...References 13 1.0 Introduction According to AS/NZS ISO 31000:2009, risk management consists of 6 components which are establishing context, identifying risks, analyzing risks, evaluating risks, treating risks and monitoring and reviewing risks. It could help create and protect value, improve decision making and explicitly solve uncertainty. In this report, Woolworth Limited will be the business case to be discussed. The report will start with classifying, then analyzing and evaluating relevant risks, followed by a risk register, risk treatment plan as well as the treatment action plan. Recommendations and conclusion will also be given at the end. 2.0 Statement of case Woolworth Limited is an Australian corporation which was established in 1924 in Sydney. It is now one of the largest supermarket chains with more than 3,000 stores located in Australian and New Zealand. The services it provided include span food, general merchandise, petrol, liquor and home improvement. It has over 198,000 employees and thousands of business partners such as local farmers, producers and manufactures. The main competitor of Woolworth is Coles who also has relatively large market share in providing commodities and fresh food and liquor. In order to beat its main rival,...
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...Assessment 3.1 Social and Environmental Component Evaluation of Woolworths Limited’s Corporate Responsibility Report Skye Childs 2095183 Dan Francis-Staite 2113169 Emma Welsh 2138113 Contents: Title page 1 Content page 2 1.0 Executive Summary 3 2.0 Stakeholders outline 6 3.0 Sustainability assessment: 10 3.1 Social 10 3.2 Environmental 12 4.0 Bottom of the Pyramid Market Engagement: 15 5.0 United Nations Global Compact Principles (UNGC): 16 6.0 Social & Environmental Issues 17 7.0 Recommendations 21 8.0 Conclusion 23 9.0 Appendix 25 10.0 References 36 1.0 Executive Summary This report contains an evaluation of the sustainability of Woolworths Limited’s 2015 Corporate Responsibility report. To identify how effectively Woolworths managed stakeholders, we briefly outlined them and applied the ‘Freeman’ model. We also categorized them using the ‘Fassin’ model to identify stakeholders, stakewatchers and stakekeepers. As a large corporation, Woolworths prioritises it’s engagement with stakeholders that contribute to the economic bottom-line. Large investment into suppliers at each stage of the supply-chain coupled with the company’s capability to consistently purchase large quantities of inventory results in strong relationships with suppliers. Woolworths is effectively able to demand, achieve and maintain very low prices. This significantly...
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...BAE Business Report on Woolworths LIU Ying (Rina) 22967 BAE 4 2012.01.10 TABLES OF CONTENTS EXECUTIVE SUMMARY……………………………………………………………………ⅰ INTRODUCTION……………………………………………………………………………….1 Evaluation of company in terms of an ethical issue…………2 Evaluation of company in financial terms of profitability…..4 Recommendation…………………………………………………..5 References…………………………………………………………..7 Executive Summary The purpose of this report is to provide an ethical and financial evaluation of Woolworths for a client to help him decide whether to invest in this company. The respect for the right of employees was chosen as an ethical issue and the company was evaluated from two aspects: the right of employees and safety. Profitability was the financial factor which was also be used for the evaluation. Woolworths has showed respect for the rights of employees and performed well in achieving safety standards for employees. It is an ethical company. In addition, the profit of Woolworths is going up every year and there is an upward trend in the profit. Thus, the recommendation of this report is that Woolworths is an ethical company with an ability to gain profit, which is good for investment. Introduction This report aims at evaluating the company of Woolworth from ethical and financial aspects to help a client who is interested in ethical investing. So the client can make a decision as to...
