ProductsLogo
LogoStudy Documents
LogoAI Grader
LogoAI Answer
LogoAI Code Checker
LogoPlagiarism Checker
LogoAI Paraphraser
LogoAI Quiz
LogoAI Detector
PricingBlogAbout Us
logo

Business and the Business Environment

Verified

Added on  2023/01/07

|10
|2045
|72
AI Summary
This report discusses the external and internal factors of the company, Marks and Spencer, and how these factors affect the operations of the business. It covers various types and objectives of organizations, the size and scope for different types of organizations, and the structure and functions of organizations. It also includes a PESTEL analysis and SWOT analysis of Marks and Spencer.

Contribute Materials

Your contribution can guide someone’s learning journey. Share your documents today.
Document Page
Business and the Business
Environment

Secure Best Marks with AI Grader

Need help grading? Try our AI Grader for instant feedback on your assignments.
Document Page
Contents
INTRODUCTION...........................................................................................................................3
PART 1............................................................................................................................................3
1) Various types and objectives of organisation..........................................................................3
2) The Size and the scope for the different types of organisation...............................................3
3) Structure of the organisation and their functions....................................................................5
PART 2............................................................................................................................................5
PESTEL Analysis-.......................................................................................................................5
SWOT analysis............................................................................................................................6
c) Inter relational between external and internal factors.............................................................7
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9
Document Page
INTRODUCTION
Business condition or environment is explicitly being considered as situation, which centres
over both inner alongside the outside components. Fundamentally, these are the particular
components that impacts upon organization's exhibition level among both negative and positive
way. In this way, it is required for the organization to continue causing proper changes among
every one of these components so as to dispose of any dangers that may influence organization's
efficiency and productivity. This report discusses about the external and internal factors of the
company, Marks and Spencer and how these factors affect the operations of the business.
PART 1
1) Various types and objectives of organisation
The Public Organizations, at that point now it will be considered as the section which on
a very basic level coordinated over accounts given or driven by government to develop the
country and its money related conditions (economy). From building frameworks, criminal cases,
authorizations various extent of organizations are being given by the administration. Under this,
public association that has been taken into contemplations is Crown Prosecution, which is
viewed as an office which executes criminal cases in Wales and England. Basically the essential
explanation or the reason for this affiliation is to offer support and energize related to
authorization related legitimate publications given to the police for looking to decide the changed
cases that are explicitly associated with criminology.
Close by this, another area that has been thought about is Voluntary affiliations that explicitly
comprise of a specific extent of organizations in order to ad lib the expectations for everyday
comforts given or offer the asylum to helpless (Ištvanić, Crnjac Milić and Krpić, 2017). Close by
this, Oxfam can be contemplated of an awesome model, which is performing number of tasks to
increase living expectations of residents who are not winning, offering instruction to youngsters
whose guardians can't manage the cost of the instructive charges, etc. This is explicitly done not
to procure cash however to upgrade the expectations for everyday comforts and for different
purposes too.
2) The Size and the scope for the different types of organisation
The size and the scope for various type of organisations are:
Document Page
Micro associations, that are explicitly going inside smallest region yet, conveys an actually
quite gigantic effect over economy of UK. On the off chance that it is discussed this
organization, at that point size of this association essentially remains small in nature, where
primarily two or one staff part performs various assignments inside the shop and satisfies the
requirements of clients (Civelek and et al., 2016). Alongside this, small arrangement like shops
and all the more additionally focuses on a small territory in particular
Small business associations are the ones that small offer inside the market however it remains a
lot larger than micro segment. Fundamentally, these associations holds substantially more
procuring than the micro ones. These organizations chiefly hold least 2 and limit of 25
representatives as it were. Likewise, it has been discovered that development of organizations
that are going in close vicinity to this industry holds restricted piece of the pie and works
business among small region as it were.
Medium estimated associations that explicitly conveys high piece of the overall industry
however lower than larger associations. It is said that this specific division may create or break a
nation, since organizations under this area initiates workers normally and gets advancement
request to convey high rivalry to rivals. These organizations mostly hold 5 to 250 representatives
one after another (Strydom, and Rudansky-Kloppers, 2016). Likewise, it tends to be said that net
revenues under this area explicitly remains actually quite high in nature as it conveys high rivalry
to rivals in that are going under small, micro and larger part
Large associations performs various assignments so as to get the a decent level of piece of the
overall industry through performing organizations among various districts and the regions of the
world. Marks and Spencer is especially one of the genuine model that is going under this part,
which isn't just performing number of tasks inside United Kingdom, yet among various countries
too like India, Australia, etc (Specifically Asian and African landmass). Under this segment, an
organization holds staff individuals more than 250. Counting this, intention of these
organizations remains to turn into a pioneer, which encourages them in giving great competition
to clients.

