Business and The Business Environment - Marks Spencers
Added on 2020-07-22
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Business And the BusinessEnvironment
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Aim of private, public and voluntary organisation and legal structure..................................1P2 Size and scope of private, public and voluntary administration............................................2TASK 2............................................................................................................................................4P3 Relation between certain functions of the organisation and its objectives............................4P4 Positive and negative impact of macro environment on business operations........................6P5 SWOT analysis of Marks and Spencer..................................................................................7P6 Interrelate with strength and weaknesses with external factors.............................................8CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
INTRODUCTIONIn an organisation, business environment should be analysed for identifying external andinternal factors which help in smooth running of business operations. There are many workerswho assist in achieving company target goals and objectives in an efficient manner. A firmmanagers always look on each activity and functions of an employees and motivate them todoing maximum work for growth and success of an organisation. In business organisation thereare some key persons such as sellers, customers, manufacturers, producer, sales managers,marketers, management people etc (Commander and Svejnar, 2011). At that respect, there aredifferent forms of enterprise who have their own motive and purpose which need to be fulfilledin any manner. Such organisation are public, private and voluntary sectors. Marks Spencers is anmultinational organisation which headquarter is situated in London. Their products such as homeitems, luxury food, clothing etc. It has approx. 1433 stores in around the world. The primarypurpose of this report is to understand different kinds of organisation scenario that includesMarks & Spencer, Tesco and Oxfam. TASK 1P1 Aim of private, public and voluntary organisation and legal structurePrivate organisation- It is run by individuals not by government. These organisations runwith a purpose of making profit. This type of firm may issue stocks and shares but their share donot trade on public dealing. Business comes from stockholder, borrowers and preserved income.Any profits are usually distributed to shareholders in the form of dividends, apart from profitsmaintained in the enterprise as working capital. Rules and regulations are maintained by thecompany's owner (Cordes, Richerson and Schwesinger, 2010). Organizations in the privatesector sometimes choose to partner with a government body in apublic-private partnershiptojointly deliver a service or business venture to a community. Marks and Spencer's is a privatelimited company.Legal structure of private organisationsSole Trader : A person who runs an unorganized company or business on his or her own.He is personally liable for the debts of the business, but also owns all the profits.Partnership : It is an organisation of two or more people which settled for the aim ofcarrying on a business. Therefore partners are liable for any debt of the business.1
Normally partners share equally in profit or according to ratio mentioned in therepartnership deed.Public organisation-NHS is a public organisation which is situated in England, Scotlandand Wales. It is owned and operated by the government. It is a non-profit organisation (Cronanand et. al., 2011). It exists for providing services to their countries citizens. It stands for NationalHealth Services (NHS) which provide health services to their people. There are approx. 1.6million people whop works for achieving set goals and objectives of company. Its annualbudgets is almost 136.7 billion. Legal structure of public organisations :1.It is a limited liability company whose shares may be freely sold and traded to the public, with a minimum share capital of £80,000. 2.Public limited company requires a minimum of 4 directors and two secretory. 3.It can be either listed or unlisted company for stock exchange.Voluntary organisation- Welcome Trust is a voluntary organisation. It is the secondlargest charitable foundation in the world and co-founder of Human Genome Project is dedicatedto medical research and new drug discoveries This type of organisation have a group ofindividuals who enter into an agreement to accomplish a non-commercial purpose such as club,society, local group or community association (De Jonge, 2011). It's aim is to benefit and enrichsociety, often without profit as a motive and with little or no government intervention. It can alsomake profit but the money raised or earned by an organization in the voluntary sector is usuallyinvested back into the community or the organization itself. It aims to create social wealthinstead of material wealth. It is often suitable for small scale activities which do not involveemploying staff and leasing premises.1.It is governed on its own rules.2.If it is charitable it will be subject to charity law so it must be approved by OSCR.P2 Size and scope of private, public and voluntary administrationMarks and Spencer- This is one of the leading merchandised firm in UK and they havevarious kinds of commodities such as domestic products, clothing and luxury food items. Theyhave approximately 959 stores in UK and among these mainly 615 stores are only sale foodproducts. In 1998, Marks and Spencer get the first retailer company which earn almost 1billionprofit. Their global market is analysed for looking where they can invest the money for regular2
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