Australian Taxation Authority

Question: Examine about the assessable pay of a person. Answer: Section A Presentation Assessable pay of an individual is the pay of that individual that is exposed to personal duty by the Australian Taxation Authority (ATO) gave such pay surpasses the tax-exempt edge limit specified by the ATO[1]. There are different wellsprings of assessable pay that are considered by the ATO while showing up at the duty obligation of a person. In the given case situation, David is a clinical expert who needs to stop his training because of his disease. The salary from rehearsing is viewed as close to home help pay of an individual. Along these lines, reasonings are accessible to a person that are set off against assessable salary of an individual[2]. David has different wellsprings of pay, for example, pay from speculation, profit and salary from lease. The essential goal of this paper is to assess and confirm that whether conclusions can be guaranteed for obligatory costs that are required to be brought about by David during his time of disease against his assessable income[3]. Expand of the previously mentioned focuses. The presentation ought to be 10% of the all out word tally distributed. Body (Do exclude this heading while at the same time composing the last piece) Talk about of the accompanying focuses: Assessable pay of clinical professionals Reasonings accessible and their sorts Investigation of the case concerning the arrangements of the law specified in the ITAA 1997. This segment will remember the assessment of the creator for light of the administrative arrangements and rules specified by the ATO. End A concise synopsis of the focuses examined previously. It ought to likewise be 10% of the word tally. Part B To David Sub: Advise on your assessable pay and derivations that can be profited Ref: It can be a letter dated **/**/**** Dear David, Examine the accompanying: Significant issues identified with the case Authoritative arrangements relevant Prompt on the issue and a nitty gritty conversation of whether findings can be asserted Expressing gratitude toward you. Yours earnestly, ABC Solicitors References Annual TAX ASSESSMENT ACT 1997(2016) Austlii.edu.au Section 10 - Tax Planning For Doctors - Mcmasters' Accountants(2016) Mcmasters.com.au What To Include In Your Assessable Income | Australian Taxation Office(2016) Ato.gov.au [1] What To Include In Your Assessable Income | Australian Taxation Office (2016) Ato.gov.au [2] INCOME TAX ASSESSMENT ACT 1997 (2016) Austlii.edu.au [3] Part 10 - Tax Planning For Doctors - Mcmasters' Accountants (2016) Mcmasters.com.au.

The Great Gatsby :: essays research papers

Book Review      The Great Gatsby by F. Scott Fitzgerald is set in the 1920’s during the Jazz Age. Scratch Carraway is a man in his late twenties living on West Egg island in Long Island, New York carrying on with a â€Å"normal† life. That is, until he meets his strange neighbor, a rich man named Jay Gatsby. He is a man of puzzle, living in a house that is continually brimming with individuals, music, what's, better time. Nick’s â€Å"normal† life gets tossed upside down when he gets included in the life of this unprecedented tycoon. Defaced by envy, cheating, furthermore, lying, Nick starts to feel the substance of carrying on with a captivating life in the ‘20’s. He indicated this when he stated, â€Å"Everyone associates himself with in any event one of the cardinal excellencies, and this is mine: I am one of only a handful scarcely any legit individuals that I have ever known.†      All along, I felt frustrated about Nick being hauled into to an ever increasing extent disaster, yet I particularly felt awful for him during one case. His companion Daisy was hitched to Tom, however Tom was having an unsanctioned romance with Mrs. Wilson furthermore, Daisy felt weak at the knees over Gatsby. Daisy and Gatsby were driving home from town after a contention among the gathering of companions when they passed the Wilson’s service station. Mrs. Wilson headed out to Gatsby’s vehicle, since they were driving Tom’s vehicle, and was hit. Mr. Wilson went decidedly insane, and Nick felt torn by his blended sentiments towards his alleged companion Gatsby. â€Å"I disdained him such a great amount at this point I didn’t think that its important to let him know he was wrong.† Gatsby’s cold-heartedness welcomed on by his way of life made Nick loathe him. This is where I think Nick truly began opening his eyes to how Gatsby truly was.      This book truly shows how the life of a notable individual is, particularly in that timespan. From the start, Nick is awed and attracted by the charm and notoriety, however he in the long run makes sense of for himself how improvise truly was. In spite of the fact that this book was interfered with in the ‘20’s, the exercises you gain from it despite everything apply to society and life when all is said in done today. Anybody could peruse this book and draw a couple of exercises about existence from it. Outline      The Great Gatsby was set in the 1920’s. It’s about the lives of a gathering of individuals who all become entrapped in a snare of, lying, embarrassment, and bamboozling together. Scratch Carraway carries on with a â€Å"normal† life on Long Island, until he meets his neighbor, Jay Gatsby. Gatherings went on consistently, and Nick

