Business in practice

Business in practice
Business is considered as an
organization in which people work together for the
attainment of common goal as well as objective
successfully. Organization selected for respective
research is Marks and Spencer which is introduced
in 1884 and it is nested at the worldwide level.
Respective poster provides information related to
external and factors that affect business and it also
include different ways business impact on the
external environments.
Main Body
There are several factors which impact
on the business of Marks and Spencer. From which
some are mentioned:-
Teague, B., Gorton, M.D. and Liu, Y., 2020.
Different pitches for different stages of
entrepreneurial development: the practice of
pitching to business
angels. Entrepreneurship & Regional
Development. 32(3-4). pp.334-352.
Kennedy, S. and Bocken, N., 2020. Innovating
business models for sustainability: An
essential practice for responsible managers.
In Research Handbook of Responsible
Management. Edward Elgar Publishing.
Internal factor
In marks and Spencer there are several
internal factors such as finance, human resource,
technology used and many more. These all factors
impact on the respective company in positive manner
which leads to attainment of desire goal successfully.
External factor
Respective company external factors are
customers, stakeholders, legislation, and
environment and so on. According to these factors
this company needs to change or update their
operations and decision.
Introduction
References
Conclusion
How the external and internal
factors affect business
Such as it produce pollution
which directly impact on the natural resource
like trees, air, river and many more.
Through above point it can be
summarized that for a company it is essential
to determine external and internal factors so
that they develop decision. Moreover they
also need to consider how their business
impact on external environment.
Different ways in which business
can impact on the external
environment
While operating operations and
functions related to manufacturing Marks and
Spencer impact on external environment in
different ways.