Evaluating A Pharmaceutical Portfolio Using ( Bcg, Eg, And...

1- The purpose of analyzing a pharmaceutical portfolio using(BCG, EG, and others), and describe the characteristics of a â€Å"Star† products and its role in portfolio. The decisions that the companies make are affected by the problem of resource scarcity. With many opportunities but limited resources, the companies should know what is the best to invest their cash in. Always, there is the question of how and where to invest the cash, it is a real challenge for those who are responsible for allocating the resources. Pharmaceutical companies may have 10, 30 or 100 products should be managed. These products differ in potential growth, competitive environment, and performance. The decision is very hard to choose which products that the company should invest. The BCG matrix or GE compare the products and divide them to the groups that are worth investing in or the groups that should be harvested or divested. The purpose of these tools is highlighting growth potential, relative market share, and cash flow potential between different products in portfolio. These differences can indicate which products that can generate investment funds and which Should, p erhaps, be discontinued The Boston Group Consulting Matrix divides the products into four different groups ( Stars, Cash Cows, Question Marks, Dogs) based on: Market share – the magnitude of the product’s sales in the market. Market growth – the demand in the market its self is growing or not. However, Stars are high growth market andShow MoreRelatedDarden Consulting Case Book25163 Words   |  101 PagesStructure / Framework Building Explanation Problem Solving Analysis Recommendation The interview should be highly conversational and interactive. Depending on the firm, and depending on the round, some interviews can be more structured than others. Please see the subsequent section for more information on firm-specific preferences and formats. STRUCTURE OF THE CASE INTERVIEW Case Overview / Prompt The case interview will start with the interviewer providing an overview of the client andRead MoreBrand Building Blocks96400 Words   |  386 Pages These market realities imply that the key success factor is low cost. Organizations must reduce overhead, trim staff, downsize, and cut all unnecessary expenditures. What, then, happens to the people who support the brand with market research or other brand-building activities? They are vulnerable to the organizations new cost culture. 2. Proliferation Of Competitors New, vigorous competitors come from a variety of sources. A host of food categories have watched Weight Watchers and HealthyRead MoreMarketing Management130471 Words   |  522 PagesDBA 1652 Marketing Management UNIT -- I Unit No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 Unit Title Marketing management – an introduction Marketing environment Marketing with other functional areas of management Market segmentation Market targeting and positioning Product management Brand management Pricing Channel design and management Retailing and Wholesaling Integrated Marketing Communication Advertising management Sales promotion Personal selling Public

The Impact Of Immigration On United States - 1989 Words

The Impact of Immigration on United States (U.S.) Economy Introduction In recent times, migration has been a major point of discussion at different international fora. According to the United Nations (UN), more than 175 million people, about three percent of world’s population, live and work permanently outside their countries of birth (UN, 2002). The changing faces of European migration, at the beginning of the new millennium is different from those of fifty years ago. Also, in the late 19th and early 20th centuries, Europeans emigrated greatly, but nowadays the impact of immigration has become a significant economic and social phenomenon in many previous emigration countries. In America, research has shown that many Americans have the opinion that the current U.S. immigration is defective. However, it is to be noted that more consideration should be given to the impacts of immigration on the U.S. economy. Many immigrants have come in the U.S. legally and around eleven million unauthorized immigrants currently live and work in America. Also, each of these immigrant groups affects the U.S. economy in different ways and this should be given necessary attention in the current debate around immigration reform (Greenstone et al, 2009). Furthermore, immigrants now comprise more than twelve percent of the American population, and the percentage is said to be increasing by the day. This research work therefore seeks to investigate the economic impacts of immigration on the U.S.Show MoreRelatedThe Impact Of Immigration On The United States1301 Words   |  6 Pagesâ€Å"The US Council of Economic Advisers on Immigration s Economic Impact. Population and Development Review, 33. 