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Business and Business Environment of Marks and Spencer Assignment

   

Added on  2020-12-29

14 Pages4137 Words215 Views
Business and BusinessEnvironment

Table of ContentsINTRODUCTION ......................................................................................................................................3TASK 1.......................................................................................................................................................3P1 Different types and purpose of organizations ...................................................................................3P2 Size and scope of a range of different type of organizations..............................................................4TASK 2.......................................................................................................................................................6P3 Relationship between different organizational functions and their link to organizational objectives and structure ..........................................................................................................................................6TASK 3.......................................................................................................................................................7P4 Positive and negative impacts the macro environment has on business operations ..........................7TASK 4.......................................................................................................................................................9P5 Internal and external analysis of organizations in order to identify strength and weakness .............9P6 Strengths and weakness interrelated with external macro factors for the company ........................10CONCLUSION.........................................................................................................................................11REFERENCE............................................................................................................................................12Books and Journals...............................................................................................................................12

INTRODUCTION It is an effect of all internal and external factors which influence the business. It shouldkeep in mind that both the internal and external factors of business affect each other. There aredifferent types of organizations in which some of them are: Public, Private and Voluntary(NGO’s). The private organizations have its stake in private hands, public organizations have itsstake in government and the voluntary organization doesn’t have any business purpose.Although, it can be in the hands of public or private (Botha, Kourie and Snyman, 2014). All ofthe organizations contribute to the world economy and hence contribute to the growth ofinternational business environment. The effect of these organizations in business environment isdiscussed here:TASK 1P1 Different types and purpose of organizations Private: In private sector organization here, Marks and Spencer is taken into consideration. It is aretailer in United Kingdom and headquartered in London, with over 1380 stores around theworld. It operates ion two segments: UK and Internationally. The UK segment includes the UKretail business and the international business includes of Marks and Spencer’s own business inIreland, Europe and Asia. It deliver its own food brand, clothing and home products in its storesand online. It delivers its products in UK and internationally. The company servesapproximately 300 full-line stores and websites, M&S.com. M&S follows a flat organizational structure; this type of structure has a limited number ofmanagement between the higher and the lower authorities. This structure is followed byorganizations to develop decision-making power to the employees. The company communicateswith its stakeholders like customers, community, government and etc. This communication isvery much requires attention because these external factors are the dependency of the company.Public:In public sector organization here, Bank of England is taken into consideration. It is theapex bank of United Kingdom and headquartered in London. It is the bank on which most of thecentral bank’s structure is based. It is established in 1694 having world’s eight oldest bank. Itwas nationalized in 1946. It became an independent public organization in 1998 holding all the

stakes by treasury solicitor. It also regulates the issue of bank notes in Scotland and northernIreland. The bank has the responsibility of maintaining the monetary policy.Voluntary: In the voluntary organizations here, Save The Children is taken into consideration. It is aninternational non government organization which is regulating in developing countries. Itpromotes itself in protecting children’s rights, providing help and support to the children who arein trouble. To become the emergency response agency worldwide by improving response capacity so thatthey can deliver their best (Deasy and et. al., 2016)P2 Size and scope of a range of different type of organizationsPublic: Bank has the power of giving orders to committee, if the action will be in the interest ofthe community but thus orders must have been signed by the parliament within 28 days. As acentral bank, it does not allow the consumers to open any type of account in it (Hair and et.al.,2015). But it allows the consumers to change their bank notes if they were torn. The bank ismainly dealing in two sectors of which Monetary Policy and asset purchase facility. Monetarypolicy has some specific purposes such as confidence in the currency and price stability. Apartfrom that, the bank also responsible for inflation and different types of rates of interest for thepublic and the industries. The bank acts as the bank of government and it also maintain theconsolidated fund of government. It also manages the country’s foreign exchanges and the goldreserves. It also acts as the bank of the banks, lender to the last resort. The mission of the bank isto promote the good of the people by maintaining the monetary and the financial stability. Thebank is viewing in the aim of maintaining the stability of currency and the monetary policy andregulating the other banks. The legal structure of the bank is bureaucratic. This structure followshow a single person is responsible for regulating an organization. That is what exactly happenedto the bank. The stake holders of the bank are the government and the bank itself.Legal structure of public sector: There are three governments to which public organization are accountable viz centralgovernment, state government, and local government.Central government is the head and single government which operates the wholecountry.

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