This report provides a detailed case study of Marks and Spencer Company and its business environment. It also discusses the introduction of three different organizations associated with the business environment.
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Unit 1 Business and the Business Environment
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Table of Contents INTRODUCTION.................................................................................................................................3 MAIN BODY........................................................................................................................................3 Introduction of organisations.............................................................................................................3 Size and scope of different type of organisation................................................................................5 Different functional activity of organisation......................................................................................8 CONCLSUION...................................................................................................................................10 REFERENCES....................................................................................................................................11
INTRODUCTION Business environment is the projection of different internal and external factors that influences company’s operations. All stakeholders associated with the organisation are a part of the business environment. This report will project the detailed case study of Marks and Spencer Company in respect to its business environment. Company was established in the year 1884 by the founders Michael Marks and Thomas Spencer. Company operate its business operations in retail sect6or all across the globe. Organisation serves its services at more than 1400 locations all across the globe. Company is also listed in London Stock Exchange. This report will project the brief description of the company. Henceforth, report willprojectanoverviewaboutthreedifferentorganisationsassociatedwithbusiness environment.Thisreportwillprojectthebackgrounddetailsofthethreechosen organisations.Furthermore,report willemphasison howthefunctionsof thechosen company is interrelated to each other. MAIN BODY Introduction of organisations Marks and Spencer Company Marks and Spencer Company is a retail sector natively belongs to United Kingdom. Company is a public sector company conducts global business operations in retail sector. The company has a decentralised structure that supports company in managing and controls the entire operations of the company. Decentralised organisation structure allows company to segregate all functional activity of the company into different departments (Chekh and Vinnyk, 2017). Company’s organisation hierarchy comprises with multiple departments like sales, marketing, logistic, operation, human resource management, public relation and other functionaldepartments.Allsuchdepartmentsareassociatedwithdifferentfunctional activities. On the basis of the nature of operation all functions of company are assigned to a separate functional department. Decentralised organisation hierarchy allows company to improve the work efficiency of different functional activity of the company. Marks and Spencer Company is associated with the retail sector and also the company do not involves in producing the retail products. Company sale the products of other brands part of the retail sector. Products portfolio of the company is comprises with food products, home product and clothing line.
Aim and objectives of the Marks and Spencer Company is to create its dominance in the retail sector all across the globe. Company always engage with business expansion strategies which further resulted into currently Marks and Spencer Company conducting its business operations in more than 1400 business locations all across the globe. Business operations of the company involve different product segments that include food products, home product and clothing line. With the support of all such departments company control the functional activity of all such product segments (Esangbedo and Che, 2016). There is not any legal structure specified for the public sector organisation. Public sector companies can offer share holdings to general public. Public sector company can offer shares to the normal people in order to raise funds for different functional activity of the company. Marks and Spencer Company is listed in London Stock Exchange in order to raise funds for different functional activity of the company. With the support of its capital company raise funds. Legislation do not serve any restriction for the public sector company in context to ask funds from the general public in form of share holding in against to the functional activity of the company. Pound land Company Pound land Company is a retail sector company operate its business operations in retail sector. Company belongs to United Kingdom. Company is founded in the year 1990 by the founders Dave Dodd and Steven Smith. Headquarter of the company is located in United Kingdom. Company operate in more than 800 locations all across the globe. Company is associated with the private sector in United Kingdom (Fernandes, 2017). Organisation hierarchy of the Pound land Company is segregated into different departments on the basis of the nature of operations. Hierarchy of company serves various departments like marketing, sales, finance, human resource department and other functional departments. On the basis of the nature of operations all such functional activities are associated with such departments. Pound land Company is among the top private sector organisation conducts business operations in United Kingdom. Company deals ion grocery, consumer goods, DIY and electrical. On the basis of the legal requirements there is not any specific legislative requirement organisation needs to cope up with. Legislation implements restrictions over the private sector organisation in respect to offer share holding to the general public. Company can only ask funds for the stakeholders associated with the company in any context.