3, (2007), 641. Web. Feb. 2017. Immigration remains the subject of significant public and political debate in the United States. In May and June of 2007, a lot of public attention was concentrated on a debate in the U.S congress on legislation. The bill in front of the senate formally named the â€Å"Secure Borders, Economic Opportunity and Immigration Reform Act of 2007,† was controversialRead MoreImpact Of Immigration On The United States1017 Words   |  5 Pagespassed during that time that affected immigrants. America’s view at this time reflected that of strong Nativism. Several anti-immigration groups had their fair share of influence in political affairs that had a negative affect on certain groups. This paper will outline the events that led to three pieces of legislation. This paper will also highlight the impact on immigration and how the chosen pieces of legislation contributed to future legislation (if at all). The first piece of legislation highlightedRead MoreThe Impact Of Immigration On The United States1415 Words   |  6 PagesRecent immigration has not only increased since the end of World War 2, but also gained momentum, reaching numbers in the 1990s. The national origin of US immigrants also changed sharply over the past fifty years. Before 1960, the vast majority came from European countries or Canada. Even as late as the 1950s, more than two-thirds of all arrivals were from these countries. During 1960s, however, when family reunification criteria rather than national origin quotas became the basis for allocatingRead MoreThe Impact Of Immigration On The United States971 Words   |  4 Pagesimmigrants in the United States? What is the impact of immigrants in the United States economic system? How can we define the history of immigration in the United States? According to Nancy Kleniewski, â€Å"It has often been said that the United States is a nation of immigrants. Immigration has been a long-term trend, but both the locations where immigrants settle and the places from which they come have changed over the years† (Kleniewski, 169). For a very long time in the United States, there seemsRead MoreImpact Of Immigration On The United States1283 Words   |  6 Pagescreate a safer border environment by facing the multiple Issues and Challenges, like illegal Immigration, Drug Enforcement, and cross-border Transportation, and Technological improvements by Homeland security influence the agents, trying to cease these issues. A vast complication that the United States goes through is the huge illegal immigration. Each year thousands of illegal immigrants enter the United States across the U.S.-Mexican border. The result is that the congress has mandated increased effortsRead MoreImpact Of Immigration On The United States Essay1434 Words   |  6 Pagesharm. Major impacts of immigration can be observed in several forms of a countries economic system such as employment opportunities for both immigrated workers as well as current citizens along with unemployment rates, wages, profit margins, the ability of local and international business’ to grow and the overall GDP of the specific country. For this paper specifically the developed country that will be analysed will be Australia. Considered to be one of the worlds â€Å"major immigration nations† (togetherRead MoreThe Impact Of Immigration On The United States1279 Words   |  6 Pagescreate a safer border environment by facing the multiple Issues and Challenges, like illegal Immigration, Drug Enforcement, and cross-border Trans portation, and Technological improvements by Homeland security influence the agents, trying to cease these issues. A vast complication that the United States goes through is the huge illegal immigration. Each year thousands of illegal immigrants enter the United States across the U.S.-Mexican border. The result is that the congress has mandated increased effortsRead MoreThe Impact Of Immigration On The United States1469 Words   |  6 Pagescontaining several scholarly articles such as JSTOR and GALE. Two sources that will be used to preforme OPVL are a personal interbore from a man who worked in downtown Houston during the 1990’s, and an article published examining the influx of immigration into Texas during the 1990’s Summary of Evidence- During the 1990’s there was an influx in foreign born population. In Texas the native born population was approximately 15,462,074 people. The foreign born population was 1,524,436 meaning thatRead MoreThe Impact Of Immigration On The United States1925 Words   |  8 PagesImmigration is a very broad topic, a topic that has been highly discussed in the past. However, what is the reason that most people think people migrate from Mexico, Honduras, El Salvador, or Guatemala? Most would say it is because of job opportunities that will better their families. Some say it is because of the higher rate of freedom in the United States. However, not many people look at the hard environments back in the homelands of the immigrants. Maybe a big reason for crossing the borderRead MoreThe Impact Of Immigration On The United States1692 Words   |  7 PagesImmigration has radically changed a religion picture in the United States. At the present time people with their unique culture, s pecific habits and traditions participate in our society. America is their home as well as ours. To live in peace together we have to understand, communicate and integrate with each other. But sometimes unforeseen events happen and crash the whole global hope for productive cooperation. On September 11, 2001, the tragedy in the USA shocked the whole world. It was the message

