MGT501 – Business Environment
Executive Summary
Senko Logistics Australia Pty. Ltd Business, which deals with freight delivery and is the largest transport company, has contributed to the growth of the service industry globally. In Australia, the company’s headquarters are in Melbourne. Production, distribution, sales, and marketing, as well as human resources and finance, which are crucial to functioning, are the primary functional areas that Senko Logistics Australia Pty. Ltd works with. Owners, the board of directors, investors, and workers are Senko Logistics Australia Pty. Ltd internal stakeholders. These stockholders have a direct impact on the company. The government, community, consumers, suppliers, and creditors are the external shareholders. These stockholders have indirect influence on the Senko Logistics Australia Pty. Ltd company. A stakeholder matrix may be used to assess the various interests and impacts that the stakeholders have on the business. The economies of Australia are heavily dependent on the expansion of service industry businesses.
Introduction
According to the Corporation Act 2001, Senko Logistics Australia Pty. Ltd is a Private Limited Company registration-held commercial entity. According to the Activity Code listed under Company ACN (Australian Company Number): 141736101, it is registered for pre-defined items or activity Supporting and auxiliary transport activities operations of service agencies. The company’s authorised capital is 706,000 AUD and its paid-up capital is 706,000 AUD. By registering the business with the State Registration Number: R67716674, it is instantly set up. The State Registration Number, and the Private Limited Company registration was completed on 29/01/2010 in Australia. Company has paid to register a private limited company. A business that carries out tasks including mail order logistics, delivery services, and operations at distribution centres. Additionally, it offers outsourcing and consultancy for logistics. Senko Logistics Australia Pty. Ltd primary website for SCM is Logistics (Logistics). We offer solutions like distributing processing, storage, and transportation. Company and IR details, a description of the distribution centre, etc.
Senko Logistics Australia Pty. Ltd Functional Areas
Production
The primary business of Senko Logistics Australia Pty. Ltd Company is the service and freight delivery in Australia. The proper amount and quality should be used to increase services. To guarantee the effectiveness of this functional area, Senko Logistics Australia Pty. Ltd should make sure that suitable personnel are hired from the major up to tertiary manufacturing. Professional transporters should oversee service regions to ensuring that the maximum quantity of transport is done while taking environmental, health, and safety considerations into account. The primary production unit must perform efficiently in order for other functional areas to function successfully. Modern production is mechanised, and the manager should guarantee that all service lines are running well. Planning, management, employee utilisation, and final quality checks are all aspects of production.
Sales
Without a customer to purchase the high-quality end product produced by an effective and efficient production service, there is no sense in having that unit. Sales are essential to a company’s expansion and success. Senko Logistics Australia Pty. Ltd sells services all over the Australia. Its prosperity comes from being the top producer of services in the Australia. Additionally, Senko Logistics Australia Pty. Ltd operations are diverse. As a result, the business is maintained when one service encounters market competition by another. Intelligent personnel are needed in sales. Senko Logistics Australia Pty. Ltd carried out the first cashless transactions by utilising technology and skilled workers to expedite the commerce. The projected six-day deal was completed in one day. It is highly expensive to use technology and an advanced block chain system for sales.
Distribution
One of Senko Logistics Australia Pty. Ltd primary functional areas is this. A distribution strategy with a cost-effective approach is needed for the delivery of finished various services and other freight delivery goods. Creating a vehicle route to minimise backtracking, which is expensive due to fuel use, and making sure that trucks don’t return empty are also part of distribution in a business. Distribution involves more than just moving items to their destination. As they acquire additional commodities, distribution specialists make sure that trucks transport the supplies. Because there is such a variety of services, Senko Logistics Australia Pty. Ltd has a precise and focused distribution system.
The Human Resource Function
In any company, Senko Logistics Australia Pty. Ltd included, HR is in charge of hiring new workers and ensuring their proficiency in their line of work through on-the-job training and first experience. Senko Logistics Australia Pty. Ltd Company makes use of its workforce and their technical expertise to guarantee efficient business operations across all industries. Because of their professionalism and competence, hiring experts gives a firm the chance to develop as a result of reduced losses and increased earnings. To produce the most production, Senko Logistics Australia Pty. Ltd employs specialisation and the division of labour.
Finance Function
The finance department is seen by entrepreneurs as being the most significant department of a company. To enable management in a company to understand the profit or loss produced throughout the business term, the finance section keeps track of all money earned and utilised as costs. The Senko Logistics Australia Pty. Ltd financial department is involved in determining the company’s value and the profit or loss generated by each product unit. The accuracy of financial records has increased thanks to new technology that accepts payments via block chain, and managers and owners of the business are now able to quickly make important choices based on reliable information.
