Woolworths Essays

In accordance to the annual report of Woolworths Limited 2016, the current accounting practice that is applied to the business regarding its inventory disclosure includes; a perpetual inventory system which continually updates the information by increasing or decreasing inventory from reports throughout the year to verify accounting records (Bragg 2016). A perpetual inventory system in comparison to a periodic inventory system is more efficient and effective for larger corporations. With entities like Woolworths, many transactions occur between themselves and other stakeholders, so by utilising a perpetual inventory system, it saves time and also money (Woolworths 2016)

This report is based on the comparison between two organizations that deals with the Retail Company that operates hypermarkets. The report consists of a comparison between Canadian business and Indian business. For this project I have chosen Canada’s Walmart and India’s D’mart the Canadian Walmart is the multinational retail corporation.And Indian D’mart deals within India only.

This report will examine Just Group Ltd, the number one market leader in fashion and apparel retail store in Australia. The objective of this report is to review current strategies used by Just Group with regarding to seven traits model according to Schumann, P. A. 1994. Besides, future strategies recommendation will be provided as the key for the company to sustain competitive advantage. Just Group is a number one market leader in fashion and apparel retail store in Australia. The sale of the company continues to increase while the number of stores increases as well.

My chosen business that my report will be based on is the Woolworths company, known primarily in Australia for their supermarket’s and retail chains. Woolworths run several high profile Australian stores such as BWS, Dan Murphys, Big W and the highly publicized Masters. The reason for my choice of Woolworths was that as they are one of the biggest companies and employers in Australia, and have recently been in the media spotlight for the closing of one of the recent projects Masters. Another major reason as to my choice of Woolworths is that there supply-chain would be as interesting and extensive as any other Australian based company. With almost a thousand supermarkets Australia wide and over 100 thousand staff, Woolworths is one of the countries prominent employers (Woolworths limited 2012).

Woolworths is a significant part of the Australian community and are aware that their actions and operations do have an impact beyond their immediate interactions with customers, employees and shareholders. A result, they are also concerned with reconciling and aligning the demands, needs, interests, and values with suppliers, communities, the environment, and society at large (ICAA, 2011).

The analysis will focus on some key aspects such as; the overall plan, products/services sustainability, human resource relations, customer’s relations, environmental concerns, and the company social responsibility to the company. Descriptive analysis will help appraise of the company’s sustainability strategy. The critical analysis of the company’s sustainability will help in coming up with conclusions about sustainability of the strategy, and give insights on how the company can improve its sustainability strategy. There are also various recommendations based on these conclusions (Heslin and Ochoa 2008).

From the result of the questionnaire, Macy's is a company that has the flexibility to be local in its operations but also possesses the financial acumen to compete globally. This is apparent within its organizational structure that centers on a bureaucracy with limited layers of management. This structure allows the business to flourish in the highly competitive retail environment by being more efficient than its competitors. By processing decisions faster with a flatter organizational structure, Macy's Inc. can bring

1 Report Scope 3 Leadership Message 6 Company Profile 10 Goals 12 Performance Data 14 Compliance 15 Sustainability Framework 21 Governance 26 Innovation 31 Stewardship 41 Engagement 50 External Recognition 51 About the Photographs

A business organization cannot survive in its industry if it does not keep an eye on what is happening in its internal and external business environment. The analysis of business sector or environment acquaints an organization with the issues, challenges, and external factors that have a direct or indirect impact on its business operations and profitability. On the basis of this analysis, the organization can formulate its future strategies and compete in the industry in a more effective and vigilant manner (Cadle, Paul & Turner 2010).

Evaluate whether the approaches identified in Section 2 above are the most effective for your organisation in the near future (3-5 years), justify any recommendations you make for a different approach (1,043 words)

Woolworths is the major supermarket grocery store chain in Australia, owned by Woolworths Limited. Woolworths is an incorporated public company, listed on the Australian stock exchange. This company has incomplete permissible responsibility through its shareholders and lies in the tertiary industry and retail sectors. Through their authoritative organization strategies and processes Woolworths has been able to make available to its 1.3 million customers a level of service, expenditure and manufacturing available across their franchise stores located across Australia. Woolworths' function as one of the largest public companies is obvious through its nature of management. This report will explain the nature and responsibilities of management in light of Woolworths.

On the other, although the majority of the information shown in the case study presents arguments for the fact that it was inevitable that Woolworths would fail as a business, it is also shown that the company was once a reputable company and generated high levels of consumer demand through the customer being able to buy “pick-n-mix sweets, a DVD, a magnifying headlight and a cheese grater “ in the same store. The revenue generated within the first six months of 2008 was £1107 million, which suggested that the firm was able to sell efficiently to an extent. If the financial department at Woolworth’s had evaluated the balance sheet and income statement from previous years, they would have potentially been able to minimize the risk of the high expenses, reduced profit margins and overall prevent the administration of the company that occurred in 2008. This point therefore indicates that it was not entirely inevitable that Woolworths would fail as a business, as measures could have been carried

I will conduct a brief stakeholder analysis on the development of the strategy. Stakeholders are

Each individual business has various issues that may occur and they must assess what needs to be done to eliminate or resolve the issues within the internal and external environments. As there is no way to determine the internal issues from this perspective, the external issues will be the focus, but they are no more important than the internal issues. The organization will also have a mission statement discussing what the business encompasses. Every business is set up in various ways and will have different policies regarding social and ethical aspects.

performance of these enterprises. I will explain about (Zain Iraq) and how it is doing a