Corporate Structure of Yamaha - 23785 Words

October 28, 2010 Message from the President Management Emphasis on CSR Yamaha Corporation Group CSR Policy Group-wide Quality Management System Corporate Governan Compliance Group-wide Quality Assurance Structure Quality Management System Quality Risk Management Quality Improvement Measures Stronger Customer Support System Improving Convenience by Standardizing Customer Helpdesks Policies for Retained Earnings and Returns to Shareholders Proactive Investor Relations Efforts to Promote Understanding of the Company Inclusion in Socially Responsible Investment Indexes Initiatives for Employees Basic Policy on Hiring and Employment Job-Tailored Training and Education Systematic Transmission of Skills Initiatives for a Better†¦show more content†¦In April 2010, we launched our new medium-term management plan, Yamaha Management Plan 125 (YMP125), under which we will aim to create the foundations for future growth in the lead up to Yamaha s 125th anniversary in 2013. We also established a vision for what Yamaha should be: a trusted and admired brand, with operations centered on sound and music, and an achiever of growth through both products and services. Promoting CSR-oriented management is a crucial component of our effort to be a trusted and admired brand. CSR-oriented management as practiced by the Yamaha Group is distinguished by the fact that we contribute to the development of musical culture and the enrichment of society through our business activities themselves, not as an afterthought. By making the most of Yamaha’s strengths to provide products and s ervices that satisfy all customers who love music, we can contribute to the development of musical cultures and enrich lives worldwide. In tandem, as the Yamaha Group develops operations on a global scale, we believe it is vital to do our part to address the issues faced by local communities, as well as worldwide concerns such as global warming and biodiversity. The Yamaha Group will continue promoting efforts to address social problems in a variety of ways, focusing on those activities best suited to the particular nature of our businesses. We will make efforts to support cultural and educational development in each region, use raw materialsShow MoreRelatedYamahaa Customer Satisfaction1058 Words   |  4 Pages Yamaha fully satisfies its customers by offering quality products and services that incorporate new traditional technologies as well as refined creativity and artistry .Yamaha delivers proper returns to shareholders by ensuring a solid business performance and achieves last ing development through transparent and sound management .Yamaha strives to be an organization where each person’s individuality and creativity are respected and all can demonstrate their full potential through their work. YamahaRead MoreStrategic Management and Honda3539 Words   |  15 Pagesprepared by Research Assistant, Sonali Krishna, under the direction of Associate Professor J.Stewart Black as the basis for class discussion. She was an Indian woman. With the interesting title â€Å"The Honda-Yamaha War† she is using several of the half of statement issues about the Honda and Yamaha circumstances. Honda  is a multinational corporation, engine manufacturer and engineering corporation headquartered in  Tokyo,  Japan. In 1949 it began producing motorcycles, and ten years later, the companyRead MoreYamaha Motorcycles Is Innovation the Main Driver for Sustaining Competitive Advantage?21109 Words   |  85 PagesYAMAHA  MOTORCYCLES  Ã‚ ­Ã‚  IS  INNOVATIO N  THE  MAIN  DRIVER   FOR  SUSTAINING  COMPETITIVE  ADVANTAGE?   TABLE  OF  CONTENTS   1.0 ABSTRACT 2.0 INTRODUCTION 2.1.0 STUDY CONTEXT AND PURPOSE 2.1.2 RESEARCH OBJECTIVES AND PROCESS 3.0 LITERATURE REVIEW 3.1.0 THE ROLE OF INNOVATION WITHIN A CORPORATION 3.2.0 CREATING SUSTAINED COMPETITIVE ADVANTAGE 3.4.0 BUYER BEHAVIOUR 3.4.1 DIFFUSION OF INNOVATION WITHIN BUYER BEHAVIOUR 3.5.0 PROPOSITIONS 4.0 METHODOLOGY 4.1.0 METHODOLOGICAL APPROACH 4.1.1 QUALITATIVE VS. QUANTITATIVERead MoreNew Balance Case Study: Capabilities and Resources1384 Words   |  6 Pagesprofit for 20 years (until 2007) * Downturn in the last year (2008) * Limited ability to invest in technology and new products due to smaller corporate sizes and inability to share research expenditure across cars and bikes iv) Organisational * Flatter and more team-based organisational structure, which provides better flexibility and effectiveness b) Intangible resources: ii) Human: * High level of employees’ loyalty and commitmentRead MoreKtm Case Study3661 Words   |  15 Pagesworldwide workforce is under 32 and most of them are motorcycle enthusiasts. The work environment is characterized by democratic decision making, a relatively flat hierarchy, a shared vision and strategy and open door policy. In other words lean structure and labour consisting of the motorcycle fans living the lifestyle of the customers. Marketing Through sponsoring all major races and championships are building a strong brand name of â€Å"ready to race†. The distinctive appearance and characteristicsRead MoreHarley-Davidson Inc. Case Study3790 Words   |  16 Pagesan analyst at the auto-pricing researcher TrueCar.com also claimed that â€Å"Market-share loss is never positive, but the U.S. automakers are still going to grow,†Ã‚  and â€Å"They can’t lose sight of their new emphasis, which has been improving their cost structures, making cars people want to buy and selling the product instead of the incentive.