logo

Factors Influencing Business Ownership by Migrants in Australia

   

Added on  2023-06-12

12 Pages3119 Words183 Views
 | 
 | 
 | 
LITERATURE REVIEW 1
LITERATURE REVIEW
Student’s name:
Tutor:
Institution:
Course title:
Date:
Factors Influencing Business Ownership by Migrants in Australia_1

LITERATURE REVIEW 2
Literature Review
Introduction
Entrepreneurs are obligated to understand of the business environment for a stable flow
of processes in that particular industry. In Australia, there have been increases in the number of
immigrants which are involved in social and economic activities in the nation. The immigrants in
Australia are provided with an opportunity to work and start a business in the nation by acquiring
the work visas (Australia.gov, 2018). The Australian government is focused on increasing
investment and entrepreneurship in the nation for the achievement of the set macroeconomic
goals of production. The nation is focused on offering migrants with equal employment and
entrepreneurial opportunities for sustainable performance of the business. The government
provides rules and regulation to control migration to Australia which is meant to ensure that
there is an increased social progress in the nation. The migrants have contributed to economic
development in the nation by assisting in employment and investing in a business. The 2016
census shows that 24% of non-English migrants and 50% of English migrants aged 25 to 34 are
able to acquire employment opportunities in Australia (Chang, 2018). The nation has provided
opportunities for migrants to own business which is vital in ensuring that there is social and
economic growth.
Evaluating the factors influencing business ownership by migrants in Australia
Entrepreneurial skills
The Australian government is focused on developing a proper platform that will enhance
the entrepreneurial skills of the migrants. The empowerment programs by the government aim at
ensuring that the migrants work towards economic development of the nation. Alam and Imran
Factors Influencing Business Ownership by Migrants in Australia_2

LITERATURE REVIEW 3
(2015) explained that the Australian government is focused on quality services through the
application of technology. The digitalisation in the nation has made it possible for an individual
to start up a business which will increase the standard of living of the community. Businesses by
immigrants are required to focus on the use of technology in making it likely for the business to
perform well in Australia. The inclusion of migrants groups in government decision making has
provided the information needed by the community for a steady flow of operations. The nation is
focused on dealing with the digital complexity and internet technology in the nation to deal with
the technology divide (Alam & Imran 2015). Digital literacy considers the education and training
level implemented in the nation. Australia has adequate ICT resources that are used in
digitalizing operations for proper entrepreneurial activities. There has been an increase in the
number of migrants in Australia in the recent past. Doherty and Evershed (2018) indicate that the
number of migrants increased from 85,000 in 1996 to 208,000 in 2017. The migration to
Australia has greatly contributed to population growth thus the government has developed a
policy that is aimed at ensuring that the migrants contribute to social and economic development
in the country.
Vuin et al. (2016) research showed that a nation is able to accomplish the required level
of production by increasing the number of active migrants. In Australia, the government is
focused on engaging the migrants with community activities for proper development of the
nation. The migrants are made active through employment, entrepreneurship and volunteer
engagement (Vuin et al. 2016). The migrants’ involvement in labour forces and volunteer
activities is used in making sure that there is a substantial contribution of all the migrants to the
community. Entrepreneurial migration is used in increasing the business world in the nation
where the organisations are used to enter the international trade. Entrepreneurial migration is
Factors Influencing Business Ownership by Migrants in Australia_3

LITERATURE REVIEW 4
used in enhancing the lifestyle of the society through engagement in business. Carson, Carson,
and Eimermann (2018) confirm that entrepreneurial migration is used to develop the lifestyles of
the society through long-term development from the business ambitions. The migration from one
nation to another by entrepreneurs provides business motivation that is necessary for acquiring a
sustainable performance in the targeted market. Entrepreneurial skills are developed through the
involvement of business in different nations due to the understanding of the various business
environments. A proper insight on the international business environment is used by an
entrepreneur to acquire an increased market share in a particular industry.
Entrepreneurial skills for Australia immigrants are needed in providing a proper flow of
businesses in the nation. The foreign entrepreneurs come with new ways and methods to handle
different issues facing businesses in the region. The entrepreneurs are required to be innovative
to develop products and services that are unique in the market. Unique products assist a business
to acquire the desired market share in the industry. Adams et al. (2016) provide the need of
focusing on innovation in developing products and services that will offer market sustainability.
The entrepreneurs are required to develop flexible plan stat will increase the flow of the business
in the targeted market. The products developed by an organisation should offer social and
environmental benefit through value addition to the community. The innovation systems
implemented by a business owner assists in adapting to the changing business environment
(Adams et al. 2016). The business model implemented by an entrepreneur is required to offer an
increased production level in the community. The innovative solutions are used by entrepreneurs
in Australia in managing the available resources effectively for a successful business entry.
According to Grant (2016), an entrepreneur is required to develop strategies that will enhance
performance in the targeted market. The evaluation of consumer needs is used in ensuring that
Factors Influencing Business Ownership by Migrants in Australia_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Factors Influencing Business Ownership by Migrants in Australia
|14
|3286
|27

Policy Review In Australia For Migrated Students
|1
|860
|13

Self Reflection on Evaluating Factors Influencing Business Ownership by Migrants in Australia Entrepreneurial Skills
|8
|1402
|308

Migration Policies of Australia
|6
|1458
|94

Impact of Migration on Children and Families in Australia
|10
|2350
|472

Effect of Immigration on Australian Labour Market Outcomes
|14
|4050
|215