Blackmores Business Analysis Essay - 1260 Words

Business Analysis on, Blackmores Ltd Table of content Introduction 2 Strategic business units 3 Internal Environment 4 External environment 6 SWOT analysis 6 References 7 Introduction Blackmores Limited is an industry leader in both natural health and research, basing its principle activity on the development and marketing of health products and natural supplements; and it has been an industry leader in Australia for more than 70 years. The Company had its beginnings in the 1930s. The company currently has over 150 products, catering for all areas in natural health and vitamins.†¦show more content†¦The online market is the target for Blackmores in order to gain more market share, inform information to customer and various benefits. External environment In the VDS market, it currently face little competition from fortified food or fresh and drinks in Australia; however, the market is fragmented with plenty number of suppliers, including Blackmores, Sanofi-Aventis, Harron Pharmaceuticals and also Nature’s Way. Furthermore, the stricter legal from the government to control the items in this industry which leads limit the potential for growth in the Australian market. On the other hand, there are several factors that drive this industry. First, The level of healthcare expenditure is increasing measured by the Pharmaceutical Benefits Scheme (PBS) in this instance is of fundamental importance to the industry. Secondly, the demand for pharmaceuticals varies directly with the age of the population due to the increased risk of disease. Australia has an ageing population and as the baby boomers become older, demand for pharmaceuticals will increase (2012, Arna Richardson). Lastly, one variable indirectly influencing the level of demand for the products wholesaled by the industry is the level of generalShow MoreRelatedCompany And Preliminary Accounting Analysis946 Words   |  4 PagesIndustry, Company and preliminary Accounting Analysis Industry Analysis To start the analysis of the industry, firstly the identification of which industry Blackmores is should be made. Since Blackmores is the company which identified as the natural health company, so the industry that Blackmores involved is the health care sector. Based on the Global Industry Classification Standard (GICS), the health care sector could be broken into two broad industries: one is health care equipment and servicesRead MoreGlobal Construction Services ( Gcs ) Essay1475 Words   |  6 Pagesasset efficiency of the said companies along with a recommendation of which company would be most beneficial to invest in. The first company that has been analysed through the assignment was Blackmores Ltd, Blackmores Ltd was established in the early 1930’s by a pioneering naturopath of the name Maurice Blackmore. The naturopathic heritage has a strong influence on the way to approach health conditions and maintenance of well being drawing on the traditional use of medicine and combining it with theRead MoreCompany And Preliminary Accounting Analysis1854 Words   |  8 PagesIndustry, Company and preliminary Accounting Analysis Industry Analysis To start the analysis of the industry, firstly the identification of which industry Blackmores is should be made. Since Blackmores is the company which identified as the natural health company, so the industry that Blackmores involved is the health care sector. Based on the Global Industry Classification Standard (GICS), the health care sector could be broken into two broad industries: one is health care equipment and servicesRead MoreBlackmores Company Analyses3608 Words   |  15 PagesCommunications Semester 1 2014 Assessment 1: Company Analysis Blackmores Company Analysis Table of Contents Executive Summary 3 1.1 Introduction to Blackmores 4 1.2 Industry Activities 4 1.3 Blackmores Organisational Structure 5 1.4 Media Presence 5 1.5 Stakeholder theory 6 1.6 Blackmores Stakeholders 7 1.7 Corporate Identity Theory 8 1.8 Blackmores Corporate Identity 8 1.9 Corporate IdentityRead MoreAccounting Analysis of Blackmores3066 Words   |  13 PagesIntroduction Blackmoresï ¼Å'the leader of Australian pharmaceuticals with over 80-year history, keeps focusing on natural health care and becoming the first choice of the public. This essay will discuss the financial condition by analyzing the annual reports of Blackmores in the period from financial year 2010 to financial year 2012. It will be demonstrated by focusing on financial statements analysis, financial statements comments and comparison with Mcksson. Financial statement analysis Goals and ethicalRead MoreThe Marketing of Blackmore3826 Words   |  16 PagesExecutive summary: This report was to investigate the company Blackmores, and different theories such as corporate communication, integrated marketing communication, corporate social responsibility, and green marketing or greenwashing. Blackmore is popular in Australia, and it is one of the top health providers for 80 years history. Blackmores’ main products are vitamins, minerals and herb supplemental medicine. This report introduces some features of corporate communication involving stakeholderRead MoreIntroductory Accounting Assignment2279 Words   |  10 Pagesthem that may help with some of the questions. REQUIRED: You are required to obtain the 2010 Annual Report