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Business and Business Environment of Marks & Spencer (M&S) : Report

   

Added on  2020-07-23

14 Pages4567 Words28 Views
Business andBusinessEnvironment

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Different type and purpose of organisations with their legal structure..................................1P2 Scope and size of different type of enterprises......................................................................4TASK 2............................................................................................................................................4P3 Relationship between various organisation functions and its link with structure andobjectives of firm........................................................................................................................4TASK 3............................................................................................................................................6P4 Positive and negative impact of macro environment on business.........................................6TASK 4............................................................................................................................................8P5 Internal and external analysis of organisation.......................................................................8P6 Interrelationship of strength and weakness with macro factors.............................................9CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12

INTRODUCTIONEnvironment in which an organisation execute its operation with the aim of earning profitis known as business environment. Number of elements exist in this which affect the activities offirm that's why it become more important for organisation to identify these factors and its impacton commercial activities (Chavis, Klapper and Love, 2011). This evaluation help businessmanagers in plan their activities and also assist them in formulate an effective business plan.Analysis of strategies adopted by rival of firm is also come under the study of businessenvironment. External factors of business environment create opportunities and threats for firmwhile internal factors help in define strengths and weakness of company. Basically businessenvironment is a mix of various complex components and elements and study of these helpmanagers in achieve effectiveness in commercial activities. Marks & Spencer (M&S) a bigretailer of food and home products is taken under this report for study. Presently firm isdelivering its services with more than 1433 stores. Various type of enterprises and their legalstructure is detailed under this report. Further different macro factors and its impact on businessand its activities is all cover in this report. TASK 1P1 Different type and purpose of organisations with their legal structureOne of the main objective of every business organisation is to generate more amount ofprofit by offer effective products and services to its customers. Number of department work in anenterprise and perform various kind of activities. Quality and size of activity largely affect by thesize of a company. Large business firms execute their operation on a big level whether smallorganisation execute same operations on a small level. Activities of a big enterprise are morecomplex and lengthy as compared with operations of small firm. Type of business enterprisescan be better understood by the following points:Public limited company: A company which regulated by government or whoseownership remains s in the hand of government is knows as public limited company.These type of organisations focus to deliver effective products to its clients in order tosatisfy their needs (Rankin, Windsor and Wahyuni, 2011). Shares are issued by thesefirms to raise funds for execute commercial activities. These type of companies inviteindividuals to buy shares. PLC is a word which these companies keep behind name ofthe firm. These type of organisation take suggestions or approval of their shareholders1

regarding any big decision about the company. TESCO is a public limited firm and legalstructure of a public limited firm can be understand by the points stated below: General government: this is further divided into following parts:Central government: This government is also knows as apex body of government whocontrol every issue of a nation. Collect taxes from business organisations and print moneycomes under the main duty of central government. State government: Activities of a particular state are regulated by this government.Various programmes and policies are formulate by this government to encourage highereducation of children. Local government: As the name suggest this government control and regulate theactivities of a small area and town (Commander and Svejnar, 2011). Small authority isgiven to this government to solve the local issues of a small town. Private company: Organisations which controlled by the private hands of individuals or groupsis knows a private organisation. Innovative and featured products is one of the main speciality ofthese companies which attract large number of customers towards their product. M&S is anexample of a private organisation who make and offer products as per the needs of its customers.Private firms are further divided into following parts:2

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