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Sustainability of Small Medium Scale Enterprise in Australia

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Added on  2021-02-19

Sustainability of Small Medium Scale Enterprise in Australia

   Added on 2021-02-19

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Sustainability of small medium scaleenterprise in Australia
Sustainability of Small Medium Scale Enterprise in Australia_1
Analyzing the Business Decision or ProblemBACKGROUND Since the rise in their popularity, SMEs have consistently grown andgenerated interest from a wide range of stakeholders including government,researchers, customers and non-governmental organizations etc. basicallySMEs companies are based on small scale which is also known as microenterprise or it is a business with less than five employees and includes self-employed individuals. Present research will be based on the sustainability ofsmall medium scale enterprise in Australia. In the context of sustainability,society has been now growing rapidly and wants to become moresustainable and socially responsible. So, the concept of sustainability needslittle attention to get success in the competitive context. In Australiasustainable management of business is considered to be the most necessaryterm for the businesses. Basically, the practices of sustainability includevalue, transparency, internal audience, supplier relationship, customerrelationship, employee’s growth and the contribution of business to theenvironment development.RATIONALE The main reason to conduct the project is to research and examine thesustainability of small medium enterprise in Australia. However, the presentresearch or literature also support the data to determine small companieswhich wants to grow but often don’t. Apart from that, Research will alsooutline the challenges and difficulties SME faced in Australia. Overall, studyaim is to measure the relationship between social, operational and practiceswhich main aim is to focusing on the development of small medium sizedenterprise. SME is the backbone of the economy that contributes the bestefforts to making environment clean and energetic. However, in present era,all the businesses mainly focus on the environment development rather thanprofit making. This is the reason to make the business more developed andeffective for future growth. Aim: To examine the sustainability of small medium scale enterprise inAustralia. Case study based on Atlassian. Objectives: To identify the SME companies in Australia, appear to be declining.To determine the small companies, want to grow but often don’t.To determine the challenges and difficulties SME faced in Australia PAGE 1
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To recommend the strategies of sustainability to Australian SME. Research Questions What are the SME companies in Australia, appear to be declining? What are the small companies, want to grow but often don’t?What are the challenges and difficulties SME faced in Australia?What are the strategies of sustainability for Australian SME? Benefits of Research As to support sustainability development within the business can givemore opportunities and chances to grow. However, this research will help tosupport SEMs to address the environmental issues and maintained thebusiness practices sustainable. Therefore, it is beneficial for SMEs to makeall stakeholders happy and satisfied by implying the different sustainabilityapproaches. In order to make the integrate environment practices onbusiness has become one of the most competitive among the industry.Exploring the relationship with stakeholders can more helpful and effectivefor making the business more sustainable and productive. Sustainability isnecessary and beneficial to be considered in order to make the businessmore popular and profitable in the future. PAGE 2
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