Sustainable Strategy- a Business Report on Marks & Spencers Plc.

I am required to evaluate the impact of changes in the economic environment on marks and spencer’s in relation to government decisions, policies, spending and economic management

For this task I have been asked to discuss the stakeholder’s aims and objectives of my two businesses. It is important for stakeholders to have an influence as they can offer ideas and anything the company is doing is in their interest.

Part A of this report examines the resources and capabilities of Marks & Spencer (M&S) up to the mid 1990's and how they lead to creating a superior competitive advantage (CA) over all competitors.

How do the views of the stakeholder link with the aims and objectives of the business?

Each organisation has a unique external and internal environment that has unique impacts on the organisation. A stakeholder’s analysis categorises that environment determining whether an organisation or a person has any low or high interest and power over the business. Based on The Asda Wal-Mart case study, stakeholders are consecutive:

The process of stakeholder mapping is as important as the result, and the quality of the process depends heavily on the knowledge of the people participating.

This chapter main focus is to assess the techniques to evaluate company’s internal situation with an emphasis on its resources capabilities, relative cost position and its competitive strength in the market. There are typically five questions any company need to evaluate their internal situation and in doing so, should use four valuable analytical tools like SWOT (Strengths, Weaknesses, Opportunities and Threats), Value Chain Analysis, Benchmarking and Competitive Strength Assessment that would reveal company’s competitiveness for helping managers match the strategy to the resources, capabilities and circumstances.

The impact and the extent of the impact that Stakeholders and the organization have over each other depends on the nature of organization and the relationship between the stakeholder and organization. Every stakeholder has its distinct affect on organization or business depending on its nature, functions and relationship with organizations. For example, government sets rates of pay, taxes, level of national insurance and introduce new legislations. Shareholders elect board of directors and vote on director’s pay levels in annual meeting. Trade unions represent its members and negotiate on behalf of its members for their rights.

Marks & Spencer was once a top-of-the-line company in terms of its quality and selection. However, it is reported that the company has become" an out-of-date, uncompetitive blur on the UK stock market. The decline for Marks & Spencer began in the latter part of the 1990s and due to the pressure of a "changing economic demand causing Marks & Spencer to undergo continual business realignment"¦" (IBM, Ltd. 2005, p.1)

Climate change is also now widely accepted to be due to the carbon dioxide and greenhouse gasses produced when burning fossil fuels which we have come to rely upon for most of our world wide power.

A. Product Description Marks and Spencer Plc (M&S) is a company established in 1884 and has over than 1000 stores worldwide. The type of products that M&S sell are goods,

This report will demonstrate, apply and evaluate knowledge and understanding of key managerial disciplines of the chosen high street retailer, Marks and Spencer, in different real-world global contexts. According to the report by Deloitte, the retail industry is undergoing immense changes and faces a tough competitive

There is no need to introduce its background anymore; I think everyone knows the super supermarket leader’s name which is called Walmart. Here is the point that in this case why the CEO of Walmart Scott announced to do the business sustainability strategy in 2005. The sustainability will be the most focused in the 21century when the environment get worse every day. This strategy seems that Walmart will increase its cost and make a great contribution to the world. There is no doubt that the sustainability is quite good for the world environment we live. On the other side, as the Scott said “being a good steward of the environment and

Marks and spencer is a very well established brand in the UK.For any organization the first step in creating a career progression is always to determine where you want to go and what skills, competencies and experience those jobs require. If we look at the literature above, than Marks & Spencer bring forth a new business strategy in which its main focus was on three key features:

7. Donaldson, T, & Preston, L 1995, 'The Stakeholder Theory of the corporation : concepts, evidence and implications Academy Of Management Review, Vol.20, issue 1, pp. 65-91, [Online] Available at http://www.jstor.org/stable/258887 [Accessed 1 October 2012]