Report on Purpose of Private and Piblic Organization : Marks and Spencer
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Added on 2020-06-06
Report on Purpose of Private and Piblic Organization : Marks and Spencer
Added on 2020-06-06
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BUSINESS AND BUSINESSENVIRONMENT
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1. The purpose of private (M&S), public and voluntary organisation and their legal structure......................................................................................................................................................3P2. Scope of private (M&S), public and voluntary organization...............................................4P3. Find out the relationship between the various functions within M&S for achieving theorganisational mission and objectives.........................................................................................7TASK 2............................................................................................................................................8P4- Identify the positive and negative impacts the macro environment will have upon thebusiness operations of M&S.......................................................................................................8P5. Conduct internal and external analysis i.e. pestle and SWOT model to identify strengthsand weaknesses of M&S...........................................................................................................10P6. Using M&S as your example, explain how strengths and weaknesses interrelate withexternal macro factors...............................................................................................................14CONCLUSION..............................................................................................................................14REFERENCES..............................................................................................................................15
INTRODUCTIONMarks & Spencer is a British multinational retailer. .present report is based on Marks &Spencer which is the leading store in the world. It is UK based company with 1433 stores aroundthe world. They provide different services with online serving high quality, own-brand food andclothing and home products. Company needs to identify all factors which affect internally andexternally. Customers. Report will include purpose of private, public organizations. Furthermore,study will explain strengths and weakness of the organization and its interrelationship withmacro factors. TASK 1P1. The purpose of private (M&S), public and voluntary organisation and their legal structure.Private company:A private company is private ownership. In it they have liability towards theirshareholders, investors etc. a private company always have some names. In private sectorminimum 2 and maximum 200 employees. This rules as per company act 2013.A private company always have some directors. The minimum no. of directors is 2. Itwill be increase as per condition. In it liability are minimum toward customers, shareholders,investors etc. Marks and Spencer is operating its business as private organization (Berman andet.al., 2009).Purpose The private sector is the part of a country's economic system that is run by individualsand companies, rather than the government. Profit maximisation or profit growth is the primaryaim of most private sector organisational. Private sector organisations are generally funded byown resources. Similarly, the Marks and Spencer main purpose is to providing quality productsand services with competitive price and also the company would like to become a sustainable,international, multi-channel retailer in the world. Legal structure of private companyIn UK, mostly private company legal structure are follows some rules. Rules are explainedhere. Every private organization at least one director. Number of directors are dependedupon company structure. It may be increase and decrease as per requirement. Privatecompany does not compulsory to have company secretary. Sometimes board of directors
play role of company secretary (Capon, 2009). It is depended or corporation body oforganization. Private company issue share to their costumer.A shareholder also known as part of company members. Private company can be issue share aschoice means there are no limits of issuing share. Shareholders are residents of any country inthe world. Public CompanyA public company run by local people (public), invest by public (equity/debt.). In apublic company ownership is shared between the shareholder including board of managementand public shareholder.PurposeThe public sector is usually composed of organizations that are owned and operated bythe government. In it some main reason are (a) to gain control of the commanding heights of theeconomy, (b) to promote critical development in terms of social gain or strategic value ratherthan on consideration of profit, and (c) to provide commercial surplus with which to financefurther economic development (Cheng and et .al., 2007). The main contributions of publicenterprises to the country's economy. It's also helps to generate employment in public sectors. Ithelps to filling the gap between rich and poor. With help of these we can make stability in theeconomy.Legal structure of public company:Public In company minimum 2 boards of director’s compulsory and maximum 12.The board of directors are elected annually by shareholder of the company. In public sectorCompany, the advantage of owning a private limited company is that the financial liability ofshareholders is limited to their shares. (monetary/non-monetary). Public company have at least 7member’s minimum and maximum number are not limited Company directors numbersdepended upon how much shareholding existing Directors have in company (Fernando, 2011). Inpublic company if a shareholder died or any board of directors died, company cannot close. Theduty of directors are transferred to other person and the new board of directors are elected byshareholder. Public company strictly regulated by laws. It is compulsory to declare annual reportto shareholder. It shows true financial position of any company (European commission. 2010).M&S organisational structure has less number of management levels between upper level andlower level. This structure is followed in the organisation to make decision making process. It is
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