The Importance of Interdependence and International...

The Importance of Interdependence and International Cooperation We are not a nation alone in the world. We do not make up the beliefs, developmental status, and environment of the entire globe. To act as if there is no interdependence within states is not only ridiculous, but also dangerous. Professor Squibwell draws attention to this issue, and while his views may be a little extreme in the statement that â€Å"the world functions as a single integrated unit,† he is accurate in suggesting that we â€Å"collaborate with other states, strengthen international organizations, and support the humanitarian and educational activities of international civil society.† International relations are dictated, to a large degree, by a set of norms. While†¦show more content†¦It therefore must produce the items for which it has a comparative advantage and trade those goods for those that another country had a comparative advantage for producing. While each nation may be working for his own gain in trade, there is also a concern for the overall gains of all states. Mercantilism may have worked in the past, but in today’s world it is important to create strong foundations for the future. Selfishness and personal gain is not doing anything of value in the world. Interdependence is also furthered economically with the importance of multinational corporations (MNCs). These mostly private institutions conduct business in more than one state concurrently and are located mainly in the world’s leading industrialized states. MNCs are important to states in that they generate new wealth. For the most part, they are industrial corporations that sell products made in factories all over the world to consumers in different states. Also under the heading of MNCs are service corporations. These include chains of restaurants, hotels, airlines, and other businesses that operate by providing services. Financial corporations are also considered multinational corporations. With most of the world’s banks being Japanese or European and money moving across borders as much as $1.5 trillion each day (Goldstein, 423), banks and other financial corporations make up some of the most integrated institutions of the world.Show MoreRelatedCooperation Between Nations And The Involvement Of International Institutions898 Words   |  4 PagesDespite the more pessimistic view of international cooperation of neorealists, neoliberals believe that cooperation can be a norm in international relations. Neoliberals see that cooperation is possible due to the interdependence of nations and the involvement of international institutions. Even though neoliberals have this outlook on cooperation, they still share the same core ideas of neorealists, but reject their conclusions. Neoliberals, similarly to neorealists, see the world in a state ofRead MoreRussian Annexation Of Donetsk And Luhansk Oblasts Due1674 Words   |  7 PagesThe Ukraine crisis has emerged from a domestic conflict and developed into an international issue because of the Russian federation intervention. The evolution of the Ukrainian crisis demonstrated the inability of the international community to handle it in a timely manner and prevent conflict escalation and ultimate stalemate. Although Ukrainian separatists seek to follow the Crimean strategy, many Western countries are strongly opposing to the Russian annexation of Donetsk and Luhansk oblasts dueRead MoreA Critique Of Capitalism And The Power Of The Bourgeoisie Class1744 Words   |  7 Pagesliberalist thinking in the development of international institutions, the process of globalisation has dramatically changed the way states behave, something that realists choose to ignore. They believe that this is due to struggles throughout history, which supports the idea of hegemony in that states that have been successful in both economic terms as well as within warfare are more able to shape social change and progress. Critical theory also emphasises the importance of emancipation, which links backRead More Increased Interdependence in the East Asian Community Essay example1059 Words   |  5 Pagespersonnel exchanges have all helped to increase regional cohesiveness, connectedness and interdependence. As the countries in East Asia have become increasingly interdependent, leaders in the region have become more determined to build a framework for greater regional cooperation and integration. Regionalism has become a process in which East Asian nations can competently handle globalization and increased interdependence. An East Asian Community would ideally seek the goals of preventing conflict andRead MoreInternational Organisations, Agreements And Governance1376 Words   |  6 Pagesneed for interaction in order to secure its best interests. In the context of international trade, supranational structures are necessary for all parties’ best interests. With globalisation proceeding at an ever increasing pace, the frequencies and magnitudes of economic interactions between actors of different states increases exponentially (Nye, 298). Growing complex interdependence creates a common interest for cooperation, in terms of pursuing a common framework of regulation and establishing a commonRead MoreNuclear Issue in the North Korea from the Eyes of Neorealism and Neoliberalism2071 Words   |  9 Pagesnuclear crisis (The withdrawal of the North Korea from the Nuclear Non-Proliferation Treaty in 2003) to the cooperation (Six Party Talks) and its failure is quite dramatic and worth exploring (Fang , 2009). This