Business Management Report: M&S PESTLE, Porter's, and Key Drivers

This report examines the fundamentals of business management, focusing on the application of PESTLE and Porter's Five Forces models to Marks and Spencer (M&S). The report begins with an introduction to business management principles, followed by a detailed analysis of M&S using the PEST...Read More

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Fundamentals of
Business Management

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Table of content
 INTRODUCTION
 PESTLE analysis on Marks and Spencer
 Porter's Five Forces model on Marks and Spencer
 Identify the key driving factor for change within the organisation
 Conclusion
 REFERENCES

z Introduction
 Fundamental of business management may be
defined as the process of studying the Planning,
Organizing, Staffing, Directing, and
Controlling within the organisation so that all
the functions of the company can be done in the
proper manner(Albert, Bolen and WalterUmak,
2019). The fundamental of business
management comprises of profitability,
revenue, assets, liabilities, and growth
potential.

z PESTLE Analysis
 Pestle analysis may be defined as that
framework which are used by the management
of the company in order to gain the macro
picture of the industry environment. With the
help of this tool proper strategies can be maid
by the company management in order to
overcome for the external challenges. In
context to the Marks and Spencer, PESTLE
analysis has been discussed below: -

z Porters five forces
 This tool may be defined as that framework
which is utilized by the management of the
company in order to analyse the competition
and effectiveness of the firm in market. In
context to the Marks and Spencer this analysis
has been discussed below: -

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Key drivers of change from models
The technological factor assist the management of the respective company managing changes to
operations. By using this, the cost can be reduces by examining business processes and
eliminating actions which are unwanted. By using the porter five forces model this assist the
company in identifying the competition in the respective industry by which the company
management can effectively find the attractiveness of an industry, and pinpoint areas.

z Conclusion
 From the above report it has been concluded that it is very important for the
management of the company to analyse the external as well as the competitive
environment of the industry. By doing this, the sustainability of the company is not
only improves but also the profits and sales of the firm is enhanced

z References
 Albert, K., Bolen, K.A. and Walter Umak, J.A., 2019. Fundamentals of Entrepreneurship (ENT300)
High Tech Cyber Cafe.
 Brocke, J.V. and Mendling, J., 2018. Frameworks for business process management: a taxonomy for
business process management cases. In Business process management cases(pp. 1-17). Springer,
Cham.
 Lu, X., et.al., 2020. Fundamentals and business model for resource aggregator of demand response in
electricity markets. Energy, 204, p.117885.
 Mezentseva, O., Bezpartochnyi, M. and Marchenko, V., 2020. FUNDAMENTALS OF
MANAGEMENT FOR ENTERPRISES. TEXTBOOK FOR BEGINNERS.