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Proposal on Business - Essay Example

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This research aims to identify the impact of economic recession on the business community; to determine the effect of economic recession on Woolworths business and to discover the other crucial motives of failure of Woolworths business…
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Download file to see previous pages UK firms that collapsed into the administration as they distorted or deviated under immense pressure of soaring costs and declining of consumer spending. Background Information of the Organization Woolworths is the organization under research, is medium-sized organization situated in the region of UK that appears to experience problems in the current recession period. Furthermore, this online retail company believes in providing the customers with a broad range of quality products with greater choices that include children's clothing, stationery, and toys at a very economical price. Woolworths is one of the UK's oldest store groups with more than thousand employees working at different stores all throughout UK. The statistical records provide with evidence that Woolworths has had a presence on the High Street of UK for several decades (Thompson & Martin & Thompson, pp. 615-618, 2010). The history of Woolworths reveals the fact that it was in the early nineteen hundreds that covered the local newspapers with its opening in UK. It gained recognition and popularity and the company expanded rapidly within couple of decades with more than five hundred stores in UK. However, in the middle years of the twentieth century, the growth of the company stagnated because competitors invaded the market. Contenders and competitors soon began to take over its market share as they rolled out the new concept on a faster pace (Thompson & Martin & Thompson, pp. 615-618, 2010). The financial performance of Woolworths has been abating and falling in the past few years. The episodes of the shutting down of several stores of this retail company harmonize with the recession and the financial crisis that took place in the recent times. However, latter in the period of recession, Woolworths...
The intention of this study is Woolworths as the organization under research, is medium-sized organization situated in the region of UK that appears to experience problems in the current recession period. Furthermore, this online retail company believes in providing the customers with a broad range of quality products with greater choices that include children's clothing, stationery, and toys at a very economical price. Woolworths is one of the UK's oldest store groups with more than thousand employees working at different stores all throughout UK. The statistical records provide with evidence that Woolworths has had a presence on the High Street of UK for several decades. The history of Woolworths reveals the fact that it was in the early nineteen hundreds that covered the local newspapers with its opening in UK. It gained recognition and popularity and the company expanded rapidly within couple of decades with more than five hundred stores in UK. However, in the middle years of the twentieth century, the growth of the company stagnated because competitors invaded the market. Contenders and competitors soon began to take over its market share as they rolled out the new concept on a faster pace. The financial performance of Woolworths has been abating and falling in the past few years. The episodes of the shutting down of several stores of this retail company harmonize with the recession and the financial crisis that took place in the recent times. However, latter in the period of recession, Woolworths reopened its store with in excess of half a million products on offer for the customers. ...Download file to see next pagesRead More
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