of Blackmores Limited and then answer the questions that follow in Part A and Part B. PART A – THE COMPANY (8 x 1 = 8 marks) Question 1 Describe the company’s principal operating activities. Ans: Blackmores Limited manufactures develops health products. [Ref: Blackmores AR Report August 2010, Page 2] Question 2 An auditing firm will have received remuneration for their servicesRead MoreBlackmores Ltd7582 Words   |  31 PagesTable of Contents 1 introduction 1 2 2 3 Corporation Background 3 3.1 Organization 3 3.2 Market Position 3 3.3 Government Impact 4 3.4 Description of Competitors 4 4 Capital Structure 6 4.1 Blackmores’ Current Historical Leverage 6 4.1.1 Debt to Equity Ratio 6 4.1.2 Degree of Financial Leverage and Operating Leverage 8 4.2 Capital Expenditure and Financing 9 4.3 Capital Structure Relative to Competitors 10 4.4 Bankruptcy Risk Assessment 11 4.5 Leverage PolicyRead MoreBlackmores Corporate Financial Analysis6089 Words   |  25 Pagesï » ¿1. Executive Summary Blackmores Ltd is one of the leading contenders in the Health Care sector. The company specialises in a range of products including herbal and vitamin supplements. The company has a major share in the Australian and New Zeeland’s market generating almost 85% of the revenue from this region. Blackmore’s capital structure has been analysed as requested by the Board of directors to assist them in optimizing the company’s current capital structure. Firstly, the report analyses andRead MoreAcct2127 Course Guide S2 20132393 Words   |  10 Pagesgathering and reporting that plays an important role in business decision-making. This course is specifically designed for students with little or no prior knowledge in accounting. Objectives/Learning Outcomes/Capability Development The major learning outcomes for this course is that you should have enhanced your understanding of and developed your ability to use financial, non financial and management accounting concepts and terminology in business decision-making. Successful completion of this course

Hoover Dam - History and Construction

Dam Type: Arch GravityHeight: 726.4 feet (221.3 m)Length: 1244 feet (379.2 m)Crest Width: 45 feet (13.7 m)Base Width: 660 feet (201.2 m)Volume of Concrete: 3.25 million cubic yards (2.6 million m3) Hoover Dam is a large arch-gravity dam located on the border of the states of Nevada and Arizona on the Colorado River in its Black Canyon. It was constructed between 1931 and 1936 and today it provides power for various utilities in Nevada, Arizona, and California. It also provides flood protection for numerous areas downstream and it is a major tourist attraction as it is close to Las Vegas and it forms the popular Lake Mead reservoir. History of Hoover Dam Throughout the late 1800s and into the early 1900s, the American Southwest was rapidly growing and expanding. Since much of the region is arid, new settlements were constantly looking for water and there were various attempts made to control the Colorado River and use it as a freshwater source for municipal uses and irrigation. In addition, flood control on the river was a major issue. As electric power transmission improved, the Colorado River was also looked at as a potential site for hydroelectric power. Finally, in 1922, the Bureau of Reclamation developed a report for the construction of a dam on the lower Colorado River to prevent flooding downstream and provide electricity for growing cities nearby. The report stated that there were federal concerns to building anything on the river because it passes through several states and eventually enters Mexico. To quell these concerns, the seven states within the rivers basin formed the Colorado River Compact to manage its water. The initial study site for the dam was at Boulder Canyon, which was found to be unsuitable because of the presence of a fault. Other sites included in the report were said to be too narrow for camps at the base of the dam and they too were disregarded. Finally, the Bureau of Reclamation studied Black Canyon and found it to be ideal because of its size, as well as its location near Las Vegas and its railroads. Despite the removal of Boulder Canyon from consideration, the final approved project was called the Boulder Canyon Project. Once the Boulder Canyon project was approved, officials decided the dam would be a single arch-gravity dam with the width of 660 ft (200 m) of concrete at the bottom and 45 ft (14 m) at the top. The top would also have a highway connecting Nevada and Arizona. Once the dam type and dimensions were decided, construction bids went out to the public and Six Companies Inc. was the chosen contractor. Construction of Hoover Dam After the dam was authorized, thousands of workers came to southern Nevada to work on the dam. Las Vegas grew considerably and Six Companies Inc. built Boulder City, Nevada to house the workers. Prior to constructing the dam, the Colorado River had to be diverted from Black Canyon. To do this, four tunnels were carved into the canyon walls on both the Arizona and Nevada sides beginning in 1931. Once carved, the tunnels were lined with concrete and in November 1932, the river was diverted into the Arizona tunnels with the Nevada tunnels being saved in case of overflow. Once the Colorado River was diverted, two cofferdams were constructed to prevent flooding in the