The treaty of Waitangi is the only treaty of New Zealand, which has been signed between the Maori chief and British Crown as a covenant in 1840. The primary reason why this treaty had been signed was that the British crown has the intention of New Zealand other powerful countries take over. The treaty is significant to the business practices of the Maori because it protects the rights of the Maori via providing recognition of the ownership of land to the Maori. As well as the way in which they live by mandating, the government to comply with their needs a return what have been taken from them slowly so that their faith in the government is resorted.
There are various kinds of stakeholder with which the Maori culture deals with and the significance of each of such stakeholders in the context of business is present. The primary emphasis is laid by the government organizations on indulging with the stakeholders located locally, specifically with the government and community such as pacific, Maori and voluntary group. Enhanced relationship is maintained by the maori community with respect to the British as per the treaty. Stakeholders have a primary role to play in business context and the relationship with and between them are of primary importance. It has been argued by —- that every group of stakeholders requires to comply with the rules set out by the government. The government purports the creation of a strong relationship with the local community. The relationship between the groups is important for the business for the purpose of enhancing the organization culture.
Autonomy refers to the way in which the law is managed. When any form of decision making is taken place the particular social, political and economic objectives are determined. When it comes to business practices similar provisions are applied. Various form of analysis have are allowed to be conducted by the business leaders hereby they can ensure that the business functions in a sustainable manner in the future. All rights which have been provided to the Maori people have to be valued and respected within the organization culture. Where autonomy is provided through which separate work is carried out it would results in profits for the company. For example when the employees feel valued their effort for the organization would be more and would result in more productive outcome. The process can be deployed appropriately for best results during the phase of making decisions.
The intention of the treaty was to establish a relationship of trust, peace and partnership between the parties. The treaty also signified that its prioritizes building faith on the part of the community towards the government. The creation of stronger interpersonal relationship there is a requirement of having transparent communication along with those involved in the business. Enhanced opportunities for investment are also formed as support is given to the external environment of the business. For example where the notion of partnership is incorporated into the system the business develops due to fruitful business relationships.
The Maori people have always suffered for bias and discrimination. The treaty strives to eradicate the bias and discrimination against the Maori people. The interest of the government should not be a detriment to the local community. Where there is equal treatment in the work place it ensures that the employee satisfaction is enhanced. The presence of anti discrimination practices allow for having in place a diverse workforce which enhances the productivity of the organization. For example people with diverse culture enhance the culture of the workplace.
The treaty provides for good governance of the people by the government by the people. There are various benefits of good governance practices on the contemporary business organizations. The application of good governance practices ensure that risks are managed in a better way and the business is operated in sustainable manner.
The organization, which has been selected for the purpose of this assignment, is Ngai Tahu Holdings Corporation Limited. The organization is based in NZ and operates in the investment industry. It indulges in activities such as assent management, investment and governance. The business objectives of the company are discussed below
For the purpose, achieving certain objectives investment is generally made to emphasize on focused campaigns. The concept of partnership is primary to the agenda of corporate citizen. Partnership can be a strong force, which utilizes the complementary skills of the public sector, the civil society, and provide sector for the purpose of tackling complex environmental and social issues. In relation to the business objectives the company maintains an effective relationship with the external stakeholders. It can be noted that bicultural in NZ is in relation to Maori and non-Maori group of societies. The section emphasizes on the effect of the treaty on Maori business practices. The principle provided by the treaty is used by the organization. The creation of stronger interpersonal relationship there is a requirement of having transparent communication along with those involved in the business. Another stakeholder group has been formed by the pacific people, which are about 6% of the country’s population. The maintenance of equality is done in an appropriate manner so that dealing with local community is done effectively so as to obtain mutual relationship. According to the culture of the Maori people, the organization has to direct its focus on the political, social and political objectives as well as decision making.
