Analysis of Business Level Strategy and Value Chain of Woolworths
Verified
Added on 2023/06/08
|6
|807
|163
AI Summary
This article provides an analysis of the business level strategies and value chain of Woolworths, including the priorities, value chain analysis, and support activities. The article also discusses the role of effective business strategies and value chain in the success of Woolworths.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Running head: STRATEGIC MANAGEMENT STRATEGIC MANAGEMENT Name of the Student Name of the University Author Note
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
1 STRATEGIC MANAGEMENT Table of Contents Post 4..............................................................................................................................2 Analysis of business level strategy................................................................................2 Assessing the business level strategies that are implemented by Woolworths..............2 Value chain analysis of Woolworths..............................................................................3 Primary Activities..........................................................................................................3 Conclusion......................................................................................................................4 References......................................................................................................................5
2 STRATEGIC MANAGEMENT Post 4 Analysis of business level strategy Business level based strategies that are developed by the organizations are mainly based on the actions which can provide them with competitive advantage. The different core competencies which are possessed by the company are also an important part of the business level strategies. The business level strategies are mainly based on the ways by which thefirm can fulfil the needs and demands of the customers. The position which is developed by the company in comparison to the competitors is an important part of business level strategy of modern organizations (Kasemsap, 2014, pp. 102-116). Assessing the business level strategies that are implemented byWoolworths The business level strategies of Woolworths are based on five major priorities which include the following, The development of proper customer and store-led based culture. Trying to generate the sustainable sales based momentum in the food business. Improving the drinks related business so that the customers are provided with optimum value. The empowerment of portfolio based business in order to follow the strategies in an effective manner. Development of lean processes with the help of end-to-end process. The retail team of the company is mainly concerned with the ways by which strategies can be developed in order to fulfil the objectives (Simon, Fischbach & Schoder, 2014, pp.5- 42).
3 STRATEGIC MANAGEMENT Value chain analysis ofWoolworths Primary Activities Inboundlogistics–Woolworthshasbeenabletodevelopeffective relationshipswiththesuppliersinAustralianretailbasedindustry.The company has been able to improve its distribution services in this manner. Operations –The processes which are used by company are standardized in nature and has helped in developing successful operations of Woolworths. Outbound logistics –The customers in the retail industry of Australia are provided with fresh products by Woolworths with the help of the value chain. Salesandmarketing–Thepromotionalactivitieswhichhavebeen performed by the company have played a significant role in the operations of the value chain of Woolworths. Service –The in store services which are provided to customers is also an important part of the value chain (Woolworthsgroup.com, 2018). Support Activities Infrastructure of the firm –The vast number of stores of Woolworths which have been developed all over Australia and New Zealand is a significant part of the infrastructure of the company. Human resource management activities –Woolworths has been able to acquire greater than 2,00,000 employees in different areas of its operations. This has been an important of the effective value chain. Technology –Woolworths has implemented modern technologies like self- checkout in the stores for providing faster services.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
4 STRATEGIC MANAGEMENT Procurement –The procurement based activities of Woolworths have been able to play a major role in acquiring the raw materials (Steinbach, Holcomb, Holmes, Devers & Cannella, 2017, pp.1701-1720). Conclusion The analysis can be settled by asserting that the effective business based strategies and value chain of Woolworths has been able to play a key role in its success in the industry. The value chain of the organization is an important part of operations of Woolworths.
5 STRATEGIC MANAGEMENT References Kasemsap, K. (2014). Strategic innovation management: An integrative framework and causalmodelofknowledgemanagement,strategicorientation,organizational innovation,andorganizationalperformance.InStrategicapproachesforhuman capital management and development in a turbulent economy(pp. 102-116). IGI Global. Simon, D., Fischbach, K. & Schoder, D. (2014). Enterprise architecture management and its roleincorporatestrategicmanagement.InformationSystemsande-Business Management,12(1), pp.5-42. Steinbach, A.L., Holcomb, T.R., Holmes, R.M., Devers, C.E. & Cannella, A.A. (2017). Top managementteamincentiveheterogeneity,strategicinvestmentbehavior,and performance: A contingency theory of incentive alignment.Strategic Management Journal,38(8), pp.1701-1720. Woolworthsgroup.com(2018).AboutUs-WoolworthsGroup.[online] Woolworthsgroup.com.au.Availableat: https://www.woolworthsgroup.com.au/page/about-us/ [Accessed 27 Aug. 2018].