Decision Support as Knowledge Creation

Question: Discuss about the Decision Support as Knowledge Creation. Answer: Introduction The reported study has been developed to support a relocation decision of a manager of Toyota Motor Corporations Melbourne Manufacturing Plant, Australia to a sister plant located in the United States of America. As a Human Resource Manager, it is the responsibility to identify the current scenario of the car industry in the US. Precisely, through the identification of the impact of Donald Trumps presidency on the business industry and the economy, the existing environmental analysis of automobile industry in the US has been briefed. The background briefing report will be evident for the manager to identify the differences in the employee relations and human resource management (Hertwig 2015, p. 331). By outlining the differences of the human resource management issues and employment relations in the US and Australia, the influencing factors affecting the working life of the manager will be illustrated. The relocation decision of the manager to the US manufacturing plant in 2017 must be handled effectively so that the expatriate employee will deliver premium working quality in the foreign country i.e. the US. By order of the management, the reported study has been described to investigate the current environment analysis of the automotive industry in the US as well as Australia. In addition, the study will evaluate the leading HRM issues and employment relations issues that must be taken into consideration by the expatriate manager at the new located manufacturing plant of Toyota Motor Corporation in the US (Kehoe 2017, p. 22). The analysis of the study will be helpful for the expatriate manager to understand the difference of HR issues and employment relations issues in the US to that of in Australia. According to the outcome of the analysis, the manager needs to outline his job responsibilities to fit in the new workplace. To make the expatriate operation successful, the background briefing report will be essential to provide significant information to the manager who will be relocated in the US-based manufacturing plant of Toyota Motor Corporation. Analysis of automobile industry in the USA The vehicle manufacturing industry in the United States of America has been primarily affected by the policies of the US President, Donald Trump. On a bigger perspective, the political condition and the policies of the US president will be the defining factors for automakers in the US market. Recently, most of the leading automobile manufacturers operating in the US car industry have been reluctant to set up new manufacturing plants (Evans 2017, p. 2). Alternatively, the latest policies, safety guidelines, and improved business environment can support the business proceedings of the automakers. In the other hand, flattening sales figure of the automobile industry has been another reason for the US automakers to increase the production plants in the territory (Garcia 2017). Evidently, the efficiency of the motor industry in the US can boost the GDP growth creating a positive outlook for the economy in the upcoming years. Impact of Donald Trump on the US Automobile Sector The new Republican president of the United States of America has urged the leading automakers of the country to increase production line within the US territory so that the employment condition in the US will be boosted. The policies of Donald Trump are directed to create a number of jobs for Americans counterparts (Dawson 2017). Reportedly, the economic, as well as trading policies of the new president of America can be the biggest opportunity for the automakers in the US. The president has vowed that leading automakers must concentrate on manufacturing automotive in the country rather that developing manufacturing plans elsewhere. Admittedly, such policy of Trump will benefit the US automakers for sure (OSullivan Turner 2013, p. 701). Notably, in the upcoming years, the job-creating president, Donald Trump will increase the pressure on the US automakers to increase production in the US plants. Furthermore, Trump has vowed to the cut taxes and statutory regulations imposed on the U S car industry to