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Internal Management Principles Assignment

   

Added on  2021-01-08

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Module Title:Internal Management Principles Assignment Number and WeightingCW250% of module markModule Code:111SAMAssignment TitleCourseworkRelease Date:30/05/2020Module LeaderAla’a Azzam / Mary CrossanSubmission Date/Time:7th August 2020 18:00:00SubmissionTime and Place:Submission through Turnitin ONLY1 | P a g e
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TABLE OF CONTENTSIntroduction..........................................................................................3Internal factors Affecting Organisations..............................................3SWOT Analysis.................................................................................3Impact of Covid-19 on business...........................................................5Managing Change.................................................................................5Leadership approach.............................................................................6Impact on staff motivation and support services..................................7Conclusion............................................................................................7References............................................................................................82 | P a g e
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IntroductionMany countries around the globe are still under lockdown norms due to widespread covid-10 pandemic. Amidst the strict measures taken to curb the spread of coronavirus, the retailers arelooking for new ways to cope with the situation (Gourinchas 2020).In the United Kingdom alone, almost one-fifth of the business in the private sector organizations have succumbed to the economic shock bought on by the pandemic enforced lockdown. Obtaining the exact figure of the economic losses and business which have a complete shutdown is difficult as many companies are operating from home or temporarily closed.In the domain of private sector organizations, Marks & Spencer is one of the renowned brands in the fashion and apparel industry operating in the U.K (Marks & Spencer, 2020). Marks & Spencer’s was already facing a meltdown in financial gains ever since early 2000’s and the pandemic hot has further declined its position. In this report, we will focus on the decrease that M& S has faced due to the pandemic. The report will explore the decision making that the company plans to undertake to tackle financial crises in these modern times.Internal factors Affecting OrganisationsSWOT AnalysisThe SWOT analysis here aims to examine the strengths, weaknesses, opportunities, and threats associated with M&S. By analyzing these, M& S needs to revise its strategies to overcome the impact of the external impact, which is the pandemic effects on the industry (FATRICIA 2016).StrengthsMarks and Spencer possess many strengths, especially of its brand value and wide range of products that it has to offer, which will help the business survive the Covid-impact.Brand recognitionMarks & Spencer holds a high brand value, and it is a giant in the U.K high street fashion industry. The brand value and awareness attract clients towards it.Variety of Products offeringsMarks & Spencer had started selling vegetables and fruits over 40 years ago and relied on good relations with the farmers to increase their variety of products. The switch to offering groceries apart from fashion apparel is a great advantage to M&S, especially in times of Covid-19, where people are more inclined towards purchasing groceries than apparel. It can be said that groceries have been a huge savior for M&S during the pandemic.3 | P a g e
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