Implications Of The Treaty Of Waitangi On Business Practices In New Zealand

Treaty of Waitangi

Emphasize upon the implications of the Treaty of Waitangi.

It can be mentioned that in the New Zealand Society business transactions are to a great extent influenced by the multicultural heritage of the country. The business operations and transactions in the aforementioned country are affected by the societal perspectives. It is due to this reason that a formalized relationship between the Maori, the natives of the country and the British settlers has a great impact on the culture of the country which in turn helps in protecting the customs, traditions and the values of the Maori people. It has been opined by Kelsey (2015), that the Waitangi treaty had marked the foundation of the modern state which is located in New Zealand. It is worth mention that the biculturalism in the country New Zealand generally denotes the culture of the Non Maori societies and Maori societies.

In this study, the implications of the Waitangi treaty on the business transactions and operations in New Zealand will be focused upon. It is worthwhile to mention that having a good understanding of the key characteristics of the Maori people is essential to assess the impact of the aforementioned treaty on the business practices of the Maori people. This study will further discuss elaborately the impacts of the external businesses during the process of strategic planning. In this study the qualitative as well as the quantitative tool will be used for the purpose of measuring the growth of the New Zealand business, Ngai Tahu Holding, being affected by the biculturalism in the country. It is important to mention in this regard that the aforementioned company focuses on a portfolio which is diversified in nature and which concentrates on investing appropriately to the socio cultural initiatives. It can further be mentioned that this study will also shed light on the impacts of the opportunities and the impacts of the external forces which affect the development of partnerships between internal and external shareholders.

Identification of the role of the Stakeholders in the Treaty of Waitangi

The culture of the Maori tribe deals with the contribution of the different types of stakeholders. It can be stated that every stakeholder plays a majorly important role in the context. The government organizations of the country mostly emphasize on working closely with the local stakeholders, the local community, the Maori people, the pacific group and the voluntary sectors. It has been provided in the Treaty of Waitangi that the Maori group maintains special relationship with the British Crown which is essential for providing the basic framework after recognizing the provisions as provided in the treaty. It has been pointed out by Orange (2015), that each stakeholder in a group needs to collaborate with the government agencies so as to obtain the desired results.

Identification of the role of the Stakeholders in the Treaty of Waitangi

However, government agencies on the other hand are required to establish partnership arrangements with the people of the Maori group. The government agencies engage formulating evaluating and delivering strategies and policies. For the purpose of formulating, evaluating and delivering such policies the coordination of the government agencies with the Maori people is essential. It is worth mentioning that the collaboration between the government agencies and the Maori people is of utmost importance for the improving the cultural appropriateness of the services provided by the company (Wepa, 2015).

It is worth mentioning that the local authorities are the other relevant stakeholders in this context.

The local authorities play the key role in development of strategic level coordination. It has been opined by Tsui et al (2018), that the local authorities must also ensure integrated service delivery at the local level. The collaborative partnership becomes necessary for the operations of the business when new government legislation is imposed. It is worth mentioning that another stakeholder group which is relevant in this context is the voluntary and community section which plays major responsibilities. The first responsibility is to represent the perspective and the voice of the associated with the local community group. The second responsibility of the stakeholders in this context is to meet the needs of local communication and provide the right to work to the appropriate voluntary group. In the opinion of Orange (2017), the pacific people can be categorized into another stakeholder group which constitutes six percent of the population of New Zealand. However, the population of the Pacific people is expected to be doubled by the year 2050. The Pacific people have been observed to be involved with the range of community based people so as to perform their operations more effectively and efficiently.

Relevance of the principles of the Waitangi Treaty

It has been opined by Xuefei, W. (2018) that the Waitangi Treaty is required to determine the application or the demolishing of the Crown Act. The principles of the Waitangi Treaty can be considered to be relevant in terms of developing the operations of the business of the company in consideration. The treaty even creates a relationship between the Maroi people and the British culture which in turn help in protecting the practices, values and the traditions of he Maori people.  The important principles which are relevant to the operations of business are enumerated and discussed elaborately below:

• Authority- It is worth mentioning that the aforementioned treaty takes into consideration and emphasizes on the autonomy of managing the laws of the company. The Maori traditions and customs help to identify and determine political, social and economic rights and objectives for the purpose of making important business traditions.  The similar traditions are followed for the purpose of business development. In the opinion ofHayward & Wheen (2015), business leaders are required to prioritize the impacts of the external and the internal forces which ultimately determine the sustainability of the parameter in the future. It can be stated that the individual rights are appreciated within the workplace.
• Partnership- The aforementioned treaty has been identified by the court of appeal as partnership between the races. The court implied that the aforementioned treaty required building faith which eventually turns out to be characteristic obligations of the parties in consideration.
• Autonomy

