Large Organization
For Woolworths Limited, it can be stated that the company’s portfolio businesses include Big W, Quantum as well as ALH, having separate boards, enabling each individual towards focusing on the delivery of the value for the shareholders. The Big W team is functioning towards the company’s vision for assisting every Australians ‘Live Big For Less’, and pursues a strategic aspect for business turnaround. For Paladin Energy, the business segment of the Company includes the aspect of Exploration. The segment of Exploration is focusing on the development of exploration as well as evaluation of projects within Australia as well as Canada. There is the engagement of the Namibian segment in producing as well as selling uranium from the mines that are having their location in Namibia.
The large organization that has been selected for explaining this research paper is Woolworths Limited. This is considered being a major Australian organization having exhaustive interest in retail all through Australia and New Zealand. It is considered being the second largest organization in Australia in terms of profit after Wesfarmers, which is a Perth based retail conglomerate. Moreover, Woolworths Limited is considered to be Australia’s largest retailer of takeaway liquor as well as the largest hotel as well as poker machine operator in Australia. The company started its operations on September 22, 1924 and is headquartered at Belle Vista, New South Wales, Australia. The company has also spread its operations in the Asian country, India.
As mentioned earlier, the company is operating in the retail business and is operating in 961 stores across Australia. The company is relying on the 111,000 team members in stores, distribution centres as well as support offices for providing the organizational customers with better services, range, value as well as ease. The company is also operating in 5 Thomas Dux grocery stores, 184 Countdown grocery stores as well as 530 petrol stations. Another division of the company is the Endeavour Drinks Group where Woolworths does the retailing of the liquor in-store as well as online via its businesses in the liquor segment. The company is also operating in 186 Big W discount department stores within Australia that includes a hardware retailer and also stationery, books., toys, sporting goods, software, automotive products and so on. Another division, which is the Masters Home Improvement brand, commenced its operations in 2011, which sold more than 35,000 products like tools, paints, appliances for kitchen, bathroom as well as supplies for plumbing, supplies for storage and cleaning, material for decoration, electrical and hardware products as well as products for outdoor living. Moreover, it is also operating an online store. Woolworths is also offering financial services with the help of its Woolworths Money division, providing gift cards, credit cards, reloadable MasterCards as well as reselling of insurance products.
Type of Business
The vision of the company is building a consumer as well as store-led culture as well as team. Also, to generate sustainable sales momentum regarding food, to evolve the company’s business relating to drinks for providing additional value as well as customer convenience. In addition, the company’s vision is to empower the company’s portfolio businesses for pursuing strategic aspects for delivering value for the shareholders and to become a lean retailer via end-to-end method as well as excellence regarding systems.
It all begins with the growth of a successful retail team that is listening to the customers, members of the team as well as suppliers. With the company’s Voice of the Customer programme throughout our brands, the company’s Store Teams as well as Support Office Team will be receiving everyday customer feedback stating that the company’s team will be focusing daily towards continuous improvement in their offer as well as customer’s experience related to shopping. The Australian Food team of the company has united behind the organizational purpose that states ‘we bring a little good to everyone everyday’ as well as functioning in respect of a clear strategic aspect for putting the customers firs (Barney 2015).
The company’s drinks business that includes Dan Murphy’s as well as BWS is continuing to make innovation regarding the company’s offer for providing the optimum value as well as ease for the customers, in-store as well as online. The New Zealand Food Team is having an engagement regarding their function ‘To make Kiwis living a little better daily’.
The mission of the company is delivering the optimum regarding convenience, worth as well as quality in respect of the customers. The company is employing around two hundred thousand team members that are serving more than 29 million customers throughout the company’s brand every week. The focus of the company is being at the core of the community and being the most adored retailer.
For delivering better food quality every day, the company is making four strategic assurances such as,
Making the lives of the Kiwis a better daily
The company’s portfolio businesses include Big W, Quantum as well as ALH, having separate boards, enabling each individual towards focusing on the delivery of the value for the shareholders. The Big W team is functioning towards the company’s vision for assisting every Australians ‘Live Big For Less’, and pursues a strategic aspect for business turnaround (Schaper 2014).
Vision
The retailing business is always on the move. At present, retailers at all places are having an experience of tremendous changes in the processes by which they are operating. Customer demand is driving it and also getting driven by technological aspects as well as through choice. The company is responding to this new period in three processes,
- Through the placement of the customer at the core of the business
- By listening to the want of the customers
- Through the creation of methods that are considered to be new as well as innovative for the customers to do shopping with the company (Adekola 2016).
In the previous years, mobile technology brought changes to every aspect of life, particularly retail. Customers are not simply having the capability for shopping how, when as well as where they require, they are also enjoying accessibility to products as well as prices from all over the world. Customers have the requirement for moving amongst physical as well as virtual stores in a seamless as well as effortless manner the way in which they prefer. Therefore, the company is making investments in areas that are opening the company’s businesses through approaches that are complementing the physical stores of the company, which take into consideration the websites, mobile apps, virtual stores as well as options regarding new delivery (Barney 2015).
