Corporate Strategy and Governance

This research paper analyses the significance of corporate governance practices in maximising organisational profitability and productivity with a study on Marks and Spencer. It examines various corporate governance practices employed by an entity for managing strategic business plans, investigates the challenges faced by Marks & Spencer due to ineffective corporate governance practices, and discerns the role of corporate governance practices and strategies in enhancing organisational profitability.

Corporate Strategy and
Governance

Table of Contents
INTRODUCTION ..........................................................................................................................3
Research problem...................................................................................................................3
Research aim and objectives..................................................................................................3
Research questions.................................................................................................................3
About the chosen organisation...............................................................................................4
LITERATURE REVIEW ...............................................................................................................5
What are the various corporate governance practices employed by an entity for managing
strategic business plans?.........................................................................................................5
What are the challenges faced by Marks & Spencer due to ineffective corporate governance
practices?................................................................................................................................5
What is the role of corporate governance practices and strategies in enhancing organisational
profitability?...........................................................................................................................5
RESEARCH METHODOLOGY.....................................................................................................7
GANTT CHART ...........................................................................................................................8
REFERENCES .............................................................................................................................10

INTRODUCTION
Corporate governance is described as the system which is used within an organisation for
the major purpose to manage control over the business. Corporate governance is associated with
using of various rules and functions so that managerial criteria can be filled within the
organisation in respect to directing the company (Madureira Lima and Galea, 2018). There are
different methods which are managed so that to oversee the business in ethical manner.
Research problem
The research problem within the research is that there are different risks which are seen
within the organisation and these are having direct relation with organisational functions. This is
analysed that with the help of corporate governance practices business functions can be managed
and at the same time consequences within the business can be minimised. Besides this, when
appropriate practices of corporate governance are not followed within the organisation then
negative impacts over the operations can be seen.
Research aim and objectives
Research aim
To analyse the significance of corporate governance practices in maximising
organisational profitability and productivity. A study on Marks and Spencer.
Research objectives
 To examine various corporate governance practices employed by an entity for managing
strategic business plans
 To investigate the challenges faced by Marks & Spencer due to ineffective corporate
governance practices
 To discern the role of corporate governance practices and strategies in enhancing
organisational profitability
Research questions
 What are the various corporate governance practices employed by an entity for managing
strategic business plans?
 What are the challenges faced by Marks & Spencer due to ineffective corporate
governance practices?

 What is the role of corporate governance practices and strategies in enhancing
organisational profitability?
About the chosen organisation
The institution taken for the current research is Marks & Spencer which is one of the
renowned multinational British organisation headquartered in London, UK. The organisation is
specialised in clothing, footwear and accessories as their major product domain. There are
different corporate governance strategies followed by the organisation so that to manage business
functionalities and to manage operations as well. The organisation is developing effective
corporate governance practices so that to maintain their global business identity and to retain
their brand image as well.

LITERATURE REVIEW
What are the various corporate governance practices employed by an entity for managing
strategic business plans?
According to Hossain and et. al., (2016), there are various corporate governance practices
used by an organisation in terms of managing and executing their business functions in optimum
manner. These are the practices which are related with setting up rules and regulations and these
are helpful in assisting the business functions. With the help of corporate governance practices
communication line can be established. This is analysed that the organisation with best
performance are having significant corporate governance practices in their business so that risk
opportunities can be minimised.
What are the challenges faced by Marks & Spencer due to ineffective corporate governance
practices?
According to Davies, (2016), corporate governance are defined as such practices and
rules which assist the business to manage their business functions in such a manner that market
prominence can be developed and at the same time market image can also be developed into the
market. This is analysed that corporate governance is needed in the business operations so that to
manage all the functions in easy and proficient manner (Wardhana, 2018). Due to ineffective
corporate governance practices conflicts of interest can be seen in the business so that ethical
issues can be created in the premises and its working. On the other hand, accountability issues
are another issues faced by the organisation due to adoption of ineffective corporate governance.
What is the role of corporate governance practices and strategies in enhancing organisational
profitability?
According to Cazeri and et. al., (2018), the role of corporate governance practices are
related with using such methods into the business so that profitability of the organisation in the
business and to manage the business in ethical manner. Due to increased profitability market
prominence can be developed and the same time brand loyalty within customers can also be
enhanced. The major objective of corporate governance practices are to optimise value of
shareholders so that aspects can be given to the business so that to improve firm's performance.
Good corporate governance assist the organisation in providing positive working environment so
that fair and transparent business actions can be made.

In this manner corporate governance strategies are related with managing business functions in
appropriate manner which is related with reaching out to business objectives and in acquiring
success in overall manner as well (Gómez-Betancourt and et. al., 2016). This can be concluded
that the role of corporate governance is wide for an organisation and would be associated with
managing employee engagement and business objectives as well.

RESEARCH METHODOLOGY
The existing research is emphasised on using quantitative methods of research in order to
gather numeric and statistical results within research (Al Kilani, 2016). Using quantitative
research methods researcher get assistance in gathering information in such manner that research
objectives can be attained and in the same manner direction can be given to researcher. The
current research will use both primary and secondary methods of data collection so that to
acquire needed information within research (Opoku, Ahmed and Akotia, 2016). These methods
would assist the researcher in attaining research objectives in a manner that all the research
questions would be answered and researcher may get assistance to carry out the research in pre-
defined manner. Sampling size taken under the research is 30 which are managers within Marks
& Spencer so that by using their responses research for attaining research objectives.

GANTT CHART

REFERENCES
Books and journals
Al Kilani, M., 2016. An overview of research methodology in information system (IS). Open
Access Library Journal, 3(11), p.1.
Cazeri and et. al., 2018. An assessment of the integration between corporate social responsibility
practices and management systems in Brazil aiming at sustainability in
enterprises. Journal of Cleaner Production, 182, pp.746-754.
Davies, A., 2016. The globalisation of corporate governance: The challenge of clashing
cultures. Routledge.
Gómez-Betancourt and et. al., 2016. Corporate Governance. Suggested and implemented
practices in Colombian family and non-family businesses. Entramado, 12(2), pp.12-29.
Hossain and et. al., 2016. Contributing barriers to corporate social and environmental
responsibility practices in a developing country: A stakeholder
perspective. Sustainability Accounting, Management and Policy Journal.
Madureira Lima, J. and Galea, S., 2018. Corporate practices and health: a framework and
mechanisms. Globalization and Health, 14(1), pp.1-12.
Opoku, A., Ahmed, V. and Akotia, J., 2016. Choosing an appropriate research methodology and
method. Research methodology in the built environment: A selection of case studies, 1,
pp.30-43.
Wardhana, D.Y., 2018. Good Corporate Governance Practices in Family Business: A Case Study
in Indonesia. Petra International Journal of Business Studies, 1(1), pp.35-44.