Business and Business Environment

Business and business
environment
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TABLE OF CONTENT
INTRODUCTION...........................................................................................................................3
LO2..................................................................................................................................................3
P3 Interrelationships within management functions....................................................................3
LO3..................................................................................................................................................5
P4 Positive and negative impact of Macro environment on operation of business.....................5
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8
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INTRODUCTION
Business and business environment can be understood as the parameters and avenues on
which companies establishes huge diversification based on various arenas for higher
sustainability targets. The global business environment is undergoing rapid change and
diversification for which, M&S being one of the biggest retail clothing brand highly focuses
towards maintaining strong balance between all management departments. Report explains the
interrelation of various management functions with each other and positive, negative impact of
focusing towards external environment where macro factors development are highly important
for company (Albertoni,Elia and Piscitello, 2017).
LO2
P3 Interrelationships within management functions
The organisation structure of M&S can be understood as highly dynamic and competitive
evolving culture where the objectives are highly connected with strong force of development
within internal and external forces. M&S company is globally recognised to bring innovative
products and services for customers worldwide with strong customers satisfaction through digital
marketing platforms, where internal management is highly effective to gain cooperation through
strong cooperation. Management functions within various departments are highly interconnected
with each other based on various parameters, where goals of company is highly structured for
gaining huge competitive edge among all global brands and companies. The interrelationship
with company business models can be understood as follows (Elia, Massini and Narula,2019).
 The interrelationship within production and research department of M&s can be
understood as one of the most vital function and highly focused towards reaching
innovative business development for higher profits on business revenues and goodwill
among consumers market share. Production department has role to focus on bringing best
performance standards among its outputs when focus is on gaining best technology and
resources for cost effective products. Research department has also foremost vital role to
search for best technology and innovative machinery to use for inputs within resources ,
so as to bring cost effective technology output with latest quality parameters among
various benchmarks set by M&S. The company production and research factors are
correlated with various segments being highly adaptive ton changing business world
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