Assignment 2: Business Ethics | Woolworths

Assignment 2: Business Ethics
Woolworths

Introduction
 To analyse the business ethics, the report sheds
light on the corporate social responsibility and
corporate governance to derive an insight about
how these two areas are being addressed
 The major purpose of the report is to derive a
comprehensive insight about the business ethics
and its application to business
 Ethical practices applied by businesses are often
filled with public controversies due to clashes in
public opinion, laidback attitude of the
organization itself in relation to performing the
social and ethical duties and poor initiatives
taken for the same

Introductory notes
 Woolworth’s business practices and
ethics have been the fundamental
context of the report
 Business ethics is a specific set of
policies along with some relevant
practices that usually deal with the
controversial subjects with the
inclusion some controversial subjects.
This broad series of subjects may
include corporate governance, insider
training, corporative governance,
corporate social responsibility and
some other relevant aspects

Company Background and History

Introduction of the company: Woolworths
 It is noted that Woolworths is known to be Australia’s biggest supermarket along with
the establishment its 995 stores across the nation across Australia
 Woolworths is a large chain of supermarkets and grocery in Australia that are
significantly owned by Woolworths group Organization was founded in 1924 along with
Coles
 This supermarket chain accounts 80% of Australian supermarket

Background Notes
 The overall workforce strength of
Woolworths is 100,000 (Aguinis & Glavas,
2012). According to Devin and According to
Devin and Richards (2018) Woolworths is a
diverse group of retail businesses with the
aim of becoming a purpose-driven
organisation. The core values of
Woolworths is aligned with three different
core aspects like care deeply, performing the
right thing and learn. In present, the firm
pay its attention to major growth drivers
like providing desirable outcome for
consumers, team and enhance the core
values.

History of Woolworths
 Woolworths first started its journey in 1924 with its varieties of
stores which is known as Woolworths Stupendous Bargaining
Basement
 The organization its chain of services with five dime stores in
USA.
 Woolworth went ahead opening another new branch and within
six years of establishment, Woolworths’ business was able to
build 16 store new stores