Business Environment Analysis and Strategy
Added on 2020-02-05
22 Pages5333 Words334 Views
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UniversityBusiness and the Business EnvironmentByDateNameLecturer’s Name
Business and the Business EnvironmentContentsTask 1...............................................................................................................................................3Marks and Spencer (M&S)..........................................................................................................5(ii) Relationship between organizational structure and organizational function.........................7LO3................................................................................................................................................10Macro environment analysis......................................................................................................11Positive aspects of macro environment......................................................................................12Negative aspects on macro environment...................................................................................14LO4................................................................................................................................................16Internal analysis of the company...............................................................................................16SWOT analysis..........................................................................................................................16Impact of strengths and weaknesses..........................................................................................20Conclusion.....................................................................................................................................22References......................................................................................................................................23Page 2 of 22
Business and the Business EnvironmentTask 1Today, international business is becoming more and more involved due to the higher organizational structure(Czinkota, Ronkainen and Moffett, 2011). People are working hard day and night for achieving the objectives of the organization. However, it is significant for the people who are working in the organization and who is determined to join a specific company to know about the structures of the organizations. Societies are established in specific ways for accomplishing various goals. Moreover, the organization chart can aid its progress towards achieving the objectives. Organizational structures can be divided into two sections such as legal structure and divisional structure. These two structures determine the size of the organization(Hill and Hult, 2017). The two structures are described below:Divisional Structure: The specific structure is implemented by large companies that function in a wide geographic area. It means the campus of the company is enormous. Moreover, divisional structure is also used in large enterprises where separate smaller companies within a specific group cover various types of services and products in different areas or specific areas(Knott and Turner, 2017). Divisional structure is often known as private organizations. Private organizationsare large.Legal Structure: Business legal structures change inside and out from country to country. Gathering the right legal, organizational structure for the firm is a defender among the most fundamental decisions the company will make(Knott and Turner, 2017). While it won't have much impact on the regular operations of a private wander, it can have a tremendous impact evaluate time when the organization need to procure trade or haul out money related experts, or in the shocking event that you get indicted. While it is possible to change the organizational Page 3 of 22
Business and the Business Environmentstructure at a later date, it can be a troublesome and expensive process. Better to settle on the right decision regardless. The legal business structure can be classified into many types out of which sole proprietorship and limited partnership are described below: Sole proprietorship: In a sole proprietorship, the individual owner of an independent business operates the organization as an extension of himself(Jarrett-Kerr, 2011). Moreover, in a sole proprietorship, there is no loss and profit of the firm. It has been found that these types of companies have no separate business filing. In fact, the owner ispersonally responsible for any business liabilities. Limited partnership: Based on limited partnership, the core organization structure along with the tax implications are same as a general business. Besides that, the limited partnership helps the organization to get a permit for more than one limited partners.The structure of an organization is mainly basic for central authority. Most business firms either have a tall or level, various tiered structure. Level structures enable small business firms to settle on speedier decisions, as they are every now and again growing rapidly with new products and need this versatility. Small business firms are generally speaking use a level, different tiered structure. For example, a director can report predominantly to the president as an alternative of an official, and her partners are only two levels under the president (Aslin, 2010). The Business Plan, an online orientation website, says small business firms should not worry about various tiered structure unless they have no under fifteen agents. The reason is that agents into an extraordinary degree small organizations have different obligations, some of which can associatedifferent limits. As a modest organization creates, it can incorporate more prominent organization levels. For example, a thing director moreover might be accountable for exhibiting Page 4 of 22
Business and the Business Environmentinvestigation and publicizing. Far reaching organizations every now and again have various levels or levels of the organization (Hwang and Chung, 2016). Marks and Spencer (M&S)Marks and Spencer is a major British retailer company which has over eight hundred and ninety-five stores in more than forty territories. Domestically, the organization has six hundred stores and internationally, it has two hundred and ninety-five stores. Marks and Spencer are the largest clothing retailer in the world as well as in their nation, United Kingdom(Kent, 2000). The head office of the company is located in the Waterside House in the City of Westminster, London, England. It is also the largest supermarket in the world. During the year 2008, the organization has become the 43rd largest selling company internationally. In their domestic stores, their most of the business sold both the food and clothing to their potential customers. During 1998, the organization became the primary retailer to create a pre-tax revenue of over one billion euro. In November 2009, it was proclaimed that Marc Bolland would take over as the chief executive from executive chairman. The chief executive chairman is Stuart Rose in the early year 2010. Internationally, the number of stores of Marks and Spencer is described below:India – 52 stores.Turkey – 48 stores.Russia – 37 stores.Greece – 27 stores.Ireland – seventeen stores.France – fourteen stores.Poland – eleven stores.Page 5 of 22
Business and the Business EnvironmentHungary – six stores.Finland and Spain – 5 stores.The company is very popular all over the world due to a regulated and information-related management style of SCM or supply chain management. Moreover, their dealers to make it a necessary win-win condition. The organization and contractors have essentially more than a general company, however rather transform into a complicit connection to work. Moreover, Marks and Spencer have just about a thousand of providers, and contractors Dibos organizations having more than hundred years joint effort, with more than sixty dealers with more than fifty years of the company. Based on the product department of Marks and Spencer, the organization has varieties of products from footwear, general merchandise, foods, financial services as well asother goods and services (Worth, 2007). Moreover, the business of food carries a broad range of arranged foods, ethnic foods, meats, non-alcoholic beverages, perishable foods as well as alcoholic beverages. The product prices also vary from each other.The price of the product and services of Marks and Spencer is determined by the number of factors which include competition, material cost, market share, the identity of the product, as well the perceived value of the product. Regulation is the organization’s reliable product superiority, style, sort as well as framework of supply configuration, product appear, and even the team of the facility program has a cautious customary (Worth, 2006). Systematization administration most noticeable favored angle is that we can save a lot of the Directorate costs, while purchasers can repair the generic brand of the Marks and Spencer, giving them a home a long way from home shop foundation. Marks and Spencer have fulfilled a paperless management, which confirms that wherever all through the world Martha tie can endure running precise. Moreover, the organization followed a value price strategy from its inception. The Page 6 of 22
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