David Jones Essay Example for Free

David Jones EssayDavid Jones has a skilled, experienced and expertise Board of handlers which is accountable for caring the rights, interests and the management of David Jones. foreland executive Officer and Managing director are responsible for setting strategy, planning and administration for the comp some(prenominal) on daily basis. Paul Zahra has been Chief executive Officer and Managing director for David Jones since 18 June 2010. Mr Zahra has more than 30 years experience in the Australian retail industry.He has held senior management roles across the retail sector in the areas of buying, stores, visual merchandising, supply chain, store refurbishments, customer service and operations. Directors are from a mix of different backgrounds, knowledge, skills and experience in the areas of retailing, financial services, property management and development, marketing, gay resources, information technology, finance and law.Board of Directors Committee Memberships Name usance Audit Remuneration and Nominations Peter Mason AM Chairman and Non- executive director Director Paul Zahra Chief Executive Officer Jane Harvey Non-Executive DirectorJohn Harvey Non-Executive Director Chairman Philippa Stone Non-Executive Director Steven Vamos Non-Executive Director Chairman Leigh Clapham Non-Executive Director Executive Management Name Role Paul Zahra Chief Executive Officer Paula Bauchinger Group Executive Human Resources Cate Daniels Group Executive Operations Matthew Durbin Executive Strategic Planning Antony Karp Group Executive Retail Services Sacha Laing Group Executive Marketing and Financial Services Donna Player Group Executive Merchandise David Robinson Executive Multi Channel Strategy and consolidation Brad Soller Chief Financial Officer 2. EmployeesAccording to David Jones , to strain the highest profits and improve customer satisfaction, the comp whatsoever need to create an effective moulding milieu for their employees following these goals Every employee is valued Recognition and reward for their contribution and performance provide opportunities for employees to achieve their honorable potential Obligation to safety, health and welfare, environmental responsibilities and aliveness for philanthropic causes that are important to both David Jones customers and employees. Therefore, David Jones committedness is to realising its vision of being the best place for our spate to work.In FY2012, David Jones invested in a blow of advantages to get word employees feel valued and supported David Jones Charity Leave Policy Supporting the philanthropic causes that are important to its customers and team members. Employee Referral Program To reward any team member whose referral results in the successful placement of an external candidate in a nominated vacancy. Employee Self Service To help team members achieve their full potential, reduces administration and to meet David Jones objective of transitioning to an environmental ly sustainable business model.Innovation Workshop Encourage continued innovative thinking, 150 team members from across the business participated in an innovation workshop at the Companys annual conference in August 2012. To invest in the future and figure of speech the management and leadership capability of line managers, David Jones has established training and development programs. David Jones Executive Leadership Program is designed to address the development needs of the David Jones Executive Committee and Executive Leadership Team, and comprises five leadership modules including a 360-degree leadership survey.David Jones Future Leaders Program is designed in-house to develop high potential people managers that have been identified as part of the Companys annual succession planning process. Operations Online Compliance is designed to ensures that frontline employees remain current in processes and policies that are important to their role, including workplace safety, food saf ety, customer service and the David Jones Code of Ethics and Conduct. Recognition and Reward bare-ass Executive Incentive Framework New Enterprise Agreements New Frontline Incentive Program Excellence Awards ProgramDavid Jones does not tolerate harassment, discrimination or bullying in the workplace. Employees of David Jones can expect to be treated in a fair and professional manner. Unacceptable behaviours under the David Jones terms of employment Harassment- Discrimination and Bullying. 3. Organisational Culture Diversity Management and the entire David Jones workforce are embraced of and attract diverse, talented and motivated people. David Jones diversity supports commitment to a culture that equally embraces gender, age, culture, religious beliefs, sexual orientation and family responsibilities of our people.David Jones encourages and supports all of our employees to reach their full potential and irrespective of gender. David Jones corporate sponsorship of the National Breas t Cancer Foundation and the operation of Rose Clinics, while a philanthropic initiative, besides serves to demonstrate our commitment to raising health awareness among employees and customers alike. This is representative of our broader commitment to the promotion of women and issues that affect women Equity David Jones has a Share business Policy that complies with the requirements of ASX Listing Rule 12.This was lodged with the ASX in 2010 and is available in the Corporate Governance section of its website. Consistent with the legal prohibitions on insider trading, under the policy, all directors, officers, members of senior management, other employees and consultants are prohibited from relations in David Jones securities while in possession of unpublished price sensitive information or so David Jones. HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED is the biggest share leters with 69,772,020 shares (13. 