Wesfarmers objectives and strategies

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Questions and Answers

What is the entrepreneurial spirit approach adopted by the company?

  • Encouraging teams to follow rigid protocols and minimize risk
  • Focusing on short-term profits and ignoring innovative ideas
  • Micromanaging teams to ensure they follow strict guidelines
  • Encouraging teams to identify opportunities and apply a commercial and financial acumen to support calculated risk taking (correct)

Which of the following businesses is NOT part of the company's portfolio?

  • Chemicals, Energy and Fertilisers
  • Kmart Group
  • Automotive Industry (correct)
  • Bunnings Group

What was the percentage increase in revenue for the company as of 30 June 2023?

  • 15%
  • 10%
  • 20%
  • 18% (correct)

What is the primary focus of the company's health division?

<p>Everyday health products (A)</p> Signup and view all the answers

What is the company's approach to investment decisions?

<p>Making prudent and sustainable investment decisions (B)</p> Signup and view all the answers

What is the primary benefit of the company's digital capabilities?

<p>Enabling further productivity and efficiency gains (A)</p> Signup and view all the answers

What is Wesfarmers' primary objective?

<p>To deliver a satisfactory return to shareholders over the long term (D)</p> Signup and view all the answers

How does Wesfarmers achieve its primary objective?

<p>By anticipating customer needs and delivering competitive goods and services, among other things (A)</p> Signup and view all the answers

What is the first value-creating strategy of Wesfarmers?

<p>Operating excellence through strengthening existing businesses (D)</p> Signup and view all the answers

What is one of the core values of Wesfarmers that underpins all of its strategies?

<p>Integrity in all dealings (C)</p> Signup and view all the answers

Which of the following is NOT a core value of Wesfarmers?

<p>Customer satisfaction (C)</p> Signup and view all the answers

What is the fourth value-creating strategy of Wesfarmers?

<p>Operating sustainability through responsible long-term management (C)</p> Signup and view all the answers

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