Analysis of Key Drivers for Organisational Changes in Marks and Spencer

Case study

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Complete a STEEPLE analysis establishing key drivers for any organisational changes..........1
Identify 3 socio-cultural and 3 socio- economic factors from the analysis which impact on the
choice of HRM interventions.......................................................................................................3
Critically evaluate stakeholder interest and make recommendations about how HRM activities
.....................................................................................................................................................5
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Human resource can be describe as one of the most crucial and essential part of business that
helps in conducting different task in appropriate manner. it is important that company is
considering right and accurate practices of business so that it is able to attain desired goals
(Greer, 2021). This report is based on Marks and Spencer company. This is a public limited
company that is performing its business practices in retail market area. Marks and Spencer
company was developed in year1884 and founder of this organisation is Michael Marks and
Thomas Spencer. This company is providing high quality products and services to world wide
market area and its head office is located at London, England, UK. This report includes analysis
of key drivers of any organisational changes. In this socio cultural and socio economic factors
has been analysed which will impact on HRM interventions. Apart from this, stakeholders
interest has been analysed along with the recommendation about different HRM activities that
will assist company to enhance business practices.
MAIN BODY
Complete a STEEPLE analysis establishing key drivers for any organisational changes.
STEEPLE analysis can be describe as the proper planning process that will assist
organisation to make required changes. It is essential that company is considering different
factors that affect performance and functioning of business. STEEPLE analysis refer as the
social, technological, economic, environmental, political, legal and ethical. All of these factors
will lead to have major impact on overall performance of Marks and Spencer company.
STEEPLE analysis is an organizing device for advertising systems. STEEPLE is a high level
investigation as it estimates the enormous scope ecological external components. It offers proper
outline of various external fields. STEEPLE examination is utilized to check the authenticity and
sensibility of the superseding of business targets and methodologies. Any certain component
should be changed over into an action plan that will depict how to diminish the expected risks.
This investigation is extremely powerful and should be applied while noticing, accumulating and
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