Senko Logistics Australia Pty. Ltd Internal Stakeholders
A company’s internal stakeholders are those employees who are interested in a plan, strategy, or product. They play an active part in the organisation and contribute effectively to the project execution. The principal Senko Logistics Australia Pty. Ltd internal stakeholders are:
Managers
They are the individuals in charge of managing business operations. They guarantee the efficient operation of the business’s sections. They support the owners in managing the many divisions of an organisation. Senko Logistics Australia Pty. Ltd executives also have a variety of departments, including those for production, finance, and human resources. Next to the owners and board of directors, these management endeavour to achieve the company’s objective. When required, managers can make choices affecting their department.
Investors
For most cases, following a rigors evaluation of the firm, investors are those who have invested money in the company. These are folks who saw a business’ potential and determined it was worthwhile to take a chance with their money. They are connected to the proprietors and are informed about how the business is doing. The shareholders of Senko Logistics Australia Pty. Ltd have the power to choose the board of governors and to make significant decisions that will affect the firm.
The Board of Directors
The company’s gatekeepers are referred to as these stockholders. They make the last decisions in a business. For instance, the board of directors of Senko Logistics Australia Pty. Ltd Company decided to complete the services in Australia. The board of governors is responsible for the operation of the company and efficient business controls that enable risk to be evaluated and efficiently managed. The board of governors of Senko Logistics Australia Pty. Ltd also contributes to the understanding of the obligations of the community, shareholders, customers, suppliers, and workers.
Employees
Employees are a company’s only human resource, making them crucial stakeholders. They are the ones that put in a lot of effort and dedication to accomplish their goals. They report to supervisors directly and follow their instructions. Employees are the most important internal shareholder group since they willingly carry out corporate policies for the expansion of the company. Managers and owners handle issues that these personnel experience. To improve collaboration and teamwork at work, Senko Logistics Australia Pty. Ltd workers are regarded as integral members of the organisation, and their complaints are promptly resolved.
Senko Logistics Australia Pty. Ltd External Stakeholders
These are individuals or organisations that are wholly unrelated to the business yet are impacted by its results. They don’t participate in corporate decision-making. External shareholders function in the same environment as the Senko Logistics Australia Pty. Ltd does and are therefore indirectly connected to the business. The decisions made by the company have a passive influence on external shareholders.
Suppliers and Creditors
Suppliers in a corporation deliver the requested equipment, such Senko Logistics Australia Pty. Ltd equipment, office supplies, meals, and detergents. After each delivery, suppliers must be paid; otherwise, the company’s access to crucial supplies might be cut off.
Customers
These are the main company stakeholders since they bear the brunt of any performance-related risks. For instance, if Senko Logistics Australia Pty. Ltd provides services low-quality as a result of internal business issues, the quality would immediately impact the consumers that purchase the freight services. Customers also give a firm its purpose since without them, no one would buy its items. As a thank you to customers who purchase in large quantities, discounts and free shipping are sometimes offered.
Government
By giving legitimate licences, the government participates in corporate organisations through laws. The company is impacted by the government both legally and politically. Additionally, they want the company to publish truthful financial records for taxation and to offer local residents job chances. Senko Logistics Australia Pty. Ltd is a recognised company with a working business licence, and it submits taxes annually as required by law.
Community and Environment
The community wants the corporate climate to have a good impact. Because of the company’s presence, the environment’s infrastructure and social facilities ought to get better. The existence of the Senko Logistics Australia Pty. Ltd. firm and its services has improved infrastructure in numerous locations, including Australia, where residents now have access to roads and the benefit of local health clinics. On the other side, staff are inspired by goals met, so they make sure the service is of good quality. Additionally, industrial by products shouldn’t pose a threat to the environment. The corporation controls the flow of garbage into the rivers, and Senko Logistics Australia Pty. Ltd is working to cut the emissions of glasshouse gases that contribute to global warming.
Competitors
Growth of a firm depends on competition. Willship International, Cargo Master, Cargo Australia are Senko Logistics Australia Pty. Ltd primary rivals in the service and freight industries. Through product price increases and market expansion, these businesses compete with Senko Logistics Australia Pty. Ltd due of their diversity in manufacturing, Senko Logistics Australia Pty. Ltd company is unaffected by price competition. As a result, when a product’s pricing is challenged, a rival product wins in a separate market. Additionally, Senko Logistics Australia Pty. Ltd goods have the highest quality available.
Main Stakeholders’ Interest and Implications of Conflicting Interests
Shareholders are interested in the company’s expansion since it will increase the value of their shares. The business’s revenue comes from its consumers. There is no business if there are no customers. The staff of Senko Logistics Australia Pty. Ltd strive to uphold the corporate image of the business by ensuring that clients are well-cared-for since they represent it to others. They make sure that deliveries are made on schedule and that the goods is followed up on. Through the execution of crucial initiatives and monitoring the firm through staff and employers, the owners want to expand the company.
