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Australia
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S
The Land Down Under
Daniel Borst, Leann Cain, Jessica Kaye, Cami Walker
Brief History of Australia
Founded by British in 1788
First settlers were convicts
Followed by the arrival of Free Settlers after discovery of gold in mid-19th century
Australia says G’day to Entrepreneurship!
TODAY: Population: 22.68 million
90% European descent
Foreigners barred from employment
Forced to become entrepreneurs
Immigrants become EntrepreneursALEX PONGRASS
Hofstede’s Five Dimensions
Power
Dist
ance
Individ
ualis
m
Mas
culin
ity
Uncer
tainty
Avo
iden
ce
Long
term
Orie
ntaa
tion
0102030405060708090
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3140
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Australia US
Business Meeting Tips
1. Football is everything – AFL.
2. A different opinion is better than no opinion at all.
3. No business meetings Friday afternoon, UNLESS there are drinks involved.
4. No major projects between Christmas and Australia Day!
Enforcing Contracts
Aus-tralia
USA Spain0
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Total Days
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RankProcedures
Corruption Index
Australia USA Spain0
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Score
Registering Property
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2
4
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Time (days)Cost (% of property value)
Global Entrepreneurial Activity
Key Pillars
Key Pillars Australian Ranking Among G20 Countries
Access to Funding 5th
Entrepreneurship Culture 5th
Tax and Regulation 8th
Education and Training 2nd
Coordinated Support 15th
Human, Social Capital and Innovation
SMEs rank very high on innovation
Relies heavily on USA and Europe as a source of ideas to embrace opportunities in Asian markets
Major opportunity: development of innovative, environmental goods and services.
Entrepreneurship courses in Universities
Australia is Ranked 2nd in Innovation
Risk Capital
Federal Resources
VENTURE AUSTRALIA
State Resources
Grants Website
Market Structure
Labor Structure
Labor Cost
Ease of Doing Business
Industry Concentration
Recommendation?
THANKS FOR LISTENING!
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