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Business Analysis Of Mark & Spencer’s Report
10 Pages2853 Words38 Views
Added on 2020-02-12
Business Analysis Of Mark & Spencer’s Report
Added on 2020-02-12
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“Business analysis of Mark & Spencer’s”1
Table of ContentsPart 1.............................................................................................................................................................................................P3...............................................................................................................................................................................................The function of the organization ...........................................................................................................................................Strategy and Structure of the organization............................................................................................................................Interrelationship between organizational function................................................................................................................M1..............................................................................................................................................................................................Organizational objectives.......................................................................................................................................................Part 2.............................................................................................................................................................................................P4, P5, P6...................................................................................................................................................................................Positive & negative effect of macro environment .................................................................................................................Political ..................................................................................................................................................................................Regulatory .............................................................................................................................................................................Economic ...............................................................................................................................................................................Social .....................................................................................................................................................................................Technology ............................................................................................................................................................................Competitive ...........................................................................................................................................................................Organization...........................................................................................................................................................................Markets .................................................................................................................................................................................M3, M4......................................................................................................................................................................................SWOT analysis........................................................................................................................................................................Strengths:...............................................................................................................................................................................Weaknesses:..........................................................................................................................................................................Opportunities:........................................................................................................................................................................Threats:..................................................................................................................................................................................References.....................................................................................................................................................................................
Part 1P3The function of the organization Mark & Spencer’s is one of the largest retail sectors in UK. Entire function of the organizationhas so much updated than the other retail marketing organization. Various types of productshave stored in the retail hub. The function of the retail organization is very fruitful to conductall types of employees, stuffs, workers & other stakeholders. The structure of the organizationis covered a huge area in the UK. Strategy and Structure of the organizationStructure is an important part of an organization chart. Every organisation structure made upwith the help of all the employees,position of the people in the business, events, culture, plantand machinery and related fundamentals that involve the company.It explain the how the allprocess are coordinate with each other in business. (or fail to do so).As the organisationstrategy help to company to achieving the goal and objective of the company. If a companydismisses its strategy, it must revise its structure to sustain the new strategy (Austin et al.,2012).when the company adopt the new strategy. As before said structure, supports approachso whatever the organization activity it reflects its own strategy. To change the policy of anorganization means to change the working practice of its employees. When a company modifyits structure but not change the strategy of the company then the planning will evolveautomatically to adjust to the new structure. After some time the management discovers anyundesirable change in the organizational strategy.Actually, it has been accomplishedinvoluntarily. In reality, company structure is the most powerful weapon. This is not possibleto accomplish any goal or run any organization for a long time unless the structure and strategyare not compatible.Interrelationship between organizational functionThe sum total work of an organization depends on its strategy. When a company is going tomake changes in the plan, it must consider every aspect of the structural advancements tosupport the imminent strategy . That is the only way to ensure the impact of the structural
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