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Company can’t ask for funds from the normal peoples in United Kingdom in context to conduct normal functional activity of the company. The National Trust The National Trust is among the largest voluntary sector organisation associated with the United Kingdom. The organisation is associated with more than 3.4 million peoples in United Kingdom. The organisation is engaged in conservation of cultural heritage in United Kingdom. Trust operates its operations all across the United Kingdom (Gaur and Jasmin, 2017). All such trust needs to register in the legal structure of the United Kingdom. Trust are not associated with earning funds for the business the main aim of the organisation is to do some kind of social activity for the well fare of the society. National trust is among the most popular trust operates in United Kingdom. On the basis of the legal regulations there is not any restriction opposes on the trust in respect to its organisation hierarchy or structure. The trust is free from any structure opposes by laws. On the basis of the suitability of the trust it can acquire its structure. The functional activity of the trust is also segregated into different departments like marketing, operation, logistic and other functional department. On the basis of the nature of operations all functions of trust are segregated into these functional departments. Size and scope of different type of organisation Size and scope of different types of organisation can be projected in the following manner. Marks and Spencer Company Marks and Spencer Company is among the most dominating organisation in the retail sector. Company is based in Untied Kingdom and started its business operations in the year 1884 by Michael Marks and Thomas Spencer. Today company is engaged with global base of business operations at more than 1400 locations all across the globe. Marks and Spencer Company is growing at the rate of approximately 5% every year (Głodowska, 2017). This is an effective growth rate company is entertaining on an average basis in its business operations. Operation of company is vast in nature as the organisation is associated with more than 1400 business location all across the globe. Company serve various brands like Per Una, Autograph, Limited, Rosie, Blue Harbour and other top brands belong to the retail sector. Company is also a part of the FTSE 100 Index.
The organisationwasfounded by the partnership betweenMichael Marks and Thomas Spencer. Both the partners were migrated to England due professional career. Michael Marks was migrated to England in the year 1880. Thomas Spencer was the cashier in the market of Skipton, England. When he arrived in England Marks was already working with the company called Barren. In the year 18884 both the partner meet and started the organisation call Marks and Spencer. Company entertained an effective domestic growth in veryrecentyearswhichfurthertransformedintointernationalexpansionofbusiness. Company initiated its international expansion by opening stores in Canada in the year 1973. Today the organisation has becomes one of the largest retail sector chain with comprises 1400businesslocationsatgloballevel(Kasemsap,2018).Companycarryastrong dominance in the retail market all access the globe. Retail sector belongs to the basic needs and requirements of the customers as the products comprises with basic human needs that also offers heavy sales of the products for the company. Due to effective sales potential sector consist up with strong and aggressive competition can also see in the sector. Apart from the aggressive competitionfromother companieslikeAsda, Tesco, Wallmart andother companies the organisation conduct effectively meet up its business objectives due to strong leadership and decision making of the company. Marks and Spencer Company also operate its business operation over internet. Company is also engaged with e-commerce trade. Online retailing has been seen as the transformation in the entire sector. This is the new segment that becomes part of the industry due to technological advancement and developments. Marks and Spencer Company also a crucial part of the online retailing all across the globe. Company’s growth rate in the online retail sector is more than 12% all across the globe (Kumar and Pradhan, 2016). This can be projected as the improvise growth rate company as the online retailing offers more aggressive market competition as compare to other retail segment. As the new companies like Amazon and other e-commerce sites also involves in serving competition to the company. Apart from heavy competition Marks and Spencer Company is growing rapidly in online retail sector all across the globe. Online retailing has further improved the growth potential of the company. Company aims to improve its profitability every year from its functional activity. Company has objectives to dominate the retail sector all across the globe. All functional activity of the Marks and Spencer Company is deeply influences with its aims and objectives. Pound Land Company
PoundLandCompanyisaUnitedKingdombasedorganisation.Companyis associated with the business operations in retail sector. Company was founded by the Dave Dodd and Steven Smith. Pound Land Company deals in groceries, consumer goods, DIY and electrical products. Company has a global business base comprises with more than 860 locations all across the globe as per the recent statistics of company. Company is a British variety store chain which stated in the year 1990. Initially the organisation was started between the partnership of Dave Dodd and Steven Smith with the capital of£50,000 (Lisowska, 2016). Company is among the top private sector retail organisation in United Kingdom. The number of stores projects that the company has an expanded business scale in respect to the private sector organisation. Company also engaged in selling its products over internet. Online retailing is the latest trend associated with the retail sector. The online retailing is growing at the rate of approximately 25% every year which has also attracted all companies engaged in retail trade towards selling its products over internet. The scale of business of the company is really impressive as compare to other private sector companies operates in United Kingdom. The aim and objectives of the organisation is to warn profitability. Company has an objective to dominate the entire retail sector all across the globe. The National Trust The National trust is not a profit making organisation. The organisation is engaged in servingitsservicesforthesocialcausesinUnitedKingdom.Theobjectivesofthe organisation are to improve the conservation of all heritage sites in United Kingdom. More than 3 million peoples are associated with the National Trust. This is global organisation carry operations in more than 50 countries all across the globe (Viriyasitavat and et.al., 2018). The organisation works to conserve the heritage sites and locations. The scale of the operation of the trust is diversified in nature. The truest is not engaged i selling any product or services to entertain profits from its operation activity. The scale of the operations is also huge of the trust. Apart from the social activity trust has a global base of operations that also projects that the trust is operating at a very high level of operation functions.
