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Impact Of Business Environment On Marks and Spencer

University: Regent College London

  • Unit No: UNIT 1
  • Level: Undergraduate/College
  • Pages: 14 / Words 3414
  • Paper Type: Assignment
  • Course Code:
  • Downloads: 223

INTRODUCTION

The business environment is the most attractive topic in the organization which includes all the essential terms and conditions for the purpose of business-related. Marks and Spencer is a leading organization for increasing their business all over the world. This organization is based on a British firm and provides different types of products such as clothes, food, financial services, and households items. M&S is mainly concerned about its legal structure and different policies which are required for an organization to manage the business process and functions. This report will discuss the different type's organizations such as public, private and voluntary. This assignment will discuss the different sizes and scope of organizations and their specific purpose. Further, it will discuss the positive and negative impact on the macro environment of the business process and also analyze the internal and external factors of the business environment by using SWOT analysis.

P1 Various types and purposes of organizations such as public, private, and voluntary sectors

Public, private and voluntary organization are the most part of business environment that could be divided according to their growth and productivity.

Public Private Voluntary
Aim Public organization is providing the services to customer and making a profit for increasing the sales and profitability (Adegbite and et.al., 2018 ). This organization is providing the cheap service which is beneficial for the organization. Main aim of this organization to increase their profitability and productivity in marketplace. Private organization mainly focus on expanding their business all over the world. Voluntary organization is based on non profit firms that provide the best services for people free of cost. Main aim of this organization to provide facilities and services for poor people.
Legal structure Public sectors refers to all the business process and operations is maintained by the local government. This organization is directly funded by the government. Private sector is based on the joint stock firms that is owned by one or more people. There entire legal structure is maintained by the owner of organizations. Voluntary sector is also known as non- governmental company that could be maintained by local authority and trust. All the legislation rules and regulation are maintained by the nearby communities.
Purpose Main purpose of public sector to enhance the business process but also providing the facilities to their people in proper manner (Anderson and Bahati et.al., 2017). For Example- NHS is public organization in England and providing the best services to their patients. Main purpose of private sector to build their empire across the world. They also increasing their sales and production in marketplace. For Example- Sainsbury's is private company which is based on the private sector to expand their business all over the world. Main purpose of non-governmental organization for providing the best services to social communities and human welfare. For Example- CCD is based on NGO organization which provided the best services to their customer.

Purpose of Marks and Spencer with legal structure-

Each and every organization has some specific purpose for achieving their goals and objectives. In this way, they will acquire the positions in the marketplace. Public and private or voluntary organization are different sector that help for increase the condition of country economy. Marks and Spencer structure follows some specific sequence of management system that help for building their business across the world. This structure will help for boosting the level of employee towards their goals and achievements. They can feel safe to express their feeling and opinion towards the organization (Bloom and Terry et.al., 2018).

An effective structure get help for providing the rights direction to employee. In this way, staff member of Marks and Spencer can be increased their profit in marketplace. M&S follows the flat structure which help for running and business in proper manner. This organization help s the people to decrease the level of frauds and employees are more efficient for managing the department of organization. All staff member follows the chain rules to communicate with the higher authority to build an effective relationship between them. Marks and Spencer is the fastest growing organization to achieve their goals and objectives (Caiazza, Shimizu and Yoshikawa, 2017).

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