Business Studios Report: Collaborative Working and Business Factors

This report provides an overview of collaborative working practices within a business context, emphasizing how different departments can work together to improve operational efficiency, employee skills, and team bonding. It then delves into the impact of both internal and external factors on a business, categorizing them and providing examples. Internal factors discussed include work culture, operational structure, employee satisfaction, and company resources. External factors explored are political, economic, social, technological, legal, and environmental factors, all of which can significantly influence business operations and profitability. The report uses M&S as a case study to illustrate these concepts and how they interact to shape business outcomes. The report is available on Desklib, a platform offering AI-based study tools for students.

Introduction to Business
Studios

Collaborative working practices
 Collaborative working practices involved with the collaborations of different
departments in the operational structure of the company.
 Based on the collaborative approach employees from multiple operational
departments come together and form a team to done certain operation.
 In the collaborative working practices teams are formed based on the individual
skills of all the employees.
 Collaborative practices in the operational structure of the company is conducted to
improve the professional skills of all the employees in the organisation hierarchy.

Cont..
 Collaborations in the operational structure of the company also provide the suitable
base to all the employees to improve the bonding and work efficiency.
 Collaborations are not only to emerge the team from the employees related to the
various department's.
 Its more like an approach to share the professional work experience while conducting
the operations of the team.
 Collaborative approach enables all the employees of the organisation to upgrade all the
professional skills and also it provide multiple opportunities to learn the new skills
while conducting the operations.

Cont..
 Management of the M&S conducts various operations based on the
collaborative work practices.
 Collaborative practices improve the operational efficiencies of the company by
improving the working culture of the organisation hierarchy.
 Collaborative work practices also enables all the employees of the company to
improve the decision making related to the operations of the company.
 Collaborative work practice improves the leadership skills of all the employees
in the company.
 Collaborative approach helps the management of the company to make the
suitable working environment in the operational structure of the company that
improve the job satisfaction of all the employee of the company.

Impact of internal and external factors on business
 All the factors that influence the business of M&S is precisely
defined as internal factors and external factors.
Internal Factors
 Internal factors that influence the operations of the M&S are as
follows.
Work Culture
 Work culture of the company put a huge impact over all the
operations related to the company.

Cont..
 Work culture enables the company in setting the working environment related
to all the operations of the company.
 Productivity of all the business practices is largely based on the working
culture of the company.
 M&S is among the major brand in the retail sector across the world and the
positive working culture of the company is among the major reason behind
achieving such success as a brand.

Cont..
Operational Structure
 Operational structure of the company is also one of the major reason that influence the
business of the company at the internal level.
 The proper operational structure improve the work efficiency of the company by
providing the suitable hierarchy structure related to all operations of the company
Employee Satisfaction
 Employee satisfaction is also among the major factor that influence the work
efficiency of all the employees in the organisational structure

Cont..
Company Resources
 Resources of the company also put a huge impact over the
performance of the company.
 M&S is a big brand so the company has the stable resources
to conduct all its operation efficiently.
 The company utilise strong and effective distribution
channels that impacted the sales of the company and
generated more profits from the company's operations

External Factors
 Various external factors that influence the business of the
company.
Political Factor
 Political situation of the country impact all the corporate
organisations affectively.
 Political stability in the country provide the suitable
environment for the company to conduct all the business
operations profitably.

Cont..
 Political environment also involve the various policies of the government related to the
business.
 The political stability of the UK has provided the efficient environment to the
management of M&S to conduct all the business operations
Economical Factor
 Economic stability of the country influence all the business operations of the company.
 Economical factor also involve various governmental policies related to the company
and its associated sector

Cont..
Social Factor
 Social factors involve all the social perspectives related to the people in UK.
 Social factors also involve the standard of living of all the potential consumer's of the
company.
 UK has the very elite population and that also provided the suitable atmosphere to the
M&S to conduct all the operations of the company. People in UK prefer the high
standard of living that enables the management of the company to introduce some
premium products of the company. Such products improved the profitability of the
company.

Cont..
Technological Factor
 Technological factor make the significance influence over all the
operational activities of the company.
 UK government look always supportive to introduce new technologies
that enables the business efficiencies of all the corporate houses in UK.
 The management of the M&S utilise all the digital mediums to conduct
its business operations.
 Such digital channels improved the work efficiency and also the
profitability of the company.