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...Individual Assignment Woolworths in Ghana Individual Assignment Woolworths in Ghana Executive Summary This report analyzes the current marketing strategies of Woolworths in Ghana from four perspectives: products, price, project and promotion. Also, it will briefly mention the company’s successful marketing strategy in other African countries. According to what Woolworths has accomplished in Ghana, the recommendations in this report are generated based on the findings and analyses of Ghana environment. In particular, Ghana’s social, political, legal and economic factors will be presented as they relate to the commercial atmosphere. The recommendations, which are meant to help Woolworths define its future development, are as follows: • Seek more opportunities in Ghana and open more Woolworths C&GM stores in Accra. • Utilize social media to build strong brand awareness among Ghanaians. • Maintain positive, healthy relationships with the government of Ghana for further development. Table of Contents Executive Summary 1 Table of Contents 2 Introduction 3 Company Description and Current Marketing Strategy Analysis 4 Company Description and Analysis 4 Scope and Limitations 5 Description of Current Marketing Strategy of Woolworths 5 Product 5 Place 6 Promotion 6 Price 6 Market/Business Environment Analysis and Recommendations 8 Economic 8 Social 9 Political 10 Legal 10 Reference List 12 Introduction Woolworths is a familiar retail...
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...Woolworth is a household brand in Australia. The company operates in the retail industry and is one of the two largest supermarket chain store operators. The other one is Coles. Woolworth has a long business history. The company was founded in 1924 and has now grown into a retailing giant. The company has 197,111 employees all across the nation and serves almost every Australian. As the largest chain super market operator in Australia with long history, the influence of Woolworth’s business operation extends far beyond the profit made for shareholders. Rather, the company has become an important member of the society and functions strongly as a service provider for access to groceries. This report identifies five most important aspects of Woolworth’s non-financial achievements which would be discussed in details here. Contribution to Local Market Operation Woolworth plays a vital role in the local market operation and improves the market efficiency. This could be explained from three perspectives. Firstly Woolworth directly creates jobs and provides employment. Secondly Woolworth sources most of its supplies from local suppliers and contributes to local economy development. Thirdly Woolworth is committed to provide affordable and high quality products to Australian customers to transfer value to customers. Contribution to Community Woolworth highly values the relationship with community in which it operates and continues to invest in support to our communities. Woolworth...
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...1.1 Introduction 1.1.1 Origin of integrated reporting Over the years companies owed it to shareholders to annually give reports that are a medium of accountability to shareholders. The business success prospects of companies relied on annual reporting that has been biased towards the financials aspects of the company’s activities such as financial position, financial performance and the flow of cash in and out of the company. The modern investor has expanded focus beyond the financial return on investments in companies and became more concerned with the sustainability in the performance of companies as Abeysekera (2013) puts it. This development has effectively challenged the outlook of the reports that has been based on the Annual Financial Statements and evolved into King III (2009) which recommended for the introduction of integrated reporting as the new reporting approach towards addressing the expectations of investors. The King III Code of reporting emerged was incepted in response to the promulgation of the Companies Act of 2008 and designed to be usable by all entities. The Annual Financial Reports on financial performance, sustainability and governance disclosures often fell short to draw the relationship between the organisation’s corporate strategy, financial performance and the performance on the environmental aspects, IRCSA (2011). In addition to this is the fact that financial information is not sufficient for an organisation or investor to make informed decision...
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...Executive summary: This report is aiming to disclose how the Annual report of Woolworths for 2012 apply the accounting standard related to estimation uncertainty and accounting policy judgments. Furthermore, the potential gap between Woolworths’ current practice and the accounting standard requirements will also be discussed. Paragraphs 122- 124 of AASB101 has explained the requirements of significant accounting policy judgments and paragraphs 125-133 has detailed what need to be done for estimation uncertainty. According to these standards, Woolworths disclosed how the company determined the carrying amounts of assets and liabilities and explained the company’s policies to response the uncertainty due to foreign currency in their notes to the consolidated financial statement. Judgments about leases assets and liabilities and judgments about subsidiaries were also can be found in the notes. However, it can be indicated that some potential gaps still exist between Woolworth’s report and the accounting standard. For example, there is no assumption for how to revalue the fair value of some tangible assets in specified circumstance. What’s more, the company did not mention the sensitivities of carrying amounts of inventories and how to face these sensitivities. Therefore, further improvements need to be done in the next year’s annual report of Woolworths. Introduction: This report is an evaluation of Woolworths’ Annual Report in 2012, it will judge whether...
