An overview of the farmers co-operative - Free Essay Example

Sample details Pages: 4 Words: 1238 Downloads: 3 Date added: 2017/06/26 Category Economics Essay Type Analytical essay Did you like this example? Founded in June 1914 as a farmers  co-operative with the major function in providing services and agricultural merchandise to Western Australias rural community, Wesfamers started the road to diversification since 1950s with the pioneered program of distributing liquefied petroleum gas. Then continued to move into fertilizer production and distribution in 1984, coal mining  in 1989, launched insurance business in 1991, also hardware and forest products one in 1994, became a supplier of home improvement, building, industrial and safety products in 2001 and especially got in the retail section by 2007. During the period to penetrate many diversified fields was the transformation in terms of the size and shape of its business operations through strategic acquisitions and divestments.[1] Wesfarmers now becomes a leading public company in Australia with the operation in many various businesses including retailing, insurance, industrial, energy[2] and more detailed in wh ich are supermarkets, department stores, home improvement and office supplies, coal mining, energy, insurance, chemicals and fertilizers, industrial and safety products.[3] The business of Wesfamers is divided into two main segments. Don’t waste time! Our writers will create an original "An overview of the farmers co-operative" essay for you Create order The Retail segment comprises of four divisions in which are Coles, Home Improvement and Office Supplies, Target, Kmart. The remaining is the Industrial and Other Businesses one with five divisions included, those are Resources, Insurance, Chemicals Energy and Fertilizers, Industrial and Safety, Other activities. And following these divisions business activities is the presentation of about thirty three famous brands not only in Australia but in New Zealand as well.[4] Wesfamers always has the policy of developing a unique, highly-focused and disciplined working culture in its business through adhering to four core values: integrity, openness, accountability and boldness.[5] The company, today, not only maintains its primary and long priority, which is the provision of satisfactory returns to the shareholders set in 1986, but also aims to manage various factors that contribute to a sustainable community and society. But beyond focusing on five key principles and actions: the impor tance of people, carbon emissions reduction and energy management, community investment, the reduced overall environmental footprint, the strong economic contribution that their results will drive the companys business to the success in a broader and more complex commercial environment.[6] Business The business of Wesfamers is currently divided into two segments with nine divisions and thirty three brands included. Inside, the Retail segment comprises of the Coles divisions, a food, liquor and convenience retailer; Home Improvement and Office Supplies, a retailer of home improvement, outdoor living and office products, also a supplier of building materials; Target, a destination for fashionable clothing and housewares; and Kmart, a discount department store retailer and a retail automotive service, repair and tyre businessman as well. The Industrial and Other Businesses segment includes the Resources division which operates in coal mine exploiting and producing; Insurance, in insurance underwriting and broking operations; Chemical Energy and Fertilizers in supplying chemicals, energy, fertilizers and related services; Industrial and Safety, in supplying industrial and safety products and services; and Other activities with some activity such as becoming the ultimate holdi ng company for some Australias company in investment advisory, warehouse  business†¦[9] As mentioned in the introduction part, Wesfarmers, which is a public company and operates in many various sections, has the scope of business nearly all in Australia and New Zealand. After acquiring Coles Group in 2007, the company started to speed up its investment in the retail market with many diverse kinds of products in which are food, convenient food, liquor, petrol, home building, software, stationery, clothing, home outfit, automobile and the accompanied services. In addition, the company has still invested in the insurance market, the industrial one such as coal mining, chemical, fertilizers, energy, industrial safety and other activities. Strategy As mentioned in the introduction part, Wesfarmers, which is a public company and operates in many various sections, has the scope of business nearly all in Australia and New Zealand. After acquiring Coles Group in 2007, the company started to speed up its investment in the retail market with many diverse kinds of products in which are food, convenient food, liquor, petrol, home building, software, stationery, clothing, home outfit, automobile and the accompanied services. In addition, the company has still invested in the insurance market, the industrial one such as coal mining, chemical, fertilizers, energy, industrial safety and other activities. After nearly 100 years for survival and development, the company is now owning the broad retail network with the potential consumer market across Australia and New Zealand through store, department stores, dealer, supermarkets and websites. Westfamers has become a reputation and credit company by the way to satisfy customers through t he best quality, service and convenience of products also the variety of type and the suitability in price. Together with the staff of talented employees within the sound governance system, the company is step-by-step performing the sustainable development to create extra value which will contribute to shareholders, stakeholders, and communities, also one which is certified by government and population, and one that is used as an advantage for developing the business activities in the future. Vision, Mission and Goal Ever since becoming a listed company in 1984[1], Wesfarmers had stated to pursue its long objective also primary priority as a provision of satisfactory returns to shareholders. That is today be remaining and will continue to remain in the future with the central focus of the whole companys effort. Besides, Wesfarmers also wants to have a reputation as a company which operates according to the highest ethical standards and one which contributes strongly to the communities and society in which the company operates. Especially over and above the benefit, Wesfamers aims to create value in the sustained and responsible way[7]. In order to provide satisfactory returns to shareholders, Wesfamers has set the goal for the development of a unique, highly-focused and disciplined working culture in its business through adhering to integrity, openness, accountability and boldness[5]. Simultaneously, providing value to shareholders, customers, employees, suppliers and community partners base d on ensuring the strong economic, environmental and social performance also the sound governance framework that their contributions will drive the companys business to the success in a broad and complex society[7]. Moreover, Wesfamers also aims to the national reconciliation with Aboriginal people as a way to enhance the importance and equality of people[8]. Wesfamers believes that the accomplishment of the goals must focus on the following key principles and actions: Maintaining and enhancing the physical environment in which the company operates including strategies to minimize carbon missions, improve water and energy efficiencies and minimize commercial by-products and waste. Providing a safe and secure work environment for all employees, customers and stakeholders. Treating stakeholders including employees, customers, shareholders, suppliers and the broader community with respect and decency. Investing in the community through partnerships, programs and sponsors hips over and above the direct economic and commercial benefits Wesfarmers provides. Acting in accordance with high ethical standards[7]. 1. Company history. About us. The Wesfamers company. Retrieved from https://www.wesfarmers.com.au/about-us/company-history.html 2. Wikipedia. Retrieve form https://en.wikipedia.org/wiki/Wesfarmers#Further_reading 3. Home . The Wesfamers company. Retrieved from https://www.wesfarmers.com.au/ 4. Company structure. About us. The Wesfamers company. Retrieved from https://www.wesfarmers.com.au/about-us/company-structure.html 5. Company Value. About us. The Wesfamers company. Retrieved from https://www.wesfarmers.com.au/about-us/company-values.html 6. Home. Investors. Reports. The Wesfamers company . Retrieved from https://media.corporate-ir.net/Media_Files/IROL/14/144042/Wesfarmers/WES/index.html 7. Retrieved from 2010 Share holder review.pdf 8. Retrieved from 2011 Reconciliation action plan.pdf 9. Retrieved from 2010 A nnual report.pdf

