EXECUTIVE SUMMARY: The report talks about business proposal for the Wesfarmers which is an Australian based company operating in different services and goods across various regions of the world. The report first part depicts the introduction of the company – Wesfarmers. The next part talks about the proposal for the company and how it can expand its operation through collaborations of its various services and goods. The next segment talks about the estimated cost of implementation of the proposal. The next part talks about the time period required for the execution of the proposal. The next part states about the advantages of the proposal to the company. In the next segment it talks about the role in the company in current position of the company. Recommendations have been presented about the proposal and the company should do and avoid. Lastly conclusions have been drawn about the importance of the changing business scenario and how the current business units have been planning in terms of expansion to its business operation across the globe. Contents EXECUTIVE SUMMARY: 1 ABOUT THE COMPANY: 1 BUSUNESS EXPANSIONS AND ENHANCEMENT PROPOSAL: 2 COSTS ESTIMATED FOR THE BUSINESS PROPOSAL: 3 TIME PERIOD REQUIRED: THE TIMELINE: 3 PROPOSAL AND ITS ADVANTAGES: 5 PROPOSED INVOLVEMENT IN THE PROJECT: 6 RECOMMENDATIONS: 6 CONCLUSIONS: 7 REFERENCES: 7 ABOUT THE COMPANY: Wesfarmers is an Australian based company which has its headquarters at Perth. It has its operations in retail, fertilizers and chemicals, industrial and products related to safety. It is a public based company and has been registered on Australian stock exchange. The company has been branded as largest employment provider in Australia and has provided employment to about 205, 000 employees. The company was founded in 1914 as service provider and provided services to the farmers in Western Australia. It serves various areas like Bangladesh, Ireland, New Zealand, United Kingdom etc. Richard Goyder is the CEO of the company. The recent study of the data has recorded its current revenue of 65.98 billion Australian Dollars. The profit earned by the company is 2.35 billion Australian Dollars. The operating income stands at 3.61 billion Australian Dollars. It has various stores established in various countries providing different services like Coles which is a retail group, home improvement and office supplies business, Kmart, Target, Wespine industries etc .operating in different locations and providing services. BUSUNESS EXPANSIONS AND ENHANCEMENT PROPOSAL: Wesfarmers is an Australian based conglomerate operating in not only Australia but also in various like New Zealand, Bangladesh, Peru, United Kingdom and Ireland. These places are important for his company in terms of operations and profit earning. The company has various subsidiaries and stores which provides different kinds of goods and services to the consumers in different parts of the world where it is operating. Different stores provides only specific kind of services like Kmart and Target is super market store operating only in Australia, Coles Supermarket operating only in Australia, Home and office improvement stores available only in New Zealand and Australia, Home retail group operating in UK and many more. All the areas of operations do not enjoy all the services and goods provided by the company and even if one country has stores providing different stores and they operate in different areas which may attack the convenience of many consumers. The business proposal suggests overhauling of the current operating structure and clubbing all the services provided by the company under one roof i.e. under one big store providing all kinds of services in one large surface area all together. In fact not all countries have access to all kinds of stores providing services of the company. Hence it would be beneficial providing on big area in every country and then expanding to new areas as well. This will expand profits for the company, more in terms of employment and also benefits of one time big investment with more consumer satisfaction. COSTS ESTIMATED FOR THE BUSINESS PROPOSAL: SERIAL NUMBER PARTICULARS ESTIMATED COST 1. LAND $ 40,000,000 2. LABOUR RECRUITMENT $ 2, 50,00,00 3. EQUIPMENTS $ 20,00,00,00 4. RAW MATERIAL $ 500,00,00 5. TOTAL 67,50,00,00 TIME PERIOD REQUIRED: THE TIMELINE: 1.1. Phase 1: The phase one deals with the planning phase where the different departments will be involved in the planning process of the new project. The plan will be discussed by the top level management with all the employees of the company to gather new ideas and this can take approximately 3 months to finalize a full proof plan for the implementation. In this case each and every department will be involved and rough model will be designed to look for the benefits of such models in the near future. It is important to discuss the plans with each and every employee as they are the key factors in its execution. 1.2. Phase 2: Phase two deals with the estimations of the cost of all the factors involved. It is imperative for every company to estimate the cost of the project and also decide on how these factors of good quality and in bulk will be made available. This all has to be done while not compromising on the current operations of the company. The land area has be big and should be at strategic place will involve high costs, raw material required to build attractive, spacious, manageable infrastructure, more employees required with efficient skills for using high tech machineries and equipments, new machinery and equipments to make the work faster and easier in such a big place will be required and various factors required to execute the new model, the cost needs estimation. The estimated cost needed to be discussed with the top level management by the finance department and then the proposal for such document has to be discussed with other employees as well. The whole process will require 3 months to finalize. 