Health The New Frontier For Wesfarmers, Woolworths

Assignment Task 

Introduction

In Portfolio Oxygen, Woolworths planned to create a new category: homewares. The company knew that the cost of producing and distributing these items was low, but it also knew that high margins could be made up by selling them at exorbitant prices (Denicol & Davies, 2022). After all, a homewares retail market was a growth market, and if it played its cards right, Woolworths could create a large captive audience. The idea, at the time, was not well-received by Wesfarmers, who saw the move as a direct affront to its Bunnings business (El Khatib et al., 2022). Wesfarmers decided to take Portfolio Oxygen to the Competition Commission, claiming the move would give Woolworths market power. Woolworths claimed this was not the case and that Portfolio Oxygen would provide only complementary products to Bunnings, such as rugs and garden furniture. Indeed, Bunnings continued to thrive during Portfolio Oxygen, and Wesfarmers remained concerned.

Program and Project Management Life Cycles:

The success of a project or a program necessitates a cyclical approach that follows a set of phases rather than a single process. Students of management learn that to ensure that the project life cycles run effectively and efficiently, it must take place in phases (Faghihi, 2022). Each phase earned the project moving toward an outcome sequence:

• Initiation: This phase signifies the project's beginning, establishing the aim, goals, and expectations for the undertaking.
• Preparation of Management Plans: At this stage, preparation included actually breaking down the project pieces through daily management groups who maintain jurisdiction over where those duties lie.
• Implementation: Geraldi et al., 2022 said that where tasks had been broken into sufficiently small executables a systematic barrage of project financial disbursement accompanied; to spend contrarily would lead to asking for auditors (external or internal).
• Oversight: Adherence strictly to predetermined standards and designs agreed permits projects and experiments to establish themselves.
• Project Closure evaluation unequivocally established where short falls took place, supporting replication of procedure simplification and quality control.

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