† U.S.automakers led by  General Motors Co. (GM)  may lose share in their home market this year, a setback that might be assuaged by holding onto some of their gainsRead MoreKtm Case Study3668 Words   |  15 Pagesworldwide workforce is under 32 and most of them are motorcycle enthusiasts. The work environment is characterized by democratic decision making, a relatively flat hierarchy , a shared vision and strategy and open door policy. In other words lean structure and labour consisting of the motorcycle fans living the lifestyle of the customers. Marketing Through sponsoring all major races and championships are building a strong brand name of â€Å"ready to race†. The distinctive appearance and characteristicsRead MoreBMW Motorcycles Developing a Strategy for Distribution Channel Management2810 Words   |  12 PagesFollowing a clear strategy. Goals we have attained are in essence the point of departure for new challenges. This is the philosophy that inspires every individual at the BMW Group. It influences the companys structure and it plays a vital role in the decision-making process. Our corporate ethos finds its expression in the uncompromising pursuit of the superlative. The result? Outstanding brands with an unmistakable profile. Automobiles and motorcycles which fascinate people all over the world andRead MoreHarley Davidson Tows Matrix1319 Words   |  6 Pagesgeneration of riders by offering more buyer incentives at competitively low rates all while keeping costs down and shareholders’ pockets lined. This paper will focus on these issues broken into four major sections (industry analysis, company analysis, corporate-level strategy and competitive strategy). Porter’s Industry Analysis Definition: The five forces model helps managers understand the competitive intensity of an industry identify competitive advantages given industry competition. a. CompetitiveRead MoreEnvironmental Scan1442 Words   |  6 Pagesleading motorcycle companies that have applied technology to their image thus making it stay competitive. The organization possesses a lot of internal resources that strengthen their long-term strategies. It has a great corporate structure that counts as amongst the first divisional structure that used just in time inventory strategy. It is involved in a diversified kind of business that not only includes motorcycles but also includes other related products and financial services. Moreover, the company’s

Trait Theory and Brand Personality Framework - 1679 Words

This paper discusses about Trait Theory and Brand Personality Framework in personality. Details of the two theories will be explained first, along with some real examples of how firms make use of personality traits to strengthen their brands. The shortcomings of the two existing theories will then be analyzed, and some measures developed by recent researchers will be introduced in order to overcome the weaknesses. I chose this topic because I am interested in psychology and personality traits. Many personality tests usually try to figure out interviewee’s personalities by asking questions regarding their behavior. This topic has a similar concept, but it is inversely about how marketers use personality theories to predict consumer’s†¦show more content†¦As a result, the framework does not generalize to situations in which analyses at the individual brand level and/or situations in which consumers are an element of differentiation. Because the latter is the top ic of a majority of practitioners’ research, this is a serious boundary condition. The third one regards the non-replicability of the five factors cross-culturally (Azoulay Kapferer, 2003). For example, Aaker et al. (2001) found that only three of the five factors (Sincerity, Excitement, and Sophistication) applied in Spain. Peacefulness replaced Ruggedness and Passion replaced Competence. In Japan four of the five factors emerged, in which Peacefulness again replaced Ruggedness. This discrepancy led some researchers to construct a country-specific brand personality scale. For examples, Bosnjak et al. (2007) developed a German scale, Milas and MlaÄ ić (2007) a Croatian one, and Smit, van den Berge and Franzen (2002) a Dutch one. In response to the above weaknesses, a new brand personality measure has recently been developed by some researchers to alleviate the problem. It consists of twelve items and five factors: Activity, Responsibility, Aggressiveness, Simplicity, and Emotionality. The new measure proved to be more reliable forShow MoreRelatedEffects Of Self Congruity And Multifactorial Gender Identity