How to Avoid Using a Payday Loan to Pay Rent - OppLoans

How to Avoid Using a Payday Loan to Pay Rent - OppLoans How to Avoid Using a Payday Loan to Pay Rent How to Avoid Using a Payday Loan to Pay RentInside Subprime: Dec 19, 2018By Lindsay FrankelIf you’re struggling to cover the cost of rent, you’re not alone. While it’s generally suggested that renters spend no more than a third of their income on rent, Americans spend more than that on average. In fact, rent costs eat up 45 percent of Millennials’ income, and figures are even more alarming in cities with high housing costs.If you’re late on rent, most landlords will charge a percentage of your rent as a late fee after an initial grace period. Five percent is typical, and some states place limits on what landlords can charge. To avoid this charge, cash-strapped renters may be tempted to take out a payday loan. Renters are more likely to use payday loans than homeowners. But these risky loans have annual interest rates in the triple digits, which can lead borrowers into an insurmountable cycle of debt. If you’re facing a late charge, or even eviction, there are better alter natives available.Ask for helpIf you’ve fallen on hard times financially, try talking to your landlord before rent is due. If you’ve paid your rent on time in the past, your landlord might be understanding of your situation. You can also ask family or friends for financial assistance. Or, if you have space in your residence, consider sharing the cost of rent with a roommate.Apply for a grantMany national charities and local nonprofit organizations have programs that provide emergency rent assistance to renters in need. These grants do not need to be paid back, so you can put your future income towards next month’s rent rather than spending money on payday loan fees. Try contacting the following organizations:The Salvation Army Apply in person at your local chapter and show proof of your financial hardship to find out if you are eligible for one-time assistance.Catholic Charities Contact Catholic Charities to speak to a case worker who can help you obtain emergency rent assis tance.Modest Needs Anyone who holds a job can apply for a grant from Modest Needs, which is funded by private donors. You can request a grant online.Society of St. Vincent DePaul Visit your local branch to apply for assistance.United Way Dial 211 or visit 211.org to be directed to local charities that can help with rent assistance.Apply for government assistanceYour state’s Local Housing Authority and Social Services offices can direct you to programs offering short-term assistance, for which you’ll need to prove financial need. But if you’re struggling to pay rent on a monthly basis, you should try to secure long term assistance, such as the Section 8 Housing Voucher Program. If your income is lower than average for your location, you may be eligible to receive monthly assistance through this program, which will cover the majority of your housing costs. You can also get on the waitlist for subsidized housing in your area, which will significantly reduce your housing costs. Take out a lower-cost loanIf the previous options fail and you need to borrow money in order to make ends meet, seek alternatives before turning to payday loans. Credit cards have much lower interest rates than payday loans, as do personal loans and payday alternative loans from banks or credit unions. If you have bad credit or lack established credit history, consider a no credit check installment loan. With longer terms and lower interest rates, these loans are easier to pay back and help build credit, which will set you on the right path towards a healthy financial future.For more information on  payday loans, scams, and  cash advances  and  title loans,  check out our  state financial guides  including  California,  Illinois,  Texas,  Florida  and more.Visit  OppLoans  on  YouTube  |  Facebook  |  Twitter  |  LinkedIn

Functional Business Systems and Important Applications - Free Essay Example

Sample details Pages: 4 Words: 1146 Downloads: 9 Date added: 2017/06/26 Category Business Essay Type Analytical essay Did you like this example? Functional Business Systems The advancements in technology and the internet have significantly enhanced the manner by which corporations do businesses nowadays. In this regard, most of the corporations have adopted measures to incorporate the same into their operations. As such, the term e-business has been introduced (Rainier Ciegelski, 2012). Generally, e-business pertains to the term often used in order to describe the use of the internet, networks and other pertinent technologies to support e-commerce, enterprise communication, collaboration and business processes that are web-enabled. This paper generally discusses the most common business applications that are incorporated into the e-business system (Rainier Ciegelski, 2012). The chapter generally identifies three important business applications, to wit: (1) enterprise application integration, (2) transaction processing systems and finally, (3) enterprise collaboration