BDO Australia: Evaluating Management, Business Context & Risk Factors

This report provides an analysis of BDO Australia, a leading financial consultancy organization, focusing on its management and business context. It examines the organizational structure, internal and external environmental factors impacting its operations, and the risks confronting the business, including cyber-attacks and economic fluctuations. The report also highlights decisions taken by the company to enhance performance, such as implementing new training programs and leveraging HRM strategies. Functional units like finance and marketing are identified as crucial for achieving strategic goals. The analysis concludes that BDO Australia must address these challenges with appropriate decisions to improve employee performance and maintain its competitive edge in the financial consultancy sector. Desklib offers this assignment solution along with a variety of study resources for students.

Running head: Management and Business Context
Management and Business Context

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Introduction
There are various challenges that are faced at the time of conducting the activities of
company. The challenges are faced due to the changes that are taken into consideration by the
company to conduct the activities of the organization. It is important for the management to
consider the risks that possessed by the company at the time of conducting the activities. It is
important to have specified structure so that the activities can be conducted smoothly (BDO
Australia, 2017). There are various forces that are related to the internal and external
environment. These factors influence the activities of the organization.
To minimize the problems that seen in the organization it is important to take accurate
decisions so that activities can be conducted smoothly. There are many types of decisions that
are considered so that the performance of the organization can be improved. It is important for
the company to take into consideration effective strategies so that goals and objectives can be
accomplished (Voigt, De Cian, Schymura & Verdolini, 2014).
BDO Australia is related to the international network which focuses on public
accounting, consulting tax and also on the advisory organization that conducts the professional
services in an effective manner. It is analyzed that the organization has more than 73000
employees who are conducting the activities in 1500 offices in more than 161 nations globally.
The company is also known as one of the biggest company in this sector as various services are
provided to the customers like consultancy services related to tax (Lander, Koene & Linssen,
2013).
This paper takes into consideration the structure of BDO and also the factors related to
the environment that will impact the operations of BDO. The paper will highlight the risks that
are possessed by the business and also the decisions that should be considered so that
organizational performance can be enhanced.
Structure of BDO
It is analyzed that every business has its own organizational structure to conduct the
activities of the organization smoothly. The structure of the company is designed by focusing on
the overall type of the work conducted by the company so that efficiency can be maintained. The

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company has a hierarchal structure and also the parallel structure so that activities can be
conducted smoothly. Each and every unit of the organization has a defined role but they are
interdependent on each other to conduct the activities. This assists them in accomplishing their
task in the given time frame. In many organizations, there are directors and chairman of the
board so that activities can be conducted smoothly. Under them, there are many executives and
managers in various cities. In various cities, there are various units that are named as natural
resources, corporate finance and also cybersecurity.
It is important for the company to evaluate the environment which is faced internally and
also on an external basis. This assists the organization in implementing the strategies so that
activities can be conducted smoothly. For BDO there are various forces that give direct impact
on the activities of the organization (Koester, Shevlin & Wangerin, 2016).
Internal and External forces related to the environment that will impact
the business
External Factors
There are various political decisions which are giving negative impact on the activities of
the organization. Due to this, the decisions are changing in many parts of the country. The
political factors have forced the accounting firms to consider innovative ways so that activities
can be conducted smoothly. There are various rules and regulations that are concerned with tax
and change the formation of the government in the past years. To evaluate the activities and to
manage it is one of the difficult tasks as there are many rules and regulations that are considered
by the company (Seabrooke & Wigan, 2016).
It can be analyzed that Australia is known as a developed nation and the effect is also
seen in the economic crisis. The BDO business is based on the changes that are related to
economic condition and also it has a relation with finance. It is seen that the customized planning
is also necessary for the company and the customers so that economic condition can be managed
(Graham, Hanlon, Shevlin & Shroff, 2017).
It is seen that there are many changes that are taking place in society and also it is
important to fulfill the overall demand of the customers. Large numbers of small firms are

