Unit 1 Business Environment Assignment with Marks & Spencer Plc (GC01213)
Table of Contents
Introduction.
P1 (1.1): describe the type of business, purpose, and ownership of two contrasting businesses.
P2 (1.2): describe different stakeholders who influence the purpose of two contrasting businesses
M1 (1.2.1): explain the points of view of different stakeholders seeking to influence the aims and objectives of two contrasting organizations.
D1 (1.2.12): evaluate the influence of different stakeholders exert in one organization.
P3 (2.2): describe how two businesses are organized.
P4 (3.1): explain how their style of organization helps them to fulfill their purposes.
P5 (4.1): describe the influence of two contrasting economic environments on business activities within a selected organization.
M2 (4.1.1): compare the challenges to selected business activities within a selected organization, in two different economic environments.
P6 (4.2): describe how political, legal, and social factors are impacting upon the business activities of the selected organizations and their stakeholders.
M3 (4.2.1): analyze how political, legal, and social factors have impacted on the two contrasting organizations.
D2 (4.2.2): evaluate how future changes in economic political, legal, and social factors, may impact on the strategy of a specified organization.
Conclusion.
Reference.
Introduction
Marks & Spencer Plc is a glorious trader in the UK. It is a generally controlled organization. Food parts, home brands, or clothing are the main productions of this organization. More than 83000 employees are engaged with this international organization. The benefit of this organization was almost £10.300 billion in 2018. But the large as well as excluding benefit was £762.5 million as well as £481.7 million properly in 2018 as Marks and Spence (2018) notes.
On the other side, Heifer International is a helpful organization that proposes neural as well as clinic care for human beings covering life developing analysis or fearsome as Heifer International (2018) notes. This assignment focuses on different factors. It describes business types, purposes, and ownership of Marks & Spencer. Second, it describes different stakeholders. Third, it explains stakeholder’s interest in the business. Fourth, it evaluates stakeholder influence in business.
P1 (1.1): describe the type of business, purpose, and ownership of two contrasting businesses
Marks & Spencer is a business and profitable organizations. On the other hand, Heifer International is a non-profit charitable organization. It describes business types, purposes, and ownership of Marks & Spencer in contrast to Heifer International.
The contrast between Mark & Spencer and Heifer International
| Perspectives | Marks and Spencer | Heifer International |
| Aims and objectives | The aims of Marks & Spencer to promote them as an international multi-channel retailer. They will try to improve their position over the UK. The objectives of Marks & Spencer are to raise its business in private as well as the global market with a developed market allotment or benefit border is the main goals of Marks and Spence. | The aims of Heifer International is providing human being the responsibility they demand through forwarding the barriers, doing the proper thing, or creating its planned in sync. The objective of Heifer International is to work with communities to end world hunger and poverty and to care for the Earth |
| Purposes | The purposes are a) to raise business; b) to develop consumer reservation as well as faithfulness with developed market contribution, or c) to achieve developed deals profit as well as benefit. | The purposes are: to give brilliant work to the human being, without achieving any benefit. |
| Industrial sector | Marks & Spencer is a secondary sector as it collects is the raw material from other suppliers and its supplier is primary sector and the outlets they are using to sell their product are tertiary. It is a performance business in inferior (growing goods) or tertiary (purchasing goods) part. | Heifer International is operating in the tertiary sector where it helps people with the best of their life. |
| Range | It is performing in the both the domestic and global markets. | It is performing only in China |
| Business sector | It is doing business in the selling parts, where the main elements are food parts, home parts, and clothing for the public.
| It is working with communities to end world hunger and poverty and to care for the Earth |
| Ownership | Marks & Spencer is a public limited company, which offers its shares to the general public through stock exchanges. | Non-profit organization and volunteer works. |
| Stakeholders | Key stakeholders are Customers; employees; suppliers; owners; trade unions; employer associations; local and national communities; governments; | Key stakeholders are employee, donor, trustees, local communities, governments, |
Table: Contrast between Marks and Spencer and Heifer International
Marks and Spencer is a business and profitable company which aims to gain increased revenue and profit through gaining improved market share and customer retention. On the other hand, Heifer International is a charitable organization whose key aim is to serve community and society
Stakeholders of Marks & Spencer
Customers: Consumer is the main shareholder of Marks as well as Spencer. Marks as well as Spencer have to give brilliant consumer duty to captivate the aim or promising consumers. Customers are looking for cheap and quality products as well as good customer services. Customer also wants to disclose their opinion with favorite brand regarding the changing needs and expectation…………………
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