20%). The 20 largest ordinary shareholders hold 45.17% of the ordinary shares o f the Company.External environment I. General Environment 1. Political and Legal Carbon Pricing Scheme David Jones has a proven track indicate in reducing its carbon emissions and supports the government of the day in its attempts to move the economy towards a low-carbon future. David Jones conducted its throw analysis in 2011 to determine the direct meeting on its cost base and participated in roundtable discussions facilitated by the Australian National Retailers Association (ANRA) to review macro-environmental impacts of the scheme.Macro-environmental impacts ANRA advocated that the government release analysis outlining how households would be modify and compensated by the introduction of a carbon price. Subsequent to these discussions, additional information was released, addressing many of the unknown factors in relation to the scheme and confining any detrimental impact on consumer sentiment, which is a key driver of top-line growth for discretionary retailers. Direct fina ncial impactsDavid Jones count on the Business Roundtable on Climate Change, established by the Federal government, to represent business interests in the development of the Clean competency Future legislative package, including the carbon pricing scheme. Trading Hours David Jones follow retail industrys opening hours Monday930am 700pm Tuesday930am 700pm Wednesday930am 700pm Thursday930am 900pm Friday930am 900pm Saturday900am 700pm Sunday1000am 700pm 2. Economical Low Inflation rate and high Australian dollar makes foreign imports scram cheaper, leads to an increase in profit of David Jones.On the other hand, increase in the value of money also makes customers become interested in shopping online or buy goods overseas, makes customers rate of David Jones fall. Therefore, David Jones should adjust the price of goods for both profitable and consistent with the economic situation and the needs of customers. An increase in the unemployment rate reduces peoples income and also t heir shopping needs. 3. Social Cultural People are trying to keep a balance between their work and social-life. Besides spending a whole day at work, they are willing to spend more time go to department stores on the weekdays.Based on population selective information from around Australia, Gen Y has appeared as Australias largest demographic with 4. 67 million people. Generation X has also grown to 4. 6 million. And, the Baby Boomer demographic is lessen falling by 6,000 to just 4. 11 million people. Generation X and Y are tremendously internet savvy. The internet is the first place that they manner when purchasing goods and services. There are more educated people so their knowledge about port and fashion demand has increased. They are willing to secure clothes with good quality from healthful-known suppliers. 4. TechnologicalNew Point of Sale (POS) system will improve customers service experience and reduce dealings times. This system has multi-functionality and will play a pivotal role in David Jones OCR Strategy. David Jones also has new Workforce Management and Traffic Analytics System. 5. Natural David Jones is committed to managing its own operations in an environmentally sustainable manner and will meet this commitment by Investing in efficiency measures and driving behavioural budge to reduce the impact that the business has on the environment Embedding environmental sustainability into the corporate cultural of the organisationDeveloping robustmanagement systems to ensure transparency and say-so in environmental reporting. David Jones environment strategy comprises four strategic objectives Improve environmental outcomes, by reducing greenhouse gas emissions, protecting and conserving natural resources, and optimising wet use. Motivate cultural change, by encouraging behavioural change and then by integrating sustainability into decision making at all levels of the organisation.Engage with employees, customers and shareholders, to ensure tha t interested stakeholders are able to access information about David Jones environmental impacts and initiatives, and ensure that the Companys approach to sustainability reflects stakeholder expectations. Meet and, where viable, exceed the Companys mandatory and voluntary reporting obligations. II. Specific environment 1. Customers People are willing to dress nicer, fussy and trendy. The way they dress is usually according to the fashion trend. They are influenced from the internet all the fashion trends are spreading quickly. 2. Competitors MyerMyer is Australias largest department store group, and a market leader in Australian retailing, operating about 65 stores that offer some of the top style and fashion lines in the country. Merchandise (some 2,400 brands) is sourced from suppliers worldwide and includes accessories womens, mens, and childrens apparel beauty and cosmetics electrical goods housewares and toys. Myer runs stores in about 25 of the top 30 largest shopping centres in Australia, with New South Wales as its top market, followed by Victoria and Queensland. Besides Myer, Target, Kmart and other smaller retailers are also David Jones competitors.3. Suppliers Suppliers are an integral part of David Jones Home of Brands strategy, which makes David Jones stand out from its competitors. David Jones is committed to improving and strengthening their relationship with each of their suppliers. David Jones also appreciates suppliers that have understood Australian customers and have adjusted their prices. 4. Regulations ENVIRONMENTAL REGULATION David Jones takes a responsible approach in relation to the management of environmental matters. David Jones report has followed with the requirements of the National Greenhouse and Energy Reporting Act 2007 (Cth) (NGER Act).No environmental breaches have been notified to the Company Entity by any government agency. David Jones is committed to protecting the health, safety and welfare of all employees, contractors, visitors and customers. David Jones continues to work towards achieving an incident-free and injury-free workplace. This commitment is supported by the emailprotected management system and the Companys safety programs emailprotected davidjones management system imitates efforts of team members to put SafetyFirst in daily tasks and activities, by identifying and controlling perils that have the potential to cause incidents and injuries.Safety Information Management system Incident, Hazard and Investigation provides an on-line system to support the reporting of incidents and the apogee of incident investigations, risk assessments and associated corrective actions Case and Claims Management focuses on the management of information related to workers compensation claim files, claim transactions and payments as well as Return to Work Plans for work related and non-work related injuries Risk Management Audit and Inspections Training focuses on core compliance training, safety accountab ilities, hazard and risk management and injury management training.