Analysing Resource Scarcity Impact & Mitigation Strategies - M&S

This report examines the impact of resource scarcity on business operations, specifically focusing on mitigation strategies, with a case study on Marks and Spencer. It begins by defining resource scarcity and its effects on business growth, profitability, and project completion. The literature review explores the concept of resource scarcity, its impact on businesses, and the importance of mitigation strategies. The report discusses marketing strategies for improving resource efficiency and analyzes the constraints faced due to resource limitations. Ultimately, the report aims to provide insights and recommendations for businesses to effectively manage and mitigate the challenges posed by resource scarcity to achieve sustainable growth and development. Desklib offers a wide range of resources, including similar reports and solved assignments, to aid students in their studies.

1. Lack of Resources

2. Table of Contents
1. Lack of Resources....................................................................................................................1
2. Table of Contents.....................................................................................................................2
3. Introduction of the project ......................................................................................................3
4. Aim .........................................................................................................................................3
5. Objectives ...............................................................................................................................3
6. Achieving Objectives...............................................................................................................4
7. Timescale.................................................................................................................................4
8. Background of the problem ....................................................................................................5
9. Literature Review ....................................................................................................................5
10. Marketing strategy.................................................................................................................7
11. Impact analysis.......................................................................................................................8
12. Constraints...........................................................................................................................10
13. Conclusion...........................................................................................................................11
REFERENCES................................................................................................................................1

3. Introduction of the project
The project is about analysing the impact of issue of lack of resources on business and
mitigating the strategies in favour of it. The project includes the aspects through which the
business faces the problem of having lack of resources at large scale (Doern, Williams and
Vorley, 2019). The project is all about identifying the issue which is lack of resources on
business and what is the impact of it. It is very important the business has proper resources which
helps in creating value to the operations and other processes which are being included within the
business at large scale. Due to lack of resources, the project gaols within the business are also
hard to achieve and this creates problem for the tasks and responsibilities which are being
allotted to the employees.
This project topic has been chosen as it will help in providing the concerns related to solve
the issue of lack of resources within the business at large scale. This project topic is able to
identify the concerns regarding the issue to be solved of having the lack of resources which is the
basic requirement of the company at large scale (Haseeb and et.al., 2019). It is very important for
the business to improve its resources and make them available for gaining the profitability and
ensuring the gaols and objectives are achieved within the business. Therefore, this project topic
has been chosen so that the business is able to identify the concerns regarding the providence of
the resources at large scale effectively.
4. Aim
To analyse the impact of the issue of lack of resources on business and strategies to
mitigate it – A study on Marks and Spencer.
5. Objectives
 To understand the concept of lack of resources for a business.
 To analyse the impact of issue of lack of resources on business.
 To evaluate the importance of mitigation strategies for the issue in Marks and Spencer.
 To recommend strategies to mitigate lack of resources in the business.

6. Achieving Objectives
The objectives will be achieved by identify the issue which the business is facing at large
scale. With the help of objectives, mitigation strategies will be framed which will analyse the
problem which is lack of resources (Learning, 2020). By framing the proper structure and
analysing the key points which are to be achieved for the project will be analysed and identified
at large scale. This will help in addressing the concerns regarding the solving of the issue which
is lack of resources. the objectives will also be achieved by preparing the themes which will
helps in achieving the results at appropriate manner.
With the help of Literature Review, the objectives will be achieved as they will help in
framing and explaining the parts which is essential for addressing and analysing the key concerns
which are related to impact of the issue which is lack of resources (Almgren and Hjelm, 2021).
This will help in identifying the concerns which are being initiated and are considered as
important regarding the growth and development of the business. There will be proper
explanation of how the objectives will be achieved by analysing and identifying the issue at large
scale in respect of the business in effective manner.
7. Timescale
Time scale is defined as the detail schedule of the project as to what is to be included
within the project. There will be certain activities which will be performed in different weeks and
this will help in indicating that the project activities will include all the essential points which are
to be included within the project effectively.
Activities Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7
Selecting
the
research
topic
Developing
research
aim and
objectives

Conducting
literature
review
Analysing
market
strategy
Evaluating
impact
analysis
Analysis of
constraints
Submission
of research
project
8. Background of the problem
The problem which is identified is that are issues which are concerning the lack of
resources within the business at large scale. This is the major problem that the business is being
impacted by the lack of resources within the company which is Marks and Spencer. Due to lack
of resources, the company is unable to identify the assets which are made available (Morkunas,
Paschen and Boon, 2019). This leads to the projects which are understaffed and underequipped
and this creates the problems related to insufficiencies which leads to problems and
communication issues between the team members of the company. For example – due to lack of
resources Marks and Spencer faces the problem regarding the lack of resources. This is affecting
the business and the company is unable to seek growth and development at large scale. This is
the major problem which helps in indicating that the company needs providence of resources at
large scale.
9. Literature Review
Theme 1 - Concept of lack of resources in a businesses