Woolworths is serving approx. 18 million customers every week and the company is valuing all the customers. Since, the customers are having incessant options regarding where shopping can be done, it is the responsibility of the company for earning their custom as well as rewarding their loyalty.
- Reward – Having more than nine million members as well as an exclusive discount scheme, Woolworths Rewards is considered to be the most attractive supermarket loyalty program in Australia. According to Adekola, it assists in giving the members the capability of Woolworths Dollars as well as getting money off their shopping and special accessibility towards a huge range of promotions as well as offers (Adekola 2016).
- Listen – The Company is interacting with the customers daily and the more significant aspect is that the company pays attention to whatever the customer is saying. Through the organizational group, the Company is conducting research for finding out what the customers are thinking of the organizational stores, organizational offers, the services of the company and so on. The precious feedback of the customers assists the company in knowing what is working effectively and in which place the company is required functioning more efficiently for improving the experience of the customers.
- Act – A new initiative of the company is known as Customer Talkback in which the company is holding focus groups regarding customers all through the country. Customers are having the scope for giving feedback in a direct way to the company’s store and the company is having a better acknowledgement of what the customers are preferring and where improvement is required. Certain changes that are made recently take into consideration improved packing of bags, bigger bags at self-service checkouts, increased number of half-sized trolleys, updated store directories in every walkway and better knowledge in respect of the seasonality for fresh food (Morioka 2016).
- Learn – The Company is personalizing in the member offers for making them more effective. Moreover, they are analysing the ways by which the customers are shopping for assisting us in improving what the company is doing. The Company is ensuring that they are stocking appropriate products in the appropriate stores at the appropriate time. Moreover, the company is tracking trends for making space in respect of products that are new (Padin 2015).
SWOT Analysis
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Strengths |
Weaknesses |
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· Having the capability of reducing the organizational cost · Being one of the cheap market retailers · Having a robust presence regarding toys, house-ware, confectionary as well as the market for seasonal product · Having the ability to sale manufactured products of the company (Methner 2015) |
· To do the extension of the length regarding 2 or 3 offers · Not being able to maintain the speed of upgrading to new technology concerning its competitor · Wrong insight regarding quality with reduced prices |
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Opportunities |
Threats |
|
· The Company is having the scope towards developing the offering of the electronic offering · The Company is having the scope towards making the extension of the consumer’s channels as well as bringing technological developments in their submissions. · The Company is having the scope of having low priced products in comparison with the competitors. · To offer a huge range of products that are seasonal as well. |
· Increased competition level from the different companies in the retail sector as well as from other sectors like discounters, category killers, as well as retailers that are based in catalogues continuing towards making the market a challenging one. · Tough competition from supermarkets that extend their range of non-food items · In accord with the continuous growth in the prices of oil and demand in respect of oil, the Company might find it challenging towards maintaining a competitive strategy for pricing and the saturation of the market regarding the high street retail market stating that they are not being able to afford towards getting priced in an uncompetitive way (Bryman 2015). |
In respect of the market in the UK, the PEST Analysis of Woolworths Company are mentioned as under,
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Political |
These factors are influencing in a direct manner the success regarding any business. For instance, new rules as well as regulation, taxes as well as other legislation and so on. Certain political factors in respect of Woolworths are mentioned as under, The announcement of New White Paper has been made that will be giving retailers the capability for offering legal advice through their individual company laws. It is being referred to as Tesco Law, providing further service towards encouraging the one-stop shop approach regarding the large chain of supermarkets. These supermarket chains that are one of the major sources of competition regarding Woolworths are having the strategic aspect to offer a one-stop shop scope regarding the customers by introducing certain facilities like pharmacies, as well as facilities for banking and insurance (Fleischmann 2014). |
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Economical |
According to Wong, Woolworths has stopped functioning all its operations in the UK because of economic decline, and it is apparent that the business success is depending on the present situation of the economy. Woolworths has been negatively influenced by the present credit crisis and couldn’t afford the continuation of its operational aspects and therefore, losing its reputation as well as shutting down all of its business operations in the UK (Wong 2013). |
|
Social |
The trends of the customers as well as demands are changing in due course of time and they are getting increasingly attracted in respect of new fashions as well as designs. The customers are also having a preference of quality in comparison to prices since low price is taken into consideration as well as having low quality value. Woolworths is providing products that are considered being fashionable as well as attractive in respect of the customers for many years but now at present, it has stopped its operations in the UK (Jeston 2014). |
|
Technological |
At present, there is occurring a huge technological growth. Individuals are conveying innovative ideas every day in the products that currently exists as well as doing the development of new technological aspects having ideas that are considered being innovative. Woolworths is doing the utilization of ideas that are old for a longer time period and few years ago it had the realization regarding the significance of technology and implemented those ideas within business for competing with all the other competitive brands (Al-Mamary 2014). |
The smaller enterprise that has been selected for explaining this research paper is Paladin Energy. This is a Western Australian based organization producing uranium. The company is having it listing on the Australian Securities Exchange, Toronto Stock Exchange as well as Namibian Stock exchange. The company started its operations in Australia on 24th September, 1993. From 1998 onwards, in the period of continued decline in the international market for Uranium, Paladin did the accumulation of a quality portfolio having better uranium projects each possessing the potential for production.
