M&S Stakeholder Analysis and CSR Policy in Emerging Economy

STRATEGIC
MANAGEMENT AND
CORPORATE SOCIAL
RESPONSIBILITY

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 2............................................................................................................................................1
2.0 Evaluation of CSR contribution to M and S success ...........................................................1
2.1 M and S stakeholder analysis................................................................................................2
2.2 CSR policy and supply chain sustainability in M&S............................................................3
TASK 3............................................................................................................................................5
3.0 Challenges and advantages of M&S production facility based in an emerging economy ...5
3.1 Triple bottom line..................................................................................................................6
3.2 Profits....................................................................................................................................7
3.3 People....................................................................................................................................7
3.4 Planet ....................................................................................................................................8
TASK 4............................................................................................................................................9
4.0, 4.1, 4.3 Recommendation with responsible selection of suppliers, human resource
development strategy and contribution in environment protection.............................................9
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11

INTRODUCTION
Strategic management is considered as the process which involves the formulation and
implementation of main goals and objectives initiatives taken by firm's top management on
behalf of owners. It is also essential for management to consider different internal and external
environment in which business competes so that desired results can be attained (Orlitzky, 2013).
Here, Marks and Spencer organization ha been undertaken which is a major British multinational
retailer headquarters in London. Company specialises in clothing, home products and luxury
food items. Thus, it is essential for business to undertake effective corporate social responsibility
practice and thus helps in improving focus upon corporate responsibility and sustainability.
Business aims to undertake such approach in regard to embed social and environmental
awareness and practices into its everyday strategic vision and does not affect the environment in
which firm is operating its business.
Further, in order to attain success within firm, it is essential for M&S to implement
effective CSR practices so that best results can be attained. Also, business needs to focus upon
prevailing environmental issues in the country and thus prepare the product accordingly so that it
does not affect the business functions. Employees within firm also needs to have clear vision
regarding understanding the goals and objectives and thus attain desired results in an effective
way. It is crucial for firm to follow CSR policy and thus attain desired results so that
environment could be protected from affecting. Marks and Spencer enhances its environmental
performance in regard to introduce more sustainable product and service and thus carry out the
trade practices so that it does not affect the environment. However, it aids in making the business
successful as well as compete with that in international market. Business also focuses upon
carrying out effective corporate social responsibility and thus enhance the brand reputation in
market to attract more number of customers and attain high profits.
TASK 2
2.0 Evaluation of CSR contribution to M and S success
Working with many suppliers together main sustainability of the company is depends on
its supply chain. In respect to considered retailer strategy, is very essential to future of the
company. M&S wants to take their operations according to customers expectations so that they
can take steps within the business accordingly. In addition to this, the company collaborating
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