malaysia, Indonesia, Australia along with the Pacific Islands. The most sold products of this company are Lemonade Popsicle, Choc Bar, Jelly Tip, Memphis Meltdown Big Nuts and Pineapple FruJu. Beside these, the company also sales cakes, sandwiches and desserts.
Resources:
The company is responsible with revenue more than NZ$10 .7 billion and it is the largest ice cream company in New Zealand. Therefore, there is no issue that can create problem in business. There are some resources that are necessary for every ice-cream company. This include ice cream making machines and other technological support. The human resource of this company is quite high compared to its competitors (Sadeghi et al., 2017). The talent and skill along with hard work of the employees, have helped the company to carry out all the goals effectively.
Organizational culture:
The organizational culture encompasses the values as well as behaviours of the employees to maintain a unique social and mental environment within the organization. In this case, the company’s culture discloses its collective values and principles of the members. The culture of Tip Top allows the employees to enter in strategic planning, product planning and expectations. The leads and mangers of Tip Top has been successful in keeping the work culture healthy (Boons & Lüdeke-Freund, 2013). They keep the employees motivated and provide guidance to the teams. There is absence of stress factors as the company leaders believe that there must be an emotional attachment among the employees as well as the professional group.
External environment:
There are six external forces that affect the business of Tip Top ice cream company. Tip Top is an Auckland based ice cream company that is influenced by all these factors both in negative as well as positive manner. Factors like technology sustainable management and social trends have positive effect on the company’s production, operation and distribution whereas factors such as government policies, laws and economy may have slightly negative effect on the company’s business. These factors could also have positive effect if handled properly.
Governmental policies:
· The governmental policies of New Zealand are supportive of the dairy industry. They provide opportunities for expansion of production and export of the ready products to the overseas market.
· The policies have proved to be beneficial for the company’s production by developing transport infrastructure, processing workforce and other facilities (Mowday, Porter & Steers, 2013).
· The government of New Zealand has improved the business environment so that the industry can operate successfully though it does not provide subsidies to this sector.
· The government policies also keep good relation with the south pacific islands and help it in expanding overseas markets.
Legislation:
· Tip Top ice cream company is based in Auckland therefore, enjoy an advantage with the regulatory services.
· The Milk Industry Act National Chemical Contaminants Programme, Dairy Industry Restructuring Act and Milk Industry Regulations are New Zealand’s regulations that supports the growth of this sector.
· In case this company do not assign with these laws or unable to uphold the regulations, they will not be allowed to distribute their line of ice creams (Waemustafa & Sukri, 2016).
· The company keeps up with industry standards and sell the best quality ice cream in New Zealand. In case of exporting the products in overseas markets, the company is dependent on the foreign policy.
Economic dynamics:
· Due to the recent economic situation of New Zealand, the financial factors can have a negative impact on the sales of Tip Top Ice Cream Company.
· The company’s products are affordable yet it is not a necessity therefore, with the oscillation in national economy, sales can be fluctuating (Epstein & Buhovac, 2014).
· However, the consumers do not mind to spend extra money for the best quality of Tip Top ice cream, the company cannot or do not need to make their ice creams more expensive.
Technology:
· After a recent technical discovery for a new process which increases the speed of freezing ice cream using liquid nitrogen.
· Now this new technology has been introduced in the production of Tip Top which uses the liquid nitrogen to freeze the ice cream mixture instantly.
· Use of liquid nitrogen has greatly influenced the production (Sadeghi et al., 2017).
· With the usage of the liquid nitrogen, the company can open new stores and continue business for more days of week. This procedure allows for more revenue in their sales of ice cream. The proper usage of technology has helped Tip Top company for adding more flavours that allow their customers select variety.
Sustainable management:
Tip Top Ice cream has grown its business and knows how to sustain the growth. It looks beyond next yearly report. The management has assisted in growing the business by selecting proper intellectual capital as well as strategic partnership with its supply chain (Nzicecream.org.nz, 2017). The management takes good care of the production as well as customer needs. In New Zealand there are potent competitors of the company but the price issue has provided support to Tip Top.
