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

Roles and responsibilities of different stakeholders of Treaty of Waitangi

Discuss about the Bicultural and External Business Environment.

This assessment is basically focused on the Treaty of Waitangi (TOW), the founding document of New Zealand and its analysis. It was first signed by the representatives of Maori Chiefs and British Crown in the year 1840 from New Zealand. It is of the most important documents in the history and politics of this country. It is highly crucial in the framing of the political relations in between the Maori population and the government of New Zealand (
Xuefei, 2018). This paper is going to elaborate on the evaluation process of the implications of Treaty of Waitangi and the outcome of all these implications on the current business practices in a bi-cultural environment in the country of New Zealand. This paper shall also present the key characteristics of the Maori business practices and impact of the external environment on the business organisations for strategic planning.

Answer- The roles and responsibilities of the different stakeholders of the Treaty of Waitangi include:

• The local authorities has an essential part in the advancement process in the strategic level coordination as well as integrated service delivery at local level.
• The community and the voluntary sector represent the voice along with the perspectives of the local communities (Blackley et al., 2015)
• Most of the community and the voluntary sector agencies are the service providers in their very own right who work in collaboration with the government agencies in order to meet the local needs
• Strengthening the partnership and relation in between Maori and government
• Developing effective involvement and consultation of the themselves with the treaty members
• Developing the potential of the communities as well as the community providers (Came, Cornes & McCreanor, 2018).
• Improving the responsiveness of the government agencies to Pacific groups and Maori.

Answer-The Treaty of Waitangi is the only treat in New Zealand that was signed inn between the Maori Chiefs and the British Crown as a contract in 1840 with an intention of the British Crown to get make New Zealand colonise before some other instances taking place over the nation would assume control. This charter is very important to the current business environment as because of the fact that it makes sure that the Pakeha and the Maori rights are both protected and secured in terms of accepting the rights of Maori iwi (Tribe) (Moon, 2015). It also recognise the ownership of the Maori land as well as protecting the way of their life. They are also protected in terms of requiring the administration in order to meet the requirements of theirs and then give back what it took from the people. The charter of Waitangi also makes the government held answerable for confronting the grievances of the aboriginal people as well as to establish equality among the New Zealanders under the country’s law (Henry & McNeill, 2017). The treaty also gives the Maori their right of owning their own land and this has led to larger settlements concerning land and cash. Most of the iwi tribes today are utilizing this to do operate the business and have also become crucial employers in the nation, for example Wakatu Corporate (Thomas, 2015). It also gives Maori the right to fish their waters there and now they are able to conduct their businesses like exporting overseas and fisheries that brings enough money into the economy of New Zealand (Jacobson et al., 2016). With the same, it also gives remembrance to culture as well as businesses need to treat the aboriginal people in fair way concerning employment opportunities (Wilson, 2015). It is also to mention that one of the most important features of Treaty of Waitangi is equality. Hence, any business that is emerging in New Zealand are now bound to give each and every one equal opportunities in terms of employment and they should not practise any sort of discrimination in their organisations (Larner, 2016). Hence, the treaty plays a very important role in the operation of businesses in New Zealand in today’s date.

Importance of Treaty of Waitangi in current business practices in New Zealand

Answer- The below are the four business objectives of the Ngai Tahu Holdings in terms of their operation efficiencies and business growth:

• Increasing the equity of the stakeholders as well as extending the resource base of the business.
• Provide Te Runanga with monetary return per year through the Ngai Tahu Charitable Trust in order to facilitate the current cultural, environmental and social initiatives (Eketone & Walker, 2016).
• Developing the businesses for the upcoming generations
• Growing the future strategy as well as assessing the opportunities Ngai Tahu Holdings Corporation controls a diverse portfolio of the investments all across the four subsidiary organisations- NGAI TAHU Seafood, NGAI TAHU Capital, NGAI TAHU Property and NGAI TAHU Farming (Harmsworth, Awatere & Robb, 2016).

The Ngai Tahu Holdings Corporation trusts that building up of the key organizations is the most important and central for attaining the long-term financial goals and aspirations (Ge, Stringer & Ding, 2017). It comprise of the concept of building up of good relationships among the local government entities and the Crown, iwi tribe as well as the other different like-minded commercial organisations (Anaya, 2015). One of the best example of this to mention in this context would be the joint venture relationship in between the Christchurch City Council and the Ngai Tahu Property that saw the fruitful improvement of new council building. It is to note that this undertaking was one among the foremost public and private associations in New Zealand.

