Responsible Management Challenges: An Analysis of Next PLC

This report provides a comprehensive analysis of Next PLC, a UK-based retail company, addressing its responsible management challenges. It begins with an introduction to the company and its business operations, followed by an examination of the environmental, social-cultural, and ethical issues it faces. The report delves into the complexities of these challenges, including the impact of climate change on supply chains, the implications of an aging population on consumer demand, and the ethical considerations of fair wages and labor practices. Furthermore, it explores management issues like communication barriers and provides strategic recommendations for Next PLC to improve its performance in terms of diversity, open communication, and embracing technology. The report concludes by emphasizing the need for the company to adapt to changing market conditions and implement sustainable practices to ensure long-term success. The report also covers the need for Next PLC to enhance its brand strategy, intellectual property rights, and environmental requirements to succeed in the market.

NEXT PLC.
ANALYSIS OF NEXT PLC.
System04121
4/10/2020

ANALYSIS OF NEXT PLC. 1
Contents
INTRODUCTION......................................................................................................................2
Environmental............................................................................................................................2
Social-Cultural...........................................................................................................................3
Ethics..........................................................................................................................................4
Management issues at Next Plc..................................................................................................5
Communication Barriers........................................................................................................5
Recommendations......................................................................................................................5
1. Embrace diversity............................................................................................................5
2. Promote open communication.........................................................................................6

ANALYSIS OF NEXT PLC. 2
INTRODUCTION
The UK headquartered NEXT plc. sells a wide variety of trendy items, from clothes
and footwear and home goods and high- multi-. The goods of the business have been built in
a house team with a superior standard, contemporary fashion with a price-for-money
premium (NEXT plc. 2014a). Of over 540 distribution stores in the UK, the corporate office
is based in Enderby. A business provides a NEXT list and is about 4 million active users with
businesses in more than 70 countries. It is a home shopping platform and catalogue. Through
its online presence, the company over the past decade has managed to increase its share by
more than 150%. In addition to 350 pages at the time of its launch, the company Catalogue
now provides around 1400 pages of their catalogue (Caligiuri, & Tarique, 2012).
Environmental
The financial environment is often an significant concern for businesses working
within any particular regional market and the financial climate and the effect on the company,
but also the physical atmosphere, can be considered two ways firms manage the corporate
setting (Srdjevic, Bajcetic, & Srdjevic, 2012).
By addition, by contrast with many areas of the globe that experience from large
severity natural hazards such as earthquakes, hurricanes and forest fires the environmental
climate that Next work in the UK may be considered comparatively moderate. Given this
climate, the retail industry has recently faced a variety of environmental concerns in the UK.
Those involve rising rains and weak revenues attributed to snowstorms (Retail Bulletin,
2013) and municipal officials struggling to brace for extreme conditions (Hall, 2011).

ANALYSIS OF NEXT PLC. 3
Specific dimensions of environmental sustainability allow businesses to take into
consideration their own environmental effects. Typically speaking, literature (Parsons and
MacLaran 2009) claims that customers are increasingly mindful of the environmental effects
of companies. In this respect, corporations will aim to will their impact on the world if they
want to retain consumer satisfaction and prevent harmful backlashes. Throughout the retail
industry, waste may be minimized, transport activities more effective, and ethical
procurement strategies enforced. If such customer demands are not complied with, the
adoption may result in a negative customer reaction (Fozer, Sziraky, Racz, Nagy,
Tarjani, Toth, & Mizsey, 2017). Some of the major corners for Next Plc.
 The current weather patterns could greatly affect Next Plc's capacity to control both
its capital and its finished product transport. In addition, in the case of, assume,
unforeseen monsoons, that will affect the distribution periods of the finished
component.
 Climate warming often makes some commodities useless. For example, in textiles,
warm winter clothes are far less needed in places where the temperature due to global
warming is incredibly cold.
 Companies that generate very high waste volumes will have to control their
environmental behaviour. Pollution penalties and restrictions that may hinder Next
Plc • If Next Plc leads (without or without knowledge) to the more risks to a species
already threatened, it will not only face regulatory consequences but also the general
population, who will in response boycott Next Plc.

