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Business Environment Essay of Marks and Spencer

   

Added on  2020-07-22

14 Pages3729 Words34 Views
Business Environment

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 & P2.......................................................................................................................................1TASK 2............................................................................................................................................1P3 Relationship between different organisational functions and its link with organisationobjectives ....................................................................................................................................1TASK 3 ..........................................................................................................................................3P4 Positive and negative impact of Macro environmental factors an organisation operationalactivities......................................................................................................................................3TASK 4............................................................................................................................................5P5 Internal and External analysis of Marks and Spencer............................................................5P6 Interrelation of Strength and weakness with external Macro factors....................................7CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10

INTRODUCTIONBusiness environment is refereed to area where business operations are conducted bypeople; so that organisation goals and objectives are accomplished timely. Internal and externalfactors are various constituents which directly or indirectly impact on system functionality.Shareholders, employees, suppliers, partners and customers are various elements which playsessential role in firm. Management require to conduct market survey to acknowledge conditionsof environment and make appropriate decisions (Bahand Fang, 2015). They even require toconduct business operations effectively and deliver quality items and services in market. Thishelp them to grab attention of large number of customers, thereby enhance sales and profitability.Present report is based on Marks and Spencer which is famous clothing and retail chainestablished in UK. This firm is conducting business in different sectors so they provide differentvariety of items to people. This assignment defines information about size, scope, nature andobjective which differ in each organisation and varies on basis of sector. Organisation functionshave interrelation with each other and have objectives which require to be accomplished byfirms. Along with this, management require to acknowledge positive and negative influence thatmicro and macro environment have on system functionality. TASK 1P1 & P2COVERED IN PPT.TASK 2P3 Relationship between different organisational functions and its link with organisationobjectives There are aims and objectives formulated by business in order to carry out alltheir business activities according to their set goals. The environment in whichactivities of firms will be operating are different in relation with the set aims andobjectives. There should be focus on formulating organisation structures so that allbusiness operations will be executed according to the set plans and firms willachieve efficiency and effectiveness in their operations. Marks and Spencer is apublic limited company and there are more then 85000 employees who are involved1

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