Answer- power point presentation

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
Government policy	v  Law change	v  The change in the government policies influences the rate of interest, and raises the cost of borrowing in the businesses communities. v  This has led in the decrease in the number of clients’ spending.	v  It is one of the major political force in Te Waipounamu.
Legislation and common law	v  Inconsistency in legislation	v  Internal Treaty issues, for example- the health-funding legislation v  The Treaty of Waitangi breaches	v  Ng?i Tahu have a notable interest on how legislation would recognise the interest of iwi and it provides for the iwi participation in the ptocess of decision-making.
Economic dynamics	v  Rise in rate of inflation of the economy v  Rise in interest rates v  Rise in the foreign exchange rates	v  It is one of the major economic force in Te Waipounamu.	v  Ngäi Tahu is nationally acknowledged as a significant contributor in the welfare of the Te Waipounamu and Aotearoa (May, 2010).
Technology	v  Automation v  Research and development	v  The communication technology is providing new avenues for the people of New Zealand for being enriched as well as to contribute to the Ngäi Tahutanga notwithstanding the issue of location and time. v  The Attendance at the events of Ngäi Tahu is increased because of excellent communication of the information as well as innovative ways of providing access to the venues, for example, video conferencing.	v  All the Ngäi Tahu Whänui are benefitted from the Te Rünanga o Ngäi Tahu initiatives. v  All the Arrangements are in place to make it sure that Ngäi Tahu Whänui are living outside the takiwä would be better able to take part in the tribal activities.
Sustainable management	v  Change in climate	v  Limiting the operation of the corporation for a specific period of time.	v  Weather changes cannot be controlled by anyone and so is in the case of  Ngai Tahu Holdings. Therefore, it is taking initiative to cope up with the weather condition and do its operation effectively.
Social trends	v  Cultural trends v  Demographics v  Population analytics v  Change in customer behaviour	v  The human resource capacity of Ngäi Tahu Whänui is highly untapped v  The cultural, Social, as well as Papatipu Rünanga development are all inextricably related. v  The participation of Ngäi Tahu Whänui in the iwi affairs is very low (Hutchinson, 2014). v  The age structure of Ngäi Tahu Whänui would change notably over the coming 25 years.	v  The 18 Papatipu Rünanga provide a proper political, cultural, economic, and social mechanism for the development of whänau and hapu.

Apply a quantitative analytical tool used to measure one area of growth of Ngai Thau Holdings.

• State the tool uses- Structured data collection instruments. The online surveys have produced statistical data from a wide range of sources.
• Data source showing the growth

With the same, as of the annual report of Ngai Tahy Holdings group of the year 2017, the total operating surplus of Ngai Tahu was increased to $65.33 million and the total profit was increased to 126.78 million dollars (Tipa et al., 2017). The operating return on the equity was 5.05% and the net return on the equity on a five years of average was 17.7%.

Financial  performance	2012- 2013	2013- 2014	2014- 2015	2015- 2016
v  Non- operating adjustments v  Operating surplus after interest v  Tribal Development and Distribution Expenditure v  Profit attributable to Ng?i Tahu Holdings	28,891 50,859 28,719 79,750	77, 975 83,452 29,317 161,427	41,179 76,245 35,321 117,424	106,728 104,041 41,784 210,769

From the above data of 2017, it can be easily stated that the overall performance of the Ngai Tahu holdings group has been significantly increased each and every year right since the year 2012 to 2016 and it is still operating profitably in its region.

• The impact that is evident by the measurement- The measurement of the impact differs significantly in between the projects and the disciplines (Reid et al., 2016). A positive impact is seen on the recreational and customary as well as on the commercial availability. Along with that such a significant growth would help it in sustaining the health of the fisheries as well as in creating opportunities for growth and development of the industries in New Zealand (O’Regan, 2016).
• Any assumptions or trends as shown by the tool- The age structure of Ngäi Tahu Whänui would change notably over the coming 25 years,

• State the tool uses- Depending on interacting interviews with some group of people
• Data source showing the growth- Survey across the group in order to look at the organisational behaviours as well as the delivery of the results to Whanau.
• The impact that is evident by the measurement- As shown from the measurement, there is the corporation is positively growing and developing in the recent era.
• Any assumptions or trends as shown by the tool- The results are indicating that there were several areas where the corporation could improve on and they are comprising of better communications from executive part as well as wider dissemination of the information and news (Cikaliuk et al., 2017). Many activities were been implemented in relation to it and the feedbacks have always been positive.

Conclusion

In all, the paper has examined the standards of the TOW and also bicultural establishments of Aotearoa New Zealand as it is embedded in the treaty concerning the business activities and relationships and utilising the tools and frameworks for the analysis of the external and internal environments along with their impacts of the business organisations for the purpose of strategic planning as well as for the process of decision making. It has also examined the impacts of it on the business organisations for the management for effective management practise and strategic planning in terms of business environment.

References:

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