ANALYSIS OF NEXT PLC. 4
Social-Cultural
In Britain today, there are several social and cultural shifts that may influence the
success of fashion retailers including Next. In certain instances, fashion industry itself may be
viewed as a field that is more driven by these patterns than other sectors as members of an
inherently socio-cultural industry.
The general population ageing (Parliament UK, 2012) is a big problem on the British
economy which it being reflected in Next's broader European markets. This can be used as a
challenge as well as a possibility for Next. In the one side, an ageing populace can see that
their inventory has to change in order to guarantee that the goods sold by the business draw
the country's ageing demographic. However, the possibility of a population of ageing
growing suggests that the next time demand for younger and smaller consumer populations
rises. Since such drawbacks remain, the issue still has advantages. This is taken into
consideration that the aging demographic continues to be less active than younger
demographic segments, which can be a major benefit of Next because it can be conveniently
addressed at home and through its electronic business model.
Ethics
As for other businesses, Next needs to conform for legally mandated minimum
requirements in a skill. The situation of Next's UK activities may be regarded as more
complicated because both British and EU legislation must be followed. Here are two of the
key legislative guidelines impacting Next in the UK:
Fair wages regulation — A crucial piece of policy in the United Kingdom involving a
vast amount of low-paid workers of companies, such as Next, is one regarding the fair wage
laws. The statute mandates that British companies pay a total of £ 6.19 an hour for workers

ANALYSIS OF NEXT PLC. 5
over 21 years (Gov British) in this situation. In view of the vast number of workers of
businesses including Next impacted by the National Minimum Wage, the industry can be
influenced by temporary adjustments in regulatory policy (LeBaron, 2014).
The laws on fair rights and numerous other statutory measures intended for the
objectives of equitable representation at work and in the procurement and hiring phase are
several significant legal concerns (Pilbeam and Corbridge, 2010). These regulations have a
significant impact on company procedures and strategies such as Next, which are not only
expected to implement organizational initiatives that promote equity, but also to monitor
procurement and hiring activities in the event of workers crying foul at a later date. The
problem here with firms such as Next is that in these situations, regardless of the
complainant, the regulatory framework frequently puts the burden of evidence on the
defendants. Therefore, it is important to establish comprehensive HR strategies and
procedures (Bratton & Gold, 2007).

ANALYSIS OF NEXT PLC. 6
Management issues at Next Plc.
Communication Barriers
Context or background gaps build obstacles for all workers. Employees may figure
out what other team leaders think about complicated without any shared ground. Cultural
discrepancies may often trigger non-verbal interaction problems, culminating in conflicting
messaging, which are a challenge which Next Plc. management cannot solve, and the
business is advised in order to maintain cross-culture in the organisation (De Mooij, M., &
Hofstede, 2011)..
Recommendations
1. Study reveals that NEXT should raise signage and televisions by at least 2% in
others in order to achieve a good real role. This would help NEXT boost the product
offerings and maintain market growth and progress. They will make the Next
Directory more conscious of the amount of customers shopping at home and also
boost the Internet's working to increase directory revenues. By implementing a 3-D
body scanner for more detailed fitting, NEXT should develop its key skills and also
insure that advertisers market their adult wear as the main focus audience, and then
encourage the children in order to boost revenue.
2. The atmosphere of community and how things are performed affect an organisation's
atmosphere in a setting. Shared people's values and behaviors play a major role in
how Next Plc. advertisers perceive the buyers of a particular sector and how they
build their brand strategy for retail consumers.
3. The regulatory system and structures of several countries are not adequately adequate
to secure an organization's intellectual property rights. Before joining markets, a

ANALYSIS OF NEXT PLC. 7
corporation should cautiously determine how it will potentially snatch the ultimate
strategic advantage from the organization's secret sauce.
4. Related industry conditions or legislation on sustainability that may affect the
performance of a business in these fields. And in various jurisdictions countries may
often have restrictions on emissions and responsibility. In the UK, for example, in the
event of an accident or an environmental catastrophe, Texas and Florida have several
compensation provisions. Similarly, numerous European countries give healthy
discounts to firms working in the green sector. The company will carefully analyse
the environmental requirements needed for working in certain markets before joining
new markets or beginning a new business in the present market.

ANALYSIS OF NEXT PLC. 8
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