Exploring Business: Features and Stakeholder Influence

Exploring business

Contents
INTRODUCTION...............................................................................................................................3
MAIN BODY.......................................................................................................................................3
P1 Explain the feature of two Contrasting business...........................................................................3
P2 Explain how two contrasting business are influenced by Stakeholders........................................4
CONCLUSION....................................................................................................................................5
REFERENCES....................................................................................................................................6

INTRODUCTION
Business is an organisation in which people work together with a specific aim to
attain desired success within a targeted duration (Langabeer and Champagne, 2016). One
major objective of each and every organisation is to provide quality products and services to
their customers as per their requirement and need. This report is based on two contrasting
business as Marks and Spencer (Private Sector) and NHS (Public Sector). This report is going
to determine Features of both these organisations as well as influence of stakeholders upon
them.
MAIN BODY
P1 Explain the feature of two Contrasting business
For an organisation, it is required to analyse their basic purpose and objectives on
timely basis for which they can make strategy to attain them appropriately (Ramadani and
Hoy, 2015). There are features of two different organisations are determine below:
Marks and Spencer: Marks and Spencer’s is a British multinational retailer which was
founded in the year of 1884 in UK. Main operations of M&S are the retailing of clothes, food
and home goods.
 Purpose: Purpose of M&S is to act as general store for all the middle to lower –
upper class.
 Activity Sector: M&S operates in the Secondary and tertiary sectors because it
manufacture finished products and sell them to direct customers. All these activities
are associated with textile production.
 Scope: M&S is aim to open their maximum stores in the different reason of all over
the world with the help of their product, resources and manpower.
 Size: M&S provides its products and services at worldwide and they have around
1035 stores in UK as well as 428 international stores in which around 80000+
employees provide their services to customers.
 Reason for success: Main reason behind the success of M&S is rand of its products,
quality of services, design and a strong customer base who have a strong belief in
their products.