Report on Internal and External Environmental Factors: Marks & Spencer
VerifiedAdded on 2023/06/17
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Report
AI Summary
This report provides an analysis of the internal and external factors influencing Marks and Spencer, a multinational retailer headquartered in London. It examines internal factors such as human resources, organizational structure, and company culture, highlighting their impact on the business. The report also explores external factors like technology, environmental concerns, and social trends, detailing how these elements affect Marks and Spencer's operations and strategic policies. Specific examples, such as the company's response to the increased demand for ready meals and the implementation of self-checkout technology, are used to illustrate the positive and negative impacts of these factors. The report concludes that while external factors present both opportunities and challenges, Marks and Spencer has successfully navigated some of them by developing strategic policies and adapting to changing market conditions. The analysis emphasizes the importance of considering both internal and external environments for effective business management.
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