Business Research And Proposal Management â€Myassignmenthelp.Com

Question: Discuss About The Business Research And Proposal Management? Answer: Introduction The contemporary times have witnessed a rising concern related to Australian context (Burtt and Dargusch, 2015). There has been a sudden lift of 4.1% of dollar value since July thus having a wide range impact upon the social, economic and historical backgrounds. This event has successfully able to pose a positive impact upon the economic condition of the country. It is in due course of lowered US dollar that has given Australia to increase their value. An overall positive impact can be gagged as the rising dollar value has resulted in Australian government to generate greater revenues. This has in turn enabled the nation to experience a growth in the GDP. It was according to the annual reports of 2016 that Australian dollar accounted as the 5th largest in the world (Anderson et al. 2016). Calculating the worlds total daily share of dollars Australia accounts for 6.9% of it. With respect to the foreign trade exchange the Australian dollar seems to occupy a significant and prominent po sition. The government of the said country plays the most important role behind the soaring values of Australian currencies. Increased interest rates are found to be imposed upon the foreign exchange market by the government of Australia which has naturally led to cause rise in their currency values. The greater the diversity working upon the economic systems the better shall be for Australia to improve their currency values. Economic impact related with dollar value enhancement Considering the impact of this phenomenon upon the economic and financial factors of the retailing industry specifically the importing rates are to get reduced drastically (Scollo et al. 2015). The availability of foreign goods and products at cheaper costs shall facilitate the budgets of the customers. An automatic rise in the customer buying behaviour shall be noted in terms of the retailing business scenario. The impacts are not limited to this extent; a tough competitive advantage shall be gained and witnessed within the global market. As the entire retailing industry is likely to experience the same circumstances every specific organisation shall wish to sell the goods at much cheaper rates to beat the other and establish a competitive edge. The other significant factor aligned with the increase in Australian currency value other than the government intervention is the recent drop in the value of US dollars. Be it the customers, the suppliers or the owners a positive impact has befallen upon people residing within Australia (Wardle and Chang, 2015). The people who went from other countries to reside in Australia shall also be equally benefitted as they can purchase foreign commodities at cheaper rates. Impact of frequent currency value fluctuation It is evident from the empirical research that a frequent fluctuation of interest rates with respect to the Australian currency shall have a direct impact upon a number of factors. They are likely to give rise to both positive and negative impacts, depending upon the particular sector under concern. As the heightened value of Australian currency is likely to make the imported product available at cheaper rates which shall enhance the market position. The Australian business shall encounter with achieving greater competitive advantage within the spectrum of global environment. This will ultimately result in experiencing an improvement in the economic state of the nation (Oliva et al. 2014). On concentrating the focus upon the retailing industry the event is likely to have a positive impact by driving the customers to engage into greater buying activities. As the level of competitive advantage rises, the customers get to compare the best prices and avail the products and services at th e cheapest costs possible. Just as the positive impacts of rise of dollar value are enjoyed by the customers of the retailing industry, there lies a simultaneous negative impact upon the associated employees. The elevation in the dollar value in Australia has resulted in the total number of working staffs involved within the retailing sector. The business organisations comprising the said industry have experienced a serious concern related with issues of unemployment. It is not only a negative event for the employees but also equally serious phenomena for the employers (Fleming and Measham, 2015). The increasing unemployment rates have implicated pressure upon the employers as an increased amount of spending shall get allotted for hiring the fresh set of human resources. Government intervention into the issue As the business transactions are intrinsically associated with the government policies and regulations of the particular country such significant national events are bound to have complex impact. The government seems to have a great impact upon the financial and business processes through their policies and regulations. It becomes therefore necessary at times for the government to show effective intervention upon the foreign capital value changing phenomena. It is the foreign exchange rates and the capital invested for the foreign goods and services that determine an enhancement in the foreign cash flow. One of the interrelated and inevitable segments of the retailing business industry is the taxation regulations in relation to them (Brown and Davis, 2015). As the prices of the diverse consumer products are experiencing fluctuation a simultaneous transition is necessary in the taxation policy of the particular nation. Just as the taxation policy related with the Australian retail ind ustry in liable to get altered the economic policies are also to undergo wide number of changes. These transitional processes shall enable in dealing with issues that are intrinsically associated with unemployment. The impact of dollar value increase upon retailing industry In relation with Australian retail industry it can be signified that risen dollar value has enhanced effects upon retailers across the country (Oliva et al. 2016). As the import trade gets facilitated by this factor, a subsequent increased buying power is noted. This enhancement in the buying power is rendered upon the customers. The products and services are getting increasingly lowered on the expensive meter thus ensuring greater buying trends on the part of the customers. Although the export transactions become expensive the buying power within the Australian boundary remains restored. The customers thus experience a wide range of benefits because of the lower price of imports. However, these circumstances give rise to a state of inflation which automatically leads to reduction in the rates of interest (Di Iorio and Faff, 2015). Negative impacts in relation with the issue The economy of the country is gets greatly benefited with the increase in the value of dollar. The native companies encompassing the retailing industry of Australia experience increased profit ranges in terms of their earnings rather than those of the foreign companies. In relation to such a consequence the rates of interest tend to increase with the curve of economy rising up. However, it can be stated that the financial accounting associated with the retail business industry undergo a positive as well as a negative effect (Pollack and Reuter, 2014). The factor of increasing rates of dollar value is indicative of the fact that the nations economy undergoes enhancement. This in turn is considered as a determinant to add to the profitability of the said country. On one hand as the native retailing businesses which originally originate