$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

Management And Business Context Of Bunnings Warehouse

tag 1 Download8 Pages 1,869 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT


Discuss about the Management and Business Context of Bunnings Warehouse.



Bunnings Warehouse was founded in the year 1887 as a limited company but later on changed to a public company in the year 1952. Its headquarters are located in Hawthorn East, Victoria. Bunnings Warehouse is the leading Australian company in the sale of hardware chain; home improvements and the general living products. Bunnings is committed and specialized in offering innovatively created kitchen designs and the splashbacks that are unique in the industry. The company also helps housing project builder customers in color consultancy, building doors, accumulating of BBQ, air conditioning of the buildings and installations of the hot water systems. This organization has two main housing brands; the Ozito power tools and the Click electrical fittings and accessories. The company has grown widely in this business and is currently serving millions of customers in the world and has remained leading in sits market areas (Bunnings, 2017).

Definition of key terms


Governance defines the established rules, policies, processes and systems through which a given company is directed and controlled.  Corporate governance is composed of both the internal and the external factors. The internal factors include the organizational policies, the constitution among others which work together with external factors such as the laws, regulations, and community expectations among others. Corporate governance is a critical concept in business since it helps to establish how these enterprises are lead (Clarke, 2007).


Innovation and Entrepreneurship

Innovation refers coming up with new ways of doing things through continuous improvement of the existing process, the products or service offered. On the other hand, entrepreneurship usually refers to the organization's ability to manage and organize a new business venture and its willingness to handle the associated these risks related to the investment. Most factors in the business environment are not static, but they are always changing (Lichtenthaler, 2011, pp.138-139). Therefore, adoption of innovation and entrepreneurship is a vital change driver for every business.

Knowledge Management

Knowledge management refers to the process through which organizations create, use or manage knowledge and information. It explains how organizations can make the best use of knowledge to achieve their objectives. Knowledge management targets to facilitate a smooth transition from those retiring to those succeeding, targets to avoid loss of corporate memory at some point and identify resources and knowledge that is necessary for the organization. Besides, the concept helps the organization to build up and empower others who become the intellectual capital of the organization (Booker et al., 2008). This is, therefore, important for the team since it facilitates business continuity and the overall achievement of company's objectives.


Innovation and Entrepreneurship at Bunnings

Innovation models can be defined in different ways depending on their nature (Oke, 2007, pp. 564-587). Change is essential for growth and sustainability of Bunnings. The company has made efforts to improve and promote innovation and entrepreneurship. Innovation and entrepreneurship have a direct impact on the business since sustaining innovation increase the organization's sustainability.

Through innovation and entrepreneurship, Bunnings has managed to deliver value and quality to its stakeholders. The company has, therefore, managed not only to improve the brand quality but also to extend the brand reach to its customers. Bunnings has increased the number of stores, came with programs that are customer oriented thus increasing the product value to them. Some of these plans of Bunnings include FlyBuys loyalty programs and also the PowerPass offers. These are some of the creative programs that this company has created through creativity and innovation to increase customer value. Innovative branding of Bunning's products and an increase in the number of stores has ensured that the brand reaches most of its customers (Chessum, 2017). 

Also, the company has managed to adopt technological innovation and accepted to handle the possible risks that may arise out of this. Implementation of the innovation ideas is associated with many risks. An entrepreneurial company, therefore, needs to accept these risks and work out on how to manage them. Bunnings Warehouse has established an online store which has facilitated convenience and easy reach to customers. Online sales have extended the company channel to reach more consumers. This use of technology has targeted particular customer segment and thus increased the market for products and services of Bunnings. Besides, Bunnings Warehouse has demonstrated its support of innovation through the use of technology by assigning dedicated technological expertise to handle technological innovations. This among others describes the commitment of Bunnings for innovation (Neilan, 2016). 

Innovation and Entrepreneurship have been the key value for the business longevity of Bunnings. It ensures the continuity of the firm despite the change in the business environment thus sustaining the business life of this company. Innovation should be continuous, and therefore there is a need for Bunnings implement the strategy that supports innovation in all ages. Failure to design strategies that ensure change sustainability can cause an end to an innovative culture at some point.  It is also evident that innovation and entrepreneurship contribute to the business profitability and the general business growth. Bunnings is, therefore, able to benefit from the value derived out of these new ways of doing things and thus get financial gains out of innovation (Enkel, et al., 2009, pp.311-316).

Also, Bunnings Warehouse may face challenges during innovation and entrepreneurship implementation. The primary challenge in the endeavor is usually the failure to align the implementation strategies with the business operation correctly.  Approaches taken to achieve innovation in an organization must be in alignment with the company process else the business will face resistance in its course. Also, Bunnings should establish a risk management system to handle or mitigate the potential hazards that may arise out of this course. This can be attained through implementation of the system that identifies risks, perform risk examination and analyses, solve the risk and finally monitor and evaluate the possible risks that may happen again. Risk management system increases the company's entrepreneurial spirit or its willingness to support innovation (Midgley, 2010).