Potential issues for improvement:
Tip Top Ice Cream is expanding their branches to other countries but the regulatory forces of such countries may prove to be disadvantage and even a negative force because the regulations are different in those provinces. The complications of the regulatory forces can have impact on the ingredients as well as packaging. Therefore, Tip Top Ice Cream has to change its ingredients it uses and change the packaging and potentially create a different brand image across the different provinces (De Medeiros, Ribeiro and Cortimiglia, 2014).
Conclusion:
Therefore, it can be concluded that the ice cream company has successfully overcome the hurdles of government laws as well as issues in the supply chain. Despite the fact that the company largely depends on Fonterra as the company is its subsidiary. However, most of the internal as well as external factors contribute in the company’s growth but needs some revision and initiative to overcome the regulation problem in its overseas branches.
References:
Boons, F., & Lüdeke-Freund, F. (2013). Business models for sustainable innovation: state-of-the-art and steps towards a research agenda. Journal of Cleaner Production, 45, 9-19.
De Medeiros, J.F., Ribeiro, J.L.D. and Cortimiglia, M.N., 2014. Success factors for environmentally sustainable product innovation: a systematic literature review. Journal of Cleaner Production, 65, pp.76-86.
Epstein, M.J. & Buhovac, A.R., (2014). Making sustainability work: Best practices in managing and measuring corporate social, environmental, and economic impacts. Berrett-Koehler Publishers.
Khan, S., & Khan, S. (2017). Price Ceiling in Economics and Its Implications – Business Tip Top. Business Tip Top. Retrieved 13 December 2017, from https://businesstiptop.com/price-ceiling-implications/
Mowday, R.T., Porter, L.W. & Steers, R.M., (2013). Employee—organization linkages: The psychology of commitment, absenteeism, and turnover. Academic press.
Nzicecream.org.nz. (2017). Resources | NZICMA – The New Zealand Ice Cream Manufacturers Association (Inc.). Nzicecream.org.nz. Retrieved 6 December 2017, from https://www.nzicecream.org.nz/resources.htm
Park, S.H., Jo, Y.J., Chun, J.Y., Hong, G.P., Davaatseren, M. & Choi, M.J., 2015. Effect of frozen storage temperature on the quality of premium ice cream. Korean journal for food science of animal resources, 35(6), p.793.
Sadeghi, M., Amini, A., Are?an, A., Behnampou, N., & Ghasemi, S. M. (2017). Microbiological quality of traditional ice cream and homemade juices in Gorgan and its relationship with health conditions of workers and environment. Journal of Health in the Field, 2(4).
Tiptop.co.nz. (2017). Retrieved 6 December 2017, from https://www.tiptop.co.nz/about/
Waemustafa, W. & Sukri, S. (2016). Systematic and unsystematic risk determinants of liquidity risk between Islamic and conventional banks.
Zlatevska, N., Zlatevska, N., Spence, M.T. & Spence, M.T. (2016). Parsing out the effects of personal consumption norms and industry influences on food consumption volume. European Journal of Marketing, 50(3/4), pp.377-396.
Free Membership to World’s Largest Sample Bank
To View this & another 50000+ free samples. Please put
your valid email id.
Yes, alert me for offers and important updates
Submit
Download Sample Now
Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.
UploadUnique Document
DocumentUnder Evaluation
Get Moneyinto Your Wallet
Total 7 pages
PAY 4 USD TO DOWNLOAD
*The content must not be available online or in our existing Database to qualify as
unique.
Cite This Work
To export a reference to this article please select a referencing stye below:
APA
MLA
Harvard
OSCOLA
Vancouver
My Assignment Help. (2021). Principles Of Commercial Law. Retrieved from https://myassignmenthelp.com/free-samples/bus503-principles-of-commercial-law/potential-issues.html.
“Principles Of Commercial Law.” My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/bus503-principles-of-commercial-law/potential-issues.html.
My Assignment Help (2021) Principles Of Commercial Law [Online]. Available from: https://myassignmenthelp.com/free-samples/bus503-principles-of-commercial-law/potential-issues.html[Accessed 18 December 2021].
