The Business Environment of M&S Essay

   

Added on  2020-07-23

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The Business Environment
The Business Environment of M&S Essay_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Describe type of business, purpose and ownership of two contrasting businesses...............1P2 Describe the different stakeholders who influence the purpose............................................2TASK 2............................................................................................................................................3P3 Describe how two businesses are organised..........................................................................3P4 Explain how their style of organisation helps them to fulfil their purposes..........................4TASK 3............................................................................................................................................5P5 Describe the influence of two contrasting economic environments on business activities...5TASK 4............................................................................................................................................5P6 Political, legal and social factors are impacting upon the business activities .......................5CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8
The Business Environment of M&S Essay_2
INTRODUCTIONBusiness environment means all of the internal and external factors that affect how thecompany functions including employees, customers, management, supply and demand andbusiness regulations (Welford, 2013). It is very necessary to properly analyse and identify thecustomers demand as per that should be produce products and supply services to them. Thisresearch report will be discussing about different type of business which their has major purpose.There will be explain some factors which can be impacting on business firm which can benegative and positive in nature. Along with this, for effectively manage business environment sohave to be implement better management system so all employees can systemically completetheir decided task and achieve goals as well. TASK 1P1 Describe type of business, purpose and ownership of two contrasting businessesM&S is an international company and is part of the tertiary sector. M&S is a publiclimited company, the public part of it means that shares can be brought by the public and the thistype of organisation means that it has limited liability. Having limited liability has manyadvantages as it protects a shareholder from being responsible for more than their share ofcompany so they wouldn’t be accountable for the liabilities resulting from the bankruptcy. The purpose of M&S is to supply products; M&S also offers services but that isn’t theirprimary way of doing business. M&S is driven by profit meaning that they make sure that theirsales cover all of their running costs and more profit. Running costs include anything thatorganisation needs to spend money on in order for company to operate. When M&S was foundedthe main goal was to only sell British made goods that were of a high quality. M&S is a private company meaning that it is owned by its shareholders, shareholders donot run business, instead they have a senior management team (Aterido, Hallward-Driemeier andPagés, 2011). The current chairman of company ensures that all the board meetings runsmoothly and helps to achieve a consensus in all the boards decisions.National Health Service (NHS): The NHS is a national not-for-profit organisation and is part ofthe tertiary sector. The NHS is a public company meaning that it is owned by the government, itwas set up in 1948 by the labour government. The NHS is a not-for-profit business it is runmainly using money from taxation. The NHS is part of the tertiary sector meaning that it1
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