systems. The aforementioned app lications have numerous advantages and disadvantages to the business process. One of the most significant and obvious advantages of the aforementioned business applications pertains to the fact that it enhances the business processes (Rainier Ciegelski, 2012). In fact, these applications serve as a foundation to improve business processes such as the customer relationship management, enterprise resource planning and supply chain management. For instance, the enterprise application integration is considered of paramount importance to the business in view of the fact that it enables the company to share pertinent information throughout the entire structure in order to effectively improve the efficiency and the effectiveness of the business processes (Rainier Ciegelski, 2012). Furthermore, it has also been pointed out that the said application is also crucial to provide essential support to business processes that are necessary to the operations of business. Aside from enterprise application integration, another important application pertains to transaction processing system. Basically, transaction processing systems play an important role in businesses that are web-enabled. This is advantageous to the businesses in view of the fact that the fact that they provide superior service to the customers and the other trading partners. Finally, enterprise collaboration systems are also beneficial to the corporations in such a way that it enables them to work more easily and effectively, enabling the people to communicate, coordinate and collaborate (Rainier Ciegelski, 2012). Notwithstanding the numerous benefits associated with the implementation of information systems in the different organizations, it is undeniable that the same is likewise accompanied by various ethical dilemmas. Undeniably, computer technologies have significantly changed the manner by which pertinent data are gathered, stored, manipulated and communicated. More significantly, it has als o been mentioned that in this information age, most economic activities are based on advancements in technology. As a result, ethical and juridical issues surface with respect to the right of privacy as well as those in relation to the protection of intellectual property. There is no question that information systems are crucial to global businesses today in view of the numerous advantages related to the same. Without a doubt, global businesses benefit extensively from the adoption of information systems as it enhances the efficiency of the same, ensuring the high quality performance of the same which in turn results in the eventual success of the firm. Aside from this, information systems also aid businesses today as they operate in a global level. As previously mentioned, there are numerous costs that are associated with operating on a global level which could threaten their stability. Nevertheless, such information systems help in terms of bringing down the said costs. Unfortu nately, the use of information systems and other technological advancements could result in numerous disadvantages pertaining to the privacy of the employees and other substantial issues as regards the same. However, given the numerous advantages that global businesses can reap from the adoption of information systems, the former are advised to come up with various ways by which such problems can be addressed to maximize the benefits of the same (Rainier Ciegelski, 2012). Unfortunately, the said applications can also be disadvantageous to the corporations. Parenthetically, the disadvantages lie on the fact that the same results in added expenses for the corporations that adopt the same (Rainier Ciegelski, 2012). Aside from this, it has also been pointed out that the same also results in numerous problems for the corporations, exposing them to risks and problems that could threaten their businesses and relationships with their respective customers. In addition thereto, there are also numerous issues that the company may face as regards the incorporation of such e-business applications into their operations. Apparently, not all employees or members of the organization are ready for the incorporation of such into the system. In this sense, there is a need to plan for the proper implementation of e-business applications. Furthermore, the importance of planning is also attributed to the fact that it would enable the corporations to maximize the benefits of using e-business applications whilst reducing the risks associated therewith (Rainier Ciegelski, 2012). The importance of planning to businesses in modern times is undeniable. In its simplest sense, planning pertains to the decision that managers undertake in determining what they must do in advance, how to do the same, when to do it and finally, the role that people within the organization must play in order to achieve the same. Thus, planning commonly begins with the identification of the objectives of a certain company (Rainier Ciegelski, 2012). Parenthetically, their failure of the organization to identify such objectives would result in their ability to commence with the process of planning. It is therefore in this regard that planning is considered