Marks & Spencer: Analysis of the Business Environment and Competitors

This report provides an analysis of Marks & Spencer's business environment, focusing on both internal and external factors that influence the company's operations. The report begins by examining the internal environment, considering aspects such as the company's capabilities and offerings. It then delves into the external environment, highlighting factors that impact decision-making and business activities. The analysis includes discussion of the competitive landscape, with an emphasis on how competitors are consumer-oriented and meet consumer needs. The report also includes a brief overview of how the company interacts with its environment. Ultimately, the report underscores the significance of understanding both internal and external factors in shaping the company's competitive position and business strategies. The report references academic sources to support its claims.

Introduction
There are diverse aspects that as related with the
interior and exterior business atmosphere and
direct to have key influence on business activities
and operations. It is important for company to
include diverse factors and elements of business
environment in context of taking accurate
decision and strategy. For the completion of this
assessment, Marks & Spencer is the company
which is considered. This is well incorporated
enterprise which is operating in retail sector.
Marks and Spencer company And Its Environment
External Environment
External aspects indicate as all those components
which are extrinsic the business and it cannot be
managed by company. This sort of aspect led to have
key impact on business activities and affected
decision making process, M&S performs in an
extraordinarily severe environment. The competitors
of it are more consumers oriented and more on top of
the needs and the requests of the consumers.
How the company impact its context External
Environment
There are diverse factors of the external business
atmosphere that will be influence through
organisation. An establishment and its existing
situation trade on atmospheric information among
themselves. Enterprise requires data regarding
macro aspects of business for arranging, dynamic
and control purposes.
Conclusion
This has been summarised from the defined
information that internal and external business
environmental factors affect the company in term
of creating competition and influencing its
business environment.
Internal Factors
Internal components can be defined as the
different aspects of the business that will direct to
have impact over daily practices and activities of
business. This include of abilities and potential of
venture that influence its functioning as well as
impact on attaining expected aims. Marks &
Spencer is a well incorporated firm which is
offering its commodities and facilities from
several and number of years. This establishment
have strong presence in marketplace. Good
quality commodities offering are the intrinsic
aspect which can include as the capability of
particular firm.
References
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Hamilton, L. and Webster, P., 2018. The international
business environment. Oxford University Press.
Čepel, M. and et. al., 2018. Business environment quality
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