logo

Business Environment M&S: Doc

   

Added on  2021-01-01

7 Pages1809 Words233 Views
 | 
 | 
 | 
Business And Business Environment
Business Environment M&S: Doc_1

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1TASK 2............................................................................................................................................13. Impact of Macro environment on business operations.......................................................14. Strengths and weaknesses of the internal macro factors within an organization...............3CONCLUSION................................................................................................................................4REFERENCES................................................................................................................................5
Business Environment M&S: Doc_2

INTRODUCTIONBusiness can be considered as a comprehensive unit which includes different types offunctions in order to achieve the main objectives of the organisation. All such internal andexternal factors that effect business are termed as Business Environment. Internal and externalfactors influence the business in a very long term that it may be result in loses of the firm. Thisstudy will help in providing different types, sizes and scope of organisation that impacts on themacro environment of the business. This report will present various types of interrelatedfunctions and the impact of the organisational structure on the main objectives of the business. Furthermore, this research will also help in identifying the impact of macro environmenton business operations. The study will encourage various negative and positive factors whichleads towards the growth and sustainable development of the business.TASK 1Covered in PPTTASK 23. Impact of Macro environment on business operations.The macro environment consists of larger societal forces that effects the entire microenvironment. The macro environment of the company is generally consists of six factors such aspolitical, economical, social, technological, environmental and legal forces (Prajogo, 2016). Inthis highly competitive world, M&S generally M&S need to identify the competitive strengthsand weaknesses of the company to strengthen the development of the growth and sustainabilityof the firm. Political factors of M&S are referred as those aspects that mainly has legalanticipation and these legal interruptions of government affect the cost and profit ability of theorganization. Also, the technological factors lay a great impact on the productivity of the goodsand services. Changes in the technology may effects the working capabilities of the employees.Political factors – this factors majorly affected to M&S because due to time and frequentlychanging government and taxation policy so it has facing huge losses and local government taketax from retailers. It also influences through demonetization it is negative affect of politicalfactor on M&S. As well as it has positive effect also because M&S is a retailer so it salesclothing and food product so they have to follow government rule of reduction of fat and saltfrom food product and also take care of animal welfare.1
Business Environment M&S: Doc_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Business Strategy: Analysis and Planning for Marks and Spencer
|13
|3813
|70

Analysis of [Marks and Spencer]'s Business Environment
|12
|607
|93

Unit 1 Business and the Business Environment Assignment
|12
|3331
|26

Report on Developing Business Strategies - Marks and Spencer
|17
|5020
|31

Business Strategy for Marks and Spencer
|17
|5159
|110

Business and the Business Environment of M & S : Report
|15
|4739
|80