Woolworths: Challenges, Foreign Laws & Responsible Leadership

This presentation outlines the challenges faced by Woolworths in the international business environment, emphasizing the importance of responsible leadership. It covers topics such as the complexities of the global business environment, the company's international structure, navigating foreign laws and regulations, international accounting standards, calculating costs and pricing strategies, choosing appropriate shipping methods, supply chain complexities, and environmental issues. The presentation also highlights key traits and skills of a responsible leader, including self-management, strategic thinking, effective communication, and accountability, and how these qualities affect stakeholders. Furthermore, it discusses steps leaders should take to strengthen the organizational culture, focusing on changing organizational behavior and adapting the organizational culture to promote positive change. This resource is contributed by a student and is available on Desklib, a platform offering study tools and solved assignments.

Power-point
presentation on
Woolworths Company

Challenges which are
faced by International
Business International Structure of the company.
 Foreign laws and regulations .
 International Accounting.
 Calculating the cost and pricing
strategies.
 Choosing right shipping methods
 Complexities in the supply chain.
 Environment issues which are faced
worldwide.

The complexities of the
global business environment
If the aim of the company is to be competitive globally, then
the company should make the first consideration in the
structure of their organization as well as the location of the
teams in the place where it has to face various challenges .
The organizational structure of Woolworths is :

Foreign Laws and
Regulations Navigating the legal requirements is
the main function for any successful
international organization, it also
includes the tax implications as well as
the trading laws
 A good rule thumb is very much
important in engaging the
questionable activity which should be
legal . This can have future
reputational repercussions.

International Accounting
Standard
•Different types of tax systems , rates
and other compliances are required in
order to make the accounting
department of an organization function
properly.
•Accounting can be presented as a
challenge to the multinational business
organization.
•The accounting strategy can be used in
maximizing the revenue of the company
and the area or region where the
business performs is liable to pay the tax.
•The aim of most international business
organizations is to focus on the tax
efficiency.

Calculating the cost and
pricing strategies
 International business organizations
which does business globally must
consider the cost to remain competitive
also ensuring the profit maximization.
 Creating a bench by researching the price
of the direct target market as well as the
competitors in the local market.
 Pricing details can also come down on
how a business organization choose their
brand position.

Choosing the right shipping
methods
Right choice of the shipping
methods of an organization can be
a major influence in the revenue
earnings of the company .
The considerations which a
company should be keeping in
mind are customs fees, the cost
and need of the storage and store
operator as well the distribution
methods which are used.

Important trait and
skills of a responsible
leader. Self –managing : It is very hard to
manage others if a leader cannot
manage himself. Self managing means
being able to prioritize the goals and
being responsible to accomplish the goals
and responsibilities of the organization.
 Acting Strategically: A leader should
always be open minded as because it is
very necessary for today’s leaders.
Thinking strategically involves assessing
the business environment. A leaders

Continued ...
 Being and effective communicator :
Powerful leaders know when to speak and
when to keep silent. This is known as
effective communication , where the
leader explains the employees about the
goals of the specific tasks in the
organization.
 Being accountable and responsible:
Successful leaders know how and when to
use the power of authority. Effective
leaders take responsibilities of their own
mistake and they also expect other to
follow it out.

How stakeholders are affected
by responsible leadership
 The responsible leadership qualities weigh and
balance diverse claims for all the stakeholders .
The code of ethics makes effort in building and
maintaining the lasting and trustful relation
with the stakeholders, which thus aims to
achieve development of the corporate society.
 Present research shows that globalization
makes the leaders confront along with the
heterogeneous stakeholders. Leaders need
have to build strong abilities and skills so as to
cope up with the stakeholders of the
organization.

Steps leaders should take to
strengthen the Culture of
Organization
Changing organization with culture :
Leaders , employees and managers have
different types of responsibilities . A
leader cannot change more than two
types of behaviors at a time. A manager
has to focus on the first part. After
figuring it out one will be able to change
things which are beneficial for the
organization.
Changing the organizational culture
within the organization: The leader