make the sector more attractive for automobile manufacturing corporations (Greacen Chou 2015, p. 387). By considering the policies of Donald Trump, the operations of motor manufacturing companies will be affected in a great deal. Analysis of automobile industry in Australia The Australian automobile industry is shifting gear on a rapid scale as the sale of the automotive is up by 2 percent on a yearly basis. During the year 2016, the car industry in Australia has registered strong growth due to increase in demand from the target demographics. According to the report, the SUV category sale is up by 8 percent as Toyota Motor Corporation is the leader of the pack. In 2016-17 financial years, Toyota, Holden, and Ford have decided to shut down their Australian manufacturing plants. Therefore, the production of Australian-made automotive has reduced. Basically, the growth of the demand in the car industry has made a massive impact on the car sales. Reportedly, most of the Australian states such as New South Wales, Victoria, South Australia, and Tasmania have witnessed an increase in automotive sales. Notably, sound economic growth factors and improved financial status of the Australians have increased the growth of the automobile industry in the country. Precisely, the number of manufacturing plants has been decreased in the recent years. Leading to the event, Japan and Thailand have become two major sources of automobiles for the targeted Australian market. As a result of that, the production of cars in Australia has slumped (Cornette Pontier 2012, p. 177). Meanwhile, the sales of the automotive industry have picked up in a recent couple of years whereas the car manufacturing in Australia has declined. By considering the current market analysis, most of the leading car manufacturers operating in the Australian market have concentrated on sales in Australia rather than setting up new manufacturing units in the target locations. HRM issues in the United States Modern factors of globalisation have led to different HRM issues to the context of the target market. For instance, the HRM issues in the United States of America will be different to that Australia. Therefore, an analysis of the HRM issues in the United States of America has been discussed in the study to identify the leading aspects of management practices and workplace policies of the US based companies (Barkin 2016, p. 886). Leading to the event of HRM issues, being a developed country, the HR challenges are different in the United States. First of all, the improved labour market condition and technological development in the US market can be difficult for the management of the US-based firms to select the best talents. Meanwhile, the expatriate manager needs to be smart enough to select the most efficient workers (Joetan Kleiner 2014, p. 51). On the other hand, impact of the economic indicators around the country can be identified another substantial issue in HRM. Based on the GDP growth rate, inflation, unemployment rate, and economic policies, hiring decisions and HR decisions have to be modified according to the demand of the day. Most importantly, diversity management due to globalisation has become one of the most crucial challenges for managers in US-based organisations. Alternatively, data-driven human resource practices and policies have replaced the conventional strategy making of HR in the US business environment. By using efficient software to generate key data and information, managers have made decisions to complete hiring of new talents, compensation and benefits, and employee retention planning. Precisely, in-depth analysis and use of modern metrics must be used by the professional managers to evaluate the performance of the employees. Therefore, the expatriate manager must identify such functional differences used in the US companies (Brondoni 2013). In addition, the role of union and employee contracts must be analysed based on the legal frameworks. Therefore, it is the responsibility of the managers to identify the employee bargaining contracts and labour laws associated with the workforce to avoid any legal obstacles. Significantly, demographic changes have created a common issue in HRM. For instance, ageing workers, individual role of t he employees, and responsibility towards the job position must be rightly identified by the managers to make the correct decision at the right time (Pethokoukis 2016, p. 15). Hence, it is important for a manager shifting to a new production facility in the USA to observe and understand the HRM issues for effectively working in the new environment. Employment Rations Issues in the United States The changes in the employment relations have been a major subject of discussion in different industrial nations such as the United States. It is important for a manager to be aware of the different local, states and federal laws and doctrines that governs the employment