Business Processes and Stakeholders: An Overview

Business processes: It is basically a process
that is used by business as step by step and
under this various task and activities is
induced by business so as to implement its
fundamental ideas and ability in which long
term profit is attained with perfection.
Stakeholders and their interests:
Stakeholders are those individual that has an
interest towards the business and it might be
anyone whether an individual, group and an
organisation as well. In actually brings
profit to business and it is dependent on the
level of interest that is shown by
Objectives: The major objective of marks and
spencer is to maintain the sustainability in the
market place while growing profitability
consistently and to act as a responsible in the
society.
PESTLE analysis: It is an analysis that is used
to measure macro-environmental factors that
basically consist of internal and external factors
as it has direct impact over the business
productivity and performance. The pestle
analysis of Marks and Spencer is as define
below as:
Political: It is a factor that has consist of
various policies that is induced by the
government as in order to make smooth flow of
business functions. In this free trade is an
aspect that is in favoured of business growth as
they have operated their business at UK and
other places as well.
Types of organisation: There are different
type of organisation such as hierarchical,
functional, matrix, team based, divisional and
many other as well. It usually define the
structure that is followed by business in order
to process its working standard and functions
in effective manner.
Organisation structure: Marks and Spencer
has followed flat organisation structure under
which management and other administrative
level. In this effective decision making is
developed by which productive outcome is
achieved with perfection.
Company aims and objectives:
Aims: The aim of the marks and spencer is to
implement the inclusive new design standard
to insure M&S food, clothing and home
products will be add to its product line.
Assessment
Business Processes