presentation assignment increase my oral and cooperation ability. It is helpful to my career because I may make presentation many times in the future.
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Hello, Respective managers.
I am Weigang Zhang, and here is my partner Xin Miao. Today, our topic is about BT finance’ goal to address poverty issues in Australia and achieve the SDG. We will introduce the situation of poverty in Australia and give two recommendations which are supporting education grants and low interest rate loan. Although, some necessary cost will appear when carrying CSR. However, this also bring out company some obvious advantages, such as brand image improving and potential customers increasing.
Although Australia is a developed country, it still faces the challenge of poverty. According to a research from ACOSS (Davidson, P. et al. 2018)., there are more than 3 million people suffering from poverty in Australia after 2015.
Now let us look the figure in slide for more information. In this figure, poverty population in Australia is divided by age. You may be shocked, because it shows about half of the poor people are in working age. In addition, another obvious characteristic is the large amount of child poverty, we can find that over 24 percentage of poor people in Australia are children.
Since that two characteristics, we listed two solutions which are supporting education to help children and low interest rate loan to lead young people to get more opportunities out of poverty.
Now, let us move into first recommendation “Supporting education grants”. BT finance can set up new school for poor children. However, as a financial company, BT finance may be lack of experience, so donating to education organization is more recommended. Let us look at the left of slide, the photo of a girl who get help from organization and enjoy school, the picture also offer data to show the large influence of that organization. We think BT finance can cooperate with these successful organizations and help poor children.
Many companies in the world are helping education of poor children, we list some of these companies here. Now, let us pay more attention to the last searching result in the mid of the slide, “Buy an ornament, bless a child” from a company named ornament 4 orphans, this attract customers who have wish to help orphans and make the company build better image to gain attention from medias.
We think BT finance can attract customers as well with supporting education grants, as a result, it can benefit BT finance in short term. In addition, solving the issues can help the company gain media attention, which will help it win long-term business.
Then, let us welcome Xin Miao to continue the presentation with more recommendation and advice to BT finance.
Hello, everyone. I am miao xin. I will suggest and explain second recommendation to you. Our company can reduce the loan interest rate to the poor and set up alleviation projects. When poor people lend money from our bank, we could borrow them in lower interest rate than normal people. An important reason why the poor is hard to become rich is because it is difficult to borrow money. Many banks would not like to lend loan to the poor because they are worry about the poor will spend the money in living cost instead of earning money. However, if our company could set up some poverty alleviation projects at the same time to lead the poor using the money. The money will be used reasonable and efficiently and we can avoid this happen. For example, when the poor receive money, they could invest the money in some small business. Then they could return the capital to bank after earning money. This recommendation will help poor people create their own business. Then help more unemployed people find jobs when the small business expands. Creating jobs could be the best pathway out of destitution, after jobs appearing, working hours increasing, and wages up, the economic situation trues better (Danziger, S., Chavez, K., & Cumberworth, E. 2012). There are two main advantages after implementing the recommendation. In shot term, this project will bring us some interests. In long term, these poor people will become our potential and loyal customers who can bring us huge economic benefits.
These two recommendations won’t cost our company much because our company mainly raise money from social instead of shareholders. Then these projects could bring us good reputation, obvious profit and potential economic customers. Therefore, it is extremely worth to adopt it.
In summary, I suggest our company to solve the Australia poverty issue in terms of dropout students and unemployment through CSR behavior. Our company could alleviate the issue through supporting education grants and decrease loan interest rate. After that, these behaviors will bring us good brand image and customer loyalty. Therefore, I hope our company could implement these plans to solve the issue.
Davidson, P., Saunders, P., Bradbury, B. and Wong, M. (2018), Poverty in Australia, 2018. ACOSS/UNSW Poverty and Inequality Partnership Report No. 2, Sydney: ACOSS.
Danziger, S., Chavez, K., & Cumberworth, E. 2012. “Poverty and the Great Recession.”, Stanford, CA: Stanford Center on Poverty and Inequality. “Five companies dedicated to helping the world’s poor.” (2015, June 17). Retrieved from https://borgenproject.org/5-companies-dedicated-helping-worlds-poor/
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