relationship in automobile industry of the United States (Chawinga Chipeta 2017, p. 33). For example, the manager must know about the National Labour Relations Act, Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act, the Fair Labour Standards Act, the Family and Medical Leave Act, the Equal Pay Act and several other employment relationship rules and regulations that controls the employment market in the country (Deakins, 2016). Arguably, the above stated laws are quite mandatory for an organisation to legally operate in the US market. According to the current market scenario, unionise activities can be highly evident in the US automobile market due to the growing intervention of the political powers (Deakins, 2016). Hence, there is a need of developing collective bargaining agreements with the labour union to minimise any sort of workplace conflicts. On the other hand, any sort of discrimination in the terms of age, disability, religion and gender is not tolerated in the US automobile market. There are several laws governing the discrimination of employees at workplace that must be maintained while developing the HRM policies (Ritchie, Komo, Ngugi 2013, p. 86). The Title VII of the Civil Rights Act of 1964 prohibits employers from refusing to hire, discriminate or discharge an individual in terms of colour, race, sex, religion, and national origin. On the other hand, there are several states that mandate additional regulations over the federal laws. Furthermore, the Age Discrimination in Employment Act prohibits employers from discriminating and discharging employees on the basis of their age (Deakins, 2016). Furthermore, the Family and Medical Leave Act protect the rights of the employees to take leave in case of emergencies and medical problems. Additionally, the Fair Labour Standards Act makes its mandatory for the employers in the automobile sector to provide statutorily prescribed minimum wages to all its employees without any discrimination. Hence, it is important for the manager to know and understand the current regulatory frameworks governing the employment relations in the US automobile market. Furthermore, the manager must have proper knowledge of the current government policies in order to effectively manage the workforce in the sister manufacturing plant of Toyota in the United States (Casadesus-Masanell Zhu 2012, p. 477). Therefore, it is important for the manager to understand the legal issues to effectively work in the United States of America. Comparison of the United States and Australia By considering the above analysis, it can be seen that the competition in the Automobile industry in the Australia is at its peak due to the increasing invasion of the foreign companies. On the other hand, the foreign firms have good opportunity in the Australian market to expand their businesses (Vlasic Boudette 2017, p. 20). On the other hand, the current situation in the US market is quite difficult to handle due to the changing laws and policies of the federal government. The company needs to offer employment opportunities to the local people to survive and smoothly operate in the US market (Lippert 2017, p. 37). On the other hand, the management must consider the changing employment laws to keep the company safe from legal obligations. Furthermore, the cost of labour in the US market is continuously increasing in the recent years, which is expected to increase to around a minimum of $15 per hour in the upcoming years. On the other hand, the minimum wage rate in the Australian market is around $17.70 per hour that is quite lower than the US market (Nuttall, 2017). Furthermore, the US government will provide subsidiaries to the automobile manufacturers to develop manufacturing plants in the US market. Hence, the US market has a better growth potential in the future as compared to the Australian market (Steiger 2010, p. 33). But, the manager needs to consider the legal obligations and current trend in the employment relations and HRM practices to effectively manage the operations of the firm. Recommendation On the basis of the above analysis, the following recommendations are suggested to the expatriate manager to effectively work in the automobile manufacturing plant in the United States of America. Focus on legal frameworks: The manager must focus on the legal frameworks that guide the employment relations and HRM practices in the automobile sector. The consideration of the rules and regulations will keep the manager safe from legal conflicts and help him to maintain harmony and peace at workplace. Develop International HRM knowledge: On the other hand, the manager must develop international HRM knowledge to understand the HRM issues in the automobile sector of the United States and develop skills and competencies to cope up with the problems. Focus on industry based HRM practices: Furthermore, the manager must focus on the industry based HRM practices