Essay1684 Words   |  7 PagesResearch suggests that as time goes on, more products are becoming gendered and fewer domains remain undifferentiated (Fugate Phillips, 2010), and that once a brand has an established brand gender is it increasingly difficult to open to new audiences without alienating the current targeted market (Debevec Iyer, 1986). If a gendered brand wants to appeal to a new market, they must hyper-gender it in the opposite direction to counteract the previous branding, making it clear that it is a separateRead MoreConsumer Behavior And Its Effect On Influencing Brand Recognition2427 Words   |  10 Pagesconstruct brand personality has received a considerable amount of attention, defined in Aaker’s (1997) article as the â€Å"set of human characteristics associated with a brand†. This idea is well accepted by most proactitioners and marketing academics (Aaker, 1997; Carr, 1996; Duboff, 1986; Durgee, 1988; Kassarjian, 1971; Levy, 1959; Ogilvy, 1988; Plummer, 1985; Sirgy, 1982) for decades, and now has become an important topic of marketing research because of its implementation in consumer behavior theory: differentiatingRead MoreThe Influence of Personality in Consumer Behavior2472 Words   |  10 PagesIntroduction Personality is defined by Schiffman (2008) as that the unique dynamic organization of characteristics of a particular person, physical and psychological, which influence behavior and responses to the social and physical environment. It seems that consumer purchases are always influenced by their personality as many marketers thought. Therefore, many marketers make use of personality traits into the advertisement of products. However, some experts highlighted that the influence of personalityRead MoreFactors Affecting Consumer Behavior Of Consumers1294 Words   |  6 Pageswere divided into 4 groups: Factors affecting consumer behavior A. The cultural elements 1. The culture: the first factor is that entrepreneurs need to consider when you want to penetrate a market is defined earlier as it is fundamental specific trait of an entire country and also is the decisive factor in the buying behavior of consumers. At each different countries will have different culture, so entrepreneurs need to be cautious when choosing a marketing strategy to suit each market where theyRead MoreThe Punk Rock Movement3035 Words   |  13 Pagesrelevance, strengths and weaknesses as a brand. John Lydon - also known as Johnny Rotten - is a singer, musician and songwriter, famous for being the lead singer of the Sex Pistols (1975-1978) and of the Public Image Ltd (PiL) (1978-present). This report mainly focuses on Lydon s experience in PiL, which represents the longest part of his career compared to Sex Pistols relatively short life. Although the literature recognises that artists can produce powerful brands, the separation between art and businessRead MoreThe Theory Of F. Herzberg Engine1687 Words   |  7 Pages- The theory of F. Herzberg engine Frederick Herzberg has developed theory of two-factor to distinguish the factors causing dissatisfaction (hygiene factors) and the factors that create satisfaction (motivators). This theory has two implications. First, the seller must restrain factors causing dissatisfaction, such as poor quality user manuals or services. These de-motivators do not help sell services/ products but they can make the products/services cannot be sell. Secondly,hospitality organizationsRead MoreConsumer Behavior2876 Words   |  12 Pagesmethodology used to study consumer behavior; it takes place at every phase of the consumption process: before the purchase, during the purchase, and after the purchase. Consumer behavior is interdisciplinary; that is, it is based on concepts and theories about people that have been developed by scientists in such diverse disciplines as psychology, sociology, social psychology, cultural anthropology, and economics. Consumer behavior has become an integral part of strategic market planning. The beliefRead MorePolitical Communication Concepts : Hillary Clinton s Campaign1614 Words   |  7 Pagesmessage and to counter the message of one s rivals. Governments likewise utilize promulgation systems to fabricate bolster for strategies and smother disagree. Chomsky and Herman s (2002) purposeful publicity model of the media portrays the media framework as having a progression of five progressive channels through which the crude material of news must pass, leaving a scrubbed deposit of what news is fit to print, marginalize[ing] contrary opinion (Brahm, 2008). Exemplary meaning of politicalRead MoreThe Impact of Colour on Consumer Buying Decision4178 Words   |  17 Pagesinfluence in the Consumer Buying Decision. Colour can dramatically affect moods, feelings and emotions. It is a powerful communication tool and can be used to signal action, influence mood and cause psychological reactions. Building on Grice’s (1975)theory of â€Å"conventional implicature†, the consumers react favourably to unusual colours or flavour names (e.g., blue haze or Alpine Snow) because they are essentially assuming that the market convey some useful information. Specifically, since consumersRead MoreMarketing Systems And Community Engagement Theories Essay1495 Words   |  6 Pageswill provide an insight into marketing system and community engagement with the help of different theories. Further the case of Milo cricket program for kids will be discussed along with the application of event sequencing map method to explain those marketing system and community engagement theories. Few videos of milo cricket programs have been selected to provide a link of those events to the theories used. LITERATURE REVIEW

