Business Environment in Marks & Spencer (pdf)
Added on 2021-01-01
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Business DevelopmentProfessional Development
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BUSINESS ENVIRONMENT
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1 Different types and purposes of organisations.......................................................................3P2 Size and scope of various kind of firms.................................................................................5TASK 2............................................................................................................................................6P3 Relationship between organisational functions and their link with objectives......................6TASK 3............................................................................................................................................8P4 Positive and negative impact of macro environment on business operations........................8TASK 4..........................................................................................................................................10P5 Internal and external analysis of Marks and Spencer..........................................................10P6 Interrelation of Strength and weakness with external Macro factors..................................11CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................13
INTRODUCTIONBusiness environment is referred to the combination of internal and external factors thatcan pose negative and positive effect on the company's operations. It also presents company withopportunities as well as threats. Manager of an organisation identifies the environmentconditions and take necessary steps to get through it and maintain stability of company. Priorknowledge of external environment helps enterprise to cope up with upcoming changes. Marksand Spencer is one of the leading multinational retailer which was established in 1884. it isheadquartered in London, United Kingdom (Burns and Winter, 2011). They are specialized inselling clothes, home products, food items, etc. M & S is an private limited company. Thisassignment focuses on different types and purposes of organisation like, public, private andvoluntary sector with its scopes and sizes. It will also enlighten relationship between differentorganisational functions and positive and negative impact the macro environment has onbusiness operations. In addition to this, analysis of internal and external factor has beenperformed and at the end their interrelation between them is also given. TASK 1P1 Different types and purposes of organisationsEvery organisation is working in different sectors like private, public and voluntarysectors. Private organisation are those which is governed or controlled by individual body orgroup of individuals. Their main aim is to earn money and extract maximum profits out ofdifferent opportunities. Examples of this sector are franchise, companies, partnership and soletraders. Public organisation are those which is governed by local, state or regional, central andnational government (Chow and et. al., 2011). Their main aim is to serve people of the nation.They serves critical service such as police protection, fire fighting, urban planning, taxation,homeland security, various social programs, etc. They uses resources for welfare of society. Atthe end, voluntary sector are also referred as non profit organisation which provide help to poorand needy people by offering them different services. It is also known as third sector of society. Public sector: This area consist those organisation which are mainly concerned withproviding services to people such as military, police, infrastructure (public, roads, bridges, watersupply, etc.), public transportation, education, health care, etc. Enterprise involved in publicsectors are owned by government officials and funded mainly through taxations and financial
transfers from other levels of organisation. For example: National Institute and Care Excellence(NICE) comes under public sector and is basically a health care organisation. They providehealth services and necessary care to people and patients coming to them. Purpose: NICE provides quality health case services to the people and patients andprovide appropriate guidance related to diseases and their preventions and precautions.Legal structure: Organisation working in public sector have fixed legal structure andrequire continuous up gradations and management of those aspects. It mainly involves local,regional and central government authorities. Local government: This body covers local area which is small and regulate functioning ofcompany. They enforce full control on local area and keep an eye on business operations.Central government: They handle legal and political issues at the national level. Theirfunctioning differ with countries.State government: They are the form of federal government and shares political powerwith national government. Different states formulate different policies and regulationsand they function according to that. Private sector: Organisation working in this sector are owned by individuals or group ofindividuals as mentioned above. This sector is the backbone of any country as they contribute inthe stability of economy of nation (Commander and Svejnar, 2011). Marks and Spencer operatesin private sector and offers fashionable clothes, foods and other items. Purpose:Main purpose of Marks and Spencer is to provide quality products in the areasof clothes, foods , home and others and also offering them at affordable prices. Legal structure: Enterprises operating in private sector formulate their own policies andstandards and operate according to their procedures. It contain high level of documentation dueto involvement of several franchise, mergers, acquisitions, sole trader, partnerships, limitedcompanies and so on.Voluntary sector: This sector consist NGOs and non profit organisations that providenecessary help and services to poor and needy ones. They are highly dependent on sponsors anddonors which provide financial support to their organisation. For example: Oxfam firm is anorganisation that is operating in voluntary sector. They conduct various seminar, campaigns andevents for collecting funds or donations.
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