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Corporate Strategy And Governance - Waitrose Ltd Assignment

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Added on  2021-01-02

Corporate Strategy And Governance - Waitrose Ltd Assignment

   Added on 2021-01-02

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Corporate StrategyAnd Governance
Corporate Strategy And Governance - Waitrose Ltd Assignment_1
Table of ContentsTITLE..............................................................................................................................................1Chapter 1 Introduction.....................................................................................................................11.1 Background and rational of the research .........................................................................11.2 Background of Waitrose Ltd............................................................................................21.3 Aims and objectives of research.......................................................................................31.4 Research Questions..........................................................................................................31.5 Structure of the research project.......................................................................................3CHAPTER 2: LITERATURE REVIEW.........................................................................................52.1 The different legal requirements that are to be followed by the Waitrose.......................52.2 The impact of non compliance of law on the growth and the sustainability of Waitrose.62.3 Corporate governance helps in dealing with compliance with laws................................72.4 The relationship between the issue of compliance with legal requirements and growth inWaitrose..................................................................................................................................7CHAPTER 3: RESEARCH METHODOLOGY ............................................................................93.1 Data Sources: ...................................................................................................................93.2 Techniques and procedures, and research instruments:.................................................113.3 Research Sampling:........................................................................................................113.4 Research Ethics: ............................................................................................................123.5 Research Limitation........................................................................................................123.6 Research Reliability and Validity: .................................................................................12CHAPTER 4: DATA ANALYSIS OR CRITICAL REVIEW......................................................13CHAPTER 5: RECOMMENDATION AND ACTION PLAN ....................................................235.1 Recommendation:...........................................................................................................235.2 Action plan.....................................................................................................................23Time scale......................................................................................................................................25REFERENCES .............................................................................................................................26
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TITLETo identify the impact of non-compliance of lawson business performance. A case studyon Waitrose Ltd.Chapter 1 Introduction1.1 Background and rational of the researchBackground of research Corporate governance refers to the systematic structure of pre-organised activities bywhich an organisation is supervised and reserved (Corporate Governance, 2018). The term cameinto existence in the year 1970 in the Unites States of America and became a subject of debateworldwide by the investigators and the researchers as well as the business houses. The term non-compliance of laws is defined as the failure that arise if the laws that are made are not followedby the corporates. When a company does not comply with the laws then it would result in crimeor civil wrong which can impact the goodwill of business.Corporate governance mainly associated with enhancing and retaining the interests ofshareholders, management, customers, suppliers, investors, regulatory and other interestedparties (Chen, Feldmann and Tang, 2015). Corporate governance produce a structure forachieving organisation's objectives, it provides plans for internal and sophisticated operations tobalance performance measurement and mandatory disclosures. Corporate governance has greatimportance for company due to increasing issues in relation to non-compliance of standards offinancial reporting and responsibilities of boards of directors and management causing heavylosses for investors. Protection of interest of Investors and shareholders of a public company isrequired due to absence of adequate standards of financial reporting. In present scenario companies are raising capital from market at high valuation of theirshares by describing incorrect or false picture of the company’s performance and profitability(De Silva Lokuwaduge and Armstrong, 2015). Stakeholders suffers difficulties to identify suchcompanies due to unethical management of company that performed much less than reported forthe purpose of raising capital. Corporate governance also demonstrated by allotting promoters’share at favoured prices out of balance to market value by affecting minority holders interest.Corporate governance is also considered as solution for investors’ grievances.Rational of issue 1
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This research project will help the reader to know the issues that arise in corporategovernance if there is non-compliance of laws. Laws are the legal regulation that companyshould follow so that it can achieve the target objectives by working on other revenue generatingfunctions (Isidro and Sobral, 2015). For a company it is highly appreciated if it comply with thelegal requirements as if the these are not followed then it will impact the current working of thecompany and would also result in decreasing market share of their products. The board shouldcheck that whether the company is following all the legal requirements or not as if these are notfollowed ethically then it would hamper the employees satisfaction and the customersrequirements. Also the environmental laws must be complied with so that the penalties are notattracted towards the company. Issue in Corporate governance or strategy The issue in corporate governance arises when the organisation is not able to checkvarious other functions which impacts the operations of business in smooth and better manner.Managers in an organisation should check and analyse that laws are followed so that there is nofurther issues, so that future strategies can be build through which these corporate governanceissues can be tackled (Kagan, Thornton and Cunningham, 2017). It is the main issue in acompany to comply with the legal requirements as if these are not fulfilled then it would lead toloss in reputation of the company and would also make the company suffer financial loss in theform of penalties. If these laws are not fulfilled then it may also lead to closure of the business ofthe company. As the company is liable towards its stakeholders it should follow all therequirements in better and soothing way that helps the society to develop. So the companyshould take care that it should follow the laws that are implemented and should check the legalrequirements as and when amended that are affecting the company. 1.2 Background of Waitrose Ltd.In this report, chosen organisation is Waitrose Limited which is currently operating itsbusiness in UK which is a part of British Supermarket and its headquarters are in Bracknell, UK.The company was founded in the year 1904. The founder of the company was Wallace Waite,Arthur rose and David Taylor. The company is currently operating in around 352 location whichis within the country and outside the country also. it is the subsidiary of John lewis partnershipand is a private limited company. In current era all the organisations like Waitrose Limited arefacing various types of challenges. To operate and execute the business appropriately and2
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successfully the organisations should formulate policies and strategies so that all of them can bedealt properly. 1.3 Aims and objectives of researchThe aim of the research is to identify the impact of Non-Compliance with laws onbusiness performance. A case study on Waitrose Ltd.Objectives: The objectives of this research proposal are:To know the different legal requirements that are to be followed by the Waitrose.To determine the impact of non compliance of law on the growth and the sustainability ofWaitrose.To assess how corporate governance helps in dealing with compliance with laws.To determine the relationship between the issue of compliance with legal requirementsand growth in Waitrose.1.4 Research QuestionsThe issues that the reader of the research would be able to answer after reading the reportare:What are the different legal requirements that are to be followed by Waitrose?How does non-compliance of law impact the growth and sustainability of Waitrose?How corporate governance helps In dealing with compliance of laws?What is the relationship between legal requirements and growth of Waitrose?1.5 Structure of the research projectThere are different stages needed by the researcher to complete research activities insystematic manner. Research project structure includes some phase which are determined asunder: Introduction: This is identify as a first chapter which cover entire detail about theresearch topic including research title, aim, objectives, questions, rational, background andoverview of the company. Literature review: It is a nest chapter which is a part of secondary research and provideproper information about the research (Marosin and Ghanavati, 2015). Main purpose of this3
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section is to gain accurate understanding of the existing research to a specific area of study ortopic. Research Methodology: It is a third chapter which is also more significant for theinvestigator to collect accurate information about the topic through different methods. As itincludes, qualitative and quantitative research, primary and secondary research, non-randomsampling, questionnaire as a part of primary research. Data analysis: It is another important chapter in which critical evaluation of research isdiscussed. It is based on both primary as well as secondary source (McBarnet, 2019). In case ofprimary, accurate results are obtained by questionnaire Conclusion and recommendation and Action plan: It is introduce as a last chapterwhich includes overall summary and issue of the research. In order to overcome these issue,recommendation are provided to the company and action plan is prepared by the researcher. Thisplan help an investigator to identify reason and implement an effective strategy to overcomeissue easily (Olamide, Uwalomwa and Ranti, 2015). 4
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