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The above projects points have indicated about the different scope of the functional activity of all three types of organisation. Aims and objectives behind the operation has also project in respect to all three types of organisations. Different functional activity of organisation Marks and Spencer Company’s organisation hierarchy is distributed into different functional departments. With the support of all such functional department company manage all its functional activities. Sales department:Sales department is among the key department associated with the organisation hierarchy of the Marks and Spencer Company. Sales department in the sales of the company. Sales are among the primary functional activity Marks and Spencer Company is engaged with. Profitability of the company immensely depends upon the sales of the company (Petrescu and Petrescu-Mag, 2016). This functional activity carries huger impact over the objectives of the company. Sales support company in achieving all its objectives behindconductingbusinessoperations.Allfunctionalactivityofthecompanylike operations, marketing, public relation and other functional activities is conducted in company by aiming to enhance company’s potentials to entertain sales. As the sales influences growth of the company this can be projected as the main functional activity hierarchy of organisation is engaged with. All functional activity of company is engaged with directly influences the sales potential of the company. Management of Marks and Spencer Company also engage in various business expansion and product development functions that are also aimed to expand the company’s sales potential to entertain more effective growth opportunities for the company. Operation department:Operation department is also among the key functional department associatedwith the organisationhierarchy of the Marks and Spencer Company. This department is engaged with different functional activity that can support company’s sales in the market. Operation department is involved in managing the entire system of company that entertain sales of company (Rialp-Criado and Komochkova, 2017). All functional activity of the company is interconnected with each other. In order to perform the operations of the department it is essential for all departments to put collaborative efforts to achieve its objectives. Operations also involve managing the system of the company. This is also an important part of the functional activity of the company. Managing the entire system put huge efforts over the sales and growth potential of the company.
Logistic department:Logistic is also an important functional department associated with the organisation hierarchy of the Marks and Spencer Company. Logistics involves in supplying all products of company and its delivery related operations. This is an important functional activity associated with the organisation hierarchy of company. Logistic put a huge impact over the sales of the company. As the department engaged in ensuring the strong delivery and supply chain of the company which put an impact over the sales potential of the company. In case of retail sector it is important for the company to ensure proper availability of the latest trendy and fashionable products that can attract customers of company. Proper functions of logistics influences the availability of all trendy and fashionable retail products that can engage the purchasing decision of the customers (Safar and et.al., 2018). Logistic also involves in improving the supply chain of the company by making more strategic alliances with other suppliers at global level. Supply chain network is an important part of the company that supports growth of the organisation in market. Logistics contribute and support company in achieving high growth potentials by improving the sales potentials of company in market. Human resource department:Human resource department in engaged in ensuring proper availability iof skilled human resources for different functional ctivuyt in company. Human resource department play a huge role in managing and controlling the human resources in the company.Humanresourcesareamongthekeyersourxcesorganisationposseswho contributes in the growth and development of the organisation. Department engaged in availing human resources at different designated positions in the organisation. Department involves in managing the different needs of the human beings part of the organisation. Departmentengagedwithdraftingdifferentemployeedevelopmentprogramsthatcan support growth of human resources part of the organisation (Saleem, 2017). Department also involves in recruiting and selecting human resources at different designated positions in the organisation. Department also involve in solving different issues human resources of Marks and Spencer Company is engaged with as a part of the designated role in the company. This is an important functional activity human resource department is engaged with. All such functionsHumanResourceDepartmentisengagedputahugeimpactover company achieving its growth objectives and other aims behind conducting functional activity of the company. Marketing department:Marketing department is among the key functional department part of the Marks and Spencer Company organisation hierarchy. Department is engaged in
monitoring and control the marketing functions of the company. In order to gain effective growth opportunities in the market and also to improve the sales potential of company marketing department play a huge ole for the company (Virglerová and et.al., 2017). Marketing department supports other department like sales department in channelling the promotional campaigns related to products of company so that sales department of company can achieve all its objectives. With the support of marketing campaigns launches by marketing department sales department try to make the products offer by Marks and Spencer Company as a trendy products so that it can meet all its sales objectives. Marketing department also support human resource department to channelize different promotional campaignsrelatedtotherecruitmentandselectionincompany.Thisisalsoanother functional activity company is engaged with. All functions perform by marketing department put a huge impact over the company in achieving all its objectives. Finance department:Finance department is engaged in managing and controlling the finance relates functions of company. Finance department provide budgets to all functional departments of company so that all functional activity of the company can be managed efficiently. By allocation of financial resources finance department supports other functional department in company to achieve all objectives behind the operations of such department. The above mentioned functional department are interrelated to each other in order to achieve all objectives. CONCLSUION This report has projected about different types of organisation comprises with public sector, private sector and voluntary sector. All departments carry some specific requirements that need to fulfil. Public sector organisation can offer share holding to general public. Private sector organisation do not have right to offer share holding to general public. All functional department of company such as sales, marketing, human resources, public relation, finance and other functional department are interconnected with each other in order to achieve all objectives.
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