Business Report: M&S, Collaborative Working Practices and Analysis

This report provides an analysis of Marks & Spencer (M&S), focusing on collaborative working practices and the factors impacting its business. The report begins by highlighting the benefits of teamwork, such as increased creativity, improved organizational flexibility, and higher employee retention rates. It then explores M&S's promotion strategies, emphasizing the use of social media for product promotion. The core of the report involves a SWOT analysis, identifying M&S's strengths, such as its strong brand recognition and wide product range. Additionally, a PESTEL analysis is conducted, examining political and economic factors influencing the business, including the impact of free trade and product pricing. The report concludes by emphasizing the critical roles of HR, marketing, and finance departments, as well as the importance of financial management and risk mitigation within the organization. References to relevant books and journals are also included.

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Table of Contents
 INTRODUCTION
 Understanding collaborative working practices
 Demonstrate an understanding of the main factors both internal and external
impact to the business.
 CONCLUSION
 REFERENCES

INTRODUCTION
 The business studies refer to the subject
which states about the key concepts
pertaining to the various departments of
business.
 In this report, M&S is taken as an
organization which is a large retailer in UK
market offering wide range of products.

Understanding collaborative working practices
 Working in team is a way more effective in accomplishing the results in
comparison to the people working on individual basis. Some benefits of it are
given below.
 Increases creativity
 Improved flexibility of organization
 Higher retention rate:
 Engaged employees

CONTINUE
 Promotion strategy:
 Promotion strategy is help to company for promote their product and services
at market place.
 Through that company is able to analyze complete market place.
 Here company build public relations which is helpful for promote product.
 On the another side, company use social media app for promote products
because new days customers and youngster more updated on social side from
here they can take any information about company and its products and
services.

Demonstrate an understanding of the main factors both internal and
external impact to the business.
 SWOT analysis:
 Strength:
 High recognition of the brand is giant of UK high street is know by everyone in the
market for the quality of business which is providing best and effective brand image at the
market place.
 Wide variety of products: M&S have wide range of products and services at the market
place which is create more effectiveness for the business and growth prospects.
 Large number of stores which have by M&S. That is help to increase profits margin by
increasing sales.

PESTEL analysis
 Political factor:
 Free trade is considered into the political factors. M&S is operates in the
UK, but also the location abroad benefited. Free trade allows M&S to import the
foreign product for the sales in their stores at the cheaper prices.
 Economical factors:
 Price of product is the big issue into the retail industry. If price of
product is increase the customers not buy the products of company which is
created negative impact on the business. On the other side, if price is lower than it
is created positive impact on the business.

CONCLUSION
 From the above study it had been concluded that the HR, marketing and finance
department has great role into the business.
 As that, in order to analyze internal and external factors report had been covered
SWOT and PESTEL analysis of work.
 The report had been reflected that the role of financial management and reporting
into the business for maintaining risk at workplace.

REFERENCES
Books and Journals
 Vlados, C., 2019. On a correlative and evolutionary SWOT analysis. Journal of
Strategy and Management.
 Pan, W., Chen, L. and Zhan, W., 2019. PESTEL analysis of construction
productivity enhancement strategies: A case study of three economies. Journal of
Management in Engineering, 35(1), p.05018013.
 Išoraitė, M., 2016. Marketing mix theoretical aspects. International journal of
research granthaalayah, 4(6), pp.25-37.
 Pogorelova, E., Yakhneeva, I., Agafonova, A. and Prokubovskaya, A., 2016.
Marketing Mix for E-commerce. International journal of environmental &
science education, 11(14), pp.6744-6759.

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