Boosting M&S Performance: A Comprehensive Research
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Added on 2020/07/22
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AI Summary
This assignment aims to identify ways to improve Marks and Spencer's business performance by conducting a comprehensive research study. It will involve both primary (customer survey) and secondary research methods, analyzing factors contributing to business operations, and exploring strategies for enhancing efficiency.
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OrganisationMarks and Spencer (M&S) Reason for choiceThe main reason behind conducting this research is to identifydifferentwaysforimprovingbusiness performance of M&S. In accordance to this, several factors contributing to business operations of the entity are discussed. Research ThemePresent report is based on understanding several ways forimprovingbusinessperformanceofMarksand Spencer (M&S). Target audienceFor conducting research, survey is to conducted with 50 customers of the organisation for analysing their views on goods and services provided by M&S. In accordance to this, various research methods and specification tools are to be identified for data collection process. SampleRandom sampling method for selecting respondents Expected outcomeIt is forecast that the conducted research will be succeed foridentifyingdifferentwaystoimprovebusiness performance of M&S. MethodologyBoth primary and secondary research methods. Questionnaire Qualitative Quantitative Mixture of both Yes,quantitativedatacollectionmethod.Asasking questions with respondents regarding ways to enhance business' efficiency. Secondary ResearchFor conducting research at secondary level, researcher is to collect data by reading articles of author on the selected research topic. Literature ReviewEssential of identifying actual business performance: According to O'Leary, (2013) it is essential to analyse current business performance in terms of sales revenue,
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profit level and market position. Therefore, variety of ideas are generated for creating balances and improving business performance of the company. On the contrary to this, Ricciardi and et.al., (2015) argue that changes are uncertain in business operations as they affect its performance adversely. Factorscontributedinimprovingbusiness performance of any company: In opinion of Speight and et.al., (2016) several factors are contributed in running business and improving its efficiency. For instance; technologies used for business operations, relations with public, market position and demand for entity's products etc. Stanek, Babkin and Zubov, (2016) claim that there are constant changes in factors identified as people's choice, technology, occurrence of uncertain risks etc. Time frame