- Creating the wealth regarding the shareholders through the development of significant scope that the Company is having as well as continuing to do the generation
- Becoming a significant player in the international supply market for Uranium
- Functioning as international finest practice having specific prominence regarding safety as well as the environment (Maryska 2015)
- Rewarding the performance of the staffs as well as offering a fulfilling environment for work
- Contributing to the development as well as richness of the countries where the company is functioning by carrying out operations effectively as well as trying to seek scopes to expand
- Responding to the communities attitudes as well as expectations where it is functioning in regard to the corporate social responsibility of the Company (Sinur 2013).
Paladin Energy had built a $US185 million Uranium mine in Malawi, Africa. Moving offshore did the production of magnificent returns of the stock market, and Paladin did the collaboration with the Fortescue Metals for being one of the optimum investments in Australia within the last 5 years. The organization is having two potential sites in respect of the development of Uranium in Western Australia, but most of the returns of the company is coming from the company’s operations in Africa. The business segment of the Company includes the aspect of Exploration. The segment of Exploration is focusing on the development of exploration as well as evaluation of projects within Australia as well as Canada (Buckley 2016). There is the engagement of the Namibian segment in producing as well as selling uranium from the mines that are having their location in Namibia.
Mission
Paladin Energy is having an engagement in the production of uranium, as well as it is functioning through its different projects that are having their location in Australia as well as Africa. The goal of the organization is becoming a major uranium-mining house while concentrating on technical innovation as well as the optimization of cost accordingly. Paladin Energy Ltd is also placing specific prominence towards safety as well as the environment.
The mission of the company is delivering energy solutions that are considered having reliability, in respect of new or retrofitted installations towards buildings, campuses as well as bases by the use of proven technological aspects. The company is being driven by world-class systems of operations and gets assisted with the help of structures that are considered sustainable (Quarshie 2016).
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Strengths |
Weaknesses |
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· There is a sufficient size of the market · The company is seeing an increased rate of industry growth · There is a possibility for accessing comparable industries · Future trends are being provided by the industry |
· The company is having small business units · There occurs the implementation of taxes · There is the existence of a competitive market · There is the observance of long periods of adjustments within this industry (Carroll 2014) |
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Opportunities |
Threats |
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· There is the scope of international opportunities for growth · There is the availability of international market · There is the scope for expanding new products as well as services (Vukši? 2013) |
· The regulations of the government · The growing interest rate · The problems with technology |
Paladin Energy’s sustainability is administered with the help of Sustainability Committee of the Company that is providing the Board with the company’s performance overview in the fields of health, welfare, radiation, social responsibility as well as sustainable growth (Easterby-Smith 2015).
Paladin Energy take into consideration the company’s stakeholders whom they are consulting as well as engaging in a regular manner and also identifying the significance to listen as well as understand the factors that the company is raising for the organization to provide response in an effective manner (Gollenia 2016). Stakeholder consultation can be considered with the help of meetings that are considered to be official as well as structured and also with the help of informal as well as ad hoc communication.
However, speculations are being made that Paladin Energy could be the major victim of the downturn regarding uranium. It might be observed that the organization could come up with sufficient cash for the repayment of April 2017 bond, but a current letter from offtake partner EDF might be derailing everything. The latter is claiming that Paladin Energy is required putting additional collateral for securing an original $200 million deal regarding prepaid offtake.
Conclusion
In respect of the above discussion, it can be stated that the two companies Paladin Energy as well as Woolworths Limited are the two companies whose business management has been discussed. In respect of Paladin Energy, it can be stated that the company’s functioning as international finest practice having specific prominence regarding safety as well as the environment. In respect of Woolworths, it can be stated that the company is serving approx. 18 million customers every week and the company is valuing all the customers. is serving approx. 18 million customers every week and the company is valuing all the customers and the customers are having incessant options regarding where shopping can be done, and therefore, it is the responsibility of the company for earning their custom as well as rewarding their loyalty. The business segment of the Company includes the aspect of Exploration. The segment of Exploration is focusing on the development of exploration as well as evaluation of projects within Australia as well as Canada. There is the engagement of the Namibian segment in producing as well as selling uranium from the mines that are having their location in Namibia.
Value Statement
Reference
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