This report is to seek the contemporary issues businesses are facing in Australia and how the internal and external influences have an impact on business opportunities in NSW.
There are many contemporary issues businesses are facing in Australia at this time as we are in the trough of the economic cycle. The key business issues found in the articles were the competition between businesses, the increase of petrol prices, investments, the euro debt crisis, the carbon tax, the plunge of the Australian dollar and the Australian market and the mining boom in WA.
Competition between businesses happens all over the world. This can be an internal or external influence in Australia.
The article Smaller but sweeter crop bearing fruit for growers refers back to the heavy rain and flooding that provided some growers with an oversupply of grapes and others with a ruined crop in the beginning of 2012. The article had stated that the February and March rains were not a disaster because 75 per cent of the country’s harvest was finished and only a minor proportion was affected.
This is both an internal and external influence because the loss and the oversupply of grapes and the competition between Wine Grape Growers are happening in NSW and all over Australia.
The rise of Petrol prices is increasing rapidly. The competition between businesses will be to find the cheapest petrol to save money.
This is an internal influence as businesses compete in NSW to provide customers with an appropriate price.