1.3. Phase 3: Phase 3 is concerned with the finalizing the land at various places of operations. Wesfarmers already operates in various important countries in the world. The land and the area have to be decided by the strategic teams of the organization by properly analyzing the situations prevailing in different countries. The company has to first start with the countries where it has already established its base and is running its operations successfully. The important strategic place has to be finalized in all such countries and also the other factors associated with the place like roads and transport, raw material availability and other business factors. The company has to take care of the rules and regulations associated with different countries for the smooth expansion of its business operations. This involves time frame of about 5 months to finalize on this front. 1.4. Phase 4: Phase 4 talks about the arrangement of capital for the required plan of action, the required expansion of the business. The arrangement of capital is most important process of the organization in case of expansion. The company after finalizing factors like land, machinery etc., its estimated costs, now needs to decide on the arrangement of the required amount of the capital for the proper application of its idea. The various sources for generating capital have to be determined in accordance with the budget and then the details have to be finalized of raising it from various sources. It is imperative for the company to check the validity of the sources as the project involves large investment. Then the initial capital to begin with the project has to be raised. Such process involves 3 months to get finalized and get started. 1.5. Phase 5: The phase 5 talks about the execution of the idea after deciding on all the factors related to the expansion of the business organization. After determination of all the factors, estimating its cost and analyzing all the conditions of the economy, the execution of the idea can take place after 14 months of the time period. PROPOSAL AND ITS ADVANTAGES: The advantages of the proposal involve lots of benefits on the cost front. The proposal talks about clubbing all its services provided by its different subsidiaries under one roof. This will lead to reduction of operating cost by putting all the services under one roof. The proposal of such structure will not only improve the quality but will also lead to satisfaction of the consumers due to enhancement in the convenience for the consumers in terms of availability of all the services and products at one place, good infrastructure to make the purchasing good experience, strategic and attractive place of establishment and also reduction in prices in the long run for the products provided. This will also help in generating employment with more services coming up at one place and more work in the company as well apart from the stores. There will be more of profit generation from such collaboration and hence the company can in the long run think of expanding its operations to the new places across the world. The skills development of the workers will give more advantage to the company in its production process, making quality products and services available for its consumers and production process completion within less time framework. The company through its stores will benefit that particular country too in terms of employment generation, which can fetch company with various benefits from the government of that particular country in terms of tax reduction and many more. PROPOSED INVOLVEMENT IN THE PROJECT: As an HR role in the company, the factors highlighted are suggested for the successful collaboration and expansion of the company which already has huge market base in various countries. As HR department strongly recommends perfect follow up of all the process of expansion and proper check on all the situations and conditions on both the sides. The company should be prepared in advance for all the risks and the workers already working should be skilled beforehand for properly handling the various new and improved operations for this purpose. This also involves fresh recruitment of the workers mot only for the expansion purpose but also for various new jobs in the organization for the successful implementation of the idea. RECOMMENDATIONS: 1.6. More power sharing in the company: Wesfarmers has been attributed with hierarchy in the working structure of the company. The workers in the organization have to follow orders without questioning the leaders in the company. Even the orders from the top level may not be communicated properly at the lower level. It has become imperative for the leaders in the organization to share every decision and idea with the lower level so that the workers can give their approval and work with utmost skills in its fulfillment and can also give their valuable suggestion., Such huge process requires coordination at all the levels and proper involvement of upper level with the lower level in the company. The company on this front needs serious improvement. 1.7. Proper market analysis of the countries: Now when it comes to expansion of the operations of the projects at the areas of the operations of the company, the company requires in such case proper study of the market conditions in every country and the sentiments have to be analyzed for the expansion of its operation on such a big scale. The company before making such big investment needs to know about the long run situation prevailing in the economy. The taste of the consumers- consumers preferring collaborations and in the long run if the result is going to be positive for all its business types, if only one type of services is preferred and the other type is not preferred. All such kind of conditions needs special analysis in order to do expansion on such a huge scale and when investment that is involved is heavy and investment is one time and heavy for the company. The analysis should be complete and proper n such case where long run profit with huge investment is involved. CONCLUSIONS: In today’s changing scenario the business units look for better and east option to operate the business entities and get the most out of it in the form of enhanced profits and revenue. The expansion of the business units can be through various ideas and it can lead to various benefits but with strong competition at hand, it demands proper decision making in terms of the idea involved and then its proper execution. It is important to comprehend each and every factor associated with it properly before finalizing the plan of action.