Due to its ownership of some shares in Senko Logistics Australia Pty. Ltd, the government serves as both an internal and external stakeholder. The government makes sure services is done legally. In Senko Logistics Australia Pty. Ltd, government field agents are dispatched to make sure that the service and production personnel teams are wearing safety equipment while working. The government’s responsibility to guarantee that licencing, tax remittance, and health, safety, and environmental problems are respected in Senko Logistics Australia Pty. Ltd as both an internal and external shareholder, even when there may be business compromise, is an example of a conflict of interest.
Stakeholder Influence
A stakeholder’s influence and power must help an activity’s objective or ultimate aim to be accomplished. Through the use of essential strategies, stakeholders in Senko Logistics Australia Pty. Ltd work to guarantee that the final business objectives are met. According to Senko, et al., 2022, the stakeholders’ influence should be consistent with affecting the company’s strategy and operations. The owners and investors in Senko Logistics Australia Pty. Ltd wield the most influence because they provide the majority of the funding for the company’s activities. Influence from customers and workers is also significant at Senko Logistics Australia Pty. Ltd since they make sure that the company’s reputation is maintained by fostering good employee-customer relationships. Through repeated purchases, customers who are devoted to this connection exert the most control over the company.
Creation of Stakeholder Matrix
Combining power and interest, the stakeholder matrix is used to examine how stakeholders affect a firm.
| Stakeholder | Power | Interest | Engagement
Strategy |
| Managers | High | High | Monthly meetings |
| Investors | Very high | Very High | Business reports on forex trading |
| Board | High | Very high | Quarterly meetings |
| Employees | Very high | Very high | Monthly meetings |
| Suppliers | medium | low | Supply chain management |
| Customers | Very high | medium | Value proposition |
| Competitors | Medium | High | Business reports |
| Government | High | High | Semi-annual reports |
| Community | low | low | Open forums and |
Transport industry vs Oil industry
Senko Logistics Australia Pty. Ltd works in the Transport industry whilst Technip FMC is involved in oil mining. While the oil business extracts oil from the earth’s core, the transport industry sells the service to the customer regarding the freight and delivery of goods. Because both of these businesses also provide technologies for Transport industry, their growth is at its peak. Customers’ preferences are changing for these two businesses; thus they must also focus on customer pleasure. In the past year, the transport and service delivery sector grew 50% more than its oil mining counterparts. Due to the increased demand for service and freight delivery in 2019, the Transport industry adopted electric cars more quickly and more widely.
Conclusion
Service delivery and freight delivery were pioneered by the Senko Logistics Australia Pty. Ltd. They are the biggest transport and service delivery corporation in Australia, and they have thinking to expanded to other countries. Despite Senko Logistics Australia Pty. Ltd size and wide range of operations, both internal and external stakeholders have an impact. For the operation of the business to run smoothly, Senko Logistics Australia Pty. Ltd depends on three primary functional areas, two passive functional areas, and the human resource function. Stakeholder power and influence at the Senko Logistics Australia Pty. Ltd company were examined using a stakeholder matrix. The government is not a shareholder in Senko Logistics Australia Pty. Ltd on both an internal and external level.
References
Gnap, J., Senko, Š., & Marienka, P. (2020). Time availability of the public terminal of intermodal transport Žilina with a selected european maritime port. NAŠE MORE: znanstveni časopis za more i pomorstvo, 67(3), 217-225.
Jackson, A. M., Ivshina, A. V., Senko, O., Kuznetsova, A., Sundan, A., O’DONNELL, M. A., … & Kuznetsov, V. A. (1998). Prognosis of intravesical bacillus Calmette-Guerin therapy for superficial bladder cancer by immunological urinary measurements: statistically weighted syndromes analysis. The Journal of urology, 159(3), 1054-1063.
Kubáňová, J., Otáhalová, Z., & Senko, Š. (2020, October). Advantages and disadvantages of intermodal freight transportation. In International Conference on Transport Systems Telematics (pp. 285-295). Springer, Cham.
Mosolov, S. N., Yaltonskaya, P. A., Senko, O. V., & Angst, J. (2021). Validation of the Russian version of the hypomania checklist (HCL-33) for the detection of bipolar disorder in patients with a current diagnosis of recurrent depression. Journal of Affective Disorders Reports, 4, 100086.
Senko, C., Perry, A. H., & Greiser, M. (2022). Does triggering learners’ interest make them overconfident?. Journal of Educational Psychology, 114(3), 482.
Senko, J., Schneller, A. J., Solis, J., Ollervides, F., & Nichols, W. J. (2011). People helping turtles, turtles helping people: understanding resident attitudes towards sea turtle conservation and opportunities for enhanced community participation in Bahia Magdalena, Mexico. Ocean & coastal management, 54(2), 148-157.