Business Environment: Marks and Spencer

This presentation provides an overview of the business environment of Marks and Spencer, including key findings related to PESTLE factors, strengths and weaknesses, and the importance of the internal and external environment. It discusses the impact of political, economic, social, technological, legal, and environmental factors on the company's operations.

Business environment
Marks and Spencer

Table of Contents
 Introduction
 Key Findings PESTLE
 Key Findings Strengths and weaknesses
 Conclusion
 References

Introduction
Business is an economic activity aimed to earn financial gains. The
environment are the circumstances surrounding the business
within which business operations are carried out. The factor can
be part of external environment or internal business
environment.

Key Findings with PESTLE

Con..
Political Factors The market of United Kingdom is highly
competitive therefore there is free entry and exit of the firms.
This situation is affecting to lose the market share of the
company to the new entrants.
Legal Factors: These factors undertake laws formulated by the
government regarding business operation.

Economic Factors: This factor takes into consideration the market
situation of the country. The rise of recession brings positive results
to sales volume.
Social Factors: This factors takes into consideration the social and
cultural factors i.e. preferences, trend, attitudes, values and beliefs.
These factors affect the functioning of a business at a large scale.

Technological Factors: M&S is known to be active in terms of
technology. The revolution of digitalisation in retail sector is
significant. The development of online portals and mobile
application have helped Marks and Spencer into enhancing
sales volume over online platforms.
Legal Factors: These factors undertake laws formulated by the
government regarding business operations

Environmental Factor:Marks and Spencer's Plan A 2025
(Because there is no Plan B). This CSR helped the company in
gaining a brand awareness and increased Brand Value.

Strength and Weaknesses
The analysis of the factors of the internal environment is crucial.
It helps in identification of strength and weaknesses of an
organisation. The analysis helps utilising the performing areas
to their use and improving the non- performing areas of
business.

Strengths:These are the best performing factors of an
organisation. The major strength of M&S are its brand
image, international expansion, infrastructure and its vast
supply chain. The company can utilise these factors to
overcome hurdles in operation.

Weaknesses: Weaknesses are hindrances which prevents a
company from achieving its desired position in the market.
Market share for Marks and Spencer is 3% which is very less
in comparison with Tesco capturing staggering 28%.

Conclusion
It can be concluded from the above assignment that Business
environment plays a significant role in the organisation. The
environment can be categories into internal and external
environment. The division of organisation took place on the
basis of their purpose.

References
 Boons, F and et. al., 2013. Sustainable innovation, business
models and economic performance: an overview. Journal of
Cleaner Production. 45. pp.1-8.
 Drucker, P. F., 2017. The Theory of the Business (Harvard
Business Review Classics). Harvard Business Press.
 Wild, J., Wild, K. L. and Han, J. C., 2014. International
business. Pearson Education Limited.

Thank you!!!