Contents
Question 1- Analysis and Implementation of Competition and
Consumer Act
Competition and Consumer Act Strategies
Documentation of Company’s Policies
Question 2- Analysis of Bungee World Limited (BWL)
Dangerous Recreational Activities
Question 3- Analysis of National Employment Standards (NES)
National Employment Standards (NES)
ii. Flexible
working arrangement
iii. Parental leave
and other entitlements
v. Personal and
Compassionate Leave
ix. Termination
and Redundancy Pay
x. Fair Work
Information Statement
Eligibility of National Employment Standards
Responsibility of HR Managers in NES
Question 4- Analysis of Unconscionable Conduct
Application of Unconscionable Conduct Provision
Remedy for Unconscionable Conduct
Question 1- Analysis and Implementation
of Competition and Consumer Act
Competition and Consumer Act Strategies
In order to explore the provisions in Competition and Consumer Act 2010, we
have considered the example of Toyota Australia, one of the leading automotive
company in the world. Toyota is one of the largest vehicle manufacturers and has
almost 50 oversees companies in 26 countries. The company operates the
following strategies to promote the perfect competition in market.
(a) Quality
Toyota considers the quality of the
product as strategic importance so they have implemented Kaizen strategy in
executing its operations. It facilitates continuous improvement and a
commitment to deliver quality product to its customers (Moden, Hamad). Further,
they have also implemented a lean manufacturing strategy which reduces the
wastages in manufacturing process and promotes quality at initial stage (Toyota
Motor Corporation Australia Limited, 2016).
(b) Safety
Safety is one of the major factor in
automobile industries, so in order to build safe cars, they analyze the actual
cause of road accidents to implement a real safety measures in its
manufacturing. Toyota conducts an extensive road crush test which helps them to
design a safe car. In order to facilitate this, they also research on driver’s
behavior which may lead to accident and which helps them to design and develop
a car which supports the safety of the driver first (Toyota Motor Corporation
Australia Limited, 2016).
(c) Innovation
Toyota operates in a Kaizen strategy
where they give strategic importance to continuous improvement. The company
believes that the environment is more complex and innovation could help the
company to promote its brand and maintains a key position in automobile market.
In order to facilitate this, they have developed advanced injury stimulation software
to measure the injuries during accident. Further, they have also moved towards
a hybrid structure which promotes an energy saving strategy (Toyota Motor Corporation
Australia Limited, 2016).
Documentation of Company’s Policies
Toyota have properly documented all the
policies in SOPs and have published it on company’s website so that the
consumers would have enough idea about the company’s strategy and how it adhere
to international standards to satisfy their customers. Apart from a formal
documentation, they have also implemented a culture of quality, safety and
innovation where all the staff work together to achieve continuous improvement.
Promotion of Competition
In order to protect the rights of
consumer, it is very important that legislation shall promote a prefect
competition strategy where all the companies in industries work together to
provide a cost-effective innovative product to the normal consumer (OECD, 2010).
Toyota adopts quality, safety and
innovation to promote the competition in industry. It will tend other
organizations in the same industry to adopt quality, safety and innovation to
retain and attract customers. If other organizations fail to adopt this
strategy then it will threaten the survival of the company. On the other hand,
Toyota attract executive class customers because the price of its vehicles are
comparatively higher than other providers in the industry, so in order to
survive in the market, Toyota shall exerts its focus of cost minimizing
strategies to achieve a substantial market share.
Recommendation
Toyota strongly focus on the quality,
safety and innovation of the product which is quite expensive and tends the
consumers to bear higher prices for the product, so it is necessary that the
organization shall focus on cost reduction strategies which reduce the cost of
the product and enable them to offer a quality product at reasonable price to
their customers. Toyota shall bifurcate its costs into two categories; the
first one shall focus on major areas, i.e.; innovation &safety, and shall
not adopt cost cutting strategies on such areas because of their strategic importance.
Further, the second area would be administrative activities where the company
can implement cost cutting strategies
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