area where men would be building the dam. Once completed, excavation for the foundation of Hoover Dam and the installation of columns for the arch structure of the dam began. The first concrete for Hoover Dam was then poured on June 6, 1933 in a series of sections so that it would be allowed to dry and cure properly (if it had been poured all at once, heating and cooling during day and night would have caused the concrete to cure unevenly and take 125 years to cool completely). This process took until May 29, 1935, to complete and it used 3.25 million cubic yards (2.48 million m3) of concrete. Hoover Dam was officially dedicated as Boulder Dam on September 30, 1935. President Franklin D. Roosevelt was present and most of the work on the dam (with the exception of the powerhouse) was completed at the time. Congress then renamed the dam Hoover Dam after President Herbert Hoover in 1947. Hoover Dam Today Today, Hoover Dam is used as a means of flood control on the lower Colorado River. Storage and delivery of the rivers waters from Lake Mead is also an integral part of the dams usage in that it provides reliable water for irrigation in both the U.S. and Mexico as well as municipal water uses in areas like Las Vegas, Los Angeles, and Phoenix. In addition, the Hoover Dam provides low-cost hydroelectric power for Nevada, Arizona, and California. The dam generates more than four billion kilowatt-hours of electricity per year and it is one of the largest hydropower facilities in the U.S. Revenue generated from power sold at Hoover Dam also pays for all of its operating and maintenance costs.Hoover Dam is also a major tourist destination as it is located only 30 miles (48 km) from Las Vegas and is along U.S. Highway 93. Since its construction, tourism was taken into consideration at the dam and all visitor facilities were built with the best materials available at the time. However, due to security concerns after the September 11, 2001, terrorist attacks, concerns about vehicle traffic on the dam initiated the Hoover Dam Bypass project completed in 2010. The Bypass consists of a bridge and no through traffic will be allowed across.

Generation Y Free Essays

Kane (2010) declares that Xers were conceived roughly in the vicinity of 1965 and 1980. Regularly this age was raised with two-wage families, and there was a rising separation rate. Ladies joined the workforce in extensive numbers generating the time of hook key kids (as cited in Harber, 2011). We will write a custom essay sample on Generation Y or any similar topic only for you Order Now Along these lines as Generation Y graduates, are particular to the general population who are overseeing them, it is apparent that a superior comprehension of the working state of mind, desires and social contrasts of the previous ages would have positive bearing on the HR yield and a superior working relations at the work environment and endeavor level. (Schweyer, 2015). All things considered, various factors past generational variables influence the hard working attitudes of representatives. For example, hard-working attitude fluctuates with instruction level, regardless of whether a man works all day or low maintenance, salary level and conjugal status (Tolbize, 2008). According to Kane (2010), Xers esteems opportunity and duty and abhorrence being miniaturized scale oversaw. They are anxious to excel, are not hesitant to change businesses, and appear to adjust well to way of life changes (as cited in Harber, 2011). Age Y, imagined in the vicinity of 1982 and 1994, is based on following their own particular manner. From an energetic age, the Millennial period was advised they able to do what they require by their exceedingly solid and attracted gatekeepers. A great part of the time, was stick squeezed with booked events and mechanical redirections, doing much tasking second character (www.ashleyellis.com, 2011). Moreover Kane (2010) considers that recent college grads were conceived roughly in the vicinity of 1980 and 2000 and have a tendency to be not the same as the more seasoned ages in that they are educated having grown up with innovation, for example, PCs, mobile phones, Blackberries, and different contraptions. They want to convey through email or by content informing and lean toward online classes and online innovation to customary address based introductions (as cited in Harber, 2011). Such an empowering working condition, in addition to other things, will likewise have coordinate bearing on the work relations at the working environment, the profitability, aggressiveness and inevitably the manageability of the undertaking versus equal organizations that neglect to manage the repercussion of generational conflicts (Schweyer, 2015). Individuals from these two ages have been included with day by day collaborations with individuals from different societies and have been presented to their societies and customs, though the more established ages have not been presented to a similar degree that individuals from Generations X and Y have. Because of the cooperation with various societies, openings can be acquainted with an association that will convey new thoughts and answers for the activities of the business (Harber, 2011). The lower the level of instruction of a representative, the higher their hard working attitude has been observed to