as the main function of the management. Thus, all the other functions of the management such as the organization, staffing, direction and controlling of the organization. As mentioned, planning is the primary and the most important function of the people that are responsible with the management of the organization. In this regard, planning is considered essential in all aspects of the organization as the absence thereof would render the latter meaningless. Researchers also consider the following as the main purposes of planning: (1) planning provides direction, (2) planning reduces uncertainty, (3) planning minimizes waste and redundancy and lastly, (4) planning helps in setting the standards used for the effective control of t he organization. However, while planning is considered as an important aspect of the organization, the same is commonly criticized in view of its tendency to impose limitations upon the proper functioning of the organization. According to various researchers, it is through the proper understanding of such limitations that the managers could ensure that the effectiveness of the plans that they have formulated (Rainier Ciegelski, 2012). The importance of planning is also associated with the fact that the failure to achieve the same would result in the eventual downfall of the incorporation of e-business applications into the operations of a particular company. Clearly, such failure would be detrimental to the business as it could effectively ruin the same. Reference Rainier, R. Ciegelski, C. (2012). Introduction to information systems: enabling and transforming business. UK: John Wiley and Sons. Don’t waste time! 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Legal Drinking Age - 853 Words

Although the debate began many years ago, it still continues to this day. Should the legal drinking age be lowered, or should it not be lowered? The argument has always been massive, with both sides spitting out rebuttals left and right. Despite the fact that both sides showcase decent evidence, only one brings hard-hitting facts that truly make a difference: the legal drinking age should not be lowered because it helps prevents youths from driving drunk, it helps prevent youths from committing violent crimes, and it helps prevent incomplete develop of the brain. Even though drunk driving may not be one of the highest leading causes of death, it is still an enormous issue. As we all know, an inebriated person behind the wheel is extremely†¦show more content†¦Not only will lowering the drinking age increase the amount of drunk driving, but will more than likely increase the rate of accidents caused by drinking and driving. Some minors may even be intimidated by the law, and removing would take away the barrier and show them that it is okay for them to drink at the age of eighteen or nineteen. With this influence in place, the level of drunk driving would decrease, especially in the youth, who are mostly affected by the law, and along with the rate of drinking and driving, the rate of car accidents caused by drunk driving would (presumably) decrease, resulting in the more young lives saved. Along with the prevention of drunk driving, by not lowering the legal age to consume alcohol violent crimes can be prevented. Violent crimes that can help be prevented by this include date rape, abuse, and homicide. Although these do not always occur with the offenders under the influence, but significant amounts of occurrences are the result of alcohol. For example, in a study, it was shown that over fifty percent of male and female students who have committed date rape, or have been raped, were under the influence of alcoholic substances (or drugs). Not only that, but a little less than fifty percent of attackers who commit assault were inebriated, and over seventy-five percent of people who commit homicide had been drinking alcohol. Think about that. If the drinking age were to be lowered to eighteen,Show MoreRelatedIncrease in the Legal Drinking Age870 Words   |  3 PagesAnother reason why the legal drinking age was changed is because of the fact that the adolescent brain is not fully developed; it is supposed that â€Å"excessive alcohol intake causes brain damage† in teens. However, in order for damage to occur, the drinking has to be extremely excessive. If there are only a few of these extreme bingeing â€Å"episodes,† they do no harm to the adolescent brain (Minimum Drinking Age). David J. Hanson, a professor at the University of New York at Potsdam, states, â€Å"There’sRead MoreLowering The Legal Drinking Age857 Words   |  4 PagesAs we know, the United States has the highest drinking age in the world. By 1988 the entire U.S had adopted the Federal Uniform Drinking Age Act, which set the drinking age to twenty-one. However, in 1920 the United States banned the sale, production, importation, and transportation of alcohol. This era known as the Prohibition sparked the popularity of hidden underground bars and events. The Prohibition Era is a prime example of how people did anything to intake alcohol and eventually this ledRead MoreBinge Drinking And The Minimum Legal Drinking Age3264 Words   |  14 PagesKarzhova Marina Erin Beaver English Composition II 