The Success of Woolworths

Topics: Woolworths Limited Pages: 4 (1199 words) Published: August 25, 2013
Executive Summary
The following report will investigate the Australian retail/grocery supermarket Woolworths and its parent company Woolworths Limited. This report will explore the success Woolworths and its contribution to the Australian economy.

It will examine the following subjects:
* About Woolworths
* Business Structure
* Responsibilities to Stakeholders
* Internal and External Influences
* Strategies for Future Growth

About Woolworths
Woolworths is a conventional supermarket owned by Woolworths Limited. It started as a basement store in Pitt Street in 1924, and is now one of the leading competitors in the supermarket business. With over 850 stores in Australia, and 110,000 Woolworths staff, they provide their customers with great service, products and price.

With 96% of their fresh fruits and vegetables are Australian grown and 100% of their beef is Australian made, the aim to live to their slogan ‘the fresh food people’. They aim to develop long-term relationships with their producers and farmers, to have a consistent quality of fresh produces.

Business Structure
* Size
Woolworths is classified as a national company.
* Location
Woolworths run their business in Australia, having a store in almost every regional and metropolitan area. * Industry Type
Woolworths is a tertiary retail company, providing the service to sell products made from other companies. * Legal Structure
Woolworths is a subsidiary company, owned by Woolworths Limited.

Responsibilities to Stakeholders
Woolworths holds many responsibilities that their various stakeholders expect. They have taken the measure to make sure that the correct steps are taken to uphold these responsibilities.

Stakeholders| Responsibility| Measures Taken|
Investors| Competitive ROI, and being informed on the path the company takes| Quarterly investor briefings, open to all shareholders.| Employees| Safe and healthy workplace | ‘Destination...
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