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Compose a 1500 words assignment on woolworth takeover david jones. Needs to be plagiarism free! During the last four years, the David Jones Limited company’s financial position has been weakened as a result of continuously decreasing total sales (from $2,053.1 million in 2010 to $1,845.0 million in 2013) (David Jones Ltd. 2013). Dividends payout also has decreased significantly indicating on worsening financial position of the company (David Jones Ltd. 2013). In spring 2014 the company has announced the takeover proposal to acquire all issued David Jones shares at A$4.00 cash per share by Woolworths Holdings Limited (Chairman’s Letter to Shareholders – WHL Proposal, 2014). In July 2014, there appeared public information that the takeover has been completed.
The purpose of this report is to analyze critically response of David Jones Ltd. to the issue of its takeover by Woolworth with a particular focus made on the attributes of factors that influence and/or characterize the communication process in the organization. Based on the findings of both primary and secondary research there will be provided recommendations on how the communication process of the company could be improved.
Issue (issue and company’s response)
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Internal and External communication practices in David Jones
David Jones has standardized its communication practices, has identified four key stakeholders engaged in the communication process. These key stakeholders include employees, customers, suppliers, and shareholders (David Jones Limited 2013). As these four categories of stakeholders play different roles in the organization, the techniques and methods for communication are also different. For example, while communicating internally with its employees, the company: launches awareness campaigns. publishes audits, reports, scorecards (depends on the issue communicated). and uses internal communications channels.
For communicating with suppliers, the company holds regular agent/vendor meetings in September and October each year.
In addition to the above mentioned internal communication methods, there are external communication procedures applied in the company. These procedures are briefly discussed below.