Leadership and Management: Marks & Spencer - Essay Example

Comments (0) Cite this document
Marks & Spencer is among the top retailers of United Kingdom and operates around 350 M&S department stores in addition to more or less 400 Simply Food shops all over the UK. Apart from UK, it has franchises in approximately 40 nations, together with South Korea, China, Russia, India and Indonesia. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.3% of users find it useful
Leadership and Management: Marks & Spencer
Read TextPreview

Extract of sample
"Leadership and Management: Marks & Spencer"

Download file to see previous pages The company as well deals in selling products online and has been in business for over 125 years. Marks & Spencer has been a renowned retailing company and one of the best managed businesses in Europe with respect to its management quality (Spector & McCarthy, 1996, p. 77). In the year 1998, the condition had changed to some extent and the company started to face a drop in its sales, revenues as well as market share. Its formerly celebrated standing has been affected in home and overseas both as the French courts fined it as well as strictly condemned for its approach and activities towards its employees. At this point, Marks & Spencer’s successful administration faced huge issues and collapse within the business, as the problem deal directly with their board.
Marks & Spencer’s history was exemplified by an extensive as well as persistent accomplishment, which initiate a great conviction in the company’s management concept and had generated a culture, which was opposing to transformation. A recent study showed that earlier accomplishment also gave rise to overconfidence, self-importance and a feeling of invincibility. Top order management often undervalued the influence of the outer alterations within the business arena and sometimes question external information as well as studies. Centralized management systems together with intricate as well as officious reporting arrangements not just gave rise to “poor communication but more importantly, the management board became distanced from external environment and the emerging realities of changes in consumer needs, wants and shopping habits” (Bevan, 2007, p. 129).
importantly, the management board became distanced from external environment and the emerging realities of changes in consumer needs, wants and shopping habits” (Bevan, 2007, p. 129). Upholding competitive edge is the key to the endurance of the business; Marks & Spencer had created ethnically entrenched fundamental capabilities that ‘ranged across the value chain’. As a result of the company’s culture in addition to the increased rates of reimburse, the company created the centre of attraction for a higher quality of sales personnel which was deep-seated with the consciousness of the company. Each one of these capabilities was really complicated to replicate and were critical to the company, maintaining its advantage. Marks & Spencer has taken development as another vital building block in maintaining its competitive advantage. The ‘risk aversive’ business did not expand significantly and focused on its fundamental principles, capabilities and ideology. It had been enormously successful offering basic necessary commodities with no the necessity to try to copy what other retailers were selling. Development was consequently restricted to the level of the market share in addition to the amount of retail shops and by persistently increasing the number of shops, the business was capable of putting up obstructions against competition via geographical monopolies and by staying close with its core capabilities, it was then able to maintain the lead in business and successful management (Datamonitor, 2009, p. 65). 1.1 Production Orientation The production oriented organization depend on economies of scale to lessen their unit costs as well as to allow them to deliver to mass markets on costs that public can afford and that are concurrently lucrative to the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Leadership and Management: Marks & Spencer Essay”, n.d.)
Leadership and Management: Marks & Spencer Essay. Retrieved from https://studentshare.org/marketing/1400257-leadership-and-management-marks-spencer
(Leadership and Management: Marks & Spencer Essay)
Leadership and Management: Marks & Spencer Essay. https://studentshare.org/marketing/1400257-leadership-and-management-marks-spencer.
“Leadership and Management: Marks & Spencer Essay”, n.d. https://studentshare.org/marketing/1400257-leadership-and-management-marks-spencer.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
The problem of sustainability at Marks and Spencer

According to the research findings, it can, therefore, be said that sustainability is a fundamental issue in any company and that the most effective way of addressing it is by aligning sustainability principles with business operations since both correlate. It is also clear that costs are the greatest challenge to the implementation and the resultant importance of sustainability.

7 Pages(1750 words)Essay
Employee engagement in Marks and Spencer
This paper examines the role of employee engagement in modern organizations. Reference is made to the employee engagement policies of Marks and Spencer, a well-known British firm. The efforts of the firm to promote employee engagement across its departments are evaluated using the literature developed in the particular field.
8 Pages(2000 words)Essay
Marks and spencer
Since its inception the outreach of M&S has gone international, as of 2010 it was reported that the group had presence in approximately 40 nations across the globe (Finch 2010). In a marketer’s quest to create value for customers, so that a foundation of strong relationships between the customer and the business can help the latter to obtain value from customers in exchange, it is important to understand the significance of developing a marketing strategy which is customer oriented.
9 Pages(2250 words)Essay
Strategic managent of Marks and Spencer
This paper details about the organizational culture and explains how the corporate social responsibility of Marks and Spencer related to the organizational culture of the firm. The paper concluded that CSR has been a major strategy Marks and Spencer has implemented to succeed in its market and to achieve competitive advantage.
14 Pages(3500 words)Essay
With each policies given, comparison of these with Hermes Principle is given to know that either these are in accordance with these principles or not. Later and lastly, the Hermes 10 principles are provided on which the firm work to take care of the investments of their customers.
16 Pages(4000 words)Essay
Fashion Marketing -Marks and Spencer
The essay analyzes marketing in fashion. The Zara fashion company defines the global market environment in accordance to the marketing variables of psychographic, demographic, behavioral, and the demographic factors. ). Further, the company establishes on the essence of technology in compromising the negative forces.
4 Pages(1000 words)Essay
Strategic Management: Marks and Spencer Case
The study investigates internal ( UK retail division; strategy and structure; total focus on UK retail; recovery plan for clothing; expansion in units; acceleration of store renewal programme; intensive use of space and realization of value) and external environmental analysis: being closer to the customer; closing European subsidiaries; franchising of business; competition; economy and social trends.
16 Pages(4000 words)Essay
Financial Management: Marks and Spencer
M&S has a share of 11% in value market share and 11.2% in the volume market share. Food accounts for 51.1% and a market share of 4.3 %. (www.yahoo.org). Marks and Spencer Group plc was founded in 1884 and is headquartered in London, the United Kingdom.(Business Week Dec 6,2008) The international business of M&S accounts for 7.9% of the group's turnover.
5 Pages(1250 words)Essay
Financial Analysis Of Marks & Spencer
Global retailer Marks & Spencer is the United Kingdom’s premier clothing, food, and financial services, retailer. The company’s commitment to value, service, and quality began in 1884 when Michael Marks, a Russian born Polish refugee formed a partnership with Tom Spencer, a former cashier from the wholesale company IJ Dewhirst.
21 Pages(5250 words)Essay
Marks & Spencer
Sales decline was 4.8 % in 2000. The tools and frameworks applied to marketing in the UK do not differ to those used to market products in other countries. Identifying these issues and assessing their effect on strategy provides the basis for the M&S to analyse the causes of sales decrease and possibility to develop a new strategic plan in order to obtain a strong market position.
11 Pages(2750 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Leadership and Management: Marks & Spencer for FREE!
logo footer
Contact us:
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us