MAB Corporation
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MAB Corporation
MAB Corporation is an integrated property company that creates, owns and manages property assets and built environments throughout Australia. The company was founded in 1995 by Michael Buxton, who began his career working in his family's business, and Andrew Buxton, who started out working in the quarry and asphalt industry. MAB Corporation is an Australian company that develops commercial, residential, retail and industrial properties. In particular, the company has played a significant role in reshaping the city of Melbourne, the capital of the south eastern state of Victoria. Developments undertaken recently by MAB Corporation include the village of NewQuay in the Docklands precinct and Bundoora's billion dollar mixed-use estate, University Hill. The company also played a major role in the 'rebirth' and development of the city's once very industrial bay side suburb of Port Melbourne. With $1.5 billion in projects completed or commenced, MAB Corporation generates approxima ...
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Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Retail
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a very ancient history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar and online retailing. Digital technologies are also affecting the way that consumers pay for goods and services. Retailing support services may also include the provision ...
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Business
Business is the practice of making one's living or making money by producing or Trade, buying and selling Product (business), products (such as goods and Service (economics), services). It is also "any activity or enterprise entered into for profit." Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company, such as a corporation or cooperative. Corporations, in contrast with Sole proprietorship, sole proprietors and partnerships, are a separate legal entity and provide limited liability for their owners/members, as well as being su ...
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Innovation
Innovation is the practical implementation of ideas that result in the introduction of new goods or services or improvement in offering goods or services. ISO TC 279 in the standard ISO 56000:2020 defines innovation as "a new or changed entity realizing or redistributing value". Others have different definitions; a common element in the definitions is a focus on newness, improvement, and spread of ideas or technologies. Innovation often takes place through the development of more-effective products, processes, services, technologies, art works or business models that innovators make available to markets, governments and society. Innovation is related to, but not the same as, invention: innovation is more apt to involve the practical implementation of an invention (i.e. new / improved ability) to make a meaningful impact in a market or society, and not all innovations require a new invention. Technical innovation often manifests itself via the engineering process when the prob ...
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Strategy
Strategy (from Greek στρατηγία ''stratēgia'', "art of troop leader; office of general, command, generalship") is a general plan to achieve one or more long-term or overall goals under conditions of uncertainty. In the sense of the "art of the general", which included several subsets of skills including military tactics, siegecraft, logistics etc., the term came into use in the 6th century C.E. in Eastern Roman terminology, and was translated into Western vernacular languages only in the 18th century. From then until the 20th century, the word "strategy" came to denote "a comprehensive way to try to pursue political ends, including the threat or actual use of force, in a dialectic of wills" in a military conflict, in which both adversaries interact. Strategy is important because the resources available to achieve goals are usually limited. Strategy generally involves setting goals and priorities, determining actions to achieve the goals, and mobilizing resources to execu ...
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Sales
Sales are activities related to selling or the number of goods sold in a given targeted time period. The delivery of a service for a cost is also considered a sale. The seller, or the provider of the goods or services, completes a sale in response to an acquisition, appropriation, requisition, or a direct interaction with the ''buyer'' at the point of sale. There is a passing of title (property or ownership) of the item, and the settlement of a price, in which agreement is reached on a price for which transfer of ownership of the item will occur. The ''seller'', not the purchaser, typically executes the sale and it may be completed prior to the obligation of payment. In the case of indirect interaction, a person who sells goods or service on behalf of the owner is known as a salesman or saleswoman or salesperson, but this often refers to someone selling goods in a store/shop, in which case other terms are also common, including '' salesclerk'', ''shop assistant'', and ''r ...
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Projects
A project is any undertaking, carried out individually or collaboratively and possibly involving research or design, that is carefully planned to achieve a particular goal. An alternative view sees a project managerially as a sequence of events: a "set of interrelated tasks to be executed over a fixed period and within certain cost and other limitations". A project may be a temporary (rather than a permanent) social system ( work system), possibly staffed by teams (within or across organizations) to accomplish particular tasks under time constraints. A project may form a part of wider programme management or function as an ''ad hoc'' system. Note that open-source software "projects" or artists' musical "projects" (for example) may lack defined team-membership, precise planning and/or time-limited durations. Overview The word ''project'' comes from the Latin word ''projectum'' from the Latin verb ''proicere'', "before an action," which in turn comes from ''pro-'', which d ...