Domestic contextual factors Impacting Bunnings Warehouse

Political Instability

The operations of every company depend on the political state of the country of exploitation. If the political condition of the country is stable, there is a likelihood of the company to thrive well, but when there is political instability, the organization's business operation is affected in many ways, hindering innovation and entrepreneurship, leading to low productivity and the general profitability of the business enterprise.

The government regulations

Different countries have different policies and regulations that may affect the business in various ways. Some state policies may restrict the general operation of the company and make it difficult to carry out some activities. Bunning’s success can be partly attributed to the better government policies in the countries of its operation since most of its operations such as innovation are legalized, and the company has not had restrictions from the policies (Anders, 2017).


Locally, infrastructure has an enormous impact on the organization's productivity and the general profitability. Basic infrastructural elements such as transport and telecommunication substantially affect the general well-being of the company thus lowering their profitability. Poor transport affects the movement of people and goods from destination to another while poor telecommunication system affects the information sharing among different people.


International contextual factors impacting Bunnings Warehouse

The Economic factors

The Economic state of the world has the effect on the operation the company. The economic situation of the world is determined by many aspects like inflation, the labor conditions, and cost of production among many others. Companies make more profit when the economic state is good, but their profit is lowered when the economic state is bad. Companies need to come up with the strategies to apply during the hard economic state. Bunnings has managed to survive through bad economic states by its incorporation of the innovation and entrepreneurship culture.

Cultural factors

The operations of the company are significantly affected by the culture in the environment of operation. Different cultures have different effects on business. The beliefs of the people have the influence on what they consume and thus the specific products which they buy. It is, therefore, important for Bunnings to understand the cultural state of people in which it runs its business so that it can deliver the best for them that meets their cultural demands (James & Szeman, 2010).

Legal factors

Legal factors have a great impact on business since the company must adhere to the established legal system. This includes tax laws, ownership rights, the business registration process and rewarding systems among many others. At times there are some established laws which are discriminative, and this impacts the business operation to a large extend. Bunnings should use innovation and technology to analyze, understand various legal systems and then come up with strategies to handle various legal issues.


In conclusion, innovation and entrepreneurship are critical to every business organization. Companies should put in place policies that control, promote and sustain innovation since it is the driver to sales. The best way of embracing change is through incorporation into the organizational culture. Companies that embrace innovation and entrepreneurship enjoy many advantages that increase their productivity and give them a competitive advantage. Making use of the latest technology is also the best for businesses to take since it helps them get reach to many customers and of various segments. Also, it is important for Bunnings to understand the various domestic and international contextual factors that can affect its business operation.



Anders Kjellberg (2017). "Self-regulation versus State Regulation in Swedish Industrial Relations." pp. 357-383

Booker L., Bontis N., and Serenko A. (2008). "The relevance of knowledge management and intellectual capital research." Knowledge and Process Management. 15 (4): 235–246

Bunnings (2017). Retrieved from

Chessum, Victoria (2017). "Bunnings Warehouse chain to replace former B&Q site in Folkestone." Retrieved from

Christensen, C.M., Raynor, M.E. & McDonald, R. (2015). What is Disruptive website at accessed 05 May 2016?

Clarke, Thomas (2007) "International Corporate Governance” London and New York: Routledge, ISBN 0-415-32309-6

Dahlan, L. and Gann, D. (2010). ‘How open is innovation?', Research Policy, Vol. 39, pp.699–709

Enkel, E., Gassmann, O. and Chesbrough, H. (2009). ‘Open R&D and open innovation: exploring the phenomenon,' R&D Management, Vol. 39, No. 4, pp.311–316.

Gassmann, O., Enkel, E. and Chesbrough, H. (2010). ‘The future of open innovation,' R&D Management, Vol. 40, No. 3, pp.213–221

James, P. & Szeman, I.  (2010). Globalization and Culture, Vol. 3: Global-Local Consumption.     London: Sage Publications.

Lichtenthaler, U. (2011). ‘Is open innovation a ?eld of study or a communication barrier to theory development?’A contribution to the current debate’, Technovation, Vol. 31, pp.138-139.

Midgley, D. (2010). Integrated Strategies and Practical Tools for Bringing Value Innovation to the Market, Wiley

Neilan, Catherine (2016). "Homebase to be rebranded Bunnings after Wesfarmers completes £340m acquisition from Home Retail Group - now what's happening with Argos?". Retrieved from

Oke, A. (2007). Innovation types and innovation management practices in service companies. International journal of operations and production management, 27 (6), pp. 564-587


Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2018). Management And Business Context Of Bunnings Warehouse. Retrieved from

"Management And Business Context Of Bunnings Warehouse." My Assignment Help, 2018,

My Assignment Help (2018) Management And Business Context Of Bunnings Warehouse [Online]. Available from:
[Accessed 08 April 2020].

