Assignment on Business Environment - Marks and Spencer
Added on 2020-06-04
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Business environment
Introduction The business environment is that which consider all the internal and external factorswhich directly affect the management and function of the company and some of those factors arelike employees, customers and gets affected with demand and supply as well and its regulationtoo. Environment is such which cannot be controlled by the company and some of those factorswhich affect in huge way are of external environment and they are as competitors, political,social and culture etc. Organization always looks forward to secure them with such environmentalthough they do face the problem of internal and external. The report is based on Marks andSpencer, firm is leading retailers in UK and somewhere the entity is having 1433 stores aroundthe globe. Moreover they serve in brand food, clothing and home product too. Although aroundthey have 85000 employees and thus working for the industry. Firm is founded by Sir MichaelMarks and Thomas Spencer. Assignment is that which will discuss about purpose of private/public and voluntary organization, scope and size of public and the voluntary sector, relationshipare such various functions within the company. Positive and negative impact macro environmenthave on entity, pestle and SWOT of M&S, How strength and weakness with the external factor. P1 Purpose private, public and voluntary organization and legal system.There are different kinds of organization which has various legal structure in theirorganization in which they use to work. Although the private, public and voluntary entity hasseveral laws, which do followed by firm in right context to form their business in proper format.Normally, firm does not look forward to follow the rules and regulation of law and in the lastthey need to wind up their company. Hence, some of the legal structures of the organization areas follows: Private sector: This sector is such which is privately owned by the individuals. Moreover, it isquite easy to form such kind of business as because in this sector the provisions of companies Act 2013 isnot applicable in this. Although this company is such which is formed by the 2 members and only 2directors. These kind of firms are usually preferred by the investors and thus because they can buy andsell their stakes in ease manner. Generally it can be said that the stakeholders are limited to the 50 only.Maximum number of partner an organization can have is around 200 according to act. There is no limit
for such firm which has number of employees and to work with them. This sector is such which has nolimitation in working and can have many employees in their firm so that they can work in great mannerand can look forward to have attainment of goals and objectives in great way. Public sector: Company is such which is somewhere owned by the public and by thegovernment. Organization is such normally they raise funds from so many aspect and through publicdirectly and with issues of shares. Although it is also there that minimum 7 number of stakeholders andminimum with 3 directors. Moreover, there is no limit in the number of shareholders and although they dohave a limited liability in the extent which can have its face values of its shares. Hence public structure isdoes not have to earn more money in form of profit and in the form they have been formed. Privatesectors are that who earn more than a public sector always too. Voluntary organization: This is such which include both the sector like public and privatesector and does go beyond the serving society with their own personal interest as the number of NPO(Non-profit organization). These sector are those who make profit too but do not use such for theirpersonal aspect and although they use the money for the development of society in great manner. Eventhough the voluntary organization is having more expenses then the income for raising the fund in propermanner also and thus lead to have development of the society. Moreover, they use the section 21, andthere are various things to have trust and thus common law with trust and property control Act 57/1988. Thus organization system is such which is different from the other in their working, althoughvarious firms are there which follow some laws to form them. Normally, those companies who follow thelaws in right context then they do not face any issues and problems in working as after they get registeredwith laws. None the less and they do work according to the requirement in any business. P2 Size and scope of M&S public, private and voluntary sector.Moreover, it has seen that the M&S is serving millions of people across the globe andfirm is working at very large level. M&S is serving people with their quality product andservices too. Although, around 970 stores are there in UK only and having 450 branches as wellat the international level. Hence, company also deals in the food product which took rise in therecent years and even they have approximately 85,000 employees working with the firm. Scope Company can be state in such a way that they can utilize the technology andcompetition in great way. Normally it can be seen that the retail store is having a vast scope inmanner of technology and environment in better way. Proper strategies and decision made in
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