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Corporate strategy and governance: a literature review

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Added on  2020-12-09

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CORPORATE STRATEGY AND GOVERNANCE [pic] TABLE OF CONTENTS FORMATIVE ASSESSMENT1 INTRODUCTION 1 Aim and Objectives 1 Rational 1 Literature review2 Research methodology3 Gantt chart 4 SUMMATIVE ASSESSMENT6 INTRODUCTION 6 Background of research6 Background of company 7 Review of problem faced 7 LITERATURE REVIEW9 Anglo-Saxon model of corporate governance 10 Corporate governance 11 Issues related to conflict of interest 13 Measure role of corporate strategy and governance 14

Corporate strategy and governance: a literature review

   Added on 2020-12-09

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CORPORATE STRATEGY ANDGOVERNANCE
Corporate strategy and governance: a literature review_1
TABLE OF CONTENTSFORMATIVE ASSESSMENT........................................................................................................1INTRODUCTION...........................................................................................................................1Aim and Objectives................................................................................................................1Rational...................................................................................................................................1Literature review....................................................................................................................2Research methodology...........................................................................................................3Gantt chart..............................................................................................................................4SUMMATIVE ASSESSMENT.......................................................................................................6INTRODUCTION...........................................................................................................................6Background of research...........................................................................................................6Background of company..........................................................................................................7Review of problem faced.........................................................................................................7LITERATURE REVIEW................................................................................................................9Anglo-Saxon model of corporate governance.......................................................................10Corporate governance............................................................................................................11Issues related to conflict of interest.......................................................................................13Measure role of corporate strategy and governance..............................................................14RESEARCH METHODOLOGY...................................................................................................14Introduction..........................................................................................................................14Research type........................................................................................................................15Research approach................................................................................................................15Research philosophy.............................................................................................................15Research design....................................................................................................................16Data collection......................................................................................................................16Data analysis.........................................................................................................................16Sampling...............................................................................................................................17Validity and reliability..........................................................................................................17RESULTS......................................................................................................................................17RECOMMENDATION.................................................................................................................27
Corporate strategy and governance: a literature review_2
CONCLUSION..............................................................................................................................29REFERENCES..............................................................................................................................30APPENDIX....................................................................................................................................32
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FORMATIVE ASSESSMENTINTRODUCTIONFor the effective management of John Lewis, it is required to control and manage allcodes of conduct, rules, practices and working processes. This will motivate company andworkers to work according to the set of codes of conduct and policies. It is important for firm toprovide satisfaction and profitability to all stakeholders with the help of proper management ofprocedures and policies (McCahery, Sautner and Starks, 2016). Thus, this will includerequirements of corporate government and strategy within John Lewis.John Lewis is a chain of high-end department stores operating throughout the UnitedKingdom. The firm provides home-ware, fashion, furniture and other products and services tocustomers. Electrical services are also provided by business. The corporate governance andstrategy needs to be effective to become a successful management of business to achieveobjectives. The major issues related to corporate governance and strategy is the propermanagement of board members, independence of directors, accountability of stakeholders,executive compensation and risk management etc. Aim and ObjectivesAim: -To determine issues or problems in corporate governance or strategies: A study of JohnLewisObjectives: -To evaluate importance of corporate strategy and governance within businesses.To identify conflict of interest as issue of corporate strategy and governance in JohnLewis.To measure role of corporate strategy and governance within John Lewis.RationalCorporate strategy and governance topic is taken for this report due to the increasingimportance and use within businesses. John Lewis is chosen for the analysis of corporategovernance and strategy (What Is Corporate Governance in Strategic Management? 2018). Thefirm has 40% fare budget, rest 23% is from government funding, 20% from borrowings, 8%from profits and finally 9% from congestion charges. This is the issue, firm is facing relating toconflicts and disputes between workers of company that has a negative impact on its reputation.1
