Global Growth Business and Environment Risk †MyAssignmenthelp.com

Question: Discuss about the Global Growth Business and Environment Risk. Answer: Introduction: At the time of operating in the host countries, the business organizations have to take into consideration the business policies of the host country. At the same time, they need to develop their organizational strategies in such a way so that they can match the business policies of the host countries. This same theory is applicable for Acciona. Acciona is one of the major business organizations of Spain that involves in the development and management of various infrastructures, water, renewable energy and other services (acciona.com 2017). Acciona needs to comply with the business policies of the host country while operating in the host country. As per the policy of Acciona, Acciona needs to be maintained a strict policy on risk management and returns at the time of taking the new projects. It implies that the business environment of Australia needs returns from Acciona while minimizing the risk factors. This aspect will help the company to maintain strong growth in Australia market. Another major impact of the policies of Australia on Acciona is the adoption of Integrated Management System (IMS) Policy by Acciona. This particular policy makes Acciona to focus on two of the major factors; they are Sustainability and Continuous Improvements of the companys business activities (acciona.com.au 2017). In this regard, it needs to be mentioned that the policies of IMS is an indispensible requirement for Acciona as the company must comply with these policies. There are some specific principles in IMS policies. First, it is re quired for Acciona to maintain the top quality of their works. It implies that there is no scope for the compromise of quality. Second, the Australian Government demands Acciona to comply with all the required legislations, regulations and laws that are related to environmental and Organizational Health and Safety (OHS) hazards (acciona.com.au 2017). Thus, it can be guessed that the motive of this principle is to improve the organizational activities related to these factors. The third principle is related to the promotion of the culture of integrated management related to environmental care and OHS activities. These are the main policies of Australia that have effects on the business operations of Acciona. However, it needs to be mentioned that there are many other policies of Australia that Acciona needs to comply with. However, the main aim of all these policies is to bring improvements in the businesses. Opportunities and Risk It needs to be mentioned that Acciona has to face some kinds of dilemmas, challenges, risks and opportunities at the time to operate in Australia. They are discussed below: The major ethical dilemma faced by Acciona is to comply with all the required environmental and sustainability related regulations while maintaining the required profit level. Often, it becomes difficult for Acciona to maintain the desired profit level after complying with all the regulations. It has been seen that the maintenance of all the regulations decreases the profit level of the companies as these regulations restrict some of the business activities of Acciona. This can be considered as the major dilemma of Acciona (arena.gov.au 2017). In addition, Acciona has to deal with some of the major business risks. The major risk factor is the effect of world economic turmoil on Australia. Due to this, Acciona has to face the risk regarding the uncertainty of necessary resources for their business operations. Apart from this, it needs to be mentioned that the risk of less capital for operation is another major aspect. These are the major risks that Acciona has to face while operating in Australia (arena.gov.au 2017). However, there are some good business opportunities for Acciona. As the people of Australia have become more conscious about environment, they are focusing on the adoption of renewable energy. This aspect is creating business opportunities for Acciona. In addition, Australia is determined to develop the direct-use market for renewable energy companies. This is a positive sign for Acciona as it will create business opportunities for Acciona. Apart from this, technical advancements have reduces the business costs of Acciona. These are the major opportunities for Acciona (theconversation.com 2017). The major challenge for Acciona is to face the uncertain market condition of Australian renewable energy as this particular market is yet is come to its stability. The next challenge is to face the major technical issues of the business operations. It has been seen that some of these issues cannot be solved sometimes. These are the major challenges faced by Acciona in Australia (theconversation.com 2017). Overall, according to the above study, in Australia, Acciona needs to be complied with the sustainability and continuous improvements policies of the country. In addition, Acciona also needs to comply with the Organizational Health and Safety regulations along with other legislative regulations. Accionas major ethical dilemma in Australia is to maintain high profitability while complying with environmental and sustainability regulations. The major risk is the effect of world economic downtown along with uncertain market condition. References Acciona.com. (2017).ACCIONA to focus on selected growth opportunities and new markets in renewables and infrastructure. [online] Available at: https://www.acciona.com/pressroom/news/2017/may/acciona-focus-selected-growth-opportunities-new-markets-renewables-infrastructure/ [Accessed 30 Sep. 2017]. Acciona.com.au. (2017).About us | ACCIONA Australia. [online] Available at: https://www.acciona.com.au/about-us/ [Accessed 30 Sep. 2017]. Acciona.com.au. (2017).IMS Policy. [online] Available at: https://www.acciona.com.au/sustainability/ims-policy/ [Accessed 30 Sep. 2017]. arena.gov.au/. (2017).LOOKING FORWARD: BARRIERS, RISKS AND REWARDS OF THE AUSTRALIAN GEOTHERMAL SECTOR TO 2020 AND 2030. [online] Available at: https://arena.gov.au/assets/2014/07/ARENA-IGEG-main-report.pdf [Accessed 30 Sep. 2017]. The Conversation. (2017).2017 will be a big year for Australia's energy system: here's what to look out for. [online] Available at: https://theconversation.com/2017-will-be-a-big-year-for-australias-energy-system-heres-what-to-look-out-for-71703 [Accessed 30 Sep. 2017]. The Conversation. (2017).Australia's energy sector is in critical need of reform. [online] Available at: https://theconversation.com/australias-energy-sector-is-in-critical-need-of-reform-61802 [Accessed 30 Sep. 2017].