Essay about The Civil Rights Movement in the USA - 1293 Words

The American declaration of independence stated, that: â€Å"All men are created equal†. But in the 19th century only whites were born with equal opportunities. Africans were imported as slaves and had to work on the fields of the whites. Until 1865 the Negroes were treated and looked at as something lower than human. They were compared to apes, and therefore just owned the same rights as animals. They were raised believing that whites were superior. It took them years to realize that they have to stand up for their rights. The uprising turned into a brutal civil war. After the war, the slaves were freed. The thirteenth, fourteenth and fifteenth amendment of the U.S. constitution prohibited slavery, discrimination and denegation of the right†¦show more content†¦This was considered illegal and Plessy got arrested. Plessy chose to fight his case in court, because the segregation laws violated the fourteenth amendment. Four years later, the case was brought to the Supreme Court. The justices ruled against Homer Plessy. Their decision was that segregation is legal as long as equal facilities were provided. Justice Henry Billings Brown summarized, The object of the [Fourteenth] amendment was undoubtedly to enforce the equality of the two races before the law, but in the nature of things it could not have been intended to abolish distinctions based upon color, or to endorse social, as distinguished from political, equality. . . If one race be inferior to the other socially, the Constitution of the United States cannot put them upon the same pl ane. This was the opinion of most Justices and the majority of the white population at that time. From this quote you can see how the people still believed that the races were not the same and had to be kept separate. This was considered normal in the court and in the social life. The fact, that the races were not treated equally, even though stated within the law, was ignored by the white population. The ruling of the Supreme Court in this case became law. It did not gain the Negros any more rights or equal opportunities. Still, it was the first step towards desegregation. It also made people realize that there was still injustice between the races. Justice JohnShow MoreRelatedThe Cold War Civil Rights Movement1660 Words   |  7 Pagesmind, their pride played a heavy factor in the determination of them reaching that goal or falling short. In many instances, the pride of many outweighed that of the main contributor and history was changed in the course of it. The Cold War Civil Rights movement is an excellent example of when pride gets the best of us and we act on it without thought.† The external struggle of two powerhouse nations led all attention to the elaborate details of those countries, while the internal struggle within thoseRead MoreThree Representations of Effective Peaceful Protests in Securing Civil Rights in the USA1378 Words   |  6 Pagessecuring civil rig hts in the USA Representation 2 is the best representation in showing how effective peaceful protest was because it has the best accuracy since it’s a history book, for example â€Å"In 1961, 26 year old African-American teacher† this is an accurate report, moreover the source has good comprehensiveness and covers most of the events of the civil rights in the USA. However, Representation 1,2 and 3E all represent how effective peaceful protest was in securing civil rights in the USA. AllRead MoreCivil Rights971 Words   |  4 PagesCivil Rights The struggle for equality has been a battle fought for hundreds of years amongst Native Americans, African Americans, and Mexican Americans. When we hear the words civil rights often we conjure images of Martin Luther King Jr. delivering his soul-stirring â€Å"I Have a Dream† speech before the nation’s capital. The truth is, minorities have been fighting for their civil rights way before the 1950’s in fact it dates way back to the early 1880’s when Native Americans lost their lands,Read MoreHow Far Was Peaceful Protest Responsible for the Successes of the Civil Rights Movement Int He Years of 1955-64?1324 Words   |  6 PagesHow far was the peaceful protest responsible for the successes of the civil rights movement in the years of 1955-64? During 1955-64 USA was still going through racial inequality between whites and blacks. Black campaigns such as Student non-violent