be. The impression of how hard one functions may likewise be related with how people themselves approach undertakings also. For example, boomers have regularly been described as being process-situated, while more youthful ages, as being comes about centered, regardless of where and when the assignment is finished (Tolbize, 2008). The less hours can be considered as adaptable hours that would make a superior work or life adjust. Past ages were not the same as the Millennials on the grounds that they esteemed time at the workplace and felt that time was expected to finish occupations to help the activities of the organization (as cited in Harber, 2011). While more youthful specialists center around high profitability, they might be more joyful with the adaptability of finishing an errand at their own particular pace and dealing with their own opportunity, as long as they take care of business right and by the due date. Current exact confirmation does not address this specific point nonetheless (Tolbize, 2008). According to Kane (2010) recent college grads don’t have the craving for the most optimized plan of attack inside the corporate world. They would rather exchange high pay for less hours at the workplace (as cited in Harber, 2011). At work, they are centered around accomplishment more than cash, and will just stick over in the event that they believe they are adding to vital assignments. When they chip away at ventures, they hope to have consistent input to ensure that they are coming the correct way (www.ashleyellis.com, 2011). A careful comprehension of the conduct qualities and diverse prerequisites of every age, besides, may enormously encourage representatives and managers in work environments with multi-age blends to accommodate an all the more benevolent and community oriented workplace, where information and the experience of the past ages might be better exchanged to the more youthful ages (Schweyer, 2015). Had played in innovation from an exceptionally youthful period, the Millennials could naturally explore new, cutting edge hardware with no real expectation to learn and adapt. They enthusiastically submerge themselves in new innovation, to fabricate their expert ranges of abilities as well as to upgrade each aspect of their lives (www.ashleyellis.com, 2011) Twenty to thirty year olds esteem family life and will forfeit fiscal qualities for this interconnection with the family. By the qualities instructed to them from their families, they are hard and accomplishment situated. Twenty to thirty year olds have exclusive requirements of managers; they appreciate challenges and are not reluctant to address expert (as cited in Harber, 2011). Age Y rapidly swings to the web for learning, organizing, social communication, and excitement. Innovation is instilled in all aspects of their life, so don’t anticipate that them will close off when they get into the work environment (www.ashleyellis.com, 2011). How to cite Generation Y, Papers

Generation Y Free Essays

Kane (2010) declares that Xers were conceived roughly in the vicinity of 1965 and 1980. Regularly this age was raised with two-wage families, and there was a rising separation rate. Ladies joined the workforce in extensive numbers generating the time of hook key kids (as cited in Harber, 2011). We will write a custom essay sample on Generation Y or any similar topic only for you Order Now Along these lines as Generation Y graduates, are particular to the general population who are overseeing them, it is apparent that a superior comprehension of the working state of mind, desires and social contrasts of the previous ages would have positive bearing on the HR yield and a superior working relations at the work environment and endeavor level. (Schweyer, 2015). All things considered, various factors past generational variables influence the hard working attitudes of representatives. For example, hard-working attitude fluctuates with instruction level, regardless of whether a man works all day or low maintenance, salary level and conjugal status (Tolbize, 2008). According to Kane (2010), Xers esteems opportunity and duty and abhorrence being miniaturized scale oversaw. They are anxious to excel, are not hesitant to change businesses, and appear to adjust well to way of life changes (as cited in Harber, 2011). Age Y, imagined in the vicinity of 1982 and 1994, is based on following their own particular manner. From an energetic age, the Millennial period was advised they able to do what they require by their exceedingly solid and attracted gatekeepers. A great part of the time, was stick squeezed with booked events and mechanical redirections, doing much tasking second character (www.ashleyellis.com, 2011). Moreover Kane (2010) considers that recent college grads were conceived roughly in the vicinity of 1980 and 2000 and have a tendency to be not the same as the more seasoned ages in that they are educated having grown up with innovation, for example, PCs, mobile phones, Blackberries, and different contraptions. They want to convey through email or by content informing and lean toward online classes and online innovation to customary address based introductions (as cited in Harber, 2011). Such an empowering working condition, in addition to other things, will likewise have coordinate bearing on the work relations at