Internal and External factors-Mark and Spencer's

This presentation discusses the impact of internal and external factors on the business of Mark and Spencer's. It covers political, economical, technological, infrastructure, structure and production management, and CSR factors. Mark & Spencer's is positively affecting the economy and environment by providing employment and adopting eco-friendly practices.

INTRODUCTION
There are various internal as well as external factors exist in the organization that have impact upon the environment as well as on the organization itself.
The way external and internal factors affecting
a specific business
For a business to be successful in the industry, it should
have to do analysis of internal as well as the external
factors of the industry. After the brief study of the factors,
it became easier for the company to adopt and practice
new strategy to overcome the weaknesses to overcome
all the lacking to be sustainable within the industry
The way Mark and Spencer are affecting the external
environment
• Environmental: Nowadays, Mark & Spencer is focusing upon
being environmental friendly by adopting the Eco-friendly
material within its practices.
• Economy: Mark & Spencer have 69,577 employees count
over the different countries. The way Mark and Spencer is
providing employment to the local population, company is
positively affecting the economy within the environment.
• Corporate social responsibility: Mark & Spencer is dealing
the responsibility towards the society by implementing the
CSR practices within its behavior (Schönherr, Findler and
Martinuzzi, 2017).
CONCLUSION
From the above study, it can be concluded as there are
various factors that have impact upon business of Mark and Spencers.
The way external and internal factors have impact upon Mark &
Spencer, must be considered for the growth of business.
REFERENCES
Books and Journals
Kuusela, E., 2019., Sustainability trends effecting modern business
practices.
Tikhonov, A. and Zelentsova, L., 2021., Analysis of External and Internal
Factors of Business Competitiveness. Quality-Access to Success, 22(182).
Whelpley, C.E. and Perrault, E., 2021., Autism at work: How internal and
external factors influence employee outcomes and firm
performance. Journal of General Management. 46(3). pp.210-219.
Internal factors and their impact on the
business of Mark & Spencers
• Infrastructure: Mark & Spencer have one of the
best infrastructure in the store manner. The
company had utilized the whole space by its
diversified products such as clothes, shoes, gift
items, home decor etc
• Structure and production management: Mark
and Spencer uses effective flat organization
structure to encourage the employees in precise
decision-making within the organization
• Employing suitable workers and
subcontractors: Mark & Spencer directly do
contact with the suitable subcontractors so that
they can lead the supply towards the big
achievement in the account of company.
External factors and their impact on the business
of Mark & Spencer's
• Political factors:. In Mark & Spencer's, as EU has
overturned the capital freedom law in UK, so it
became important for the Mark & Spencer's to
have focus on that factor
• Economical factor: Economic factors includes
various attributes such as inflation rates, NI and tax
paid, growth rates of economy etc. (Tikhonov and
Zelentsova, 2021).
• Technological Factor: . Mark & Spencer's are
adopting the digitalization within the online grocery
shopping with respect to home delivery services,
check points for the self services etc.
Internal and External factors-Mark and Spencer's