used by other companies in the US market to develop effective HRM policies. On the other hand, it will help the manager to effectively manage the HRM issues and employment relations in the US market. Follow-up the current trend: Finally, the manager must follow-up the current trend in the US labour market to effectively manage the HRM operations of the firm. The current trend will help the organisation to meet the growing competition in the market and seek better market positioning. Conclusion By considering the above analysis, there is several differences between the HRM practices used by the automobile companies in the United States and Australia. On the other hand, the economic policies of the US government have changed in the recent years that may make it difficult for the new manager to effectively work in the new market. Additionally, there are several rules and regulations that guide the employment relations in the United States of America. Hence, it is important for the manager to understand the laws and policies of the government to effectively manage the operations of the sister manufacturing plant in the United States of America. The manager must focus on providing adequate jobs to the Americans and develop good employment relations with his employees to seek growth in the new market. Finally, the manager must develop international HRM knowledge to control the diverse workforce effectively. Conclusively, the manager must understand the differences between the HR M practices of the automobile manufacturers in the United States and Australia to successfully perform his job. References Barkin, S, 2016, Shifting Gears: Changing Labor Relations in the U.S. Automobile Industry,Journal Of Economic Issues,vol.20, no. 3, pp. 875-881. Brondoni, S, 2013, Innovation and Imitation for Global Competitive Strategies, The Corporation Development Models of US, Japan, Korea, and Taiwan,Symphony Emerging Issues In Management, (1). Casadesus-Masanell, R, Zhu, F 2012, Business model innovation and competitive imitation: The case of sponsor-based business models,Strategic Management Journal,vol.34, no. 4, pp. 464-482. Chawinga, W, Chipeta, G 2017, A synergy of knowledge management and competitive intelligence,Business Information Review,vol.34, no. 1, pp. 25-36. Cornette, G, Pontier, S 2012, Transactional marketing versus relationship marketing: the US automobile market evolution,International Journal Of Automotive Technology And Management,vol.2, no. 2, pp. 177. Dawson, A 2017,Trump Says No Way to Toyota Plant in Mexico,WSJ. Retrieved April 2017, from https://www.wsj.com/articles/trump-says-no-way-to-toyota-plant-in-mexico-1483643183 Deakins, O 2016,Managing the employment relationship in the United States, Lexology.com. Retrieved April 2017, from https://www.lexology.com/library/detail.aspx?g=4a5227d0-a1da-439b-baa3-475478a5ad7b Evans, S 2017, Toyota to axe 2600 jobs when car-making stops on October 3, Australian Financial Review, 1 February, p. 2. Garcia, F 2017,Donald Trump just threatened one of the world's biggest companies,The Independent. Retrieved April 2017, from https://www.independent.co.uk/news/world/americas/donald-trump-toyota-baja-california-plant-jobs-twitter-latest-a7511981.html Greacen, J, Chou, D 2015, Offshore outsourcing impact: an analysis of the US automobile industry,International Journal Of Management And Enterprise Development,vol.2, no. 4, pp. 387. Hertwig, M 2015, European Works Councils and the crisis: change and resistance in cross-border employee representation at Honda and Toyota, British Journal of Industrial Relations, vol. 53, no. 2, pp. 326349. Joetan, E, Kleiner, B 2014, Incentive practices in the US automobile industry, Management Research News,vol.27, no. 7, pp. 49-56. Kehoe, J 2017, Trumponomics: Wall St or economists wrong, Australian Financial Review, 30 January, p. 22. Lippert, J 2017, The new White House seriously tests Toyota, Australian Financial Review, 27 January, p. 37. Nuttall, S 2017,2016 Vehicle Sales Trends in the Australian Automotive Market, Acaresearch.com.au. Retrieved April 2017, from https://www.acaresearch.com.au/australian-market-research-blog/are-we-reaching-peak-automotive-in-australia-a-review-of-2016-vehicle-sales OSullivan, M Turner, T 2013, Facilitators and inhibitors of collective action: a case study of a US-owned manufacturing plant, British Journal of Industrial Relations, vol. 51, no. 4, pp. 689-708. Pethokoukis, J 2016, Downsides of Trumps Carrier deal, Australian Financial Review, 3-4 December, p. 15. Ritchie, G, Komo, L, Ngugi, I 2013, Key success factors of small businesses,International Journal Of Business And Globalisation,vol. 11, no. 1, pp. 86. Steiger, D 2010, Decision Support as Knowledge Creation,International Journal Of Business Intelligence Research,vol. 1, no. 1, pp. 29-47. Vlasic, B Boudette, N 2017, Carmakers react to Trump threats, Australian Financial Review, 11 January, p. 20.