paper attempted to use two perspectives including neorealism and neoliberalism to look at the issue, and examine their explanatory power. Accordingly, this paper recognized the importance of the two perspectives in explaining the issue. On one hand, neorealism showed the restraints and balancingRead MoreLiberalism Approach of China Essay969 Words   |  4 Pagesregardless of its power. Therefore, fundamental values, beliefs, needs and importance will bring all the major powers to very little degree of varying interest that will eventually sustain the world’s peace and stability. In this paper, I will argue that the rising power of China may not be a threat (in terms of realism approach) to other states because of its role in today’s globalised era. Firstly, the growing economic interdependence of China with other major powers such as Japan, United States, SouthRead MoreThe Theory Of The International System1741 Words   |  7 Pagesto be one of the strongest proponents of these changes. The study of the international system is comprised of many differing theories. These theories hypothesize the origin of international structure, events, and how states interact. Specifically, the varying theories present in international relations disagree on the causes of war. Political Realism has been the most dominant paradigm in the past 70 years of International Relations (Class Notes, August 31). This paradigm stresses the anarchic structureRead MoreGeopolitical. Collective Goods Problem1749 Words   |  7 PagesWhat theory best solves the collective goods problem? Provide an example to support the argument. The issue of collective good has to be think in terms of international policies Collective goods are, in theory, goods or services which represent two characteristics. The first one, called non-rivalry, means that the consumption of the good by an actor does not prevent its consumption by another one. The second characteristic, the exclusion, means that nobody is excluded from the consumption ofRead MoreRealism And Liberalism : International Relations, And The Cold War Period939 Words   |  4 PagesRealism and liberalism are the two main theoretical perspectives in International Relations, and both theories provide well developed explanations of the dynamics of the international system on the world stage. A system is a group of units or parts united by some form of regular interaction, in which a change in one unit causes changes in the others. In the international system, the states and sub-state actors, the institutions, and norms regulate their interaction. This implies that these actors

Financial Analysis Home Depot Essay - 4398 Words

Financial Analysis of Home Depot For Fiscal Year Ending February 3, 2008 Presented by: Team FAB 5 Financial Analysis of Home Depot Introduction Founded in 1978 by Arthur Banks and Bernie Marcus, who were both fired from a local hardware store after a disagreement with their supervisor (http://founderbios.com/bernie-marcus.php), Home Depot opened its first store in Atlanta, Georgia on June 22, 1979 (www.corporate.homedepot.com). The founders had a vision to create a big-box retail chain that empowered customers to take on their own home improvement and repair projects. As the fourth largest retailer in the U.S. and the world’s largest home improvement retailer†¦show more content†¦That is a great accomplishment for any company but is significantly excellent for a billion dollar company, such as HD. One possible strategy that HD could implement to speed up collections, is to have customers pay for items $100 use a cash or debit card payment method. This would ensure that HD collects on those specific payments immediately, thus decreasing the average outstanding days waiting to receive payment. Unfortunately, this type of strategy could put HD at risk for lost sales due to the customers’ ability to make credit card purchases. On the other hand, HD could provide percentage discounts on outstanding merchandise payment as an incentive to decrease â€Å"account receivable† time. 3. Is the companys inventory turning over at a satisfactory rate? Why or why not? Does the company maintain an adequate level of inventory to meet customer demand? Might it be the case that the company maintains TOO HIGH a level of inventory? Why or why not? Cost of Sales (ending 2/3/2008): $51,352 Inventory (1/28/2007): $12,822 Inventory (2/3/2008) : $11,731 Average inventory(ending 2/3/2008): [pic] Inventory turnover ($51,352 / $12,277): 4.18 times Average days in inventory (365 / 4.18 times): 87.3 days It should be noted, that 80% of HD’s current assets is in merchandise inventory. As such, Home Depot is dependent on selling its inventory to meet its cash obligations. This is notShow MoreRelatedHome Depot Financial Analysis1848 Words   |  8 PagesHOME DEPOT INC. (Note: all $ amounts are stated in millions) PART 1 a) There are 3 years covered in the following primary comparative financial statements, namely fiscal years ended 1 February 2004, 2 February 2003 and 3 February 2002: †¢ Consolidated Statement of Earnings †¢ Statement of Stockholders Equity and Comprehensive Income †¢ Consolidated Statements of Cash Flows There are 2 years covered in the Consolidated Balance Sheet, namely fiscal years ended 1 February 2004 and 2Read MoreHome Depot Financial Analysis1759 Words   |  8 PagesOffice Depot, Inc. (â€Å"Office Depot†), a supplier of a broad assortment of office products and business services throughout the United States and worldwide, announced on February 20, 2013 a merger agreement with