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Figure 1 How Carrefour's Different Business Functions Nurture Long…
Figure 1 How Carrefour's Different Business Functions Nurture Long-Term Value Creation including Opportunities and Possible Barriers
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France, Spain, Brazil & Dubai expansion
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Growth through acquisition - frozen food, eyeware & office supplies
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Continually improving supply chain - electronic data interchange & enterprise resource planning systems
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Manage and train 384,000 employees in 12,000 stores across 30 countries
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Financial reporting - focus on short-term profits over long-term value creating projects #
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CEO emphasises 'strict financial discipline' to focus on value creation - Danger this could be misconstrued my management # :warning:
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Short-term decisions produce immediate results but damage long-term value creation #
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Note 1: Finance - focus on annual earnings and CEO messaging could be misconstrued by management to cut-costs and shelve long-term value creation. HR policies rewarding long-term thinking could mitigate this risk.
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Note 2: Operations, Marketing and HR will need to work together e.g. product differentiation, managing crisis, QA and staff training
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Note 3: CEO messaging focuses on Operations and Finance - danger these business functions will dominate over HRM and Marketing - Leadership and management practices need all units to effectively integrate and collaborate for long-term value creation