Marks & Spencer: A Comprehensive Analysis of Business Environment

This essay provides an analysis of Marks and Spencer's business environment, focusing on both internal and external factors. The internal factors include finance, employees, and organizational culture, which are elements within the company that impact its functioning. The external factors encompass technology, legal considerations, and economic conditions, which are outside influences that the company cannot directly control but must navigate. The essay also touches upon how businesses like Marks and Spencer can impact their external environment through their operations and strategic decisions. The analysis references academic sources to support its claims and provide a comprehensive overview of the business environment's influence on Marks and Spencer.

Introduction
Business environment refers to the factors which can
impact the over all functioning of any business. These
factors can be either internal or external. It helps
organisations in many different ways like, it helps in better
decision making , It increases over all performance,
growth and profitably of businesses and mainly it helps in
overcoming all the threats and weaknesses from both
external and internal factors.
Marks and Spencer And Its Environment
External Environment
These are the factors which affects the functions of the businesses
that companies cannot control it and also these factors are outside
factors. Below are some of the external factors which affects the
working of the businesses:
Technology
Legal
Economic
How the company impact
its context External
Environment
Many times business plays an important role in impacting
its external environment. Companies of different industries
or sector have different impact on the outside environment.
Businesses have no control over it but they can minimise it
by making proper strategies and making decisions which
are beneficial for it. In context to Marks and Spencer,
following are the impact of business on external
environment
Economy
Government Policies
Internal Factors
It is a element of the business environment, which is
combined of several elements present in the company,
which can impact the functioning of an business.
Below are some of the internal factors which affects the
working of the businesses:
Finance
Employees
Organisational culture
References
• Deschamps, B. and Thévenard-Puthod, C., 2020. Female External Successors: Difficulties During the Business Transfer
Process and Types of Support Required. In Business Transfers, Family Firms and Entrepreneurship (pp. 251-264). Routledge.
• Jelassi, T. and Martínez-López, F.J., 2020. External Analysis: The Impact of the Internet on the Macro-environment and on the
Industry Structure of e-Business Companies. In Strategies for e-Business (pp. 49-95). Springer, Cham.
• Liminya, J.P., 2018. Organizational internal environment, job satisfaction and employee commitment in private hospitals in
Kampala Central Division (Doctoral dissertation).