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Leadership Style at Marks and Spencer

   

Added on  2021-02-20

9 Pages2420 Words345 Views
CONTEXT OF BUISNESS

INTRODUCTIONContext of business is wide world in its own that consist the different factors of thebusiness situation like, environment of the business organization. Framework of the business,settings and situation from the business is being surrounded. This report of the context of thebusiness is based on the Marks and Spencer plc, which is a British multinational company. Thatprovide wide range of products to the customers. With the help of this report, brief history of theMark and Spencer company. Vision, leadership style and management style will be consideredthat are applied by the company. Further more impact of the business by the culture andmanagement style of the organization. Lastly recommendations will be given to improve theleadership style, management style of the company.MAIN BODY1 Brief history and summary of Business. Mark and Spencer is a British multinational company. This company works in the retailindustry to fulfil the needs of the customers. Headquarter of mark and Spencer is in Londonunited Kingdom. Mark and Spencer was founded in the year of 1884 by the Michael Marks andThomas Spencer. On the basis of founder's last name, company's name was decided, which isMark and Spencer. Chairman of Mark and Spencer is Archie Norman and Steve Rowe is its chiefexecutive. In 1998, Mark and Spencer was the first company of the British retail industry tomake -pre tax profit of over 1£ billion.Mark and Spencer currently served its services in 1463 number of location as accordingto the year 2019 with the help of their 959 stores kin the UK its self and 615 stores in othercountries (Jones and Comfort, 2018). Company has different brand like Per Una, Autograph,Limited edition, Classic, Mark and Spencer collection, Blue Harbor, Mark and Spencer energyand Mark and Spencer bank, which is owned by HSBC. With the help of these brans and widerange of the stores, market and Spencer provide the different products like high quality clothing,food products and home utilities -product. In which, Mark and Spencer is specialised in sellinghigh quality clothing. Mark and Spencer is listed in the London stock exchange and alsoconstituent of the FTSE 100 Index. The largest shop of Mark and Spencer in London, which is at Marble arch on Oxfordstreet. In the year of 2019, revenue of the company is £10,377.3 million. Operating income of the

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