OfficeMax, Inc., which will better equip them to compete in the rapidly-changing industry. In fiscal year 2012 alone, Office Depot generated $10.7 billion of revenues from its products and services, yet industry reviews of this company seem unfavorable. In this FSA Case Analysis, our teamRead MoreHome Depot Financial Analysis1835 Words   |  8 PagesHOME DEPOT INC. (Note: all $ amounts are stated in millions) PART 1 a) There are 3 years covered in the following primary comparative financial statements, namely fiscal years ended 1 February 2004, 2 February 2003 and 3 February 2002: †¢ Consolidated Statement of Earnings †¢ Statement of Stockholders Equity and Comprehensive Income †¢ Consolidated Statements of Cash Flows There are 2 years covered in the Consolidated Balance Sheet, namely fiscal years ended 1 February 2004 and 2 February 2003Read MoreLowes vs. Home Depot Financial Comparison Analysis Essay example4332 Words   |  18 PagesHome Depot Lowe’s | Financial Comparison and Analysis | | INTRODUCTION Lowe’s (LOW) and Home Depot (HD) are competitors in the every growing market of Home Improvement. The following analysis of each company will examine the home improvement industry, the individual companies, their operating philosophies, their financial strengths or weaknesses, and a final conclusion on which company would be a better long-term investment. INDUSTRY OVERVIEW The growing trend of homeRead MoreHome Depot, Lowes, and Wolseley: Financial Analysis of the Major Building Equipment Retailers1907 Words   |  8 Pagesï » ¿Home Depot, Lowes and Wolseley are all major building equipment retailers, Wolseley having a more global presence as a UK-based firm that started in Australia. Home Depot is a North American operator and Lowes is generally in the US only. This paper is going to analyze the balance sheets of these different firms to determine how each has performed over the course of recent years. The first company that will be analyzed is Home Depot. Home Depots total assets increased to $40,518 million fromRead MoreRatio Analysis and Statement of Cash Flows1248 Words   |  5 PagesRatio Analysis and Statement of Cash Flows Financial ratios are just a convenient way to summarize large quantities of financial data and to compare firms performance (Brealey Myer Marcus, 2003, p. 450). Financial ratios are very useful tools in order to determine the health of a company, help managers to make decision, and help to compare companies that belong to the same industry in order to know about their performance. Home Depot and Lowes are two home improvement chains in the UnitedRead MoreManagement Science1641 Words   |  7 PagesPublishing, October 2002 1. What do the financial ratios in case Exhibit 7 tell you about the operating performance of Home Depot? What additional information do the different ratios provide? Complete and compare a similar analysis for Lowe’s. 2. How sensitive is return on capital to the forecast assumptions in case Exhibit 8? What independent changes in Carrie Galeotafiore’s estimates are required to drive the 2002 return-on-capital estimate below Home Depot’s cost-of-capital estimate of 12Read MoreValue Line Publishing Essay900 Words   |  4 PagesOctober 2002 In Case Number 12, Value Line Publishing, October 2002, Carrie Galeotafiore presents a five-year financial forecast that shows Home Depot in an positive light. It also prepares to do the same with an analysis of Lowes. She supports the changes proposed by the new Home Depot CEO and that would play a role in improving Home Depots financial health in the home center and building industry. Galeotafiore supports her by mentioning a number of sources that would help the growthRead MoreHome Depot vs. Lowe’s Analysis1177 Words   |  5 PagesHome Depot vs. Lowe’s Retail Home Improvement Financial Analysis Background Introduction The home improvement sector of the economy is large with two major players in the industry and with many smaller local and regional competitors. These two major competitors are Home Depot and Lowe’s. These two companies account for over $110 billion in total sales each year. Even though sales have gone down over the past few years due to the downturn in the economy they have not gone down nearlyRead MoreThe Home Depot s Position1437 Words   |  6 PagesFinancial statements are the primary way that public companies communicate its financial activities and position of the business to management, investors and other users of financial information. The Home Depot (NYSE symbol: HD) of the world giant home improvement retailer, has a complex business model that is characterized by its business philosophy, â€Å"stack it high, watch it fly† which reflected a primary focus on sales growth in consumers and construction professionals. At the same time, the company

Conflict critique Free Essays