coordinating committee, felt that the civil rights movement was too slow and hence needed something to boost them up in order to succeed what they first rose up for, which was desegregation and equality for all. King was a highly charismatic and a giftedRead MoreThe Civil Rights Movement Of The United States1668 Words   |  7 PagesThe civil rights movement in the USA in the 1950’s and 1960’s.can be termed as a democratic movement. The basic reason behind this was the discrimination of the African-Americans that were enslaved and did not have citizen rights. The African-Americans protested greatly against their injustice. The birth of the civil rights movement was before the 1954 Supreme Court’s decision on Brown versus Board of Education (Topeka) which stated that separate but equal schools was against the Constitution. FromRead M oreTo What Extent Was Grass Roots Activism a Significant Reason to Why the Civil Rights Movement Grew in the 1950s and 1960s1394 Words   |  6 Pagesthe Civil Rights Movement Grew in the 1950s and 1960s The civil rights movement grew for a number of reasons during the 1950’s and 1960s. Prior to this select time period America were fighting in the Cold War and many black soldiers battled in the name of ‘freedom’. This was ironic as these black soldiers were fighting for something that they didn’t even have back home. Often Black soldiers talked about the ‘Double V Campaign’; this was referring to victory in the war and victory for civil rightsRead MoreNon Violent Protest And The Civil Rights Movement922 Words   |  4 Pagesof people experiencing racial, ethnic, gender, social, and economic disparities. Peaceful demonstrations such as the civil rights movement led by Martin Luther King Jr., Gandhi’s Indian independence movement. 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King wasRead MoreEssay on The Success of the Civil Rights Movement651 Words   |  3 Pages Although there was significant improvement in the lives of black people through the Success of the civil rights movement by the late 1960s, there were also some failures and aspects that the civil rights movement had not achieved. These failures were social, economical, political and cultural. These failures included the fact that some laws were not upheld. Black people saw this as an injustice and inconvenience and as a failure economically. There was unemploymentRead MoreEssay about The Battle of Ole Miss1600 Words   |  7 Pagesthe Univeristy of Mississippi, ‘Ole Miss’, and desegregate education in the state most resistant to integration of educational institutions, has become a crucial episode in civil rights history. Ole Miss transformed Mississippi politics and contributed to a cultural shift in the region, as well as invigorated local civil rights activists and those in neighboring states 1. The historic showdown between James Meredith and the University of Mississippi gives perspective on the place of African-Americans

Role and Consequences of Investment

Question: Discuss about the Role and Consequences of Investment. Answer: Introduction: The reported paper reviews the existing economic structure of the Australian economy and the function of the Federal government to manage the proceedings. Through the identification of four specific economic indicators such as economic growth (GDP), the rate of unemployment, inflation and trade, an outline of the target values determined by the Federal government and the Reserve Bank of Australia (RBA) has been presented following the trends in the previous decade or so (Freebairn, 2007). By considering the targets values of the identified economic indicators, the existing macroeconomic policies of the RBA and Federal Government of Australia such as fiscal policy and monetary policy have been described in the limelight of economic environment (Capie, 2015). Moreover, the efficacy and suitability of the identified macroeconomic policies have been analysed in context to achieve the targets of the four identified economic indicators (Kuo, Lee and Fang, 2014). Apparently, at the end of t he discussion specific conclusion and recommendation have been drawn to achieve target values for the four identified economic indicators. Description of the four economic indicators The current economic structure of Australia can be identified through the four crucial economic indicators and their performance over the past ten years (Foster, 2015). Under the existing scenario, the RBA and Federal Government of Australia have an economic growth target of 3.3 percent to be precise. Also, the target for the rate of unemployment is below 5.7 percent. Furthermore, the rate of inflation has been targeted around 1 percent. Invariably, the targeted current account deficit consensus is AU$19750 million (Abs.gov.au, 2016). Figure: Australian the Gross Domestic Product (GDP) (2006-2016) Source: (Abs.gov.au, 2016) According to data released by the Australian Bureau of Statistics (ABS), in 2015 the Gross Domestic Product (GDP) of Australia was registered worth US$1339.54 billion which