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Business and the Business Environment

To provide students with background knowledge and understanding of business, the functions of an organisation and the wider business environments in which organisations operate.

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Added on  2023-03-24

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This report discusses the impact of business environmental factors on Marks and Spencer, including the different types and purposes of various sector organizations, the link between different functional departments with M&S' objectives, and the positive and negative impacts of macro environment on M&S' business operations.

Business and the Business Environment

To provide students with background knowledge and understanding of business, the functions of an organisation and the wider business environments in which organisations operate.

   Added on 2023-03-24

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BUSINESS AND THE BUSINESS
ENVIRONMENT
Business and the Business Environment_1
TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................5
TASK 1............................................................................................................................................5
LO 1.................................................................................................................................................5
a) (P1) Different types and purposes and legal structures of various sector organizations.........5
b) (P2) Various size and scopes of different sector organizations...............................................7
M1) Relations of size and scopes of different sector companies with their objectives...............8
LO 2.................................................................................................................................................8
c) (P3) Link between different functional departments with M&S’ objectives..........................8
M2) Critical evaluation on organizational functions with organizational structures..................9
D1) Critical evaluation on different types of organizations’ structures and relations of
organizational functions.............................................................................................................10
TASK 2..........................................................................................................................................10
LO 3...............................................................................................................................................10
a) (P4) Positive and negative impacts of macro environment on business operations of M&S10
M3) PESTLE analysis on business activities on M&S.............................................................11
LO 4...............................................................................................................................................13
b) (P5) Internal and external analysis of M&S to analyse strength and weakness....................13
c) (P6) Significance of identifying strength and weakness with external macro environmental
factors........................................................................................................................................13
M4) SWOT analysis for M&S and its impact on business operations......................................14
D2) Influence of macro and micro factors on business objectives and decision making for
M&S..........................................................................................................................................15
CONCLUSION..............................................................................................................................15
REFERENCE................................................................................................................................17
Business and the Business Environment_2
Table 1SWOT analysis of M&S....................................................................................................13
Figure 1PESTLE analysis’ factors.................................................................................................11
Business and the Business Environment_3
INTRODUCTION
Business environmental factors impact on management systems of a company also
generate variety of ideas for further decisions. There are two kinds of environmental factors as
internal which are controllable while external as beyond control. The present report is based on
based on understanding impact of business environmental factors on Marks and Spencer. It is
private and retail sector organization of UK provides groceries, food items as well home
products to a million customers globally. In this regard, different sectors organisations as public,
private and voluntary can be discussed. Moreover, interrelations of various functional
departments with organizational structures can be identified. In addition to this, both SWOT and
PESTLE analysis for decision making regarding business operations of M&S are to be
recognized in this assignment. However, significance of analyzing environmental factors impact
on business performance of M&S is to be understood.
TASK 1
LO 1
a) (P1) Different types and purposes and legal structures of various sector organizations
There are different sectors in UK who operated businesses as; retail, manufacturing and
operations, information technology etc. On the basis of ownership, there are three sectors in
which businesses are operated as; public, private and voluntary (Hamilton and Webster, 2015).
All of these have are varying in size, scope, purposes and legal structures can be discussed as:
Public sector organisations:
For establishment and business operations for public sector entities, government
interference is identified (Bah and Fang, 2015). As, companies have to take approval from
country’s government and has to follow on its rules and regulations. In UK, public sector
oeganisations are as; Morrisons, Sainsbury, Tesco and so on. However, purposes and legal
structures of this sector entities are as:
Purposes
Business and the Business Environment_4

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