Answer To: I want to get this assignment done. I want to 2 copies this assignment and word limit is 2000 words...
Abhinaba answered on Aug 23 2021
AGRIBUSINESS FOOD RELATED SECTOR OF AUSTRALIA
EXECUTIVE SUMMARY
The assignment on Agribusiness food related sector of Australia has focused on the operations of the second largest beef manufacturer, Teys Australia. In this assignment, the important business units, the revenue units of the mentioned organised have been discussed. Besides, PESTEL for understanding the influence of external factors on the operation of the organisation in the Australian beef industry along with SWOT for shedding light on the internal factors are elucidated. Furthermore, suitable recommendations are also proposed to improve the operations of this particular organisation in the beef industry.
Table of Contents
Introduction 4
Identification of an agribusiness operating in Australia 4
Identification of its business units and products and service lines 5
Identification of its business revenue units and discussing the importance of the largest of these revenue units 5
Analysing the Agribusiness’ external environment 5
Discussion of PESTEL 6
Analysing the Agribusiness’ internal organisation 8
Discuss its resources, capabilities, core competencies and competitive advantages 9
Make recommendations for the future strategic direction of the selected agribusiness 11
Conclusion 12
References 14
Introduction
The Australian economy receives a major impetus from the agricultural sector as a bulk of population estimating nearly 325,000 is employed in this particular domain. Past records have suggested that the total revenue generated from agricultural activities along with fishing, farming and forestry has reached as high as $155 billion per year that accounts to almost 12% GDP share.
Williams (2017) has supported the statement that agribusinesses are considered as one of the crucial pillars of the industrial sectors operating in Australia. Over the years, the agribusiness field has undergone a stark transformation with better quality of food production and greater interest generated among the consumers about the agricultural products. More often than not, the traders, agricultural retailers and processors have witnessed a major shift in the agricultural business trends with the adoption of modern methods. In this report, Teys is selected to highlight the various aspects governing one of the prominent farming companies in Australia.
Identification of an agribusiness operating in Australia
The operation of farming companies is closely linked with the agribusiness sector and hence, in this context, Teys Australia is a definite name that dominates the meat processing industry. In the words of Purves et al. (2015), Teys is recognised as the second largest exporting and processing unit in Australia. The global beef market is characterised by its cut throat competition where Teys relentlessly stride ahead due to its commitment to the customers, integrity, responsibility and high level of efficiency in marketing and production.
Identification of its business units and products and service lines
Teys Australia, the primary manufacturer of red meat, stands out from the rest of the market rivals due to its operating capabilities of six different, all advanced forms of beef processing equipment. The company occupies the second position in the list of farming companies that export beef, lamb and mutton across the country and the world. Teys controls the operation of three distinct feedlots that have strategic location at Charlton, Jindalee and Condamine. The location of Teys Australia has a favourable geographical location that is ideally conducive for developing relation with foreign customers as well as supporting the system of cattle production.
Identification of its business revenue units and discussing the importance of the largest of these revenue units
Teys Australia has successfully expanded across the country by establishing multiple business revenue units. The high revenue of these operating units of Teys Australia is fundamentally due to its strength of workforce that goes as high as 4620 full time workers. According to Holloway and Wu (2019), the leading farming company of Australia is headquartered at Eight Mile Plains, Queensland from where it exercises control over other revenue units across the country. The major operations of manufacturing, supply and distribution of the meat products are conducted from headquarter. Hence, at this particular location, the direct collection of revenue takes place.
Analysing the Agribusiness’ external environment
The business operations of one of the top most farming manufacturers of Australia, Teys are subjected to strong influential wave of external environmental factors. Leigh and Triggs (2016) have pointed out that a business organisation fails to exercise any control over the global, external factors that tends to largely influence the decision making process as well as the functioning of the firm. Likewise, the widespread operational network of Teys Australia is considerably influenced by different informational source from the external environment as well as the other global uncertainties. The external factors that tend to impact the...