My Assignment Help. 'Management And Business Context Of Bunnings Warehouse' (My Assignment Help, 2018) <> accessed 08 April 2020.

My Assignment Help. Management And Business Context Of Bunnings Warehouse [Internet]. My Assignment Help. 2018 [cited 08 April 2020]. Available from:

With time, has become one of the best college essay writing services. Our all rounded services give students the confidence to overcome assignment related issues. Our services are fast enough to meet most urgent deadlines. We are capable of delivering fast essay writing services with the help of our specially designed provisions and writers' teams. Our urgent essay help services guarantee most rapid delivery of assignment solutions. Some of our most popular essay services are application essay help, exploratory essay help, literary review essay help and argumentative essay help.

Latest Management Samples

BUS106 Marketing Principles For Designing And Production Of Boats

Download : 0 | Pages : 6

Answer: Introduction OzCo Boats is a family-owned boat building industry based in Coffs Harbour, situated in New South Wales has been operating since 1961. It builds high quality and luxury boats that are made from traditional material. In the current scenario of technological developments, they have to embrace innovative technologies to compete with its competitors and needs to transform its traditional methods of production. If it is contin...

Read More arrow

MBA502 Professional Workshop For Self Awareness And Work Performance

Download : 0 | Pages : 7
  • Course Code: MBA502
  • University: Kaplan Business School
  • Country: United States

Answer: Part one  Chosen topic- Self awareness (From workshop week 2) Activity name Description   Time needed   Expected Outcomes   Things to consider (instructions)   Expected barriers   1. Adjective game  This activity is about giving an adjective to own self and to others and then to see whether self given adjectives and the adjectives chosen by others ...

Read More arrow

BUSN20017 Communication In Business For Email And Employment Letter

Download : 0 | Pages : 9
  • Course Code: BUSN20017
  • University: Central Queensland University
  • Country: Australia

Answer: Introduction: Communication is used for the information transformation between different sources. It has different types such as verbal, non-verbal. There are many things to communicate for some purpose. Professionalism is require a better communication for fulfill the basic requirements in business. Business communication is playing a key role in a life of professional person for their professional work.     This essa...

Read More arrow

ACC202 Fair Value Accounting For Financial Assets And Economies

Download : 0 | Pages : 7

Answer: Fair Value Accounting Mark to Market or Fair value accounting shows the current price or the potential of the asset in the market. Assessment of fair value accounting is one to reflect economic reality in the corporate environment. The fair value shows the potential price in which the asset can be bought or sold in respect of the cash flows or the economic benefits flowing from the asset (Goh et al. 2015). The cons and pros of ap...

Read More arrow

BZ100 Introduction To Business And Management

Download : 0 | Pages : 4
  • Course Code: BZ100
  • University: Victoria University
  • Country: Australia

Answer: Learning from case study I was able to learn with the help of the case study that Telstra which is a provider of the mobile phones along with broadband internet focuses on strategies that help in protecting the community. The knowledge was gathered through the case study that getting involved with the local communities can help an organization in surviving within the competitive environment. The fostering of the inclusive communities ...

Read More arrow

Save Time & improve Grades

Just share your requirements and get customized solutions on time.

We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits




Overall Rating



Our Amazing Features


On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.


Plagiarism Free Work

Using reliable plagiarism detection software, only provide customized 100 percent original papers.


24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat.


Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.


Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

2279 Order Completed

97% Response Time

Zachary Perez

PhD in Computer Science and Information System

Washington, United States

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

1896 Order Completed

95% Response Time

Herman Berens

MSc in Psychology

London, United Kingdom

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 4/5

1309 Order Completed

100% Response Time

Gemmie Chen

MSc in Nursing

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

230 Order Completed

97% Response Time

Liya Han

Master Of Science in Geotechnical Engineering (MSc Geotec)

Singapore, Singapore

Hire Me

FREE Tools


Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.


Essay Typer

Get different kinds of essays typed in minutes with clicks.


GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.


Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.


Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability




Your Approx Earning

Live Review

Our Mission Client Satisfaction

Good work. it was on topic base, understandable and relevant. Help me to achieve great mark. Really appreciate.


User Id: 78040 - 08 Apr 2020


student rating student rating student rating student rating student rating

got assignment completed on time. I had lot of important information and up to the point.


User Id: 299002 - 08 Apr 2020


student rating student rating student rating student rating student rating

I was so excited to share my experience. I had Peter help me with assignment. He did and exceptional job that I couldn\'t believe it. I got an A+ PERFECT SCORE! ALL i can say is WOW! THANK YOU.


User Id: 307193 - 08 Apr 2020


student rating student rating student rating student rating student rating

Excellent work from the teacher. I got excellent marks and Assignment help had given the. assignment in the time.


User Id: 213317 - 08 Apr 2020


student rating student rating student rating student rating student rating
callback request mobile
Have any Query?