New Zealand Rail System SWOT
Summary This task is based on entrepreneurship and innovation. In this task i’m getting to explain key functions internal setting, system structure and organization culture, external environment, pestle, government policy, common law, opportunities and SWOT by using the example of the given company that’s kiwi train.
Table of content:
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Cover page |
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Summery |
2 |
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Table of content |
2 |
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Introduction |
3 |
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Key terms |
3,4 |
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Internal environment |
4 |
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Organizational culture |
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External environment |
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Potential issues |
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Conclusion |
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Reference |
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Introduction The New Zealand rail system grew from separate beginnings made by individual provinces or entrepreneurs from the 1860s onwards. Colonial Treasurer and later Premier Sir Julius Vogel made rail a major plank in his programme to develop the colony in 1870.
By 1880 New Zealand Railways (NZR) was operating more than 1,900 kilometres of track, and carrying almost 3 million passengers and 830,000 tonnes of freight a year. The first half of the twentieth century was a ‘golden age’ for rail.
In 2003, Toll Holdings Limited, an Australian-based transportation and logistics operator, acquired approximately 85 percent of the shares in Trans Rail. As a result of Toll’s offer for shares in Trans Rail becoming unconditional, an agreement between Toll and the Crown was triggered, a key feature of which was the buy-back of track and associated infrastructure by the Crown.
The Crown undertook to invest $200 million in improving rail infrastructure while Toll undertook to invest $100 million in new rolling stock. In September 2004, ownership and management of the network and its assets was vested in the existing Railway Corporation of New Zealand which adopted the trading name, Kiwi Rail Network (ONTRACK). Under the agreement, Toll retained exclusive rights to the network for freight purposes, subject to meeting minimum tonnage levels annually.
Key terms:
Creativity is the capacity to grow new thoughts and to discover new techniques for taking a gander at issues and openings.
For Example:- they create different trains that have very high speed
Innovation is the capacity to apply imaginative answers for those issues and openings keeping in mind the end goal to improve individuals’ lives or to advance society (tvnz, 2016).
For Example:- kivi train provide the gift cards
Entrepreneurship is the consequence of a restrained, efficient procedure of applying inventiveness and development to requirements and openings in the commercial centre.
Entrepreneurs are the individuals who wed their innovative thoughts with the deliberate activity and structure of a business. Specialists trust that business visionaries prevail by deduction and doing new things or old things in new ways.
Internal environment: these are the minor factor into the companythat organization’s internal environment is composed of the elements within the decisions about circumstances that occur frequently within their organization along with internal environment is composed of the elements within the organization, including current employees, management, and especially corporate culture, which defines employee behaviour (Cj0KEQiA8orFBRCEpODivaOft, 2016). Although some elements affect the organization as a whole, others affect only the manager.
Strength
• Favourable circumstances of your association
• show improvement over any other individual
• Novel or most reduced cost assets would you be able to draw upon that others
• Individuals in your market see as your qualities
• get the deal
Weakness
Able to move forward
• It be advisable for you to maintain a strategic distance
• Individuals in your market prone to see as shortcomings
• Elements lose you deals
Opportunities
- Changes in technology and markets on both a broad and narrow scale.
- Changes in government policy related to your field.
- Changes in social patterns, population profiles, lifestyle changes, and so on.
- Local events.
Threats
• would you be able to move
• would it be advisable for you to maintain a strategic distance
• Individuals in your market prone to see as shortcomings
• Elements lose you deals
External environment
External environment refers to the major factors and forces outside the organization that have the potential to significantly affect the performance of an organization with help of pestle (transport, 2016).
Political: Political factors identifies with the weights and openings brought by political establishments and to what degree the administration strategies affect the business.
– Government arrangements
– Trading arrangements
– Funding, awards and activities
– Lobbying and weight bunches
– Internal political issues
Legal: legislation factors identifies with the laws, control and enactment that will influence the way the business works.
– Current enactment
– Future enactment
– International enactment
– Regulatory bodies and procedures
– Employment law
Structure: the staff of kiwi train is working according to the rules and regulations. They follow all the structure because they working under legalisation.
Conclusion: The New Zealand rail system grew from separate beginnings made by individual provinces or entrepreneurs from the 1860s onwards. Colonial Treasurer and later Premier Sir Julius Vogel made rail a major plank in his programme to develop the colony in 1870. New Zealand which adopted the trading name, Kiwi Rail Network (ONTRACK). Under the agreement, Toll retained exclusive rights to the network for freight purposes, subject to meeting minimum tonnage levels annually.
Reference:
Cj0KEQiA8orFBRCEpODivaOft. (2016, 2). Retrieved from http://www.kiwirailscenic.co.nz/?gclid=Cj0KEQiA8orFBRCEpODivaOft_EBEiQAy3mlfSAhh5KDEGUJl2BEFsxTSPH6hjNn4gZ4p2ThsVhnxrgaAmOj8P8HAQ
transport. (2016, 2). Retrieved from http://www.transport.govt.nz/rail/rail-in-new-zealand/
tvnz. (2016, 2). Retrieved from https://www.tvnz.co.nz/one-news/new-zealand/overseas-climate-action-encouraging-kiwi-innovation