5 November 2014 Binge Drinking and the Minimum Legal Drinking Age In the year 1984, President Ronald Reagan enacted a law that increased the minimum drinking Age all U.S states to 21 years. As a result, it is believed that the mortality rates due to road accidents reduced from 5,000 in the 80’s to 2, 000 in 2005 (Dean-Mooney). However, the issue of binge drinking remains unsolved with learning institutions having to deal with it every semester. InRead MoreLegal Drinking Age : Should It Be Altered?1408 Words   |  6 Pages Legal Drinking Age: Should It Be Altered? The legal drinking age has been an ongoing controversy for decades, consisting of people who are for lowering, raising, or keeping the age with multiple reasons behind each side. It is commonly known that consuming alcohol can have life-threatening effects on the human body, but these effects can be much harsher at a younger age. Reducing the age for eighteen year olds may result in senseless acts from the drug. Statistics prove that maintainingRead MoreThe Legal Drinking Age Should Be Lowered955 Words   |  4 PagesIn the United States of America, the National Government requires the states to enforce a legal drinking age of twenty-one. Where as the world average drinking age is eighteen, and in some Countries it is even lower where it is possible to get a beer at sixteen years of age. Taking that into consideration, there is a great deal of controversy in the United States on what the legal age should be to purchase and consume an alcoholic beverage. The largest issue being that you are considered to be anRead More Lowering the Legal Minimum Drinking Age Essay1622 Words   |  7 Pagesunderage drinking has become a major problem, especially on college campuses. But, underage drinking is not purely the root of all accidents related to alcohol. The real problem lies within the unsafe underage drinking habits amongst youth. There are ways that these alcohol-related accidents can be avoided. Several organizations have been created that are targeting a change in the legal drinking age laws. One key way to lower the risk of unsafe drinking is to lower the minimum legal drinking age fromRead MoreShould the Legal Drinking Age Be Lowered to Eighteen?1192 Words   |  5 PagesShould the legal alcohol drinking age be lowered to eighteen? At the age of eighteen years old, you are eligible to vote, you can legally purchase cigarettes, you are eligible for the military draft, you are willing to die for this country, you are even able to serve on a jury, and you are titled as an adult at the age of eighteen. Why can’t someone at the age of eighteen not drink alcohol? Who is to say that just because someone is twenty-one years of age means that they are wise enough to drinkRead MoreLowering the Legal Drinking Age to 18 Essay748 Words   |  3 PagesLowering the Legal Drinking Age to 18 Sarah, an eighteen-year-old college freshman, walks into a convenience store and moves timidly to the back, hoping that no one she knows will see her. Opening the refrigerator door, she pulls out a chilled case of Coors Light. Sarah nervously approaches the cashier, with her fake ID ready to be shown, and places the case of beer on the counter. Upon first sight, the cashier assumes that Sarah is not of legal age to buy beer, because she is petite and looksRead MoreMinimum Legal Drinking Age Should Be Lowered733 Words   |  3 PagesMinimum Legal Drinking Age Should be Lowered â€Å"Adults under 21 are deemed capable of voting, signing contracts, serving on juries and enlisting in the military, but are told they are not mature enough to have a beer.† (Amethyst Initiative: Rethink the Drinking Age). The causes behind the minimum legal drinking age standardization nationally has not been alleviated in the past couple decades and should be repealed. The minimum legal drinking age should be lowered to the age of eighteen whichRead MoreThe Legal Drinking Age Should Be Legal Essay1215 Words   |  5 Pagesâ€Å"people†. The legal drinking age presently is twenty-one in the United States Of America. I can guarantee you that the underage drinking age rate would drop if the age were brought down. One of the reasons behind drinking is enjoyment but the primary purpose behind underage drinking is â€Å"breaking the law†. The law says an eighteen – year old is mature enough to make his/her life decisions, yet not ready to drink liquor. In the United States there are different rules for various ages, however when

Management Theory a nd Practice Technology

