Business analysis - Essay Example

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They have no other option than shaping their internal and external environments to adopt the constantly occurring changes in the…
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Download file to see previous pages The company owns more than 700 stores which are operating in United Kingdom and more than 300 of these stores are spread in around 40 countries. The company possesses expertise and specialists in the production and selling of luxury, food, and clothing products. Marks and Spencer was initiated by Thomas Spencer and Michael Marks in the year 1884 in Leeds (M&S, 2012).
Later, during the late 1990s, the company gained the status of being the first British retailer to earn a pre-tax profit of more than £1 billion. Afterwards, within a period of two years, it was caught in the economic and financial crises which took many years for the company to recover. At the moment, the company is the leading retailer of UK and, every week, over 21 million people visit the stores of M&S. The company offers high quality, creative and great value products for home and clothing along with the food of an outstanding quality. The products of the company are responsibly sourced from over 20,000 suppliers from all over the world (M&S, 2012). Moreover, an M&D employee 78,000 people from and outside UK, and possesses an international business which is expanding on an enormous rate.
The concept of business environment pertains to the environment in which a business organization performs its activities and functions. It may be defined as an environment which comprises of the economic, political, social, and legal factors which impact the functions and operations of business either directly or indirectly. These factors have a direct bearing on the activities of business processes (Richard Pelly, 2011). A business environment of an organization is of two types:
This environment is related to the internal aspects of the organization and affects the functions and activities directly. It includes the elements such as man, machinery, material, management, and marketing (Francisco, 2011). These factors are controllable and can change the other ...Download file to see next pagesRead More
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