Internal & External Factors of Business - Marks and Spencer
University: UK College of Business and Computing
Question :
The objective of this report is to enhance learner’s knowledge in the context of business environmental practices. This will assist in determining how an organisation can operate easily in different environment by constructing specified strategy.
- Analyze different types of an organisation as well as discuss its size and scope.
- Determine interrelationship between functional divisions of Marks and Spencer.
- Evaluate the positive and negative impact of macro environmental factors over the business practices of Marks and Spencer.
- Discuss strength and weaknesses of a Marks and Spencer as well as its interrelationship with macro-environmental factors.
Answer :
INTRODUCTION
Business environment consider a combination of internal and external factors which directly influence entire activities of the business organization in positive and negative impact. Thus, it is important for manager to effectively examine as well as evaluate the impact of environment factors. It includes various factors such as suppliers, customers, political, legal, social, technological and many more (Business Environment, 2018). For managing all these, manager also formulate as well as develop appropriate strategies and policies which may leads in attaining set goals and objectives in effective way. Present report is based on Marks and Spencer, is multinational company which serve diversified products to their customers. This report, discussed about various type, purpose and scope of organization with its structure. Along with this, PESTLE analysis is also mentioned in this project to determine the positive and negative impact on business organization. In addition of this interrelation of strength and weakness with external macro factors are also discussed in this project.
TASK 1
P1 Different types of organisations
As per business environment, number of companies are operate their business with the purpose of attaining better success. In this context, every companies have their specific purpose and type in which they perform their activities. Thus, it is important for manager to effective understand all type of company to attain competitive advantage in market place. With the help of this firm improve their performance level at at the same time also attain set goals and objectives. Along with this, various type of business enterprise also work in market to attain favourable goals and objectives in appropriate time frame. Thus, it is important for organisation and its manager to effectively understand the purpose to perform their activities accordingly. With the help of this company easily achieve better success in market place. In this context there are three type of companies such as Marks and Spencer, NHS, and Oxfam. All these are work in different sectors with their specific purpose and supply of goods and services (Avramenko, 2012). In addition of this, the difference between profit, Not for profit and non governmental organization are as follows:
Profit organization: Profit organisation are known by private sector in which they work for attaining higher profitability level in market place. The main purpose of these type of organization is to earn profitability level at market place.
Not-for-profit: Not-for-profit type of companies are comes under private sector in which they operate their business with the aim of improving economic condition. Under this, the main aim of this business organization is to develop economic growth by providing better services to their customers
Non-government organization: These type of organizations are work for enhancing social welfare by delivering their various services to society.
These companies are known by NGO in which they focus on society benefits which may leads in enhancing the economic growth. The main example of this sectors is Marks & Spencer. Under this, NHS is best example of this sector. Oxfam is also an important example of this type organization.
The main example of this sectors is Marks & Spencer. Under this, NHS is best example of this sector. Oxfam is also an important example of this type organization
In addition of this, there are three type of organisation which comes under in three sector such as private, public and voluntary. All these are operate their business with their specific purpose which helps in improving the overall performance of the company at market place. Al these are understood by following description:
Private sector: These type of companies are operate as well as run by private people and groups with the purpose of attaining profitability level in market place. For this company responsible for providing quality services to their customers as per their needs and demand in order to attain better satisfaction.
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