Management Practices and Comparative Analysis of Next Plc and Frasers Group

THE PRACTISE OF
MANAGEMENT

Table of Contents
INTRODUCTION...........................................................................................................................................3
MAIN BODY .................................................................................................................................................3
Financial and market performance.........................................................................................................3
Staff, shareholders, customers, and other key stakeholders..................................................................5
Corporate Governance issues, including an analysis of the profiles of the CEO, and the Board of
Directors.................................................................................................................................................6
CONCLUSION...............................................................................................................................................8
REFERENCES ..............................................................................................................................................10

INTRODUCTION
Management is a business practice that ensures the continuity and growth of an
organisation. Without the proper management the organisation cannot face the challenges and
could perish with the ever changing market. There are several factors that are to be considered
while managing an organisation or a company (Al-ahdal and et. al., 2020). These factors are, the
competition in the served market, the target customers, external factors, internal factors, trends
and changes that affect the company, promotion and marketing. All these factors are to be
considered in the process of management and appropriate strategies should be made accordingly.
This report is based on the analysis a comparative analysis of Next Plc. and Frasers Group. Next
Plc as the name suggest is a private limited British company that serves in the clothing industry,
footwear and related home products. Its prime competition in the market is offered by Arcadia
group, Debenhams and Marks & Spencer. The other company that has been mentioned is Frasers
group, it is a retail company that primarily deals in the sport brand and textile industry. There is a
branch of the group that deals in the electronic and hence the Frasers Group is a company that
has operations in multiple industries. In this report through the comparative analysed of the
discussed companies from the Plc type organisation an attempt to better understand the
management of the companies is made. This report consist of the the segment wise comparison
for example financial and market performance of these two companies of the past years and
along the changing trend is compared (Barauskaite and Streimikiene, 2021). The size and the
scope of the two companies along with the analytics profile of the CEO is compared in order to
understand the management practice of the two companies.
MAIN BODY
Financial and market performance
Next is a British multinational clothing company operating in UK origin. The company
being a retail company have to face lot of competition in given marketplace of the company.
Managers and leaders of the company dedicates pure efforts towards attainment of desired
results and objectives of the company by formulating various plans as well as strategies within
the organizational structure of an organization. In the current business environment, wherein
manager of a business firm has not only go through uncertainties in given business environment
but also has to deal with various competitors of the company offering similar products as well as