is 2.16 percent of the global GDP. As shown in the above graph, since 2009, the GDP of Australia has been increasing in a staggered pattern posting the highest in 2013 (Abs.gov.au, 2016). Figure: Australian GDP Growth Rate Source: (Abs.gov.au, 2016) Also, as far as the GDP growth rate is concerned, the Australian economy is convincingly bouncing back. In the past four years, the revised GDP growth has shown improvement in the first quarter in 2016. The growth rate has been registered to be 1.1 percent QoQ basis whereas the YoY growth rate speeds up to 3.1% (Abs.gov.au, 2016). Figure: Australia Unemployment Rate Source: (Abs.gov.au, 2016) According to the target of the RBA and Australian government, the seasonally adjusted rate of unemployment has fallen to 5.7 percent as the revised data issued in July of 2016. In 2016, the Australian economy has added 26200 jobs (Abs.gov.au, 2016). Clearly, after 2008, the job market of Australia has seemed to pick up the pace creating more employments. Figure: Australia Inflation Rate Source: (Abs.gov.au, 2016) Under the current scenario, the inflation rate of 1 percent registered in June of 2016 is comprehensively the lowest since 1999 (Abs.gov.au, 2016). Unexpectedly, the CPI rose to a considerable margin in the last quarter of 2015 to 1.7 percent. Meanwhile, the current rate of inflation is in line with the RBA targets. Figure: Australia Trade Balance Source: (Abs.gov.au, 2016) Considering the Australian trade data, the trade gap has been registered as AU$2.41 billion in 2016. The trade gap has reduced due to rise in export by 3 percent to AU$26.42 billion in compared to import of AU$28.84 billion (Reserve Bank of Australia, 2016). Figure: Australia Total Gross External Debt Source: (Abs.gov.au, 2016) As shown in the graph figure, the total Gross External Debt in Australia has surged to AU$1941405 million in 2016 reaching all time high. Moreover, the data released by ABS has confirmed that the current account deficit is AU$15535 million in compared to the revised data of AU$14899 million in 2015 (Reserve Bank of Australia, 2016). Invariably, the consensus was AU$19750 million. Meanwhile, the trade data determines the value of Australian dollar which is equal to US$0.7678 each. Current macroeconomic policy in Australia and its effectiveness The government of Australia has focused on three primary economic objectives after the global financial crisis in the year 2008. The three primary economic objectives are to maintain domestic balance, external balance and financial growth in a single economic framework (Jonson, 2015). The macroeconomic policy of the government is used to minimise the influence of international trade downturn by controlling the demand and supply in the nation for a sustainable growth of the country (Treasury.gov.au, 2016). The macroeconomic goals of the Australian government are to seek high and balanced economic growth rates, lower inflation rate, lower unemployment, and maintain a stable and manageable Balance of Payments. Furthermore, the Australian Government aims to minimise recession in the regional market by controlling the demand and supply of commodities in various industries of the country. In order to achieve its macroeconomic goals, the authorised heads use two different macroeconomic tools known as monetary policy and fiscal policy. The monetary policy is used to control the supply of money in the Australian market. The Reserve Bank of Australia is responsible to maintain the monetary policy in the country. It mainly involves the setting of interest rates of loans in the money market. It helps to control the supply of money in the market and control investment on new projects (Connolly and Gustafsson, 2013). On the other hand, Fiscal Policy presents the government spending that are used to control inflation and unemployment rate in the nation. Along with that, the fiscal policy is also used to control the demand and supply of a commodity in the market that helps to control the price fluctuat ions (Smales, 2015). The decision of the fiscal policy is made by the Commonwealth Government after passing Bills. Furthermore, the Fiscal Policy is mainly used to stabilise the business cycle and control the economic balance. Hence, it can be seen that both of these macroeconomic policies work together to meet the challenges of economic development. It can be seen that the major issues for the Australian government is the growing population. It has been estimated that the population will increase by 15 million by the end of 2030. Hence, the population of the country is getting aged due to increase in the mortality rate in the nation. Hence, the Australian Government has made necessary changes in the taxation policy to support the changing needs of the aged population and seek a sustainable tax system (Donnelley, 2010). Furthermore, we can see a rise in the tax rate for younger population in the recent years that increases the governments earning, but reduces the investment opportunities of the people. Along with that, the