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Essay / Marks And Spencer Case Study - 1549
In today's business sector, there are a number of management and external factors that every organization must deal with on a daily basis. These factors include areas such as technology, sustainability, leadership and management as well as common environmental factors. Globally, each organization will act differently, leading to an increase in the number of competitive elements. In my essay I will discuss these issues in relation to Marks and Spencer, a major British multinational retailing company. As a major name in retail, they specialize in selling luxury clothing, homewares and food products, making them a major competitor to other retailers. When it comes to business management, the Mintzberg approach, known as the 5 Ps: Plan, Stratagem. , Model, Position, Perspective relate to M&S. Recently, management at M&S Hydepark's storage and distribution facilities said 134 employees would be affected by the "reduction" of operations at the site around April 5. (DHL spokesperson “The Times”). Over the past few months, meetings have been held with affected staff to discuss their options, including: being made redundant or redeployed to other areas of the business. Many think this is a problem, but thanks to the managers and structure in place at M&S, they can make it work. The result is that aid is provided to help build an organization with the resources and skills people need. Mintzberg's role suggests that each manager's job combines these roles. M&S managers must recognize that they must use many of these roles to influence others to act in the face of future challenges. For today's employees to be successful, they must know what to do, understand their customers, negotiate... middle of paper... succeed overnight. The structure of the current business environment is influenced by market characteristics, which determine the behavior of companies within the market. This behavior includes the extent to which companies compete on price, innovation, and the extent to which they focus on day-to-day market challenges. When it comes to environmental factors, all companies will be considered to act ethically. We still have a corporate culture based on short-term financial success, in terms of quick profits. Every business in the world faces the same problem. They have limited or limited resources, companies simply do not have sufficient resources to satisfy all their needs. This means that management choices must be made, in which decisions are required to select how to allocate scarce resources among a range of competing uses prompted by the changing business environment..