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Wesfarmers Company- Project Report

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Added on  2019-11-26

Wesfarmers Company- Project Report

   Added on 2019-11-26

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[Year]REPORT ON WESFARMERS[Type the document subtitle][Type the author Name]
Wesfarmers Company- Project Report_1
Table of ContentsINTRODUCTION...........................................................................................................................................3OVERVIEW OF THE COMPANY ....................................................................................................................3PERFORMANCE...........................................................................................................................................................4RECOMMENDATION..................................................................................................................................................5CONCLUSION..............................................................................................................................................................52
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INTRODUCTIONThere are several employment opportunities in various companies across Australia; however fewof them provide best working conditions to its employees. LinkedIn Lists of the current year 2017 provides us with top 25 countries in Australia with regards to employment. The purpose of this report is to provide an insight of one such company which is Wesfarmers for this report and to understand the guiding principles, values and working environment followed by the company which makes it working worthwhile. The report will start with introduction of the company, an overview of its performance followed by recommendations for other companies and a concluding note at the end. OVERVIEW OF THE COMPANYWesfarmers, one of the most prosperous companies in Australia was established in the year 1914with its head office in Western Australia. It stand number1amongst the most thriving 2000 countries in Australia (IBISWorld, 2016). It is one of the major listed companies in Australia. Initially, it was formed as a Western Australian farmer’s co-operative; however it broadened its horizons as a diversified company with a huge product and service base. Its multifarious businessoperation comprises of hotels and convenience stores, supermarkets, home improvement and office supplies - Bunnings Ware house, Officeworks and Home Retail Group, departmental stores –Kmart and Target, liquor and manufacturing division including companies in industrial and safety products, chemical, energy and fertilizers (WesCEF), resources such as coal.PERFORMANCEWesfarmers is amongst Australia’s most flourished companies. With approximately 220,000 employees in the year 2016, it is considered as one of the leading employers across Australia. Its major aim is to generate huge proceeds for its shareholders. Since 1984, the year in which the company was listed, Wesfarmers total shareholders return (TSR) has been showing an upward trend. It clearly proves that it is successful in handling varied industries. The company comprisesof nine divisions working in separate industries. Despite of the fact that it is a diversified company with distinct fields, Wesfarmers has been victorious in sustaining its businesses 3
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