The basic rule of the Treaty is to make sure that the autonomy plays a role in handling the existing customary laws. The traditions of Maori is to establish the social, political and economic norms and the general rights to make the required and specific decisions. While dealing with the development of the business, there are parallel traditions that are considered. Therefore, in this regard, it is noteworthy to mention here that the leaders of the business needs to prioritize the necessary impacts of the external forces which help in establishing the range of sustainability in the future. The existing rights of the individuals should be appreciated inside the place where they are working (Austin & Pedlow, 2015). The principles of the company should be followed thoroughly for the benefit of the company. When the autonomy is provided for working separately and forming the exclusive result that will be considered to be profitable for the company. This rule however, is applicable in the affairs of the business operations at the time when the decisions are being taken in the company.

Relevance of the principles of the Waitangi Treaty

Equity

Equity is considered to be another rule of the Treaty for maintaining the equity that exists between both the parties involved. As per the law of partnership, it proclaims the fact that the interest of the settler must not be made a priority as it is treated to be a demerit of Maori. In the workplace, it is important to preserve the workplace who can develop a better type of work opportunities for this company that will be beneficial for it in the future and for a longer period of time. This will help in advertising and promoting the biculturalism for maintaining the collaborations that is a part of it among the group or tribe of Maoris including other members as well. In this regard, it is important to state here that there must be fair treatment and equal number of opportunities during the process of considering the development of the existing benchmark or professional parameter. Therefore, this case is treated to be a parallel business scenario as the maintenance of the decisions made should be fare and equal and it is hence necessary.

Equal Treatment

The Treaty of Waitangi has a few philosophies that help in establishing the necessary fair treatment between the existing groups and Maori. The interests associated with it should be similar for each and every group that is within the scope of a business context (Harmsworth, Awatere & Robb, 2016). Thereafter, it has been observed that there are four basic rules that play a significant role within the scenario of the business in New Zealand by considering the concept of biculturalism. When these necessary rules or philosophies are managed, it is quite indispensable to undertake the decisions of the business accordingly.

Basic Four principles of the Ngai Tahu Holdings

In New Zealand, the Ngai Tahu Holdings Corporation Limited is considered to be a an investor company (Kelsey, 2015). This company, therefore, has an effective and active approach when the concern is about the assets, investments and governance. Thus, following are the basic four principles of the company:

• This particular business however aims at the increase in the equity of the shareholders along with the concept of expansion of the base of the assets related to the commercial zone.
• In the process of facilitating the present social and cultural initiatives and environmental, the annual revenue incurred will be given back to Te Runanga via the Charitable Trust of Ngai Tahu.
• It has been observed that this company therefore engages itself in managing the diversified portfolio of the investments made by using the relevant opportunities and the future strategies that will help in the development process.
• It is necessary for the company to heed attention for the development process and growth of the business for the present and future generation.

External stakeholders must nourish the bicultural partnership

By analyzing and observing the business principles, it can be said that the company has maintained the necessary partnerships with the external stakeholders. It can be said and noticed the bicultural in New Zealand generally explains and discusses the non-maori and the maori groups existing in the societies. The main focus of this study is laid on the implications of the Treaty of Waitangi on the practices that are related to the group of Maori. Along with these principles that are a part of the Treaty of Waitangi during undertaking the operations of the business (Bennett & Liu, 2018). In this regard, it is worthwhile to refer here that to maintain the communicational transparency for developing a relationship that is more interpersonal with the partners of the business. The equity of this business has accurately maintained in dividing the benefits and merits that are mutual while handling the local communities (McNeill, 2017). According to the tradition of Maori, there is a requirement of the individuals to concentrate on the social, political and economic principles along with the existing rights before taking any sort of decisions.

Equity

When there is a scenario of development of business, there are parallel traditions that are taken into consideration and must be followed. The leaders of this business are needed to prioritize the impacts, which are related to the external forces for establishing the parameter of sustainability in the end. Thereafter, it takes into account the duties and responsibilities of the Maoris by gaining entire consent from the right holders. Collaborative partnership is required to sustain further. These governmental organizations highly focus on carrying out the activities with the local community and the stakeholders. It also creates a relationship that is formal in nature as it exists between the British culture and Maori and protects their values. Thereafter, it forms opportunities of investment by gaining support from the environment. The equity is maintained for growing and developing relationships that are interpersonal with the business partners. Lastly, it can be concluded by stating that there must be equal distribution of rights by taking into account both the mutual benefits of the parties.

