Corporate Strategy and Governance- PDF
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Added on 2020-10-05
Corporate Strategy and Governance- PDF
Added on 2020-10-05
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CORPORATE STRATEGY ANDGOVERNANCE
TABLE OF CONTENTSTITLE- Corporate governance and strategies issues.......................................................................3Chapter 1: INTRODUCTION..........................................................................................................31.1 Overview of research ...........................................................................................................31.2 Overview of organisation......................................................................................................31.3 Problem Statement................................................................................................................41.4 Research Aim and Objectives ..............................................................................................41.5 Research Question.................................................................................................................51.6 Structure of research.............................................................................................................5CHAPTER 2: LITERATURE REVIEW.........................................................................................62.1 Role of corporate governance policies and practices............................................................62.2 Relationship between stakeholder and financial performance of business...........................72.3 Ways by which Corporate governance policies can be implemented within Marks andSpencer........................................................................................................................................8CHAPTER 3: RESEARCH METHODOLOGY...........................................................................10CHAPTER 4: CRITICAL DATA ANALYSIS............................................................................144.1 Critical review on the basis of secondary research.............................................................14Ways by which Corporate governance policies can be implemented within Marks and Spencer...................................................................................................................................................154.2 Critical review on the basis of primary research.................................................................16CHAPTER 5: RECOMMENDATION AND ACTION PLAN.....................................................255.1 Recommendation.................................................................................................................255.2 Action Plan..........................................................................................................................26CONCLUSION..............................................................................................................................29REFERENCES..............................................................................................................................30
TITLE- Corporate governance and strategies issuesChapter 1: INTRODUCTION1.1 Overview of research An issue related to the corporate governance is the mutual balance between theparticipants in the organization which is necessary to be maintained. There are differentparticipants interested towards the business operations and functions known as stakeholderswhich includes shareholders, community staff member and executive staff etc. (Werani, 2018).Corporate governance practices directly impact on the business profit and reputation of theorganization and having the poor policies that can expose the firms to loss of capital investment,reputation damage etc. This research mainly defined concept of corporate governance and its rolein maintaining relationship among stakeholders. 1.2 Overview of organisationMarks and Spencer is a famous British multinational retailer that came into existence inmiddle of 1884. It was established by Sir Michael Marks and Thomas Spencer. This retailercompany in UK is listed one of the biggest brand and it is running more than 980 stores in nearabout 57 countries and is also listed at London Stock Exchange. But from last performances oftheir sales, it has analyzed that M&S faces some issues related to retain interest of itsstakeholders within business. It is arisen due to costly restructuring the corporate strategy formaintaining sustainability at marketplace. This led management of M&S to think twice ondecision-making process which are concerning mainly upon future (M&S still feeling the heat aswinter approaches, 2019). Any such type of decisions and CG policies are majorly depended onwhether this firm is able to create changes in business. This would spread various negativerumors about Marks and Spencer which adversely disrupted its image as well. In this regard, it has been evaluated that every step which is taken by respective firm forrestructuring its business went wrong. This would lead to decrease market share of this companymore adversely. Along with this, it has also analyzed that idea of restructuring the infrastructurehas led M&S to face various issues. It includes near about sixty-two percent fall in profitabilityof business annually. Due to this issue, respective company also fails to gain interest ofstakeholders and their financial support in implementation of further projects.
1.3 Problem StatementCorporate Governance reflects relationship among Board of Directors, Management,Shareholders, Employees and other stakeholders in a company. It deals with the ways by whichsuppliers or investors who finance in corporations assure themselves, to get high return on theirinvestment (Quinlan and et.al., 2019). The issues of corporate governance will impact on thefinancial performance of organization and also measure the accountability of different entities interms of policies, activities and operations. The researcher will find out the strong relationshipbetween the corporate governance practices and impact on the financial performance oforganization. In context with Marks and Spencer, as this company faces failure of corporategovernance. Therefore, this research will help in determining factors that is impacting onfollowing of CG practices of M&S. It will help in taking effective measures to minimize impactand increase profits through CG practices. It also identifies ways by effective CG practices canbe implemented within business, by taking consideration the overall interest of stakeholders.“Main issue which Marks and Spencer is facing is that they are not able toretain interest ofstakeholders” due to which their financial performance is impacted.”1.4 Research Aim and Objectives In order to conduct a research, the most essential task for researchers is to formulate properaims and objectives. The overall result and success of a project depends on both of these aspects.It provides guidelines to research-team related to identify issues and address the main objectivesof research. In this regard, main aim and objective of present case study which is based onCorporate Governance of M&S, are described as beneath: Research Aim “To investigate the impact of stakeholder relationship on financial performance ofbusiness- A study on Marks and Spencer”Research ObjectivesTo identify role of corporate governance policies and practices in an organizationTo determine relationship between stakeholder and financial performance of businessTo recommend how corporate governance policies can be implemented within Marks andSpencer
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