A conflict is a disagreement between individuals or groups which when remain unresolved, may need the intervention of a mediator to prevent escalation of the dispute. Conflict transformation on the other hand is when an individual mindset, attitude, skills and capabilities changes so they can deal with conflict resolution Issues. Indispensable in the process Is the modeling of spiritual lessons as taught In the Bible. We will write a custom essay sample on Conflict critique or any similar topic only for you Order Now In our everyday lives we face some kind of conflict this Is because we are surrounded by different individuals with different personalities and believe when efferent Individuals come together these personalities clash. The problem of conflict happens especially in schools and this Is why a course Like conflict transformation Is Important especially for school children. The course of conflict transformation seeks to provide students with knowledge and understanding of the nature of conflict. The course gives students ways of how they should manage conflict and successfully deal with conflict In different circumstances. During this semester the course have thought me some valuable things such as: the nature and causes of conflict, we have articulated in different conflict situation, developed skills and attitude towards solving conflict. The different skills that I have learnt have brought transformation in my life. Before learning skills of which to deal with conflict my ways of handling conflict was unhealthy. Whenever I had an issue with someone I would blurt it out in front of a crowd instead of doing it in a peaceful and respectful way. I would not listen when persons try to come to an agreement but since I have been introduced to this course I have learnt how to handle my disputes in the right way. Great impact as been made in my personal life. Now I understand the nature of conflict and that emotions play an integral part in conflict. Usually I let my emotions take control of me during a conflict, but conflict transformation as thought me the skill of emotional intelligence. This is where you learn to control your emotions and do not let your emotions take control so to let you make wrong decisions without strong feelings. Anger is an emotion which when expressed, causes a person to acts out of character and sometimes loose self-control, resorting to verbally, emotionally, and sometimes hectically abusing another person or persons. Sometimes, anger may be expressed for self-defense and â€Å"righteous indignation. This is one emotion which I had problems with. When I was angry, my anger over powered my thoughts. Instead of letting an emotion like anger cloud my thoughts now, I control my feelings, express my emotions in a non-aggressive way. Another Impact the course had made In my personal life is that it reminded me of an Important thing, which I must learn and always do, listen. When you do not listen to Indiv iduals you tend to misinterpret what they had said. This causes conflict and also put a halt In solving some conflicts. Not listening caused me to be In many conflict In the past. I did not stop to listen and understand. I now listen to Individuals as to show them that I care, that I have respect for them In addition to showing them that I have Interest In the Issue at hand. Due to this course I am now a better person because my life has been transformed. It has made some significant impact on my life. To avoid conflict I 4)Attacking the person, not the problem 5)Establishing objectivity 6)Use of Sarcasm 7)Tone of voice. Instead of not caring and wasting time arguing I am now†¦ ) Being aware of the emotional atmosphere. 2) Being sensitive of what we say and how we say it. 3) Seeking to be a peacemaker. 4) Being willing to negotiate your position on an issue and show respect for the opinion of others. 5) Being compassionate. 6) Practicing fair play and objectivity. 7) Seeking to create a win-win situation in a conflict. I am glad I was able to do a course such as this because it has given me a new perceptive o how to deal with people. I now can make myself to be a healthy, kind hearted person in addition to helping others. How to cite Conflict critique, Papers

Business Of Social Environmental Innovationâ€Myassignmenthelp.Com

Question: Explain How A Retail Chain Store Maintains Its Sustainable Practices Determine The Existing Contribution Of Woolworth Company Towards Environment And Community? What Is The Key Responsibility Of Woolworth Company Towards Employee, Customer, Suppliers, And Shareholder? Answer: Introduction In the present scenario, globalization has resulted in creating better growth and development opportunities for businesses. Furthermore, globalization has also supported companies to carry out free trade practices and have more efficient access to the latest and upgraded technology. However, it can be critically argued that along with the growth and development of many small and large organizations, challenges linked with exploitation of natural resources, increasing pollution and global warming have also raised to a great extent(McCarthy 2014). These problems have emerged as a threat to entire environment, societies and the people living in the same. Nowadays, businesses are encouraged to carry out their operations and activities by adopting sustainable practices. In simpler terms, sustainable practices can be defined as those activities which result in economic development without depletion of the environment and natural resources(Methner, Hamann Nilsson 2015). The concept of sustainability emphasizes on the integration of three major elements which are environmental, socio-political and economic sustainability. Nowadays many brands such as PepsiCo, Starbucks, Tesco, and General Electric have adopted the concept of carrying out sustainable business practices. The present research outlines the sustainable business practices adopted by Woolworth Company Australia. Furthermore, the objectives, methodology, and limitations of the study are also highlighted in this report. Project Objective The primary objective of the present research to identify the way in which a retail chain store maintains its sustainable business practices. To carry out in-depth and efficient analysis of