The effects of external environment on holdings of Nagi Tahu

External Factor	Inherent factor that affects business	The effect of the factor on business processes of Nagi Tahu	Nagi Tahu’s strategic response to the inherent factor
Legislations and compliance	Taxation requirements statutorily prescribed	Increased investments from the reserves of the company.	Distribution through lower cost channels and more cost effective marketing.
Economic considerations	Investments in the tourism industry as it is seen as a key revenue booster.	Tourist spots are created and special attractions are crafted in ways that ensure an increased inflow of tourists.	Benefits are mutually distributed with partnership businesses.
Government sanctions and policies	Amendment of laws and regulations	Settlement of investments with various partners tied to the business.	Charitable associations created in order to ensure that all hindrances created by the same are circumvented.
Technological advancements	Movac Technology Fund	Raised considerable amount of funds for research and development processes to increase profitability.	An increased business opportunity to raise investments and to ensure increased profitability.
Societal trends	Maori groups ideally need to maintain diversity among their various groups	Community charity programmes that engage focus groups and provide financial aid.	Sustainable development which adheres to the needs of such lower income groups and provides concrete grounds for future generations.
Sustainable management processes	Generation gaps that  divide the various business strategies employed by different generations	Trusts and charities engage a vital role through which environmental factors are curbed.	Mobilizing capital assets in order to ensure future prospects of profitability.

Employed processes

The quantitative data analysis for these issues is a survey questionnaire embodying questions relating to the issue in a way that will aid statistical representation of the same (Hall & Rusher, 2013). This survey was conducted by presenting the questionnaire to various members of the company ”Nagi Tahu Holdings Corporations Pvt Ltd”.

Data sources

As stated above the conducted study required various responses from individuals as the same was based on an analysis of primary data (Keen, 2013). In any case the ideal way to conduct such a survey is to employ internal sources. Thus employees and associates of the company were selected for the study a majority of whom belonged to the Maori Groups.

Impacts

From a precursory analysis of the responses given in the questionnaires the following impacts are brought out. The first result that is noticeable is that the responses indicate that a partnership formed between the venture and the various external environment entities (Business, 2014). This also optimises profitability and encourages diverse investments on behalf of the company. Consultation of Maori groups in light of the same are taken and it would lead to a consensual use of their rights to form concrete bonds that enhance business activities with the various people of the same group. These also help curb discriminatory activities within a business structure and change the way in which business relationships within such a sphere function.

Equal Treatment

Assumptions

The study was ideally aimed at gaining a better understanding of the effects of the Treaty of Waitangi on business transactions or business processes and also business mechanisms which involve members of the Maori groups (Ericksen, Berke & Dixon, 2017). Thus the first assumption made was that members of the Maori groups need to engage in more business relationships to enhance business activities. It also assumes that the effects of each of the various external environmental factors which are analyzed remain constant as far as their structure and operation is concerned. A change in any of these factors would ideally project a fabricated analysis of the regulation of the same.

Tool used

Primary data analysis is a comprehensive analytical approach which statistically interprets various personal or interpersonal responses (Hayward, 2013). In case of this second leg of primary data analysis an interview was conducted to obtain responses relating to the same.

Data sources

As stated above conducting an interview would be an ideal primary data collection method and the same is employed to get a more comprehensive look at the questions of the study. Similar to the processes regarding the questionnaire, internal sources need to employed to ensure authentic data collection (Paton at al., 2014). This is mostly credible because of the information available to internal staff of a particular venture. For the same reasons the interviews conducted were on internal managers. However external sources who are involved in the same line of business or are external environmental factors have also been interviewed to ensure a more wholesome approach to the study.

Impact

The study has been conducted to analyze and identify all material implications of the Treaty of Waitangi on business process which involve members of the Maori groups. In understanding the same the socio-cultural differences between people need to be analyzed and understood. The revenue structures of these business process are largely dependent on political and environmental conditions pertaining to businesses of the Maori groups (Kelsey, 2015). The idea that a reasonably dated venture which uses the rights of the people is changed in a way that ideally ushers in increased revenues is obsolete in case of Maori groups. In any case the way that these processes employ indigenous business strategies to earn increased revenues is also largely dependent on the socio-political climate aimed at business processes involving Maori groups. In case of such a group dynamic a free flow of interpersonal communication is the sole way to ensure effective marketing and standard revenue figures.

Assumptions

In interpreting the findings of the people it is essential to make sure that reasonable assumptions are made which are ideally the dependent variables in the scenario. For this study it was assumed that revenue figures for all industries which pertain to business process of Maori groups are affected by the same external environmental factors (Shenkar, Luo & Chi, 2014). This thus ensures that the business process are uniformly affected by all these factors.

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