Business & Business Environment Assignment - Marks and Spencer

Added on - 22 Nov 2020

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Business and BusinessEnvironment
Table of ContentsINTRODUCTION...........................................................................................................................1TASK1.............................................................................................................................................1P1. Types, Purpose and Legal structure of different Organisations.......................................1P2 Size and scope of the organisations...................................................................................3P3 Organisation structures and functions...............................................................................4SECTION 2......................................................................................................................................5P4. Positive and Negative impact of Macro Environment Factor over Business Operations5P5. SWOT analysis of Mark and Spencer..............................................................................7P6 Impact of macro and micro environmental factors on business objectives and decisionmaking....................................................................................................................................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONBusiness can be defined as an activity of individual which is performed for earningprofitability or money. In addition, business is an economic system where goods and services areexchanged for money. Whereas, business environment is a combination of internal and externalfactors which can affect the profitability or productivity of firm in positive or negative manner.Chosen firm for taken this report is Marks and Spencer which is a multinational retailer and wasfounded in 1884 along with headquarters in London, UK. In current scenario, company isoperating its functions across the world. This assignment is divided in two parts in which firstone will discuss about several kinds of organisations with their purposes, legal structure, size andscope. Apart from that, second part of report will includes PESTLE, SWOT and porter’s fiveforce model.TASK1P1. Types, Purpose and Legal structure of different OrganisationsBusiness environment is refers to a sum of all factors that have ability to control or affect thebusiness activity or operations.Various organisations are existing in marketplace in which someof them offers products and services to customers so as to earning money. Whereas, a few ofthem performs their duties without make focusing on profitability. These businesses are varyingin terms of size and purposes as well as services provided to customers along with this, visionand purposes of them are also varied between each other.There are mainly three kinds oforganisations such as profit, Not for Profit and Non-governmental organisations (NGO). Theprofit organisations are developed for earning profitability or money in marketplace.Marks andSpenceris the taken organisation for this kind which is a private company and deals in clothingand food sector. Major Purpose of M&S is to earning maximum profitability along with servingneeds of customers in effective manner (Avramenko,2012).M&S offers several kinds ofproducts like home, food and clothing across the world they have also implemented flatorganisational structure in their workplace so that their objectives can be achieved with supportof employees in a specific time-frame. Company have 1463 stores across the world along with300 websites. Management have also employed approx. 80000 employees in their stores so as toachieving high profitability in their operations. Along with this, company have covered most of1
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