the topic under investigation, Woolworth Company has been taken into consideration. The present report has outlined the way in which Woolworth is carrying out its business practices without damaging the environment and society. Another objective of the present research paper is to identify the contribution made by Woolworth in the development of the community. Apart from this, assessing the key responsibilities of the company towards its stakeholders is also the objective of this paper. Project Scope The present research paper has helped in understanding the way in which sustainable business practices are carried out by Woolworth Company. Here, different sources of data collection are taken into consideration to gather accurate, reliable and valid information. This study has helped in understanding the overall contribution made by Woolworth Company towards the growth and development of community within which it is carrying out its operations and activities. On the other side of this, the study has also supported in getting aware of the fact that at present, Woolworth Company is accomplishing its responsibilities towards all its stakeholders in the best possible manner. For example, the business emphasizes on delivering quality products and services to all its customers at very convenient prices. In addition to this, Woolworth Company provides equal and adequate growth opportunities to all its employees. Literature Review It can be expressed that over the past few years, the concept of sustainability has gained high popularity among businesses and organizations(Lawley, Birch Craig 2016). Furthermore, these practices can provide companies with real benefits which are essential for long-term growth and development. For example, adopting sustainable business practices allows companies to enhance their overall brand image and gain a competitive advantage over the other players operating in the marketplace(Klovien? Speziale 2015). The rationale behind this is that adoption of sustainable practices helps in developing a strong sense of satisfaction among people in the market. Further, individuals start perceiving that the company cares about society and environment under which it is operating. It acts as a strong motivational factor and encourages people in the market to purchase product and services from one particular company. However, it can be critically argued that adapting sustainable practices is not an easy task for organizations as there are various issues and challenges which businesses face(Klettner, Clarke Boersma 2014). For instance, enterprises are required to carry out changes in their existing systems, operations, practices, and it is not an easy task to perform. Companies can attract investors and employees by carrying out sustainable practices in the long run. People are more interested in investing their money in organizations which take care of society, community and environment(Nursey-Bray, Harvey Smith 2016). A company respect towards workers, stakeholders, and environment can be considered as a substantial factor which motivates investors to invest their money. On the contrary, it can be argued that measuring and reporting sustainability practices is quite challenging and arduous(Hughes, McEwan Bek 2015). Further, this acts as an obstacle in front of organizations regarding adopting sustainable practices. Nowadays, leading brands of the world have taken the initiative in protecting the community and environment through their business practices. It can be expressed that brand like Coca-cola is carrying out its sustainable practices through water stewardship program(Rajabian Tabesh, Batt Butler 2016). The company has been able to enhance its overall efficiency of water usage by 20%. On the other side of this, brand like General Electric is encouraging more and more engagement of employees through its sustainable practices(Hadjimichael Hegland 2016). A company like PepsiCo carries out sustainable business practices through encouraging stakeholder management. Here, meetings with the stakeholders are conducted by PepsiCo at regular intervals and discussions regarding climate change, public health issues and scarcity of resources are carried out. The concept of sustainable practices is also getting popular in countries such as Australia and many companies operating in the country have adopted these practices. Australian organizations such as Westpac Banking Corporation, Stockland, Insurance Australia Group, Woolworths Company, etc. have become very popular in the world because of their sustainable practices (Pro Bono Australia 2011). Woolworths Company has developed a sustainability plan, and the brand emphasizes on accomplishing its sustainability goals by the end of the year 2020. Woolworths Company has established twenty primary goals which are linked with corporate social responsibility and sustainability(Flax, Bick Abratt 2016). The vision of Woolworths Company is to make Australia healthy through its products and services. One of the primary goals of the organization is to ensure zero percent waste going into landfill. Apart from this, the company has introduced its packing brand to ensure effective recyclability of its packing material(Woolwoths Group 2017). Woolworths Company is also creating awareness among industry and people in the market to carry out more sustainable sourcing of products. At the same time, the retail chain is focusing on reducing its carbon emissions with a purpose to deal with the challenges linked to climate change. In the modern era, landfill