Question: Discuss about the Management Theory a nd Practice Technology. Answer: Introduction It is the fact that in this century the need for the strategic management and its analysis is playing a vital role to each and every organization in the entire world. It helps the business organisations to be a successful corporation and avoid the problems corporate world. The process of strategic management, the companies have to understand the strategic analysis of the competitors, effective decision making, actions, visions, missions, goals and objectives. It guides the company to understand the strategic management of the competitors that will help in future to frame the policies and strategies (Eisenhardt, Graebner, 2007). They can also compare the strategic management of their own company with the competitor business organizations. The motive of this essay is to analyze the relevance of strategic management is to evaluate the internal and external environment of the company and also about the competitors. It provides a brief knowledge about the same according to which the company can frame the policies. In this essay, the company on which the discussions will take place on one of the leading company of sports material. It is very important for companies like Woolsworth to analyze the strategic management of their company as it will provide benefits for the same. The strategic management includes various types of analysis like market, consumer, stakeholder, competitors, etc. the essay comprises detail version of the strategic theories that will help the company to solve the issues related to the same. The applicability of these theories like resource based, knowledge based, etc. impact the managerial practice of the Woolsworth Company that will be discussed in this study (Nerur, Rasheed, Natarajan, 2008). At la st a conclusion and relevant recommendations will be provided for the company that will help in better strategic management. The company Woolsworth was facing few issues related to the strategic management of the company which can be resolved by using effective strategic management in the company. The strategic management is a process or a framework that helps in promoting systematic approaches of the strategies and its formulation. The purpose of strategic management in Woolsworth is to identify the mission, its purpose of the company so that desired goals can be achieved and issues can be solved (Hitt, Ireland, Hoskisson, 2012). Resource based theory The resource based theory says that many organisations have lost many of their resources and abilities like human tangible and intangible assets, physical assets, etc. according to resource based theory, the company Woolworth must have capability to change the resource of the company into the advantages like strategic advantage. It helps the company to perform its functions properly (Bascle, 2008). The strategic mansgment and resource based theory helps in optimal utilization so that the maximum output can be achieved at the lowest of the input. The knowledge based theory is an extension of resource based theory. It helps the companies to manage the functions related to the strategic management. According to this theory, there is some particular knowledge of each firm according to which the policy and strategies have to be formulated. The knowledge is related to the basic resource so the company, capabilities, etc. The basic resources help the company to have competitive advantages (Freeman, 2010). According to this theory, the companies required connections to run their business operations. The connections can be of different types like customers, suppliers, competitors, and many other relevant institutions. There are some particular connectivity between the different elements provides that provides frameworks to the company so that they can perform the functions (Aguinis, Boyd, Pierce, Short, 2011). These diversifications in the connections of the company show the strength of the same. The strategic management of the Woolworths Company The strategic management of any company initiates with the evaluation d analysis of the environment of the business organization like Woolworths. The aim of the organization depicts that to provide best quality to their customers so that they can remain satisfied. The objective of the company is to provide great shopping experience to its customers by providing high quality services (Nag, Hambrick, Chen, 2007). In order to achieve the same, the company is required to evaluate the resource, environment, capabilities, etc. and then they have to fame the strategies and policies accordingly. The first theory that is applied to the strategic management of Woolworths is resource based theory that helps to analyze the capability of the company. It has been analyzed that the company has an effective supply chain of resources. It is evaluated by the supply chain management and the distribution network, and logistical management of Woolworths. The company use direct channels to distribute their products using distribution channels at many national and international sites. these distribution sites are certified and they check the quality of the products, mark them certified as well and then the products are directly send to the stores of Woolworths (Booker, Bontis, Serenko, 2008). It is one of the simple ways of distribution adopted by Woolworths that helps the company is to reduce the cost of distribution and operating cost by $ 2.5 million (Schot, Geels, 2008). There are lots of benefits that a company can enjoy by applying effective theories of strategic management. It is also observed that this company owns their own trucks and the distribution centers. Thus the company is enjoying effective distribution management for their products. The company also does not face any workers strike as they work in harmony as there is a good control over the workforce. There is an effective combination