This literature review identifies the relationship between manufacturing strategies and export performance of big and small firms.
Johnson stated that back in 1960 Australian manufacturing contributed around 25% to the GDP, which got reduced to around 6.8% in the most recent years. The manufacturing in Australia is mostly centered on a few prominent sectors, like food and beverages, petrochemicals, machines and tools, metal products, textile clothing, and footwear. In the most recent years, it can be seen that most of the products manufactured in Australia are exported to the foreign countries. Different industries such as food processing, textile, motor vehicles and automotive industry, chemical industry a few prominent industries, fall under the purview of the manufacturing sector in Australia.
The recent statement of the International Monetary Fund chief Christine Lagarde about the world economic scenario indicates that the largest export market of Australia, namely, China will continue to show a downward trend in the economy. In the current year, the Chinese economy is assumed to grow at 6.9 % in the current year 2016 although the other developing economies, such as India and western countries, such as Europe and America are showing a bit recovered growth rate. It indicates that the Australia needs to rediscover its manufacturing strategy which should be aligned to the markets in these countries.
The current study finds its objectives in the research, which explores any significant correlation between the manufacturing practices and export performance of manufacturing in Australia.
Inhaltsverzeichnis (Table of Contents)
- Literature Review
- Manufacturing Sector in Australia
- Concept of Manufacturing Strategy
- Link between Export Performance and Manufacturing Strategies at Corporate Level
- Globalization affecting Manufacturing Strategy
- Business Environment or External Environment, influencing firm's export performance and Manufacturing Strategy
- References
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This study investigates the correlation between manufacturing practices and export performance in the Australian manufacturing sector. It aims to understand how manufacturing strategies contribute to the success of Australian businesses in international markets.
- The role of manufacturing strategy in enhancing export performance
- The impact of globalization on manufacturing strategies
- The influence of the business environment on export performance and manufacturing strategies
- The importance of cost leadership and pricing strategies in achieving export success
- The link between manufacturing capabilities and corporate objectives
Zusammenfassung der Kapitel (Chapter Summaries)
- Literature Review: Manufacturing Sector in Australia: This section provides an overview of the Australian manufacturing sector, highlighting its historical significance and recent trends. It discusses the key sectors within manufacturing, including food and beverages, petrochemicals, and metal products. The chapter also explores the challenges facing Australian manufacturing, such as the decline in manufacturing's contribution to GDP and the impact of globalization on the sector.
- Concept of Manufacturing Strategy: This chapter defines the concept of manufacturing strategy and its importance in achieving corporate objectives. It examines the various aspects of the manufacturing process, including the transformation of raw materials into finished goods, the role of technology, and the importance of quality management.
- Link between Export Performance and Manufacturing Strategies at Corporate Level: This chapter explores the relationship between manufacturing strategies and export performance. It analyzes the impact of manufacturing strategies on competitiveness, cost minimization, and brand image. The chapter also examines the role of pricing strategies and the importance of adapting to a changing global environment.
- Globalization affecting Manufacturing Strategy: This chapter discusses the impact of globalization on manufacturing strategies. It explores the opportunities and challenges presented by globalization, such as access to new markets, cheap labor, and increased competition. The chapter also examines the importance of forward and backward linkages in manufacturing strategy.
- Business Environment or External Environment, influencing firm's export performance and Manufacturing Strategy: This chapter explores the influence of the business environment on export performance and manufacturing strategies. It examines the impact of government regulations, economic conditions, and other external factors on the success of Australian manufacturing businesses in international markets.
Schlüsselwörter (Keywords)
This study focuses on the relationship between manufacturing strategy and export performance in the Australian manufacturing sector. Key concepts include manufacturing strategy, export performance, globalization, cost leadership, pricing strategy, competitive advantage, and the business environment.
- Quote paper
- Ravi Upret (Author), 2015, The Relationship Between Manufacturing Strategy and Export Performance in Australia, Munich, GRIN Verlag, https://www.grin.com/document/318980
