Business Environment Assignment Solution (GC01668)

Table of Contents

Introduction.

P1. Report on contrasting business.

P2. Stakeholder’s Presentation.

P3. Leaflet Preparation for M&S and Sue Ryder

P4. How style of organization helps them to fulfill their purposes.

P5. Impacts of Boom & Recession on M&S. 1

P6. Political, Legal, and Social factors affect both organizations.

Conclusion:

References:

Introduction

Every business organization is different from the other business organization based on some factors those are organizational structure, vision and mission. Most of the time, an organization can be differentiated from other organizations considering an organization’s structure. The structure is different from a non-profitable organization to a profitable organization. The operation also varies from profitable organization to non-profitable organization. The economic condition boom and recession affect a business organization. Technology also affects both profitable and non-profitable organizations.

This assignment is based on two particular organizations, where one is Marks & Spencer and another one is Sue Ryder. Marks & Spencer profitable business organization and Sue Ryder is a non-profitable charity organization.

P1. Report on contrasting business

This section contrasts different functions of Marks & Spencer with Sue Ryder, where Marks & Spencer is a profitable business organization and Sue Ryder is a non-profitable charity organization.

Marks and Spencer

Aims and objectives

The aim of Marks & Spencer is to be a leading retailer in both domestic and international marketplaces. The key objectives of Marks & Spencer are to a) gain improved market share with high customer satisfaction; b) gain improved employee satisfaction with high retention level; c) develop a strong relationship with the business stakeholders; and d) gain improved revenue and profits.

Purpose

The key proposes of Marks & Spencer are to gain improved revenue and profits through providing excellent customer services along with the products meeting the customers changing needs and expectations with maintaining quality and integrity.

Ownership

The founder Michael Marks and Thomas Spencer is the owner of the Marks & Spencer Company. They laid the foundation for the business as a public limited company in 1884. Marks and Spencer laid their foundation as a partnership business in 1885. The organization has expanded its business in many countries. Their main target to set up the organization is to create their own job. Now the organization turns into a public limited company from the partnership business(Cherunilam, 2010).

Ranges and business sector

Marks and Spencer doing their business cross the national border like UK, Canada, France and many other countries. Expansion of business throughout the world and maximization of profit is the main purpose of Marks and Spencer Company. Marks and Spencer offer their share in the capital market and this share is listed in the share market. It proves itself as a multi-channel retailer that crosses the national border through the increasing product range.

Industrial sectors

M&S PLC is not only the primary or secondary but it fills all the three functions of the primary, secondary and territory departments. M&S produces and collects raw materials for manufacture, that’s why it is the primary organization. M&S performs the functions of secondary industry such as; it makes small components for some largest companies. M&S also has cotton sourcing, production and distribution. So, M&S performs territory organization.

Liability

The shareholders have limited liability. Here in the business prospectus, there are said that personal property will not be liable for loss of business (Dew, 2008). The liability of the Company is limited by the amount of shareholding by each shareholder. This strategy also helps shareholders to increase their value. The shareholders of the Marks & Spencer Company have a limited liability status. M&S is liable to the shareholders, investors, creditors etc. Personal property is not liable for business loss. As far as, 2015 Marks & Spencer Current liability is 2,111.6 million and its non-current liability is 2885.7 million pounds. Mark & spencer contains a total asset of 4,999 million pounds. So it can be said that the total asset is enough for repaying all liabilities.

Sue Ryder

Aims and objectives

The aim of Sue Ryder is to a leading charitable organization in the UK. The key objectives of Sue Ryder are a) to provide excellent support to the people in the local community; b) to work for the well-being of the community people, and c) to provide quality services by skilled and experienced staff.

Purposes

Supporting patients through providing health and care services is Sue Ryder’s business purpose. It offers a number of services quality services to the disadvantaged people in the local communities of the UK.

Ownerships

Sue Ryder launched their activities as a nursing home in 1953, in Suffolk, UK. Sue Ryder is a non-profit organization.

Ranges and business sectors

Consulting service considering patience’s necessary and diagnosis the diseases for support is the objective of the Sue Ryder. Industrial sector. The Company is a national level Company as it spreads its services in a different corner of UK. The income is the cost for the welfare of patients. Sue

Industry sector

Sue Ryder is operating in the primary sector. Sue Ryder is a territory organization because of its service-oriented activities. Sue Ryder mainly operates a service business. Sue Ryder provides services in the UK and some other countries to a little extent.

Liability

Margaret Susan Ryder is the founder of the Sue Ryder organization and is a sole proprietorship business. Sue Ryder is run by the donation of the money. If the organization is closed then the property will be transferred to the charitable organization. The Company is a non-profit Company and is dependent on charity. It raises fund and uses for the people who need care. It is operated by a trustee board. The trustee board is liable to the donator of Sue Ryder. The trustee board is ethically liable to the donator.

P2. Stakeholder’s Presentation

Stakeholders are those who have an influence on the organization or who are influenced by the organization. Stakeholders are two types: a) Institutional shareholder; b) Common shareholder.

Stakeholders of Marks & Spencer

Marks and Spencer started way back in 1884 by Michael Marks a refugee who was a Russian-born Polish who set up his stall at Leeds Kirkgate market. It was set up as a stall with the slogan ‘Marks Penny bazaar’, ‘Don’t ask the price,-it’s a penny. It is also famously known as Marks and Sparks. Michael marks were then joined by Thomas Spencer, as his partner in 1894 and by 1900, as partners, they were running twenty-four stalls and twenty shops mainly in the Midlands and North England. In 1903, they entered into busy as a private company-Marks and Spencer Ltd. At the moment Marks and Spencer has over two thousand shops both in the UK and abroad and in 2009 they celebrated their 125 years in business. The stakeholders of Marks and Spencer are employees customers, suppliers, shareholders, investors, local communities, local and national government and pressure groups, owner, creditor, government and management are also considered as the stakeholders of Marks & Spencer…………………………………………..