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    SBM3305 Organisational Development of – Wesfarmers

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    This unit provides an in-depth understanding of contemporary issues on organisational development and change. Decision makers, managers and business practitioners are constantly having to address changes in the organisational landscape. For organisations – businesses, governments and their agencies as well as non-government organisations (NGOs) operating in rapid technological change, competitive global market, diversity in the political, economic and socio cultural settings, to remain relevant and competitive can be a challenging task. This unit provides a holistic and integrative analy...

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    Wesfarmers is the largest conglomerate organization which is headquartered in Australia, it has been known for its ever increasing revenue and in order to understand better in a way which helps Wesfarmers to grow and progress, it is important to have a fair idea of what is the best strategy which Wesfarmers are implementing and to enhance the performance better. It is hence important to understand what all steps can be useful for the Wesfarmers to be included in the domain which can be useful. Wesfarmers is a conglomerate company and has been headquartered in Western Australia. It is an organization which has multiple domains and can be said that it covers varied range of products starting from, safety, agriculture, mining, chemical, and many more. And in the same domain AU$65.98 billion is the revenue which the organization is attaining. When the company is such a huge conglomerate company then it is very important to have a check on to the loopholes and to make sure that all the steps are being followed in a proper way. It is important to understand to have a better strategy which can be placed into action.Customers and there needs are ever increasing and to meet the need of the customers management has to take care of all the strategies which is being posed for the better functioning of the organization. The most important aspect is to form a strategy which is for the better functioning of the organization. It falls the responsibility of the firm to have a plan which can be proved to be beneficial for the organization (Warner B, Warren H S, 1980). The main aim of any of the organization is to gain the maximum profit at a very minimum time span. In that way it is very important to have a strategy plan which can be executed at a very minimum time span. It is thus very important to have a strategic plan and to ensure that each and every point is taken into consideration. Organizational development is nothing but advancement in the organization in every perspective. It is the need which needs to be taken care of while dealing with the overall development of the organization. 

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

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