Corporate strategy and governance: a literature review_4
The issue of policy and strategy formulation also must be considered by John Lewis. Poorfinancial management, policy and strategy formulation, 0-hour contract are some additionalproblems faced by firm. These are some important corporate governance issues for business forwhich the strategies are formulated.The main issue which is related to John Lewis is that of conflict of interest between topand lower level management. It is very much important to avoid conflicts of interest so that thereis no problem into framework of corporate governance. This issue arise at time when employerand other member of management are having financial interest which is directly conflicting withobjectives of the company like that of John Lewis.Literature reviewRasche, Morsing and Moon, (2017) stated that corporate governance is a way ofgoverning policies, strategies and procedures within firm. This strategy helps business to manageand direct activities to eliminate issues of conflict of interest. The firm needs to plan for effectivepositive environment in order to increase effectiveness of corporate culture to lead propercorporate governance. Effective management of corporate strategy and governance will help toensure economic growth, development and success of business. According to Tricker andTricker, (2015) corporate governance has a positive impact on share prices also on managementto ensure formulating the best policies for workers (What Is Corporate Governance in StrategicManagement? 2018). Corporate strategies and governance is crucial for businesses in order tomanage their competitive environment to remain stable and effective in the market. The mainaim of corporate governance is to eliminate barriers for growth and development includingpositive culture and environment for all the workers effectively. According to McCahery, Sautner and Starks, (2016) it was noted that if company isfacing issue like that of conflict of interest then they should be creating an environment of teamworking and transparency as well. This helps them to create healthier and happier surrounding incompany like that of John Lewis. Management of company need to make their efforts inresolving their issues if any with employees and labour as conflict of interest arising inorganisation should be working according to objectives set. Jacoby, (2018) said that corporate governance describes balance between stakeholdersand structure of the firm and people who are interested in policies and profits of business. Inaddition to this, corporate governance is used to enhance accountability of business to avoid2
Corporate strategy and governance: a literature review_5
disasters before they occur. Corporate governance includes processes in which corporationobjectives are set and pursued in the regulatory, environment and social context. It is a system ofrules, practices and policies in which the firm is directed and controlled effectively. The aim ofcorporate governance and strategy is to ensure commitment of board in order to manage businessin transparent manner to increase long term values. This also helps to ensure economic growth,development and corporate success, lower cost of capital, positive impact on share prices andmaintain confidence of investors towards business effectively.As it was included by Visser and Tolhurst, (2017) that conflict of interest will arise attime when employee and employer are not having same vision or objective or employer is notable to satisfy labour. If there are long times pertaining conflicts between interests of peopleworking within company then management should be making their efforts for reducing impact ofthese problems.Research methodologyThe process is used to determine, select and analyse information regarding topic. Thishelps researcher to determine validity and reliability of research in order to solve issues ofconflict of interest to understand process and investigation of services and products. It providesjustification for using particular enquiry on topic. Research type: There are two types of research such as qualitative and quantitative in whichquantitative used to solve problems using numerical data (Formentini and Taticchi, 2016). Apartfrom this, qualitative includes, sounds, feelings, words and emotions. For the present study,research has used exploratory research type in order to exploring aim and objectives related toconflict of interest within company which is covering the corporate governance.Research approach: Three types of approaches are available for researcher to conduct researchon topic such as inductive, deductive and abductive. These approaches help to providecontribution towards new deductive tests of validity of assumptions and theories. Researcherused inductive approach for the present study which will help in finding out impact of conflict ofinterest in corporate governance.Research philosophy: Positivism, interpretivism, realism and pragmatism are four types ofresearch philosophy available for researcher in order to deal with nature and source ofknowledge. Researcher used positivism philosophy to determine key findings.3
Corporate strategy and governance: a literature review_6
Research design: Research design is a crucial topic that a general plan is required to answerquestions regarding investigation (Visser and Tolhurst, 2017). Conclusive and exploratory aretwo types of research designs. For the present study, descriptive design has been used byresearcher for finding up conflict of interest among employer and employee of company like thatof John Lewis.Data collection: Data collection helps to collect information regarding topic in order tounderstand topic in depth and effectively. There are two methods of collecting data such asprimary and secondary data collection method. For the present case study primary method isused by researcher to gather information.Sampling: Sampling includes probability and non-probability two categories to provide chanceto population to participate in study process. For the present case study, 20 employees of JohnLewis are taken and given questionnaire to fill. For this, simple random sampling is used.Data analysis: Data analysis is important that researcher analyse information and data collectedfrom primary method in order to accomplish aim and objectives of research. It is important toanalyse interpretation of figures, numbers and attempts to determine rational behind findings.4
Corporate strategy and governance: a literature review_7
Gantt chart5
Corporate strategy and governance: a literature review_8

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