Current State Of Growth Australian Economy â€Myassignmenthelp.Com

Question: Discuss About The Current State Of Growth Australian Economy? Answer: Introduction The aim of this report is to highlight on the present economic state of Australia. The Australian economy has shown a higher growth in recent decades, highlighting sturdy macroeconomic policies and structural development. The living standards of this economy improved though challenges occur from ageing population and greenhouse gas emissions. It is predicted that non-mining sector will support economic growth of about 3% in the year 2018 with further decrease in rate of unemployment (Tonts et al. 2012). Low rates of interest have also contributed aggregate demand and also sloping up risk taken by the investors and thus increasing prices of housing and mortgage lending. Currently, the nation ranks 12th largest as accounted by nominal GDP and 19th biggest in terms of purchasing power parity in the globe. The report also analyzes on the comparison of the current state (Q1 of 2017) of the economy with respect to August (Q2 of 2016) based on the macroeconomic indicators that includes- GDP , unemployment rate, inflation rate and terms of trade (Baumohl 2012) . In addition, the major issues that the economy might face over the next 12 months are also discussed in this study. Current State of the Australian Economy The economic growth of Australia reflects healthy in relation to many of their trading partners. The Reserve bank of Australia (RBA) forecasted that the nation would continue to grow up to 3.0% at the end of this year. The current condition of the Australian economy replicates that transition of this nation to post mining protract to be slow. This nation has slowed down in the first quarter (Q1) of 2017 after bouncing back from the second quarter (Q2) of 2016. The GDP of the nation has been unpredictable and has shown high growth in this quarter as compared to Q2 of 2016. However, sturdy macroeconomic as well as financial sector policies improve economic growth and high standards of living (Shahiduzzaman and Alam 2014). Moreover, expanding income inequalities and indigenous population ensures evenhanded opportunities for employing in labor market by implementing active policies of labor market. In addition, inflation rate, wage growth and unemployment rate remain subdued in the curre nt period. However, rate of employment has risen in this current year by around 61.4%. Therefore, inflation expectations and growth of nominal edge have slowed down in this quarter of 2017. Wage growth records to be quite low in this period due to continuing slack in labor market. Thus, it has been noted that labor market of this nation remains mixed in this year. GDP- Australias Gross domestic product (GDP) refers o the final value of commodities and services that are manufactured within the economy in a certain time period. GDP is measured in two ways that is in terms of current prices as well as in real terms, which is also termed as chain volume measures (Wakeel and Ullah 2013). The dollar GDP value of the economy reflects the size of the nation that is running at USD 1343.6 billion. The economic growth of this nation picks up owing to increase in consumer spending. This expenditure is based on decline in overall savings rate from 5.3% to 4.6% in Q1 of 2017. Therefore, rise in household consumption by 0.5% adds up to 0.3% GDP growth rate in 2017. Total investment contributes to 0.4% in the nations GDP while household savings decreases to 4.7%. Rate of Unemployment- Australias unemployment rate is defined as the number of unemployed persons in respect of total population of Australia. The unemployment rate of this nation reduced to 5.6% in Q1 of 2017. Recent data highlights that the total employment increases with the creation of 239,373 jobs this year. In addition, the rate of participation in labor market rises to 65.1% due to change in tax policy adopted by RBA (Kubiszewski et al. 2013). According to ABS, the nation records falling growth in wages for the workers in private sector. In essence, increase in employment growth in Q1 was due to rise in participation rate by 0.1% to 65.1% since Q1 of 2016. Rate of Inflation- Inflation is defined as sustained rise in price of the products within the economy over a certain time period. It also highlights on the decrease in purchasing power for each money unit. The ABS measures inflation rate of the country by using Consumer Price Index (CPI). Australias CPI rises to 2.1% in Q1 of 2017 owing to rise in prices of medical, tobacco and housing prices . Thus, RBA