of the assets that is tangible and intangible assets that provides company all the required resource like supplier relation, technology, supply chain management, etc. all these elements helps the company to compete with the competitors present in the industry and market as it is one of the cost saving approach used by the company (Verhoef et al. 2009). The company is also enjoying high reputation and the management of the company is also good. The brand position of the company has been built by putting lots of efforts by the top level of the management and by providing good and fresh products to the customers (Creswell, 2013). It has also become possible because of the effective distribution management of Woolworths. The company always tries to cater a large group of customers by effective delivery and distribution system and good quality of products. The marketing team of Woolworths itself is very strong and they are eligible to attract a large group of customers with the slogan fresh food people. These are some of the policies of company that help them create the brand image as fresh and good quality brand and positioned themselves in the minds of the customers who sell the freshest food in the country (Getz, Page, 2016). These benefits that Woolworths can enjoy cannot be achieved by any other source of marketing and advertisement. The brand has become a leading brand in super markets of Australia. This happens because the brand loyalty of the brand creates a base in the minds of the customers and keeps them loyal for the same. These all strategies and policies are framed y the top level of management as they are responsible for each and every operation of the company (Edmondson, McManus, 2007). So, it has become every important that the top level management of the company must be intelligent and good decision maker. There are times when there is recession and downturn in the economic conditions in the countrys economy (Creswell, 2012).In such situations also, the company Woolworths is able to stand in the markets with confidence as the top level management is strong. The strategic management includes various types of analysis like market, consumer, stakeholder, competitors, etc. the essay comprises detail version of the strategic theories that will help the company to solve the issues related to the same. The applicability of these theories like resource based, network based, knowledge based, etc. Impact the managerial practice of the Woolsworth Company that has been discussed above (Markard, Raven, Truffer, 2012). At last a conclusion and relevant recommendations will be provided for the company that will help in better strategic management. The other strategic management concept is strategic management concept of the company. The value chain analysis of Woolworths helps the company to determine the other activities like value added services of the company. It also identifies the other activities that do not add any value to the company and ultimately the company eliminates such activities. This evaluation helps the company to form and frame the policies and strategies related to the value added activities (Schot, Geels, 2008). The major activities created value for the Woolworths are logistics, operating, marketing and sales. As discussed above, the company Woolsworth is in not in the manufacturing of the products, they deal in the retail of the products. Due to this, the company requires a strong brand position in the market and their own distribution channels to eliminate the extra and unwanted activities form the distribution channel (Finkelstein, Hambrick, Cannella, 2009). The mission statement of the company states that they want to foster the customers by giving them high quality products and a new experience of shopping. The new mission of the company is to raise the sales of the company by the end of the year 2020 that is AUD $ 1 million. There are any strategies that this company has adopted to achieve these objectives (DePoy, Gitlin, 2015). The first strategy of this company is directly related to the extension of the areas of leadership in food and liquor. To re-establish this, the company made efforts in the marketing of the fresh food people (Chia, MacKay, 2007). According to the strategic analysis of the company Woolworths, there are various types of recommendations that can be made on the company related to the innovation and changes that must be done to have competitive advantage over the competitors. The recommendations will also give parameters to bring improvements (Hevner, Chatterjee, 2010). The company Woolworths is capable to bring and adapt changes in its company as they adopt cost effective leadership to reduce the cost of operation the cost effective and reduction strategy is defined as the strategy which guide Woolsworth to lower the prices by decreasing the input and increasing the output. The management strategy can also be used to reduce the stock. Woolworths should increase the delivery of the goods and products in to the markets so that they can achieve economy of scale. There are other strategy that can also helped this company is collaboration of the strategic alliance with the strategic management of the company (Ragins, Kram, 2007). It is a new approach that will help the company to manage the related alliance of strategies with the company. This helps in brining short term sales in the company and boosts the brand loyalty in the markets. Recommendations The aim of establishing such strategies is to not let go the customers empty hand form the stores. In order to achieve the company have to bring diversification and innovation in their strategic management. To serve the customers under one roof, there is a requirement to make the entire possible requirement in a store so that the foot ball can be increased which ultimately increase the sales of the company. The company can also use various types of approaches and theories like cost leadership theory, innovation, etc. in the management of the products so that they can achieve the higher share in the markets in the future (Corley, Gioia, 2011). Hence, it can be conclude that a company must have effective management for the strategies so that in future they have a surety to achieve the goals and objectives of the company effectively and efficiently. It also helps in the achieving satisfaction of the customers on a high level as the products and services delivered will be of good qualit y (Eisenhardt, Graebner, 2007). The company should also focus on the performance of the employees and the productivity of the company by indentifying and analyzing the potential of the company as well as the other human resource working in the company. They should provide them training and development programs to enhance their knowledge, skills, talent and potential. This industry is customer based industry hence it is very important for them to achieve high customers satisfaction in order to remain a leading company in the markets of Australia (Hambrick, 2007). It will improve the customers ratings, reviews, and mentality of the people towards Woolworths and its products. Conclusion The company Woolworths is one of the top super market companies in Australia. According to the strategic management and evaluation of the company, it is analyzed that the company is facing competition dude to which they are unable to grow and develop further. There are some core competencies of the company the company like the supply chain of the company and also the resources that are present in the company. They help to manage the rivalry firms in the super markets. In this way, the few strengths of the Woolworths Company help them to withstand against the companies who are competitors. To remain in the competition the company tries to decrease the prices of their products and for this they do not even comprise with the quality of the products. Such policies and strategies of the company help and support them to achieve a high degree of the loyalty and degree of the customers. The company can also use various types of approaches and theories like cost leadership theory, innovation, etc. in the management of the products so that they can achieve the higher share in the markets in the future. Hence, it can be conclude that a company must have effective management for the strategies so that in future they have a surety to achieve the goals and objectives of the company effectively and efficiently. It also helps in the achieving satisfaction of the customers on a high level as the products and services delivered will be of good quality. References Aguinis, H., Boyd, B. K., Pierce, C. A., Short, J. C. (2011). 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Armada essays

Armada essays From 1586-1588 King Phillip II prepared a large fleet of ships to sail from Spain to the straits of Dover. The war ships of the Armada (armed feet), were to carry extra soldiers and protect the duke of Parmas Spanish army. The Spanish Armada of 1588 attacked England on July 12th. One hundred and thirty massive ships failed in its mission to end English meddling in Spanish affairs. King Phillip II of Spain saw England as a dangerous nuisance. King Phillip had many reasons to want to get rid of Queen Elizabeth. For twenty years English ships had attacked Spanish treasure ships and raiding some Spanish towns in the Americas. Queen Elizabeth refused to punish the privateers and would not give the riches back. King Phillip thought that it was wrong to punish the Catholics in England. Also Elizabeth funded money to the Spanish enemies and she had English soldiers fight along with the Dutch rebels. Kings Phillips plan to invade was actually a good plan but it wasnt well thought out by his soldiers. Phillip brought together a large army of soldiers in the Netherlands under the Duke of Parma and then got them ready to invade England. He had a large fleet of ships carry fighting men, equipment and supplies from Spain to the straits of Dover and join up with the Duke of Parmas army. As a result of the Armada England was a much more powerful nation. Elizabeth could be reasonably secure in the knowledge that another invasion was not likely, certainly within the next few years. The Spanish had fewer ships with which they could protect their trading ships and so English sailors could plunder with greater ease. The failure of the Armada made England a much more powerful nation. ...