form food waste has resulted in negatively damaging the entire environment(Shauki 2016). Furthermore, the government, stakeholders and regulatory authorities now encourage businesses to reduce their landfill and protect the environment in every possible manner(Dos Santos, Svensson Padin 2013). Woolworths Company has taken a step further in this program, and the brand is reducing its overall landfill through various strategies and practices. For example, the retail chain emphasizes on carrying out the reduction in its stock loss and enhancing its waste management practices. Woolworths Company has also developed a partnership with the local community, and now it is contributing a lot to regional support, food rescue and farmers. In today's cooperate scenario, attaining higher profits and increasing customer base cannot be considered as the core objectives of businesses(Bepari et al. 2016). Every company has certain roles and responsibilities towards society, and these responsibilities should be accomplished in the best possible manner. The concept of corporate social responsibility (CSR) emphasize on the fact that every organization has some responsibility towards society, environment, and these responsibilities should not be neglected in any case. At present, CSR activity of Woolworths Company focuses on different areas to ensure the protection of environment, society, and stakeholders(Devin Richards 2016). For example, the company now emphasize on encouraging more diversity within its staff members. At the same time, the retail chain ensures that no form of discrimination is carried out by all employees. Woolworths Company does not encourage any pay gap between male and female employee working at same level (Woolworths Group 2017). On the other hand, the corporate social responsibility program of Woolworths also focuses on the areas such as developing long-term relations with all suppliers and carrying out more sustainable practices(Zutshi et al. 2016). Nowadays, the organization is looking forward to carrying out responsible souring of all raw material and products. Here, the company is looking forward to earning respect and trusts of all its customers (Woolworthsgroup 2017). The responsible sourcing practices of Woolworths focus on areas such as animal welfare along with sustainable sourcing of fish, seafood, and forestry products. These practices have supported the retail chain to develop a strong sense of satisfaction among all its internal and external stakeholders(Arli et al. 2013). The major focus of Woolworths CSR program is to develop positive relationships with all its suppliers and development of community under which it is operating. The company has been able to achieve leading customer satisfaction score in the entire industry because of its sustainable practices and corporate social responsibilities. It can be expressed that the company has also developed and launched The Good Business Journey Program in the year 2007. In this particular program, the business emphasized on four major areas which were climate change, social development, transformation, and environment(Akbar Ahsan 2014). The company established more than 200 targets linked with sustainability for the period of 2007 to 2013, and it is been able to accomplish the majority of these objectives. However, it can be critically argued that achieving those goals was not an easy task for Woolworths and the retail chain was required to place a lot of efforts and resources. For example, the organization encourages its investors, employees, NGOs and suppliers to become part of the five-year program. At the same time, an audit of suppliers was carried out on a frequent basis to ensure that the practices which they are carrying out are sustainable. In addition to this, a fair and transparent process of communication was used to render information to all stakeholders. Over the past one decade, the brand has been able to sell products which create little or almost zero harm to the environment and the local community(AO Dos Santos, Svensson Padin 2014). The practices and business operations of Woolworths are also focused on dealing with the issues and challenges faced by society. The supermarket retail chain has developed targets to reduce its carbon footprints, improving its energy efficiencies and it can be stated that it will able to achieve the same with efforts and corporation of all stakeholders. The major limitation of the earlier literature is that it focuses only on the companys point of view towards sustainable practices. The reviews and work of other researchers and studies were not taken into consideration to identify the way in which a retail chain store maintains its sustainable business practices. The previous emphasize only on the information presented in within the official website of Woolworths. Thus, it can be stated that there is an apparent gap in the literature about the sustainable practices adopted by Woolworths. Research design and methodology The research design is defined as the action plan or strategy which is employed by research to accomplish objectives and aim of a particular study. The use of appropriate research design assists a researcher in arranging various components of research in a logical and coherent manner. To identify how a retail chain carries out its sustainable practices, the exploratory design of research is selected by the researcher(Coleman 2013). The benefit of using exploratory research design is that it has supported in developing insight into the topic chosen for investigation. In