Haseeb and et.al., (2019) stated that lack of resources is a state where a business is unable
to procure the required resources which are necessary for them to conduct their business
operations appropriately. When there are less resources available in the business, there are more
issues which generally arise with the organization which has an adverse impact on their
capability to produce better quality of output in the industry. The ineffective management of
resources is a reason why many organizations fail to fulfil their aims and objectives properly.
According to Bigliardi and et.al., (2022), lack of resources is the inefficiency of the
business to allocate their resources properly for gaining competitive advantage. It is suggested to
be one of the most important aspect which a company needs to provide due consideration to in
order to reduce the risk of losses and challenges which have to be faced by the company due to
this factor. It may have significant influence over the results which are achieved by the business
in the industry for increasing their productivity in the business environment. If an organization
fails to manage their resources properly, serious repercussions may be faced by it which can have
a negative impact on their overall development process.
Theme 2 - Impact of issue of lack of resources on business
As per Pham, (2020), It is very important to analyse the impact of issue of lack of
resources on business. Due to lack of resources, the business growth and development is also
affected and this concerns the aspects regarding the profitability of the business. There has been
greater impact of issue regarding the lack of resources on business at large scale. The business
due to lack of resources will not be able to operate and function within the different departments
which are being managed and are addressed within the company. There are number of operations
and processes which will be affected due to the lack of resources. Resources are the major source
through which the company is able to create value and contribute in the business at significant
scales.
According to Canhoto and Clear, (2020), resources availability is the major concern
which helps in addressing that their lack is not contributing to the business and this is indicating
the perspectives related to success to be achieved at large scale. The projects within the
scheduled deadline are also affected and this impacts their time of completion due to the lack of
resources at large scale. This is how the company will be impacted at large scale and in effective
manner possible for growth.

Theme 3 - Importance of mitigation strategies for the issue of lack of resources
As per Klimova, (2019), there are several issues that arise before the business which has
a negative influence on its overall effectiveness in the industry. Appropriate mitigation strategies
needs to be prepared and implemented by the management in order to eradicate the negative
influence of these aspects on the business. These strategies are useful for the business to enhance
their overall performance by making effective changes in the way they are conducting their
business practices. It has a positive impact on their overall management of the resource planning
process which is necessary for the business to grow and gain better advantage in the industry.
Haynes and Haynes, (2022) stated that mitigation strategies should be developed by
businesses to minimize the possibility of the risks which have a negative impact on the success
of the organization. These issues are not beneficial for the company to grow and achieve better
quality of output in the industry which is necessary for achieving growth. Business may have a
positive approach towards the mitigation of these challenges as they are helpful in enhancing the
success of the business in the industry.
10. Marketing strategy
The business will adopt a specific marketing strategy which will be beneficial for them to
improve their efficiency in managing different resources and increasing the overall output of the
business in the industry. Marketing strategy is an appropriate plan which is useful for the
business to identify major issues and challenges which have a negative impact on their business
practices. Effective strategies are them prepared by the management in order to mitigate these
risks which are crucial for the business to grow in the industry.
The business will use the product strategy by which it will focus on providing quality
products and services to the customers at minimum prices. This may be beneficial for the
organization in order to eliminate the negative factors which are useful for the business to grow
and achieve better success in the industry (Guldmann and Huulgaard, 2020). This can be useful
for the business to manage their work appropriately and increase the interest of the customers
towards the products and services which are provided by them in the industry.
This is useful for the business to gain competitive advantage in the industry by improving
the quality of their products and managing all the resources which are necessary for mitigation of
the challenges. More emphasis will be given by the business on the quality of output which is
achieved by the company in the industry which is beneficial for them to grow and achieve better

