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Accounting, Behavior and Organization Assignment

   

Added on  2021-06-17

15 Pages3305 Words33 Views
1WOOLWORTHS CASE REPORTAccounting, Behavior and OrganizationStudent’s Name:Institution:

2Executive SummaryThe report examines Woolworths’ organization beginning with the introduction, the background of thecompany and its competitors. In the report, it is established that Woolworths adapt decentralized approachin its organizational structure. The reason is to shorten the line of command and allow services beefficient in serving customers through creation of responsibility centres. Additionally, the company iscompliant with environmental responsibility and champions the course through the use of recyclablepackaging materials, source products through certified suppliers and advocate for environmentalinitiatives through awareness. The performance measurement and rewards is another aspect examined andWoolworths use people performance committee to come up with remuneration policies for its employees.The remuneration of the executive and executive directors is set into fixed and variable remunerationwhich can be through a short-term incentive plan (STIP) or long-term incentive plan (LTIP). Theexecutive and finance director get the remuneration calculated at the highest percentage of a fixedremuneration and is the subject attainment of Key Result Areas (KRAs) of the company as well as a non-financial. It is recommended that best strategies, the best organizational structure, and environmentalresponsibility are key in the processes that lead to success.

3Table of ContentsExecutive Summary.....................................................................................................................................2Introduction.................................................................................................................................................4Company Background.............................................................................................................................4Mission....................................................................................................................................................4Strategy...................................................................................................................................................4Competitors.............................................................................................................................................4Competitive Advantage............................................................................................................................4Organizational Structure..............................................................................................................................4Responsibility Centers.............................................................................................................................5Literature Review - Environmental Responsibility......................................................................................5Performance Measurement and Rewards.....................................................................................................7The Non-Financial Aspect.......................................................................................................................8Recommendation.........................................................................................................................................8Conclusion...................................................................................................................................................8References...................................................................................................................................................9Appendices................................................................................................................................................10

4IntroductionWoolworths is a supermarket that has captured a larger market share in Australia irrespective ofthe fierce competition experienced. The leadership role in this sector of business is attributed to well laidand executed strategies. The organization besides many other strategies is cognizant of environmentalresponsibility. It is with this view that the report examines Woolworths beginning by the companybackground and followed by its strategy, the competitors, organizational structure, responsibility centers,environmental responsibility, performance measurement and rewards, recommendation and end by givinga conclusion.Company BackgroundWoolworth is an organization based in Australia with its head office in Melbourne. It is a leadingcompany in retails business operating as a supermarket. The organization has grown as penetrated theAustralian market and has built retail stores that are spread across Australia (Woolworths group, 2018).MissionThe mission is to deliver the best products at the conveniences of their customers as well asensuring quality products and services. StrategyThe organization’s success in Australia is due to the used business and corporate strategies. In theutilization of business strategies, the organization has differentiated its products with the aim of capturingall segments in the Australian market. It is evidenced by the categorization of its product and services todifferent sections. Additionally, the organization has a strategic marketing technique that permitspenetrate the market with ease. On the other hand, corporate strategy gets employed by skillfulengagement with corporate responsibilities and sustainable environmental principles (Woolworths group,2017).CompetitorsWoolworths irrespective of its market leadership, it has rivals in the same market. The competitorin the second position rivaling Woolworths is Coles followed by Wesfarmers and ALDI, Distributor,Safeway, Giant Eagle, Carrefour, Metro, and Supermercato24 in that order respectively (Woolworthsgroup, 2017).Competitive AdvantageThe organization uses pricing and product range strategy; and creation of new products withbetter experience which is a competitive advantage for the organization.Organizational StructureThis is an arrangement of a line of authority in a hierarchical manner in which shows the lines ofcommand and communication flow. It specifies how roles, duties, powers get assigned, coordinated and

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