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
3) Structure of the organisation and their functions
Functional structure: In practical structure the offices are isolated based on capacities they
perform into an association. For instance, deals office, fund office, human asset office,
promoting division, creation office and the so forward. Every one of these offices have their own
capacities and work to perform which are a lot of not quite the same as one another. As the
capacity of creation division is to deliver or produces the products and ventures for organization,
the capacity of human asset office is to enlist the gifted individuals for the organization, the
capacity of showcasing office is to do special and publicizing exercises for the organization and
such.
Divisional structure: In the divisional structure, the association is separated into levels. These
levels are top, center and low degree of the board. In low degree of the board comes the staff of
the H&M, in center degree of the executives comes the supervisors of the company and at the
high degree of the executives comes the proprietor or heads of the inn who frames the significant
mission and vision for the organization (Vokoun and Daza Aramayo, 2017). In this structure, the
progression of hierocracy is high to low, implies the high level administration level provides
request to center level individuals of the executives and afterward the centre level administration
individuals provides requests to low level administration individuals.
PART 2
PESTEL Analysis-
Political Factor
Positive Impact- Exploring more open doors at more extensive level by Marks & Spencer
expands which brings about getting more clients just as piece of the overall industry
development.
Negative Impact- Political components are dynamic and in view of new guidelines and
guidelines Marks and Spencer's need to change their approaches so changing done by
government are followed in appropriate manner.
Economical factors
•Positive effect: Economy of government is fundamental since that chooses the business
development and advancement. As economy of UK is ascending at quick level, Marks &Spencer
Document Page
get advantage from this factor since business area is steady and developing the nation over just as
around the world.
Negative Impact- Government contribution is more in this factor and isn't controllable by the
association. In setting to Marks &Spencer, there the executives structure get influenced at high
level by obstruction of this factor (Müller and Hoppstadius, 2017).
Social Factor
Positive Impact- When including social factors in to business Marks &Spencer can
decide the clients conduct effectively and which brings about appropriately distinguishing need
and necessity of clients.
Negative Impact- Marks and Spencer generally target medium and high status clients and
because of this procuring more clients in business become troublesome.
Technological Factor
•Positive Impact- In this factor, Marks &Spencer use innovation for security and wellbeing of
client’s information just as data.
Negative Impact- Upgrading innovation require gigantic expense and which prompts significant
expense of creation of Marks and Spencer.
Environmental Factor
Positive Impact- When zeroing in on this factor, Marks &Spencer altruism builds socially and
coherence of business upgraded for longer timeframe.
•Negative Impact- This factor is fundamental yet in addition it is tedious and Marks &Spencer
can't accomplish their objectives and destinations in legitimate way.
Legal Factors
•Positive Impact- A positive relationship is kept up by the administration of Marks &Spencer if
factors are overseen by lawful group viably.
•Negative Impact- Arising of legitimate influences the generosity of the at more extensive level
and furthermore the cycle is tedious.
SWOT analysis
STRENGTH
Marks & Spencer is old brand which
builds its trust among the individuals and
WEAKNESS
•Marks and Spencer has not had the option to
expand their business access over the globe in
Document Page
market.
Organisation advertising is objective just
as undertaking focused which makes
them unique in relation to different
brands.
view of rising rivalry.
OPPORTUNITY
•Firm have chance of expanding its business
income by securing productive assets and
labour.
THREATS
•Due to new participants of other retailing
brands Marks & spencer may free their incentive
in the market.
c) Inter relational between external and internal factors
Inter- relation STRENGTHS WEAKNESS
POLITICAL FACTORS
ECONOMIC FACTORS
Legislature of UK is severe
towards the arrangements and
techniques. Thus, Marks
&Spencer works with morals
and by observing guidelines
and guidelines which brings
about solid connection between
both the gatherings (Kokodey,
Gnezdova and Lomachenko,
2018).
Factors, for example,
compensation, charges, are
incorporated. In this, firm keep
up their administration and
Political elements influence the
business at expansive level due
to which Marks and Spencer
can't expand their exhibition
level.
Assessment and wages
influence the business and its
efficiency at more extensive
level.

Secure Best Marks with AI Grader

Need help grading? Try our AI Grader for instant feedback on your assignments.
Document Page
SOCIAL FACTORS
structure which brings about
sure results.
Zeroing in on social
components prompts increment
in brand picture of Marks
&Spencer's in the market just as
clients.
Tremendous time and viable
dynamic is important and which
can't managed without a
mastery or supervisory crew.
CONCLUSION
According to the report, there are various types of organisation; Micro, small, medium and
large and they all have different sizes and scopes. The report also includes the Pestel and SWOT
analysis of the M&S Company to know about the factors which affects the performance of the
company.
Document Page
REFERENCES
Books and Journals
Ištvanić, M., Crnjac Milić, D. and Krpić, Z., 2017. Digital marketing in the business
environment. International journal of electrical and computer engineering
systems. 8(2.). pp.67-75.
Civelek, M., and et al., 2016. A model of measurement of the quality of business environment in
SME segment. Journal of International Studies.
Strydom, J. W. and Rudansky-Kloppers, S. eds., 2016.Introduction to business management.
Oxford University Press Southern Africa.
Vokoun, M. and Daza Aramayo, L. G., 2017. Business environment index for developing
countries: The case of Latin America. Latin American Business Review. 18(2). pp.121-
137.
Müller, D. K. and Hoppstadius, F., 2017. Sami tourism at the crossroads: Globalization as a
challenge for business, environment and culture in Swedish Sápmi. Tourism and
indigeneity in the Arctic, pp.71-86.
Kokodey, T., Gnezdova, I. and Lomachenko, T., 2018, October. Modeling the global business
environment based on polycyclic theory. In The International Science and Technology
Conference" FarEastСon" (pp. 487-499). Springer, Cham.
Document Page
1 out of 10
[object Object]

Your All-in-One AI-Powered Toolkit for Academic Success.

Available 24*7 on WhatsApp / Email

[object Object]