Developing Enterprise

Developing Enterprise
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Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
1. Demonstrate understanding of principles and practice of strategic enterprise management
and new venture entrepreneurship..........................................................................................3
2. Evaluate difference between finance and investment models analysing relationship between
finance, investment, and business models..............................................................................4
3. Entrepreneurial leadership, business planning, and entrepreneurial finance.....................5
4. Demonstrate evaluative, research, and investigative skills in communicating entrepreneurial
planning and decision-making................................................................................................6
5. Understanding how Market impacts a businesses objectives.............................................7
6. Demonstrate how to apply enterprise tools and theories to business environment............8
7. Demonstrate relevance and importance of each of core topics with in business context.10
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11
Appendix........................................................................................................................................12
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INTRODUCTION
In order to survive and sustain at marketplace, it is very important for organisation to
develop itself according to new trends and market so that they can attain goal and objectives in
an effective and efficient manner (Cárcamo-Solís and et. al., 2017). Enterprise development is
defined as business transaction which has an aim to provide contributions in order to help in
terms of financial, operating and development for sustainability of organisation. The organisation
chosen for given assignment is Marks and Spencer which was founded in 1884 at Leeds,
London, United Kingdom. This is retail organisation dealing in selling of home, clothing and
food products in effective manner. The main aim of report is to develop business as per
competitive market and fulfils need and demand of people. Different models are used to provide
help to business to achieve set goal and objectives in effectual manner.
MAIN BODY
1. Demonstrate understanding of principles and practice of strategic enterprise management and
new venture entrepreneurship
Strategic Enterprise Management (SEM) is defined as management techniques, tools and
metric designed in order to help organisation for making high level strategic decisions. It is
essential for Marks and Spencer to use principles and practices for SEM. This is possible by
doing SWOT analysis of respective organisation to identify strong and weak points so that
positive outcomes are attained in effectual manner. They are as follows:
Strengths- M&S is leading retailer at UK market which offers latest trends of industry to
their consumers in best manner. This has strong e-commerce infrastructure where products are
available at online and offline stores (Marks and Spencer SWOT & PESTLE Analysis, 2020). The
main aim is to enhance customer experience by providing high quality products and services
along with following corporate social responsibility.
Weaknesses- The respective organisation is facing weaknesses in terms of poor financial
performance at marketplace. As it totally depends on UK market for selling their products and
services. Perception of public is not good towards brand which leads to decline in their publicity.
Opportunities- There are several opportunities which are available in front of M&S as it
is planning to invest in Indian markets along with reshaping clothing segment. The operating
model followed by them is simplifying and presenting goods online to boost electronic market.
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Threats- The main threats which are faced by respective organisation are stiff
competition in food sector at UK, change in trends of consumers regarding buying of products
and services.
Therefore, these practices help respective organisation for strategic management of their
business to achieve goal and objectives.
New venture entrepreneurship is defined as business which is formed with plan and
expecting to follow financial gain. When needs are determined, business has to identify their
market, products and services in order to start new venture. Marks and Spencer can start their
new venture by following principles of entrepreneurship such as setting vision, choosing right
team, identifying products and so on.
2. Evaluate difference between finance and investment models analysing relationship between
finance, investment, and business models
This is very crucial for Marks and Spencer to identify, analyse and evaluate several types
of finance and business model (Galitsky, 2019). It will assist in taking better decision for
business and attainment of goal and objectives in an effective and efficient manner. The finance
and investment model which are applied by respective organisation are Budget and Forecasting.
They are described below:
Budget Model- It is used for evaluating finance of business. Such model assist in
maintaining finance and budgets in order to conduct activities and operations of business in
appropriate manner. This is used by respective organisation for maintaining finance of business
in professional manner. It also leads to provide helps in allocating budgets to various department
of organisation.
Forecasting Model- This model is very important for Marks and Spencer in order to
forecast their financial resources. The organisation collect different financial resources and
investigate them from different sources. It will assist in better planning of finance for further
usages.
Relationship Between Finance, Investment and Business Model
There is direct and indirect relationship among all these terms such as financial,
investments and business model (Liang and et. al., 2015). Marks and Spencer operate their
business activities and functions at multiple channel. The respective models assist M&S in
providing of high quality products as well as services to their users in order to meet need and
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