Knowledge@Australian School of Business

articles 1 to 10 of 26 more articles

thumbnail Sky Wars: Why Offshore Aircraft Maintenance is a Flawed Strategy
Australian aircraft maintenance is increasingly moving offshore. In a submission to the federal government's Aviation Safety Regulation Review, researchers from the Industrial Relations Research Centre at the Australian School of Business raise concerns about a reliance on foreign aviation authorities to ensure safety standards. And as local jobs disappear, a future skills gap is looming. An expected worldwide shortage of aircraft maintenance engineers will likely increase offshore wages, negating much of the cost advantage of sending the work overseas and affect its viability as the primary means of meeting Australia’s airworthiness requirements.
From: March 10, 2014 thumbnail End Game: Does Australian Manufacturing Have a Future?
Automotive producers have become a bellwether for Australia's manufacturing future. Alan Woodland, a scientia professor at the Australian School of Business (ASB), explains that the car industry is no longer protected by high tariffs and notes an emphasis on producing complete vehicles for the domestic market whereas the fundamental change for manufacturing during the past 50 years has been the level of international trade in components. Tim Harcourt, also from the ASB, stresses that Australia should concentrate on doing what it does best and sees “a lot of new economy in old economy clothes”.
From: October 15, 2013 thumbnail To Be Made Here, or Elsewhere - a Look Inside Outsourcing Decisions
Global companies struggle with decisions on how much to outsource. Too little means an organisation may lose the pricing advantages that can come with using competitive providers worldwide. Too much – or the wrong kind of outsourcing – and quality and knowledge management can suffer. At the Wharton Global Forum in Tokyo, speakers from Boeing, Mitsubishi Heavy Industries, Fujitsu, Tokyo Electron and others discussed their strategies.
From: August 15, 2013 thumbnail What Western Firms Need to Know to Succeed in China
The Chinese market is a glittering prize for foreign companies, but those that hope to prosper need to be aware of a complex labyrinth of government, labour and cultural forces, according to research from Australian School of Business professor Stephen J. Frenkel and PhD candidate Chongxin Yu. Business plans and HR strategies must adapt to the local context and ties with authorities at all levels need to be maintained. Frenkel suggests that returning Chinese students educated in Australia may offer a new bicultural management model for Western firms because these graduates have the advantage of “knowing their own culture, but also knowing us”.
From: August 06, 2013 thumbnail Go With the Flow: Friendship the Key to Business Opportunities in Indonesia
Australia's closest neighbour and 11th-largest export market is being transformed by the spending power of a burgeoning consumer class. Fresh opportunities beckon – beyond the activities of the 250 Australian firms already operating in Indonesia. But it's a fragmented market and Australian School of Business lecturer James Bartle warns that the differences in culture and business practices compared with Australia cannot be underestimated. Local customs must be respected, negotiations can move slowly and strong personal relationships are crucial. “Doing business in Indonesia is not really based on technical skills and know-how, but on building up friendships with potential business partners,” Bartle says.
From: August 06, 2013 thumbnail Skipped Out on Your Restaurant Reservation? That Will Be $200, Please
No-shows are a rampant problem in the restaurant industry, costing businesses wasted time and money. Some restaurants have started to experiment by charging "no-show fees" to consumers who fail to appear. In a new paper, Wharton PhD student Jaelynn Oh and operations and information management professor Xuanming Su use a game theoretic model to suggest that many restaurants could maximize profits by punishing customers who don't show up for their reservations and rewarding those who do.
From: June 18, 2013 thumbnail Finding a Common Language for Disaster-resistant Supply Chains
When Iceland's Eyjafjallajökull volcano erupted in 2010, airline flights across the Atlantic were disrupted for days, and global supply chains for products like fruits and fresh flowers were severely interrupted. When a tsunami and nuclear meltdown hit northern Japan in 2011, automakers and electronics manufacturers in Asia and North America lamented that some key suppliers could not comply with their delivery dates, forcing slowdowns in their production scales and frustrating buyers. In these cases and others, many companies have been stymied by the fact that there was no way to forecast where and when the next natural disaster would occur.
From: February 27, 2013 thumbnail Driving Down Costs: Toyota Takes Lean Efficiencies Beyond Japan
Until recently, Toyota had long been the world's top car-maker and it rose to that position by using lean production methods. Its Toyota Production System, which pivots on continuous improvement and respect for people, became a best-practice management phenomenon, copied by many in a wide range of sectors. But questions have arisen over such silver-bullet theories of business excellence. And what happens when a proven and spectacularly successful method is moved to a different business environment outside Japan? Researchers from the Australian School of Business have been exploring the upshot of Toyota's manufacturing shift to Thailand, a lower-wage economy with less consideration for its labour force.
From: September 18, 2012 thumbnail The Freelance Imperative: IBM Blazes the Trail for a Liquid Workforce
In the brave new world of work, only executives with strategic roles and those who interface with clients may have regular jobs as the remaining workforce jostles for position in the "talent cloud". In a radical restructuring of its German workforce, international tech giant IBM is a trailblazer with a more flexible approach. Big Blue plans to pick and choose between freelance workers who will market themselves, project-by-project, via a professional eBay-style platform. This new model will not only cut costs and have clear implications for managers. Experts say it will also make workers' future employment more dependent than ever on digital profiles.
From: September 04, 2012 thumbnail Is China's Senior Care Housing Industry Ready to Mature?
China's looming need for services and facilities to cater to its fast growing population of seniors seems to present an ideal business opportunity: Demand clearly outstrips supply, and the government is welcoming foreign and private help in this area. The government's current "Five Year Plan" names senior care as a high priority issue. The key missing factor, so far, has been a successful business model.
From: July 09, 2012

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Knowledge@Australian School of Business