New Business Concept for Sustainable Management of Nationwide Transport Services in Australia

Management
Entrepreneurship venture capital

Introduction
 The formation of a new business concept is central to the business
and has been the aim of the assignment
 Nationwide Transport Services in Australia is the organisation that has
offered trucking and transportation services to deliver freight across
Australia
 The major services delivered by the company are freight and
transportation services with the use of trucks
 The major issues arisen could be the increased cost of fuel and other
expenses for the business operations
 The aim of the assignment is to demonstrate a new business idea or
concept for sustainable business management and overcoming issues
with the higher fuel cost and expenditures

Problem and need analysis
 The enhancement of fuel cost and increased expenses made by the organisation to
facilitate new ideas and concepts
 Due to lack of implementation of new technologies, the issues have been faced
 The issues related to the safety and security are associated with the transportation
practices might emerge
 The needs of business are to implement advanced and innovative technological
system including the implementation of GPS fleet tracking system and telematics
improve business performance

Needs analysis
 Considering the case, the preferences and expectations are mainly the needs that
have emerged because of the rise in fuel cost used by vehicles and expenses
increasing with the management of business practices
 The clients’ demands and expectations are identified and then there is need for
developing a new business concept for sustainable management of business practices
 The need for sustainable practices including the self driving cars and use of telematics
and GPS fleet tracking system for monitoring the location of drivers and other
information
 Nationwide Transport Services can use the self driving trucks that are implemented
with the platonic technology