the existing research paper, the use of exploratory research design has helped in identifying the different strategies and action plan adopted by Woolworth Company to carry out its corporate social responsibilities. The problem associated with present research has been identified more efficiently through the use of exploratory research design. The process of qualitative research begins with the development of general research questions linked to the study. In the second stage, different kinds of literature and secondary sources are selected in qualitative research. The third stage begins with the development of the conceptual framework and then the process of data collection is carried out(McNely, Spinuzzi Teston 2015). The analysis and interpretation of information collected are done through methods such as thematic analysis. After this, the final stage of writing findings or conclusion is carried out. The validity and reliability of research are ensured by selected authentic and reliable sources of data collection. Furthermore, nonprobabilistic sampling methods such as snowball sampling quota sampling and convenience sampling are used in qualitative research. Quantitative research can be termed as the form of research wherein numeric data or numbers are taken into consideration while collecting information about a particular topic. The primary objective of quantitative research is to test different theories and obtain valid outcomes. The process of quantitative research begins with the formulation of theory linked with the topic. Furthermore, a hypothesis is developed in the second stage of quantitative studies(Zhang 2013). After this, the researcher selects the most suitable research design, and then different independent and dependent variables of the study are identified. After this stage, sampling method and the sample size is selected, and then data is collected. Further, different types of tools such as SPSS are used to analyse and interpret the information gathered. At last, the conclusion is drawn by data analysed. In quantitative research, probabilistic sampling method such as stratified sampling, simple random sampling, cluster sampling and systematic sampling is taken into consideration. Research Limitations To carry out the present study, a limited amount of resources and time was available to the researcher, and this can be considered as the primary limitation of the present study. Furthermore, the data collected in the current research paper was also limited to secondary sources. Here, primary sources of data collection are not used, and this has affected the results of paper to a great extent. Activity Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Week 8 Writing Research Proposal Reading various literature Finalizing the aims and objectives Draft literature review Collect secondary data Analyze secondary data Develop research approach Draft research methodology Draft Findings Analyze data Writing down findings and conclusion Conclusion From the above-conducted research paper, it can be inferred that sustainable business practices have become essential for long-term growth and success of the organization. Furthermore, Woolworth Company has adopted different strategies and tools to carry out sustainable practices. At present, the brand has developed different sustainable objectives which it aims to accomplish by the end of the year 2020. The business has been able to accomplish its corporate social responsibilities in the best possible manner. For example, equal pay for employees is offered, and no form of discrimination is encouraged at the workplace. On the other side of this, Woolworth Company is also focusing on areas such as sustainable sourcing to reduce the negative impact of its business practices on the environment. Reference list Akbar, S Ahsan, K 2014, 'Analysis of corporate social disclosure practices of Australian retail firms.', International Journal of Managerial and Financial Accounting, pp. 375-396. AO Dos Santos, M, Svensson, G Padin, C 2014, 'A fivefold bottom line approach of implementing and reporting corporate efforts in sustainable business practices. Management of Environmental Quality:', An International Journal , pp. 421-430. Arli, V, Dylke, S, Burgess, R, Campus, R Soldo, E 2013, ' Woolworths Australia and Walmart US: Best practices in supply chain collaboration. ', Journal of Economics, Business Accountancy Ventura, p. 16. Bepari, MK, Bepari, MK, Mollik, AT Mollik, AT 2016, 'Stakeholders interest in sustainability assurance process: An examination of assurance statements reported by Australian companies. ', Managerial Auditing Journal, pp. 655-687. Coleman, R 2013, Deleuze and research methodologies., Edinburgh University Press, Edinburgh. Devin, B Richards, C 2016, 'Food waste, power, and corporate social responsibility in the Australian food supply chain. ', Journal of Business Ethics, pp. 1-12. Dos Santos, MA, Svensson, G Padin, C 2013, ' Indicators of sustainable business practices: Woolworths in South Africa. Supply Chain Management: ', An International Journal, pp. 104-108. Flax, J, Bick, G Abratt, R 2016, 'The perceptions of supplier-buyer relations and its affect on the corporate brand', Journal of Brand Management, pp. 22-37. Hadjimichael, M Hegland, TJ 2016, 'Really sustainable? Inherent risks of eco-labeling in fisheries.', Fisheries Research, pp. 129-135. Hughes, A, McEwan, C Bek, D 2015, 'Mobilizing the ethical consumer in South Africa. ', Geoforum , pp. 148-157. 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