Same kind of culture and tradition is also followed in relation to the development of businesses. There is requirement on the part of the business leaders to acknowledge the importance external forces, which determine the future sustainability of the business. The leaders are also responsible for obtaining proper permission and consent form the Maori people in relation to their rights. The organization emphasizes on taking into consideration social and cultural initiatives. Collaborative partnership is required by the legislation so that sustainability can be obtained in the long run. The emphasis is also laid by the government organizations on indulging with the stakeholders located locally, specifically with the government and community such as pacific, Maori and voluntary group. The value of the Maori is further provided protection as the relationship between them and the crown is strengthened and formalized.
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External environment |
Identify one item that is inherent in the area |
The impact of that item on Ngai Tahu business |
The response that Ngai Tahu made to the item |
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a) Government policy |
In relation to the external environment of government policy, the one inherent item in the area is that of legislative changes. |
The impact, which legislative changes have on the company, is in relation to not being able to plan effectively. |
The response, which the organization has in relation to the organization, is that of having a constant monitoring team for law changes so that they are identified early and action can be taken accordingly. |
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b) Legislation and common law |
In relation to the external environment of taxation, the one inherent item in the area is that of payment of taxes. |
The impact, which the payments of taxes have on the company, is in relation to reduction in profit, as they may have to pay more taxes because of the increase. |
For this purpose, the company has set up an external fund through which these situations can be handled appropriately. |
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c) Economic dynamics |
In relation to the external environment of economic dynamics, the one inherent item in the area is that of investment with respect to the area of tourism for getting economic benefits. |
The impact, which such situation would have on the chosen company, is that it will lead to the creation of attraction for the tourist and the sale of equities to the private organizations. |
The response, which has been taken by the organization, is in relation to the impact is that of profit sharing with the other business that is in partnership. |
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d) Technology |
In relation to the external environment related to technology the one inherent item in the area is that of Movac Technology fund. |
The impact, which such situation would have on the chosen company, is that the company may face shortage in relations to such funds. |
The response, which the organization has provided, is that they have already secured a funding of $105 million for the funds and has opened up more opportunities of investment for future business growth. |
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e) Sustainable management |
In relation to the external environment of sustainability, the one inherent item in the area is that of sustainable development of the company in the long run |
The impact, which such situation would have on the chosen company, is that the company needs to take into consideration strategies, which would ensure the protection of the environment and would make them liable under the law if they do not indulge in sustainable development. |
In connection to this external environment factor the response that has been provided by the company, include the formation and implementation of strategies which would address the needs of the environment and the community and which would ensure that the development is sustainable in nature. |
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f) Social trends |
In relation to the external environment factor of social trend the one inherent item in the area is that of maintaining the Maori group diversity. |
The impact, which such situation would have on the chosen company, is that the company needs to take into consideration programs related to partnership charity for the members of the community. |
The response of the company is to establish a social trend in the company |
1) Tool Used
The survey discussed has been conducted taking into consideration the associated members belonging in Ngai Tahu Holdings Corporations Pvt. Ltd. For analytical purpose, questionnaire technique has been used.
2) Data Sources
In order to gain a clear idea about the management of the organisation, primary data had been gathered from the employees associated with Ngai Tahu Holdings. The participation was kept open and most of the participants were from the Maori group. The experiences of the Maori group are particularly important so that the response regarding the impact of the external environment can be analysed.
3) Impact
The analysis of the data sources help in determining the partnerships between the external environment and the investment purposes. Proper assistance is gained while developing funds related to charity so that the community can be developed. The responsibilities behind consulting the Maori people along with the free for obtaining the service, information and full consent for the right holders are considered. It has been noticed that The Equity among the stakeholders and the Maori group has helped in maintaining the initiatives undertaken to develop the social and cultural conditions along with the fair treatment. Communal transparency is maintained so that interpersonal relationship can be developed with the business partners. Long-term sustainability is provided by the relationship maintained with the external governance and a significant impact on the biculturalism in the society is developed.
