Business and Business Environment Assignment- Marks and Spencer
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Added on 2020-06-06
Business and Business Environment Assignment- Marks and Spencer
Added on 2020-06-06
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BUSINESS AND BUSINESSEVIRONMENT
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1PART 1............................................................................................................................................1P1 Purpose and legal structure of private, public and voluntary organisation.......................1P2 Size and scope of private, public and voluntary organisations.........................................3P3 The relationship between various functions within M&S for achieving organisationalmission and objectives............................................................................................................4PART 2............................................................................................................................................6P4 Positive and negative impact of macro environment on the operations of M&S.............6P5 Internal and external analysis i.e. PESTEL & SWOT Analysis of Marks and Spencer...7P6 Strengths and weaknesses of Marks and Spencer is interrelates with external macro factorsof Marks and Spencer...........................................................................................................10CONCLUSION..............................................................................................................................11REFRENCES.................................................................................................................................12
INTRODUCTIONBusiness is the commerce activity which provides goods and services to the public asper their needs and requirement. Business environment includes both internal and externalfactors that affects their operations including employees, customers, management, supply anddemand and business regulations. Marks and Spencer is a retail company of UK whichestablished in 1884 in Leeds by Michael Marks and Thomas Spencer. Their head quarter is inLondon, UK. It provides their retail services worldwide. Marks and Spencer sell cloths,home products and food products etc. This file consists of the purpose, size and scope ofMarks and Spencer. The functions performed by Marks and Spencer to achieve objectives. Italso includes the positive and negative impact of factors of macro environment on operationsof Marks and Spencer and their analysis by using PESTEL & SWOT model and also theirrelation with strengths and weaknesses of Marks and Spencer.PART 1P1 Purpose and legal structure of private, public and voluntary organisationPrivate organisation: Purpose: These are organisations in which group of persons join together to achieveobjectives of organisation. The main objective of private organisation is to earn profit. Withthe profit motive they also have a purpose to grow their business, to increase their marketshare and to survive in the huge competitive market with effective competitive policies. Morethan 51% share of such companies are owned by individuals. The private organisationincludes sole proprietorship firms, partnership firms, private companies, and franchises etc.For example, Marks and Spencer is one of the leading brand of UK and has 1433 storesworldwide and also have online stores. They provide high quality, own brand food, clothingand home products. Marks and Spencer established in 1884 by Michael marks and ThomasSpencer. These enterprises work for main motive to earn profits. (Commander, 2011). Theother objectives of Marks and Spencer is increase their share of market by producing wideranges of products, to expand their business, maximising sales etc. The finance can be raisedin private companies by selling shares, bank loans, government grants, etc.Legal structure: The sole proprietary firm can easily be formed, there is no complexpaperwork. Owner of sole proprietor firm have unlimited liability that means owner is1
responsible to pay all debts also from his personal assets. In partnership firm, there is deedwhich is prepared with the consent of all the partners. It forms a legal relationship betweenpartners. If The partners have unlimited liability they are responsible for debts. Marks andSpencer is a private company which have to be registered under Companies Act to conducttheir affairs. When they get registered they have to fill memorandum and article ofassociation.Public sector organisation: Purpose: These organisations work with a motive to provide essential services topublic and for optimum utilisation of resources for benefits of society. These organisationsare controlled by government. More than 51% shares of such companies are owned bygovernment. Public sector organisations in United Kingdom provided their services to publicat lower prices. This includes public corporations (controlled by central government) forexample BBC. It also includes statutory organisation controlled by local government forexample TFL. NHS England is also public organisation owned and controlled by both localand central government. Ii is a mass media company. It is founded in 1922 by John Reith.They provide broadcasting services, radio services and online services. The public companiesappoint chairpersons and board of directors to run the operations of companies on the behalfof governments (Aterido, 2011). These organisations receive government grants and alsoraise finance from public to perform their functions. Legal structure: The public companies are also had to get registered in stockexchange to trade and sell shares to public. It is controlled by government so it has lots oflegal paperwork. The name of public companies includes public limited company. The publiccompanies have to organize annual general meeting as per law(Adeoye, 2012). The dutiesand responsibilities are directors of public companies is given in companies act. The annualreport and statement of accounts is legal obligation.Voluntary organisations:Purpose: These are not fully owned by individual peoples. This is called non profitorganisations and owned by both government and individuals charities for example Oxfam isa non government company founded at Oxford England. It focuses on poverty eradication,disaster management, policies research, advocacy, etc. their Aim is to work with persons who2
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