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demanding more for consultancy related to financial status. This has enhanced the overall
opportunities for growth for the company (Hasseldine, Holland & van der Rijt, 2011).
There is a drastic change that is analyzed in the technologies which are related to
accounting and finance. It has become important for the companies to consider that the
technologies are installed in the best way according to the accounting software. This will assist
them in offering a good experience to their consumers. It is important for the Organization to
consider the strategies related to technologies so that competitive advantage can be maintained
(Antonelli, 2014).
The level of competition in the industry has enhanced and it is difficult for the companies
to attain long-term growth. To ensure that the competition level is managed in a proper manner it
is important to consider the strategies so that activities can be conducted smoothly.
Internal forces
It is analyzed that the demand of the employees has enhanced. This has created difficulty
for the organizations to maintain good relationships with the employees by satisfying the need
and wants of the customers according to the level of competition in the market. It is seen that to
recruit employees in Australia is one of the major problems in the recent scenario (Liu, Gong,
Zhou & Huang, 2017).
It is also important that organization should focus on preparing the employees so that in
future if a problem arises they can face it in a proper manner. To train the employees are per the
requirement is one of the difficult tasks and it should take into consideration the proper analysis
of performance analysis system so that the need and wants of the employees can be taken into
consideration in a proper manner. The company should focus on minimizing the overall cost of
activities so that demand can be enhanced effectively. This can be one of the difficult tasks as it
is seen that the cost is lowered and it create dissatisfaction. It can be one of the expensive affairs
for the consulting firm as the workers are known as one of the biggest assets.
It is seen that this company is associated with the financial affairs and it is important for the
company to be sure of the best ethical laws. This will assist in securing the stakeholder's
interests in a proper manner. Corporate governance is one of the issues for BDO Australia
(DesJardins & McCall, 2014).

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Risks that currently confront the business organization
There are many types of risk that are affecting the overall business of the company. It is
important to understand the risk and the impact on the business. The biggest risk is related to the
firm is cyber-attack. It is analyzed that cyber-attack is taking place in various parts of the
country. This has enhanced the overall concern for the company and also there are many data
which is related to the financial accounts of the customers. Hackers are searching for the
information for their own benefit.
It is also analyzed that there is a major issue which is related to the fluctuation of the
economic condition on a global basis. This has enhanced the tension for the companies and also
for the customers because if the decisions related to finance are taken in a wrong way then it can
give a loss to the organization (Weiss, 2014).
It is seen that the tension is increased globally and it has given negative impact on the
activities of the company. It is also analyzed that cited company has to bring change according to
the global strategy by considering the political situations.
Decisions that are considered by the company to increase the
performance
There are many decisions which are taken by the company so that the performance can be
enhanced and also success can be achieved. The new training programs have been introduced so
that they can conduct the activities smoothly. This will assist in enhancing the skills of the
employees by conducting the activities on the latest technologies. This will enhance the
performance of the employees if latest technologies are considered (BDO Australia, 2017)
Functions within the organization that will help to accomplish the
strategy
HRM strategy is one of the important strategies that will help to achieve the goals. The
finance unit has a great role to offer funds for attaining various strategies. Marketing will also
help the company to accomplish the overall strategies and also help to understand the needs of
the customers.

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Conclusion
By evaluating the paper it is seen that BDO Australia is the largest financial consultancy
organization that assist the customers in giving a various solution to the issues that are faced.
There are also many internal and external forces that impact the company. Also, there are risks
that are seen in the business. So, the appropriate decision should be taken so that performance of
the employees can be improved. To achieve the strategy the functional units should be
considered.

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References
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Routledge.
BDO Australia. (2017) Our people. [Online]. Retrieved from:
https://www.bdo.com.au/en-au/our-people.
BDO Australia. (2017) Publication: Global Risk Landscape 2017. [Online]. Retrieved from:
https://www.bdo.com.au/en-au/insights/advisory/publications/global-risk-landscape-2017.
DesJardins, J. R., & McCall, J. J. (2014). Contemporary issues in business ethics. Cengage
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Weiss, J. W. (2014). Business ethics: A stakeholder and issues management approach. Berrett-
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