Business Environment Assignment : Marks & Spencer
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Added on 2020-09-17
Business Environment Assignment : Marks & Spencer
Added on 2020-09-17
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BUSINESSENVIRONMENT
Table of Contents1.0 INTRODUCTION.....................................................................................................................1TASK 1............................................................................................................................................12.0 & 3.0 Covered in PPT......................................................................................................1TASK 2............................................................................................................................................14.0 Relationship among various functions of organisation....................................................1D1 Analysis of complexities of various kinds business structure..........................................2M2 Disadvantages and advantages of interrelationship among different departments..........2TASK 3............................................................................................................................................35.0 & M3 Positive and negative impacts the macro environment on business......................3TASK 4............................................................................................................................................56.0 External and Internal analysis to identify weaknesses and strengths .............................57.0 & M4 Weaknesses and strengths interrelate with macro factors.....................................6D2 Impacts of micro and macro factors on business..............................................................7CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8.........................................................................................................................................................9
1.0 INTRODUCTIONBusiness environment refers to an environment which consists of external and internalfactors that can put their impact on the operations and business activities. External environmentincludes political, social, technological and economic. On the other hand, internal factors consistof customers, employees, competitors, etc. In the present study, Marks & Spencer has beenchosen to have in-depth understanding of concepts associated with business environment.Various types of organisations, their sizes and scope are discussed in this report. Also, therelationship among various functions of organisation and the way they all are linked with eachother is highlighted. Further, negative and positive impacts of macro environment on businessare studied here. Apart from that, interrelation of strengths and weaknesses with macro factors isshown in the report. TASK 12.0 & 3.0 Covered in PPTTASK 24.0 Relationship among various functions of organisationMarks & Spencer is a retail business enterprise and in this, various types of functions areworking together for achieving the common objectives of company. In this organisation, thereare Human Resource, finance, marketing and operations departments are working. They all arerelated with each other and work with supporting to each other (Aterido, Hallward-Driemeierand Pagés, 2011) It is the responsibility of manager of this company is to make coordination inall functions. Some functions of this company given below:Human resource- Its main work is to recruiting, training, payroll, motivation,performance appraisal of staff members. The HR manager implement all plans and policieswhich are introduced by top management. So, it is necessary to company to ire employees on thebasis of its structure. Like if size of firm is large then there will be need of recruiting moreemployees who can achieve its target properly. Like for doing the business related operationsand also activities in company, there will be the need of manpower. So, in context to this, humanresource department recruit the most capable person and provide them training so that they canwork well.1
Finance- Its main duty is to arrange an manage funds for business operations. So, thatother departments can do its work or business operations in a proper way. Like if the size andstructure of company is large, then there will be need of much finance and in case small, thenthere will not be need of much money for busies activities. This department work with the otherdepartment. For doing any marketing and production related activities, there will be therequirement of money. From this the marketing department can do its promotional activities inan effective and proper manner. Marketing- This function prepare a design of products and also a promotional strategy tointroducing products in market (Commander and Svejnar, 2011). If this function makes anattractive marketing strategy, then it will be good for development of business. This marketingdepartment works with the many other functions such as production, selling etc. The manager ofthis department guide all related function in context to increasing the productivity of company. Ifthe manufacturing department produce the goods according to the customers needs, then it willbe beneficial for company and the sales will be increased. Operations functions- Its purpose is to producing all products by formulating a goodplan. It is essential for operations manger is to do all the business operations in a proper manner.This function is related to the human resource. If the employees will work properly, then in thiscase they can do its business related operations in an effective and proper manner. If increasingtheir working efficiency, HR department gives the training to employees in an organisation. D1 Analysis of complexities of various kinds business structureThe structure of different types of sector is varied. The complexities are in the eachbusiness. Like some time in voluntary sector, there will be need of more funding. Because thissector is to take money from diseased people for their treatment (Gebauer, Paiola andEdvardsson, 2010). To achieving the objectives of company on proper time, it is necessary thatall departments are work together and also interrelated with each other.M2 Disadvantages and advantages of interrelationship among different departmentsIf each and every function of company will work together then it will be beneficial forcompany otherwise not. Like large business firm needs many employees for doing businessactivities and also needs more finance. So in context to this, Finance and HR department workfor this. Finance departments has to manage money for recruiting employees and also trainingand human resource has to hiring capable staff members. It is the advantage of interrelationship2
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