Business Environment Analysis of M&S

Added on - 22 Nov 2020

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Business Environment1
Table of ContentsINTRODUCTION...........................................................................................................................4TASK 1............................................................................................................................................4Covered in PPT.......................................................................................................................4TASK 2............................................................................................................................................4P3 Interrelation between different organisational departments and their link to objectives. .4TASK 3............................................................................................................................................7P4 Impact of macro-environmental factors on business of an organisation...........................7TASK 4............................................................................................................................................8P5 Internal and external analysis of Marks & Spencer organisation......................................8P7Interrelation of Strength and weakness with external Macro factors.............11CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................122
INTRODUCTIONBusiness environment is refers as such platform where large number of organisations areestablished and performs their functions for earning profits and development of the communityas a whole. Running and managing of organisation is not easy task because many responsibilitiesare attached with their functions which are needed to achieve effectively for the benefit ofstakeholders and society (Agarwal, Grassl and Pahl, 2012). Those factors which are present inbusiness environment includes political, economical, social, technological, legal andenvironmental. All these factors and conditions are different in various nations. The majorimpact is ascertained by such organisations that are having their operations in many countries. Itis the obligation upon manager of organisation is to consider these factors while preparing theirplans. It improves the internal strength of organisation which provides opportunity to them is toexpand their operations through satisfy the needs of large people of society. M&S is retailorganisation operates functions in many nations (Aterido, Hallward-Driemeier and Pagés, 2011).The products provided by them include clothing, food and home products.In the present explain about, organisations of different types along with their objectives,scope and size of these type of companies and interrelationship between different types offunctions of organisation and their contribution in achievement of objectives. Also, PESTLEanalysis to ascertain the impact of different factors on organisational functions, SWOT analysisfor the purpose of identification of their strengths to grab the opportunities and relationship ofthe external factors with the strength and weaknesses.TASK 1Covered in PPTTASK 2P3 Interrelation between different organisational departments and their link to objectives3
Behind success of every business, the major responsibility is performed by itsdepartment. They perform various tasks in order to run an organisation in effective way.Generally, functions are all divisions are connected with each which can seen as without properresources which are provided by operational management, functions of whole enterprise cannotbe operated. Similarly, production sector manufacture products or services on which success andbrand image of a firm dependent as well as other division work for this department so that betteroutcomes can be obtained. In context with M&S, which is a retailer firm of UK, interconnectionof all departments can be examined as:-Operation Management:This department plays an important role in providing sufficientresources in a firm (Dahan and et.al., 2010). Operational managers in M&S performvarious functions in order to utilise the resources in a proper way. It includes rawmaterials, manpower, machines, capital and more. The major responsibility of thisdivision is to convert raw materials into finished products so that efficiencies ofproduction can be increased. So, without proper resources, other divisions like humanresource department, sales and marketing division etc. can perform their functions.Human resource department:This section is also as important as others in an enterprise.HR managers take various responsibilities in order to serve employees in other sections, designproper workplace, update skills and knowledge of staff members etc. It helps all departments of acompany in getting high skilled workforce through which they can get support of them in4
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