BUSM4448: Business Research Design Group Assignment Help
Question
BUSM4448: This is a group-based assessment for RMIT University where the student is required to work with other team members and conduct a detailed analysis of a specific issue faced by a particular simulated workplace-based organization. Through teamwork, the assignment urges the student to identify and examine any one business research problem related to the specific company and propose evidence-based suggestions for the company. The recommendations should address how the organization’s current practices of investment concerning both internal and external activities can benefit Indegineous stakeholders.
Solution
The organization selected for analysis in the solution is Hostplus where the research problem identified is modern slavery.
The solution is divided into various sections- Introduction to the industry, Overview of the company – Hostplus, Social Challenge faced by Hostplus, Introduction to the Indigenous community, and lastly a rationale behind the choice of Hostplus for Wurundjeri people.
Introduction
The first section of the solution begins with a short introduction to the industry chosen by the student. The industry associated with Hostplus is the superannuation industry. Keep reading to know what our experts have written in this section.
Australian superannuation industry also known as super industry, is a non-profit and nonpartisan national industry for companies offering retirement pension benefits and funds to the individual workers (ASFA 2022). Employers from varied industry make compulsory contributions towards these funds on behalf of their respective employees. As of March 30th , 2022, Australian employers invested AU$3.5 Trillion invested with the superannuation assets (ASFA 2023).’
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Overview of the company – Hostplus
The next section provides a background for Hostplus. Our experts have ensured that all the relevant information about the company is highlighted here to orient the reader to the social issues faced by the company.
Established in 1988, Hostplus was founded by the United Workers Union and the Australian Hotels Association (AHA), in Australia (Hostplus 2023). Today, the company has become one of the largest super funds in the country with over 294,000 employers and funds of $97 billion under its management (Hostplus 2023). The structure of Hostplus involves Board of Trustee and Leadership Team. The activities within the company are managed by the Board of Trustee directed by David Elia as Chief Executive Officer. This board comprises of employers as nominated by the AHA and the employees as nominated by United Workers Union.
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Social Challenge Faced by Hostplus
In the next section, our experts have described the most significant social issue faced by the company. Our experts have written how modern slavery can pose a big challenge for the supply chain of the company.
Hostplus acknowledges that given the range of portfolios, some of the investee companies and the assets of the company may be exposed to risks of modern slavery. Modern slavery is a social detriment that compromises basic human rights of an individual (Benstead et al. 2021).
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Introduction to the Indigenous community
The following section highlights how the services of Hostplus can be used to provide services to the indigenous population of Australia. The specific target population from the indigenous community selected by our experts is the people belonging to the Wurundjeri community.
The indigenous community that Hostplus can help serve is the Aboriginal Community within Australia. Within this indigenous group, Hostplus will target the Wurundjeri people of Australia.
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The rationale for the choice of Hostplus for Wurundjeri people
Lastly, our experts have also described why Wurundjeri people are chosen as the Indigenous community members who can be served by Hostplus.
Headquartered in Melbourne, the Wurundjeri people are known to be the traditional owners of the Yarra River Valley. This group believes that they are custodians of the land and the Elders in past and present.
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