in Australia are encountering with beneficial effects the business foreign to Australian country are suffering with increased export rates. The foreign countries are facing huge losses on transacting commodities with Australia, which is definitely counted as a significant negative impact (Manalo et al. 2015). The corporate earning with respect to these outcomes is greatly disappointed for high rates of Australian dollar as the profit amounts are decreasing in nature. Summary The existing literature in the said context is emphasising upon the fact that Australian dollar plays a significant role in determining the financial and economic systems of the country. With special reference to the retail industry exports, imports, investments on domestic and international levels are affected by the exchange rate fluctuations (Sutton-Brady et al. 2015). Although the past few years were effective in maintaining stability in terms of dollar value the recent years have seen fluctuations with a rise in the value. The move of currencies and their values also result in movement in the prices of the commodities along with the share of companies which are commodity based. The Australian retailing industry is identified as that one sector which is greatly dependent upon transaction and exchange of commodities. However, significant impacts upon the pricing of such commodities which are involved into the mentioned sector are likely to take place. Every sector concerning the A ustralian paradigm is known to be affected through this varying dollar value in a different manner (Speer et al. 2015). One of the most significant factors relevant with the issue is likely to reflect that if the companys exchange rates are affected a subsequent effect is going to befall upon the consumers as well. When the retailing industries of Australia are found to gain in terms of profitability due to increased value of dollars the customers shall be benefited. The consumers shall be able to avail the commodities of their choice at much cheaper rates hence the buying behaviour shall experience a sudden enhancement. The increased competitiveness among the wide range of retailing companies in Australia shall allow the customers to opt for the most feasible option among the varieties (Oliva and MacGill, 2014). However, the level of positivity is found to be more than that of the negative factors related with the issue under consideration. Aims and objectives of the research The primary aim of this research proposal is to focus upon the potential reason and the probable outcome or impact of the increase rate of the Australian dollar in entire economical setup. Another aim of this research proposal is to investigate the feasible impact of the increase rate of dollar on a specific group of people in diverse population like consumers, employees and employers, stakeholders and so on. This research study has another aim to sheds light on the potential challenges or effects on the retail industry which may arise in near future due to the high rate of the Australian dollar. To investigate the recent effects of high value of Australian dollar on retail industry To analyse how this high value of dollar can affect the economical sustainability or entire financial setup of Australia To analyse how the raise in dollar can impact upon the employees, employers, shareholders who are associated with the retail sector To investigate the steps by which the pitfalls of the high value of dollar can be avoided To make research recommendation Research design In order to provide a systematic pathway for executing the research work with ease and efficacy, the basic prerequisite of research work is the choice of an appropriate research design. The research design which is used for this particular research proposal is explanatory in nature. This design strategy can provide adequate help to the researches in exploring the additional and requisite aspects regarding the research questions. By adopting of choosing this research design, researcher can easily investigate or examine the effect of increase rate of dollar on the retail sector of Australia. With an appropriate explanation, the underlying queries regarding the research questions can be made clear and one can easily highlights upon the effect of increase rate of dollar on specified group within a population with proper precision (Fletcher, 2017). Research philosophy Before initiating any research work in successful manner, the fundamental prerequisite is to form a platform, on the basis of which the specified research work is to be taken forward. Appropriate research philosophy can give a supportive structure to the research work that can hold the actual structure or the conception of the research. Research philosophy can be categorised into several components like: positivism, Interpretivism, realism. In accordance to the research context, positivism research philosophy can be taken as suitable. By incorporating positivism research philosophy, the researcher can scrutinise the qualitative information in descriptive manner and can also analyse the research questionnaires without any manipulation or biasness (Rose, 2018). This research philosophy accepts those existing information and the facts which are relevant with the research context and discard those which are irrelevant. Data collection An inductive research approach can be considered as suitable tool by which one can carry out his research work by focusing on specific observation and findings only. Those observations can consider as the best possible way to reach an effective conclusion in accordance to the research context (Fletcher, 2017). This research approach can also provide adequate opportunity to the researcher by which he can frame or formulate additional theoretical conception relevant with the research topic. So, compared to the deductive research approach, inductive research approach can be considered as suitable for this current research proposal which is also known as bottom-up approach. In order to execute the research proposal in a systematic manner, the research follows secondary method for collecting data from genuine sources. For the present research topic, secondary methods are accepted as suitable for retrieving data and information regarding the research topic. More formally, it can be said that, in order to analyse or explore the potential outcome or effect of the increase rate of the value of Australian dollar on the retail sector, existing literature reviews, recent newspaper reports, and articles can be suitable for researcher. Furthermore, all the data which is collected by the researcher regarding the research context must be recorded against close ended survey questions. The close ended research questions can provide ample amount of help to the researcher in evaluating and understanding the positive and negative impact associated with the topic of research. Data analysis procedure In accordance to the research proposal, researcher can analyse the accumulated data by following both quantitative as well as qualitative data analysis procedure. In order to analyse the data in qualitative manner, the information, accumulated from existing literature reviews, articles and journals have to be evaluated and scrutinized by the researcher. On the other hand, by using descriptive statistical tools like mean, median, mode along with standard deviation, the collected data can be analysed in systematic manner. Reference list Anderson, F., Pethick, D.W. and Gardner, G.E., 2016. The impact of genetics on retail meat value in Australian lamb.Meat science,117, pp.147-157. Apergis, N., 2014. 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