My Assignment Help. ‘Principles Of Commercial Law’ (My Assignment Help, 2021)
My Assignment Help. Principles Of Commercial Law [Internet]. My Assignment Help. 2021 [cited 18 December 2021]. Available from: https://myassignmenthelp.com/free-samples/bus503-principles-of-commercial-law/potential-issues.html.
×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}
×
Thank you for your interest
The respective sample has been mail to your register email id
×
CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.
Account created successfully!
We have sent login details on your registered email.
User:
Password:
At MyAssignmenthelp.com, we understand that when students get stuck with tough assignments, they look for affordable services. To assist students with complex assignments, we have built a team of skilled cheap essay writers. MyAssignmenthelp.com has become one stop solution for all students who often look for answers related to their search similar to do my essay at the cheap rate or who can write my essay at affordable prices. Students prefer hiring us as we have the best provisions to render services related to do my essay online at a reasonable rate.
Latest Management Samples
div#loaddata .card img {max-width: 100%;
}
MPM755 Building Success In Commerce
Download :
0 | Pages :
9
Course Code: MPM755
University: Deakin University
MyAssignmentHelp.com is not sponsored or endorsed by this college or university
Country: Australia
Answers:
Introduction
The process of developing a successful business entity requires a multidimensional analysis of several factors that relate to the internal and external environment in commerce. The areas covered in this current unit are essential in transforming the business perspective regarding the key commerce factors such as ethics, technology, culture, entrepreneurship, leadership, culture, and globalization (Nzelibe, 1996; Barza, 2…
Read
More
SNM660 Evidence Based Practice
Download :
0 | Pages :
8
Course Code: SNM660
University: The University Of Sheffield
MyAssignmentHelp.com is not sponsored or endorsed by this college or university
Country: United Kingdom
Answers:
Critical reflection on the objective, design, methodology and outcome of the research undertaken Assessment-I
Smoking and tobacco addiction is one of the few among the most basic general restorative issues, particularly to developed nations such as the UK. It has been represented that among all risk segments smoking is the fourth driving purpose behind infections and other several ailments like asthma, breathing and problems in the l…
Read
More
Tags:
Australia Maidstone Management Business management with marketing University of New South Wales Masters in Business Administration
BSBHRM513 Manage Workforce Planning
Download :
0 | Pages :
20
Course Code: BSBHRM513
University: Tafe NSW
MyAssignmentHelp.com is not sponsored or endorsed by this college or university
Country: Australia
Answer:
Task 1
1.0 Data on staff turnover and demographics
That includes the staffing information of JKL industries for the fiscal year of 2014-15, it can be said that the company is having problems related to employee turnover. For the role of Senior Manager in Sydney, the organization needs 4 managers; however, one manager is exiting. It will make one empty position which might hurt the decision making process. On the other hand, In Brisba…
Read
More
MKT2031 Issues In Small Business And Entrepreneurship
Download :
0 | Pages :
5
Course Code: MKT2031
University: University Of Northampton
MyAssignmentHelp.com is not sponsored or endorsed by this college or university
Country: United Kingdom
Answer:
Entrepreneurial ventures
Entrepreneurship is the capacity and willingness to develop, manage, and put in order operations of any business venture with an intention to make profits despite the risks that may be involved in such venture. Small and large businesses have a vital role to play in the overall performance of the economy. It is, therefore, necessary to consider the difference between entrepreneurial ventures, individual, and c…
Read
More
Tags:
Turkey Istanbul Management University of Employee Masters in Business Administration
MN506 System Management
Download :
0 | Pages :
7
Course Code: MN506
University: Melbourne Institute Of Technology
MyAssignmentHelp.com is not sponsored or endorsed by this college or university
Country: Australia
Answer:
Introduction
An operating system (OS) is defined as a system software that is installed in the systems for the management of the hardware along with the other software resources. Every computer system and mobile device requires an operating system for functioning and execution of operations. There is a great use of mobile devices such as tablets and Smartphones that has increased. One of the widely used and implemented operating syste…
Read
More
Tags:
Australia Cheltenham Computer Science Litigation and Dispute Management University of New South Wales Information Technology
Next