4) Assumptions
The data that has been analysed provides an idea about the robust partnership that the Government agencies need to establish. The partnership need to be formed with the Maori group so that the cultural difference can be mitigated. According toClemence, Doise and Lorenzi-Cioldi (2014),in New Zealand, bicultural relationships refer to the relationship between the non-Maori and Maori groups in the society. The study focuses on the implementation of the Treaty of Waitangi on the business activities that are conducted by the Maori people. The assumptions regarding the significant contribution that help in the success of business is analysed.The new Government legislation imposed is essential for the development of collaborative partnership between the two cultures. Therefore, with the help of the community biculturalism within the society can be established.
1) Tool Used
The associate managers of Ngai Tahu Holdings Pvt Ltd have been involved in an interview method to gather relevant information. Along with the associate managers, the community members have also participated in this interview.
2) Data Sources
The collection of the qualitative data is gathered by analysing the experiences of the stakeholders, community members and the internal managers of Ngai Tahu Holdings. Topics such as social initiatives and impact of external forces were discussed. These factors help in shaping the business functions and influence the results of the research significantly.
3) Impact
The responses provided by the interviewees’ determine the impact of the external factors such as political, social and technological aspects. At the same time information about the business, investments have also been gained so that the social welfare may be developed. The promotion of biculturalism can be processed with the help of the analysis of the external factors. Additionally, investment opportunities have been created with the support received from the external environment.
4) Assumptions
The principles stated in Treaty of Waitangi have managed to follow as well as manage the equity in a proper manner and quick manner. The business helped in clarifying the objectives for the development of partnerships so that a bicultural atmosphere can be developed. The mutual trust that has been maintained between the stakeholders of the business is essential to measure the success of the business. It has been seen that the Maori group has maintained a social as well as cultural initiative and have initiated a fair treatment to sustain and maintain interpersonal relationships. Maintaining a communal transparency can help in the promotion of biculturalism and at the same time aids in creating scenarios that provides opportunities of growth in business. Serrador and Pinto (2015) is of the opinion that the representation of the voice and perspectives of local community need to be managed by the business leaders.Thereby, the effective relationship between the two tribes can be analysed properly.
Conclusion
Therefore, it can be concluded that The Treaty of Waitangi is important for the existence of the Maori culture. The relationship between the Maori tribes and the local community of New Zealand are protected with the enactment of the treaty. Even in the case of business organisations, the existence of the treaty helps in maintaining any type of discrimination between the people. In an organisation like Ngai Tahu Holdings Pvt Ltd, the stakeholders play an important role in the success of the company and likewise, the contribution of the people within the society can be easily managed. The questionnaire and the interview of the employees associated with the company suggest that the people protect the interests of the people that undertake cultural and social initiatives for the development of a society. The examples that exist denote the importance of the treaty in a business and the strategic manner in which it can be implemented provides an idea about the Government policies that exist in the country.
Ngai Tahu Holdings Pvt Ltd strives that it makes progress while trying to cope up with the cultural, social and environmental issues that exist in the market. The growth and expansion of the organisation is one of the focuses and due to this, future generations of the country can be inspired to undertake the safeguarding of the treaty. The existence of focused campaigns, have led to the investment for the success of the organisation. The impact of the external environment such as social and technological may have a negativity in the organisation. Therefore, it is necessary to analyse the impact and at the same time ensure that mitigation techniques are used so that Ngai Tahu Holdings Pvt Ltd can serve its purpose of expansion and growth in the New Zealand market.
Clemence, A., Doise, W., &Lorenzi-Cioldi, F. (2014). The quantitative analysis of social representations. Routledge.
Glaser, B. G., & Strauss, A. L. (2017). Discovery of grounded theory: Strategies for qualitative research. Routledge.
Serrador, P., & Pinto, J. K. (2015). Does Agile work?—A quantitative analysis of agile project success. International Journal of Project Management, 33(5), 1040-1051.
Simmler, C., Napolitano, J. G., McAlpine, J. B., Chen, S. N., & Pauli, G. F. (2014). Universal quantitative NMR analysis of complex natural samples. Current opinion in biotechnology, 25, 51-59.
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