the working environment, the profitability, aggressiveness and inevitably the manageability of the undertaking versus equal organizations that neglect to manage the repercussion of generational conflicts (Schweyer, 2015). Individuals from these two ages have been included with day by day collaborations with individuals from different societies and have been presented to their societies and customs, though the more established ages have not been presented to a similar degree that individuals from Generations X and Y have. Because of the cooperation with various societies, openings can be acquainted with an association that will convey new thoughts and answers for the activities of the business (Harber, 2011). The lower the level of instruction of a representative, the higher their hard working attitude has been observed to be. The impression of how hard one functions may likewise be related with how people themselves approach undertakings also. For example, boomers have regularly been described as being process-situated, while more youthful ages, as being comes about centered, regardless of where and when the assignment is finished (Tolbize, 2008). The less hours can be considered as adaptable hours that would make a superior work or life adjust. Past ages were not the same as the Millennials on the grounds that they esteemed time at the workplace and felt that time was expected to finish occupations to help the activities of the organization (as cited in Harber, 2011). While more youthful specialists center around high profitability, they might be more joyful with the adaptability of finishing an errand at their own particular pace and dealing with their own opportunity, as long as they take care of business right and by the due date. Current exact confirmation does not address this specific point nonetheless (Tolbize, 2008). According to Kane (2010) recent college grads don’t have the craving for the most optimized plan of attack inside the corporate world. They would rather exchange high pay for less hours at the workplace (as cited in Harber, 2011). At work, they are centered around accomplishment more than cash, and will just stick over in the event that they believe they are adding to vital assignments. When they chip away at ventures, they hope to have consistent input to ensure that they are coming the correct way (www.ashleyellis.com, 2011). A careful comprehension of the conduct qualities and diverse prerequisites of every age, besides, may enormously encourage representatives and managers in work environments with multi-age blends to accommodate an all the more benevolent and community oriented workplace, where information and the experience of the past ages might be better exchanged to the more youthful ages (Schweyer, 2015). Had played in innovation from an exceptionally youthful period, the Millennials could naturally explore new, cutting edge hardware with no real expectation to learn and adapt. They enthusiastically submerge themselves in new innovation, to fabricate their expert ranges of abilities as well as to upgrade each aspect of their lives (www.ashleyellis.com, 2011) Twenty to thirty year olds esteem family life and will forfeit fiscal qualities for this interconnection with the family. By the qualities instructed to them from their families, they are hard and accomplishment situated. Twenty to thirty year olds have exclusive requirements of managers; they appreciate challenges and are not reluctant to address expert (as cited in Harber, 2011). Age Y rapidly swings to the web for learning, organizing, social communication, and excitement. Innovation is instilled in all aspects of their life, so don’t anticipate that them will close off when they get into the work environment (www.ashleyellis.com, 2011). How to cite Generation Y, Papers

Management and Business Technological Context

Question: Discuss about the Management and Business Technological Context. Answer: Introduction Knowledge management is one of those significant management practices that help the business managers to create, share, and use the knowledge with other associates. Managers from different departments focus on evaluating the knowledge management procedure implemented within the organisational scenario (Sila, 2015). The existing and new employees can avail the opportunities to enhance their knowledge and skills in a professional setting. On the other hand, e-commerce business is a useful way of shopping the necessary items through online sources. The study is based on the case scenario of The Iconic, which sells the fashion garments and accessories through online sites. The study will be analysing the theoretical concepts related to the knowledge management and e-commerce business. The impacts of these two business concepts will also be identified in this study. Definition of the Relevant Terms, Concepts and Theories Business managers take the responsibility to establish the knowledgeable business environment to ensure growth in this current scenario. The purpose of the knowledge management is to increase the performance parameter of the employees for maintaining the psychological balance. It helps in participating in a competitive business environment with high skills and capabilities (Menguc Barker, 2015). It is to be indicated that the organisational sustainability depends on