Religion And Its Impact On Society - 1163 Words

Religion has created major turmoil in America. Every night on the news, specialists elaborate more and more about the candidates and their ideas. Many of the most controversial issues are refugees, terrorism, and abortion; all of which all have aspects dealing with religion. This is a sharp contrast to the supposed â€Å"separation† of church and state in America, since citizens are electing the next president based on his religion-based opinions. These opinions are often altered through the instantaneous spread of information. This leads to incorrect accusations that threaten the Candidates reputations and campaigns. This situation is more relevant now than ever before due to the abundance of social media and news outlets. While observing the dynamic relationship between religion and politics, it becomes crystal clear that they are closely intertwined. Interactions in today’s society involves social aspects and a religious aspects. These two combined create a basis fo r political persuasion. It poses the question, if there is any separation between church and state in America today. The answer is simple: no. Today in America, all of the political decisions, elections, and debates are rooted in religion, especially while looking in-depth at social aspects such as interaction, imitation, and demographics. The Psychology of Politics Social interaction is the â€Å"process of reciprocal stimulation or response between 2 people† (Social Interaction). This is what creates the social orderShow MoreRelatedReligion And Its Impact On Society1473 Words   |  6 Pages The dictionary defines society as â€Å"an organized group of persons associated together for religious, benevolent, cultural, scientific, political, patriotic, or other purposes† and religion as â€Å"something one believes in and follows devotedly; a point or matter of ethics or conscience.† The question stated on our political survey reads â€Å"shared religious belief isn’t and important part of our society.† And I disagree with that. Almost everyone has his or her own sets of beliefs and morals, which isRead MoreReligion And Its Impact On Society910 Words   |  4 PagesNot a single person would define religion, in their own words, the same as anyone else. James Martineau, an English philosopher influential in the history of Unitarianism, once said â€Å"Religion is the belief in an ever living God, that is, in a Divine Mind and Will ruling the Universe and holding moral relations with mankind.† Many different people see religion in many different ways. Religion has been an important place in the history of civilization. It gives a meaning and purpose to human life andRead MoreReligion And Its Impact On Society1343 Words   |  6 Pagescirculation religion has been a part of society that has always been there. But is this idea of rules and regulations enforced by a belief system really helpful to society? In a world without religion would there be less wars, hatred, and discrimination? With so many people involved or affiliated with religion it is important to explore deeper into the negative impact that religion has on society and try to make the world a better place with information that will help all. At a personal level religion fulfillsRead MoreReligion And Its Impact On Society1 033 Words   |  5 PagesCenter’s Forum on Religion Public Life, more than 230 countries were estimated to have 5.8 billion religiously affiliated people nationally (Global). This large statistic represents 84% of the 2013 world population, which at that time was 6.9 billion (Global). Religion has an immense presence in this world, but it also has a huge impact on the society that surrounds it. Contributing not only to the good of society, religion has also been used to disrupt and cause chaos. Impacting society positively,Read MoreReligion And Its Impact On Society922 Words   |  4 Pagesand it is impossible to think that every person in the world believes the same thing. A person’s morals can be based off of their geographical location, religion, political party, upbringing, or even the time period in which they lived. Each of these factors can greatly impact what people think is right and wrong. Religion has a huge impact on what people’s morals are. For example, many Hindus find that it is immoral to eat meat, while many Christians do not find a problem with it. This doesRead MoreReligion And Its Impact On Society1699 Words   |  7 PagesFor the past centuries religion has been a major force in the world and still continues to be one as there are billions of people that believe and follow a certain religion, but sadly religion has had a largely negative impact on the world today. As people continue to view religion in an unrealistic positive manner they continue to be deceived about its negative impact. During recent years there have been many headlines about how religion influenced people in performing terrible acts that oppressRead MoreReligion And Its Impact On Society1310 Words   |  6 Pagesforce in society. Religion has been a major component of human culture since nearly the beginning of man. As we emerged as a high intellect species, we developed man y different ideologies to answer some of our unanswerable questions. Since these developments, we continue to evolve as a species and the ideologies we have created evolve with us in our endlessly changing societies. As civilization grows, our different cultures clashed for many different reasons, one of which has been religion. As theRead MoreReligion And Its Impact On Society951 Words   |  4 Pages Religion to me is a set of beliefs and practices that can determine actions in everyday life by determining morals and deciding what is right and wrong in each society. This is a general idea that I believe has guided societies for centuries and has shaped today’s cultures. As we study cultures around the world, we can find significant influential factors dating back to a prominent religion that shaped the ideals of culture telling the people what is deemed acceptable practice and behavior and whatRead MoreReligion And Its Impact On Society1862 Words   |  8 PagesReligio n ranks as one of the most divisive factors in the world today dividing not only believers and non-believers but as well as those of different sects. Different ideals, and views of the diverse religions spur negativity amongst countries, races, friends, and family alike driving wedges whilst creating problems between individuals. However it also has brought billions of people together, going on to forge a sense of shred belief and unity of purpose across wide racial and geographical dividesRead MoreReligion : What Are Its Impacts On The Society?1601 Words   |  7 PagesReligion: What are its Impacts to the Society? Human as a physical and finite being believes that there is the spiritual entity or entities which unlike man are infinite and more powerful. Human sought to have a relationship with this sacred being, and the medium which he has devised to do so is religion. Borne out of human’s quest or search for purpose and meaning, religion was employed to provide answers to some basic intriguing phenomena, which bothers him on daily basis. Religion

