This report provides a SWOT and PESTLE analysis of Marks and Spencer, identifying its strengths, weaknesses, opportunities, and threats, as well as the impact of its business practices on the external environment.
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Introduction The contemporary business environment is full of competitionandalsointernalandexternal factors of the environment have a significant impact on the growth and development of the organisation. Marks and SpencerAnd Its Environment Name of the Student PESTLE ANALYSIS Political:here is decline in the cost of free trade policy which is the opportunity for the Marks and Spencer to comply with market development in order to expand the business in different countries. Economic:UK has consistent economic stability which is good for the Marks and Spencer business to grow and gain higher revenue and turnover for organisation. Social:UK fashion industry rapidly evolves so is the customer choice and increases the supply and demand of clothes and also drives innovation in Marks and Spencer. SWOT ANALYSIS Strengths Companyiswellexperiencedandhasan outstandingreputationandpopularityinUK market for providing quality products to their customers. Weaknesses It is exhibited that customers of Marks and Spencer level of satisfaction level due to the issues in the return policy which is weakness of company as poor brand loyalty Opportunities Investingmoreintotheonlinestoreisan opportunity for Marks and Spencer. Threats The rival companies like Amazon, e- bay are the threattoMarksandSpencertogrowitse- commerce presence among customers. References Mania, M. and Nedumaran, G., 2019. Consumer perception and SWOT analysis of organic food products. Shad, M.K., Lai, F.W., Fatt, C.L., Klemeš, J.J. and Bokhari, A., 2019. Integrating sustainability reporting into enterprise risk management and its relationship with business performance: A conceptual framework.Journal of Cleaner production.208. pp.415-425. Impact of business practices on external environment Sustainability and CSR:Marks and Spencer has is environmental friendly production and also complies with the low wastage formula which is positive for the external environment of UK improves the sustainability. CONCLUSION It is concluded from the above report that for identification of market opportunities and threats and to recognise internal strengths and weaknesses internal and external analysis is important using Swot and Pestle analysis tool.