PESTEL Analysis of Mark & Spencer and Key Elements of Change Management

BUSINESS ENVIRONMENT

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
PESTEL Analysis of Mark & Spencer........................................................................................3
Determine key elements of change management.........................................................................5
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................6

INTRODUCTION
The report is based on business environment that refers to as sum of all external elements
to organization. The company is Mark & Spencer which is located in UK, and is a retailer
industry. In this study, PESTEL analysis of organization is determined.
MAIN BODY
PESTEL Analysis of Mark & Spencer
Elements Factors Influence
Political Political stability In order to M&S, it determines
benefits of large area of
business in order to these
products and services can
travel independently in
distinctive countries without
restricted any taxes and other
key factor. It plays significant
role in political factor of
organization
performance(Thakur, 2021). In
respond to condition of UK in
political sector, it is observed
that various government
regulation are determined in
food retailer industry.
Economical Demand and cost In context to organization, it
builds towards decrease in
demand for large amount of
product and services because
of less aspect of disposable
cost that is getting from
consumers.