productivity. With the help of this aspect, the business may be able to allocate their resources
properly and evaluate the actual need which is necessary for the business to grow and achieve
better success in the competitive business environment.
The business may segment their customers by analysing the market properly which can
be beneficial for increasing the overall success of the business in the industry to grow. It is useful
for gaining better competitive advantage and enhancing the development opportunities which are
necessary for ensuring the success of the business in the industry. The existence of the business
in the market will be able to facilitate by allocating their resources properly and improving their
production and distribution process. With the help of these aspects, the business will be able to
find better opportunities in the industry to expand their services to new markets and improve
their competitive advantage between their key rivals in the industry.
11. Impact analysis
Lack of resources is a major issue which has a significant impact on the overall
performance of the business to produce better quality of output in the industry. The business may
face difficulties in operations if there are not appropriate resources and services available with
them for further use. This may have a significant impact on their overall effectiveness in
increasing their growth in the industry and achieve their targets on time. The poor procurement
and management of the resources is a major aspect which has a negative influence on the success
of the business to produce better results in the industry. Due to these aspects, the business is
unable to gain better advantage and increase their success opportunities which are helpful for
them to grow.
The management of resource needs of the company is a significant factor which is
required to facilitate the production process of the business. These resources are an integral part
of the overall production and procurement process which is necessary for the business to grow
and gain advantage in the industry (Wang and Yu, 2020). It is necessary for the organization to
procure their resources appropriately in order to standardize their business processes properly. It
is crucial for them to grow and achieve better advantage in the competitive business
environment.
Lack of resources in the organization may lead towards delay in the work which can
further increase the expenses and losses of the company. The employees may get dissatisfied due

to these issues which is inappropriate in order to grow and create better practices in the industry.
This may create difficulties for the business to motivate their employees to develop better
practices and increase their efficiency in the industry. Inefficiency of the business to manage
their overall resources like raw material, workforce, assets etc. may lead towards several issues
which can increase the challenges which are faced by the business in the industry.
This is a negative factor for the business which may degrade its image in the market
which is not appropriate for them to grow and achieve better success in the industry.
Unavailability of the required resources with the company increases the issues which has a
negative influence on the capability of the business to show effective results for the benefit of the
company. The business is unable to maintain their significance in the industry due to these
aspects which are crucial for them to grow and achieve better advantage in the industry.
This may have a negative impact on the society as the company performance of the
business in the competitive environment will significantly decrease which can create issues for
the company to grow. This has a major impact on the efficiency of the business to deliver the
promises which they have made with their clients in the industry. This will create hindrance for
the business in the market which is inappropriate for their growth in the industry as a whole. The
workforce may face issues in achieving their targets effectively due to these aspects which are
crucial for them to achieve growth in the industry.
Instability in the business environment will increase due to the lack of resources which
are available with the organization in the business environment. Due to this instability the
capability of the business to execute simpler tasks will be lost. It may have a negative influence
on the success of the business in the industry. The business will not be able to give appropriate
emphasis to complex projects which have a negative impact on their effectiveness in the
industry. With the help of different aspects, the business will be able to grow and create better
opportunities which are useful for increasing the quality of output for the business. There are
several changes which have a significant impact on the success of the business in the industry.
The overall morale of the team will decrease leading towards difficulty in managing the
work on time. It can create a complex business environment for the company where the
managers are not provided with appropriate resources for completing the tasks and
responsibilities effectively. It has a negative impact on the valuation of the company and the
business is unable to impress their investors which are one of the major stakeholders of the

business in the industry. Due to this aspect there is a sense of threat in the business environment
which degrades the quality of results which are achieved by the business in the competitive
business environment. People are unable to execute effective results in the competitive business
environment which has a positive impact on the success of the company in the industry.
12. Constraints
Arranging finance
The financial aid for the organization can be arranged by asking for investing from angel
investors which will be helpful for the business to allocate their money to be spent on specific
resources which are important for the company to grow. This investment will provide better
assistance to the organization for acquiring better resources and material for reaching their goals
effectively.
Finding a location
Popular locations which are near public places like airports, parks, shopping malls will be
targeted by the business in order to attract more and more customers to buy their products. This
will be helpful for them to increase the interest of the customers in visiting their stores more
frequently.
Government approval
Taking appropriate approval from the government is useful for the business to reduce the
risk of hindrances from the side of the government officials on the business. This will be
necessary for the company to be safe from these practices in the industry (Hyytiä and Righter,
2022).
Resistance from local business
Local businesses often creates difficulties for the organization to operate successfully in
the business environment. They often have a negative impact on the competitive advantage of
the business in the industry.
Resistance from local people
Local people also create difficulties for the businesses by giving preference to other
businesses which provide better offers and services to them which is helpful for them to grow. It
is crucial for the company to provide better services these businesses and attract them towards
their organization.

13. Conclusion
From the above report it has been analysed that Marks and Spencer has found that lack of
resources is a major issue for them which has a negative impact on their effectiveness in the
business environment. There are different mitigation strategies which are used by the business in
order to reduce the negative impact of these aspects on the development of the business. With the
help of these strategies the organization has been able to create better opportunities in the
competitive business environment. Due to the changes in the business process, organization have
been able to experience positive changes in their results which is helpful for them to grow and
achieve better quality of output. It has been crucial for the company to adopt new practices and
enhance their business system for improving their overall management of the resources properly.

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