targets to decrease rates of interest for stabilizing inflation rate. Balance of trade- Balance of Trade in Australia estimates the difference between import as well as export value of products and services (Dijkstra, et al. 2013). Positive value indicates export of commodities is greater than imports (Surplus of trade) while negative value signifies export of fewer goods than imports (Deficit of trade). In Q1of 2017, the balance of trade in Australia is 888, which reflects increase of both exports as well as imports. Comparing economic performance of Australia of 2016 with 2017 Recent statistics highlights that the current condition of Australia improves from the Q2 of 2016. The GDP of this nation rises to 0.3% in Q1 of the year 2017 as compared to Q2 of the year 2016, which recorded to about 0.5%. The mining sector of Australia contributes to about 29393 AUD million in the Q1 of 2017 (Delgado et al. 2014). Moreover, finance, medical and social services hugely contributes to the growth of the nation. In addition, household consumption contributes hugely in Q1of 2017 despite weak spending in retail industries and is driven up by increasing cost in non- discretionary sector that includes gas and electricity sector. Furthermore, inventories changes also increases to AUD 2069 million, which is driven by both the retail as well as mining sector. Diagram 1: Comparison of Australias GDP Growth rate of 2016 and 2017 Source: (As created by author) The unemployment rate in Australia slows down to 5.6% in Q1 of 2017 in comparison with Q2 of 2016 that recorded to 5.7% ( Borio 2014). Fall in unemployment rate was mainly due to flow in part-time work. On the contrary, full time jobs in this nation declines to about 44800 in 2017 as compared to the year 2016. Moreover, the participation rate of the workers also increases in this quarter as compared to 2016. Still unemployment rate increases above the target level of 5%. Few causes that raises the nations unemployment rate includes: Decrease in infrastructure spending during poor economic condition shifts the laborers from this economy Some laborers quit jobs Owing to adoption of new technology, Global financial crisis during the period 2008-2009 also contributed to reduction in unemployment rate in Australia (Boons et al. 2013). Diagram 2: Comparison of unemployment rate in Australia in Q2 of 2016 and Q1 of 2017 Source: (Authors creation) The rate of inflation in Q1 of 2017 records to 2.1%, which is quite high as compared to Q2 of 2016 that accounted to 1.0%. Therefore, CPI of this economy increases due to rise in commodity prices, transport and education segment. Hence, this affects GDP and standard of living of the people in Australia. Diagram 3: Comparison of inflation rate in Australia of Q2 of 2016 and Q1 of 2017 Source: (Authors creation) Balance of trade of this nation rises to 888 billion in Q1 of 2017 due to rise in export as well as imports of commodities and services. Exports of products contribute to $24.21 billion while import of commodities adds to $6.27 billion in this year. However, Australian trade reflected negative value of -1576, which was lower as compared to Q1 of 2017. Diagram 4: Comparison of Australian trade in Q2 of 2016 and Q1 of 2017 Source: (Authors creation) Three key issues facing the Australian economy over the next 12 months Stagnating growth in wage will led to increase in underemployment that will adversely impact the growth of the Australian economy (Baker et al. 2015). It has also vital implications for underutilizations level in Australian labor market. This also adversely affects the living standards of the people in Australia. The tax system adopted by RBA will also affect overall productivity and competitiveness of the nation. Settings of taxation also affect the incentives for acquiring jobs and hence variation of tax system in Australia influences the nations living standards and participation rate. Expanding population of the nation also puts pressures on the consumers expenditure in few areas that include health care industry. However, rise in health cost associated with the adoption of new technologies for manufacturing medicines rises fiscal pressures (Angelini et al. 2015). Conclusion All these macroeconomic indicators highlights that current condition of Australia enhances in Q1 of 2017 in comparison with Q2 of 2016. Economist predicts that GDP growth rate of Australia will rise to 3% in the year 2018. Moreover, RBAs supportive monetary policy rate will improve the growth of the nation at faster rate. 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