Australian government has introduced subsidies and tax relief for the entrepreneurs investing in technological development (Pervaiz and Chaudhary, 2015). The fiscal policy for the new entrepreneurs has been introduced to enhance development and promote business opportunities in the country. Now, considering the monetary policy of the Australian Government, it can be seen that the Reserve Bank of Australia has reduced the interest rates from around 5 percent in the year 2010-11 to around 1.5 percent in the year 2015-16 (Reserve Bank of Australia, 2016). A diagram has been presented below for better understanding. Figure: RBA Interest Rate Source: (Global-rates.com, 2016) Hence, it can be seen from the above analysis that the Australian Government has made necessary macroeconomic reforms to improve the economic balance in the nation (Carmichael and Dews, 2007). Currently, a better economic growth can be evident in the country. Along with that, the unemployment rate has also decreased in the recent years as compared to the rates during the global financial crisis (Scutt, 2016). Furthermore, the country has been able to control the inflation rate after the global financial distress. Hence, it can be seen that the macroeconomic policy of the government of Australia was effective in achieving the economic goals of the country. Conclusion In the underlying section some of the crucial recommendations have been made to achieve the targets of GDP growth, unemployment, inflation and trade outcomes of the Australian economy. Cutting rate of interest under the Monetary Policy: Under the Monetary Policy of the Reserve Bank of Australia, interest rate cut can be an instrumental option to boost the Australian dollar. In this way, the government can support the employment, growth structure and trade outcomes in a successful way. Cutting tax rates under the Fiscal Policy: Similarly, tax rate cuts under the Fiscal policy measures can boost the Australian currency to reduce unemployment, rate of inflation and trade deficits in a considerable way. Improve Demand and supply side policies in Labour Market: Apparently, advanced demand and supply side policies must be enforced in the labour market so that structural unemployment can be reduced significantly controlling the rate of unemployment. Promote Government Subsidies: Last but not the least; by offering government subsidies, the domestic industries can contribute towards GDP growth in a substantial margin The above discussion can clarify the fundamental economic strength of Australian economy as the data evidence is quite magnificent for further growth perspective. Meanwhile, the global uncertainties and lack of industrial output have forced Australian economy towards financial threats. Understandably, the RBA and Federal government must identify the effects of global uncertainties on the GDP growth rate, unemployment structure, rate of inflation and trade outcomes. Also, the role of Australian dollar will be evident in this situation. Clearly, more strategic provisions and policy measures must be identified to achieve the targets related to the four recognised economic indicators. References Abs.gov.au. (2016).Australian Bureau of Statistics, Australian Government. [online] Available at: https://www.abs.gov.au/ [Accessed Sep. 2016]. Capie, F. (2015). Trust, Financial Regulation, and Growth.Australian Economic History Review, 56(1), pp.100-112. Carmichael, J. and Dews, N. (2007).The role and consequences of investment in recent Australian economic growth. Canberra: Australian National University. Centre for Economic Policy Research. Connolly, E. and Gustafsson, L. (2013). Australian Productivity Growth: Trends and Determinants.Australian Economic Review, 46(4), pp.473-482. Donnelley, L. (2010).International capital movements. Providence. Foster, J. (2015). The Australian Multi-Factor Productivity Growth Illusion.Australian Economic Review, 48(1), pp.33-42. Freebairn, J. (2007).Recent Australian economic growth. Canberra: Australian National University, Centre for Economic Policy Research. Jonson, P. (2015). Monetary Policy and Macroprudential Policies.Australian Economic Review, 48(2), pp.190-191. Kuo, K., Lee, C. and Fang, C. (2014). Free Trade and Economic Growth.Australian Economic Papers, 53(1-2), pp.69-76. Pervaiz, Z. and Chaudhary, A. (2015). Social Cohesion and Economic Growth: An Empirical Investigation.Australian Economic Review, 48(4), pp.369-381. Reserve Bank of Australia. (2016).Monetary Policy. [online] Available at: https://www.rba.gov.au/ [Accessed Sep. 2016]. Scutt, D. (2016).Australian economic growth is roaring. [online] Businessinsider.com.au. Available at: https://www.businessinsider.com.au/australia-q1-gdp-report-2016-6 [Accessed Sep. 2016]. Smales, L. (2015). RBA Monetary Policy Communication: The Response of Australian Interest Rate Futures to Changes in RBA Monetary Policy.SSRN Electronic Journal. Treasury.gov.au. (2016).Treasury Home Page | The Treasury. [online] Available at: https://www.treasury.gov.au/ [Accessed Sep. 2016].