There is nothing like “Diminishing returns” in the real world Free Essays

The Law of Diminishing Returns states that increasing one variable input, while keeping the rest of the variables constant, will eventually yield a result opposite the intended purpose of the variable change. The change will rise at first, reach peak and will eventually skew downwards sooner or later (Tutor2u Website). In economics, when marginal physical product (MPP) starts to decline, diminishing returns to labor occurs. We will write a custom essay sample on There is nothing like â€Å"Diminishing returns† in the real world or any similar topic only for you Order Now This means that total output will increase at a decreasing rate when more workers are employed. Eventually a decline in marginal product leads to a fall in average product. What accounts for this decline in MPP? The answer lies in the ratio of labor to other factors of production. For instance, a third worker begins to crowd the facilities available. We still have only the one sewing machine. Two people cannot sew at the same time. As a result, some time is wasted, as the operators wait for their turns at the machine. Even if they split up the various jobs, there will still be some downtime, since measuring and cutting are not as time-consuming as sewing. In this sense, we cannot make full use of a third worker. The relative scarcity of other inputs (capital and land) constrains the marginal physical product of labor (Schiller 2005, 90-91). Eventually, if we add more workers, this will cause so much congestion that marginal product would become negative and total product would decline. At the extreme, the addition of more and more labor would exhaust all the standing room available and total product would fall to zero. Another example of this is when applying higher amounts of fertilizer in a tract of land, a farmer expects higher yields during harvest time. But, there is just one point that even though you will apply more fertilizer in your soil, the total number of yield will just be the same, if not decreasing slowly. In the real world, the concept of diminishing returns is practically applicable in all aspects of life, not only in economics, where resources are available. For example, if you like pizza, I’ll give you two slices of pizza. That would taste great at first. However, when I require you to eat three whole boxes of pizza, there is this nth number of slice where you would give up eating pizza because you already have enough. If you do not stop eating, chances are: you are going to throw up. Diminishing returns, is supposedly the economic equivalent of negative feedback, which argue that market demand decreases at a point where the need becomes saturated. The initial sales of a new car model stir up considerable market interest; subsequent sales generate increasingly less interest. At some point, the market for that car stabilizes. A glass of lemonade after a round of tennis on a hot day would be quite important to you, and you would probably be glad to pay a child at a lemonade stand, say, a dollar for it. However, the next glass is of less value to you and the third glass, even lesser. The Law of Diminishing Returns favor no time, person, or place as they allow no particular advantage except the advantage that assure the â€Å"free market† principle. Diminishing returns impede unnatural growth and prevent any given system from monopolizing environmental resources. Thus, there is plenty of opportunity to go around. This means there are chance for everybody: with hard work and intelligence, any child who is born a citizen of the United States can become president; any mom and dad could do business to own huge corporation, and any town can become a Silicon Valley. How to cite There is nothing like â€Å"Diminishing returns† in the real world, Papers