The Global Service Sector Enterprises Essay Example | Topics and Well Written Essays - 2250 words

The Global Service Sector Enterprises - Essay ExampleThere was rapid rustic and industrial development which was facilitated by the rich reserve of natural resources in the country. In the past fewer decades, Australia has established itself as an advanced economy and a strong competitor in the international market for goods and services. In the last century, Australia has been named one of the fastest developing economies among the OECD countries. The economic reforms made in the country during the eighties are a major reason behind such brilliant performance by the economy. It ranks soaring in the international standards in the indices measuring human development, life expectancy, public literacy level and preservation of primal rights of the people. Australia has a non-permanent membership in the United Nations for the year 2013-2014 and is a member of the World Trade system since 1995 (Security Council Report, 2012). PESTLE Analysis Several factors originate and exist in th e macro scenario of an economy that affects the operations of the railway line organizations of the economy. Changes in tax structures, trade barriers, change in government policy, demographic changes and a multitude of new laws implemented as a result of all these changes form parts of the macro-environmental change (Morrison, 2011). We shall use the PESTEL influence to analyse these changes in the context of Australia and determine the factors that act as drivers of small and medium enterprises within the country. governmental FACTORS Political factors relates to the extent to which the government interferes into the matters of the economy. The government of Australia is also known as the Commonwealth Government or the federal government (Australia, n.d.). The government body has three divisions the legislature, the executive and the judiciary. The constitution makes no reference to every political party so as to allow the legislature to operate smoothly. Although government p olicies are a very practical method of affecting business practices directly, they are not always appropriate or effective (The Allen Consulting Group, 2008). Government intervention The Australian Government launches programs from time to time which are aimed at amend the environment for SMEs, promoting their growth and increasing employment levels (The Allen Consulting Group, 2008). It provides grants to the enterprises for developing employee skill and provides support in project planning. It provides consultative support to entrepreneurs for the starting of home-based business and expanding them. However, there are several government policies and regulations which are acting as barriers to business development of the SMEs. The government is taking steps to reduce such regulations and encouraging local governments to abet small firms in reducing compliance costs (The Allen Consulting Group, 2008). Consumer protection Rights of the consumers in Australia are protected with int ense sincerity. There is a single consumer law applicable for the entire nation. The Australian Competition and Consumer Commission (Australian government, n.d.) form in 1995 has the responsibility to look after trade practices, prices and overall consumer benefit. The provision of consumer security makes Australia a guard ground for business activities