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Port Melbourne
Port Melbourne is an inner-city suburb in Melbourne, Victoria, Australia, south-west of Melbourne's Central Business District, located within the Cities of Melbourne and Port Phillip local government areas. Port Melbourne recorded a population of 17,633 at the 2021 census. The area to the north of the West Gate Freeway is located within the City of Melbourne, with The area to the south located within the City of Port Phillip. The suburb is bordered by the shores of Hobsons Bay and the lower reaches of the Yarra River. Port Melbourne covers a large area, which includes the distinct localities of Fishermans Bend, Garden City and Beacon Cove. Historically it was known as Sandridge and developed as the city's second port, linked to the nearby Melbourne CBD. The formerly industrial Port Melbourne has been subject to intense urban renewal over the past three decades. As a result, Port Melbourne is a diverse and historic area, featuring industrial and port areas along the Yarra, ...
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Suburb
A suburb (more broadly suburban area) is an area within a metropolitan area, which may include commercial and mixed-use, that is primarily a residential area. A suburb can exist either as part of a larger city/urban area or as a separate political entity. The name describes an area which is not as densely populated as an inner city, yet more densely populated than a rural area in the countryside. In many metropolitan areas, suburbs exist as separate residential communities within commuting distance of a city (cf "bedroom suburb".) Suburbs can have their own political or legal jurisdiction, especially in the United States, but this is not always the case, especially in the United Kingdom, where most suburbs are located within the administrative boundaries of cities. In most English-speaking countries, suburban areas are defined in contrast to central or inner city areas, but in Australian English and South African English, ''suburb'' has become largely synonymous with what ...
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University Hill, Victoria
A university () is an institution of higher (or tertiary) education and research which awards academic degrees in several academic disciplines. ''University'' is derived from the Latin phrase ''universitas magistrorum et scholarium'', which roughly means "community of teachers and scholars". Universities typically offer both undergraduate and postgraduate programs. The first universities in Europe were established by Catholic Church monks. The University of Bologna (), Italy, which was founded in 1088, is the first university in the sense of: *being a high degree-awarding institute. *using the word ''universitas'' (which was coined at its foundation). *having independence from the ecclesiastic schools and issuing secular as well as non-secular degrees (with teaching conducted by both clergy and non-clergy): grammar, rhetoric, logic, theology, canon law, notarial law.Hunt Janin: "The university in medieval life, 1179–1499", McFarland, 2008, , p. 55f.de Ridder-Symoens, Hilde''A ...
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Bundoora, Victoria
Bundoora is a suburb in Melbourne, Victoria, Australia, north-east of Melbourne's Central Business District, located within the Cities of Banyule, Darebin and Whittlesea local government areas. Bundoora recorded a population of 28,068 at the 2021 census. Bundoora is the headquarters of La Trobe University, Bundoora Campus. Royal Melbourne Institute of Technology (RMIT) also has a campus situated in Bundoora. The word Bundoora is derived from "Kelbundoora", the name of a 19th-century Wurundjeri tribesman.http://www.darebin.vic.gov.au/Files/language_aboriginal.PDF History The Bundoora area was originally inhabited by the Kurnaj-berring tribe of the Wurundjeri clan. Prior to European settlement, there were several large wetlands that were utilised by members of the Kurnaj-berring tribe.La Trobe University, 'History of the area', ''La Trobe Wildlife Sanctuary'' ebsite , accessed 29 Oct. 2015. Europeans first arrived in the Bundoora area, known at the time as the Parish of ...
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Melbourne Docklands
Docklands, also known as Melbourne Docklands, is an inner-city suburb in Melbourne, Victoria, Australia, west of Melbourne's Central Business District, located within the City of Melbourne local government area. Docklands recorded a population of 15,495 at the 2021 census. Primarily a waterfront area centred on the banks of the Yarra River, it is bounded by Wurundjeri Way and the Charles Grimes Bridge to the east, CityLink to the west and Lorimer Street across the Yarra to the south. The site of modern-day Docklands was originally swamp land that in the 1880s became a bustling dock area as part of the Port of Melbourne, with an extensive network of wharfs, heavy rail infrastructure and light industry. Following the containerisation of shipping traffic, Docklands fell into disuse and by the 1990s was virtually abandoned, making it the focal point of Melbourne's underground rave scene. The construction of Docklands Stadium in the late 1990s attracted developer interest in the ar ...
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