Business Environment of Mark and Spencer - Assignment
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Added on 2020-07-23
Business Environment of Mark and Spencer - Assignment
Added on 2020-07-23
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Business Environment
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Different types and purposes of organisations.......................................................................1P2 Size and Scope of various types of organisations .................................................................4TASK 2............................................................................................................................................7P3 Relationship between different organisational functions and its link with organisationobjectives ....................................................................................................................................7TASK 3 ...........................................................................................................................................9P4 Positive and negative impact of Macro environment on Business operations.......................9TASK 4............................................................................................................................................9P5 Internal and External analysis of Marks and Spencer............................................................9P6 Interrelation of Strength and weakness with external Macro factors..................................11CONCLUSION..............................................................................................................................11REFERENCES .............................................................................................................................13
INTRODUCTIONThe business environment can be defined as a area where different kinds of practises ofactivities and operation of the business are conducted in very effective manner that provide helpfor attaining the pre determine objective and goals of the firm. Business environment iscontaining both of internal and external elements which are marking impact on the functioning ofthe firm that also involves their employees, customers and partners and so on. It is very essentialfor each and every firm to understand the environment in which company is perusing theirbusiness operations and suits firm's business nature (Dahan and et.al., 2010). It will help ingenerating more and wider profit in the market and attaining growth as well as development.This company, in which the report project is based on is known as Mark and Spencer. This is oneof the best retail and clothing or accessories firm; operating in UK. This firm is dealing in manydifferent sectors successfully as well. The cited report is discussing about the nature, size andscope of the firm, performing in various kinds of business environment. Along with it, theirassociation with other organisational functions and their connections with the objectives of thefirm will be attained. It will provide help in order to understanding the both negative and positiveaffects of the micro environment in an organisation. TASK 1P1 Different types and purposes of organisations.In the present business environment, there are different types of firms who are bring outtheir business operations with in their desired sector with the purpose of attaining more and moreprofit and also fulfilling their objectives or aims as well. Their prominent aim is to capture moreof buyers towards then and also enhance the level of their standard of living too. The two majorsectors who are involves in business environment are names as public sector and private sectorand their working are done either for profit or not for benefits that acting as an NGO as well.Hence there are a comparison of these three divisions of working which is as follows- 1
Basis of Comparison For Profit NPONGOMeaningIt can be determine asthe body that is beinglaunched with theobjective or aim ofhaving profit only. Thecore target of thesetypes of firms is tohike up their rate ofrevenue throughselling their productand services in themarket. It comes under thosetypes of the firmswhere selling of thegoods and services isdone with out havingany objective ofearning benefits. Thefund that is receivedthrough sellingproducts and it is notshared with the anyone or owner also it isreinvested in the firms.It is determine as a nongoverning body whoseprominent aim orobjective is to dowelfare for the citizenor nation or of thesociety and alsolaunched themselves into various places aswell. These types ofbusinessesarebasically done with theone and onlyindividual or person. Area of Operations It can be larger as wellas limited LimitedLargeObjectives Their core objective isto capture more andmore numbers arecustomersandgenerating revenue forthe firm. It is being establishedfor promoting science,art and commerceamong more ofindividual. Their core objective isto develop the entiresociety throughconducting differenttypes of practises forbuilding the strongeconomy as well. There are three prominent factors along with their purposes, which are detailed such as- Public Sector -in this kinds of sectors, the structure of the entire firm is designed andframed by the government of nation and the earning that is generated here is majorly shared bythe different numbers of persons who are working in an organisations. In the UK, the cited sectoris also rolling essential role in order to facilitating jobs to wider numbers of persons in the entire2
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