the high performance attribute of the associated employees. in the business market that helps in If the employees can perform well, it would reflect on the annual performance report. The company would be able to earn more profitability in a competitive business environment. Therefore, it is necessary to bring more innovative procedures in the business functionalities. The knowledge management practices help in providing the proper training to the employees and make them knowledgeable about the innovative business procedu res. The Electronic Commerce is the effective and systematic business networking process. Through the electronic commerce process, the company can sell the products through the online sources. In this current era, people spend a quality of time in browsing internet and social media (Ming-Ru et al., 2014). Therefore, the e-commerce process is providing these customers a fruitful platform for purchasing their necessary items and services without visiting the outdoor stores. The study is based on the case scenario of The Iconic, which sells the fashion clothes and accessories through online channels. The official online site of the company includes individual departments from where the customers can select their preferable items. Moreover, the site even includes the necessary information for online transaction and shipping facilities. In this current scenario, these e-commerce facilities are much useful for both the companies and the customers. There are two primary types of knowledge management, such as explicit knowledge and tacit knowledge. The major focus of The Iconic is to utilise the tacit knowledge, which is procedure of transferring the knowledge through effective training and development sessions. It is reported that the company has been focusing on channelling the latest technologies for providing unrivalled access to more international and local brands (Eprints.qut.edu.au, 2016). In order to achieve this goal, it is important for the company to engage the efficient workforce who can develop such technicalities in the online systems (Buckley Ollenburg, 2013). Therefore, the company has decided to provide the fruitful training session to the employees for developing the technologies and achieving the determined goals. On the contrary, the explicit knowledge management is the method of availing opportunities for understanding and gathering knowledge about the service process. The company needs to gather the information and feedback from the customers as well as the internal stakeholders. If the management of the company can understand the basic needs and demands of the internal and external stakeholders, it would be beneficial enough in improving the business functionalities. The application of tacit knowledge by The Iconic is quite effective for the e-commerce business. The company is focusing on the technological development to improve their online shopping sites and get access to numerous brands. Hence, it is necessary to develop knowledge of the employees through the training and development process. However, it is also necessary for the company to pay attention towards the customers demands that will help in restructuring the business functionalities. Effects of Knowledge Management and e-commerce business Process In this current era of business market, knowledge management and e-commerce business have the significant impacts on the business practices. The associated pros and cons will be described in the further section of the study. E-commerce business is one of the most helpful sources of dragging people from different geographic locations. It is noted that the e-commerce business is much wider and vast. People from different location and diverse cultures can get access to the necessary items and services through the online sources (Obeidat et al., 2016). The Iconic has occupied the significant position in the online business market. People from diversified geographic location can order the preferable items through online sources (Theiconic.com.au, 2016). The efficient shipping services are also available in the websites. Systematic Maintenance of the Services through Knowledge Management Knowledge management is a procedure of maintaining a systematic approach, which helps in keeping balance among the employees. For example, The Iconic has applied the tacit knowledge within the organisational scenario. It provides the necessary training and development sessions to the employees and makes them aware of the necessary technologies used for e-commerce business (Wang, Noe Wang 2014). It is somewhat works as the motivating factor for the employees, which generates the sense of job satisfaction through learning and development process. E-commerce business is much useful in this current business environment. It is quite difficult for the business companies to get direct access to the feedbacks of the customers. The service providers need to be dependent on the telecommunication process to contact the registered customers (Marra, Ho Edwards 2012). Collecting the feedback becomes much difficult for the service providers since it lacks the transparency. While implementing the knowledge management practices, The Iconic needs to pay the significant attention towards the business functionalities. The application of the knowledge management procedure helps