Business Environment Assignment of M&S Ltd
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Added on 2020-07-22
Business Environment Assignment of M&S Ltd
Added on 2020-07-22
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Business Environment
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1- Describe the type of business, purpose and ownership of two contrasting businesses........1P2- Describe the different stakeholders who influence the purpose of two contrastingbusinesses....................................................................................................................................2TASK 2............................................................................................................................................3P3- Describe how two businesses are organised.........................................................................3P4- Explain how their style of organisation helps them to fulfil their purposes.........................4TASK 3............................................................................................................................................4P5- Describe the influence of two contrasting economic environments on business activities .4TASK 4............................................................................................................................................5P6- Political, legal and social factors are impacting upon the business activities .....................5CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7.........................................................................................................................................................8
INTRODUCTIONIn the modern scenario, effectively business environment and working surrounding playsimportant role in every organisation. Because as per the internal situation of business firmemployee will significantly perform their decided task. In the addition of this, several factors andcauses are directly impacting upon organisation whether positive and negative in nature. Thisresearch project will be discussing about different type of business firm (Chavis, Klapper andLove, 2011). Also will be defining major purpose, which wants to be attain in future inappropriate manner. It will be describing about, organisational structure as per this easy toidentify working system and geographical area of an particular company. Moreover, political,legal and social factors will be define in significant way.TASK 1P1- Describe the type of business, purpose and ownership of two contrasting businessesMark and Spencer(M&S): M&S is an international company and is part of the tertiarysector. An international business is a business that operates and sells products/services aroundthe world, M&S trades in Europe, the Middle East and Asia. M&S is a public limited company,the public part of it means that shares can be brought by the public and the limited company partmeans that it has limited liability. Having limited liability has many advantages as it protects ashareholder from being responsible for more than their share of the company so they wouldn’t beaccountable for the liabilities resulting from the bankruptcy ( Commander and Svejnar, 2011).Being part of the tertiary sector means that M&S provides services in the form of sellinggroceries, clothing and home products. The purpose of M&S is to supply products; M&S alsooffers services but that isn’t their primary way of doing business. M&S is driven by profitmeaning that they make sure that their sales cover all of their running costs and more (in orderfor them to make a profit). Running costs include anything that the organisation needs to spendmoney on in order for the company to operate (salaries, utilities and rent).National Health Service (NHS): The NHS is a national not-for-profit organisation and ispart of the tertiary sector. The NHS is a public company meaning that it is owned by thegovernment, it was set up in 1948 by the labour government. The NHS is a not-for-profitbusiness it is run mainly using money from taxation. The NHS is part of the tertiary sectormeaning that it provides a service to the general population. The purpose of the NHS is to1
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