Business and Business Environment of Marks and Spencer : Assignment
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Added on 2020-06-05
Business and Business Environment of Marks and Spencer : Assignment
Added on 2020-06-05
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TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1LO1: Explain the different types, size and scope of organisations..................................................1LO2: Demonstrate the interrelationship of the various functions within an organisation and howthey link to organisational structure.................................................................................................1a) Different types and purpose of organisation (P1).............................................................1b) Size, scope and range of different organisation (P2).........................................................2c) Relations between organisational functions and linking them to objectives and structure(P3).........................................................................................................................................3LO3: Use of contemporary examples to demonstrate both the positive and negativeinfluence/impact the macro environment has on business operations.............................................5a) PESTLE for Marks and Spencer (P4)................................................................................5b) Internal and external analysis of the organisation (P5)......................................................7C) Interrelation of strengths and weaknesses with external environment (P6)......................8CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
INTRODUCTIONBusiness can be defined as the economic activity which focuses on earning profit throughexchange of goods and services. A business can be categorised on the basis of structure, size andscope. A business environment is the ecosystem in which business operates. The ecosystemconsists of various factors which can be categorised into external as well as internals that affectthe functions of the business. This assignment focuses on various types of organisation on thebasis of their objectives, size and scale of operations. The effect of the macro environment willbe taken into consideration (Björklund, 2011). The assignment focuses on Marks and Spencer, aleading retailer of United Kingdom. The strengths and weaknesses will be identified and theirinterrelationship with the external environment will be done. LO1: Explain the different types, size and scope of organisationsLO2: Demonstrate the interrelationship of the various functions within an organisation and howthey link to organisational structure a) Different types and purpose of organisation (P1)Private SectorPrivate sector organisations are owned by private individuals or corporations. There is nointerference of the state in the matters of the business. The sole objective of the company is toearn profits and yield revenue. The secondary objective of the private organisations is to increasethe market share or growth of the company.Marks and Spencer is one of the leading private retail chain in country. The companyfocuses on selling clothes, food products and home products. The profits of the company in 2017was 115.7 million euros. The company operates in 959 stores throughout the country. The legaldefinition of the company states it as a profit corporation. Which means the company’s sharesare available for public purchasing with limited liability for the purpose of raising capital andachieving economies of scale (Bryman and Bell, 2015). Prime example can be health servicesand education. These are funded by the amount which is paid in the form of taxes to stategovernment.Voluntary OrganisationThese organisations can also be defined as the common-interest association or society. Inthese organisations, a group of people come together and forms an agreement for a definedpurpose. The people who come together have a mutual interest or a goal. For instance, the people1
who form an association have something in common. Trade unions are example of voluntaryassociation in which people who come together wishes to enhance their bargaining skills andpromote common interest. The examples of the same can be trade unions, societies andenvironmental groups. These organisations can be further categorized into corporate and unicorporate. “World Vision” is one of the biggest charity organisation for children in the country. Theorganisation operates on a global scale and focusing on eradicating poverty of children living infear. Sole objective of such organisation is to cater to needs of children in under developednations without having any profit motive. The legal definition of the company states it asreligious non-profit organisation. Public SectorThese are the companies which are owned and managed by the government. Theseorganisations are operated by government and exists to provide service to its citizens. Mainobjectives of public-sector enterprises are to provide public services irrespective of their socialand economic status (Cuervo‐Cazurra, 2011). Public sector does not focus on generation ofprofits which is in the case of private companies. people have seen a substantial rise in the publicsector. Range of services it includes are governmental services, including infrastructure andpublic transportation and health and safety facilities.The British Broadcasting Corporation(BBC) is public service broadcaster in London. Thecompany was formed in 1920 and employs around 20,916world wide. This organisation isowned by central government and its operations are funded with the amount raised by televisionlicensing in the United Kingdom. The organisation is managed and funded by the Royal charterin its legal structure.b) Size, scope and range of different organisation (P2)Marks and SpencerMarks and Spencer shortened as M&S is a multinational retail chain. Its major operationsinclude clothing and food retailing. Range of the products include selling of clothing, homeproducts and food products (Drucker, 2017). Recently product range expanded when companybegan selling Kellogg Corn flakes which is one of the largest consumed product in the country.Domestic stores are 959 in number and its emphasis is on selling of food which constitutesapproximately 60% of the total stores. The company operates at international level and have2
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