in gathering the fruitful ideas about the business process (Hislop, 2013). There are some of the risks factors associated with the implementation of knowledge management. It is much difficult for the business managers to manage the employees while undertaking these initiatives. Challenges emerge when the employees are not fully aware of the importance of knowledge management training process. It sometimes generates the sense of job insecurity due to the changes in organisational functionalities. Hence, it is necessary for The Iconic to maintain proper efficiency level that will convince the employees to take the active participation in this business activity. Lack of proper operational skills In time of establishing the e-commerce business, it is essential for the employees to apply the proper skills and competency level for the operational activities. In such cases, the application of the knowledge management is much essential. The Iconic tends to provide the effective training and development session to the employees for upgrading the technical skills. In fact, it is essential for them to make the employees aware of the business essentialities and other fruitful concerns (Chua Banerjee, 2013). The lack of proper operational skills can affect the business procedure much significantly. In order to develop the knowledge management procedure, it is necessary to select the relevant strategy that will assimilate the employees for improving business. The business management firstly needs to focus on the business requirements. The business functionalities are structured based on the demands of the stakeholders (Aggestam, 2015). Accordingly, while implementing theoretical practices, it is necessary for the company to concentrate on the suitable knowledge management theory. The application of the wrong theory will affect the business functions in a significant manner. Instability of the economic growth The fluctuation in the domestic and international economic market also has the significant impacts on the business functions. In order to derive a large amount of profit, the company requires focusing on the sufficient capital investments (Sila, 2015). Investing the sufficient amount in structuring the infrastructure would be helpful enough for the company to conduct the business. Accordingly, the instable growth in the economic structure is much impactful for the business progress in this current business environment. The concerns on these areas are ensuring much limitation for the company. The maintenance of the economic flexibility would be helpful for The Iconic to establish the e-commerce business more significantly. Conclusion The effects of the current business scenario signify many challenges for the business companies. The Iconic is a renowned fashion retail e-commerce business, which has selected the effective knowledge management practices to ensure the organisational growth. It is necessary for the company to develop the proper training and development session to mitigate the emerging risks. In fact, it is even necessary to concentrate on the investments of the sufficient capita; resources that will be helpful enough in managing the necessary infrastructure. References Aggestam, L. (2015). Learning Organization or Knowledge ManagementWhich Came First, The Chicken or the Egg? Information technology and control,35(3). Buckley, R., Ollenburg, C. (2013). Tacit knowledge transfer: Cross-cultural adventure.Tourism Tribune,23(10), 87-92. Chua, A. Y., Banerjee, S. (2013). Customer knowledge management via social media: the case of Starbucks.Journal of Knowledge Management,17(2), 237-249. Eprints.qut.edu.au, (2016). A Structurationist review of knowledge management theories [online] Available at: https://eprints.qut.edu.au/10104/1/10104_2.pdf [Accessed 17 Jan. 2017]. Hislop, D. (2013).Knowledge management in organizations: A critical introduction. Oxford University Press. Marra, M., Ho, W., Edwards, J. S. (2012). Supply chain knowledge management: A literature review.Expert systems with applications,39(5), 6103-6110. Menguc, B., Barker, T. A. (2015). The Role of Human Capital Resources in Rent Generation and Rent Appropriation: Implications for Knowledge Management Process. InAssessing the Different Roles of Marketing Theory and Practice in the Jaws of Economic Uncertainty(pp. 37-37). Springer International Publishing. Ming-Ru, Z., Yang, C. C., Ho, S. Y., Chang, C. H. (2014). A study on Enterprise under Globalization Competition Knowledge Management and Creation Overhead Construction.Journal of Interdisciplinary Mathematics,17(5-6), 423-433. Obeidat, B. Y., Hashem, L., Alansari, I., Tarhini, A., Al-Salti, Z. (2016). The effect of knowledge management uses on total quality management practices: A theoretical perspective.Journal of Management and strategy,7(4), 18. Sila, I. (2015). The state of empirical research on the adoption and diffusion of business-to-business e-commerce.International Journal of Electronic Business,12(3), 258-301. Theiconic.com.au, (2016). About THE ICONIC - Australia's Online Fashion Retailer. [online] Theiconic.com.au. Available at: https://www.theiconic.com.au/about/ [Accessed 17 Jan. 2017]. Wang, S., Noe, R. A., Wang, Z. M. (2014). Motivating knowledge sharing in knowledge management systems a quasifield experiment.Journal of Management,40(4), 978-1009.