The paper 'Australian Food Processing Industry" is a good example of a management case study. The Australian country has been lauded as being one of the democratic countries in the business world. It has a stable economy and a sound political system with a low risk for the business environment. It has a government policy and regulation that is very transparent and accommodates the financial practices of any industry. The legal system of the country is also very transparent and provides for both the statute and common law that allows for both the domestic and foreign businesses to operate.
This means that foreign organisations are able to stand the same stand when it comes to legal issues. This is good for businesses in Australia (Schulz, 2013). This paper analyses the Australian Food Processing Industry and its possible expansion to the United States of America. The analysis wills assess the possibility of the industry expansion by looking and the porter's five forces in a business environment and the swot analysis of the Australian Food Processing Industry in the current situation. The Australian Food Processing Industry is characterised by several products.
The country in its own way boasting of having an assortment of climates and soils sorts. When though at times the Australian weather is mostly dry. The country also experiences high rainfall in the coastal areas, northern tropical districts, dry semi-dry climates, most of these climates have been utilised for producing food for harvest. The country also utilizes technology in order to increase food processing in the country. The country is also a steadfast provider of food in the global markets (Shiva, 2001). The food processing industry in Australia can be said to be one of the most profitable industries in the country.
The businesses have been fairly stable in recent years even during the macroeconomic conditions of 2008-09 during the fall of the global economy. The food processing industry has been seen to survive this wave to date. This means that the Australian Food Processing Industry has enough possibilities to expand to new markets like the United States and also increase profits of its established ventures. By entering into the profit of the Australian food processing will mean that support will be needed to ensure that the industry is able to govern itself throughout (Harrington & Harrington, 2005). Over the years, the Australian Food Processing Industry has been expanding.
To add to this, businesses that deal with food have seen remarkable growth over the last decades making residents enjoy dining as part of living. In the last 5 years, for example, the country is reported to have served more than 2 billion takeaways and means which have been served by the fast-food chains and other autonomous outlets.
This represents more than 44% of all meals that are served in the business service division (Fabozzi & Markowitz, 2011). Currently, the country has over 17,000 fast food outlets throughout Australia, these accounts for 28% of the commercial foodservice outlets (Hofstede & Hofstede, 2004). The amplified recognition of the food processing industry in Australia proves that it is an industry with the ability to grow and expand to new markets in the United States. The following sections are going to analyse the food industry using porters’ five forces and swot analysis of the food industry as it stands (Varma & Budhwar, 2013). 2.0 Institutional Framework, Industry Situation Analysis 2.1 Porter’ s Five forces Porters five forces is a business strategy model that is used in analyzing the business competition of industry whenever the industry seeks to expand to new markets.
The porter’ s five forces of the Australian Food Processing Industry can thus be analysed as follows.
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