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...Woolworths Analysis Strategic Marketing Management Executive Summary The following is the assignment given to us for our “Strategic Management” course. The paper discusses in depth about the company, Woolworths, which is one of the largest retail stores in Australia. The report enriches the knowledge about environmental analysis, SWOT analysis, the financial and pricing analysis, target market, segmentation and market analysis of Woolworths. After studying the company’s overall performance it is my recommendation for the company to manage and plan ruthlessly, manage the operations locally and globally by managing campaigns tactically and have open communication channels. The overall environment of the company is strong. There are few major competitors which possesses threat to the company. The company has expanded its operations and has expanded into New Zealand and India as well. The paper also discusses the new marketing strategies for Woolworths. We have applied strategic management concepts and models to design new marketing strategies for the company. Table Of Contents 1. Introduction……………….………………………………………………………..………………………………………………… 5 2. Background……………………………………………………………………………………………………...…………………… 6 3. SWOT Analysis…..…………………………………………………………………………………………………….……………. 7 4. Segmentation, Targeting & Positioning of Products………………………………………………………………………………… 5. Marketing Mix Analysis…………………………………………………………..…………………………………………………. 6. Financial/Pricing...
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...Contents Executive Summary 1 Introduction 2 Defining Sustainability 2 What Sustainability means to Woolworths 3 Corporate Stakeholders of Woolworths 3 Woolworths Drive for Change 5 Integrated Reporting 6 Why Integrated Reporting? 6 Woolworths Integrated Reporting 7 The Future of Integrated Reporting 7 Conclusion 8 Word Count: 1995 Executive Summary This report examines the new world of sustainability reporting, and the complex web of stakeholders. It focuses particularly on the demands for new kinds of transparency which serve the interests of the environment and society. In this report, Woolworths, one of our major competitors has been analyzed in order to understand how they have evolved the concept of sustainability and how they have applied it to their organizational level. As a result, Woolworths has placed our organization at a competitive disadvantage. The report finds Woolworths future prospects as a positive template in managing our organization. Their engagement on sustainability issues with their stakeholders, customers, suppliers, investors and employees through their Sustainability Strategy have placed them in the lead. This report provides an opportunity on sustainability and integrated reporting for our organization. Introduction Over the years there has been an increase in pressure and concern over the impact that organizations have had on the environment and the society. As a result, organizations are being challenged...
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...Financial Statement Analysis: WOW, BHP and TSE compared Introduction Financial statements are often called “the language of business.” Thus, any leader in every area of business and non-profit management will need to know and understand how to read, analyse, and interpret the meaning and decision making implications of financial statements. Every accountant and financial analyst will need to be able to calculate financial ratios and analyse related non-financial data in order to see whether the company is successful or not and suggest what can be improved in the operations if needed. Therefore, there was thorough financial investigation of BHP Billiton, Transfield Services Limited and Woolworths Limited. In order to investigate these companies activity, the 2008 and 2009 annual reports were retrieved from official companies’ websites. Also general information on industry averages for various ratios was obtained from financial websites as well as ASX website. Specific events that could have impacted a company’s operations were followed on the related web-links. In order to make a financial decision, financial analysis of financial ratios was conducted. In order to have the most necessary information following ratios were considered to be most important in making investment decision - profitability ratios that measure a company’s earning ability, in the broad categories of margins and returns. The major margins in our case were gross profit and net profit margin...
