Impact of Poor Corporate Strategy on Financial Performance of Marks & Spencer
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Added on 2023/01/19
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This presentation explores the impact of poor corporate strategy on the financial performance of Marks & Spencer. It discusses the importance of corporate strategy, the drawbacks of poor strategy, and ways to overcome them.
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Research Project (“To analyze the impact of poor corporate strategy on financial performance of company”. A study on Marks & Spencer).
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Introduction to the Research Corporatestrategyencompassesanorganisation'scorporate action with the motive to accomplishbusiness objectives while attaininga competitive advantages. Theeconomic success of company is not only relies on innovation, quality management and efficiency but also on acquiescence of corporate strategy principles.
Background of Marks and Spencer Marks & Spencer is a British multinational retailer in all over the world. It was founded in 1884 by Michael Marks, Thomas Spencer and headquartered in London, United Kingdom. In year 2010 the sales of company were up by 3.2% despite recessionary pressure. In addition, the overall gross margin of business was around 41.2% with its sales revenue which is £9.3 billion (Marks and Spencer Business and Financial Performance Analysis.2019).
Research Objectives To develop basic understanding regarding the corporate strategy. Toidentifyimpactofpoorcorporatestrategyonfinancial performance of Marks & Spencer. Toanalysiswaysthroughwhichimpactofpoorcorporate strategy over financial performance of Marks & Spencer can be overcome.
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Importance Of Issue Corporatestrategyincludesthedecisions,actionsand commitments needed for an enterprise to accomplish strategic competitiveness as well as earn above average returns. As it willhelpsanorganisationbyimprovingitsfinancial performance within set time.
Literature Review Understanding regarding the corporate strategy. According to the Vicki A. Benge, 2017, Corporate strategy refers as a company plan to select and create specific markets in which to compete while enhancing the different unites or divisions of the enterprise.
Impact Of Poor Corporate Strategy On Financial Performance Of Marks & Spencer. AccordingtotheKevinJohnston,2019,therearedifferent drawbacksofpoorcorporatestrategyonfinancial performance of M&S. It includes, poor communication across stakeholders, lack of a clear and defined direction, frequently missing deadline for deliverables, lack of delegation, high levels of bureaucracy and so on.
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Ways For Overcoming Impact Of Poor Corporate Strategy According to the Bruna Martinuzzi, 2013, there are different ways suggested to the Marks & Spencer about how to overcome impact of poor corporate strategy on its financial performance of M&S. Company must do proper research and identify needs of stakeholders. As it will helps them to retain employees for long time and increase trust among customers about the brand.
Research Methodology Questionnaire is consider most essential and useful method for analysis primary data regarding the impact of poor corporate Strategy over financial performance of company. It is most useful technique of data collection and helps investigator by providing reliable and valid information about the current study.
Secondary Source Of Data Collection Books, articles, magazines, publication research etc. are consider major sources for collecting secondary information about the current study. As these sources helps researcher by giving in- depth and detailed information about the negative impact of corporate strategy on financial performance of business
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Ethical Consideration Participants of study should not be subjected to hurt in any kind. Respect for the dignity of participants within research must be prioritised. Full consent must be get from the respondents prior to the study.
Gantt Chart It introduces as an effective tool which will be used by researcher for finding starting and ending data of each activities.Asthistollhelpsresearchertocomplete research within given time duration.
References Marks and Spencer Business and Financial Performance Analysis.2019. [Online]. Availablethrough:<https://customwritings.co/marks-and-spencer-business-and- financial-performance-analysis/>. Vicki A. Benge, 2017.2017. Definition of Corporate Strategy. [Online]. Available through:<https://bizfluent.com/info-7746270-definition-corporate- strategy.html>. KevinJohnston.2019.ImpactofPoorStrategyExecution.[Online].Available through:<https://www.achieveit.com/resources/blog/7-signs-poor-strategy- execution>. Bruna Martinuzzi. 2013. Ways to Overcome the Obstacles That Kill Businesses. [Online].Available through:<https://www.americanexpress.com/en-us/business/trends-and- insights/articles/8-ways-to-overcome-the-obstacles-that-kill-businesses/>.