The Value of Business Strategy to the Minerals Mining Sector of Australia – Review and Discussion of the Literature

Abstract

Centred on organisational development theory (OD) (Burke, 2011; Phelan 
& Lewin, 2000), this paper discusses the value of business strategy and decision 
making-basis for managers in the minerals mining sector of Australia. The 
effects of volatile global market cycles, oversupply conditions and price falls 
(iron ore) in economic slowdown scenarios are cited challenges that the sector 
often fails to accurately anticipate or counter. Such economic change has 
significantly impacted Australia and motivates the presentation of this paper. 
It aims to assist managers to revisit their business strategy and analyse its 
applicability in terms of organisational inventiveness and robustness in the 
minerals mining sector of Australia.