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Business and Business Environment of Mark and Spencer : Report

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Added on  2020-06-06

Business and Business Environment of Mark and Spencer : Report

   Added on 2020-06-06

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Business and Business Environment of Mark and Spencer : Report_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Different types and purpose of firms.................................................................................1P2. Size and Scope of different range of organisations..........................................................2M1 structure, size and scope of different firm linked with other business objectives...........3TASK 2............................................................................................................................................4P3. Explain the relationship between different organisational functions...............................4M2 Advantages and disadvantages of interrelationship.........................................................5TASK 3............................................................................................................................................5P4. Positive and negative effect of macro environment on business.....................................5M3. PESTLE analysis of Marks and Spencer........................................................................7P5. Internal and external analysis of Marks and Spencer.......................................................8M4 SWOT analysis of M&S..................................................................................................9P6. Interrelation of strength and weaknesses with external factors......................................10CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
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Business and Business Environment of Mark and Spencer : Report_3
INTRODUCTIONBusiness is an organisational and legal entity comprises of group or association of peoplewho have a common purpose. They work under the legal framework while focusing on varioustalents that help to achieve their objectives. Business environment is considered as thesurrounding in which company operates. It comprises of both internal as well as external factors.This environment has positive as well as negative impact on the performance of the firmswhether they belong to any sector. In order to increase the productivity of the firm it is importantto understand the influence of environment on the operations of the firm at present and in thecoming future. Marks and Spencer plc is a major British multinational company headquartered inLondon that is chosen in the present report. Here, various internal and external factors that affectthe business environment are discussed. Different types of organisations, their size and scope arealso explained.TASK 1P1 Different types and purpose of firmsThere are several types of organisation that are operational in U.K. i.e. public, private,voluntary. They are categorised under the purpose for which they had set up themselves. Theseare operational in different kind of sector namely primary secondary and tertiary. There areseveral types of firm like profit, non profit, multinational corporations, franchises etc. Private sector firmsPrivate sector company are those which is operating its business for the purpose ofmaking maximum profit from its activities. These organisations have different kind of legalstructures that follows which depends on the jurisdiction in which they have their legal domicile.In this individual can conduct their operations without necessarily be part of an firm. There arethree types of private sectors companies like sole traders, partnership, Franchise (very commonin U.K.). Their prime concern is to add more number of stakeholders with them. So they can behelped at the time of their need apart from this they are also in need of stock. They do not servein the public interest and all the profit is shared among very few shareholders. Which makes itvery less liquid and the value of business is harder to get determined. Private sector companieshave highly oriented organisational structure and very few people are responsible for making1
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