Business Environment of Marks and Spencer - Report
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Added on 2020-06-04
Business Environment of Marks and Spencer - Report
Added on 2020-06-04
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Business and the BusinessEnvironment
Table of ContentsINTRODUCTION...........................................................................................................................................3TASK 1..........................................................................................................................................................3P1 Various types and purpose of private, public and voluntary organization..........................................3P2 Size and scope of different various range of firm...............................................................................4TASK 2..........................................................................................................................................................5P3 Relationship between different organisation functions......................................................................5TASK 3..........................................................................................................................................................6P 4 Positive and negative impacts of macro factors ................................................................................7TASK 4..........................................................................................................................................................8P 5 Internal & external analysis of Marks & Spencer...............................................................................8P6 Interrelation of strengths and weaknesses with external macro factors ...........................................9CONCLUSION.............................................................................................................................................10REFERENCES ..............................................................................................................................................11
INTRODUCTIONBusiness environment is that specific term which is used for analyzing and examiningmajor impact of internal and external factors on business operations. It is generally operating andmanages their business for getting opportunities for business organization (Chesbrough, 2010).Such type of environment directly impacts on business procedures and mainly affected byorganizational functions. This will help in gathering ventures and factors have been control ofbusiness operations. This type of aspects which directly effect on profitability, growth andproductivity of an organization. These kinds of changes operated in operational and functionalactivities. With the help of this, organization management help in making and developingappropriate strategies and policies which impact on environment changes in easy manner. Thereport is based on Marks and Spencer which is retailing company and it is situated in UnitedKingdom. This enterprise provides various selling of clothing, home products and luxury fooditems. The main aim of this organization is to analyze the different organization and its scope orsize. It is also discussing about micro and macro environmental which directly effect on decisionmaking process of an organization. TASK 1P1 Various types and purpose of private, public and voluntary organizationIn an organization, each and every firm is divided into three different sectors such asprivate, public and voluntary. Such kind of firm are operated and owned by various governmentsto work for specific goals and objectives. The major difference between them for doing theirworking and legal structure which classify as per their own vision and mission. Public sector- Such type of organization is providing their own contribution in economygrowth and public welfare. Along with this, public sector is doing working under governmentand public authorities for supplying their effective facilities to their people. Such organisation ismanaged and controlled by state and financial commercial firms which are working under publicownership and operate business issues and problems. For example, Marks and Spencer is theprivate company which provides different type of goods and services to their desired customers. Purpose- Private Sector organisation is very different for public sector because the main aim ofthis company is to earn high profitability and make money for future success and growth. Legal structure- The private sector is controlled and operated by private bodies, partners andindividual for fulfilling all desired goals and objectives. Public sector- Such type of organisation is providing their own contribution in growth ofeconomy and public welfare. Public industry is doing work under authority and publicgovernment for delivery effective services to their potential customers. Such organisation isoperated and controlled by state and central government of the country. Along with this, publicindustry company are owned and regulated on commercial base. For example, H&M is the
multinational clothing retailing company which is known as fast fashion clothing men, women,teenagers and children. Hennas and Mauritz and their associated organisation which operate in62 countries in all over the world. Purpose- The main purpose of this firm is to make and create particular control and command oneconomic growth and also provide social care services to all legal government. Legal structure- Public sector organisation is doing work under local and state authorities of thenation. The audit commission increasing their structure with tax policies, financial growth andgovernment finding. Voluntary sector- voluntary industry is work for providing social care to their people.Such type of firm is creating and make their full focused that are related to non-profit services.For example, Welcome trust is voluntary sector which provide specify services to the needyperson. Purpose- The main aim of this organisation is to provide social care facilities for each and everyperson. Welcome trust working for social care services. Legal structure- Such kind of firm are generally operated and owned by government authoritiesand provide their services for society welfare. P2 Size and scope of different various range of firmIn an organisation, each and every company establishes their personal objectives andgoals. With the help of this, they manage and maintain their size and structure for achieving themin easy manner. Public, private and voluntary sector are very different from each other and theyoffer various type of facilities of an individual. Such kind of organisation that are establishedwith their particular goals and objectives. Size and scope of such organisation that are as follows:Public sector- this kind of enterprise are generally establishing for giving their accurateservices and facilities for economy and person development in proper manner. For this theycreate and make appropriate modification in firm size and scope for giving services for each andevery one. This organisation has large structure then private authorities because governmentprovides their personal contributing their firm. For example, size and structure of auditcommission is crucial then other firm. Shareholders- Public sector organisation are generally working under local and state authoritiesof the nation. Along with this, audit commission was working under domestic governmentfinance Act 1982. The major government on Marks and Spencer which are based on legalbodies. Scope- Public sector enterprise has high variety of scope who are developing and makingaccurate control on various firm. Audit commission also Public sector companies which work for
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