Business and Business Environment of Marks and Spencer - Report
Added on 2020-06-06
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Business and businessenvironment
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Types and purpose of business organisation.....................................................................1P2 Size and scope of business organisations..........................................................................3TASK 2............................................................................................................................................3P3 Social relation among various institutional purpose, their link with framework andobjectives................................................................................................................................3TASK 3 ...........................................................................................................................................5P4) Positive and negative striking of macro surroundings on business concern firm............5TASK 4............................................................................................................................................6Covered in PPT.......................................................................................................................6CONCLUSION................................................................................................................................6REFERENCES ...............................................................................................................................8
INTRODUCTIONBusiness environment is an intermixture of those aspects which can hamper overallorganisation in direct or indirect manner. These factors can be internal and external. In thisperspective, managers have to analyse these elements which will put a huge impact on growthand success of corporate association (Bryman and Bell, 2015). The present assignment is basedupon Mark and Spencer; it is one of greatest retailer seller which deals in clothing, grocery,luxury and home products. The overall revenue of the firm is £10,622 million. The primeobjective of Mark and Spencer is to achieve customers' interest by providing them qualitativeproducts and services. Apart from this, the report will be defined types, purpose, size and scopeof business organisations. Later, it will explain how organisational structure is interlinked withits goals and objectives. SWOT and PESTLE analysis is conducted on the basis of internal andexternal analysis. TASK 1P1 Types and purpose of business organisationIn this modern era, there are different types of business organisations which deals invarious activities and operations. On the basis of working activities, these associations areclassified into three categories, such as- public, private and voluntary sector. Public sector – Public sector organisations, plays an imperative role in growth andsuccess in an economy. It promotes balanced regional development in a country. In UK,there are several public sector organisations which helps in providing job opportunities topeople in order to improve their living standard. It is owned and controlled by publicauthorities, i.e. central, state and local government to the extend of 50% or more(Casadesus-Masanell and Ricart, J2010). The products and services of public sectororganisations are tax free and easy to use. For example- Mark and Spencer is one of thepublic sector company; it was founded in 1884. The firm has currently 979 stores in allover the world in which 600 sells food items. The firm is listed on the London stockexchange. Purpose – The main purpose of the company is to generate high profit and sales bydelivering qualitative and value added products to customers. Apart from this, Mark and Spencer1
is also focused on providing training and development to its employees in order to gain higherproductivity and performance level. Legal structure – The firm follows matrix organisational structure. It is grid likeorganisational framework that allows firm to identify multiple business dimension by using in aneffective command structure (Chavis, Klapper and Love, 2011). The CEO of the company isliable to take all important decision or conclusions. Private sector – It involves those organisations which are owned and controlled byindividuals as well as group of people. There is no involvement of any government. Inprivate business entities, only managers are capable to take all important decisions. InUK, there are different private organisation who are able to provide well qualitative andvalue added products to customers. Basically, the main aim of these companies to attainand retain customers for long term period. For example- Starbucks is considered asprivate business organisation; it is an American coffee brand. As per recent data, the firmis operating around 24000 over the world. Starbucks was established in 1971 and now itsoverall revenue is $19.16 billion. Purpose – The working activities of Starbucks are tend towards providing highersatisfaction level to customers. In this perspective, the firm is trying to improve the quality ofcoffee; it also has been opened several restaurants at local places in order to attain and retaincustomers for long time of span. Legal structure – The firm is following divisional organisational structure, it classify thefunctional areas of the company into different divisions. Each unit is equipped with its ownresources. Voluntary sector – It refers those units which works for social welfare and services.Voluntary sector is also known as third party organisations which is funded by publicfunds (Chesbrough, 2010). NHS is one the largest social service sector; it deals inproviding health services to people as they can live better live. Purpose – The main purpose of the voluntary sectors is to serve better to societies fortheir growth and development. Legal structure – There is no specific legal structure for voluntary organisation; it isdepended upon the size of the company. In addition, volunteers, trustees and other people areliable to take any important decision.2
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