Business Environment Assignment BTEC Level 3 (GC01003)

Table of Contents

Introduction.

P1 Describe the type of business purpose and ownership of two contrasting businesses. Marks and Spencer (profit) contrasted with Sue Ryder (non-profit).

P2 Describe the different stakeholders who influence the purpose of two contrasting organizations

P3 Describe how 2 businesses are organized.

P4 Explain how their style of organization helps them fulfill their purposes.

P5 Describe the influence of 2 contrasting economic environments on business activities within a selected organization.

M2 Compare the challenges to selected business activities (marketing and capital) within a selected organization (Marks & Spencer), in 2 different (boom and recession) economic environments.

M3 Analyze how Political, legal and social factors have impacted the two contrasting organizations

D3 What changes may happen in the future in Marks & Spencer

Conclusion.

Reference.

Introduction

Marks and Spencer is one of the leading retailers in the UK. It is listed on the London Stock Exchange and is a member of the FTSE 100 Index. It specializes in retailing luxury products, clothing, and food products. M&S was established in 1884 by Michael Marks and Thomas in Leeds. M&S has 852 stores throughout the UK. It has many stories in the international market including 52 stores in India, 48 stores in Turkey, 37 in Russia, 27 in Greece, 17 in Ireland, 14 in France, 11 in Poland, 6 in Hungary and Finland, and 5 in Spain. It is an international organization, where more than 83000 employees are working. The profit of this organization was nearly £10.300 billion in 2015, where the gross, as well as net profit, was £762.5 million and £481.7 million respectively in 2015 (Marks & Spencer, 2016).

Sue Ryder is a charitable organization that was established in 1953 by Sue, with the creation of a nursing home in Suffolk, UK. Sue Ryder supports people with life-threatening illnesses and complex needs across the UK and internationally. In 2011/12, Sue Ryder had an annual expenditure of £81.9 million, placing it in the top 60 of UK voluntary organizations ranked by expenditure (Sue Ryder, 2016).

P1 Describe the type of business purpose and ownership of two contrasting businesses. Marks and Spencer (profit) contrasted with Sue Ryder (non-profit).

This section explains the kind of business ownership as well as the purpose of two contrasting businesses. In this case, a profitable organization called Marks and Spencer Plc is compared with a non-profitable organization called Sue Ryder. The key differences between Marks & Spencer and Sure Ryder are described in the table below:

Our Recommended Resources:

Unit 1 Business Environment Assignment with Primark
Business Environment Sample Assignment

Perspectives	Marks and Spencer	Sue Ryder
Aims and purposes	The main purposes of Marks and Spence are to increase its market in both international as well as domestic markets with a higher profit margin and business share.	Sue Ryder is an organization that is set up to raise funds and support other people. It is a non-profit organization. It does not distribute any of the profit made among workers. All the profits it makes are given to organizations it is raising money for.
Objectives	The objectives are a) to increase market; b) to develop consumer relationship and reliability with improved local market share, and c) to achieve high revenue and profits.	The objectives are: to give outstanding service to the customer, without achieving any revenue.
Industrial sector	It has to operate in both primary and secondary market sector	It has operating business only in the primary sector. Sue Ryder is a non-profit company. The profit is for the benefit of patients. Sue Ryder mostly does service form business
Range	Marks & Spencer is doing business in both the UK and global markets.	Sue Ryder is doing business only in the UK.
Business sector	It has been operating a business in the retail sector, where the main products are home items, clothing, and food items. Marks and Spencer propose their share to the public and this share is enlisted in the share market.	It has been operating a business in the health section, where it offers hospice and neurological care for the people observing frightening and life-changing diagnosis.
Ownership	Public limited company. It is a profitable organization.	Charitable organizations. It is a non-profitable company.
Liability	A public limited company has limited liability which means that the owner is only liable for the debt the business incurs. There is a risk of losing control of the business as anyone can buy shares in the business. -Everyone has the access to their financial statement as they have to publish it every year which means their competitors can access it and the media can analyze it and make statements about it and that could have a negative impact on the business.	Charity/voluntary/not-for-profit organizations have unlimited liability. There is limited funding for the organization which means that they will not have a lot of money to start their business and have to careful with how much they spend and also need to prioritize what they will be spending it on. – There is a lot of paperwork involved as detailed records have to kept and filed to the government in order to keep its active status.
Citation: Palmer (2014)	Source: Marks and Spencer (2016)	Source: Sue Ryder (2016)

The main finding is that Marks and Spencer is a profitable company whose main purpose is to achieve improved profit and revenue by achieving a developed market share and consumer retention. On the other hand, Sue Ryder is a charitable and non-profitable business whose main purpose is to serve the community with their donation (Marks and Spencers, 2015)…….