Wesfarmers is one of the leading organizations in Australia and, is a multi-year organization; it has dominated the retail market in Australia and New Zealand. In addition, the headquarters of this organization in Perth, Western Australia manage the generation of industrial products, chemicals, fertilizers, and many more products. It is an organization that has more than 2,000,000 people working in Western Australia while in New Zealand it has 4,000,000 investors that are allocated at different markets with much greater development prospects. With this in mind, it is necessary to conduct an environmental survey of the organization.
The importance of an environmental examination of this organization cannot be overstated. It encourages the organization to understand and evaluate logically important procedures for the survival and development of organizations. As far as Wesfarmers is concerned, an internal survey of the organization will help in recognition of the internal elements of the organization that can give the organization the means to value sustainable supremacy. As a result, using the SWOT search strategy is a great help. With the help of the SWOT search strategy, Wesfarmers is likely to improve the understanding of quality, gaps, open house, and merger risks.
Strengths, Weaknesses, Opportunities, and Threats of Wesfarmers
•Wesfarmers is the foremost organization in the world that has gained a tremendous brand recognition over the years.
•The Organization appreciates the high rates of development in the market.
•The organization has over 4,000,000 investors.
•Wesfarmers appreciates the wider market and, as such, the organization, which employs a wide variety of jobs, including Coles, Target, etc., can undoubtedly face a tireless development without the impact of a fall sector.
•The organization is very close to Australia therefore, an important sector, faces a serious trade threat.
•Restricting the benefits of the organization is not as strong as possible, and the operational advantage of the organization has been declining steadily in recent years. For example, from 2006 to 2007, the organization's net income increased from $ 618.1 million to $ 772.5 million.
•The Organization is also working on a very aggressive market.
•The current budget emergency in Australia could jeopardize the reliability of the income generating organization.
•The development in the world will allow the organization to improve its revenues and profits. As a widely recognized organization, it will be less demanding for the construction of Wesfarmers next to Australia and New Zealand.
•The size of the payers' pay is steadily increasing.
•The organization can improve quality and administration.
•The huge challenge of opposition organizations, such as Woolworths, MetaCash Limited, Myer, and others.
•The cost of raw materials is rising rapidly in Australia.