Business Environment of Marks & Spencer

Added on - 21 Feb 2021

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Business and theBusiness Environment
Table of ContentsINTRODUCTION...........................................................................................................................1PART 1............................................................................................................................................11. Introducing the different types of organizations and the growth of the internationalbusiness environment.............................................................................................................12. Explaining the organizations including the background of the organizations along with theirsize and scope of the organizations........................................................................................33. Different business functions by using the business chart to show how these functionsinterlinked with advantages or disadvantages........................................................................6PAET 2.............................................................................................................................................81. Explains PESTLE analysis and identify the various macro environmental factors that havean impact................................................................................................................................8PESTLE analysis of Marks & Spencer..................................................................................82. SWOT TOWS analysis both organizations to identify the key strength and weaknesses.103. Critical reflection of key findings and evaluate how they influence their decision makingprocess..................................................................................................................................11CONCLUSION.............................................................................................................................12REFERENCES..............................................................................................................................14
INTRODUCTIONBusiness environment is a sum of collection of all internal and external factors such asemployees, customers needs and expectations, suppliers owners, market trends, economicchanges etc. All such factors affect the business functions directly or indirectly. In other wordsbusiness environment factors also influences the companies environment or situations.However, Business environment is enable to identify new opportunities, tapping useful resourcesand assisting in planning and improves the overall performance, growth. Present study will bebase on business environment of Marks & Spencer which is a multinational consumer goodscompany situated in London and across the world. Marks & Spencer has divides its products intofour segments beauty products, home furnishing, Wine and food & Beverages. Furthermore, thestudy will explains different types of organizations along with the growth of the internationalbusiness environment. Study also outline the products and services these organizations providesalong with the size and scope of the organizations. It also explains the SWOT and TOWSanalysis to both organisational to identify their key strength and weaknesses.M&S is the leading multinational supermarket situated in across the different countries,with over 1380 stores around the world. M&S delivers their own brands of food, clothing andhome products in its stores and online both in the UK or across the globe. M&s also deals withthe products women wear, lingerie, menswear, kids wear and beauty products. M&S is knownfor its quality services and products that makes the better services and growth in order to meetout the best growing development goals.PART 11. Introducing the different types of organizations and the growth of the international businessenvironment.Private Organizations :Private sector companies are those organizations which run bythe individuals and companies for profit and is not state controlled. Therefore, such companiesare not regulated by the government. Private organizations refers to the person, partnership,corporation association (Gaganis, Pasiouras and Voulgari, 2019). However, the privateorganizations increases the competition in domestic markets and introduces new opportunities toForeign markets. Global business increases the opportunities for innovation and efficient in theiruse of resources. For example of Unilever. It is the UK based private organizations which is asupermarket company deals with beauty products, home furnishing, Wine and food &1
Beverages etc. Marks & Spencers also a international or global company which almost situatedin more than 190 countries.Legal Structure of Private sector organizations are relies on the business owner. Theyformed their own rules and regulations. In other words, private company needs to follow thearticle of association in order to maintained the good image in front of the government.Public Organizations :Public sector organizations is the organizations which iscontrolled by the government. The public sector companies includes controllable power ofgovernment as well as a local government bodies. The public sector includes the nationaloperated companies such as British petroleum which is a national company across the UK. thebasic function or aim of the these companies are not profit making. Public organizations operatethe overall function and lead the customer interest. In order to motivate the organisationalchallenging growth (Hamilton and Webster, 2018). It also requires the best growing material taskin order to build up the best approach to get the higher satisfaction level. Funding of theseorganisations are taken by the public in the form of tax, fees or by financial transfers. However,the legal structure of the public sector organization is controlled by the government and withoutthe permission of the government company cannot set the product prices and goals. Also, Publicorganisations are allow to issue its company share with the public.Voluntary Organizations:Voluntary organization is a generic term which is generallyused for the specific type of organizations with some special purposes. In other words, voluntaryorganisations are also called social organizations which main objective is to focus on the socialwelfare of the society. It also helps to define the long lasting work outcomes and manage thework accordingly. It also helps to build up the new managing goals and objectives into morepreferable manner. The main objective of a non-profit organization is something other thanearning profit for its owners. More recent scholarship has focused on the positive attitudes ofnon profits organizations. Voluntary organisation collects their fun by taking the charity ordonation from the big organizations (Hillary, ed., 2017). Also these kinds of organizations arenot normally create a direct revenue stream which is remain dependent on other sectors forfinancial resources. For example : Red Cross this is the global company which spread across theworld and provides the awareness among the society development.International business is the international process to operate the business activitiesglobally. International growth of the business creates the competitive environment around the2
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