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...-------2 Part A: Woolworths Ltd Strategic Analysis---------------------------------------------------------------2 SWOT analysis for Woolworths Ltd------------------------------------------------------------------------3 Key Capability Analysis---------------------------------------------------------------------------------------4 Major stakeholder analysis for Woolworths Ltd---------------------------------------------------------5 Assessment of Business Level Strategy---------------------------------------------------------------------6 PART B: Woolworths Ltd Strategic Review--------------------------------------------------------------6 Analysis of Key Strategic Plan Elements-------------------------------------------------------------------6 Stakeholder implication assessment for growing the Multi-channel strategy----------------------7 Stakeholder implication assessment for growing the Cost consciousness strategy----------------8 Strategy Map---------------------------------------------------------------------------------------------------10 Balanced Scorecard-------------------------------------------------------------------------------------------11 Conclusion-------------------------------------------------------------------------------------------------------12 Appendix--------------------------------------------------------------------------------------------------------13 Reference PART A: Woolworths Ltd Strategic Analysis ...
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...which was primarily driven by the success of the coles turnaround, Westfarmers's major competitor woolworths successfully launching the "Masters" chain of retail hardware stores and planning to rolled the business bigger in next 3 years still is a concern for the board of directors in westfarmers. What makes it worse is the announcement of intention of leave of Mr. Mcleod, who has been credited with the very successful turnaround of Coles business. The purpose of this report is to investigate any potential key challenges presently facing by the group by analysis of the industry and core competence and value chain of westfarmers. 2. Westfarmers background Westfarmers was established in 1914 as Western Australia farmers' co-operative. It is now one of the largest retailers and diversified publicly listed company in Australia. In 1984, when it was firstly listed on ASX, its market value was only $30 million, but by the end of 2008, it had a market capitalization grown to $25 billion. In fact, it has engaged an aggressive acquisition and diversification strategy since its establishment. Of those diverse business one of the most important businesses is the retail business including Coles and Bunnings. This leads to the major competitor of Westfarmers's, woolworths. Currently woolworths entered the home improvement retail market and makes the competition between westfarmers and woolworths more aggressive. 3. Industry analysis The key retail market westfarmers are now competing is...
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...The reasons behind increasing transparency of tax return Addressed to: Grant O'Brien (Chief Executive Officer of Woolworths) 19/04/2015 Word count: 1379 Topic: Why does the Australian legislator require additional ATO disclosures beyond AASB 112? Table of content 1. Executive summary 2. Introduction 3. Summaries of the contents of Paragraph 79, 80, 81(c), and 84-86 of AASB 112 4. The shortage in Woolworths’ present financial report 4.1 Accrual basis V.S. Cash basis 4.2 Tax information not separately disclosed correspond to each jurisdiction 4.3 How the ATO amends the vulnerability of AASB 112 5. Recommendations to Woolworths refer Rio Tinto’s tax report 5.1 How to achieve an easier assessable tax report for the public 5.2 How Woolworths can obviate aggressive tax avoidance 6. References 1. Executive Summary AASB 112 has been implemented to give guidance to companies about how to disclose related tax information, also providing surveillance to the phenomenon of tax evasion. In a vastly developing economy, various large and multinational companies have found ways of escaping by paying minimal taxes. For example, shifting revenue to a lower tax rate country or manipulating past tax losses avoids huge amounts of tax payment. The ATO published disclosure requirements in 2014 aiming to eliminate this phenomenon. The main discrepancy between financial statement and company’s income tax is tax under financial statements were calculated based on...
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...Executive summary This report presents a detailed financial performance analysis of Woolworths Limited for Financial Years (FY) 2013 and 2014. The report takes an approach that aims to highlight industry trends before commenting on the financial performance of the company. This critical analysis is carried out through the examination of important financial ratios to assess the short-term solvency (liquidity), long-term solvency, profitability, management’s efficiency, and market based ratios of Woolworths. Finally, the report ends with a concluding comment offering input on the managerial directions that are currently taken by Woolworths and how market value will continue to increase based on sound decisions and management. Table of contents 1. Introduction............................................................................................................... 7 2. Economic Outlooks…............................................................................................... 7 3. Industry Profile………………….............................................................................. 7 4. Ratio Analyses…………………………………………………….......................... 8 4.1 Liquidity Analysis................................................................................................... 8 4.2 Long-Term Solvency Analysis.................................................................................9 4.3 Profitability Analysis......................................
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