Marks & Spencer Business Environment Analysis
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Added on 2020-12-18
Marks & Spencer Business Environment Analysis
Added on 2020-12-18
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BUSINESS AND BUSINESSENVIRONMENT
Table of ContentsINTRODUCTION...........................................................................................................................1LO 1.................................................................................................................................................1P1 Different types and purposes of organisation and their legal structure ................................1P 2 Size and Scope of different types of Organisation................................................................2LO 2.................................................................................................................................................3P 3 Relationship between different organisational function and their link to objectives of theorganisation and its structure .....................................................................................................3LO 3.................................................................................................................................................4P4 Positive and negative impact of macro environmental factors on business...........................4LO4..................................................................................................................................................7P5 Internal and external analysis of Marks and Spencer in order to identify their strength andweakness.....................................................................................................................................7P6 Interrelationship between strength and weakness with macro factors...................................8CONCLUSION ...............................................................................................................................9REFERENCES..............................................................................................................................10
INTRODUCTIONThis study is about Business and business environment. Business is related to productionand buying and selling of good and services to the public in order to earn profit. Businessenvironment includes the factors which have their impact on working of organisation. Marks andSpencer will be part of this assignment to explain different task of this study. Marks& Spencer(M&S) is involved in Retail industry and produce various products such as clothing for men,women and kids, Home products etc. Marks & Spencer is having its presence all over theregions. This study will explain about various types of organisation which exist in theenvironment and their size and scope. This assignment will also explain the relationship betweendifferent organisation functions. Furthermore, It will include about various factors which havetheir impact on business such as internal and external.LO 1P1 Different types and purposes of organisation and their legal structure There are different types of organisation present in the economy such as public sector,private sector and voluntary sector which have their different purposes.Public sectorPublic sector company is regulated by the government. It provides services for thecitizens of the country. Public sector company provide various products and services to thepublic and are meant for the welfare of the citizens (Deasy and et.al., 2016). The goods andservices are provided by the government. Government provided various services relating toeducation, health, police services etc. This sector exist at national, regional, local levels. Purposeof public sector company is that it provide public services rather that making a profit. This sectorprovide subsidises products and services to the public. Public sector is funded with the taxationand government departmental funding. For example, National health service (NHS) is thebiggest public sector organisation in the world. NHS provide healthcare services to the UKcitizens and this organisation is funded by taxes. Public sector organisation are accountable tocentral and local government.Private sectorPrivate sector organisation are run by the individuals. This sector of the economy is establishedin order to make profit by providing various products and services to the customers. Thisorganisation are not regulated and controlled by the government (Prajogo, 2016). Private sector1
organisation consists of sole proprietors, partnerships, small and medium sizes businesses, largemultinationals, trade associations etc. the main purpose of this sector is to make profit by sellingtheir product in the market and increase their revenue. The purpose of this sector is to survive inthe market to grow their business and increase their profitability level. Marks & Spencer is theprivate sector organisation which is producing various products for increasing their profitabilitylevel. Legal structure of private company defines that the business is a separate entity from theowner.Voluntary sector The voluntary sector involve various social services undertaken by the organisation which areperforming their activities for society. This organisation are not controlled by the governmentand also they are non profit organisation (Hamilton and Webster, 2015). The main purpose ofthis sector is to create social impact rather than profit. Cancer trust in UK is providing voluntaryservices to the public. This organisation provide cancer treatment to public. There are three legalstructure used by voluntary organisation such as an unincorporated association, a trust and acompany limited by guarantee.P 2 Size and Scope of different types of OrganisationPublic sector organisation involve NHS which is the largest public sector organisation inthe world. This is organisation is the largest in the size and consist of various services which areprovided to the public . It is a non profit organisation performing its various activities for servingthe society. These are funded with the help of taxes collected from various sources. NHS providemedical treatment facilities, dental care and various other services. NHS main objective isimproving life of the public, commitment to quality for care, working together for patients etc(Hair And et.al., 2015.).NHS vision include improving the health and well-being of the people. Mission of the NHS is toprovide quality for care. Legal structure of NHS include the department of health and social carewhich is responsible for strategic leadership and funding for health and social care in England.Private sector organisation involve Marks & Spencer which is involved in retail businessand provide products and services relating to clothing , home products etc. Vision for marks andSpencer include that ton make the firm the leading producer in the world. Mission of Marks &Spencer involve providing customers with high quality services and different range of productsto its customers and its main objective its increase their market share and generate more profit.2
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