Woolworths Limited – Accounting, Behaviour, and Organisation

ACCT1014
Woolworths Limited – Accounting, Behaviour, and Organisation
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ACCT1014
Executive Summary
The organisation Woolworths Limited is one of the largest retailers in Australia and they
effectively maintain the hierarchical organisational structure to perform their activity in the field.
The performance level of the firm is also maintained by the effective value of business process
and the activeness within the market. It could be viewed from the entire performance
measurement and the reward system of the field that the business has increased their sales
growth by the sustainable development of the working process within the market.
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ACCT1014
Table of Contents
1.0 Introduction...........................................................................................................................................3
1.1 Organisation background...................................................................................................................3
1.2 Theme background............................................................................................................................3
1.3 Competitors.......................................................................................................................................3
2.0 Business strategy...................................................................................................................................3
2.1 Business mission...............................................................................................................................3
2.2 Competitive advantages.....................................................................................................................4
3.0 Organisational structure.........................................................................................................................4
3.1 Structure diagram and work unit type................................................................................................4
3.2 Decentralisation.................................................................................................................................5
3.3 Responsibility center.........................................................................................................................5
4.0 Literature Review (Environmental responsibility).................................................................................6
5.0 Performance measurement and reward system......................................................................................6
6.0 Recommendations.................................................................................................................................7
7.0 Conclusion.............................................................................................................................................7
References...................................................................................................................................................8
Appendices................................................................................................................................................10
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ACCT1014
1.0 Introduction
The primary purpose of the paper is to focus on the organisational chart and their responsibility
center to perform the activity within the market. The paper will also provide the focus on the
environmental responsibility utilised by the firm to perform their activity in the field and develop
working process.
1.1 Organisation background
Woolworths Limited is the primary Australian company that has the extensive retail interest
throughout the area of Australia as well as New Zealand (Woolworthsgroup.com.au, 2018). By
the term of revenue, this is considered to be the second largest firm in the country. It can be seen
that Woolworths is one of the largest takeaways of the liquor retailer within the country. They
are also the largest hotel as well as gaming machine operator as well as the 19th largest retailer in
the world. The company is having the workforce of around 205,000 and their revenue for the
year 2017 was 55.669 billion Australian dollar.
1.2 Theme background
Environmental responsibility is the responsibility of the firm towards the natural resources that
help to minimise the damage as well as it ensures the resources for the future generations. The
responsibility of the firm within the field and also the environmental factor for maintaining the
valuable process within the field.
1.3 Competitors
The major competitor of the firm is the Walmart, then the Coles group, Tesco and the Target
Corporation. The competition level is high in the retail industry and for that, there are numerous
other retailers who have got the valuable field within the field.
2.0 Business strategy
2.1 Business mission
The business provides the valuable process within the retail sector that help to provide numerous
working function within the field. The primary mission of the company in the market is to build
the customers as well as store-led culture along with the team (Johnston, Stafford, Pierce, &
Daube, 2017). They are also evolving the sustainable sales momentum within the food market.
Another business mission of the company is to evolve of drink business for providing the value
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