SWOT Analysis Marks and Spencer
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Added on 2020-06-03
SWOT Analysis Marks and Spencer
Added on 2020-06-03
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Business and BusinessEnvironment
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1. Purpose of private, public and voluntary organisation with their legal structure.................1P2. Size and Scope of M&S, NHS and Oxfam...........................................................................4TASK 2............................................................................................................................................6P3. Relationship between various functions in M&S for attaining mission and objectives.......6TASK 3............................................................................................................................................7P4. Positive and negative impact of macro environment on M&S.............................................7TASK 4............................................................................................................................................8P5. SWOT analysis Marks and Spencer.....................................................................................8P6. Interrelate with strength and weaknesses with external macro factors...............................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
INTRODUCTIONBusiness environment consists of the elements and conditions in which a businessprevails. These factors are available in both internal and external environment and any change inthese can hamper the enterprises. They all impact the operational functions which includescustomers, suppliers, technology, social trends and government activities. Companies have lesscontrol over external factors, so they come out with certain strategies in order to adapt accordingto these factors. To attain all the business goals and objectives, it is necessary that there shouldbe effective management. This project highlights the different types of organisations and theirsizes and scope. Other than this, there will discussion about interrelation between certainfunctions of a company and their link to its structure. At the end, there will be PESTLE andSWOT analysis to know about the internal and external factors of Marks and Spencer. TASK 1P1. Purpose of private, public and voluntary organisation with their legal structureIn the business environment, generally there are three types of organisations that areprivate, public and voluntary. Each of them have certain significance at their place as theirdevelopment plays a crucial part in growth of economy. Companies provide jobs opportunitieswhich brings improvement in the lifestyle of people, so whatever business activity is performedby them directly impacts them. Private Sector: - Each organisation which exists in market has some or other purposes &scope, so any firm which belongs to private segment has aim of earning profit and to expandtheir market share. The ownership of such type of organisation remains in the hands of theprivate hands. Most of the companies in business environment are the private organisationwhether they are small or large depending upon their production and revenues. They act as thebackbone for any economy so it is the duty of government to create an environment whereprivate companies can grow more. To know whether the organisation is small, medium or large,it is necessary to compare them on the basis of number of employees, capital and the productioncapacity they hold. But to run any business there is requirement of the funds so private firms getsfunding from the bank , their personal savings and the subsidies provided by the government.They always looks for the new opportunities where they can take their market on new heights.Marks and Spencer is an example of private retail company. 1
Sole Traders: -This is a kind of organisation where all the activities are managed by asingle person and at the same time, he takes all the decisions. Any company having a singleowner will be example of this. . Partnership: - When any firm is owned by two or more people forming a partnershipwith each other. These people comes together and take decision on mutual agreement. 2Illustration 1: Legal structure of private sector.
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